Tag: M and A

LeddarTech Inc. and OPTIS Announce LiDAR Simulation Partnership

LeddarTech Inc. and OPTIS Announce LiDAR Simulation PartnershipPhillip Keane posted on January 27, 2018 | 857 views Virtual prototyping company OPTIS has announced a partnership with LeddarTech Inc., the developer and owner of Leddar, a patented digital signal processing technology used in automotive solid-state LiDARs. The partnership will see the development of LiDAR simulation software geared… Continue reading LeddarTech Inc. and OPTIS Announce LiDAR Simulation Partnership

DriveNow will be owned by BMW alone

BMW buys the partner Sixt their shares in the joint car sharing provider DriveNow from. The move could pave the way for a possible merger of BMW and Daimler car sharing services. Getty Images DriveNow Mini Monday, 29.01.2018 14:41 clock The car-sharing service DriveNow should in the future belong to BMW alone. The car rental… Continue reading DriveNow will be owned by BMW alone

Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate

• Exceeded Fourth-Quarter Earnings Per Share Guidance on Stronger Margins• Fourth-Quarter Reported Sales Up 9%; Organic Sales Up 6%, Driven by Strength in Aerospace Aftermarket, UOP, Advanced Materials, and Intelligrated• Segment Margin Expansion Driven by Strong Top-Line Growth, Productivity, and Repositioning Benefits• Fourth-Quarter Operating Cash Flow of $2.2B; Free Cash Flow of $1.8B, Conversion of… Continue reading Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate

J.D. Power Reaches Strategic Partnership with BitAuto on Digitization

SHANGHAI, Jan. 28, 2018 /PRNewswire/ — J.D. Power, the global leader in marketing data and analytics, today announced a strategic partnership with BitAuto, China’s leading consumer-facing automotive portal, to conduct joint research and develop big data and artificial intelligence. The collaboration will help leverage J.D. Power research and analytics capabilities and BitAuto’s data and technology strengths across… Continue reading J.D. Power Reaches Strategic Partnership with BitAuto on Digitization

16.5 million euros raised by Heetch

The VTC company made an international round that brought him a whopping $ 16.5 million. What will shade Uber? The readjustment was well received. After grazing the worst, the VTC Applying App, Heetch, seems to have found the right equation. This is at least think the spectacular fundraising, amounting to 16.5 million euros, closed by… Continue reading 16.5 million euros raised by Heetch

Lear Reports Record Fourth Quarter and Full Year 2017 Results

SOUTHFIELD, Mich., Jan. 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the fourth quarter and full year 2017.  Highlights include: Fourth Quarter 2017 Record sales of $5.4 billion, up 16% from a year ago Net income of $401 million and record… Continue reading Lear Reports Record Fourth Quarter and Full Year 2017 Results

Shell buying spree cranks up race for clean energy

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint. The scale of the buying spree pales in comparison to… Continue reading Shell buying spree cranks up race for clean energy

Volvo XC40 rides strong order numbers towards China launch

Volvo XC40 rides strong order numbers towards China launch   Volvo Cars’ first entry into the small premium SUV segment is proving popular among car buyers, with global XC40 orders already exceeding 20,000 units. Delivery of cars to dealers started earlier this month.   Following its successful introduction to European and American customers, the XC40… Continue reading Volvo XC40 rides strong order numbers towards China launch

Chinese Ride Hailing Firm Didi Sets Up AI Lab To Further Smart Transportation Research

China’s largest ride hailing firm Didi Chuxing has established a new artificial intelligence lab in Beijing to support its development on smart transportation technology. The lab, led by Didi’s vice president Ye Jieping, will focus on the AI sector including machine learning, natural language processing, speech recognition, machine vision, operations research and statistics to build… Continue reading Chinese Ride Hailing Firm Didi Sets Up AI Lab To Further Smart Transportation Research