Autoliv announced that its Board of Directors has instructed management to conduct a strategic review of its operating structure with the intent to create separate companies of its current business segments, Passive Safety and Electronics.
Unit sales significantly above prior-year level at 822,500 vehicles (+8%)Revenue up by 7% to â‚¬41.2 billionSignificant increase in Group EBIT to â‚¬3.7 billion (Q2 2016: â‚¬3.3 billion)Net profit of â‚¬2.5 billion (Q2 2016: â‚¬2.5 billion)Free cash flow of industrial business of â‚¬3.0 billion in first half of year (Q1-2 2016: â‚¬2.1 billion)Significant growth in unit sales and revenue anticipated for full-year 2017Group EBIT expected to be significantly higher than in 2016Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars: "We had an excellent second quarter. Our strategy is taking effect. We have set ourselves ambitious targets. And we are achieving them â€“ in terms of unit sales and of profitability."Bodo Uebber, Member of the Board of Management of Daimler AG responsible for Finance & Controlling and Daimler Financial Services: "We are successfully utilizing growth opportunities and making systematic use of business potential as well as the opportunities of digitization. We have the financial resources that are required for this growth path
Market Research Report estimates the drivers, restraints, and opportunities relating to the MaaS market over the timeframe of 2017-2022 providing an in-depth analysis of the latest trends, present and future business scenario, market size and share, and commercialisation potential of industry over the coming five years.
Global distributor Mouser Electronics and engineer spokesperson Grant Imahara are teaming up to present the Shaping Smarter Cities project, part of Mouser's Empowering Innovation Together program. The new series explores global technological solutions for dense population zones, and how different companies are aiming to create a more livable future for our cities.
Microsoft and Baidu announced plans to partner in order to take the technical development and adoption of autonomous driving worldwide. As a member of the Apollo alliance, Microsoft will provide global scale for Apollo outside of China with the Microsoft Azure cloud.
Volvo Cars has announced that every Volvo it launches from 2019 will have an electric motor, marking the historic end of cars that only have an internal combustion engine (ICE) and placing electrification at the core of its future business.