Kia Motors Iberia reported today that it has reached an agreement with Cetelem Spain, a subsidiary of BNP Paribas, so that it will be in charge of financing the sale of its vehicles in the next three years (starting in 2018). Kia Motors Iberia has a network of eighty-one dealers in Spain. On January 4,… Continue reading Kia Spain chooses Cetelem as its financier
Tag: M and A
Mazda, Toyota select Alabama for new U.S. auto manufacturing plant
2018/01/11 Company Information Investment to reach $1.6 billion for facility that will employ up to 4,000, open in 2021 Montgomery, Alabama (January 10, 2018) – Alabama Governor Kay Ivey and Huntsville Mayor Tommy Battle joined Mazda (MZDAF) and Toyota (NYSE: TM) leaders today to announce the automakers have selected Huntsville, Alabama as the site of… Continue reading Mazda, Toyota select Alabama for new U.S. auto manufacturing plant
AAA will test Torc’s self-driving cars to build out safety criteria
The American Automobile Association is doing work to help ensure it remains relevant in a future age of autonomous driving, and its latest partner in that effort is Torc Robotics, a self-driving technology company with loads of experience in automating heavy machinery and commercial equipment that’s now applying its expertise to the consumer market. At… Continue reading AAA will test Torc’s self-driving cars to build out safety criteria
Automotive Sector Deal between government and industry is announced
An Automotive Sector Deal between government and the automotive industry has today been announced by the Business and Energy Secretary Greg Clark. The deal aims to build on the unique strengths of the UK automotive sector and further develop the strong collaborative partnership established between government and industry. Ian Constance, Advance Propulsion Centre, Konstanze Scharring,… Continue reading Automotive Sector Deal between government and industry is announced
BHTC Will Display Autonomous Vehicle Technology At AutoMobili-D
FARMINGTON HILLS, Mich., Jan. 10, 2018 /PRNewswire/ — Behr-Hella Thermocontrol GmbH (BHTC), a global leader in air conditioning controls and HMI components for the automotive industry, is introducing a number of new products to improve autonomous-vehicle interior comfort and safety. Palm and fingerprint recognition systems will be among the technologies the automotive supplier displays (Booth… Continue reading BHTC Will Display Autonomous Vehicle Technology At AutoMobili-D
Notice: Livestream of a press conference by Toyota and Mazda
January 10, 2018 Toyota Motor Corporation and Mazda Motor Corporation will make an announcement and hold a press conference at 3:00 pm (U.S. Eastern Standard Time) / 2:00 pm (U.S. Central Standard Time) / 12:00 pm (U.S. Pacific Standard Time) in the U.S. regarding their joint venture plant in the U.S. Livestream of the press… Continue reading Notice: Livestream of a press conference by Toyota and Mazda
Waze Brings Community-Based Traffic and Navigation App to Ford Vehicles with SYNC 3
Ford and Waze are teaming up at CES 2018 to announce the popular community-based traffic and navigation app will be available for Ford vehicles equipped with SYNC® 3 Waze users will soon be able to plug their smartphones into a SYNC 3-enabled Ford vehicle and project the app directly onto its touch screen Through AppLink™,… Continue reading Waze Brings Community-Based Traffic and Navigation App to Ford Vehicles with SYNC 3
NVIDIA Announces World’s First Functionally Safe AI Self-Driving Platform
LAS VEGAS, Jan. 10, 2018 — CES — NVIDIA today unveiled details of its functional safety architecture for NVIDIA DRIVE™, its AI autonomous vehicle platform, which uses redundant and diverse functions to enable vehicles to operate safely, even in the event of faults related to the operator, environment or systems. The NVIDIA DRIVE architecture enables automakers… Continue reading NVIDIA Announces World’s First Functionally Safe AI Self-Driving Platform
Ford Sollers to hire 600 to meet growing Russian car demand
MOSCOW, Jan 10 (Reuters) – Ford’s Russian joint venture Ford Sollers plans to create 600 new jobs at its Elabuga plant and institute a six-day week to meet growing demand, it said on Wednesday. Sales of sport-utility vehicles (SUVs) and light commercial vans produced at its plant in the Russian republic of Tatarstan, which makes… Continue reading Ford Sollers to hire 600 to meet growing Russian car demand
Asia tech news roundup – Jan 10
Checking stock before it gets sent to buyers. Photo credit: Leflair APAC Mining, NiYO, and Leflair were a few of the startups that announced funding in Asia Pacific today, while news emerged of Line’s plans to support cryptocurrencies. Fintech Lendingkart secures US$4.7 million in debt funding (India). The online lender for small businesses netted the… Continue reading Asia tech news roundup – Jan 10