Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) acquires a majority stake in its Chinese joint venture BMW Brilliance Automotive Ltd. (BBA). BBA has today received the relevant business licence from the Chinese authorities, effective 11 February 2022. BMW AG thus indirectly holds 75% of the shares in BBA, while the Chinese partner Brilliance China Automotive… Continue reading @BMW: Ad-hoc: BMW AG acquires majority stake in BMW Brilliance Automotive Ltd. leading to full consolidation effective 11 February 2022001746
Tag: Mobility
@BMW: BMW Group strengthens partnership in China: Extension of Joint Venture Contract until 2040 enters into force001745
Munich. The BMW Group underlines its long-term commitment in China: as of 11 February 2022, the extension of the joint venture contract for the BMW Brilliance Automotive Ltd. (BBA) joint venture until 2040 takes effect. The agreement on the contract extension was signed by the two joint venture partners back in October 2018, on BBA’s 15th… Continue reading @BMW: BMW Group strengthens partnership in China: Extension of Joint Venture Contract until 2040 enters into force001745
@Daimler: Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021
Stuttgart, Germany – Mercedes-Benz Group AG achieved strong financial results in the year 2021 based on preliminary unaudited figures. The Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10 to 12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, the fourth… Continue reading @Daimler: Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021
The New Reality of Contactless Car Rental
Virtual keys, clear signup and pickup instructions, and 24/7 text support are expected by today’s car rental customer. Since our world won’t go back to pens and papers, it’s time to get on board with fully contactless experiences. Photo courtesy of Liigu Looks like the pandemic doesn’t want to let go and will stay with… Continue reading The New Reality of Contactless Car Rental
LG NOVA Program Announces “First 50” Startups Advancing to Next Phase of Incubation Program
February 11, 2022 LG NOVA Program Announces “First 50” Startups Advancing to Next Phase of Incubation Program Open share list Share this content. Entrepreneurs in Connected Health, Energizing Mobility, Smart Lifestyle, Metaverseand Innovation for Impact Sectors Bring Futuristic Concepts to Mainstream in 2022 SANTA CLARA, Calif., Feb. 10, 2022 — LG Electronics’ North American Innovation Center,… Continue reading LG NOVA Program Announces “First 50” Startups Advancing to Next Phase of Incubation Program
Augmented reality finds a foothold in cars via safety features
The technology needed to electrify and automate cars is coming of age in tandem with the technology that powers augmented reality. Automakers keen on capturing the attention of their customers, and even attracting alternate forms of revenue, are considering the potential use cases of AR, now and in the future. The integrations that are coming… Continue reading Augmented reality finds a foothold in cars via safety features
Top Tesla engineer hired by Ford after 12 years with EV industry leader
Alan Clarke, a top engineer at Tesla for the past 12 years, is now working at Ford Motor Co., the automaker confirmed Thursday. He is a key player in the advanced electric vehicle development department and reporting to Doug Field, a former Tesla engineer who joined Ford in September and now runs its advanced technology and embedded systems. “I’m happy to share that… Continue reading Top Tesla engineer hired by Ford after 12 years with EV industry leader
Ford’s mobile app update hints at new driverless parking features
Ford’s remote vehicle app FordPass was updated a week ago, and Electrek reports that it contains a set of image files hinting at a possible driverless parking assistant feature. The images have filenames beginning with “freeDriveBehind” and “freeDriveForward,” which show stencil drawings of what looks like an overhead view of a Ford F-150 Lighting with… Continue reading Ford’s mobile app update hints at new driverless parking features
Zoox robotaxis are already mingling with the public on semi-private test courses
Zoox has built dozens of custom-built electric robotaxis and is testing them in one or more “semi-private courses” in California, according to the company’s co-founder and CTO Jesse Levinson. “We have dozens of them — not hundreds yet, but it’s very far into the double digits, said Levinson, referring to the total number of robotaxis… Continue reading Zoox robotaxis are already mingling with the public on semi-private test courses
Chinese electric car maker Xpeng expands into Sweden and Netherlands, article with image
The logo on an XPeng Inc. P7 performance electric vehicle is seen outside the New York Stock Exchange in New York, U.S., August 27, 2020. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Feb 11 (Reuters) – Chinese electric car maker Xpeng (9868.HK) said on Thursday it was expanding further to… Continue reading Chinese electric car maker Xpeng expands into Sweden and Netherlands, article with image