CLOSE We sit down with Jim Hackett, Ford Motor Company’s new CEO, to talk about his new position and the company’s future. Kimberly P. Mitchell/Detroit Free Press Ford China CEO and chairman Jason Luo, who began his job just a few months ago, has resigned. (Photo: Key Safety Systems) Ford China CEO and chairman Jason… Continue reading Ford China CEO shocks investors with resignation; company officials focus on future
Tag: Strategy
Engine production at Nissan’s Resende plant in Brazil reaches 200,000
This milestone shows that the Resende plant is helping Nissan grow in Latin America RESENDE, Brazil – A major milestone was achieved this week by Nissan’s Resende Industrial Complex, in Rio de Janeiro State in Brazil. Less than four years since start of operations, Nissan’s plant in Brazil has produced its 200,000th engine – a… Continue reading Engine production at Nissan’s Resende plant in Brazil reaches 200,000
Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business
PLYMOUTH, Mich., Jan. 29, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced first quarter earnings. Q1 GAAP net income and EPS diluted of $(216) million and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06 Q1 Adjusted-EBIT of $163 million (margin of 3.9%) Cash and cash equivalents of $390 million at December… Continue reading Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business
At a glance: Electric initiative at Mercedes-Benz Cars
Video-Link: https://youtu.be/AiplVDi1_nM [embedded content] In 2017, Mercedes-Benz Cars set important strategic course for electromobility: Electric hubs for the production of electric vehicles and batteries are currently being built around the globe. By 2022, Daimler will electrify the entire portfolio of Mercedes-Benz, offering customers at least one electrified alternative in all Mercedes-model series. The company is… Continue reading At a glance: Electric initiative at Mercedes-Benz Cars
MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS
SAILAUF, Germany, Jan., 29th 2018 Stricter emission legislation has become one of the major challenges for global car manufacturers. To help achieve these emission goals and to improve the dynamic driving experience, Magna will support the BMW Group´s large-volume transverse vehicle platform (UKL) with its third generation dual-clutch transmissions (DCT), the GETRAG 7DCT300. BMW Group´s… Continue reading MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS
DriveNow becomes wholly-owned subsidiary of BMW Group
Munich. With the acquisition of Sixt SE’s stake in DriveNow, the BMW Group continues its systematic development as a customer-centric mobility company. Today’s signing is subject to approval by antitrust authorities. With this move, the world’s leading provider of premium mobility is offering customers efficient, sustainable mobility solutions from a single source. The rapidly growing… Continue reading DriveNow becomes wholly-owned subsidiary of BMW Group
LeddarTech Inc. and OPTIS Announce LiDAR Simulation Partnership
LeddarTech Inc. and OPTIS Announce LiDAR Simulation PartnershipPhillip Keane posted on January 27, 2018 | 857 views Virtual prototyping company OPTIS has announced a partnership with LeddarTech Inc., the developer and owner of Leddar, a patented digital signal processing technology used in automotive solid-state LiDARs. The partnership will see the development of LiDAR simulation software geared… Continue reading LeddarTech Inc. and OPTIS Announce LiDAR Simulation Partnership
Didi Chuxing aims to be smart transportation provider
Cheng Wei, founder and CEO of Didi Chuxing, gave a speech at a smart transportation summit held in Beijing on Jan 25, 2018. [Photo provided to chinadaily.com.cn] Chinese ride-hailing juggernaut Didi Chuxing is now targeting AI and smart transportation innovation, as part of its broader efforts to build a comprehensive mobility platform as well as… Continue reading Didi Chuxing aims to be smart transportation provider
Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate
• Exceeded Fourth-Quarter Earnings Per Share Guidance on Stronger Margins• Fourth-Quarter Reported Sales Up 9%; Organic Sales Up 6%, Driven by Strength in Aerospace Aftermarket, UOP, Advanced Materials, and Intelligrated• Segment Margin Expansion Driven by Strong Top-Line Growth, Productivity, and Repositioning Benefits• Fourth-Quarter Operating Cash Flow of $2.2B; Free Cash Flow of $1.8B, Conversion of… Continue reading Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate
Alibaba, Foxconn, IDG Lead $348M Investment In Chinese Smart Car Maker Xiaopeng Motors
Chinese electric vehicle maker Xiaopeng Motors has raised RMB2.2 billion (US$348 million) in a series B round led by Alibaba Group Holding Ltd., IDG Capital and Taiwanese electronics manufacturer Hon Hai Precision Industry Co., Ltd., also known as Foxconn. Jack Ma-backed Yunfeng Capital, Apoletto Asia, CICC, and existing investors GGV Capital, Matrix Partners China and Morningside Venture… Continue reading Alibaba, Foxconn, IDG Lead $348M Investment In Chinese Smart Car Maker Xiaopeng Motors