Mercedes

Luminar Reports Third Quarter 2023 Business Update and Financials

Retrieved on: 
Wednesday, November 8, 2023
Automotive Manufacturing, Manufacturing, OEM, Element, Q&A, Yoy, Security (finance), Rate, Car, Public expenditure, Data collection, Net, Original equipment manufacturer, GAAP, Lidar, TPK, Acquisition, Software, SOP, EPS, Liquidity, Partnership, Order book, Webcast, Depreciation, Volvo, Mercedes, Letter, DFM, FCF, Annual report, Semiconductor, Cryptocurrency, Automotive industry, Surveying, Hazardous waste, Video game, Bank, Broadcasting, Iris, Luminar

Today Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the third quarter of 2023.

Key Points: 
  • Today Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the third quarter of 2023.
  • Luminar has now commenced the process of series production tooling for Iris+ in partnership with TPK.
  • Throughout 2023, Luminar has continued to sign deals across hardware, software/AI, and semiconductors with new and existing customers.
  • What: Video webcast featuring quarterly business update, Q3 financials and live Q&A
    A live webcast of the event will be available on Luminar’s investor site at https://luminartech.com/quarterlyreview .

Mercedes-Benz Direct Chat: an internal ChatGPT application for employees

Retrieved on: 
Monday, October 30, 2023
Automotive, General Automotive, Technology, Other Automotive, Software, Artificial Intelligence, Intelligence, Explainable artificial intelligence, Integrity, ChatGPT, Microsoft, Workforce, Artificial intelligence, Environment, Mercedes-Benz, Machine learning, Microsoft Azure, LINK, Privacy, Eye, Mercedes, AI, AG, Online shopping, Sales, Automotive industry

Mercedes-Benz is rolling out an internal web application for its employees – the Mercedes‑Benz Direct Chat.

Key Points: 
  • Mercedes-Benz is rolling out an internal web application for its employees – the Mercedes‑Benz Direct Chat.
  • That's why our employees should be given the opportunity to work with this groundbreaking technology and gain their own experience in a protected environment.
  • To get employees started with this topic and the tool, Mercedes‑Benz is providing them with a variety of training courses.
  • With Turn2Learn, our company is providing employees with appropriate qualifications – including for Mercedes‑Benz Direct Chat."

Visteon Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Tata, OEM, App Store (iOS/iPadOS), SUV, Public expenditure, Mercedes-EQ, EBITDA, Visteon, VAN, Android, Growth, VC, Mercedes, Ford Transit Custom, Video game

VAN BUREN TOWNSHIP, Mich., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported third quarter 2023 financial results.

Key Points: 
  • VAN BUREN TOWNSHIP, Mich., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported third quarter 2023 financial results.
  • Total global vehicle production increased 4% from the prior year, however Visteon customer production was flat over the same period.
  • Gross margin in the third quarter was $143 million, and net income attributable to Visteon was $66 million or $2.32 per diluted share.
  • “We delivered strong results in the third quarter and continued to strengthen our foundation for future growth,” said Sachin Lawande, President and CEO.

Standard Motor Products' October Release Includes 276 New Numbers

Retrieved on: 
Thursday, October 26, 2023
Toyota, Union of Sales and Marketing Professionals, Turbocharger, VVT, Ford, Lincoln, Ford Transit, RAM, CT5, Lexus, Infiniti Q50, Chrysler, Cadillac, Senior, Solenoid, Honda, Evaporator, General Motors, Trailblazer, Internal, Aircraft pilot, Bolt, Subaru Legacy, Mercedes, Chevrolet, Marketing, Accord, Toyota Prius, Automotive industry, Nissan

NEW YORK, Oct. 26, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 276 new part numbers in its October new number announcement.

Key Points: 
  • NEW YORK, Oct. 26, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 276 new part numbers in its October new number announcement.
  • This most recent release provides new coverage in 113 distinct product categories and 118 part numbers for 2022, 2023 and 2024 model-year vehicles.
  • Standard® and Four Seasons® continue to expand their industry-leading programs for hybrid and electric vehicles.
  • Standard® and Four Seasons® continue to expand their industry-leading programs for hybrid and electric vehicles.

Hicks Law Firm Obtains Six-Figure Settlement for Victim in Motorcycle Accident

Retrieved on: 
Monday, October 23, 2023
Deformity, Health, Crash, Life, Palpation, Abrasion, Trauma, Forehead, Quality of life, City, Mercedes, Consciousness, Pain, Back pain, Nose, Insurance, Road

COSTA MESA, Calif., Oct. 23, 2023 /PRNewswire/ -- Attorneys at Hicks Law Firm obtained a six-figure settlement for the victim of a motorcycle v. automobile accident in which the firm's client was seriously injured and suffered significant financial loss.

Key Points: 
  • COSTA MESA, Calif., Oct. 23, 2023 /PRNewswire/ -- Attorneys at Hicks Law Firm obtained a six-figure settlement for the victim of a motorcycle v. automobile accident in which the firm's client was seriously injured and suffered significant financial loss.
  • In March of 2023, at approximately 2:44 PM, Mr. Hicks' client was operating his motorcycle at a normal speed.
  • "The negligent driver's actions cost my client his health and drastically changed his quality of life following the incident," said Aaron T. Hicks , founding partner at Hicks Law Firm.
  • This settlement will go a long way toward helping him get the medical care he needs to live his life."

EV Sales Growth Lags Behind Available Inventory

Retrieved on: 
Thursday, October 19, 2023
Cloud, Research, OEM, Social media, Associated, EV, Ford, Apollo, Tesla, Original equipment manufacturer, Electric vehicle, VSS Unity VP-03, GM, Joint Declaration: Challenges to Freedom of Expression in the next decade, Hyundai Motor Group, BMW, International Journal of Data Science and Analytics, Mercedes, Future, EVS, Data science, Fireworks, Automotive industry

GRAND RAPIDS, Mich., Oct. 19, 2023 /PRNewswire/ -- As automotive manufacturers ramp up electric vehicle production to meet aggressive government targets, sales are not keeping pace with current inventory levels, causing EV days-to-move to more than double. In addition, while Tesla is firmly entrenched as the EV market share leader, no other manufacturer has emerged as a strong number two.

Key Points: 
  • "EV sales are rising but are not keeping pace with EV inventory growth.
  • Cloud Theory found EV inventory has nearly doubled from 3% of available new vehicle inventory in January 2023 to 6% in September 2023.
  • In the same timeframe, EV sales have gone from 3% of vehicle market share in January to 4% in September.
  • Download the entire 40 page report HERE , which includes detailed insights into the current leading OEMs in the EV market.

Monroe® Intelligent Suspension Adaptive Dampers from Tenneco Selected for Top Performance vehicle

Retrieved on: 
Monday, October 16, 2023
Partnership, SL, Torque, G class, Mercedes-AMG C-Coupé DTM, Mercedes-AMG, Comfort, Formula, OEM, Mercedes, Acceleration, Sint-Truiden, Race, Electric motor, Tenneco

NORTHVILLE, Mich., Oct. 16, 2023 (GLOBE NEWSWIRE) -- The 2023 Mercedes-AMG C 63 S E PERFORMANCE plug-in hybrid will feature Tenneco’s Monroe® Intelligent Suspension CVSA2 electronic dampers.

Key Points: 
  • NORTHVILLE, Mich., Oct. 16, 2023 (GLOBE NEWSWIRE) -- The 2023 Mercedes-AMG C 63 S E PERFORMANCE plug-in hybrid will feature Tenneco’s Monroe® Intelligent Suspension CVSA2 electronic dampers.
  • CVSA2 technology continuously adjusts damping characteristics based on steering wheel angle, vehicle speed, acceleration, body displacement and other data points.
  • The same Monroe Intelligent Suspension technology is available in a variety of Mercedes-AMG SL models as well as the G-Class SUV.
  • The broad adjustment range of the CVSA2 adaptive dampers is well suited to comparatively heavy plug-in hybrid performance cars.

Short-Range Radars Have Huge Potential in the Automotive Radar Market, Finds IDTechEx Research

Retrieved on: 
Monday, October 16, 2023
Certification, Honda, AEB, BSD, Radar, ACC, Weather, ADAS, EQS, Honda Legend, Maas, Legend, Growth, BMW, Mercedes, Mercedes-Benz S-Class, Research, Instrumentation

Despite their near ubiquitous presence in vehicles, IDTechEx's new report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finds that there is still large growth potential for this sensor, mostly driven by new opportunities for short-range radars.

Key Points: 
  • Despite their near ubiquitous presence in vehicles, IDTechEx's new report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finds that there is still large growth potential for this sensor, mostly driven by new opportunities for short-range radars.
  • IDTechEx's new report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finds that only ~30% of new vehicles in 2022 were shipped with BSD systems.
  • With one front radar and four side radars, five might sound like a lot of radars per vehicle.
  • Despite IDTechEx's report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finding that short-range radars have the most growth potential, it also highlights the changing demands for front-facing radars.

Short-Range Radars Have Huge Potential in the Automotive Radar Market, Finds IDTechEx Research

Retrieved on: 
Monday, October 16, 2023
Certification, Honda, AEB, BSD, Radar, ACC, Weather, ADAS, EQS, Honda Legend, Maas, Legend, Growth, BMW, Mercedes, Mercedes-Benz S-Class, Research, Instrumentation

Despite their near ubiquitous presence in vehicles, IDTechEx's new report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finds that there is still large growth potential for this sensor, mostly driven by new opportunities for short-range radars.

Key Points: 
  • Despite their near ubiquitous presence in vehicles, IDTechEx's new report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finds that there is still large growth potential for this sensor, mostly driven by new opportunities for short-range radars.
  • IDTechEx's new report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finds that only ~30% of new vehicles in 2022 were shipped with BSD systems.
  • With one front radar and four side radars, five might sound like a lot of radars per vehicle.
  • Despite IDTechEx's report " Automotive Radar 2024-2044: Forecast, Technologies, Applications " finding that short-range radars have the most growth potential, it also highlights the changing demands for front-facing radars.

Autonomous Vehicles Will Drive Automotive Sensor Market Growth, Finds IDTechEx Research

Retrieved on: 
Wednesday, October 11, 2023
Lidar, Certification, Ultrasound, 3D, S class, Players, 2600-series (CTA), Radar, Original equipment manufacturer, SAE, Safety, Sensor, Velodyne Lidar, ADAS, Growth, Pedestrian, BMW, Darkness, Mercedes, City, Life, Research, Instrumentation, Bridge

With level 2 vehicles only requiring a single forward-facing radar, level 3 clearly creates a big opportunity for the automotive radar market.

Key Points: 
  • With level 2 vehicles only requiring a single forward-facing radar, level 3 clearly creates a big opportunity for the automotive radar market.
  • IDTechEx's report "Automotive Radar 2024-2044: Forecasts, Technologies, Applications" finds that 70% of new vehicles are shipped with a forward-facing radar.
  • This seismic change in radar technology unlocks new performance and new value for this sensor with a long-established presence in the automotive market.
  • The automotive LiDAR market is currently very small, with only a handful of vehicles deploying this futuristic sensor.