Tag: Financial Results

On the radar: Nissan stays cool on lidar tech, siding with Tesla

YOKOHAMA (Reuters) – Nissan Motor Co Ltd said on Thursday it would, for now, stick to self-driving technology which uses radar sensors and cameras, avoiding lidar or light-based sensors because of their high cost and limited capabilities. FILE PHOTO: A Nissan logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March… Continue reading On the radar: Nissan stays cool on lidar tech, siding with Tesla

UPDATE 2-Tesla’s New York solar factory making other products in bid to boost jobs

(Reuters) – Tesla Inc on Wednesday said its solar factory in Buffalo, New York, would become the “manufacturing home” for its electric vehicle Supercharger cabinets and other energy storage products as it seeks to meet employment targets tied to state subsidies. FILE PHOTO: A worker is seen outside the Tesla Inc. Gigafactory 2, which is… Continue reading UPDATE 2-Tesla’s New York solar factory making other products in bid to boost jobs

Tesla says solar factory will now make EV chargers and other products

FILE PHOTO: A worker is seen outside the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles in Buffalo, New York, U.S., August 2, 2018. REUTERS/Brendan McDermid/ File Photo (Reuters) – Tesla Inc said on Wednesday its solar factory in Buffalo, New… Continue reading Tesla says solar factory will now make EV chargers and other products

India’s ride-hailing firm Ola is now in the credit card business, too

A day after India’s largest wallet app Paytm entered the credit cards business, local ride-hailing giant is following suit. Ola has inked a deal with state-run SBI bank and Visa to issue as many as 10 million credit cards in next three and a half years, it said today. The move will help Visa and… Continue reading India’s ride-hailing firm Ola is now in the credit card business, too

Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weigh

YOKOHAMA (Reuters) – Nissan Motor Co forecast a 28% plunge in its annual operating profit, putting it on course for the weakest earnings in 11 years and underscoring its struggle to turn the page after former Chairman Carlos Ghosn was ousted. The lackluster outlook from Japan’s No.2 automaker – hit by Ghosn’s arrest last year… Continue reading Nissan set for weakest profit in 11 years as Ghosn woes, bleak sales weigh

Innovations for a Clean Mobility Mix

In the world of powertrain systems, variety is the watchword: Continental supports unlimited clean mobility for every car driver and every individual user profile World’s first ring catalyst turbocharger further boosts engine efficiency in hybrids In harness with EMICAT electrical heating technology the ring catalyst turbocharger realizes emission robustness while simultaneously reducing the carbon footprint… Continue reading Innovations for a Clean Mobility Mix

Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2018

At the Annual General Meeting 2019, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.98 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay a dividend of 4.80 (3.90) EUR per ordinary share and 4.86 (3.96) EUR per preferred share for fiscal year 2018. Approximately 2.4… Continue reading Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2018

Bird’s-AI View: Harnessing Drones to Improve Traffic Flow

Traffic. It’s one of the most commonly cited frustrations across the globe. It consumed nearly 180 hours of productive time for the average U.K. driver last year. German drivers lost an average of 120 hours. U.S. drivers lost nearly 100 hours. Because time is too precious to waste, RCE Systems — a Brno, Czech Republic-based… Continue reading Bird’s-AI View: Harnessing Drones to Improve Traffic Flow