STOCKHOLM, July 23, 2021 /PRNewswire/ — Financial Summary – Q2’21 Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% Active Safety Net Sales increase 149%, Organic Sales increase 140% Operating cash flow $(69) million. Cash… Continue reading Financial Report April – June 2021: Veoneer
Tag: Mobility
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA)… Continue reading Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry
– Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position – Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software – Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, July 23, 2021 /PRNewswire/ — Magna International Inc. (TSX: MG;NYSE: MGA) and Veoneer,… Continue reading Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry
Waymo to open offices in Pittsburgh, an AV tech hub
Waymo, Google’s former self-driving car project that’s now an independent business unit under Alphabet, is expanding its presence in the eastern U.S. The company said Thursday it would be opening offices in Pittsburgh, joining a growing suite of companies developing and testing autonomous vehicle technology in the Steel City. The company will start by hiring… Continue reading Waymo to open offices in Pittsburgh, an AV tech hub
@VW Group: CEO Herbert Diess at the Annual General Meeting: “With NEW AUTO, we will reinvent Volkswagen”003531
The Volkswagen Group considers itself well equipped for a zero-emission and autonomous future of mobility. “With our NEW AUTO strategy, we will reinvent Volkswagen by 2030,” said CEO Herbert Diess at the virtual Annual General Meeting of the Volkswagen Group. “The cars on our roads will be sustainable, safe, smart and ultimately autonomous within the… Continue reading @VW Group: CEO Herbert Diess at the Annual General Meeting: “With NEW AUTO, we will reinvent Volkswagen”003531
@Toyota: 2021 Toyota Sienna Owner’s Manual Goes Digital
New Toyota Driver’s Companion feature with the Joya virtual assistant leverages Google’s AI to bring interactive, real-time experiences to drivers PLANO, Texas (July 22, 2021) – Toyota is bringing even more perks to 2021 Sienna owners thanks to the all-new Toyota Driver’s Companion feature in the Toyota App. Powered by Google Cloud, the app-based feature… Continue reading @Toyota: 2021 Toyota Sienna Owner’s Manual Goes Digital
Uber: Uber Freight to Acquire Transplace
SAN FRANCISCO & FRISCO, Texas–(BUSINESS WIRE)–Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies, Inc. (NYSE: UBER) and the remainder in cash. Uber Freight will acquire Transplace from… Continue reading Uber: Uber Freight to Acquire Transplace
Report: China mulls delisting, other penalties on Didi after IPO in the US
Punishments for Didi may be harsher than previous sanctions against Alibaba, which included a US$2.8 billion fine, Bloomberg reported. Go to Source
Daimler aims to be ready for all-electric car market by 2030
LONDON (Reuters) — Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Outlining its strategy for an electric future, the German luxury carmaker said on Thursday it… Continue reading Daimler aims to be ready for all-electric car market by 2030
Ford, Lyft to Launch Self-Driving Car Network this Year
Lyft users within the defined service areas will be able to select a Ford self-driving vehicle to hail a ride. Photo: Argo AI Ford Motor Company is partnering with Argo AI and Lyft to create an autonomous ride hailing service, according to the companies’ press release. Argo AI and Ford will release self-driving Ford vehicles… Continue reading Ford, Lyft to Launch Self-Driving Car Network this Year