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News
Honda teams up with CiNet for study in neuroscientific research of humans in the area of mobility
Honda R&D Co, a research and development subsidiary of Honda, has begun collaboration with Japan-based Center for Information and Neural Network (CiNet) in neuroscientific research of humans in the areas of humanity and robotics, the automaker said in a press release on 20 May. CiNet conducts both fundamental research on the functioning of human brain and applied resea...
21-May-2019
News
GM introduces new digital vehicle platform
General Motors (GM) has introduced an all-new electronic platform to support its next-generation vehicles, including vehicles with electric powertrains as well as those featuring greater safety, infotainment, connectivity, and driver assistance technologies, the company said in a press release on 20 May. The automaker is debuting its new platform on the model year 2020 Cad...
21-May-2019
News
ams partners with ZF and Ibeo to jointly develop solid-state lidar systems
Austria-based sensor specialist ams has partnered with ZF and its lidar subsidiary Ibeo Automotive Systems to develop solid-state lidar systems for use in autonomous driving and other applications, ams said in a press release on 20 May. The three partners will conduct joint R&D efforts to ensure that their new lidar solution can be quickly adopted by 2021. Ibeo, in ...
21-May-2019
News
OmniVision unveils new 1MP image sensor for automotive viewing applications
OmniVision has introduced its next-generation 1-megapixel (MP) image sensor for automotive viewing applications, the company said in a press release on 20 May. The new OX01D10 sensor brings together split-pixel and dual conversion gain (DCG) technology to deliver motion free high dynamic range (HDR) of up to 120 dB and LED flicker mitigation (LFM). The sensor also provides...
21-May-2019
News
BMW recalls 106,182 units of the X1 in US over impact absorption issue
BMW will recall 106,182 units of model year (MY) 2016–19 X1 sport utility vehicle (SUV) in the United States over an impact absorption issue, according to a filing by the German carmaker to the National Highway Traffic Safety Administration (NHTSA). According to the regulator, in the event of a crash where the occupant’s head comes into contact with...
21-May-2019
News
Hyundai opens new cylinder head machining plant in US
Hyundai Motor Manufacturing Alabama (HMMA), a subsidiary of the South Korean automaker Hyundai, has opened a new cylinder head machining plant in Montgomery (United States), the company said in a press release last week. The new 260,000-square-foot facility will support the South Korean automaker in producing more than 650,000 engines per year. “With our latest expans...
21-May-2019
News
Denso reaches basic agreement with Aisan on strengthening powertrain business
Denso has reached a basic agreement with Aisan Industry to strengthen the competitiveness of their powertrain business, the leading Japanese supplier said in a press release on 20 May. Under the agreement, Denso is considering increasing its stake in Aisan and transferring parts of its powertrain business to Aisan. As of 31 March 2018, Denso has an 8% stake in Aisan. De...
21-May-2019
News
Audi recalls 12,645 vehicles in US over issue with hydraulic brakes
Audi has issued a recall for 12,645 vehicles in the United States over an issue with hydraulic brakes, according to a National Highway Traffic Safety Administration (NHTSA) notice last month. The vehicles recalled include certain model year (MY) 2018–19 Audi Q5 and SQ5 vehicles. The recall began on 3 May 2019. Significance: In the affected vehicles, the brake master c...
21-May-2019
News
Kasai Kogyo’s FY 2018/19 net income down 41.1% y/y to USD40.9 million
Japan-based automotive interior parts supplier Kasai Kogyo has reported a 41.4% year-on-year (y/y) decline in net income to JPY4.5 billion (USD40.9 million) for the fiscal year ended 31 March 2019, according to a company press release on 13 May. Net sales for the year grew 1.4% y/y to JPY227.2 billion. Despite higher sales, operating income dropped 25% y/y to JPY10.5 billi...
21-May-2019
News
Röchling Automotive to sell German plant to Kasai Kogyo
Germany-based Röchling Automotive SE & Co. KG entered into an agreement with Japanese automotive supplier Kasai Kogyo Co., Ltd to sell its plant in Wolfsburg-Hattorf in Germany, according to a Röchling press release on 7 May. The two companies agreed to not disclose the purchase price. Kasai Kogyo is taking over the entire business operations and thus all employ...
21-May-2019
News
Unipres develops high-strength damper plate using gas nitrocarburizing steel sheet
Japanese supplier Unipres has developed a damper plate using a gas nitrocarburizing steel sheet with high strength and low strain for dampers, a key component of a torque converter, the company announced in a press release on 16 May. The company began supplying this product as part of a torque converter that will be used in Jatco’s new CVT for mini vehicles—CVT-S (JF02...
21-May-2019
News
Unipres’s FY 2018/19 net profit down 19.3% y/y to USD116 million
Unipres has reported a 19.3% year-on-year (y/y) decline in net profit to JPY12.8 billion (USD116 million) for the fiscal year ended 31 March 2019, according to a company press release on 14 May. Net sales were down 0.9% y/y to JPY327.8 billion. Operating profit also declined 22.7% y/y to JPY20.1 billion. Significance: Japan-based Unipres specializes in stamping technolo...
21-May-2019
News
Lumax Auto’s FY 2018/19 net profit up 35% y/y to USD9.5 million
Lumax Auto Technologies has reported a 35% year-on-year (y/y) growth in net profit to INR658.8 million (USD9.5 million) for the fiscal year ended 31 March 2019, according to a regulatory filing on 18 May. Net revenue from operations for the period grew 22% y/y to INR13.5 billion, driving a 26% y/y growth in profit before tax (before exceptional items) to INR1.1 billion. EB...
21-May-2019
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Lumax Industries’ FY 2018/19 net profit up 45.4% y/y to USD14.9 million
Lumax Industries has reported a 45.4% year-on-year (y/y) increase in net profit to INR1.03 billion (USD14.9 million) for the fiscal year ended 31 March 2019, according to a company filing on 15 May. Profit before tax for the period grew 37.6% y/y to INR1.3 billion. The company posted strong growth in profit on the back of a 9.4% y/y growth in revenue to INR18.5 billion. ...
21-May-2019
News
Bharat Forge’s FY 2018/19 net profit up 35.3% y/y to USD148.3 million
Bharat Forge has reported a 35.3% year-on-year (y/y) growth in its net income to INR10.3 billion (USD148.3 million) during the fiscal year ended 31 March 2019, according to a regulatory filing on 20 May. Total revenue during the year grew 20.5% y/y to INR1 trillion, driving a 33.7% y/y growth in profit before tax to INR15.9 billion. Revenues from the passenger vehicles ...
21-May-2019
News
EDITIORIAL: Driver monitoring system fitment to rise in next few years amid growing focus on safety and autonomous driving
With vehicles becoming more connected and automated, a driver monitoring system (DMS) has become a must-have technology to monitor a driver’s attention and prevent distracted driving. While greater connectivity features such as navigation and hands-free calling have enhanced drivers’ in-vehicle experience, they have also become a key source of distraction while driving...
20-May-2019
News
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20-May-2019
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Volkswagen to offer next-generation Golf with 48-volt mild hybrid drive
Volkswagen (VW) has confirmed that its eighth-generation Golf will be the first model to come equipped with its 48-volt mild hybrid electric vehicle (mHEV) drive system, the company said in a press release on 16 May. The company will initially offer its 48-volt system with the EA211 evo family engines with 1 L and 1.5 L displacements and dual-clutch gearbox (DSG) transmiss...
20-May-2019
News
Skoda updates ‘Skoda Connect’ app
Skoda has announced a comprehensive update of its ‘Skoda Connect’ app, the company said in a press release on 17 May. The latest version of the app features a new architecture overview and data structure that makes it easier and more intuitive to use. The new app is more responsive and offers greater personalization options to users. The revamped Skoda Connect app is a...
20-May-2019
News
Ficosa joins cybersecurity project ‘SECREDAS’
Spanish supplier Ficosa has announced that its Advanced Communications and ADAS (advanced driver assistance systems) business units have joined the SECREDAS (Product Security for Cross Domain Reliable Dependable Automated System) project, the company said in a press release on 17 May. The SECREDAS project is working on defining and implementing adequate levels of security ...
20-May-2019
News
FCC delays review of spectrum assigned to vehicle communication
Federal Communications Commission (FCC) has postponed a planned review of a band of spectrum currently reserve for the automotive industry for vehicle-to-everything (V2X) communications, Reuters reported on 16 May. Ajit Pai, chairman of FCC was scheduled to begin a comprehensive review of 75 megahertz of spectrum in the 5.9 GHz band next month. According to the Reuters rep...
20-May-2019
News
Ather Energy starts establishing fast charging network in Indian city Chennai
Ather Energy has started setting up its fast charging network called Ather Grid in Chennai, Tamil Nadu (India), The Hindu Business Line reported on 16 May. The company has already installed seven charging points in Chennai and plans to come up with around 50 to 55 charging points in the city by the end of this year. These charging points can be used for charging both elect...
20-May-2019
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Indorama Ventures announces formation of new mobility business group
Indorama Ventures Public Company Limited (IVL) has announced the formation of a new business unit within IVL Fibers division – Indorama Mobility Group – which will comprise three business segments, namely Tire, Automotive Safety and Functional Materials, according to a company press release on 16 May. Jochen Boos, formerly CEO of PHP Fibers, has been appointed as CEO o...
20-May-2019
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Cree selected as silicon carbide partner for VW’s strategic supplier network ‘FAST’
The Volkswagen Group (VW) has selected Cree as its exclusive silicon carbide (SiC) partner for its Future Automotive Supply Track (FAST) Initiative, the US-based SiC specialist said in a press release on 14 May. VW’s selection of Cree reflects the growing adoption of SiC in the semiconductor market. According to Cree, the use of SiC accelerates the automotive industry’...
20-May-2019
News
Hitachi supplies inverter for Audi e-tron
Hitachi Automotive Systems is supplying its electric vehicle (EV) inverter for Audi’s first mass production EV, the e-tron, which went on sale in Europe from March this year, Hitachi said in a press release on 17 May. The e-tron is a full-sized sport utility vehicle equipped with dual electric motors and an electronic all-wheel drive system and the Hitachi inverter ...
20-May-2019
News
Yokohama Rubber’s Q1 net profit down 2.2% y/y to USD82.3 million
Yokohama Rubber’s net income declined 2.2% year on year (y/y) to JPY9.1 billion (USD82.3 million) in the first quarter ended 31 March 2019, the Japan-based company said in a press release on 14 May. The company recorded a marginal increase of 0.2% y/y in sales revenue to JPY149.5 billion. Operating profit for the period declined 8.4% y/y to JPY12.9 billion, while busines...
20-May-2019
News
JK Tyre’s FY 2018/19 net profit jumps more than twofold y/y to USD25.3 million
JK Tyre has reported more than twofold year-on-year (y/y) growth in net profit to INR1.7 billion (USD25.3 million) for the fiscal year ended 31 March 2019, the Indian tire-maker said in a regulatory filing on 16 May. The company’s operating profit jumped more than twofold y/y to INR2.7 billion. Total income for the year grew 22.3% y/y to INR104.5 billion. Revenue from op...
20-May-2019
News
Sundaram-Clayton inaugurates US facility
Sundaram-Clayton Ltd, a TVS Group company, has announced the inauguration of its first overseas facility in South Carolina, United States, the company said in a regulatory filing on 17 May. The facility, built on 50 acres of land in Dorchester County in the Ridgeville Industrial Park, South Carolina, is expected to start operations in September 2019. The South Carolina fac...
20-May-2019
News
Borealis opens new polypropylene compounding plant in North Carolina
Borealis has opened a new polypropylene (PP) compounding plant in Taylorsville, United States, the company announced in a press release on 17 May 2019. The facility has dedicated production lines for thermoplastic olefin (TPO) and short glass fiber (SGF) reinforced compounds. In addition to compound manufacturing, the facility also features state-of-the-art, in-house testi...
20-May-2019
News
Minda Industries merges four subsidiaries
Minda Industries, the flagship company of Uno Minda Group, has announced that the company's board has approved the amalgamation of four domestic wholly owned subsidiaries namely Minda Rinder Pvt. Ltd., Minda Distribution & Pvt. Ltd., Minda Auto Components Ltd. and MJ Castings Ltd, according to a regulatory filing on 16 May. Subject to necessary statutory and regulatory...
20-May-2019
News
DRiV to supply Monroe intelligent suspension technology for 2020 Toyota GR Supra Sports Coupe
Tenneco’s aftermarket and ride performance company DRiV is supplying its advanced suspension technology from its Monroe Intelligent Suspension portfolio for the fifth-generation model year (MY) 2020 Toyota GR Supra sports coupe, according to a company press release on 17 May. The company's Continuously Variable Semi-Active (CVSAe) suspension technology will be featured o...
20-May-2019
News
FCA issues two recalls in US affecting 600,000 vehicles
Fiat Chrysler Automobiles (FCA) has issued two recalls in the United States affecting 600,082 vehicles, the company said in two separate press releases on 17 May. FCA is recalling 410,351 units of pick-up trucks in the United States to upgrade their tailgate locking mechanism. The recall affected model year 2015 through 2018 Ram 1500, 2500 and 3500 pickup trucks, equipped ...
20-May-2019
News
Quanergy reaches compliance with key automotive standards
Lidar start-up Quanergy Systems has reached compliance with the IATF (International Automotive Task Force) 16949:2016 and the required automotive sector tools and product standards, the company said in a press release on 15 May. IATF 16949: 2016 is a standard that establishes the requirement for quality management system (QMS) specifically for the automotive industry. The ...
20-May-2019
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Automatic emergency braking fitment on the rise in US, NHTSA study finds
More new vehicles in the United States come equipped with the automatic emergency braking (AEB) system, according to data published by the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute of Highway Safety (IIHS) on 13 March. According to reports submitted by 20 automakers who had committed to equip all their new vehicl...
17-May-2019
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Mitsubishi Electric, HERE develop ‘Lane Hazard Warning’
Mitsubishi Electric and HERE Technologies have piloted Lane Hazard Warning, a technology that enables vehicles to automatically warn others about upcoming road hazards with lane level precision, HERE said in a press release on 15 May. The two partners first completed trials in Ibaraki Prefecture in Japan last winter, followed by similar tests in California (United Sta...
17-May-2019
News
New Audi A4 features MMI infotainment system with 10.1-inch touch display
Audi is offering its new A4 sedan with its latest Multi Media Interface (MMI) infotainment system, featuring a TFT 10.1-inch touch display, the German carmaker said in a press release on 15 May. The new display can be controlled by touch and voice control. In the new MMI display, the graphics have been updated and are clean and cut down. The menu structure is tailored t...
17-May-2019
News
Renaults develops EZ-POD autonomous EV for first and last mile connectivity
Renault has unveiled EZ-POD, a small autonomous electric vehicle (EV) designed to transport people and goods over short distance, the French automaker announced on 16 May. The micromobile, based on the Renault Twizy, can carry two people, sitting diagonally opposite each other. To support autonomous operation, the EZ-POD is equipped with one camera on the fron...
17-May-2019
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More than 11.2 million light vehicles to feature V2X communication globally in 2024, forecasts IHS Markit
The number of light vehicles equipped with some form of vehicle-to-everything (V2X) communication system will reach more than 11.2 million in the next five years compared with just under 15,000 units expected this year, according to a forecast by IHS Markit, revealed on 16 May. This will represent about 12% of the global light vehicle fleet in 2024. IHS Markit forecasts...
17-May-2019
News
Xingyu Automotive Lighting Systems plans to build new automotive lighting plant in Serbia
China-based Xingyu Automotive Lighting Systems plans to build a new automotive lighting plant in Serbia, according to a press release on the official website of City of Niš on 7 May. The company has signed a memorandum of understanding with Minister of Economy Goran Knezevic to invest about EUR50 million (USD56 million) in establishing the new plant, which is ex...
17-May-2019
News
Ford issues two recalls in North America
Ford has announced two recalls in North America, affecting a total 272,760 vehicles, the US automaker said in a press release on 15 May. The company is recalling select model year (MY) 2013 through 2016 Fusion cars equipped with 2.5 L engine to fix shifter cable bushing issues. The recall affects 270,000 Fusion vehicles in North America, including 259,182 in the United Sta...
17-May-2019
News
Brose reports sales of USD7 billion for FY 2018
Brose has reported a turnover of EUR6.3 billion (USD7 billion) for the fiscal year 2018, just below the prior year’s level, according to a press release on 16 May. CEO Kurt Sauernheimer presented key results at the shareholder and advisory board meeting in Würzburg, Germany. “In the first half of the year, we were still growing six percent, but then turnover decreased...
17-May-2019
News
CHINAPLAS 2019: BASF to present ultrathin films for automotive applications
BASF will present its ultrathin films—polyarylsulfone Ultrason—for automotive applications at CHINAPLAS 2019, scheduled to be held from 21–24 May in China, according to a company press release. The company will showcase an ultrathin film ideal for use as a protective layer and electrical insulation for the automotive and electrics and electronics (E&E) indus...
17-May-2019
News
Minda Industries’s FY 2018/19 net profit down 7.9% y/y to USD41 million
Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 7.9% year-on-year (y/y) decrease in net income to INR2.85 billion (USD41 million) for the fiscal year ending 31 March, the company said in a press release on 16 May. The company reported a 32% y/y growth in revenue from operations to INR59.08 billion. Higher revenu...
17-May-2019
News
Continental develops smart surface material for personalized lighting effects in vehicle interior
Continental has developed a new intelligent surface material ‘Acella Hylite’ that enables personalized lighting effects in vehicle interior, according to a company press release on 15 May. In addition, Continental has developed ‘Decoject’ thin film for doors, consoles, and other components. Decoject is a high-quality and cost-effective alternative to coated injecti...
17-May-2019
News
DaikyoNishikawa to open new plant in US to produce automotive resin parts
Japan-based DaikyoNishikawa Corporation will construct a new factory in Huntsville, Alabama, the company announced on 14 May. The company plans to invest about USD110 million in the new facility, which will be built on the site of ‘Mazda Toyota Manufacturing, U.S.A., Inc. (MTMUS), the joint-venture company of Mazda and Toyota, which will produce vehicles in 2021. ...
17-May-2019
News
Audi A4's headlights feature Matrix LED technology with fully automatic high beam
Audi’s all A4 models will now come equipped with LED headlights as standard, with the top-of-the-line trim offering Matrix LED technology with fully automatic high beam, according to a company press release on 15 May. Significance: The adoption of LED Matrix headlights is increasing. Earlier this week, Škoda announced that its updated Superb is the brand’s fir...
17-May-2019
News
Grupo Antolin opens new lighting plant and technical center in Germany
Spanish interior parts supplier Grupo Antolin has opened its new lighting electronics plant in Bamberg, Germany, according to a company press release on 16 May. In addition to the production plant, the Bamberg location will serve as the company’s technical center that will focus on technological developments in the ambient lighting business such as the new generation of ...
17-May-2019
News
Northvolt raises USD392 million from EIB for battery cell plant in Sweden
Northvolt has received an in-principle approval for a loan of EUR350 million (USD392 million) from the European Investment Bank (EIB) for its battery cell plant in Sweden, the company announced on 15 May. Upon conclusion of a loan agreement, the financing would be supported by the European Fund for Strategic Investments (EFSI). The capital raise, in which this EIB loa...
17-May-2019
News
Volkswagen to showcase new 48-volt mild hybrid drive at Vienna Motor Symposium
Volkswagen (VW) is showcasing its new 48-volt mild hybrid (mHEV) drive at Vienna Motor Symposium in Austria, the company announced on 16 May. The 48-volt mHEV drive will be combined with the 1.5L TSI evo petrol engine. VW will also be providing an in-depth insight into its Modular Electric Drive (MEB) platform for electric vehicles, as well as showcasing Levels 3...
17-May-2019
News
UK government to invest USD36 million towards ‘Battery Industrialisation Centre’
The United Kingdom government has announced an investment of GBP28 million (USD36 million) in the UK Battery Industrialisation Centre (UKBIC), according to a government press release on 16 May. The UKBIC will be a new national centre of excellence and will provide “world-leading” testing facilities for new battery technologies. The center will also provide practical tr...
17-May-2019
News
BorgWarner introduces new onboard charger for EVs
BorgWarner has developed a new electric vehicle (EV) onboard charger (OBC) using silicon carbide technology, the company announced on 16 May. The new OBC is compatible with all battery chemistries and voltages of 400 volts, 650 volts and 800 volts and are designed to meet the standards for use in many countries and regions including the US, the EU, Japan, and China. ...
17-May-2019
News
Tesla completes acquisition of Maxwell Technologies
Tesla has completed the acquisition of Maxwell Technologies through an all stock exchange offer for all the issued and outstanding shares of the company, Tesla announced on 16 May. As a result of this merger, all shares of Maxwell stock that were not tendered in Tesla’s exchange offer were cancelled in exchange for the right to receive the same consideration paid...
17-May-2019
News
Michelin to acquire telematics providers Masternaut
Michelin has reached an agreement to acquire French telematics company Masternaut, the tiremaker said on 16 May. The company will buy out the entire share capital of Masternaut. The transaction has been made on the basis of eight times 2018 EBITDA before synergies. The two companies have not disclosed further financial details of the transaction. Founded in 1996, M...
17-May-2019
News
Geely Auto opens R&D facility in Germany to focus on new propulsion system, next-gen mobility technology
Chinese automaker Geely Auto has opened a new research and development (R&D) facility in Raunheim, Germany, the company said on 16 May. The Geely Auto Technical Deutschland (GATD) will focus on innovating propulsion systems and next-generation mobility technology. The facility is also expected to employ about 300 engineers and technology specialists. ...
17-May-2019
News
Renault, partners launch Paris-Saclay Autonomous Lab to develop autonomous mobility services
Renault has partnered with the Transdev Group, IRT SystemX, Institut VEDECOM and the University of Paris-Saclay to launch a new project to develop autonomous mobility services, the French automaker said in a press release on 15 May. The Paris-Saclay Autonomous Lab aims to devise and test different smart, autonomous, electric and shared public and private services, using de...
16-May-2019
News
Volkswagen plans to enter strategic partnerships to secure EV battery capacities
Volkswagen is planning to enter strategic partnerships to secure electric vehicle (EV) battery capacities in Europe, the company announced in a press release on 13 May. As part of the plan, Volkswagen will set up a battery cell production facility in Lower Saxony, Germany, under a partnership. VW’s supervisory board has approved investments of just under EUR1 billion (US...
16-May-2019
News
Audi to offer 48-volt mild-hybrid technology in new A4
Audi has equipped the new A4 sedan with its 48-volt mild-hybrid technology and an electric powered compressor (EPC), the company announced in a press release on 15 May. The technology features in Audi S4 TDI with 3L V6 diesel engine. This variant provides a power output of up to 255 kW (347PS) and maximum torque of 700 Nm. It has a fuel economy of 6.3 – 6.2 liters per 10...
16-May-2019
News
Tesla to update charge and thermal management settings on Model S, Model X to improve battery safety
Electric carmaker Tesla is releasing software update to change battery charge and thermal management settings in Model S sedans and Model X SUVs, Reuters reported today (16 May). The company initiated over-the-air (OTA) software update following two recent fires involving the Model S in Shanghai and Hong Kong. Tesla said it is carrying out software update out of “an a...
16-May-2019
News
Rheinmetall receives first order for new variable valve control system 'UpValve'
Rheinmetall’s subsidiary Pierburg GmbH has received its first order for the new variable valve control system 'UpValve' worth EUR90 million (USD101 million), the company announced in a press release on 15 May. UpValve will be installed in a 4-cylinder turbocharged gasoline engine co-designed with the Pierburg engineers at Neuss in Germany. Trials on the assembled engine ...
16-May-2019
News
NTN's net sales falls 1.5% y/y to USD6.6 billion in FY 2018/19
NTN has reported a fall of 1.5% year-on-year (y/y) in its net sales to JPY733.5 billion (USD6.6 billion) during the fiscal year ended 31 March 2019, according to company press release on 15 May. During the period, NTN witnessed a net loss of JPY6 billion, compared to a net income of JPY20.3 billion. NTN’s operating income also fell 32% y/y to USD26.9 billion in the twelv...
16-May-2019
News
MG Motor launches SUV Hector in India with over 50 connected features
MG Motor has unveiled the Hector SUV, its first model for the Indian market, the company said in a press release on 15 May. According to the company, the Hector is the first internet car in India featuring more than 50 connected features. The SUV comes equipped with i-SMART Next Gen technology, featuring a 10.4-inch HD touchscreen, to deliver safe, connected and enjoyab...
16-May-2019
News
JATCO to showcase CVT-S for mini FWD vehicles at Automotive Engineering Exposition 2019 in Japan
JATCO will be showcasing its newly developed CVT-S for mini front-wheel drive (FWD) vehicles at the  Automotive Engineering Exposition 2019 in Yokohama, Japan, the company announced in a press release on 15 May 2019. JATCO will also be showcasing solutions for electrified vehicles, including its e-Axle concept models, transmission concept model for mild-hybrid vehicle...
16-May-2019
News
Hyundai Group develops new Intelligent air purification system
Hyundai Group has developed a new intelligent ‘Smart Air Purification system’ for improving the air quality inside the cabin, the company announced in a press release on 15 May. The new system monitors interior air quality to automatically filter the interior air. “Enabling our customers to breathe the cleanest air, even in highly-polluted areas, is a demonstration o...
16-May-2019
News
Maserati to use BMW’s autonomous driving technology
Maserati will be the first brand from Fiat Chrysler Automobile (FCA) to use autonomous driving technology that a BMW-led consortium is developing, Bloomberg reported on 15 May citing the company’s John Elkann. The technology will offer assisted-driving features on highway, Elkann told an industry group in Turin, (Italy) on Monday (13 May), without hinting any timeline fo...
16-May-2019
News
SK Innovation plans to invest USD490 million in new battery plant in China
SK Innovation plans to invest KRW580 billion (USD 490 million) in a new battery plant in China, Reuters reported on 15 May citing the company. Further details such as the partner and capacity of the plant, however, were not disclosed. Significance: The new plant will be SK Innovation’s second in China. The construction of the first plant started in August last year an...
16-May-2019
News
Delphi develops new GDI system for lower emissions
Delphi has developed a new gasoline direct injection (GDi) system with injection pressure of 500+ bar, the company announced in a press release on 15 May. Delphi claimed that the new system can reduce particulate emissions by up to 50% compared to state-of-the-art 350 bar systems without expensive engine design modifications. The 500+ bar system will enter production ...
16-May-2019
News
Nissan to equip new Skyline with next-gen driver assistance system ProPILOT 2.0
Nissan has announced plans to equip its new Skyline for the Japanese market with its next generation driver assistance system, the automaker said in a press release today (16 May). The system called ProPILOT 2.0 combines navigated highway driving with hands-off single lane driving capabilities. The new system relies on a combination of cameras, radars, sonars, GPS and HD m...
16-May-2019
News
Hailo unveils deep learning processor for automotive applications
Hailo Technologies has introduced its advanced deep learning processor called Hailo-8™, the Israel-based company said in a press release on 14 May. The new chip features an architecture that enables edge devices to run advanced deep learning applications that could earlier run only on the cloud. According to Hailo, its new chip is capable of processing up to 26 tera oper...
16-May-2019
News
Audi launches ‘Audi on Demand’ mobility service in Spanish island of Mallorca
Audi has launched its premium mobility service ‘Audi on Demand’ on the island of Mallorca (Spain), the company said in a press release on 13 May. The German carmaker has partnered with its local dealer Audi Center Palma for the service through which it will make available sporty R and RS models for users of the service. Users will be able to book models like the R8 ...
16-May-2019
News
Toyoda Gosei invests in Japanese start-up IMUZAK
Toyoda Gosei has announced a JPY50 million (USD456,130) investment IMUZAK, a Japan-based start-up specializing in optics, to pick a 19.1% stake, the company said in a press release on 15 May. The Japanese automotive supplier invested in the start-up firm through its Corporate Venture Capital Department, which was established in January this year. Significance: Toyoda Go...
16-May-2019
News
ITM Power extends hydrogen refueling partnership with Shell in UK
ITM Power has extended its hydrogen refueling partnership with Shell in the United Kingdom to run until 2024, the company announced in a press release last week. The partnership covers refueling of all types of hydrogen vehicles, right from passenger cars to commercial vehicles, including buses, trucks, trains and ships. Under the partnership, four more hydrogen refueling ...
15-May-2019
News
Opel launches new all-wheel drive Grandland X plug-in hybrid SUV
Opel has launched its new all-wheel drive (AWD) plug-in hybrid sports utility vehicle (SUV), the Grandland X Hybrid4, the company announced in a press release on 13 May. The vehicle is powered by a 1.6L turbocharged direct injection 4-cylinder petrol engine and two 80 kW/109hp electric motors, which together generate 300 hp. Grandland X Hybrid4 gets a 13.2 kWh lithium-ion ...
15-May-2019
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Shell to build 50 EV fast charging stations in Germany this year
Shell is planning to build 50 electric vehicle (EV) fast charging stations in Germany in 2019, the company announced in a press release on 13 May. The 50 stations will have a total of 100 charging points at its petrol stations. The charging points are expected to have output of 150kW and more. "In the future, customers will be able to recharge their electric car wi...
15-May-2019
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ON Semiconductor presents automotive CMOS image sensors, lidar and radar solutions at AutoSens 2019
ON Semiconductor will showcase its advanced portfolio of sensors for automotive applications at the AutoSens Conference 2019 to be held this week (17-19 May) in Detroit, Michigan (United States), the company said in a press release on 14 May. The company’s display at the event will include the next-generation RGB-IR (red green blue-infra red) image sensor solutions for i...
15-May-2019
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Hyundai equips MY2020 Elantra with new ‘Intelligent Variable Transmission’
Hyundai has equipped the model year (MY) 2020 Elantra with its new Intelligent Variable Transmission (IVT), the company announced in a press release on 14 May. Hyundai claimes  that with the new IVT, Elantra will be able to deliver a maximum fuel efficiency of up to 35 miles per gallon (14.8 kilometers per liter). The MY2020 Elantra will hit the dealer showrooms this ...
15-May-2019
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Ridecell powers GIG Car Share’s free floating electric car-sharing service in US
Ridecell is providing an enhanced version of its mobility platform to power free floating electric car sharing services by GIG Car Share in Sacramento, California (United States), the company said in a press release on 14 May. Ridecell said its mobility platform is designed to meet the requirements of GIG Car Share’s EV fleet in Sacramento, consisting of 260 all-electric...
15-May-2019
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Hyundai partners with Rimac for development of high-performance EVs
Hyundai Group has partnered with Rimac Automobili to develop high-performance electric vehicles (EV), the automaker announced in a press release on 14 May. Hyundai will invest EUR80 million (USD89.8 million) in Rimac, of which EUR64 million will come from Hyundai Motor Company and EUR16 million will be invested by Kia Motor. The companies will collaborate to develop p...
15-May-2019
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Audi to introduce ‘Traffic Light Information’ V2I service in Germany
Audi has announced plans to introduce its ‘Traffic Light Information’ vehicle-to-infrastructure (V2I) service in Ingolstadt (Germany) from July this year, the automaker said in a press release on 14 May. The V2I system will offer Audi drivers in Ingolstadt two key functions: ‘Time-to-Green’ and ‘Green Light Optimized Speed Advisory (GLOSA)’. The Time-to-Green f...
15-May-2019
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Volvo Cars signs EV battery supply deals with CATL, LG Chem
Volvo Cars has signed a multi-dollar deal with Contemporary Amperex Technology (CATL) and LG Chem to source electric vehicle (EV) lithium-ion batteries over the next decade, the company announced in a press release on today (15 May). The batteries will be for both Volvo and Polestar models based on the upcoming Scalable Product Architecture 2 (SPA2) and the existing C...
15-May-2019
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UQM Technologies' Q1 net loss widens y/y to USD2.55 million
During the first quarter ended 31 March 2019, UQM Technologies has reported a net loss of USD2.55 million, as compared to a net loss of USD1.93 million during corresponding quarter in 2018, according to a company press release on 14 May. Net revenue in the three-month period, however, saw a strong growth of 128.5% year-on-year (y/y) to USD3.7 million. Significance: UQM ...
15-May-2019
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Aisin invests in perception system start-up AEye
AEye has announced strategic investment from Japanese automotive supplier Aisin Group, the US-based company specializing in artificial perception system said in a press release on 14 May. Aisin has made investments in AEye through its corporate venture capital fund managed by Pegasus Tech Ventures. “The addition of Aisin as an investor, makes AEye uniquely positioned as ...
15-May-2019
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Kongsberg’s Q1 net income grows 6.3% y/y to USD344.4 million
Kongsberg has reported a growth of 6.3% year-on-year (y/y) in its net income to EUR307 million (USD344.4 million) during the first quarter ended 31 March 2019, according to a company press release on 14 May. Net profit for the quarter grew by 42.2% y/y to EUR13.8 million. Adjusted EBIT also increased more than 6% y/y to EUR22 million. Kongsberg said that revenue increas...
15-May-2019
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DigiLens raises USD50 million from investors to expand holographic wavelength displays
DigiLens has raised USD50 million in Series C financing round led by UDC Ventures and Samsung Ventures Investments, the US-based company said in a press release on 14 May. UDC Ventures and Samsung Ventures are the corporate venture capital units of Universal Display Corporation and Samsung Electronics. These two new investors join DigiLens’ existing investors Niantic, Co...
15-May-2019
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thyssenkrupp’s H1 net income down 89% y/y to USD40.4 million
Germany-based diversified supplier thyssenkrupp reported 89% year-over-year (y/y) decline in net income to EUR36 million (USD40.4 million) in the first half ended 31 March 2019, the company said in a press release on 14 May. Net sales increased marginally by 2% y/y to EUR20.4 billion. Despite higher sales, thyssenkrupp’s EBIT dropped by 48% y/y to EUR442 million, resulti...
15-May-2019
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Pirelli to invest EUR120 million in Brazil over 2019-2021 to reorganize production structure
Pirelli plans to reorganize its production structure in Brazil to focus on ‘High Value’ products while improving the competitiveness of its manufacturing sites in the country, according to a company press release on 13 May. To this end, the tire-maker plans to invest approximately EUR120 million over 2019-2021 period for the modernization and reconversion of its produc...
15-May-2019
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Pirelli’s Q1 net profit up 7.9% y/y to USD109.5 million
Pirelli has reported a 7.9% year on year (y/y) growth in net income to EUR97.6 million (USD109.5 million) for the first quarter ended 31 March 2019, according to a company press release on 14 May. Net sales for the quarter grew marginally (by 0.3% y/y) to EUR1.3 billion. The company reported adjusted EBITDA of EUR315.6 million, up 9.5% y/y, while EBITDA adjusted without st...
15-May-2019
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LANXESS’s Q1 net income up 3.7% y/y to USD94.2 million
Specialty chemicals company LANXESS has reported a growth of 3.7% year-over-year (y/y) in net income to EUR84 million (USD94.2 million) for the first quarter ended 31 March 2019, the company said in a press release on 14 May. Sales for the period grew marginally 0.3% y/y to EUR1.82 billion. Higher sales helped the company post 1.9% y/y increase in EBITDA pre exceptionals t...
15-May-2019
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Updated Škoda Superb features full LED Matrix headlights, dynamic lighting functions
Škoda has announced that its updated Superb is the brand’s first production model to feature innovative full LED Matrix headlights, according to automaker’s press release on 14 May. The model also boasts the redesigned LED fog lights and full LED tail lights with dynamic indicators. The updated model also features greater safety and comfort. The model’s ligh...
15-May-2019
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Sumitomo Rubber supplies Falken brand of tires as OE fitment for Porsche Macan
Sumitomo Rubber Industries is supplying Falken brand of tires as original equipment (OE) fitment for the current generation of Porsche Macan, according to a company press release on 14 May. The tire-maker is supplying Falken AZENIS FK510 in both 235/60R18 and 255/55R18 sizes. “With the introduction of these tires, we have continued to apply our strategy of consistentl...
15-May-2019
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Hella announces changes in management board
Hella has extended the contract of its chief financial officer (CFO) Bernard Schäferbarthold five years until 31 October until 2024, the company said in a press release on 14 May. In addition, the company’s management board member Frank Huber takes over management of the business division Lighting from CEO Rolf Breidenbach, effective 1 June 2019. In addition, Stefan ...
15-May-2019
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Renesas Electronics reports consolidated net loss of USD16.5 million for Q1 2019
Renesas has reported consolidated net loss of JPY1.8 billion (USD16.5 million) for the first quarter ended 31 March 2019, compared with a net profit of JPY18.6 billion in the same period a year ago, according to a company press release on 14 May. Consolidated revenues for the quarter amounted to JPY150.2 billion, down 19% y/y. The Japanese semiconductor firm posted an oper...
15-May-2019
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Leoni reports USD148 million net loss for Q1 2019
Germany-based Leoni has reported a net loss of EUR312 million (USD148 million) for the first quarter ended 31 March 2019, compared with a net income of EUR44 million in the same period a year ago, according to a company press release on 14 May. Sales for the quarter declined 4.8% y/y to EUR1.26 billion. Leoni recorded a negative EBIT of EUR125 million, compared with EBIT o...
15-May-2019
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MY2020 Hyundai Elantra features ‘SmartSense’ advanced safety technologies
Hyundai has equipped its new model year 2020 Elantra sedan with SmartSense safety features, the company said in a press release on 14 May. As part of SmartSense suite of safety technologies, the South Korean automaker is offering forward collision-avoidance assistance (FCA), lane keeping assist and driver attention warning technologies as standard across all trims (SE, SEL...
15-May-2019
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Ford partners with Amazon for in-car delivery service in US
Ford has partnered with online retail giant Amazon to bring ‘Amazon In-Car’ delivery service to eligible Ford and Lincoln vehicles in the United States, the automaker said in a press release. According to the automaker, the partnership will enable the owners of the select Ford 2017 and later model year vehicles equipped with FordPass Connect, and Lincoln 2018 and later...
14-May-2019
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Elaphe to start low-volume manufacturing of in-wheel motors for EVs
Elaphe is planning to start low-volume series manufacturing of its new electric vehicle (EV) in-wheel motor ‘L1500’ in the fourth quarter of 2019, the company announced in a press release on 7 May. Elaphe informed that its L1500 in-wheel motor achieves generates 1500 Nm of torque without using any gears, which is among the highest torque densities of all electric motor...
14-May-2019
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Mercedes-Benz expects PEVs to constitute 50% of its car sales by 2030
Mercedes-Benz is expecting plug-in electric vehicle (PEV) sales to account for 50% of its total car sales by 2030, the company announced in a press release on 13 May. Mercedes-Benz also said that over the next 20 years it aims to have a carbon-neutral new passenger car fleet. ”Let’s be clear what this means for us: a fundamental transformation of our company within les...
14-May-2019
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Hyundai invests in mobility solutions start-up CODE42.ai
Hyundai has announced plans to invest in CODE42.ai, a South Korea-based start-up developing future mobility solutions, reports The Korea Herald. The two companies will co-operate on a smart mobility solution called the Urban Mobility Operating System (UMOS) that bundles various mobility services such as ride-hailing, car-sharing, robot taxies, smart logistics and food deli...
14-May-2019
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Audi lays foundation stone for ‘IN-Campus’ technology park in Germany
Audi has officially laid the foundation of IN-Campus technology park in Ingolstadt, Bavaria (Germany), the automaker said in a press release on 13 May. The technology park is being developed, as a joint venture (JV) project between Audi and the City of Ingolstadt; the two partners aim to invest about half a billion euros in the project. The technology park will have thr...
14-May-2019
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Volkswagen aims to recycle about 97% of all raw materials in battery packs
Volkswagen (VW) is aiming to be able to recycle about 97% of all raw materials from battery packs in the long term, the company announced in a press release on 10 May. In the mid-term, the company is expecting to increase recycling to 72% at its upcoming recycling plant in Salzgitter, Germany, which is expected to start operations in 2020. Significance: Earlier this yea...
14-May-2019
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Electric car sales in Norway grow 25.1% y/y to 4,462 units in April
Sales of all-electric zero-emission car in Norway grew 25.1% year-on-year (y/y) to 4,462 units in April, according to OFV which cited data from Norwegian Public Roads Administration. The all-electric cars constituted 39.6% of Norway’s total car market in April. Sales of new all-electric vans also grew significantly to 192 units, which is more than double compared to 88 i...
14-May-2019
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