Tag: Mobility

Mahindra reports net profit of Rs 162 crore for Q2 FY2021, down 88%

Mumbai-headquartered automotive major Mahindra & Mahindra announced its financial results for the Q2 FY2021. The company reported consolidated revenue of Rs 11,590 crore, a growth of 6 percent YoY (Q2 FY2020: Rs 10,935 crore), profit after tax of Rs 162 crore, (-88% YoY) compared to a profit of Rs 1,355 crore reported for the same… Continue reading Mahindra reports net profit of Rs 162 crore for Q2 FY2021, down 88%

@Hyundai: HMG launches NVIDIA DRIVE ‘connected car’ infotainment and AI platform

All new models from Hyundai Motor Group brands to feature NVIDIA DRIVE platform as standard, starting from 2022 NVIDIA technology enhances new connected car operating system (ccOS) ccOS developed in-house by Hyundai Motor Group for all future models Offers perpetually updatable, software-defined in-vehicle infotainment systems and potential for a wide range of ‘connected car’ services… Continue reading @Hyundai: HMG launches NVIDIA DRIVE ‘connected car’ infotainment and AI platform

@niche: Workhorse Receives Purchase Order for 500 C-1000 All-Electric Delivery Trucks from Pritchard Companies for National Fleet Program with Inventory Finan…000271

CINCINNATI, Nov. 9, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or the “Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced today that it has received a purchase order for 500 of its all-electric C-1000 delivery vehicles from Pritchard Companies (“Pritchard”). Inventory financing will be… Continue reading @niche: Workhorse Receives Purchase Order for 500 C-1000 All-Electric Delivery Trucks from Pritchard Companies for National Fleet Program with Inventory Finan…000271

Schaeffler reports strong 3rd quarter 2020

2020-11-10 | Herzogenaurach Third-quarter revenue slightly below prior year quarter (down 2.6 percent) Third-quarter EBIT margin before special items of 9.4 percent significantly improved from first six months (1.2 percent) and ahead of prior year quarter (9.1 percent) Recovery in 3rd quarter primarily driven by the two Automotive divisions; Industrial division revenue trend improved slightly… Continue reading Schaeffler reports strong 3rd quarter 2020

Brose chalks out revival plan to enable sustained profitability

Brose will invest in innovative technologies, expand its international production network and improve cost structures as part of the Future Brose renewal program. The company has also largely concluded negotiations with the works councils in Germany on optimising the organisation and reducing headcount in a socially responsible way. “We are focusing on three key areas… Continue reading Brose chalks out revival plan to enable sustained profitability

@Hyundai: Hyundai Motor Group to launch NVIDIA DRIVE ‘connected car’ infotainment and AI platform across all future Hyundai, Kia and Genesis models

• All new models from Hyundai Motor Group brands to feature NVIDIA DRIVE platform as standard, starting from 2022• NVIDIA technology enhances new connected car operating system (ccOS)• ccOS developed in-house by Hyundai Motor Group for all future models• Offers perpetually updatable, software-defined in-vehicle infotainment systems and potential for a wide range of ‘connected car’… Continue reading @Hyundai: Hyundai Motor Group to launch NVIDIA DRIVE ‘connected car’ infotainment and AI platform across all future Hyundai, Kia and Genesis models

@GM: GM Adds 3,000 New Tech Jobs to Boost Virtual Testing and Software Expertise

GM Adds 3,000 New Tech Jobs to Boost Virtual Testing and Software Expertise Positions across engineering, IT and design will strive to increase diversity and inclusion and contribute to GM’s EV and customer experience priorities 2020-11-09 DETROIT — Now through the first quarter of 2021, General Motors will hire 3,000 new employees across engineering, design… Continue reading @GM: GM Adds 3,000 New Tech Jobs to Boost Virtual Testing and Software Expertise

Autonomous delivery startup Nuro hits $5 billion valuation on fresh funding of $500 million

Nuro, the autonomous delivery startup founded by two former Google engineers, has raised $500 million, suggesting that investors still have an appetite for long-term pursuits such as robotics and automated vehicle technology. Nuro now has a post-money valuation of $5 billion. The Series C round was led by funds and accounts advised by T. Rowe Price… Continue reading Autonomous delivery startup Nuro hits $5 billion valuation on fresh funding of $500 million

Provizio closes $6.2M seed round for its car safety platform using sensors and AI

Provizio, a combination hardware and software startup with technology to improve car safety, has closed a seed investment round of $6.2million. Investors include Bobby Hambrick (the founder of Autonomous Stuff); the founders of Movidius; the European Innovation Council (EIC); ACT Venture Capital. The startup has a “five-dimensional” sensory platform that — it says — perceives,… Continue reading Provizio closes $6.2M seed round for its car safety platform using sensors and AI