Among dozens of lidar companies pioneering technology that helps autonomous vehicles perceive the road ahead, many can build prototypes that effectively function. Few have production contracts that pave the way toward mass production. Lidar startup AEye joined the ranks of the latter Tuesday. Global supplier Continental said it had acquired a minority share in AEye. Together, the two companies intend to jointly develop the sensors and ready them for automotive production by 2024.
(Reuters) – Bolder Industries has signed a letter of intent (LOI) to merge with blank-check acquisition company GigCapital2 Inc GIX.N in a deal that would take the U.S. sustainable rubber ingredient manufacturer public and value it at close to $900 million, including debt, people familiar with the matter said on Monday.
It would be the latest deal by a blank-check vehicle, or special-purpose acquisition company (SPAC), for an environmentally focused business, following mergers for bioplastics company Danimer Scientific and Agricultural technology firm AppHarvest.
COVID-19 has affected tire manufacturers in a myriad of ways, and Continental Tire the Americas is no exception. While the company has made changes to its dealer program this year, they’ve shown resilience with the help of industry partners and have a big 2021 ahead.
Three-quarters of Americans (74%) plan to travel for the holidays, however, they’re changing how and when they venture out. At the same time, apprehension about planning travel far in advance is on the rise, as only 16% of Americans are willing to commit to personal travel more than six months out.
In hard numbers, 2020 looks pretty good so far compared to 2019. The number of people who have died in motor vehicle traffic crashes was down from 16,988 in 2019 to 16,650 in 2020, a decrease of 2 percent. The trouble with relying on just one number is that those deaths hide the massive societal changes the world went through this spring (and is still going through) with the coronavirus.
When you factor in an important aspect of that change, vehicle miles traveled (VMT), you actually see that more people died this year, on average, than last year. That’s because VMT was down a dramatic 16.6 percent (or 264.2 billion miles) in the first six months of 2020, which pushed up the fatality rate per 100 million VMT, a metric the NHTSA uses to more accurately compare vehicle and road safety over time.
A newly released survey of parents of U.S. teens conducted by Michelin North America and the Governors Highway Safety Association (GHSA) reveals that 62% say their child has experienced a COVID-19 related disruption in driver education/licensing, but 35% don’t have a backup plan for replacing lost learning.
Hanover, Germany, September 2020. Continental is a founding partner and, as of 2021, the premium sponsor of the Extreme E series. The technology company will equip all vehicles in the races with tires for the various events, which will all prove very challenging. In this interview, Alejandro Agag, CEO of Extreme E and Formula E, talks about the special fascination of the new format. He talks about the beginnings and the social aspirations of the innovative E-SUV series, but also about the partnership with Continental and the extraordinary importance of tires.
Yokohama Rubber announced that it will consolidate its various off-highway businesses into one single entity. This will include Alliance Tire Group (ATG), which Yokohama bought four years ago and Yokohama’s off-the-road (OTR) tire businesses across the globe. This new entity, named Yokohama Off-Highway Tires, will have a global footprint with leadership team distributed between Tokyo, Boston, Amsterdam and Mumbai.
Automotive Industries Association of Canada recently released its Outlook 2020 Study, prepared by Ernst & Young (EY). The report was designed to provide an overview of the automotive aftermarket sector in Canada, including its economic impact, specific segments, product and service offerings as well as the workforce employed in the sector.
Based on these findings, there’s no question that the aftermarket sector plays a pivotal role in the Canadian economy. In 2019, data points to approximately 491, 800 Canadians being employed in the aftermarket, representing almost 2.9% of total employees nationwide.
The Board of Directors of the European Tyre and Rubber Manufactures’ Association gave a strong signal of commitment and continuity to face the actual macroeconomic scenario, via the confirmation of the presidency to Mr Franco Annunziato, Bridgestone Vice president and Senior Advisor. In the same meeting, Mr Joan Vicenç Durán, from Consorcio Nacional de Industriales del Caucho, was elected Vice President. Both functions are effective as of 1st January 2021 for a three-year mandate.