Tag: Mobility

U.S. Army, General Motors Collaborate to Improve Automotive Cybersecurity

U.S. Army, General Motors Collaborate to Improve Automotive Cybersecurity Engineer exchange program focuses on vehicle penetration testing and risk analysis. 2019-10-14 DETROIT — The U.S. Army CCDC Ground Vehicle Systems Center (GVSC) and General Motors announced today a new cooperative research and development agreement (CRADA) which aims to strengthen GM’s and the Army’s automotive cybersecurity… Continue reading U.S. Army, General Motors Collaborate to Improve Automotive Cybersecurity

5G Communication Module for Autonomous Driving by LG Innotek

LG announced this week that it has developed the first 5G communication module for future mobility. On the basis of a Qualcomm chips The LG Innotek building was the first communications module for 5Gthat also for the Autonomous driving is important. LG Innotek 5G module. Source: Business Korea It is a module that sends and… Continue reading 5G Communication Module for Autonomous Driving by LG Innotek

California plug-in hybrid maker Karma Automotive now accepts Bitcoin

Karma Automotive announced Tuesday that it will now accept Bitcoin at its flagship Newport Beach location.

In addition to dabbling in cryptocurrency for simple transactions, Karma will also explore theoretical blockchain applications outside of the that space, the electric-car manufacturer said in its announcement.

This move signals Karma's intent to expand its role as a tech incubator as well as an automaker. Many large-scale manufacturers have entered partnerships or established their own tech incubators to study green energy, mobility and other items outside of the traditional automotive sphere.

It also serves to further differentiate the new Karma brand from its roots in Fisker Automotive, from whose ashes the new company was formed. The Revero GT is the only carry-over product; two more models are planned along with a forthcoming in-house EV platform.

The next model expected to be unveiled is the Pininfarina GT coupe, which is a two-door riff on the Revero GT developed in partnership with its namesake design firm. The third model teased so far is simply called the SC1 Vision Concept, and it will be Karma's take on the Tesla Roadster.

Now located adjacent to John Wayne Airport in Orange County, Calif., Karma touts that it is the only automaker designing, engineering, marketing, and hand-crafting cars exclusively in Southern California.

A number of dealerships, especially in the exotic-car realm, have accepted Bitcoin for years. But it may be the first automaker openly boasting, with a press release, that it is now accepting it.

It's not by any means green, however. One report last year alleged that the cryptocurrency is used as much energy as all of Ireland—mostly because of currency mining.

Karma plans to launch a new performance variant of its existing Revero GT sedan and give a more detailed road map of its future product plans during its November 19 presentation at the LA auto show. Get ready to spend that cryptocurrency.

Volvo creates a dedicated business for autonomous industrial and commercial transport

Volvo Group has established a new dedicated business group focused on autonomous transportation, with a mandate that covers industry segments like mining, ports and moving goods between logistics hubs of all kinds. The vehicle maker has already been active in putting autonomous technology to work in these industries, with self-driving projects — including at a… Continue reading Volvo creates a dedicated business for autonomous industrial and commercial transport

CATL starts construction of its first overseas factory in Germany

ERFURT, Germany, Oct. 18, 2019 /PRNewswire/ — A groundbreaking ceremony for the first overseas factory of the world’s leading lithium-ion battery maker Contemporary Amperex Technology Co. Limited (CATL) took place on October 18 in Thuringia, a state in east-central Germany, marking the start of construction of the first lithium-ion battery factory in Germany. “Germany is home… Continue reading CATL starts construction of its first overseas factory in Germany

AB Volvo warns of demand slump as truck orders plunge

STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo (VOLVb.ST) reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22,… Continue reading AB Volvo warns of demand slump as truck orders plunge

Airbus and LM Industries form 3D printing digital mobility startup Neorizon

International aerospace giant Airbus, and San Francisco-based digital OEM LM Industries (LMI), parent company of Local Motors and Launch Forth, have partnered to form Neorizon, a digital mobility startup.  The new collaborative venture between the two firms aims to provide innovative products with a focus on autonomous mobility. Both firms will bring their respective expertise… Continue reading Airbus and LM Industries form 3D printing digital mobility startup Neorizon

A Strategic Alliance

Newsroom/Stories/A Strategic Alliance

A Strategic Alliance

alued at Rs 1,925 crore, the new partnership between M&M and Ford Motor Company will drive enhanced competitiveness through greater economies of scale across the automotive value chain, including optimized sourcing, product development, use of relevant technologies and building a global network. The partnership will also allow Ford and Mahindra to offer new products to customers faster and deliver profitable growth to both companies.

On this profitable partnership, Anand Mahindra, Chairman, Mahindra Group, said, “Mahindra and Ford together is a testament of cooperation and mutual respect between the two companies. Our combined strengths – Mahindra’s expertise in value-focused engineering and its successful operating model, and Ford’s technical expertise – global reach and access to future technology – are a potent recipe for success. At its core, the partnership will be driven by shared values of both companies, which are focused on caring for our customers, associates, and our communities.”

Adding to this, Jim Hackett, President and CEO, Ford Motor Company, said, “At Ford, our purpose of 116 years has always been to drive human progress, and that won’t change. To continue to do that, we need to evolve with new and faster ways of not only delighting our customers around the world, but also solve the very different needs. Strong alliances like this, play an important role in assuring we continue to achieve our vision, while at the same time, staying competitive and delivering value to our global stakeholders.”

While, this isn’t the first time that M&M and American multinational automaker, Ford Motor Company have joined hands, (the two auto giants had announced a strategic alliance in September 2017, followed by a declaration regarding powertrain sharing and connected car solutions in October 2018), this new joint venture is expected to achieve enhanced efficiencies to strengthen the Ford brand in India. In addition, this partnership will also be a catalyst for growth for the Ford and Mahindra brands in emerging markets, which are presently growing at double the rate of the global industry. Dr Pawan Goenka, Managing Director, M&M, said, “The joint venture will have a distinct product portfolio with shared platforms and powertrains, the newest technology, high quality and engineering standards from both Mahindra and Ford at optimized costs. This winning combination will enable the JV to successfully position its vehicles in India, as well as unlock the potential of other highly competitive emerging markets.”

With the signing of the new definitive agreement, Ford and M&M have decided on the following –

The two companies will jointly develop, market and distribute Ford branded vehicles in India, as well as distribute both Ford and Mahindra branded vehicles in high-growth emerging markets around the world
Mahindra will own 51% controlling stake, while Ford will own 49% stake
Ford will transfer its India operations under the joint venture to M&M, including their personnel and assembly plants in Chennai and Sanand, Gujarat. However, Ford will retain the Ford engine plant operations in Sanand, as well as their Global Business Services unit, Ford Credit and Ford Smart Mobility
The JV will be operationally managed by Mahindra, and its governance will be equally managed by representatives of both the companies
The partnership will be responsible for growing the Ford brand in India and exporting its products to Ford entities globally
Ford and Mahindra will jointly introduce three new utility vehicles under the Ford brand, beginning with a new mid-size SUV, that will have a common Mahindra product platform and powertrain
Mahindra and Ford will collaborate to develop electric vehicles to support the growth of sustainable mobility across emerging markets
Greater economies of scale will be driven across the automotive value chain, including sourcing, product development and access to relevant technologies
The partnership will use the Ford brand distribution network in emerging markets to extend support for the export of Mahindra products, in addition to Ford branded vehicles
Ford’s newly established International Markets Group (IMG) business unit will play a key role in the process
In addition to Ford Ranger and the US import businesses in IMG, the partnership will add to IMG’s portfolio vehicles specifically tailored for emerging markets
Under the new structure, Ford will continue its support for all Corporate Social Responsibility (CSR) initiatives

Jim Farley, President, Ford New Businesses, Technology & Strategy, said, “The creation of this JV is a pivotal moment in both our companies’ histories. Strong alliances such as this, will play a crucial role for Ford to profitably compete in the high-volume, affordable vehicle segments which are so popular with our diverse customer base. By combining our respective talents, we will offer more vehicles to customers in more places than ever before, and deliver profitable growth to both Ford and Mahindra.”

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Mahindra and Ford Sign Agreements on Powertrain Sharing and Connected Car Solutions

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22 March, 2018

Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle
and Connected Car Solutions