Robert Bosch and Continental, two of the world’s biggest automotive suppliers, are each buying a 5 pc stake in location and digital mapping specialist Here. The two German companies are buying their stakes from Here’s main owners, premium car makers Audi, BMW and Daimler. The transactions are expected to be completed in the first quarter Read More..
Geely Holding said it had reached agreement to acquire 8.2 pc of Volvo Trucks, strengthening the Chinese automotive group’s international operations and raising the possibility that the two separate Swedish companies bearing the Volvo name could be united once more. Geely said its stake in AB Volvo, the trucking group, will make it the largest Read More..
In June, Hau Thai-Tang, Ford Motorâ€™s head of global purchasing, was given a second job as executive vice-president of product development. Thai-Tang, who joined the carmarker as a trainee in 1993, sees the combined responsibilities as an opportunity to get more out of the relationship between Ford and a rapidly changing supply base. â€œWe have Read More..
Ford Motor’s recently acquired artificial intelligence company, Argo AI, bought Princeton Lightwave, in a move to further boost its in-house expertise in a technology that’s key for autonomous driving. Argo AI CEO Bryan Salesky said in a blog post that Princeton has extensive experience in developing and commercializing lidar sensors. Its technology, he said, “will Read More..
Companies are investing heavily in artificial intelligence, but adoption is often hindered by a lack of IT infrastructure, according to a new survey. The poll, conducted by market researchers Vanson Bourne on behalf of business software group Teradata, found that 80 pc of companies are already investing in AI and related technologies and 30 pc Read More..
MUNICH — Judging by the enthusiasm of the 304 exhibitors at this year’s eMove360 trade fair, electric vehicles have arrived. Granted, there weren’t any automaker stands at the annual show. But that absence was compensated by technology providers whose EV prototypes, charging stations, battery packs and other associated products and services dominated the 20,000 square Read More..
Delphi wants to be at the center of the auto industryâ€™s transformation and the global automotive supplier has been moving away from traditional powertrain technologies to connectivity, automation and electrical vehicle architectures. The core strategy revolves around the companyâ€™s aim to build â€œsafe, green and connectedâ€ products and systems. â€œWeâ€™re taking our whole hardware portfolio Read More..
Schaeffler has acquired autinity systems, a specialist company in digital machine data recording and evaluation, in a move designed to give the German automotive supplier added expertise in digital manufacturing technologies. Schaeffler has identified digitalization as a major business opportunity. The company already is working on 30 digitalization projects and it expects to double this Read More..
MUNICH – Nvidia has developed a computer platform small enough to leave sufficient room in the trunk and powerful enough to manage the array of systems needed to make Level 5 autonomous vehicles a reality. Nvidia founder and CEO Jensen Huang unveiled the platform, which is codenamed Pegasus, during the company’s GPU Technology conference here. Read More..
British vacuum-cleaner maker Dyson plans to invest 2.0 billion pounds to build an electric car that should be ready as early as 2020. Dyson’s visionary founder, James Dyson, unveiled the plan in an email to staff that laid out the reasons behind the move. In 1993, he said, his company had already developed working prototypes Read More..