These companies might close, lay off US workers because of Trump’s trade war

Many companies are holding out hope that the trade negotiations end quickly but have warned that job cuts and price increases could be imminent. BMW and General Motors sent their warnings in writing to the Department of Commerce. “This is hurting the economy but so far it’s manageable,” says Mark Zandi, chief economist of Moody’s… Continue reading These companies might close, lay off US workers because of
Trump’s trade war

MAHLE intends to continue its growth in the aftermarket with thermal management products

MAHLE plans acquisition of Hella’s shares in the joint venture Behr Hella Service, transitional period until December 31, 2019 Products and solutions for efficient thermal management are of great strategic importance for all powertrain technologies Full spectrum of thermal management products for MAHLE Aftermarket customers from a single source MAHLE and Hella have agreed that… Continue reading MAHLE intends to continue its growth in the aftermarket with thermal management products

Press release / August 9, 2018 LeddarTech delivers first LCA2 LiDAR chips to automotive partners LeddarTech has delivered the first A-samples of its LCA2 system-on-chip and now offers evaluation kits to select automotive partners.

Leddartech/Press release/LeddarTech delivers first LCA2 LiDAR chips to automotive partners

-News Release-

LeddarTech delivers first LCA2 LiDAR chips to automotive partners
Samples and evaluation kits of industry’s first 3D SSL system-on-chip ships to first partners for autonomous driving applications.
QUEBEC CITY, August 9th, 2018 – LeddarTech has delivered the first A-samples of its LeddarCore LCA2 system-on-chip (SoC) to select automotive partners that will be publicly disclosed at a later date this year. The LCA2 is the autonomous vehicle industry’s first 3D solid-state LiDAR (SSL) SoC and is available now to Tier-1 automotive manufacturers and system integrators via purchase of the LeddarTech LCA2 evaluation kit. High-volume delivery of the LCA2 will begin in the first half of 2019 for deployment in Autonomous Driving (AD) and Advanced Driving Assistance Systems (ADAS).

The LCA2 uses LeddarTech’s LeddarSP signal processing software to produce raw LiDAR data such as distance, position, and intensity of echoes. LCA2 is suitable for a wide range of applications, can be produced in high volumes for rapid mass-market deployment, and is ideal for SSL used in AD/ADAS. LeddarTech’s LiDAR technology is supported by an IP portfolio containing 58 patents (44 granted, 14 pending).

“We’re proud to be the first company in the industry to deliver 3D solid-state LiDAR SoCs,” said LeddarTech General Manager of Automotive Business Unit Michael Poulin. “This announcement shows that LeddarTech is a company that’s beyond the point of conceptualization and delivers on its ideas and promises.”

LCA2 evaluation kits are available to prospective automotive partners to benchmark the technology against intended application requirements. Kits contain:
• One fully-functional solid-state LiDAR unit integrating an LCA2 SoC
• LeddarSP signal processing software
• Additional software to facilitate evaluation and application development

Tier-1s and OEMs that order an evaluation kit are able to immediately begin application development and integration efforts of their custom LCA2-based LiDAR. To accelerate and support partner development of LCA2-based LiDAR, LeddarTech is providing engineering services and access to the company’s SSL experts. LeddarTech’s ecosystem partners are also supporting customers in making the proper selection and integration of key components such as lasers and photodetectors.

“LeddarTech’s LCA2 SoCs present an opportunity for our partners to develop their own optimized and tailored LiDAR solution and develop strong in-house LiDAR expertise,” said Poulin. “We now have a wide ecosystem of developers and suppliers adopting our LiDAR platform, which will accelerate optimization and cost reduction of solutions, hence supporting increased speed of adoption of autonomous driving.”

Learn more about LeddarCore LCA2 applications in automotive

Inquire about the LCA2 Eval Kits

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Musk tweet sparks debate on Tesla leadership

As a corporate governance expert, Atkins also sits on the board of at least four public companies, including Cognizant, Wynn Resorts, SL Green Realty and Schneider Electric, as well as the privately held Volvo Cars. “Tesla’s board knows they have a rogue CEO. Why aren’t they doing more?” Atkins said Wednesday on CNBC’s “Squawk on… Continue reading Musk tweet sparks debate on Tesla leadership

Intel sold $1 bln of artificial intelligence chips in 2017

SANTA CLARA (Reuters) – Intel Corp on Wednesday said it sold $1 billion of artificial intelligence processor chips in 2017, the first time the world’s second-largest chipmaker disclosed revenue from the fast-growing computing segment that has fueled sales expansions at rivals such as Nvidia Corp. FILE PHOTO: The Intel logo is shown at E3, the… Continue reading Intel sold $1 bln of artificial intelligence chips in 2017

Ford to launch new basic SUV as part of China revival effort

BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading Ford to launch new basic SUV as part of China revival effort

UPDATE 1-Ford to launch new basic SUV as part of China revival effort

BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading UPDATE 1-Ford to launch new basic SUV as part of China revival effort

Tesla shares surge 10% after Elon Musk shocks market with tweet about going private

But the plan Musk laid out did not mention anything about that funding, which would total about $71 billion if Musk plans to take Tesla private at $420 a share. Its current market value is $64 billion. A deal of that size would dwarf the previous largest leveraged buyout, TXU, which was valued at $32.11… Continue reading Tesla shares surge 10% after Elon Musk shocks market with
tweet about going private

Elon Musk’s tweets a strategy to distract from Tesla problems: Yale management expert

In an email sent later to Tesla employees, Musk wrote, “a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best.” He also said, “If the process ends the way I expect it will, a private Tesla would ultimately be an… Continue reading Elon Musk’s tweets a strategy to distract from Tesla
problems: Yale management expert