Financial Results – Page 8684 – I wish I had more to offer

Self-driving trucks begin mail delivery test for U.S. Postal Service

(Reuters) – The U.S. Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, a step forward in the effort to commercialize autonomous vehicle technology for hauling freight. The TuSimple self-driving truck is pictured in this undated handout photo obtained by Reuters May 20, 2019. TuSimple/Handout via REUTERS… Continue reading Self-driving trucks begin mail delivery test for U.S. Postal Service

Solutions for More Efficient Electromobility

At the EVS32 Continental presents technology which extends the range of electric vehicles A new Thermal Management research vehicle is exhibited for the first time to demonstrate how managing heat intelligently can help to extend the range Artificial Intelligence (AI) is employed to design more efficient fuel cell systems Lyon, Regensburg. May 21, 2019. As… Continue reading Solutions for More Efficient Electromobility

Daimler plans to cut administration costs by 20%: Report

Kaellenius said earlier this month that Daimler will cut development costs of new Mercedes-Benz cars. FRANKFURT: Incoming Daimler boss Ola Kaellenius is working on a cost cut programme to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. Kaellenius, who will take… Continue reading Daimler plans to cut administration costs by 20%: Report

Electric cars still to win over drivers

Only one in four people would consider buying a fully electric car in the next five years. That is the finding of one of the most comprehensive studies into UK consumers and pure electric vehicles. There has been a renewed focus on the climate and environment recently. The reluctance of British drivers to embrace cleaner… Continue reading Electric cars still to win over drivers

Edited Transcript of LEVE3.SA earnings conference call or presentation 13-May-19 12:30pm GMT – Yahoo Finance

Full Year 2018 Mahle Metal Leve SA Earnings Call May 20, 2019 (Thomson StreetEvents) — Edited Transcript of Mahle Metal Leve SA earnings conference call or presentation Monday, May 13, 2019 at 12:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Jan-Frederek Thiele * Philipp Kuckuck ================================================================================ Presentation ——————————————————————————– Operator [1] ——————————————————————————– Good… Continue reading Edited Transcript of LEVE3.SA earnings conference call or presentation 13-May-19 12:30pm GMT – Yahoo Finance

2018 BMW i3 recalled for circuit-board issue causing sudden shutdowns

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2018 BMW i3
Some BMW i3 models from the 2018 model year are being recalled for an issue that could cause sudden power loss and shutdown.

At root of the issue is a printed circuit board, part of the Electric Motor Electronics (EME) module, that may not have been made to specifications. The issue could cause the lack of electrical contact, causing the EME module to shut down high-voltage electrical power after detecting the condition.

The issue affects 134 BMW i3 REx vehicles and just 25 i3 BEV vehicles. That covers a specific range of build dates in January for the REx and in January and February 2018 for the BEV.

CHECK OUT: 2019 BMW i3 to get bigger battery with 153-mile range

According to paperwork filed by BMW, the circuit board “may not have undergone a sufficient cleaning process during Tier-2 supplier production.”

2018 BMW i3

BMW cites “several field incidents” as leading to the discovery of the issue but is not aware of any accidents or injuries stemming from the issue.

The i3, and especially the i3 REx, have been affected by several significant recalls over the past couple of years:

Last October BMW issued a recall for the charge cords of nearly all 2018 and 2019 plug-in vehicles it built for sale in the U.S.—including the i3.
In 2017 it recalled 19,130 i3 REx models from the 2014 through 2017 model years for an issue with the fuel vent.
BMW also in late 2017 recalled more than 30,000 i3 it had then sold in the U.S. from the 2014 through 2018 model years to reprogram the airbag to accommodate drivers not wearing their seatbelt [yes, still a U.S. requirement].
Under this new recall, dealers will replace the EME module on affected cars. The effort will start around June 7, 2019, and owners will be notified. Those with questions or concerns can call BMW at 800-525-7417.

William Clay Ford Jr.

As Executive Chairman of Ford Motor Company, William Clay Ford Jr. is leading the company that put the world on wheels into the 21st century. He joined the Board of Directors in 1988 and has been its chairman since January 1999. Through the years, his vision for the company has remained unchanged. “I believe the… Continue reading William Clay Ford Jr.

One of the largest European telematics providers joins Michelin Group

Clermont-Ferrand, France, 17-May-2019 — /EuropaWire/ — Michelin signed an agreement to acquire the entire share capital of Masternaut, one of the largest European telematics providers. The acquisition is in line with the Group’s development strategy in the Services & Solutions business and leveraging the experience it has gained following the Sascar and NexTraq acquisitions in America.

Masternaut provides a technical platform equipped with the latest technology. The company offers on-board telematics solutions to optimize vehicle fleet management and monitoring. Masternaut manages over 220,000 mostly light utility vehicles under contract. It operates mainly in France and the United Kingdom. The transaction has been made on the basis of 8 times 2018 Ebitda before synergies.

The acquisition will speed up the development of Michelin‘s Services & Solutions business for light vehicles and support the booming fleet market. The deal will also enable Masternaut to roll out its offering across the whole of Europe by taking advantage of the Michelin network’s geographical coverage. The acquisition will also increase the volume of data captured, allowing Michelin to offer its customers the best solutions, improve product performance and develop its data science deployments, such as predictive maintenance.

Florent Menegaux, Managing General Partner, comments: “Michelin is consolidating its expertise in telematics, enabling us to optimize customer mobility and respond to the needs of a changing market. Masternaut represents a further step in the expansion of our Services & Solutions business, especially in Europe and for light vehicle fleets.”

SOURCE: MICHELIN

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GM’s car-sharing service is pulling out of eight cities, including Chicago and NYC

Maven, the car-sharing service owned by General Motors, is ending operations in several major North American cities. According to The Wall Street Journal, the mobility brand will wind down service in eight of the 17 cities in which it operates, including Boston, Chicago, and New York City. Maven will continue to operate in Detroit, Los… Continue reading GM’s car-sharing service is pulling out of eight cities, including Chicago and NYC

Honda, GM blockchain project to examine how EV owners could earn revenue from smart grids

Honda and GM have joined forces in a new research project that aims to examine how electric cars and smart grids can work together in the future, with EV owners possibly leveraging their car batteries into new streams of revenue. The project hopes to determine if electric vehicles can be used to stabilize the power… Continue reading Honda, GM blockchain project to examine how EV owners could earn revenue from smart grids