BMW Group and Valeo are taking their long-existing relationship to the next level with a new partnership. After the announcement of their collaboration for ADAS domain controller, sensors and software for parking and maneuvering for BMW’s upcoming platform generation ‘Neue Klasse’, they have announced their cooperation for the co-development of fully automated parking technologies up… Continue reading BMW and Valeo to co-develop next-gen Level 4 automated parking tech
Tag: Strategy
Commercial Unmanned Aerial Systems for the Mining Industry 2022: Development Efforts Toward Fully Autonomous Operations Create Transformational Growth Opportunities
DUBLIN, Feb. 14, 2023 /PRNewswire/ — The “Commercial Unmanned Aerial Systems for the Mining Industry” report has been added to ResearchAndMarkets.com’s offering. This study examines the current state of the global commercial unmanned aerial systems (UAS) market for the mining industry, highlighting the main factors contributing to growth. Similar to other UAS markets, commercial UAS for… Continue reading Commercial Unmanned Aerial Systems for the Mining Industry 2022: Development Efforts Toward Fully Autonomous Operations Create Transformational Growth Opportunities
Hyundai Mobis Enhances Shareholder Value Through Preemptive Investment and Shareholder Returns
Announced 2023 Shareholder Value Maximization Policy, including the plan to purchase KRW 150 billion worth of treasury shares, which will all be cancelled. To secure additional cash to gain a competitive edge in future business and combat global uncertainties through external investment. To establish a BOD with diversity, expertise, and independence. SEOUL, South Korea, Feb.… Continue reading Hyundai Mobis Enhances Shareholder Value Through Preemptive Investment and Shareholder Returns
From the archive: on this day in 1992
Like Toyota now, Nissan was enjoying a golden era in the late ’80s and early ’90s and showing off with great performance cars. Having homologated the new Mk7 Sunny for Group A rallying with the scorching GTi-R in 1990, the Japanese firm set to work on a hot hatch for all, rivalling Honda’s Civic VTi… Continue reading From the archive: on this day in 1992
Cummins Inc. Declares Quarterly Common Stock Dividend
COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.57 dollars per share, payable on March 9, 2023, to shareholders of record on February 24, 2023. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business segments that design,… Continue reading Cummins Inc. Declares Quarterly Common Stock Dividend
New Zealand Uber drivers begin collective bargaining for first time
Uber drivers in New Zealand will be pushing for better pay and working conditions through their first-ever collective agreement with the company. Earlier this week, national trade union First Union initiated collective bargaining with Uber. According to New Zealand employment law, if a party receives a notice to initiate bargaining, they are required to enter.… Continue reading New Zealand Uber drivers begin collective bargaining for first time
Aircraft engines market size in America will grow by USD 7,573.11 million; Driven by growing urbanization and increasing global passenger traffic – Technavio
NEW YORK, Feb. 14, 2023 /PRNewswire/ — The aircraft engines market size in America is forecast to increase by USD 7,573.11 million from 2022 to 2027, at a CAGR of 5.63%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued… Continue reading Aircraft engines market size in America will grow by USD 7,573.11 million; Driven by growing urbanization and increasing global passenger traffic – Technavio
Group 1 Automotive Board Approves Increase to 2023 Dividend Rate and Declares Quarterly Dividend
HOUSTON, Feb. 14, 2023 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI) (“Group 1” or the “Company”), an international, Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., today announced its board of directors has approved an increase in the 2023 annual dividend rate to $1.80 per share. This increase represents a 20%, or… Continue reading Group 1 Automotive Board Approves Increase to 2023 Dividend Rate and Declares Quarterly Dividend
Ford Europe to cut 3,800 jobs as automaker pivots to electric vehicles
Ford Europe announced Tuesday plans to slash 3,800 hourly and salaried jobs in Europe over three years, eliminating mostly people who work in product development, as the automaker pivots from gas-powered to all-electric vehicles. This is the latest move that reflects Ford’s talent transition from internal combustion engines to electric vehicles and technology. In the… Continue reading Ford Europe to cut 3,800 jobs as automaker pivots to electric vehicles
Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
watch now Elon Musk remarked that he wouldn’t mind Tesla going bankrupt if it means a rival company builds a better car, according to a member of the firm’s board. “I disagree whenever Elon says I don’t mind Tesla getting into bankruptcy if somebody else comes up with a better car,” Hiromichi Mizuno, former chief… Continue reading Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’