KUALA LUMPUR — Malaysia unveiled on Friday a much-delayed automotive policy, hoping to stay ahead of Thailand and Indonesia by shifting the focus from energy-efficient cars to next-generation vehicles production for the region. The National Automotive Policy 2020 also sought to redefine its national car classifications to accommodate a third national car maker, after China’s Geely-backed Proton… Continue reading Malaysia revamps auto policy with third national car in mind
Tag: Mobility
Russian driverless tech company Cognitive Pilot sets sights on IPO
By Nadezhda Tsydenova MOSCOW, Feb 21 (Reuters) – Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters. The company has already attracted investment from top Russian lender Sberbank, which has bought a 30% stake, though it gave no indication… Continue reading Russian driverless tech company Cognitive Pilot sets sights on IPO
Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Autonomous air mobility company Volocopter has added to the Series C funding round it announced in September 2019. The German electric vertical take-off and landing (eVTOL) aircraft maker announced €50 million ($54 million at today’s exchange rate) in funding at the time, and the C round has now grown to €87 million ($94 million) thanks… Continue reading Volocopter extends Series C funding to $94M with backing from logistics giant DB Schenker and others
Veoneer Publishes 2019 Annual Report on Form 10-K
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ — Veoneer, a world-wide leader in autotech, has filed its 2019 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The 2019 Annual Report on Form 10-K is available at the SEC Edgar website: www.sec.gov and on Veoneer’s web site veoneer.com. The information regarding publication of our… Continue reading Veoneer Publishes 2019 Annual Report on Form 10-K
Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
Fourth Quarter 2019 HighlightsCash from operations increased to $1.70 billion, despite lower sales and earningsReturned $365 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 10% to $0.40 per shareFull Year 2019 HighlightsRecord cash from operations of $3.96 billion, despite lower sales and earningsReturned approximately $1.7 billion to shareholders through share repurchases and… Continue reading Magna Announces Fourth Quarter and 2019 Results and Raises Quarterly Cash Dividend per Share by 10%
@BMW: New record for BMW Group idea management – Employee proposals generate over 62 million € in savings
Munich. Improvements proposed by BMW Group employees reached a new all-time high last year as part of the CRE8 idea management programme. “Over 62 million € in annual savings from employees’ suggested improvements is the highest amount the BMW Group’s idea management programme has ever achieved. More than 8,000 ideas for improvement have been submitted… Continue reading @BMW: New record for BMW Group idea management – Employee proposals generate over 62 million € in savings
McAfee study raises the red flag on increasing threat of AI security
The connected electric vehicle is no doubt the megatrend in the automotive world. As AI (Artificial Intelligence) models and features continue to populate the new car launches, one basic question keeps popping up, exactly how secure are these? McAfee, an American global computer security software company that claims to be the world’s largest dedicated technology… Continue reading McAfee study raises the red flag on increasing threat of AI security
KARMA AUTOMOTIVE MAKES EUROPEAN DEBUT AT 2020 GENEVA INTERNATIONAL MOTOR SHOW
VIEW ALL () x Feb 20,2020 Karma’s Presence at GIMS 2020 Helps Launch Brand and its Products in Europe to Support Company’s Global Expansion Plans Southern California-based Luxury Electric Automaker Showcases its Growing Revero Family of Vehicles Karma’s Luxury Electric Revero Now Available through Karma EU Retailers Brand’s Future Driven by Two Core Technologies: Full-Electric… Continue reading KARMA AUTOMOTIVE MAKES EUROPEAN DEBUT AT 2020 GENEVA INTERNATIONAL MOTOR SHOW
Berlin-based scooter firm Tier extends funding round to $100 million
FILE PHOTO: Tier e-scooters are ready to use at the entrance to a pedestrian area in Frankfurt, Germany, August 8, 2019. REUTERS/Kai Pfaffenbach/File Photo BERLIN (Reuters) – Berlin-based kick scooter company Tier Mobility said on Friday it had extended an investment round to more than $100 million as it seeks to expand across Europe. Launched… Continue reading Berlin-based scooter firm Tier extends funding round to $100 million
Hyundai and Kia develop ICT Connected Shift System
Information and communication technology (ICT) automatically shifts to optimal gear based on road and traffic conditions ahead Improves driving comfort and fuel efficiency by minimizing unnecessary shifts through predictive gear-shifting control system Future developments to include consideration of driver’s preferences and traffic signal status Hyundai Motor Company and Kia Motors Corporation announced that they have… Continue reading Hyundai and Kia develop ICT Connected Shift System