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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

Green Car Congress

Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

Global 186
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CDK Global begins to restore systems after cyber hack – ET Auto

Baua Electric

The company, which provides software to car dealerships, briefly shut down all its systems on Wednesday, saying it was investigating a cyber incident. Retail technology and software provider CDK Global has begun working to restore systems used by about 15,000 auto retailers to conduct day-to-day business, Bloomberg News reported on Sunday.

Auto 40
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Ola Mobility CFO resigns amid company restructuring – ET Auto

Baua Electric

Kartik Gupta, Ola mobility New Delhi: About two weeks after the resignation of Ola Mobility CEO, the company’s Chief Financial Officer Kartik Gupta has also resigned from the company. Ola Mobility said that Gupta’s exit is part of the company’s restructuring exercise.

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Valeo receives the Frost & Sullivan 2024 Global Company of the Year Award | Autocar Professional

Baua Electric

Valeo has been awarded the 2024 Global Company of the Year Award for Software Defined Vehicle activities by Frost and Sullivan. Each year, Frost & Sullivan presents a Company of the Year Award to the organisation that demonstrates excellence in terms of growth strategy and implementation in its field.

Global 40
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Rosmerta unveils driver monitoring systems at Bharat Mobility Global Expo 2024 – ET Auto

Baua Electric

Driver monitoring system New Delhi: Delhi-based leading auto-tech company Rosmerta Technologies Limited has introduced a cutting-edge AI-based Driver Monitoring & Alert System integrated with a vehicle tracking management system.

Auto 98
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ZF Commercial Vehicle, IIT Madras join hands to build global mobility digital infrastructure – ET Auto

Baua Electric

The BM3S is a first-of-its-kind global digital infrastructure platform for sustainable and intelligent transportation. The BM3S is a first-of-its-kind global digital infrastructure platform for sustainable and intelligent transportation. Kaniappan, MD, ZF Commercial Vehicle, said in a statement.

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Robotics company Difacto raises USD 4.8 mn from Stakeboat Capital – ET Auto

Baua Electric

Ajay Gopalswamy , founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up. Difacto, with three factories in Bengaluru and branches in Pune and Gurgaon, operates globally.