Tag: Strategy

Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry

 – Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position – Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software – Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, July 23, 2021 /PRNewswire/ — Magna International Inc. (TSX: MG;NYSE: MGA) and Veoneer,… Continue reading Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry

Waymo to open offices in Pittsburgh, an AV tech hub

Waymo, Google’s former self-driving car project that’s now an independent business unit under Alphabet, is expanding its presence in the eastern U.S. The company said Thursday it would be opening offices in Pittsburgh, joining a growing suite of companies developing and testing autonomous vehicle technology in the Steel City. The company will start by hiring… Continue reading Waymo to open offices in Pittsburgh, an AV tech hub

@VW Group: CEO Herbert Diess at the Annual General Meeting: “With NEW AUTO, we will reinvent Volkswagen”003531

The Volkswagen Group considers itself well equipped for a zero-emission and autonomous future of mobility. “With our NEW AUTO strategy, we will reinvent Volkswagen by 2030,” said CEO Herbert Diess at the virtual Annual General Meeting of the Volkswagen Group. “The cars on our roads will be sustainable, safe, smart and ultimately autonomous within the… Continue reading @VW Group: CEO Herbert Diess at the Annual General Meeting: “With NEW AUTO, we will reinvent Volkswagen”003531

Daimler aims to be ready for all-electric car market by 2030

LONDON (Reuters) — Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Outlining its strategy for an electric future, the German luxury carmaker said on Thursday it… Continue reading Daimler aims to be ready for all-electric car market by 2030

CF Finance Acquisition Corp. III Announces Registration Statement Effectiveness and Special Meeting Date to Approve Business Combination with AEye, Inc.

New York, NY and Dublin, CA (July 21, 2021): CF Finance Acquisition Corp. III (Nasdaq: CFAC) (“CF III”), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that the Securities and Exchange Commission (the “SEC”) has declared effective its registration statement on Form S-4 in connection with its previously announced business combination with… Continue reading CF Finance Acquisition Corp. III Announces Registration Statement Effectiveness and Special Meeting Date to Approve Business Combination with AEye, Inc.

@Daimler: Mercedes-Benz prepares to go all-electric

All newly launched architectures will be electric-only from 2025 onwards. In 2025 Mercedes-Benz will launch three electric-only architectures. Mercedes-Benz will be ready to go all electric at the end of the decade, where market conditions allow. Mercedes-Benz to install battery cell capacity of more than 200 Gigawatt hours with partners, plans for eight Gigafactories. New… Continue reading @Daimler: Mercedes-Benz prepares to go all-electric

Lear Appoints Alicia Davis Chief Strategy Officer to Drive Advancement and Execution of Long-Term Growth Strategy

SOUTHFIELD, Mich., July 22, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced the appointment of Alicia Davis to Chief Strategy Officer to drive the advancement and execution of the company’s long-term growth strategy.  As Lear’s Chief Strategy Officer, Ms. Davis is responsible for leading a central… Continue reading Lear Appoints Alicia Davis Chief Strategy Officer to Drive Advancement and Execution of Long-Term Growth Strategy

@Ford: OCTO Telematics and Ford Team Up to Provide More Accurate Auto Insurance Risk Scores

OCTO’s DriveAbility® Score, the most predictive insurance risk score in the market, to leverage Ford connected car data BOSTON, MA / DETROIT, MI (July 22, 2021)—-OCTO Telematics today announced a new agreement with Ford Motor Company. By leveraging Ford’s connected vehicle data, OCTO will extend its market-leading predictive insurance risk score, OCTO DriveAbility® Score. The… Continue reading @Ford: OCTO Telematics and Ford Team Up to Provide More Accurate Auto Insurance Risk Scores

Daimler to invest more than 40 billion euros by 2030 in electric vehicles

By Nick Carey 3 Min Read LONDON (Reuters) -Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. Slideshow ( 2 images ) Outlining its strategy for an… Continue reading Daimler to invest more than 40 billion euros by 2030 in electric vehicles