Category: Car news (Page 1 of 8)

Airbus and BMW Group launch Quantum Computing Competition

December 6, 2023 / WIL BALDWIN

Santa Clara, California, December 6, 2023 – Airbus Group SE (Paris: AIR) and BMW Group (Xetra: BMWG) launch a global Quantum Computing Challenge entitled “The Quantum Mobility Quest” to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers. This challenge is the first-of-its-kind, bringing together two global industry leaders to harness quantum technologies for real-world industrial applications, unlocking the potential to forge more efficient, sustainable and safer solutions for the future of transportation.

Quantum computing has the potential to significantly enhance computational power and to enable the most complex operations that challenge even today’s best computers. In particular, for data-driven industries like the transportation sector, this emerging technology could play a crucial role in simulating various industrial and operational processes, opening up opportunities to shape future mobility products and services.

Challenge candidates are invited to select one or more problem statements: improved aerodynamics design with quantum solvers, future automated mobility with quantum machine learning, more sustainable supply chain with quantum optimisation, and enhanced corrosion inhibition with quantum simulation. Additionally, candidates can put forward their own quantum technologies with the potential to develop native apps yet to be explored in the transportation sector.

The challenge is hosted by The Quantum Insider (TQI) and divided into two parts, a four-month phase where participants will develop a theoretical framework for one of the given statements, and a second phase during which selected finalists will implement and benchmark their solutions. Amazon Web Services (AWS) provides candidates with an opportunity to run their algorithms on their Amazon Braket quantum computing service.

A jury composed of world-leading quantum experts will team up with experts from Airbus, BMW Group, and AWS to evaluate submitted proposals and award one winning-team with a €30,000 prize in each of the five challenges, by the end of 2024.

Registration opens today, and submissions will be accepted from mid-January through April 30, 2024 here: www.thequantuminsider.com/quantum-challenge.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Volvo Cars Q2 results shows transformation proceeding full speed ahead

July 20, 2023 / WIL BALDWIN

Volvo Cars (OTC: VLVLY) today reports a 39 per cent increase in operating profits, excluding joint ventures and associates, to SEK 6.4 bn and a corresponding EBIT margin of 6.3 per cent for the second quarter of 2023. The result came despite a SEK 0.9 bn, non-recurring item related to the redundancy programme announced in May, part of securing a more efficient and sustainable cost base for the future. Without this item, the underlying EBIT margin, excluding joint ventures and associates, was 7.2 per cent in the second quarter. This illustrates that the solid underlying performance momentum from the first three months of the year continued during this past quarter.

Click the link below to read the entire press release!

https://www.media.volvocars.com/global/en-gb/media/pressreleases/316863/volvo-cars-q2-results-full-speed-ahead-in-transformation-with-a-solid-business-performance

Eve Partners with Porsche Consulting on eVTOL Global Manufacturing and Logistics

June 1, 2022 / WIL BALDWIN

São José dos Campos, SP, Brazil – May 31, 2022 – Eve Holding, Inc. (NYSE: EVEX), a leader in the development of next-generation Urban Air Mobility (“UAM”) solutions and a carve-out from Embraer S.A. (NYSE: ERJ), announced today that it has chosen Porsche Consulting, Inc. to help define the eVTOL (electric vertical take-off and landing) supply chain, global manufacturing and logistics macro strategy.

Considering advanced manufacturing research and innovation, the companies will combine their aeronautic and automotive expertise to support Eve’s implementation plan. The master services agreement that has been entered into by and between the companies includes studies on industrial operation, logistics, supply chain and parts distribution in an unprecedented approach optimized for efficiency, productivity and safety.

The study will address scalability and distributed production as the UAM market evolves to meet projected demand. While digital transformation generates new possibilities for the industry’s use of more agile technologies focusing on business and sustainability goals, comprehensive network solutions are under consideration to meet unique industry needs.

Ford Announces Ranger Splash is Back! Classic Name Re-Imagined in New Package

September 1, 2021 / WIL BALDWIN

DEARBORN, Michigan, September 1, 2021 – Ford (NYSE: F) Ranger fans, the Splash is back. The much-loved special appearance package from the 1990’s is making a comeback, reimagined for today and starting with the 2022 Ford Ranger Splash Package.

Splash will come in two styles, the Splash Package and Splash Limited Edition. The Splash Package will be available all model year and comes with body-side orange and black graphics and special 18-inch 12-spoke wheels finished in matte black. Ranger Splash includes orange grille nostrils, plus gloss black accents on the grille, bumpers, rearview mirror caps, wheel lip moldings and fender vents. The interior features exclusive seats with orange contrast stitching and unique carbon grain with tuxedo stripes – leather-trimmed in Lariat. Orange contrast stitching also appears on the steering wheel, gear shifter and parking brake boot. Lariat models get orange accent stitching on front and rear armrests and on the dash top.

The Splash Package can be combined with the FX2 or FX4 Package to add more off-road capability to its distinctive looks.

Ford will also bring a fresh dash of color by revealing Splash Limited Edition trucks every few months in a series of one-time-only hues with just a few hundred vehicles available. It also features 18-inch matte black wheels and a unique combination of exterior and interior content and finishes. The Splash – Snow Edition kicks off the first batch.

Ranger Splash Package will be available for SuperCrew models optioned in XLT and Lariat trim series, priced at $1,495 with deliveries starting at the end of the year. Ranger is proudly built at Michigan Assembly Plant in Wayne, Michigan.

Tesla Wants to Become an Electricity Retailer

August 30, 2021 / WIL BALDWIN

Story By RAKESH SHARMA

Last week, Tesla Energy Ventures, a new subsidiary of electric car maker Tesla Inc. (Nasdaq: TSLA), filed an application to become a retail electricity provider in the state of Texas. According to reports, the company plans to sell electricity drawn from the grid to customers and from its battery storage products. Its grid transaction software may also enable customers for its solar panels to sell excess electricity back to the grid.

Click the link to read the full story! https://www.investopedia.com/tesla-tsla-wants-to-become-an-electricity-retailer-5199391?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral

New Special Edition Appearance Package Brings Throwback Style to Mustang Family

August 19, 2021 / WIL BALDWIN

DEARBORN, Mich., Aug. 19, 2021 – Today in celebration of the Woodward Dream Cruise, Ford Motor Company (NYSE: F) is taking a page out of its Mustang history book with the introduction of the new Mustang Ice White Edition Appearance Package for both Mustang coupe and Mustang Mach-E. This marks the first time in 28 years Ford is offering a white-on-white Mustang and the first time ever for the coupe.

“Mustang has always had the power to attract attention on the road, but the new Mustang Ice White Edition could – just like the original ’93 Triple White Fox body feature Mustang – become one of the hot collectibles of future generations,” said Jim Owens, Mustang brand marketing manager. “We are proud to continue a longstanding Mustang tradition of continuously offering fresh, new styling options for customers to empower them to make their Mustang an extension of who they are.”

The package is the first to be offered to both Mustang Mach-E and Mustang coupe customers.

Ice White Edition Mustang Mach-E

The 2021 Car and Driver EV of the Year, North American SUV of the Year and one of the hottest all-electric SUVs on the market will exclusively offer the new Mustang Ice White Edition Appearance Package on Mustang Mach-E Premium models.

Star White Metallic Tri-Coat paint includes unique Star White mirror caps and wheel lip moldings to ice-out the exterior. Front and center on the grille is an Oxford White pony badge, which also appears between the tri-bar taillamps. The package adds unique 19-inch machined-face aluminum wheels with Oxford White-painted pockets.

Light Space Gray sets the cabin stage, appearing on the seats, center console and door-panel armrests. A Bright Silver hex-patterned instrument panel plus an Oxford White pony badge on the steering wheel add chill to the interior environment.

Orders for the 2022 Mustang Mach-E Ice White Edition open in the fall. The vehicle will be in showrooms early next year.

Ice White Edition Mustang Coupe

Reminiscent of the 1993 Triple White Fox body feature Mustang, the 2022 Mustang coupe Ice White Edition gives customers the option to add even more head-turning style to the world’s best-selling sports car¹. Ford made just 1,500 Triple White Fox body feature Mustangs – all convertibles.

Available on Mustang EcoBoost^® and GT Premium fastback models, the Mustang Ice White Edition comes lacquered exclusively in Oxford White and features unique iced-out taillamps, plus heritage-inspired 19×9-inch wheels in matching Oxford White with machine-surfaced pockets. Just like on the Ice White Edition Mustang Mach-E, the Ice White Mustang coupe comes with Oxford White pony badges and fender badging.

The black and white interior features Oxford White leather seat inserts front and rear, plus Oxford White leather door panels. An aluminum appliqué on the dash and white accent stitching on the center console, door panels, shifter boot, headrests and more add to the cool cabin environment.

Ice White Edition Appearance Package-equipped Mustang EcoBoost and Mustang GT Premium coupes arrive at dealers in early 2022.

Embraer Delivers First Phenom 300E as Part of Duet Collaboration with Porsche

July 2, 2021 / WIL BALDWIN

Embraer (NYSE: ERJ) delivered the first limited-edition Phenom 300E aircraft—part of the Duet collaboration with Porsche (OTC: POAHY) – to an undisclosed customer in Fort Lauderdale, Florida. The aircraft was delivered at Embraer’s state-of-the-art Global Customer Center in Melbourne, Florida.

Duet marks the first-ever true collaboration between leading aviation and automotive manufacturers, pairing the fastest and longest-ranged single-pilot certified jet with the gold standard in production sports cars, the Porsche 911 Turbo S. Embraer and Porsche, both known for world-class engineering, performance, and design, worked in tandem to create a seamless experience from ground to air using matching design elements that are only available in this pairing. Only ten of this limited-edition pairing will ever be produced.

As the world’s fastest and longest-ranged single-pilot business jet, the Phenom 300 series transformed the light jet category. With its unparalleled technology, comfort, and performance, the Phenom 300E sets the highest standard of excellence through best-in-class cabin altitude, high mission flexibility, low operating costs and the best residual value in the industry. The 911 is the heart of the Porsche product portfolio and has one of the longest and most celebrated traditions in the automotive industry. The 911 Turbo S represents the pinnacle of the 911 models and delivers exceptional performance combined with a high degree of everyday usability.

Duet brings the Phenom 300E and the 911 Turbo S into perfect harmony as design inspiration for the aircraft mirrors that of the car, and vice versa. Starting with seats, the sew style on the Phenom 300E seats were patterned after that of the 911 Turbo S. Both vehicles’ seats also feature red pull straps, a Speed Blue accent stitch, and carbon fiber shrouds. The flight deck seats were also redesigned to match the seats of the car. On the exterior, both aircraft and car share a matching paint pallet and scheme, complete with a custom two-tone paint finish and hand-painted pinstripes in Brilliant Chrome and Speed Blue, creating a fluid aesthetic throughout both performance machines.

Britta Seeger, Mitglied des Vorstandes der Daimler AG, verantwortlich für Mercedes-Benz Cars Vertrieb & Marketing // Britta Seeger, member of the Board of Management of Daimler AG responsible for Mercedes-Benz Cars Sales & Marketing

Lufthansa Supervisory Board Nominates Britta Seeger, Extends Detlef Kayser

March 3, 2021 / WIL BALDWIN

Stephan Sturm will resign from the Supervisory Board of Deutsche Lufthansa AG (XETRA: LHA.DE), which will go into effect after the Annual General Meeting on May 4, 2021. The Chairman of the Executive Board of Fresenius has been a member of the Lufthansa Supervisory Board since April 2015 and has chaired the Audit Committee since January 2018.

The Supervisory Board Nomination Committee has proposed that Britta Seeger fill the vacancy. The 51-year-old business economist has been a member of the Board of Management of Daimler AG (XETRA: DAI.DE) since 2017 and is responsible for Mercedes-Benz Cars Sales. The Bonn-born manager will be nominated for election at the Annual General Meeting on May 4.

The responsibility as Chairman of the Audit Committee, which is currently held by Stephan Sturm, will be transferred to Harald Krüger at the Annual General Meeting, according to the will of the Supervisory Board.

At a meeting today, the Supervisory Board also decided to extend Detlef Kayser’s (55) contract ahead of schedule for three more years until December 31, 2024.

Dr. Detlef Kayser has been a member of the Executive Board of Deutsche Lufthansa AG since January 1, 2019. As “Chief Operations Officer” he is responsible for the operational processes and fleet and infrastructure management of the Lufthansa Group along with the Group-wide “ReNew” restructuring program.

Amtrak Announces Skip I-95 with Ultra Low Auto Train Fares to Florida

March 2, 2021 / WIL BALDWIN

WASHINGTON – Amtrak is launching a limited-time fare sale for travelers to skip I-95 and travel nonstop from the Northeast to Florida onboard the Amtrak Auto Train. Tickets are available for purchase between March 2 – March 12 for travel to Sanford, Fla., in Coach for as low as $9 or in a private room for as low as $109 each way, plus the cost of your vehicle.

Customers traveling in Coach will enjoy wide, reclining seats with ample legroom, no middle seat and a big picture window to enjoy the view. Prior to arrival, a complimentary continental breakfast is served.

A Roomette features comfortable seating, newly-upgraded bedding, pillows, towels and linens, and a dedicated attendant. An upgrade to a Bedroom offers a trip with twice the space as a Roomette as well as other added amenities. Customers in private rooms can enjoy a complimentary dinner and continental breakfast onboard.

These limited-time one-way fares are as low as:

Limited Time Fares*	One traveler	Two travelers^
Coach	$9	$18
Roomette	$109	$159
Bedroom	$249	$299
*Plus the cost of your vehicle ^Double occupancy required for Roomettes and Bedrooms.

The offer is valid for sale March 2 – March 12, 2021 for southbound travel from Lorton, Va., to Sanford, Fla. Travel dates are March 15 – June 30, 2021.Blackout dates are April 2 and April 5, 2021. This offer is available on Amtrak.com and the Amtrak app. Other terms and conditions apply. To learn more, visit:

Amtrak.com/AutoTrainSale

The Amtrak Auto Train offers daily, non-stop service between Lorton, Va. (near Washington, D.C.), and Sanford, Fla. (near Orlando). Customers can skip I-95 and travel with their vehicles, including cars, vans, SUVs, motorcycles and even small boats or jet-skis. This is the only such service in the U.S. and eliminates nearly 900 miles of driving between the Northeast and all points in Florida.

Tesla to set up electric car manufacturing unit in southern India

February 13, 2021 / WIL BALDWIN

From Reuters News by By Bhargav Acharya and Aakriti Bhalla…

BENGALURU, India, February 14 (Reuters) – Billionaire Elon Musk’s Tesla, Inc. (Nasdaq: TSLA) will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.

“The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” the state government said in a brief statement.

The statement was part of a broader document outlining the highlights of India’s budget to its people in the local language of Kannada.

Click on the link below to read the full story!

https://finance.yahoo.com/news/1-tesla-set-electric-car-190327441.html

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