Tag: Mobility

Visteon Announces First-Quarter 2018 Results

View the first-quarter 2018 financial summary infographic Visteon Announces First-Quarter 2018 Results Delivered solid financial performance Sales of $814 million Net income of $65 million Adjusted EBITDA of $104 million Net cash generated from operating activities of $81 million Adjusted free cash flow of $48 million Awarded $1.6 billion in new business Multiple SmartCore™ awards… Continue reading Visteon Announces First-Quarter 2018 Results

Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion

Buy Photo Fiat Chrysler Automobiles headquarters, located in Auburn Hills. (Photo: Eric Seals, Detroit Free Press)Buy Photo Fiat Chrysler Automobiles said Thursday it earned a profit of $1.2 billion (1 billion euro) during the first quarter, a nearly 60% gain over the same period a year ago, driven in part by a jump in worldwide Jeep… Continue reading Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion

Continental Expands Automated Driving Tests on the Autobahn

The technology company Continental is expanding its global test drives for highly and fully automated driving – in Lower Saxony as well. The focus of development remains the production readiness of highly automated driving Tests on the autobahn are rounded off with system tests in an urban setting Hanover, April 26, 2018. The technology company… Continue reading Continental Expands Automated Driving Tests on the Autobahn

BMW is working with LiDAR company Innoviz to make self-driving cars

BMW has already made clear its intent to launch self-driving cars by 2021. Now, the automaker has decided on solid-state LiDAR (Light Detection and Ranging) sensors and computer vision tech from startup Innoviz to enable its Level 3 – 5 autonomous vehicles to “see” their surroundings. For clarity, level 3 involves highly-automated driving, level four… Continue reading BMW is working with LiDAR company Innoviz to make self-driving cars

Uber Vows “Indefinite” Investments In Middle East And Hints At Possible Move For Rival Careem

Ride-hailing firm Uber has promised to invest on “an indefinite basis” in the Middle East and North Africa, following its recent exits from a number of Asian territories. Speaking in an interview with the CNBC television channel, broadcast on April 26, the firm’s chief operating officer Barney Harford said the company planned to “double down… Continue reading Uber Vows “Indefinite” Investments In Middle East And Hints At Possible Move For Rival Careem

(2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

(ATTN: ADDS analyst comment and stock price in paras 5-8) By Choi Kyong-ae SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. In an earnings shock, net profit for the… Continue reading (2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

Hyundai Mobis outlines growth plans in line with group’s streamlining

SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its domestic… Continue reading Hyundai Mobis outlines growth plans in line with group’s streamlining

TOYOTA Connected Europe to bring advanced mobility services to the European market

TOYOTA Connected (TC) is expanding the global reach of its technology-driven mobility solutions with the launch of TOYOTA Connected Europe (TCEU). The new start-up company, based in London, will support the growing adoption of new mobility businesses in Europe with products and services tailored to the unique needs of the market. TOYOTA Connected North America’s… Continue reading TOYOTA Connected Europe to bring advanced mobility services to the European market

Tesla’s head of Autopilot leaves, ex-Apple exec to succeed

(Reuters) – Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company. An advertisement promotes Tesla Autopilot at a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann Pete Bannon, who… Continue reading Tesla’s head of Autopilot leaves, ex-Apple exec to succeed