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
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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
Lyft investigates claims staff abused access to customer data
A user posted on the anonymous app Blind claiming that Lyft employees abused their access to customer data, from gathering info on exes to acquiring Mark Zuckerberg’s personal info. A Lyft spokesperson confirmed to The Information that the company is investigating whether these incidents occurred. Source: The Information
Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China
1.25.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, reinforces its presence in China by signing a strategic Joint Venture (JV) Agreement. Gestamp has signed a JV Agreement with Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP), a Chinese company specialized in auto components,… Continue reading Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China
Mobike said to have raised $1b after failed merger talks with rival Ofo
January 25, 2018 Bike-sharing startup Mobike has stuffed its coffers with additional funds that it can use to further gain control of the booming bike-sharing sector, after talks of a merger with key rival Ofo were abandoned. A Caixin Global report said the dockless Shanghai-headquartered bike-sharing company secured close to $1 billion in its latest… Continue reading Mobike said to have raised $1b after failed merger talks with rival Ofo
Via revolutionizes transportation in Australia with on-demand shared rides
Published January 14, 2018 4:53 pm, Via NYC Via revolutionizes transportation in Australia with on-demand shared rides Via, the leading developer of shared ride technology, is launching a new app-based on demand service in Newcastle, Australia, in partnership with Keolis Downer, proud operator of Newcastle Transport. The new service is a first of its kind… Continue reading Via revolutionizes transportation in Australia with on-demand shared rides
Ford Realigns Mobility Group; Acquiring Autonomic, TransLoc to Accelerate Growth
The Ford Mobility team is accelerating and expanding its activities in 2018 to deliver a broad suite of mobility products and services to personal vehicle owners, fleet owners and cities globally Ford is enabling an increase in speed and scale through four newly established, integrated teams that will deliver new business innovation, business scaling and… Continue reading Ford Realigns Mobility Group; Acquiring Autonomic, TransLoc to Accelerate Growth
ZF Friedrichshafen picks Mahle CEO as new chief
Scheider is currently the CEO of auto parts supplier Mahle. Automotive supplier ZF Friedrichshafen has picked Wolf-Henning Scheider as its new chief executive, online publication manager-magazin.de reported on Thursday, citing no sources. Scheider will replace Stefan Sommer, who stepped down with immediate effect last month, the online outlet of monthly said. Scheider is currently the… Continue reading ZF Friedrichshafen picks Mahle CEO as new chief