Toyota

Linux Foundation’s CAMARA Project and Automotive Edge Computing Consortium to Formally Collaborate to Advance Connected Vehicle Services

Retrieved on: 
Thursday, February 22, 2024

Through this collaboration, AECC and CAMARA will work together to ensure interoperability and compatibility across diverse connected vehicle platforms.

Key Points: 
  • Through this collaboration, AECC and CAMARA will work together to ensure interoperability and compatibility across diverse connected vehicle platforms.
  • By establishing common standards and frameworks, the collaboration aims to unlock the full potential of connected vehicle services and accelerate the adoption of next-generation automotive technologies.
  • “Aligning Project CAMARA with AECC is the next step in enabling the next generation of connected vehicle services,” said Arpit Joshipura, general manager, Networking, Edge and IoT, the Linux Foundation.
  • In addition, the two organizations will work together to mutually educate the market, and help build the connected vehicle services ecosystem for AECC.

indie Semiconductor Achieves Record Fourth Quarter and 2023 Results

Retrieved on: 
Thursday, February 22, 2024

indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced fourth quarter and year end results for the period ended December 31, 2023.

Key Points: 
  • indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced fourth quarter and year end results for the period ended December 31, 2023.
  • Fourth quarter revenue was up 112 percent from the same period a year ago and 16 percent sequentially to a record $70.1 million, within the Company’s prior guidance range.
  • On a GAAP basis, fourth quarter 2023 operating loss was $20.6 million compared to $29.0 million a year ago.
  • Non-GAAP operating loss for the fourth quarter of 2023 was $2.4 million, versus $15.1 million during the same period last year, reflecting higher revenue, improving gross margin and operating expense leverage.

New Vehicle Inventory Gets Back on a Growth Trajectory After Last Month's Seasonal Dip

Retrieved on: 
Wednesday, March 6, 2024

GRAND RAPIDS, Mich., March 6, 2024 /PRNewswire/ -- Cloud Theory, the real-time automotive data insights provider for automotive manufacturers, agencies, and affiliates, is reporting that new vehicle inventory reasserted its growth trajectory after January's seasonal dip, increasing from 2.54M to 2.69M. This latest figure exceeds December supply levels (2.64M), pointing to continued momentum as OEMs overcome supply chain issues, solidify their model year changeovers, and pursue new model introductions.

Key Points: 
  • GRAND RAPIDS, Mich., March 6, 2024 /PRNewswire/ -- Cloud Theory , the real-time automotive data insights provider for automotive manufacturers, agencies, and affiliates, is reporting that new vehicle inventory reasserted its growth trajectory after January's seasonal dip, increasing from 2.54M to 2.69M.
  • This latest figure exceeds December supply levels (2.64M), pointing to continued momentum as OEMs overcome supply chain issues, solidify their model year changeovers, and pursue new model introductions.
  • After last month's cyclical dip, vehicle movement rebounded, hitting 1.06M and is now up 13% on a MoM basis.
  • To see more trends and forecasts on inventory, movement, segment trends, and inventory efficiency, download a copy of the March 2024 On the Horizon report here.

Electric Commercial Vehicle Market worth USD 255.6 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024

The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).

Key Points: 
  • The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).
  • The 121–200 kWh battery capacity segment of the electric commercial vehicle market is witnessing substantial growth for several reasons.
  • The North American electric commercial vehicle market is experiencing significant growth driven by various factors, including tightening emission regulations, increasing environmental awareness, and advancements in electric vehicle (EV) technology.
  • Thus, all such factors are expected to boost the North American electric commercial vehicle market during the forecast period.

Electric Commercial Vehicle Market worth USD 255.6 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024

The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).

Key Points: 
  • The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).
  • The 121–200 kWh battery capacity segment of the electric commercial vehicle market is witnessing substantial growth for several reasons.
  • The North American electric commercial vehicle market is experiencing significant growth driven by various factors, including tightening emission regulations, increasing environmental awareness, and advancements in electric vehicle (EV) technology.
  • Thus, all such factors are expected to boost the North American electric commercial vehicle market during the forecast period.

Central Japan Startup Ecosystem Holds Symposium on "Homeland of Mobility 5.0 - Leading Society to the Next Generation"

Retrieved on: 
Friday, March 1, 2024

The symposium was a hybrid event focusing on Central Japan's commitment to being the "Homeland of Mobility 5.0 - Leading Society to the Next Generation."

Key Points: 
  • The symposium was a hybrid event focusing on Central Japan's commitment to being the "Homeland of Mobility 5.0 - Leading Society to the Next Generation."
  • The event effectively communicated the strength of the Central Japan Ecosystem to overseas media and successfully achieved coverage in key media.
  • Toshio Sumi (Director, Economic Affairs Bureau Startup Support Office, Innovation Department, Nagoya City Economic Affairs Bureau) provided an overview of Central Japan, its history of innovation and manufacturing, and initiatives from the Central Japan Startup Ecosystem.
  • Central Japan Startup Ecosystem provides everything a startup needs – from highly trained workers in many specialized fields to opportunities to conduct feasibility studies with leading companies in various industries including the mobility sector.

Central Japan Startup Ecosystem Holds Symposium on "Homeland of Mobility 5.0 - Leading Society to the Next Generation"

Retrieved on: 
Friday, March 1, 2024

The symposium was a hybrid event focusing on Central Japan's commitment to being the "Homeland of Mobility 5.0 - Leading Society to the Next Generation."

Key Points: 
  • The symposium was a hybrid event focusing on Central Japan's commitment to being the "Homeland of Mobility 5.0 - Leading Society to the Next Generation."
  • The event effectively communicated the strength of the Central Japan Ecosystem to overseas media and successfully achieved coverage in key media.
  • Toshio Sumi (Director, Economic Affairs Bureau Startup Support Office, Innovation Department, Nagoya City Economic Affairs Bureau) provided an overview of Central Japan, its history of innovation and manufacturing, and initiatives from the Central Japan Startup Ecosystem.
  • Central Japan Startup Ecosystem provides everything a startup needs – from highly trained workers in many specialized fields to opportunities to conduct feasibility studies with leading companies in various industries including the mobility sector.

SAN ANTONIO RANKS THIRD IN METRO POSITIVITY AMONG LARGEST CITIES IN THE U.S. AND CANADA

Retrieved on: 
Thursday, February 29, 2024

SAN ANTONIO, Feb. 29, 2024 /PRNewswire/ -- San Antonians like where they live and their happiness is reflected in their job satisfaction according to a recent "Metro Positivity" study included in a newly launched whitepaper from greater:SATX Regional Economic Partnership. In the study, San Antonio finished third of the 41 largest metros in North America, outranking such destination cities as Denver, Toronto, Seattle, and New York.

Key Points: 
  • In the study, San Antonio finished third of the 41 largest metros in North America, outranking such destination cities as Denver, Toronto, Seattle, and New York.
  • They established a "metro positivity score" for each, signifying how the metro in which the associates work contributes to employee satisfaction, engagement, retention, and other outcomes.
  • In other recent news, San Antonio made its debut on the "Top 10 U.S. Markets to Watch List," ranking No.
  • To learn more, click here to review the greater:SATX whitepaper titled "Best Practices to Nurture Metro Positivity Effect: San Antonio Case Study."

Brett Wood serves his second term as Chair of Board of Directors of Industrial Truck Association

Retrieved on: 
Thursday, February 29, 2024

WASHINGTON, Feb. 29, 2024 /PRNewswire-PRWeb/ -- The Industrial Truck Association (ITA) proudly announces the election of Brett Wood, President and CEO of Toyota Material Handling North America, as the Chair of its Board of Directors. With this appointment, Mr. Wood brings his extensive experience and leadership to the forefront of the association's strategic initiatives. This will serve as Wood's second time elected to serve as Board Chair.

Key Points: 
  • WASHINGTON, Feb. 29, 2024 /PRNewswire-PRWeb/ -- The Industrial Truck Association (ITA) proudly announces the election of Brett Wood , President and CEO of Toyota Material Handling North America, as the Chair of its Board of Directors.
  • This will serve as Wood's second time elected to serve as Board Chair.
  • We are thrilled to welcome Brett Wood as the Chair of ITA's Board of Directors.
  • "We are thrilled to welcome Brett Wood as the Chair of ITA's Board of Directors.

2024 CHICAGO AUTO SHOW CONTINUED STRONG PRESENCE FOR 116TH EDITION

Retrieved on: 
Thursday, February 22, 2024

CHICAGO, Feb. 22, 2024 /PRNewswire/ -- The 2024 Chicago Auto Show came to a successful close on Monday, Feb. 19, after a 10-day run at McCormick Place.

Key Points: 
  • CHICAGO, Feb. 22, 2024 /PRNewswire/ -- The 2024 Chicago Auto Show came to a successful close on Monday, Feb. 19, after a 10-day run at McCormick Place.
  • The 116th edition of the show welcomed nearly 260,000 guests to experience the latest cars, trucks and SUVs, automotive technology and electric vehicles.
  • Lucid and Tesla both made a first-time Chicago Auto Show debut and Mazda returned, courtesy of Napleton Auto Group.
  • "We're hopeful this was a one-year decision, and that Stellantis brands will return to the 2025 Chicago Auto Show," said 2024 Chicago Auto Show Chairman JC Phelan.