Foresight signs agreement with Hitachi to design, test, and evaluate autonomous-driving vision systems
Key Signals in Automotive
Centre Setup and Expansion Doosan dealership Browns Industrial Sales opens new location The company has expanded its reach with new parts and service locations in Cold Lake, Alberta. Browns Industrial Sales has served customers in Alberta and Saskatchewan since 2010 and carried Doosan heavy equipment products since 2012. Read More>> Stellantis launches primary healthcare center in Ohio to serve employees The company has launched a primary care health and wellness center in collaboration with ProMedica Health System. Starting July, the health-care center will serve more than 9,500 employees and their families working and living within a 15-mile radius of the facility. Read More>> BMW to challenge Tesla by opening an EV factory in China The company has begun production in a new plant in Shenyang, China. Representing a 15-billion-yuan investment, Plant Lydia appears as a significant move in the electric-vehicle segment from BMW while directly rivaling the US EV maker Tesla, which operates a factory in Shanghai. Read More>>Deals Strip Tinning wins contracts with car manufacturers BMW and Skoda The company won a five-year nomination with BMW AG for its Glazing division. The Birmingham-based supplier of electrical connectors started trading on London’s AIM in February of this year at 185 pence per share. Read More>> Valeo signs ADAS contract for BMW Group’s next-gen EVs The company has entered a significant deal under which Valeo will provide the ADAS domain controller, sensors, and software for parking and manoeuvering for BMW’s next-generation modular Neue Klasse platform for electric vehicles, due to launch in 2025. Read More>> Foresight signs agreement with Hitachi Astemo Americas The company has signed a deal with Hitachi Astemo Americas to test and evaluate autonomous-driving vision systems. The paid joint proof of concept project with Hitachi Astemo calls for evaluating and testing simulated and real-life autonomous driving scenarios. Read More>>Partnerships Jaguar Land Rover announces collaboration with Anderson EV on home charging tech The company will be able to charge their vehicles at home thanks to a new agreement with Andersen EV. The partnership will see the home chargers installed at Jaguar Land Rover showrooms, where customers can try them out and place an order while reserving their vehicle. Read More>>Mergers and Acquisitions Bharat Forge, a subsidiary, completed the acquisition of JS Autocast Bharat Forge acquired Coimbatore-based JS Autocast Foundry India Private Limited. The deal to acquire JS Autocast, which supplies critical machined ductile castings for wind, hydraulic, off-highway, and automotive applications. Read More>> Polestar Plumbing, Heating & AC acquires Steve Jones AC in Olathe, KS The company acquired Steve Jones Air Conditioning in Olathe, KS. With the new addition of the former Steve Jones Air Conditioning in Olathe, KS, Polestar is excited to establish new relationships with even more Kansas and Missouri home and business owners. Read More>>Executive Movement Ex-Nissan sports car boss named as new Caterham CEO Ex-Nissan sports car boss Bob Laishley has become CEO of Caterham Cars, replacing Graham Macdonald, retiring after 15 years at Caterham 10 as CEO. Laishley’s promotion to the top chair comes just a year after he was brought on board as a chief strategy officer in the wake of Caterham’s acquisition by Japanese retail group VT Holdings. Read More>> Royal Enfield appoints ex-HMSI boss YS Guleria as Chief Commercial Officer The company has appointed Yadvinder Singh Guleria as the Chief Commercial Officer. Guleria will spearhead sales, marketing, and aftermarket functions for Royal Enfield. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
Lotus Cars raises USD 74 Mn in the drive to go electric
Lotus raised the fund to fuel its transition to electric vehicles as the Norfolk-based firm scraped back into profit. The funding is primarily for Lotus’s switch to electric vehicles and the development of a new car body that will form the basis of models from 2026, including the cryptically named Type 135. Read More>>
Startup Spotlight
Company – Carma Total Funding – USD 76.62 Mn About: Carma is a fully digital used car dealership, offering an extensive range of quality used vehicles at fixed prices, delivered to the home. It has integrated and instantly approved financing, in-house inspection and reconditioning process, warranties, and a 7-day and easy returns policy. Read More>>
Latest Reports Published in Draup
Oshkosh Corporation Account Intelligence Report
Oshkosh offers a battery-powered hydraulic telescopic crane that helps users power their hydraulic cranes even when the vehicle is off. It utilizes robotics to deliver improved operator safety and enhanced productivity. Read More>>
Kia Motors Account Intelligence Report
Kia Motors provides Sportage Plug-in hybrid with extensive electric mobility and exceptional fuel economy. The company implements an electric charge network that enhances the managing requirements of wind farms. Read More>>
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