Management and the works council have drawn up a set of guidelines specifying additional components for driving forward the Group’s transformation in the current fiscal year. The measures agreed will make an important contribution to disciplined cost management, the key drivers being freezing the size of the workforce at the January 2021 level and an… Continue reading @VW Group: Volkswagen drives forward its transformation002628
Tag: Mobility
@VW Group: Reimold: “A fascinating car at the right time”002631
Mr. Reimold, will combustion engines still be made in 2050? Abrecht Reimold: Based on everything I’ve seen thus far, the answer is a clear yes. Here at Porsche we adopted a clear and sustainable product strategy years ago. It’s based on the three pillars of fuel-efficient combustion engines, low-emission hybrid models and all-electric vehicles. Low-emission technologies… Continue reading @VW Group: Reimold: “A fascinating car at the right time”002631
@Tata-JLR: Voyage Acquired by Cruise
London, UK – Voyage, an InMotion Ventures portfolio company developing self-driving taxis, has been acquired by Cruise. Oliver Cameron, co-founder and CEO of Voyage, will join Cruise as VP of Product. “At Voyage”, Cameron stated, “we’ve been laser-focused on delivering a product that benefits the lives of real people. Voyage’s approach has always been to… Continue reading @Tata-JLR: Voyage Acquired by Cruise
AEye Appoints Automotive and LiDAR Veteran Rick Tewell as Chief Operating Officer
“I look forward to playing a key role in helping AEye bring the world’s best LiDAR sensors and technologies to the masses.” Rick Tewell, Chief Operating Officer, AEye Former Velodyne COO to Oversee Operations as AEye Accelerates Volume Production at Scale Dublin, CA – March 15, 2021 – AEye, Inc., (“AEye”) the global leader in… Continue reading AEye Appoints Automotive and LiDAR Veteran Rick Tewell as Chief Operating Officer
AEye iDAR: Sensor Performance Validation Report 2021 (VSI Labs)
On February 3, 2021, VSI Labs, one of the nation’s leading active safety and automated vehicle technology experts, oversaw the performance testing of AEye’s iDAR system with emphasis on applications for safety and autonomy. The four performance specifications tested were: Detections at 1K Range at 10Hz; Resolution as measured by Points per Degree Squared, Speed… Continue reading AEye iDAR: Sensor Performance Validation Report 2021 (VSI Labs)
@Daimler: 18. Feb 2021IR-Release: Daimler confident for 2021
Mercedes-Benz Cars & Vans Sales by the Mercedes-Benz Cars & Vans division decreased by 13% to 2,461,800 vehicles (2019: 2,823,800). Revenue was €98.6 billion (2019: €106.9 billion). EBIT amounted to €5,172 million (2019: minus €109 million) and return on sales was 5.2% (2019: minus 0.1%). Adjusted EBIT was €6,802 million (2019: €6,151 million) and adjusted… Continue reading @Daimler: 18. Feb 2021IR-Release: Daimler confident for 2021
@Daimler: 09. Mar 2021BMW Group and Daimler Mobility intend to sell PARK NOW to EasyPark Group
March 09, 2021 – As announced at today’s signing, BMW Group and Daimler Mobility AG have agreed to sell their joint venture PARK NOW Group to EasyPark Group, subject to prior approval by the relevant authorities. PARK NOW is the parking operation of the carmakers’ YOUR NOW Joint Ventures along with services for car sharing… Continue reading @Daimler: 09. Mar 2021BMW Group and Daimler Mobility intend to sell PARK NOW to EasyPark Group
Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering
MESA, Ariz., March 15, 2021 /PRNewswire/ — Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced its intention to extend and amend its existing 2020 credit agreement and issue new senior unsecured notes due 2029. “We believe transitioning to a fixed and variable debt capital structure is timely and addresses our… Continue reading Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering
MAHLE eyes gains from e-mobility, to increase actuator output to 6m units
Yet another global component supplier is betting big on electric mobility. MAHLE, with an annual production of 2.5 million units, is currently one of the world’s three largest manufacturers of mechatronic actuators for automotive applications. Actuators convert electrical energy into mechanical movement. In electric vehicles, they are used to control the transmission and the air-conditioning… Continue reading MAHLE eyes gains from e-mobility, to increase actuator output to 6m units
Elon Musk crowns himself ‘Technoking’ of Tesla
Elon Musk has a new title at Tesla: “Technoking.” The electric automaker announced the head-scratching sobriquet in a filing with the US Securities and Exchange Commission on Monday, along with chief financial officer Zach Kirkhorn’s new position as “Master of Coin.” “Elon and Zach will also maintain their respective positions as Chief Executive Officer and… Continue reading Elon Musk crowns himself ‘Technoking’ of Tesla