Adoption of autonomous features will create new growth opportunities for start-ups, says Frost & Sullivan SAN ANTONIO, Oct. 25, 2022 /PRNewswire/ — The transition from advanced driver assistance systems (ADAS) to autonomous driving (AD) has encouraged original equipment manufacturers (OEMs) to partner with start-ups to develop hardware and software capabilities. Frost & Sullivan’s recent analysis… Continue reading Global Demand for Autonomous Vehicles Encourages Alliances with Start-ups
Tag: Strategy
65 Equity Partners Invests $150 Million in Cityneon: Group to Rebrand to Neon
SINGAPORE, Oct. 25, 2022 /PRNewswire/ — Cityneon Holdings (“Cityneon”, the “Company”/collectively with its subsidiaries, the “Group”), welcomes a fresh investment of S$150 million from 65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings. Cityneon concluded a round of private funding that raised S$235 million last April, and the collective funds raised will be… Continue reading 65 Equity Partners Invests $150 Million in Cityneon: Group to Rebrand to Neon
Gallery
TOKYO, Oct 26 (Reuters) – Toyota Motor Corp resumed taking leasing orders for its first mass-produced electric vehicle (EV) in Japan on Wednesday, halving a one-time fee to attract interest in a car that suffered a safety recall after just two months on the market. The automaker said the bZ4X crossover is available through lease… Continue reading Gallery
Allison Poised for Growth in South American Agriculture Sector with Record Sales in Argentina and Recent Entry to Brazil
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, has secured 80% market share of agriculture sprayer transmissions in Argentina since entering the market in 2015. Allison has now also successfully entered this sector in Brazil, which has traditionally relied on hydrostatic and manual transmissions, with… Continue reading Allison Poised for Growth in South American Agriculture Sector with Record Sales in Argentina and Recent Entry to Brazil
GM reports revenue and income surge, but challenges remain
General Motors released its third-quarter earnings results Tuesday. Here are the key takeaways: The quarter in a snapshot The automaker that owns the Chevrolet, Buick, GMC and Cadillac brands reported a $15 billiongain in revenue to $42 billion compared with the year-ago quarter as parts constraints loosened and new-vehicle inventory improved. GM said its net… Continue reading GM reports revenue and income surge, but challenges remain
New Zealand Uber drivers win case declaring them employees
A group of Uber drivers in New Zealand won a landmark case Tuesday against the ride-hail company which will force Uber to treat them as employees, rather than independent contractors. New Zealand’s employment court decision only applies to four drivers who were part of a class action lawsuit filed last July, but the ruling may… Continue reading New Zealand Uber drivers win case declaring them employees
Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
2023 Ford Escape ST-Line Elite Ford DETROIT — Ford Motor is updating its popular Escape as part of a two-pronged sales strategy alongside the newer, more rugged Bronco Sport in the highly competitive compact SUV segment. Ford expects the new design of the 2023 Escape, in combination with additional convenience and safety technologies, to help… Continue reading Ford unveils 2023 Escape to sell alongside Bronco Sport in highly competitive compact SUV segment
France enters ‘white gold’ rush as top producer aims to supply Europe with lithium
A Lithium-ion battery photographed at a Volkswagen facility in Germany. The EU is looking to increase the number of electric vehicles on its roads in the coming years. Ronny Hartmann | AFP | Getty Images Paris-headquartered minerals giant Imerys plans to develop a lithium extraction project that it’s hoped will help meet demand and secure… Continue reading France enters ‘white gold’ rush as top producer aims to supply Europe with lithium
Electric truck maker Via Motors eyes HQ move from Utah to Auburn Hills
Via Motors, an electric vehicle manufacturer, is considering relocating its headquarters from Utah to Auburn Hills to grow its production, move that would add 300 jobs in Michigan. The company detailed its plan in a request for a $2.5 million Michigan Business Development Program grant, which the Michigan Strategic Fund board approved Tuesday. The jobs… Continue reading Electric truck maker Via Motors eyes HQ move from Utah to Auburn Hills
Magna gets $10.2M in state grants to expand in Michigan, add 1,500 jobs
The Michigan Strategic Fund board approved Tuesday a total $10.2 million in state program grants for Magna International Inc. as the automotive supplier seeks to expand its footprint in Michigan and create more than 1,500 jobs. Companies under Magna International, Inc. applied for two new Michigan Business Development Program grants for projects in Highland Park… Continue reading Magna gets $10.2M in state grants to expand in Michigan, add 1,500 jobs