Tag: Mobility

Veoneer posts smaller Q3 loss than expected as cost cuts bite

STOCKHOLM (Reuters) – Swedish auto technology group Veoneer (VNE.N) (VNEsdb.ST) on Wednesday reported a smaller-than-expected third-quarter operating loss, overshadowing a cut to its full-year organic sales forecast and sending shares sharply higher. The company, which makes radars, vision systems and software for advanced driver assistance systems and autonomous driving, said its quarterly operating loss grew… Continue reading Veoneer posts smaller Q3 loss than expected as cost cuts bite

Groupe PSA: Q3 2019 Group revenue growth

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) revenue amounted to €15,579 million in Q3 2019 compared to €15,428 million in Q3 2018. Automotive division revenue amounted to €11,824 million up by 0.1% compared to Q3 2018. A strong product mix (+4.4%) as well as positive price conditions (+1.0%) more than offset the decrease of sales… Continue reading Groupe PSA: Q3 2019 Group revenue growth

Hyundai Mobis Invests in and Forms Partnership with Velodyne Lidar

SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) is joining hands with ‘Velodyne Lidar’, world leading lidar company, for mass-producing level 3 autonomous driving lidar system. Hyundai Mobis will also invest $50 million in Velodyne, creating invaluable synergy between the two companies to reinforce business cooperation in Lidar commercialization. The two companies will collaborate on new lidar… Continue reading Hyundai Mobis Invests in and Forms Partnership with Velodyne Lidar

Honda Unveils All-new Fit at Tokyo 2019

TOKYO, Japan, October 23, 2019 — Honda Motor Co., Ltd. today held the world premiere of the all-new Fit at the 46th Tokyo Motor Show 2019. The all-new Fit will be exhibited at the Honda booth for the duration of the show (Press days: October 23-24, Public days: October 25 – November 4, 2019), and it… Continue reading Honda Unveils All-new Fit at Tokyo 2019

Honda to Evolve its High-Efficiency Electrification Technologies as “Honda e:TECHNOLOGY”

TOKYO, Japan, October 23, 2019 — Honda Motor Co., Ltd. today announced the establishment of Honda e:TECHNOLOGY, a new collective name which represents Honda’s original high-efficiency electrification technologies including electrified two- and four-wheeled mobility products as well as Honda’s energy management technologies. Honda e:TECHNOLOGY embodies “value creation for mobility and people’s daily lives,” which is… Continue reading Honda to Evolve its High-Efficiency Electrification Technologies as “Honda e:TECHNOLOGY”

To go big on EVs, Japanese car makers think super-small

TOKYO (Reuters) – As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible. FILE PHOTO: Toyota Motor’s logo is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October… Continue reading To go big on EVs, Japanese car makers think super-small

MAHLE bets on India’s e-mobility drive, hikes stake to 90% in JV – Autocar Professional

With an aim to benefit from India’s drive towards electric mobility, Germany headquartered MAHLE Group has increased its equity stake in its Coimbatore-based joint venture (JV),  MAHLE Letrika Roots India  to 90 percent from 50 percent earlier. Furthering up its ante in the EV segment, the company last month signed a Memorandum of Understanding (MoU) with the Tamil Nadu… Continue reading MAHLE bets on India’s e-mobility drive, hikes stake to 90% in JV – Autocar Professional

Robotaxi Startup Zoox Raises New Millions – Forbes

Lineup of Zoox L3 autonomous cars. Instagram Autonomous vehicle startup Zoox has signed a $200 million convertible note— the first new investment since the Silicon Valley company fired its co-founder and original CEO last year. The note is the initial step in closing the company’s Series C funding round that’s expected to be finalized later this… Continue reading Robotaxi Startup Zoox Raises New Millions – Forbes

Lyft says it will turn a profit a year ahead of schedule — and the stock is exploding higher (LYFT)

Shutterstock Lyft cofounders Logan Green and John Zimmer said at The Wall Street Journal’s Tech Live conference on Tuesday that they expected the company to be profitable by the fourth quarter of 2021, a year earlier than analyst forecasts. The news sent Lyft shares surging as much as 11%, their biggest intraday increase since the… Continue reading Lyft says it will turn a profit a year ahead of schedule — and the stock is exploding higher (LYFT)