As automakers spend billions to rack up autonomous miles and map city streets, Toyota Motor Corp. and BMW AG are also betting on a startup with a more modest approach. The corporate venture arms of the two carmakers led a $11.5 million seed investment round for May Mobility, a micro-transit company that deploys self-driving electric shuttles… Continue reading BMW, Toyota Back a Driverless Startup That Wants to Start Small
Tag: Strategy
Argus Cyber Security Collaborates with Ericsson to Spearhead Seamless End-to-End Cyber Security Across Connected Services and Vehicles
BARCELONA, Spain, Feb. 26, 2018 /PRNewswire/ — Argus Cyber Security, a global leader in automotive cyber security, announced today a collaboration with Ericsson (NASDAQ: ERIC) to provide seamless cyber security for the connected automotive ecosystem – across vehicle cloud services, fleets and vehicles. Argus As the number and diversity of connected services that interact with vehicles continue to… Continue reading Argus Cyber Security Collaborates with Ericsson to Spearhead Seamless End-to-End Cyber Security Across Connected Services and Vehicles
Mapbox Launches Global Reality-Grade AR Location Platform
BARCELONA, Spain, Feb. 26, 2018 /PRNewswire/ — As static 2D maps fade away with the bezels of mobile phones, the future interfaces for navigation and gaming exist in augmented reality. App developers need new frameworks and reality-grade location data to build the next generation of spatially-enabled augmented reality experiences. Mapbox AR is the first comprehensive toolkit… Continue reading Mapbox Launches Global Reality-Grade AR Location Platform
A Glimpse into the Future: Continental demonstrates Predictive Connectivity Manager
Intelligent data and channel management for predictive, holistic connectivity Network availability forecast ensures optimum connectivity even on remote roads Technology serves need for Always On Connectivity Barcelona, February 26, 2018. It’s a problem all too familiar to those who spend a lot of time driving in rural areas: Mobile network reception is poor, with phone… Continue reading A Glimpse into the Future: Continental demonstrates Predictive Connectivity Manager
News – Message from the Secretary General – February 2018
Last year, passenger car sales grew by 3.4% – bringing the total number of cars sold in the EU to 15.1 million. This is a significant milestone as the symbolic 15-million mark was passed for the first time since 2007. Indeed, the European automobile industry is on a pathway to recovery. But even as we… Continue reading News – Message from the Secretary General – February 2018
Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Today, Groupe PSA (Paris:UG) and Naza Corporation Holdings announced the signing of a share sale agreement and a joint venture agreement, officially establishing shared operation of the Naza Automotive Manufacturing (NAM) plant in Gurun, Kedah, as the first manufacturing hub in ASEAN for Groupe PSA. In attendance to witness, the event… Continue reading Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
UPDATE 1-Germany could impose limited diesel car bans in strategy shift
BERLIN (Reuters) – Germany’s government, which has steadfastly opposed barring heavily-polluting diesel cars from cities, is working on changes to allow driving bans on certain routes on an emergency basis, documents seen by Reuters showed. Junior transport minister Norbert Barthle, a conservative, disclosed the shift in a reply to a parliamentary question by the Greens… Continue reading UPDATE 1-Germany could impose limited diesel car bans in strategy shift
New shareholder
Daimler AG confirms that the entrepreneur Li Shufu has acquired 9.69% (103,619,340 shares) of the company. Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder, which is convinced by Daimler’s innovation strength, the strategy and the future potential. Daimler knows and appreciates Li Shufu as an especially knowledgeable… Continue reading New shareholder
Geely says won’t buy more Daimler shares ‘for the time being’
FRANKFURT, Feb 24 (Reuters) – China’s Zhejiang Geely Holding does not plan to buy more Daimler shares “for the time being,” it said on Saturday, after its chairman Li Shufu disclosed he had a 9.69 percent stake in the German carmaker. ”Daimler is an outstanding company with a first-class management. It will be an honour… Continue reading Geely says won’t buy more Daimler shares ‘for the time being’
UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers. Two sources familiar with the thinking of Li Shufu said his move to accumulate the… Continue reading UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler