Varroc Group’s MD, Tarang Jain: “Turkey is going to be a key market. Its car industry is 1.7 million units strong.” Homegrown auto component major Varroc Engineering is set to take a couple of steps aimed at strengthening its lighting business and entering into a new space. The Aurangabad-headquartered company is set to acquire a… Continue reading Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI
Tag: Mobility
Hyundai elevates India, US, Europe as regional headquarters
NEW DELHI: Hyundai Motor today announced making India and the US as regional headquarters, a move that would provide more functional autonomy for its business activities in these regions. As part of the organisational changes, the company has also elevated Europe as regional headquarters as it plans to grant greater autonomy to each region in… Continue reading Hyundai elevates India, US, Europe as regional headquarters
Daimler partner presses ahead with autonomous shuttle: autonomous, electric, Russian – the prestige bus from Kamaz
All articles and backgrounds 06/19/2018 Daimler partner pushes ahead with autonomous shuttle Autonomous, electric, Russian – the prestige bus from Kamaz REUTERS Kamaz shuttle on the way in Kazan REUTERS Interior view of the WM shuttle from Kamaz Kamaz demonstrates: The Russian truck manufacturer brings to the World Cup a driverless, electrically powered bus on… Continue reading Daimler partner presses ahead with autonomous shuttle: autonomous, electric, Russian – the prestige bus from Kamaz
Autonomous car nano-optics co TriEye raises $3m
Israeli startup TriEye has announced the completion of a $3 million seed round led by Grove Ventures. Following the investment Grove Ventures managing partner Dov Moran has become chairman of TriEye. The Netanya-based company will use the funds to expand development of its systems, hire more employees and strengthen its global presence. TriEye has developed… Continue reading Autonomous car nano-optics co TriEye raises $3m
RCI Bank (Renault) buys 75% of fleet management company iCabbi
Posted 6/19/2018 11:27:32 CET PARIS, Jun 19 (EUROPA PRESS) – The financial division of the French automobile consortium Renault, RCI Bank and Services, has acquired 75% of the capital of the Irish technology management company of taxi fleets and vehicles with iCabbi driver, the company said in a statement. The Renault group explained that iCabbi,… Continue reading RCI Bank (Renault) buys 75% of fleet management company iCabbi
Breakthrough recognition for Veoneer’s LIV research platform
Tue, Jun 19, 2018 08:30 CET (Stockholm, Sweden, June 19, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, announced that Veoneer has received two awards by CLEPA, the European Association of Automotive Suppliers. On June 13, CLEPA, the European Association of Automotive Suppliers, organized for the third… Continue reading Breakthrough recognition for Veoneer’s LIV research platform
Elon Musk says Tesla employee committed ‘sabotage’
David Paul Morris/Bloomberg via Getty Images Tesla may have more trouble on its hands than layoffs and production challenges. Reuters said it had obtained a company-wide email from Elon Musk stating that an unnamed employee had conducted “extensive and damaging sabotage.” The staffer reportedly altered code in a company operating system and, more worryingly, had… Continue reading Elon Musk says Tesla employee committed ‘sabotage’
Elon Musk is accusing a Tesla employee of trying to sabotage the company (TSLA)
Tesla CEO Elon Musk said a Tesla employee has engaged in sabotage against the company, CNBC reports. In an email obtained by the publication, which Musk sent on Sunday night, Musk said the employee had changed parts of the company’s manufacturing operating system code and sent “highly sensitive” company data to outside parties. Musk reportedly… Continue reading Elon Musk is accusing a Tesla employee of trying to sabotage the company (TSLA)
CHASING THE NEW GHOSTS OF MOBILITY, DETROIT FACES AN UNCERTAIN FUTURE.
By Peter M. DeLorenzo Detroit. We’re living in the midst of strange days here. The once-vaunted Motor City, which has been up and down again and again, is now on one of its upward trajectories. And this time it looks like it’s going to stick around for a while. All is sweetness and light of late,… Continue reading CHASING THE NEW GHOSTS OF MOBILITY, DETROIT FACES AN UNCERTAIN FUTURE.
Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Forming two Joint Ventures with Beijing Electric Vehicle Co.Facility can support up to 180,000 annual vehicle capacityJV is capable of supporting the needs of additional customersSHANGHAI, China, June 18, 2018 (GLOBE NEWSWIRE) — Magna today announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) for complete vehicle manufacturing… Continue reading Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China