Hyundai Mobis announced it is investing US$50m in leading US light detection and ranging (lidar) technology company Velodyne Lidar to help speed up development and commercialisation of Level 3 autonomous driving lidar systems.
Israeli start-up, Hi Auto has raised US$4.5M in a seed round to commercialise an audio-visual solution for speaker separation and speech enhancement in vehicles.
Indonesia's new vehicle market declined slightly to 92,874 units in September from 93,103 units in the same month of last year, according to wholesale data compiled by industry association Gaikindo.
German car parts manufacturer Brose - which recently announced the axing of 2,000 jobs in Germany - plans to spend EUR180m (US$200m) on the construction of a factory in Pancevo, in northern Serbia, the Serbian government reportedly has said.
Honda is to collaborate with Vattenfall to provide an electricity tariff tailored for electric vehicle owners in Europe.
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24 Oct, 2019
The new, hot Land Rover Defender SVR will get a BMW-sourced 4.4-litre twin-turbo V8, and our exclusive images preview how it could look
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24 Oct, 2019
Audi’s RS 3 hot hatchback has been caught on camera, sporting a lairy body kit and a pair of enormous exhaust tips
Daimler has reported a third quarter gain (up 8%) to operating profit as sales of Mercedes-Benz cars rose. However, there was a warning over diesel litigation cost uncertainties.
Visteon has opened a new engineering center in Querétaro, Mexico.
The European car market posted significant growth in September 2019, as 1.28m cars were registered, according to JATO Dynamics analysis.
News
24 Oct, 2019
Tesla’s third quarter results reveal a 21 per cent rise in share values to $307.12 thanks to high delivery numbers and cost reductions
Plastic Omnium has recorded third-quarter revenue up 10% to EUR2.24bn (US$2.5bn), while the supplier posted nine-month revenue up 17% to EUR6.9bn.
Analysts and investors were left disappointed by a set of Ford financial results for the third quarter which showed lower profitability as the company was hit by losses incurred in regions around the world, especially China.
Veoneer has posted third-quarter net sales down 12% to US$462m.
Veoneer said its third quarter results were better than expectations with the exception of net sales which declined 12% to $462m.
Volkswagen said it had trimmed an hour off the time needed to make the eighth generation Golf.
Honda has unveiled the redesigned, fourth generation Jazz [aka Fit], featuring advanced two-motor hybrid powertrain technology as standard for the first time.
With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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