STUTTGART, Germany, Oct. 23, 2020 /PRNewswire/ — Good performance by Group and divisions, despite lower unit sales and revenue, due to improving markets, strong products and diligent cost discipline Industrial net liquidity of €13.1 billion (end of Q2 2020: €9.5 billion) Positive momentum from market and cost measures in third quarter expected to be continued… Continue reading Daimler reports third-quarter 2020 results
Tag: Mobility
LM Industries raises $15m from SPARX to develop and deliver the 3D printed Olli 2.0
Digital vehicle manufacturer and parent company of Local Motors, LM Industries, has raised $15 million from an investment fund managed by the Japanese SPARX Group. Local Motors is the developer of Olli, a 3D printed, electric, self-driving shuttle bus, and the additional funding will be used to develop, manufacture and deploy the vehicle’s second iteration… Continue reading LM Industries raises $15m from SPARX to develop and deliver the 3D printed Olli 2.0
Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)
A group of Uber drivers say the company’s messaging in favor of California’s Proposition 22 is breaking the law. In their lawsuit filed Thursday, they say the “threatening” and “coercive” messages break a 1915 law. An Uber spokesperson called the lawsuit “absurd” and said it lacked any merit. Prop. 22 would allow Uber and its… Continue reading Uber drivers are suing the company over ‘threatening’ messages urging them to vote for California’s Prop. 22 (UBER)
Faraday Future enhances its head-up display features on FF 91 to new levels of innovation and safety
Faraday Future (FF), a California-based shared intelligent mobility ecosystem company announced additional details on its FF 91 ultra-luxury vehicle, including updates to its HUD (head-up display) functionality. In addition to the HUD, FF 91 features a central hub display up front, with a 15.4-inch display, a predictive home screen that tailors itself to destinations in… Continue reading Faraday Future enhances its head-up display features on FF 91 to new levels of innovation and safety
E-bike subscription service Dance closes $17.7M Series A, led by HV Holtzbrinck Ventures
Three months on since the former founders of SoundCloud launched their e-bike subscription service, Dance today is announcing the close of a $17.7 million (€15 million) Series A funding round led by one of the larger European VCs, HV Holtzbrinck Ventures. Founded by Eric Quidenus-Wahlforss (ex-SoundCloud), Alexander Ljung (still at SoundCloud as chairman) and Christian… Continue reading E-bike subscription service Dance closes $17.7M Series A, led by HV Holtzbrinck Ventures
Tesla is adding a new ‘4D’ radar with twice the range for self-driving
We learn that Tesla is looking to add a new “4D” radar with twice the range of its current radar in order to help its self-driving effort. Tesla Loves cameras and radar, hates lidar Early on its Autopilot and self-driving effort, Tesla made a clear decision to bet on computer vision powered by camera and… Continue reading Tesla is adding a new ‘4D’ radar with twice the range for self-driving
NVIDIA Makes a Clean Sweep of MLPerf Predictions Benchmark for Artificial Intelligence
Graphics chip giant Nvidia mopped up the floor with its competition in a benchmark set of tests released Wednesday afternoon, demonstrating better performance on a host of artificial intelligence tasks. The benchmark, called MLPerf, announced by the MLPerf organization, an industry consortium that administers the tests, showed Nvidia getting better speed on a variety of… Continue reading NVIDIA Makes a Clean Sweep of MLPerf Predictions Benchmark for Artificial Intelligence
Financial information at September 30, 2020
Financial information at September 30, 2020 After falling steeply in the second quarter due to the health crisis, global tire demand picked up more strongly than expected in the third quarter. Passenger car and Light truck tires: demand plunged 17% over the first nine months, with a 6% decline in the third quarter demonstrating a… Continue reading Financial information at September 30, 2020
Michelin: Michelin announces sales of €15 billion for the first nine months of 2020, down 15% at constant exchange rates, with a decline of 5% in the third quarter reflecting an upturn in business.The Group is upgrading its 2020 guidance.
PRESS RELEASEClermont-Ferrand – October 22, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the nine months ended September 30, 2020Michelin announces sales of €15 billion for the first nine months of 2020, down 15% at constant exchange rates, with a decline of 5% in the third quarter reflecting an upturn in business.The Group is revising… Continue reading Michelin: Michelin announces sales of €15 billion for the first nine months of 2020, down 15% at constant exchange rates, with a decline of 5% in the third quarter reflecting an upturn in business.The Group is upgrading its 2020 guidance.
HERE integrates what3words into in-car navigation feature
Drivers will now be able to enter what3words addresses directly into their in-car systems, allowing them to navigate to any destinationOctober 22, 2020London and Amsterdam – HERE and what3words have partnered up to offer the next generation of precision in-car navigation. OEMs using HERE Technologies can now include what3words as an in-car navigation feature, with… Continue reading HERE integrates what3words into in-car navigation feature