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Category Archives: mobility company
Ford Motor Structure Threatens Viability. Vast Reorg Coming
Ford Motor Structure Threatens Viability. Vast Reorg Coming Continue reading
Dare Forward 2030 – Stellantis Survival Plan Unveiled
As part of the leadership mantle Stellantis wants to wear, it wants 100% of sales in Europe and 50% of sales in the United States to be battery-electric vehicles (BEVs) by the end of this decade. “We plan to have more than 75 BEVs and reach global annual BEV sales of 5 million vehicles by 2030,” said Carlos Tavares during a web broadcast for media. Continue reading
Toyota Expands Customer Data Use for Insurance Savings
CAS does business with insurance carriers to provide customers with the ability to use their driving data to price their insurance “more accurately.” Drivers of Toyota vehicles interested in receiving potential insurance savings can opt in to Insure Connect, Toyota’s latest connected service. The company is also focused on creating a future of safer roads and improved driving conditions. Continue reading
Audi of America, Verizon to bring 5G to Vehicle Line
Verizon is also linking with all three major cloud providers for mobile edge compute services, which can be used to develop innovative safety and autonomous driving features. Mobile edge computing with 5G connectivity provides the low latency needed for urgent C-V2X communications, such as the ability for vehicles to communicate with other vehicles, connected infrastructure, and devices in the environment around them in near real-time. Continue reading
Posted in connected vehicles, electronics, mobility company
Tagged 5G, Audi of America, auto industry commentary, autoinformed.com, C-V2X, Ken Zino, Verizon
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Michigan Gives $7.5m to Ford for Corktown Innovation District
Anchored at the Michigan Central Train Station, which Ford originally announced support for in 2018, the district will be a state-of-the-art facility that will serve as a “globally-recognized hub for talent, mobility innovation, entrepreneurship, sustainability, affordable housing, small business opportunities and community engagement.” Since 2018, Ford has been in the process of investing $740 million in the 1.2-million-square-foot campus, which is expected to hold 5,000 Ford and non-Ford workers. Continue reading
‘Press Release’ EVs – Volta Trucks Raises €230M
Volta is claiming a “Europe-first principles within its Road-to-Zero Emissions strategy, with Volta Trucks set to launch four full-electric commercial vehicles and increase its projected sales volumes to more than 27,000 by 2025.” Given the competition from existing truck makers, this is ambitious – and only a promise until production begins. Following an order of electric trucks from DB Schenker in late 2021, pre-orders for the Volta Zero now exceed 5,000 vehicles, with a value of more than €1.2 billion, Volta claims. Continue reading
Honda Motor to Make Sweeping Organizational Changes in April to Survive and Sustain Itself as a Mobility Company
Translation: The changes are needed to survive the electrification business, new business, and combined solution business, which will require bolstering the development of software, as well as the strengthening the development of core electrification technologies. Continue reading
BMW Manufacturing is Largest US Auto Exporter Again
Forget Trump’s wrong assertion that trade is a zero-sum game and failed trade war, BMW Manufacturing led the US in automotive exports by value for the eighth consecutive year, according to the U.S. Department of Commerce. During 2021, BMW Plant Spartanburg exported 257,876 BMWs with a total export value of more than $10.1 billion. Continue reading
Connected Cars – State Farm and Ford to Offer UBI Coverage
Eligible 2020 Model Year and newer connected Ford and Lincoln vehicles, with the consent of the owner, can share information directly with State Farm to enable Drive Safe & Save. The more customers improve their driving behaviors, the greater the insurance discount they may obtain, the companies claim. Continue reading
Mercedes-Benz Group Posts Some Strong 2021 Results
However, the Mercedes-Benz Cars & Vans segment has exceeded the guidance range of 10-12% and now expects an adjusted Return on Sales of 12.7% in the full year. Despite the ongoing semiconductor shortages, during Q4 Mercedes-Benz Cars & Vans showed an adjusted Return on Sales of 15.0%, driven by high net pricing, good product mix and favorable used car performance. The strong profitability of the car business also translated into a solid industrial free cash flow exceeding the company guidance.
Penske Automotive Posts Record Q4, Full-Year 2021 Results
“During the fourth quarter, our diversified business and strong execution by our team produced record revenue, earnings before taxes, net income, and earnings per share, driven by strong retail automotive and commercial truck vehicle margins, a 26% increase in same-store retail automotive gross profit, and continued strong earnings from Penske Transportation Solutions which increased 62%,” CEO Roger Penske said. Continue reading
First Wireless EV Charging Road Slated for Michigan
“As we aim to lead the future of mobility and electrification by boosting electric vehicle production and lowering consumer costs, a wireless in-road charging system is the next piece to the puzzle for sustainability,” said Governor Whitmer. Continue reading
Stellantis Doubles China Sales, Bolsters and Consolidates Aftermarket as Jeep Sales Plunge
In an announcement that foreshadows details on Stellantis’ plan for the Chinese market that will be announced as part of a global strategic plan on 1 March 2022, the French conglomerate said Dongfeng Motor* sold more than100,000 vehicles in 2021. This doubled the annual sales volume of 2020. Continue reading
Software – Honda Invests in US-based Helm.ai
Helm.ai is an artificial intelligence software startup company established in November 2016. Honda and Helm.ai have been working in together since 2019 through Honda Xcelerator*3, described as a global open innovation program of Honda. Continue reading
Cruise CEO – It Will Be Hard to Sell a Car That Isn’t Self-Driving
The challenges are the cost of the technology that works and customer satisfaction – make the riders happy. Cruise is 6 weeks into dozens of driverless vehicles on the roads. The technology is scalable from two cities, to three, to 20 to… exponential growth. Hence the capital market interests. Continue reading →