article thumbnail

How Will Electric Cars Destabilize the Automotive Industry?

Galido

Information Technology Blog - - How Will Electric Cars Destabilize the Automotive Industry? The traditional automotive industry is in a period of flux. In most developed nations we are seeing the market begin to be dominated by hybrid cars, which have better fuel efficiency. Information Technology Blog. Falling Stock Prices.

article thumbnail

Connected car company Xevo, owned by Lear, hit with layoffs in Seattle area

GeekWire

The company, acquired by global automotive giant Lear in 2019, develops connected-car software for automakers including Toyota, GMC, Hyundai, and others. specializes in automotive seating and electrical systems and employs more than 174,000 people across 257 facilities in 38 countries. (Xevo Photo). Bellevue, Wash.-based

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Wall Street analysts expect the company to report net sales (revenue) of $131.5 Analysts expect earnings of 35 cents a share, vs. a loss of 20 cents a share a year ago (which included a valuation loss on the company’s Rivian Automotive investment). billion, up 8.5% from a year ago, as reported by Yahoo Finance.

Report 74
article thumbnail

5G connected cars: Can telcos take the driver’s seat?

TM Forum

Global automotive manufacturers are busy striking new partnerships with the telecoms industry, both to connect cars to 5G and to give consumers a choice of communication service providers (CSPs) when connecting their vehicles. BMW recently announced it is partnering with. Deutsche Telekom’s 5G network covers 80% of the population.

article thumbnail

CES 2023: A list of Washington state companies showing off their latest tech gadgets and services

GeekWire

Elektrobit is a global vendor of software products and services for the automotive industry, powering such things as connectivity and security, automated driving, user experience and more. based company provides net-generation WiFi, internet, voice and data solutions. Elektrobit. With an office in Bothell, Wash., The HaptX Gloves DK2.

Company 86
article thumbnail

JLR revs up AI and intelligent automation initiatives

CIO Business Intelligence

JLR’s move to electric drive trains is part of a wider business transformation the company calls Reimagine, under which it also plans to halve greenhouse gas emissions from its supply chain and operations, compared to 2019 levels, by 2030, and to reach net zero carbon emissions by 2039. It’s been a great success,” says Battle.

article thumbnail

Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public

The Verge

The transaction will net LiveWire approximately $545 million at a pro forma enterprise value of approximately $1.77 Garcia and Giddens teamed up last year with the express purpose of merging with a business that is working toward the United Nations’ Sustainable Development Goals, according to Reuters.