PRESS RELEASE25 June 2021 Renault Group and STMicroelectronics enter strategic cooperation on power electronics Renault Group selects STMicroelectronics as key innovation partner, securing the supply of electric and hybrid vehicle advanced power semiconductors to be produced from 2026. STMicroelectronics will develop custom-made products and solutions to further improve the efficiency of Renault Group’s electric and… Continue reading RENAULT GROUP: Renault Group and STMicroelectronics enter strategic cooperation on power electronics
Tag: Strategy
Eaton Acquires a 50 Percent Stake in Jiangsu YiNeng Electric’s Busway Business
DUBLIN, June 25, 2021–(BUSINESS WIRE)–Power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of a 50 percent stake in Jiangsu YiNeng Electric’s busway business, which manufactures and markets busway products in China and had sales of $60 million in 2020. “This strategic agreement with YiNeng marks an exciting milestone for both of… Continue reading Eaton Acquires a 50 Percent Stake in Jiangsu YiNeng Electric’s Busway Business
Dana Named a Supplier of the Year by General Motors for Driveline and Sealing Solutions
MAUMEE, Ohio, June 25, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) was named a 2020 General Motors’ Supplier of the Year for its driveline technologies and sealing solutions – the two product categories in which the company was eligible. Announced during the 29th annual awards, the 2020 Supplier of the Year Award winners were selected… Continue reading Dana Named a Supplier of the Year by General Motors for Driveline and Sealing Solutions
Ford Motor Co. loses chief technology officer Ken Washington to Amazon
Ford Chief Technology Officer Ken Washington is leaving the Dearborn automaker to take a job with Amazon, the Free Press has learned. “Ken and Ford announced his plans to employees on Monday,” said Ford spokesman T.R. Reid. “This interim transition is well planned. Ken will be taking a role as vice president of software engineering at Amazon… Continue reading Ford Motor Co. loses chief technology officer Ken Washington to Amazon
Mullen Group Ltd. Announces the Closing of Two Acquisitions
OKOTOKS, AB, June 24, 2021 /PRNewswire/ – (TSX: MTL) Mullen Group Ltd. (“Mullen Group“, “We“, “Our” and/or the “Corporation“) is pleased to announce the closing of the previously announced acquisition of APPS Transport Group Inc. (“APPS“) and the businesses: APPS Cartage Inc. and APPS Cargo Terminals Inc. following the successful receipt of all regulatory approvals. Also in June,… Continue reading Mullen Group Ltd. Announces the Closing of Two Acquisitions
@VW Group: More international, electric and digital – ŠKODA AUTO presents its new corporate strategy003351
ŠKODA AUTO CEO Thomas Schäfer explains, “With our new NEXT LEVEL – ŠKODA STRATEGY 2030, we are providing specific answers on how we will successfully steer ŠKODA AUTO through the transformation process and ensure that the company will be in an even stronger position in 2030 than it is today. The brand has incredible potential.… Continue reading @VW Group: More international, electric and digital – ŠKODA AUTO presents its new corporate strategy003351
@BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
Mountain View, CA -June 24, 2021… BMW i Ventures announced today an investment in Kodiak Robotics, Inc., a leading developer of self-driving long-haul trucking technology. The funds from the BMW i Ventures investment help Kodiak expand its team and fleet, as well as continue to develop its industry-leading self-driving technology purpose-built for long-haul trucks. Kodiak is… Continue reading @BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
Marelli and 1NCE to develop telemetry solutions for motorsport
Marelli Motorsport, the motorsport business unit of global automotive supplier Marelli, and 1NCE, the world’s first full-fledged operator of IoT network services, are joining forces to develop new real-time tracking solutions in the world of motorsport. Marelli Motorsport develops electronic and electro-mechanical systems for two- and four-wheel racing vehicles, supplying all the top teams in… Continue reading Marelli and 1NCE to develop telemetry solutions for motorsport
Lear Named by General Motors as a 2020 Supplier of the Year and Overdrive Award Winner
SOUTHFIELD, Mich., June 24, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it was recognized as a GM Supplier of the Year during General Motors’ 29th annual Supplier of the Year ceremony. This is the 20th time Lear has received the Supplier of the Year… Continue reading Lear Named by General Motors as a 2020 Supplier of the Year and Overdrive Award Winner
Ford acquires fleet charging specialist Electriphi
Charging management for commercial fleets is one of the hottest topics in the EV world today. So, as Ford stakes out a position in the commercial EV market with its new Ford Pro business unit, it’s only logical that it is seeking to deepen its infrastructure expertise by acquiring Electriphi, a provider of charging management… Continue reading Ford acquires fleet charging specialist Electriphi