Kia Motors Iberia reported today that it has reached an agreement with Cetelem Spain, a subsidiary of BNP Paribas, so that it will be in charge of financing the sale of its vehicles in the next three years (starting in 2018). Kia Motors Iberia has a network of eighty-one dealers in Spain. On January 4,… Continue reading Kia Spain chooses Cetelem as its financier
Tag: Strategy
Sale of BOSCH division for starter motors and generators completed: SEG AUTOMOTIVE starts its journey into the future
NOVI, Mich., Jan. 10, 2018 /PRNewswire/ — The well-established starter motor and generator division of the Bosch Group has completed its transition to an independent company: it will operate under the name SEG Automotive, effective immediately, including the local division SEG Automotive North America. The new name is testimony to over a century of history in… Continue reading Sale of BOSCH division for starter motors and generators completed: SEG AUTOMOTIVE starts its journey into the future
Groupe Renault is preparing the mobility services of the future with the Alliance Ventures fund
Wednesday 10 January 2018 by Emmanuel GENTY – Corporate Emmanuel GENTY Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest On 9 January 2018 at the salon CES in Las Vegas, Carlos Ghosn, Chairman and CEO of Renault-Nissan-Mitsubishi, announced the creation of Alliance Ventures, a corporate venture capital fund that will invest… Continue reading Groupe Renault is preparing the mobility services of the future with the Alliance Ventures fund
NVIDIA Announces World’s First Functionally Safe AI Self-Driving Platform
LAS VEGAS, Jan. 10, 2018 — CES — NVIDIA today unveiled details of its functional safety architecture for NVIDIA DRIVE™, its AI autonomous vehicle platform, which uses redundant and diverse functions to enable vehicles to operate safely, even in the event of faults related to the operator, environment or systems. The NVIDIA DRIVE architecture enables automakers… Continue reading NVIDIA Announces World’s First Functionally Safe AI Self-Driving Platform
Continental Uses Safety Domain Control Unit as Fallback Path in Automated Driving
Continuous self-monitoring of two independent control units detects any system uncertainties that may arise, and forms the necessary redundancy and diversity in order to always stop the vehicle safely and reliably.Continental already uses this architecture for its Cruising Chauffeur function for highly automated driving on the freeway. Las Vegas, NV, USA, January 10, 2018. Continental… Continue reading Continental Uses Safety Domain Control Unit as Fallback Path in Automated Driving
Bosch Group sells starter motor division to ZMJ
The Bosch Group’s well-established starter motor and generator division has completed its transition to an independent company and will operate as SEG Automotive, effective immediately, including the local division SEG Automotive India. The company’s new owner is Zhengzhou Coal Mining Machinery Group Co (ZMJ) and an investment group. SEG Automotive India is an integral part… Continue reading Bosch Group sells starter motor division to ZMJ
Renault-Nissan-Mitsubishi launch $1 bln venture capital fund
TOKYO, Jan 10 (Reuters) – The Renault-Nissan-Mitsubishi alliance said it is setting up a venture capital fund that plans to invest as much as $1 billion over five years, the latest move by major carmakers as they seek to adapt to rapid industry change by investing in startups. It is set to be largest corporate… Continue reading Renault-Nissan-Mitsubishi launch $1 bln venture capital fund
Visteon and Guangzhou Automobile Group of China Automotive Engineering Institute Sign Strategic Cooperation Agreement for Autonomous Driving and Cockpit Electronics Development
LAS VEGAS, Jan. 9, 2018 /PRNewswire/ — Visteon Corporation (Nasdaq: VC), a global leader in automotive cockpit electronics, today signed a strategic cooperation agreement with Guangzhou Automobile Group Co., Ltd. Automotive Engineering Institute (GAC Engineering), a leading China-based vehicle manufacturer, to develop and deploy autonomous driving and other cockpit electronics solutions. Under the agreement, both companies will collaborate on the development… Continue reading Visteon and Guangzhou Automobile Group of China Automotive Engineering Institute Sign Strategic Cooperation Agreement for Autonomous Driving and Cockpit Electronics Development
Renault-Nissan-Mitsubishi launches a venture capital fund to invest up to $1 billion over five years
Alliance ventures to prioritize next-generation mobility with $200 million year-one funding New entity to act as main interface for start-ups, investors and the venture capital ecosystem Fund prioritizes open innovation in new mobility, including electrification, autonomous systems, connectivity and artificial intelligence First deal to be a strategic investment in Ionic Materials, a US company developing… Continue reading Renault-Nissan-Mitsubishi launches a venture capital fund to invest up to $1 billion over five years
Ford lays out grand vision for a self-driving car future
LAS VEGAS — Ford CEO Jim Hackett offered an ambitious vision for the automaker’s self-driving vehicle business strategy Tuesday, depicting a future that will be as much as about networks of cars and traffic signals as any particular models. Ford CEO James Hackett smiles while getting ready for an interview next to a self-driving delivery… Continue reading Ford lays out grand vision for a self-driving car future