MAUMEE, Ohio, Oct. 30, 2019 /PRNewswire/ — Highlights Sales of $2.16 billion Net income attributable to Dana of $111 million; diluted EPS of $0.77 Adjusted EBITDA of $250 million, increase of $10 million; margin of 11.6 percent Diluted adjusted EPS of $0.74 Operating cash flow of $231 million; adjusted free cash flow of $125 million… Continue reading Dana Incorporated Reports Third-quarter 2019 Financial Results
Tag: Mobility
Aptiv Reports Third Quarter 2019 Financial Results
DUBLIN, Oct. 30, 2019 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported third quarter 2019 U.S. GAAP earnings of $0.96 per diluted share. Excluding special items, third quarter earnings totaled $1.27 per diluted share. These results include the adverse impacts in the third quarter of approximately $0.10… Continue reading Aptiv Reports Third Quarter 2019 Financial Results
Volkswagen’s driverless car ‘startup’ aims to take on Silicon Valley
Autonomous electric cars: Is society ready? Are you ready? ZDNet’s Jason Cipriani and Jason Perlow sit down with Karen Roby to hash out how driverless vehicles will change how we live and the way we think about transportation. Read more: https://zd.net/2JbeGcf Waymo, Tesla or Zoox are the names that usually pop up when looking at… Continue reading Volkswagen’s driverless car ‘startup’ aims to take on Silicon Valley
ŠKODA AUTO DigiLab Israel Ltd showcases new services and collaborates with more start-ups
At the Smart Mobility Summit, ŠKODA AUTO CEO Bernhard Maier emphasised, “The finishing-line photo that we have defined as part of our 2025 Strategy shows ŠKODA as the ‘Simply Clever company for the best mobility solutions’. We are pressing ahead with the digital transformation across the entire business and are now also bringing the first projects… Continue reading ŠKODA AUTO DigiLab Israel Ltd showcases new services and collaborates with more start-ups
India’s Ola Launches Carsharing
Ola Drive allows users to design their own package, controlling everything from the number of kilometers and hours, to fuel inclusion. Photo courtesy of Ola. Ride-hailing firm Ola recently launched “Ola Drive,” a carsharing service in India. The service has been initially rolled out for users in Bengaluru with Hyderabad, Mumbai, and New Delhi to follow… Continue reading India’s Ola Launches Carsharing
Kia Motors leads $25m funding in S Korean startup CODE42
South Korea’s autonomous transportation-as-a-service startup CODE42 has raised $25 million (KRW 30 billion) in its pre-Series A funding round led by Kia Motors, marking one of the largest investments in the Korean startup space. Other investors who participated in the current round include Korean conglomerates SK Group, LG and CJ. As the lead investor, Kia… Continue reading Kia Motors leads $25m funding in S Korean startup CODE42
Veoneer to Divest Japan and China Operations of Brake System Joint Venture
STOCKHOLM, Oct. 30, 2019 /PRNewswire/ — Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), the world’s largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, has signed agreements (the “Definitive Agreements”) to sell its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to… Continue reading Veoneer to Divest Japan and China Operations of Brake System Joint Venture
News – Auto industry eager to move towards zero-emission mobility but infrastructure and incentives lacking
One of my first official duties as the new Director General of ACEA was signing a joint statement with Hydrogen Europe and the IRU earlier this month. In this call to action, we urge the next European Commission and recently-elected Members of the European Parliament (MEPs) to create the right framework to support the deployment… Continue reading News – Auto industry eager to move towards zero-emission mobility but infrastructure and incentives lacking
FCA selects the Cellular Connectivity Solution of Transatel (NTT Group) in Europe for its global connected vehicle “Ecosystem”
FCA Italy announced that it has chosen Transatel’s architecture to provide universal 4G connectivity and a comprehensive connectivity management platform in all 28 countries of the EU and EFTA. The solution will also support 5G as soon as the technology becomes available on the automotive market. Global connectivity will be native to the vehicles, as… Continue reading FCA selects the Cellular Connectivity Solution of Transatel (NTT Group) in Europe for its global connected vehicle “Ecosystem”
Hitachi Capital buys mobility as a service business Mobility Mixx
Hitachi Capital has taken a major step towards becoming a mobility as a service (MaaS) supplier with the acquisition of 49% of the Dutch business Mobility Mixxfrom ARS Traffic & Transport Technology. The purchase of half the shareholding takes Hitachi into the MaaS arena in the Netherlands, where Mobility Mixx’s SmartCard and smartphone app give… Continue reading Hitachi Capital buys mobility as a service business Mobility Mixx