Organization
Infiniti Has New Design Chief
Taisuke Nakamura is Infiniti’s new Head of Design, replacing Karim Habib, who has left the company.
Porsche Buy Into TriEye
Israeli startup TriEye, whose shortwave infrared (SWIR) sensing technology enables vision in adverse weather and night-time conditions, have expanded their Series A funding
Former Opel CEO to Chair Hella Shareholder Committee
Carl-Peter Forster, a former CEO of Opel and a BMW veteran, will become chairman of Hella’s shareholder committee. His appointment is expected to be confirmed at Hella’s AGM on 27 September, when the term ends of his predecessor, Manfred
AMS Pitch Osram Takeover Bid
Sensor makers AMS have thrown their hat into the ring—or, more specifically, thy’ve thrown €4.3bn into the bidding competition for Osram, which means they’re now competing against Bain Capital and The Carlyle Group. Osram confirmed they will start
AMS Pause Osram Takeover Plan
Sensor makers AMS have changed their mind about their Osram takeover plan. The company have decided to reëvaluate a potential transaction with Osram after having talked with potential financial partners about it. Their new position: they don’t see “sufficient
BrightWay’s Future Brightens Up
A spinoff of Elbit Systems, BrightWay Vision (BWV) are an Israeli company that is developing a Gated Imaging system for autonomous vehicles. They’ve announced the addition of strategic and venture capital investors and the completion of
Osram to consider a $3.8b takeover bid
German lighting Osram said that its supervisory board would meet soon to review a binding offer from private equity firms Bain and Carly to buy the company for €3.4 billion.
The two investors have offered 35 euros ($39.49) a share, Osram said in a statement,
Hella to Make Electronics for BAIC
Hella are planning to make electronic components for BAIC Motor under a 50-50 joint venture with BAIC parts subsidiary Beijing Hainachuan Automotive Parts in the east China city of Zhenjiang.
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The plant, is expected to start production in early 2020,
LRC, Lumitex in Strategic Pact
The LRC (Lighting Research Center) at Rensselaer Polytechnic Institute is forming a new strategic collaboration wit Lumitex, an innovator in lighting and light-based technologies. The LRC and Lumitex will coöperatively develop a joint research agenda