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    Analysis of software R&D growth in the automotive industry
    R&D spending by the automotive industry is growing again after a steep decline in 2020. April data from the IHS Markit global automotive R&D survey show automotive companies are increasing their R&D spending by 6.5% compared with 2020. Greater China and Chinese automotive companies are l...
    Magnesium shortage in context: A real threat or just a price spike?
    As the automotive sector struggles to sustain production in light of semiconductor shortages, new concerns emerge around the stability of the supply for magnesium, which is key to aluminum production, and is heavily sourced from Mainland China. The price of the raw material has recorded a three-fold...
    Kyndryl and NetApp partner with BMW Group
    Kyndryl and NetApp have jointly signed a strategic agreement with BMW Group, an official press release on 6 December. The agreement combines Kyndryl's digital infrastructure services with NetApp's cloud-led, data-centric software technology. Kyndryl will manage the enterprise storage infrastructu...
    Otonomo ties up with Amazon Web Services
    Otonomo Technologies has announced plans to building on its Amazon Web Services (AWS) Partner Network membership and AWS Connected Mobility Solution by adding support for AWS IoT FleetWise, according to a 30 November press release. “At Otonomo, we’re committed to driving smarter decisions and...
    Tesla to integrate car sharing feature into its app
    Tesla is working on integrating vehicle sharing into its app, Electrek reported on 3 December. This could be part of the Tesla Network launch. The article stated that Tesla CEO Elon Musk said that one of the core goals of the design of the Model 3 (and later Model Y) was to build the electric car ar...
    06-Dec-2021 News New Products
    AutoTechInsight Weekly – 6 December 2021
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    Rivian selects Amazon Web Services as cloud partner
    Amazon Web Services (AWS) has announced that electric vehicle (EV) maker Rivian has selected AWS as its preferred cloud provider, a company press release on 2 December read. AWS powers Rivian’s software-defined vehicle architecture and over-the-air (OTA) software updates. The architecture treats t...
    Cybersecurity startup Karamba raises USD10 million in extension to Series B round
    Karamba Security has raised USD10 million in new funding in an extension to its Series B financing round, the Israel-based startup said in a press release on 2 December. VinFast led the investment with participation from SVIC, and existing investors like YL ventures, Fontinalis Partners, Liberty Mut...
    03-Dec-2021 News Investments
    ITS America 2021: Continental to display automotive technologies
    Continental will display automotive technology innovations at the ITS America 2021 in Charlotte, North Carolina, it said in a press release on 2 December. Among the technologies to be displayed by Continental is its Wrong Way Driver system, which warns at-risk drivers about vehicles traveling the wr...
    Pirelli, Milan Polytechnic, and Polytechnic Foundation collaborate to develop tires using virtual reality
    Pirelli, Milan Polytechnic, and Polytechnic Foundation partnered to continue the ‘Joint Labs’ venture that focuses on research projects for the continuous technological innovation of tires, Pirelli said in a press release on 2 December. The partnership was initiated 10 years back to de...
    LiveOne launches Android Automotive App
    LiveOne has launched LiveXLive on Google's Android Automotive platform, it said in a press release on 1 December. LiveOne's patented technologies and music and podcast services are now available for download in-dash from Google Play as a native Android Automotive application. “This launch will ...
    Yokohama Rubber’ new AI system developed under HAICoLab predicts key tire characteristics
    Yokohama Rubber has developed a proprietary artificial intelligence (AI) system HAICoLab that is to predict the values of key tire characteristics, the company announced in a press release on 2 December. Yokohama has already begun using this system and expects the new solution to accelerate tire dev...
    02-Dec-2021 News New Products
    TomTom develops open digital cockpit software platform for automakers
    TomTom has unveiled an open digital cockpit software platform for automakers called TomTom IndiGO, it said in a press release on 30 November. The platform unifies all passenger and driver displays through a common user interface that gives access to climate control, audio system, vehicle systems set...
    01-Dec-2021 News New Products
    Darktrace signs multi-million-dollar partnership with automotive technology and electronics company in Europe
    Darktrace, a cybersecurity artificial intelligence (AI) company partnered with one of Europe's largest automotive technology and electronics companies, it said in a press release on 29 November. The automotive technology and electronics company will leverage Darktrace’s AI in the new collaboration...
    30-Nov-2021 News New Products
    Samsung debuts new logic solutions to power next generation of vehicles
    Samsung Electronics introduced the Exynos Auto T5123 for 5G connectivity, the Exynos Auto V7 for in-vehicle infotainment systems and the ASIL-B certified S2VPS01 power management IC (PMIC) for the Auto V series, it said in a press release on 30 November.   “Smarter and more connected autom...
    30-Nov-2021 News New Products
    Startup Basemark launches new eye-tracking based DMS
    Basemark has developed a cross-platform eye-tracking application for the automotive market as a part of its Rocksolid Core end-to-end automotive operating system (OS), it said in a press release on 15 November. “Driver monitoring systems are becoming a new safety standard for all vehicles, and ...
    29-Nov-2021 News New Products
    AutoTechInsight Weekly – 29 November 2021
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    aiMotive announces integration of ROS2 in aiSim
    According to a press release dated 24 November, aiSim has integrated ROS2, making it immediately compatible with one of the most popular prototyping frameworks for advanced driver assistance systems (ADAS) and automated driving solutions. Companies developing self-driving technology prefer to use...
    SwRI develops new system to improve connected vehicle cybersecurity
    Southwest Research Institute (SwRI) has developed an intrusion detection system (IDS) to protect ground vehicles against cyberthreats to embedded systems and connected vehicle networks, according to a press release dated 2 November. While the system was designed for military vehicles, it can also be...
    29-Nov-2021 News New Products
    Honda Motor premieres advanced future safety technologies
    Honda Motor has announced that it is developing advanced future safety technologies in a press release dated 25 November. Part of its goal of realizing “zero traffic collision fatalities involving Honda motorcycles and automobiles globally by 2050,” Honda will use an AI-powered Intelligent ...
    Automotive software specialist Basemark joins AUTOSAR development partnership
    Basemark, a Finnish automotive software specialist and developer of Rocksolid Core Automotive OS, has joined AUTomotive Open System ARchitecture (AUTOSAR), according to a press release dated 25 November. This is a global development collaboration for automakers, suppliers, service providers, and com...
    Jeep recalls MY 2021 Grand Cherokees, MY 2022 Wagoneers and Grand Wagoneers over software issue
    Jeep has issued a recall of 99,255 model year (MY) 2021 Cherokee and MY2022 Wagoneer vehicles over a software snag that could disable passenger airbags without warning, a report on 19 November read. All the models were all introduced in the second half of 2021. Significance: The vehicle's occupan...
    25-Nov-2021 News Recalls
    VeriSilicon Image Signal Processor receives ISO 26262 certification
    VeriSilicon announced in a press release on 23 November its Image Signal Processor (the Vivante ISP) IP ISP8000L-FS V5.0.0, leveraged with advanced and high-performance camera applications receives ASIL-B as Safety Element out of Context (SEooC) in compliance with the ISO 26262 standard. ResilT...
    25-Nov-2021 News New Products
    Baidu receives permit for commercialized autonomous driving services on open roads in Beijing
    Baidu receives approval for commercial operation of its autonomous car service “Luobo Kuaipao” in Beijing, the company said in a press release on 24 November. Apollo Go will help accelerate autonomous commercial operations to a much larger scale.   Significance: Beijing High-level Automa...
    25-Nov-2021 News New Products
    BlackBerry, L-SPARK announce third phase of accelerator program for Canadian connected car firms
    BlackBerry has partnered with software-as-a-service accelerator L-SPARK for the third phase of the joint accelerator program, for companies developing connected vehicle solutions in Canada, it said in a 23 November press release. This year, the accelerator will provide selected companies with acc...
    Cipia raises USD22 million as part IPO
    Cipia has raised USD22 million as part of its initial public offering (IPO), it said in a press release on 23 November.​ Cipia is expected to start trading on the Tel Aviv Stock Exchange. “The success of the IPO will significantly strengthen our business and competitive status, enabling Cipia...
    Cybellum partners with HCL Tech for automotive cybersecurity solution
    Cybellum has tied up with HCL Technologies, it said in a press release dated 16 November. HCL will deploy a delivery model of the Cybellum Cyber Digital Twins platform with associated services to automotive OEMs and suppliers. The model will comprise of a solution for risk assessment, automated vuln...
    Bosch leads software-defined manufacturing project for automotive industry
    According to official press release dated 23 November, Bosch announced that it is heading the research project " Software-Defined Manufacturing for the Vehicle and Supplier Industry” SDM4FZI. Over the next three years, thirty companies will define the foundations for software-defined manuf...
    Panasonic develops new automotive cybersecurity system
    Panasonic is set to introduce a security system for connected cars, Kyodo News reported on 23 November. The new system will see software installed in internet-connected cars detect abnormalities while teams at Panasonic and the automakers will monitor the cars throughout. The teams will collect info...
    23-Nov-2021 News New Products
    Tesla begins releasing new Full Self-Driving Beta software update 10.5
    Tesla is currently rolling out its Full Self-Driving Beta (FSD Beta) update 10.5, Electrek reported on 22 November. It is an early version of its self-driving software that allows the vehicle to drive autonomously to a destination entered in the car’s navigation system, but the automaker insists t...
    23-Nov-2021 News New Products
    Cerence posts 17% y/y rise in FY 2021 revenue at USD387.2 million
    Cerence has reported a 17% year-on-year (y/y) rise in full year (FY) 2021 revenue at USD387.2 million, according to a company press release on 22 November. Net income for the period came in at USD45.9 million compared to a loss of USD18.3 million last year. Gross margin was 73.9% versus 67.4% last y...
    Arriver support BMW and Qualcomm with Vision Perception Software for Automated Driving
    According to a press release on PR Newswire dated 22 November, Arriver, Veoneer's advanced driver assistance systems (ADAS) and autonomous driving software unit, announces that, as part of Qualcomm Technologies' announcement with BMW to bring the latest advancements in driver assistance technologies...
    AutoTechInsight Weekly – 22 November 2021
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    GM to add software lifting charging, parking restrictions on certain MY 2019 Bolt EVs
    General Motors has announced that it will begin installing a software update on model year (MY) 2019 Chevrolet Bolt electric vehicles (EVs), allowing owners to remove the parking and overnight charging limitations, according to a company press release on 19 November. This is part of recall notice...
    GM to retrofit new car heated seat function on vehicles sold in mid-2022
    General Motors said that vehicles sold without heated and ventilated seat features due to the global semiconductor shortage will be eligible starting in the middle of 2022 for a retrofit that will help activate these seat function features according to a statement by Reuters on 19 November. Signi...
    Keysight launches automotive software applications to test advanced infotainment and driver assistance systems
    Keysight Technologies announced new automotive serializer/deserializer (SerDes) transmit and channel test applications, as well as an automotive adapter portfolio to verify mobile industry processor interface (MIPI) A-PHY and Automotive SerDes Alliance (ASA) standards, in an official press release d...
    22-Nov-2021 News New Products
    Startup Eatron raises USD11 million Series A led by MMC
    According to a press release published on TechCrunch on 18 November, UK-based Eatron, which develops this "intelligent automotive software," has raised USD11 million in a Series A funding round led by the United Kingdom's MMC Ventures. Aster Capital and VinFast, a Vietnamese automaker, were also ...
    BlackBerry QNX to power CDC of Mahindra’s XUV700 SUV
    BlackBerry has announced the mass production of the Mahindra & Mahindra’s Cockpit Domain Controller (CDC) that uses the QNX Neutrino Realtime Operating System (RTOS) and QNX Hypervisor, according to a company press release on 17 November. The CDC platform has been selected to power the new XUV...
    Startup Sheeva.AI gets follow-on investment from Conscious Venture Partners
    Sheeva.AI has closed a follow-on investment from Conscious Venture Partners (CVP) through Conscious Venture Fund II investment vehicle, the startup said in a press release on 16 November. The investment will accelerate the adoption of its connected vehicle technology and Open API platform for the au...
    E2open and Jaguar Land Rover extend multiyear partnership to deliver end-to-end connected supply chain
    E2open and Jaguar Land Rover further expand their relationship to strengthen company’s shift to a collective digital supply chain model. Reflecting Jaguar Land Rover’s vision is E2open‘s orchestration platform that remains a backbone for connecting planning, operations and all partners to func...
    CoreAVI debuts safe graphics and compute support for NXP’s i.MX 8
    CoreAVI will provide graphics and compute driver support to NXP Semiconductors’ Arm Cortex-A53–based i.MX 8 applications processors, the company announced in a press release on 16 November. “Our i.MX 8 applications processor family is well suited for Safety Element out of Context compu...
    17-Nov-2021 News New Products
    Faurecia to secure 79.5% of HELLA upon completion of takeover
    Faurecia will hold 79.5% of the shares in HELLA upon completion of its takeover, Faurecia said in a press release on 16 November. The deal translates into an investment of almost USD6.0 billion (EUR5.3 billion) that allows Faurecia to attain financial flexibility. Patrick Koller, C...
    GM restructures IT function into digital business software team and global IT organization
    General Motors (GM) has announced the restructuring of the company's information technology (IT) function into the digital business software team and the global IT organization, according to a company press release dated 10 November. The automaker said the restructuring will support the company ...
    dSPACE and NORDSYS partner to enhance testing of connected autonomous vehicles
    dSPACE and NORDSYS will collaborate to develop an interface that combines advanced driver-assistance systems (ADAS) simulation functions and autonomous driving (AD) functions along with flexible and scalable waveBEE vehicle-to-everything (V2X) solutions to create a test and validation platform,...
    Sibros to provide deep connected vehicle technology to Lightyear One solar EV
    Sibros has announced a collaboration with solar electric vehicle (EV) company Lightyear under which it will provide deep connected vehicle technology to the Lightyear One, a long-range solar EV, according to a company press release on 16 November. “We are excited to join forces with Lightyear t...
    Startup GuardKnox and Carota partner to offer end-to-end OTA and cybersecurity solutions
    GuardKnox, an automotive technology company building high-performance, secure-by-design products for the next generation of mobility, and Carota, a global one-stop over-the-air (OTA) upgrade and remote diagnostic full solution provider, announced their collaboration to deliver seamless OTA update ca...
    Valeo launches first multitask fisheye camera to enhance automated driving
    Valeo has launched fisheye camera technology “WoodScape,” which contains over 10,000 images that will be captured by multiple Valeo vehicles across Europe using automotive-grade cameras, it said in a press release on 15 November. The technology is leveraged by the use of four surround-...
    16-Nov-2021 News New Products
    Continental reports third quarter 2021 financial results
    Continental reported sales of EUR8.0 billion (USD9.08 billion) for the third quarter of 2021 with a year-on-year (y/y) decline of 7.4% from EUR8.7 billion for the same period in the previous year, the company said in a press release on 10 November. Operating income increased to EUR657.2 mi...
    Innoviz’s perception solution becomes compatible with NVIDIA DRIVE Platform
    Innoviz Technologies has announced that its advanced perception solution is supported on the NVIDIA DRIVE platform, according to a company press release on 9 November. Innoviz's perception software enables object detection, tracking, and classification based on its lidar-point cloud data. This provi...
    AutoTechInsight Weekly – 15 November 2021
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    Foresight completes series of technological demonstrations for ADAS applications
    Foresight Autonomous Holdings has announced the successful completion of a two-week series of technological demonstrations in the United States, according to a press release dated 10 November. The demonstrations were for 19 American and global vehicle manufacturers, tier-1 suppliers, and autono...
    MIH Consortium unveils new Open EV Software Platform
    MIH Consortium has revealed the Open EV Software Platform in partnerships with Arm, Microsoft, and Trend Micro, according to a press release dated 20 October. The initial focus of the platform will be to allow automotive developers create applications with smartphone-like development experience on t...
    15-Nov-2021 News New Products
    Continental to roll out DSRC-RP module all over Europe
    Continental has developed a dedicated short-range communications (DSRC-RP) remote sensing device that is said to improve control of tachograph infringements by respective authorities as well as to facilitate random roadside inspections on certain vehicles, the company announced in a press relea...
    Lamborghini to feature what3words in all Huracan models
    Lamborghini Huracan models will integrate what3words by mid-2022, fully enabled by Alexa, that will feature offline navigation, the company announced in a press release on 10 November. What3words will enable Huracan drivers to navigate to their destination by using only three words. Luc...
    CARS acquires automotive fintech platform CreditIQ
    Cars.com has closed the acquisition of CreditIQ, the company said in a press release on 9 November. CreditIQ is an automotive financial technology (fintech) platform. The acquisition was for an initial consideration of USD30 million, which was funded by cash on hand. “The acquisition of Cr...
    Startup Upstream Security collaborates with Volvo for vehicle cybersecurity
    Israel-based startup Upstream Security has partnered with Volvo for the security of software-defined cars, the company said in a press release on 11 November. The collaboration is a direct result of Volvo’s partnership with an innovation hub that focuses on mobility startups in Israel ca...
    Startup Applied Intuition raises USD175 million in Series D funding
    Applied Intuition has raised USD175 million in a Series D financing round, it said in a press release on 11 November. The round was co-led by Elad Gil, Addition, and Coatue Management at a USD3.6 billion valuation. Existing investors, including Semil Shah, Andreessen Horowitz, General Catalyst,...
    Mitsubishi Drivers can now avail user-based insurance discounts from LexisNexis telematics data
    LexisNexis has added Mitsubishi Motors North America’s (MMNA’s) telematics data from its Mitsubishi Road Assist+ app to LexisNexis’s Telematics OnDemand solution, the company said in a press release on 11 November. The solution integrates telematics-based driving behavior data onto auto i...
    Wejo scales data solutions on Microsoft Azure cloud platform
    Wejo has reported additional progress in its strategic partnership with Microsoft, in which the connected car data company developed the ability to deliver a range of new solutions, according to a company press release on 10 November. Wejo has taken in 12 trillion of data points from nearly 12 mi...
    Eclipse Foundation debuts open-source collaboration around software-defined vehicles
    Eclipse Foundation aims to provide the industry with a full-fledge, scalable, business-friendly space for open-source software collaboration and development, the foundation said in a press release on 30 October. Industry partners such as Microsoft, Red Hat, and Bosch are joining the foundation...
    NVIDIA develops AI-based DRIVE Concierge and Chauffeur
    NVIDIA has introduced two computers built with NVIDIA DRIVE Orin—the DRIVE Concierge and the DRIVE Chauffeur, the company said in a blog post on 9 November. DRIVE Concierge is for artificial intelligence (AI) assistance and DRIVE Chauffeur is for autonomous driving. DRIVE Concierge us...
    10-Nov-2021 News New Products
    Cybersecurity startup Upstream Security closes Series C round of funding
    Upstream Security has announced the close of a Series C funding round with BMW i Ventures as a new investor, according to a company press release on 9 November. The sum was undisclosed. “Upstream is committed to leading the way in the development of current and future cybersecurity and data man...
    City of Orange awarded Iteris with USD1.1 million contract for smart mobility and sustainable living
    Orange County Transportation Authority (OCTA) initiated a three-year project with Iteris to improve and better traffic through the traffic signal synchronization project, the company said in a press release on 9 November. This project reflects OCTA’ Project P, a meticulous transportation funding s...
    eSync Alliance collaborates with Autoware Foundation for autonomous vehicle software deployment
    The eSync Alliance has formed a work group with the Autoware Foundation to explore how over-the-air (OTA) updates and data gathering can be used in the software stack for the next generation of autonomous vehicles, according to press release dated 8 November. The eSync software platform provides a b...
    Traffilog acquires cybersecurity startup SafeRide Technologies
    Traffilog has acquired SafeRide Technologies, according to a press release dated 8 November. The combined entity will continue to collaborate with automakers and tier-1 suppliers across the globe to integrate artificial intelligence (AI)-based software products into next-generation vehicles. It...
    Quectel receives ASPICE CL2 certification
    Quectel Wireless Solutions has obtained the Automotive Software Performance Improvement and Capability Determination Containment Level 2 (ASPICE CL2) certificate, it said in a press release on 4 November. Through the level 2 approval, Quectel can be automotive software R&D capable. Min Wang, ...
    Suppliers to the new 2022 NIssan Pathfinder
    The fifth-generation Nissan Pathfinder is assembled at the Nissan Smyrna Assembly Plant plant in Tennessee, USA. Output of this model at the Tennessee plant is expected to peak at around 115,000 units in 2024, according to IHS Markit. If you would like your company included in this featu...
    Suppliers to the new Rolls-Royce Ghost
    The second-generation Rolls-Royce Ghost is assembled at the Rolls-Royce plant in Goodwood, West Sussex, UK. Output of this model is expected to peak at more than 2,000 units in 2023, according to IHS Markit. If you would like your company included in this feature or the car cutaways published...
    Suppliers to the new Skoda Rapid
    The second-generation Skoda Rapid is assembled at the Volkswagen Group Kaluga facility in Russia. Output of this model at the Russian plant is expected to peak at more than 27,000 units in 2023, according to IHS Markit. If you would like your company included in this feature or the car cutawa...
    AutoTechInsight Weekly – 8 November 2021
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    Panasonic Automotive Systems gets ISO 26262 2018 ASIL D process certification
    Panasonic Automotive Systems Company of America has achieved ISO 26262 2018, Automotive Safety Integrity Level (ASIL) D process certification from UL, reportedly becoming the first tier-1 supplier to do so, it said in a 5 November press release. “The future of mixed criticality realization in t...
    Continental develops intelligent software for automated driving
    Continental develops a solution for highly automated driving, according to an official press release dated 4 November. This intelligent software enables complex driving maneuvers to be done autonomously. The Next Generation Driving Planner is a cutting-edge software solution that allows for hig...
    Applied Intuition gets ISO 26262 certification of its autonomous driving simulation software
    Applied Intuition has announced that its simulation software has received ISO 26262 certification, according to a 4 November press release. It has also launched a new verification and validation product called Applied Test Suites. “Simian's ISO 26262 certification helps our global customers dev...
    Genesis GV60 to integrate second generation of startup Sonatus's Digital Dynamics Vehicle platform
    Sonatus has announced that the Genesis GV60 will be the first vehicle to integrate the second generation of the Sonatus Digital Dynamics Vehicle platform, according to a company press release dated 3 November. It will be fitted into its E/E architecture. Sonatus’s platform helps in supporting adva...
    Tesla recalls 11,704 cars over issue with automatic emergency braking
    Tesla has issued a recall for 11,704 vehicles due to an issue over false automatic emergency braking events and forward-collision warnings, Electrek reported on 2 November, citing a statement by NHTSA. The report also says that the issue was fixed with an over-the-air software update. Tesla cance...
    04-Nov-2021 News Recalls
    Porsche uses AI in vehicle development
    Porsche announced on November 3rd that it is using artificial intelligence (AI) in vehicle development to make drive systems even more efficient and sustainable, as well as to further optimise development processes. In the development of traditional combustion engines, for example, AI solves the ...
    Audi launches A8 sedan with new connected technologies
    Audi has announced the launch of its new A8 sedan with multiple new technologies, according to a company press release on 2 November. The MMI touch response operating concept in the Audi A8 uses two (10.1-inch and 8.6-inch) displays and natural voice operation with the starting command of “Hey Aud...
    03-Nov-2021 News New Products
    Ansys and Oculii collaborate to develop new automotive radar systems
    Oculii has said that it is developing artificial intelligence (AI) software and hardware for radar systems using Ansys' simulation solutions, according to a company press release on 2 November. The radar systems will allow autonomous vehicles to accurately understand their surroundings. Ansys soluti...
    Tata Elxsi partners with Green Hills Software to develop platforms for DMS
    Tata Elxsi has partnered with Green Hills Software for a driver monitoring system platform, it said in a press release on 2 November. The platform will combine advanced DMS software (V.O.E.O.S.Y.S) and AUTOSAR Adaptive with INTEGRITY real-time operating system (RTOS). This DMS platform enables OEMs ...
    Automated driving supplier aiMotive expands into Germany by setting up Munich office
    aiMotive opens new setup in Munich, Germany to expand and cater to European market and partners, it said in a press release on 28 October. The new facility is said to support technical aspirations of the company apart from business operations.    "Munich is an important center of the Eu...
    02-Nov-2021 News Investments
    MG Motor India partners with CamCom for AI-enabled car assessment
    According to a press release published on ET Auto on 29 October, MG Motors India and CamCom announce their strategic partnership to facilitate artificial intelligence (AI)-enabled vehicle inspection for repair and service assessment. “The AI-enabled solution will save time for operations and pr...
    AutoTechInsight Weekly – 01 November 2021
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    Analysis of software R&D growth in the automotive industry
    R&D spending by the automotive industry is growing again after a steep decline in 2020. April data from the IHS Markit global automotive R&D survey show automotive companies are increasing their R&D spending by 6.5% compared with 2020. Greater China and Chinese automotive companies are l...
    SiriusXM’ Q3 revenues grow 9% y/y to USD2.2 billion
    SiriusXM reported an increase of 9% year-on-year (y/y) rise in revenue for the third quarter of fiscal 2021, according to its press release on 28 October. Net income was reported at USD343 million in third quarter of 2021 when compared to USD272 million from third quarter of 2020. Operating inc...
    Faurecia reports strong sales at USD3.4 billion in Q3
    Faurecia reported total sales of EUR15.5billion and a high organic sales outperformance of more than 600 base points (bps) according to the company’s press release on 26 October. Operating margin of the company was a strong 6.0% to 6.2% of sales. All business groups and regions reported a well-...
    Wejo appoints Lawrence Burns to board of directors ahead of transaction with Virtuoso Acquisition Corp.
    Wejo appoints Lawrence Burns to its Board of Director, it said in a press release on 26 October. The appointment will take affect post the business combination with Virtuoso Acquisition Corp. Lawrence D. Burns joins the Wejo’ diversified board of members that will serve critical areas in the co...
    Infineon introduces automotive security controller SLI37
    According to a press release dated 26 September, Infineon introduces the SLI37 automotive security controller: a simple to design in and dependable trust anchor for securing safety-critical automotive applications such as 5G-ready eUICC (eCall), vehicle-to- everything (V2X) communication, car access...
    28-Oct-2021 News New Products
    Gentex posts y/y decline in Q3 sales at USD399.6M
    Gentex Corporation reported net sales of almost USD400 million, compared to net sales of USD474.6 million in the third quarter of 2020 on a quarter over quarter (q/q) basis, it said in a press release on 22 October. Operating profit for the third quarter of 2021 was USD88.2 million compare...
    Porsche Ventures invests in China-based digital content startup iMaker
    Porsche Ventures has invested in the technology company iMaker, it said in a press release on 18 October. Porsche, through its investments into technology focused companies such as iMaker, is looking to transform and further expand its portfolio for digital products and services, thereby acceleratin...
    27-Oct-2021 News Investments
    Bosch participates in “Software-Defined Car” (SofDCar) project
    According to an official company press release dated 26 October, Bosch announced that it is participating in the publicly funded “Software-Defined Car” project (SofDCar). The SofDCar project's goal is to establish rules and processes for future software updates and upgrades, as well as a...
    German supplier Eberspaecher hit by cyberattack
    Eberspaecher Group, a German automotive exhaust and heat management system supplier was hit by an organized cyberattack, it said in a statement posted on their website on 25 October. Significance: Commenting on the attack the company said, “Our team is working at full speed with external cybers...
    AutoTechInsight Weekly – 25 October 2021
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    Tesla postpones release of new autonomous driving software due to issues found during testing
    Tesla has decided to hold off on releasing of its new autonomous driving software 10.3 due to issues found during final tests with the beta version, Reuters reported on 24 October citing a Twitter post by electric car maker’s chief executive Elon Musk. “Seeing some issues with 10.3, so roll...
    25-Oct-2021 News New Products
    GM projects USD20–25 billion annual software and services revenue opportunities by 2030
    General Motors (GM) is aiming at boosting its revenues through new software-enabled services, the automaker said during a discussion with investors earlier this month, GM leaders described how the company's Ultium and Ultifi platforms underpin the company's growth strategy in this decade. ...
    TTTech and Infineon reveal fail-operational electronic architecture for the automated driving
    According to an official press release dated 21 October, technology companies TTTech Auto and Infineon Technologies have developed the key components for a fail-operational electronic architecture aimed at highly automated driving at SAE Levels 3 and 4. They claim it will allow for the safe and reli...
    Autoliv to use HERE to analyze driving behavior
    According to an official press release issued on 21 October, HERE Technologies announced that Autoliv will use HERE Speed Limits, Fleet Telematics, and Weather APIs (application programming interfaces) for its Connected Safety Services. Real-time data from the driver's smartphone is used by the A...
    Startup JIMU Intelligent raises USD31.3 million in Series C1 round
    JIMU Intelligent has raised CNY200 million (USD31.3 million) in a Series C1 funding round, it said in a press release on 21 October. The round was jointly led by Forebright Capital and SDIC Unity Capital, with participation from AVIC Pingshan, Founder H Fund, MY Tsinghua Capital, UMC Capital, and ot...
    Vewd selects MediaTek to power solution for in-car infotainment equipment providers
    Vewd has announced that MediaTek’s Autus I20 chipset has been picked to power Vewd for Automotive solution, according to a company press release on 21 October. The platform is a cloud-managed content aggregation and monetization solution for in-vehicle infotainment equipment providers and car manu...
    Polestar 2 rolls out major OTA update
    Polestar has begun rolling out major updates over-the-air (OTA) incrementally in all markets to improve driving and user experiences in the Polestar 2, it said in a press release on 19 October. The new P1.7 update includes an in-car Range Assistant app that offers information on improving efficiency...
    22-Oct-2021 News New Products
    KPIT and ZF to develop middleware solution for mobility ecosystem
    According to a press release published on PRNewswire on 21 October, KPIT Technologies, a leading independent software development and integration partner to the automotive and mobility industries, and ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles, an...
    Startup Wayve and DPD launch fleet data collection pilot program in UK
    Wayve, the London-based company pioneering deep learning for autonomous urban mobility, announced a Fleet Data Collection Pilot with DPD, the UK's leading parcel delivery firm, in an official press release dated 20 October. The companies are collaborating to investigate how computer vision and machi...
    2021 CIDEE: Great Wall Motors showcases intelligent driving solutions
    Great Wall Motors has showcased multiple models and intelligent products at the 2021 China International Digital Economy Expo (CIDEE) in September, according to an official press release on 20 October. It showcased Alcolock technology which monitors a driver's alcohol concentration through the u...
    21-Oct-2021 News New Products
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