Bosch continues to expand its digital supply chains

About Bosch The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). The company generated sales of 78.5 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As… Continue reading Bosch continues to expand its digital supply chains

Luminar Drives Expansion Into Automotive Market With Over $250 Million Total Raised

PALO ALTO, Calif.–(BUSINESS WIRE)–Luminar announced today it is entering the consumer automotive and commercial trucking markets with a sensing and perception platform called Iris, now backed by new major institutional and strategic investors. After three years of stealth development, the company also revealed its perception software built on its LiDAR sensing platform. A recent addition… Continue reading Luminar Drives Expansion Into Automotive Market With Over $250 Million Total Raised

Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley

Seres, the Chinese EV startup formerly known as SF Motors, is laying off 90 people in its Silicon Valley office, the company announced in a staff meeting held earlier today. The US launch of its first electric SUV, the SF5, is also now on hold, according to a recording of the meeting obtained by The… Continue reading Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley

Ford Looks to the Future in Europe: Business Redesigned for Profitability, Efficiency, More New EVs and SUVs

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Ford Looks to the Future in Europe: Business Redesigned for Profitability, Efficiency, More New EVs and SUVs

New operating model and organization in effect, including three customer-focused business groups for Commercial Vehicles, Passenger Vehicles, Imports
At least three new nameplates in the next five years, growing Ford’s utility vehicle line-up; electrification across the portfolio providing customer choice, delivering CO2 performance
Efficiency improvements across all operations, including streamlined organizational structure, provide foundation for improved business performance
Financial results in Europe on track to significantly improve for full year 2019

COLOGNE, Germany, June 27, 2019 – Ford is launching a new business model and fresh vehicle line-up as part of the most comprehensive redesign in the history of its business in Europe. The company also is on track to significantly improve its financial results in Europe this year, ..

Why Lyft investor Autotech Ventures won’t touch scooter companies – Business Insider

Autotech Ventures, a San Francisco-based firm with a portfolio valued at nearly $200 million, has made investments in almost every segment of the red-hot transportation space. The fund invested in Lyft three years before its initial public offering this year and has other bets in everything from electric-vehicle charging networks, self-driving-car sensors, and apps that… Continue reading Why Lyft investor Autotech Ventures won’t touch scooter companies – Business Insider

German automotive supplier ZF to deliver powertrain for Daimler’s new electric SUV

BERLIN, July 10 (Xinhua) — The powertrain components of Daimler's new electric SUV, the EQC, will come from German automotive supplier ZF Friedrichshafen AG, announced Wolf-Henning Scheider, chief executive officer (CEO) of ZF, in an interview with the newspaper Stuttgarter Zeitung on Wednesday.
Germany's third largest automotive supplier will provide the “complete driveline module” for Daimler's EQC family, from electric motors to single-gear transmissions with differentials, as well as the control software, Scheider explained.
The order placed by Daimler was “an important milestone,” Scheider said, but did not specify the volume of the powertrain order. It is up to Daimler to reveal any “details” of the deal, he said.
Last week, ZF already announced its “second largest single order” by Fiat Chrysler Automobiles (FCA) for eight-speed automatic transmissions, which “feature an integrated electric drive for hybrid variants.”
ZF's cooperation with FCA “confirms our s..

New strategy: By 2025 every second Audi sold should have a power drive

Production at Audi in Ingolstadt The brand has become from the winning machine to the problem case of the VW Group. (Photo: Audi) Munich, FrankfurtWhen this Thursday the supervisory boards of Volkswagen come together in Wolfsburg, then the daughter Audi become a topic. The former winning machine is now the largest problem case of the… Continue reading New strategy: By 2025 every second Audi sold should have a power drive

NIO Inc. Provides Second Quarter 2019 Delivery Update

Delivered 3,553 ES8 and ES6 vehicles in the second quarter of 2019 Delivered 1,340 vehicles in June 2019, including 927 ES8s and 413 ES6s Cumulative deliveries of ES8 and ES6 reached 18,890 SHANGHAI, China, July 10, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market,… Continue reading NIO Inc. Provides Second Quarter 2019 Delivery Update

New strategy: Audi plans a sharp turn to electromobility

Production at Audi in Ingolstadt The brand has become from the winning machine to the problem case of the VW Group. (Photo: Audi) Munich, FrankfurtWhen this Thursday the supervisory boards of Volkswagen come together in Wolfsburg, then the daughter Audi become a topic. The former winning machine is now the largest problem case of the… Continue reading New strategy: Audi plans a sharp turn to electromobility