Mexican Media Brands
NXP Touts Scalable Computing Platform for Next-Gen Cars
NXP Semiconductors NV is launching an integrated microcontroller/microprocessor (MCU/MPU) platform that promises to provide as much as a tenfold performance boost and reduce development times for connected, electric and autonomous cars.
RideCell Acquires Auro Robotics
Smartphone app developer Ridecell Inc. has acquired California-based Auro Robotics, which specializes in automated driving systems for low-speed shuttles and similar applications.
The Business of Auto and Other Issues
Wall Street is enamored of tech companies and even though auto companies, certainly for the past few years, have been as technological as any companies in Silicon Valley or anywhere else, their stocks have been, many think, undervalued, simply because they are perceived as being a part of the “old economy.” But Bloomberg’s Keith Naughton points out on this edition of “Autoline After Hours” that U.S. auto stocks are, for the most part, “back in fashion.” He notes that so far this year GM is up 28 percent, Fiat Chrysler up 95 percent and Ford just 1.2 percent.
Toyota, Mazda Seek $1 Billion in Aid for U.S. Factory
Toyota Motor Corp. and Mazda Motor Corp. hope to land at least $1 billion in tax breaks and other incentives for the assembly plant they intend to open in the U.S. in 2021, sources tell Bloomberg News.
Report: PSA to Cut 400 Vauxhall Jobs in U.K.
PSA Group will drop a production shift and eliminate 400 jobs at its Vauxhall assembly plant in Ellesmere Port, England, by year-end, sources tell Automotive News Europe.
Richard Branson Invests in Hyperloop One
Billionaire Richard Branson’s Virgin Group has made an unspecified investment in startup Hyperloop One, which is one of several companies developing the high-speed “hyperloop” pneumatic transportation concept.
LG Confirms Large-Scale EV Battery Plant in Poland
South Korea’s LG Chem Ltd. says it will open a lithium-ion battery manufacturing plant next year in Wroclaw, Poland, confirming media reports from last year.
Lyft and the Future of Transportation
On Wednesday, on CNBC’s “Power Lunch,” John Zimmer, co-founder and president of Lyft, made a rather interesting comment regarding the state of transportation: “Every year in the United States, $2-trillion is spent on car ownership and yet we use our cars only four percent of the time.” Two trillion.
Toyota’s Fuel Cell Semi
While the wait continues for Elon Musk to unveil the prototype of an electric semi (it was supposed to be shown on October 26, but that has been reportedly pushed back to November 16—for now), Toyota has announced that its hydrogen-powered class 8 semi-truck has completed 4,000 development miles and will go to work on October 23, moving goods from select Port of Los Angeles and Port of Long Beach terminals to warehouses and rail yards.
 sign.jpg;maxWidth=300)
Kobe Adds Steel Wire to Products with Falsified Quality Tests
Kobe Steel Ltd. says it faked quality data about steel wire and rod made outside Japan and used in such products as tires and car engines.