Consumers today are used to having things their own way. Whether it’s recommendations on Netflix and Spotify, or bespoke shopping experiences on Amazon and ASOS, the customer experience is all-important. The automotive industry is no exception. As cars continue to become safer, more comfortable, and more environmentally friendly, the purchasing experience should also evolve. Various… Continue reading @Tata-JLR: Alex Smout, Principal at InMotion Ventures, speaks to Automotive World about transforming the customer buying experience
Tag: Financial Results
BorgWarner’s All-New 800-Volt Integrated Electric Drive Module Drives Leading Chinese NEV Brands Forward
– 800-Volt integrated drive module (iDM) features high-voltage silicon carbide inverter – The new highly integrated and efficient iDM220 delivers superior performance – Enables global automakers to produce cleaner, more efficient vehicles AUBURN HILLS, Mich., Feb. 15, 2022 /PRNewswire/ — BorgWarner has secured a contract with a Chinese luxury new energy vehicle (NEV) brand to… Continue reading BorgWarner’s All-New 800-Volt Integrated Electric Drive Module Drives Leading Chinese NEV Brands Forward
Mundimoto raises $22.6M to expand online used motorcycle platform into Europe
Mundimoto, an online motorcycle buying and selling startup, has raised $22.6 million (€20 million) to expand its platform beyond its home country of Spain and into Europe, starting with Italy and Holland. The company plans to hire 50 engineers and 250 new employees to advance the technology product and support international expansion. The round was… Continue reading Mundimoto raises $22.6M to expand online used motorcycle platform into Europe
NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
NIO Inc. (NIO) closed the most recent trading day at $23.79, moving -1.29% from the previous trading session. This change lagged the S&P 500’s daily loss of 0.38%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.05%. Prior to today’s trading, shares of the company had lost 22.13% over the past month. This… Continue reading NIO Inc. (NIO) Dips More Than Broader Markets: What You Should Know
Daimler Truck adopts Siemens’ Xcelerator to shape the future of CO2-neutral transport
Daimler Truck plans to use Simcenter STAR-CCM+ to improve aerodynamic performance, as well as explore and optimize innovative e-mobility propulsion and energy management systems including battery cooling and hydrogen technology. The software will also help support legacy combustion engine and exhaust system design and associated CO2 reduction. In addition to software, Siemens and Daimler Truck… Continue reading Daimler Truck adopts Siemens’ Xcelerator to shape the future of CO2-neutral transport
Senmiao Technology Reports Fiscal 2022 Third Quarter Financial Results
CHENGDU, China, Feb. 15, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced financial results for the fiscal 2022 third quarter ended December 31, 2021. Additional information regarding Senmiao’s results… Continue reading Senmiao Technology Reports Fiscal 2022 Third Quarter Financial Results
BorgWarner to Provide Leading Chinese OEM with 800V SiC Inverters
AUBURN HILLS, Mich., Feb. 15, 2022 /PRNewswire/ — BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions to the vehicle market, is empowering a leading Chinese original equipment manufacturer (OEM) to launch a new, high-end battery electric vehicle (BEV) platform by providing its 800V silicon carbide (SiC) inverters. The inverters will be featured on… Continue reading BorgWarner to Provide Leading Chinese OEM with 800V SiC Inverters
Financial information at December 31, 2021
Financial information at December 31, 2021 The Michelin Group delivered segment operating income of €2,966 million and a margin back in line with 2019, at 12.5%, demonstrating once again its strength and business model resilience. Sales rose by 16.3% to €23,795 million and segment operating income stood at €2,966 million, or 12.5% of sales: Tire… Continue reading Financial information at December 31, 2021
Toyota’s Ontario plants remain closed after trucker protests
WASHINGTON (Reuters) — Toyota Motor Corp. said Monday it has not yet resumed production at its three manufacturing lines in Ontario even after a key U.S.-Canadian bridge reopened. The Japanese automaker’s plants in Ontario, where it builds its best-selling RAV4 sport utility vehicle, have halted production since Thursday because of parts shortages stemming from the… Continue reading Toyota’s Ontario plants remain closed after trucker protests
Canoo to Announce Fourth Quarter and Full Year 2021 Financial Results
JUSTIN, Texas, Feb. 14, 2022 /PRNewswire/ — Canoo Inc. (Nasdaq: GOEV), a company developing breakthrough purpose-built electric vehicles (EVs) with a proprietary and highly versatile platform architecture, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2021 after market close on Monday, February 28,… Continue reading Canoo to Announce Fourth Quarter and Full Year 2021 Financial Results