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Panasonic seeks to expand business in the auto industry 

Teslarati

Panasonic Automotive already formed relationships with companies in the industry, like Amazon and Fisker. Last year, Panasonic Automotive Systems Company of America unveiled Virtual SkipGen, a collaboration with Amazon. The parent company hopes to give Panasonic Automotive “access to large and new financing opportunities.”

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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

Following regulatory approvals, the company was founded at the end of April. XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. The company’s goal is to expand its project business gradually and achieve a powerful workforce within the next five years.

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Vision-oriented AI company Recogni raises $25M; investors include Toyota AI Ventures, BMW i Ventures, Faurecia

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the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,

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EC rolls out CARS 2020 action plan for European auto industry

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It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

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While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

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