Kongsberg Automotive completes the sale of Interior Comfort Systems business unit to Lear Corporation

Zurich, February 28, 2022: Kongsberg Automotive (KA) has completed the sale of its Interior Comfort Systems (ICS) business unit to Lear Corporation (‘Lear’), following the approval by the European Commission on February 25, 2022. The ICS business unit supplies seat climate and comfort systems to major car and seat manufacturers. Lear and KA entered into… Continue reading Kongsberg Automotive completes the sale of Interior Comfort Systems business unit to Lear Corporation

@FCA: Dare Forward 2030: Stellantis’ Blueprint for Cutting-edge Freedom of Mobility

March 1, 2022 , Amsterdam – Stellantis N.V. today unveiled Dare Forward 2030, its bold strategic plan for the coming decade that will drive Stellantis employees to be ‘second to none’ in value creation for all stakeholders. Stellantis commits to becoming the industry champion in the fight against climate change, reaching carbon net zero emissions by 2038.… Continue reading @FCA: Dare Forward 2030: Stellantis’ Blueprint for Cutting-edge Freedom of Mobility

Waymo to begin charging for robotaxi rides in San Francisco

Waymo, the self-driving unit of Alphabet, has scored a permit with the California Public Utilities Commission that allows it to charge riders for ride-hailing trips in its autonomous vehicles in San Francisco. A human safety operator must be present, though, per the permit’s stipulations. Securing this permit from the California Public Utilities Commission (CPUC) is… Continue reading Waymo to begin charging for robotaxi rides in San Francisco

Inceptio Technology completes US$188 million in financing, led by Sequoia Capital China and Legend Capital

SHANGHAI, Feb. 28, 2022 /PRNewswire/ — Inceptio Technology, an autonomous driving truck technology and operation company, announced the closing of a US $188 million Series B+ equity financing. This round of financing is jointly led by Sequoia Capital China and Legend Capital. Co-investors include Chow Tai Fook Enterprises Limited, Cedarlake Capital, supply chain solution &… Continue reading Inceptio Technology completes US$188 million in financing, led by Sequoia Capital China and Legend Capital

@Ford: Ford Statement on Better Climate Challenge

About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams.  The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Ford Statement on Better Climate Challenge

Cruise co-founder Kyle Vogt retakes CEO spot after GM exec’s sudden departure

Kyle Vogt, who co-founded Cruise and ran the startup for years following GM’s acquisition in 2016, is back in charge. Vogt made the announcement Monday via a tweet. The formal announcement comes more than three months after Cruise CEO Dan Ammann, a longtime executive at GM who had been tapped as CEO in 2018, suddenly… Continue reading Cruise co-founder Kyle Vogt retakes CEO spot after GM exec’s sudden departure

Lear Completes Acquisition of Kongsberg Automotive’s Interior Comfort Systems Business Unit

“Lear is leading an era of unprecedented evolution and growth in automotive seating innovation. As automakers look for greater product differentiation, increased efficiency and improved performance – especially in the luxury, SUV and electric vehicle segments – Lear is offering seating with more integrated thermal and premium features,” said Ray Scott, Lear President and CEO.… Continue reading Lear Completes Acquisition of Kongsberg Automotive’s Interior Comfort Systems Business Unit

CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2021 RESULTS

JUSTIN, Texas, Feb. 28, 2022 /PRNewswire/ — Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the fourth quarter and fiscal year 2021. “We continue to make key progress and recently executed multiple agreements with the state of Oklahoma, including for the purchase of 1,000 vehicles. We broke ground in… Continue reading CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2021 RESULTS

Cruise founder, ex-CEO to be permanent leader of self-driving company

Cruise LLC’s next chief executive officer will be Kyle Vogt, the former CEO who’s been acting as interim chief of the self-driving company since the abrupt departure of Dan Ammann.  Vogt, 36, who is also a co-founder of Cruise, announced the “fun news” Monday on Twitter: “I have no doubt it will be a difficult challenge given… Continue reading Cruise founder, ex-CEO to be permanent leader of self-driving company

@BMW: BMW Group’s innovative Edge Ecosystem wins award.001790

+++ Cloud-based software suite for worldwide edge device management +++ Central app catalogue rolled out in the BMW Group production network +++ Zero-touch installation for fully automated setup +++   Munich. The BMW Group’s Edge Ecosystem has won the Microsoft Intelligent Manufacturing Award 2021 in the Envision category. The cloud-based software suite allows production-related applications… Continue reading @BMW: BMW Group’s innovative Edge Ecosystem wins award.001790