Munich. The BMW Group confirms that the Munich public prosecutor has opened an investigation regarding a software update which has been mistakenly allocated to around 11,400 BMW 750d and BMW M550d vehicles. On 20 March, employees of the prosecutor’s office searched two BMW Group locations in connection with the investigation. As previously communicated, in the… Continue reading BMW Group statement concerning the ongoing investigation by the public prosecutor’s office Munich
Tag: Strategy
Security at All Levels: Continental Protects Components and Production against Hacker Attacks
Cyber security technology safeguards systems and safety-relevant components in vehicles against hacker attacks Security begins in the production plant: Production sites worldwide are set to receive a security upgrade With the purchase of the Israeli startup Argus Cyber Security, Continental is further expanding its expertise in the field of automotive cyber security Frankfurt am Main,… Continue reading Security at All Levels: Continental Protects Components and Production against Hacker Attacks
Bosch DAS 1000 calibration set: professional adjustment of sensors and cameras of driver assistance systems
The Automotive Aftermarket division (AA) provides the aftermarket and repair shops worldwide with a complete range of diagnostic and repair shop equipment and a wide range of spare parts – from new and exchange parts to repair solutions – for passenger cars and commercial vehicles. Its product portfolio includes products made as Bosch original equipment,… Continue reading Bosch DAS 1000 calibration set: professional adjustment of sensors and cameras of driver assistance systems
Group 1 Announces Market Conditions and Costs Associated with Strategic Initiatives Will Negatively Impact First Quarter Results
HOUSTON, March 19, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced that first quarter earnings will be negatively affected by weak market conditions, including pressure on used car margins, as well as costs associated with a series of long-term, strategic investments designed… Continue reading Group 1 Announces Market Conditions and Costs Associated with Strategic Initiatives Will Negatively Impact First Quarter Results
Desktop Metal close new financing round with Ford
Desktop Metal, a 3D printer manufacturer, has received $65 Million in a new funding round led by Ford. The latest financing round follows a successful 2017 for the Burlington Massachusetts based company and brings total funding to $277 Million. In June 2017 the closure of a series D finance round brought unicorn status to the… Continue reading Desktop Metal close new financing round with Ford
BMW Group publishes Sustainable Value Report 2017: “For us, sustainability means future viability.”
Munich . The BMW Group made significant progress in shaping sustainable mobility in 2017. For the first time, the company sold more than 100,000 electrified vehicles in a single year. Although the percentage of diesel vehicles in Europe decreased, fleet consumption was further reduced – to an average of 122 grams per kilometre. As part… Continue reading BMW Group publishes Sustainable Value Report 2017: “For us, sustainability means future viability.”
Groupe PSA: emov Heads to Lisbon to Launch the City’s First All-Electric Carsharing Service
MADRID–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG): Very successful in Madrid, emov already has more than 160,000 customers since its launch in December 2016, with a fleet of 600 Citroën C-Zero electric vehicles. This offer will be soon available in Lisbon with a stand-out feature: beyond the city-centre, emov users will be able to start and… Continue reading Groupe PSA: emov Heads to Lisbon to Launch the City’s First All-Electric Carsharing Service
Uber said to be negotiating sale of self-driving tech to Toyota
Uber might begin selling its autonomous driving systems to outside companies, including major automakers, according to a new report from Japan’s Nikkei. The report claims that Uber has had talks with Toyota regarding supplying the automaker with self-driving tech, and that the two are currently in negotiations around how this would work, with talk of… Continue reading Uber said to be negotiating sale of self-driving tech to Toyota
Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has undertaken a series of productive meetings with U.K.-based shareholders of GKN PLC (LON: GKN). During those meetings, Dana outlined the compelling rationale for its proposed combination with GKN Driveline. Dana received direct feedback from GKN shareholders that they would like to hold stock in… Continue reading Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
Tata Motors to drive in new products to expand market presence
GENEVA:Tata Motors plans to bring in new products in order to have a presence in around 95 per cent of Indian passenger vehicles market by 2020, besides working on offering “electric solution” on most of its portfolio going forward. The company currently sells a range of vehicles from hatchback to SUVs playing in about 70… Continue reading Tata Motors to drive in new products to expand market presence