October 28, 2020

Mercedes targets wealthy customers as it expands electric vehicle plans

Mercedes will focus on building cars for wealthier customers and cut a fifth of its costs over the next four years to finance new electric models, the German automaker said, as it seeks to catch up with US rival Tesla.

At a virtual conference for investors on Tuesday, the Daimler subsidiary said it would grow its super-luxury Maybach and G brands, as well as its AMG sports car division, and develop emissions-free versions of vehicles in those ranges.

It also announced the development of a bespoke platform for small and medium-sized battery-powered vehicles, called MMA, which will compete with the architecture on which Volkswagen’s ID. 3 is built.

Daimler already has a similar platform for larger cars, known as EVA.

The premium manufacturer’s shares have staged a strong recovery in recent weeks, returning to pre-coronavirus levels as investors hailed the resilience of demand for premium products and encouraging sales data

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Walser Automotive Expands with Chicago Nissan Acquisition

Minnesota-based Walser Automotive Group is entering into the Chicagoland region with the acquisition of Continental Nissan in Countryside, IL.

Walser Automotive Group, a Minneapolis-area based dealer group, has announced it will buy Continental Nissan of Countryside, Illinois. The single-point purchase, which closed October 1, will mark Walser Automotive Group’s entrance into the Chicagoland market. The store will transition to the name of Countryside Nissan.

“Continental Nissan and the Continental Automotive Group have a longstanding history in the greater Chicago area. Their commitment to serving their employees, customers, and the community reflect our values and the way that Walser does business,” said Walser Automotive Group CEO Andrew Walser. “We are thrilled to carry on that legacy of success.”

The purchase is Walser Automotive Group’s second acquisition this year, buying into the newly formed Hello Auto Group in May, a three-rooftop dealer group based in Santa Clarita, CA.

“This year has been

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Microchip Expands Solutions for Aerospace and Defense, Industrial and Automotive Applications …

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

CHANDLER, Ariz., Sept. 30, 2020 (GLOBE NEWSWIRE) — System designers have limited options for small, robust, feature-rich high-speed ADCs for extended-temperature operation. Microchip Technology Inc. (Nasdaq: MCHP) today announced it has filled this gap with its MCP37Dx1-80 family, the company’s second pipelined ADC offering and first to combine 80 MSPS in a choice of 12-, 14- and 16-bit resolutions, integrated digital features and qualification to a higher temperature range, including Automotive Electronics Council (AEC) Q100. 

“Our latest ADCs meet growing customer demand for robust devices that can be used in high-temperature applications and offer integrated digital processing functions that simplify design and reduce overall development costs,” said Bryan Liddiard, Vice President, Mixed-Signal and Linear division at Microchip. “The MCP37Dx1-80 family joins Microchip’s 200 MSPS ADCs to expand our high-speed offering

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car

Lyft expands services in Denver to offer car rentals

The popular ride-sharing app Lyft expanded its repertoire in Denver this month by launching a car rental service, company representatives say.

“We’re on a mission to make it easier for people to get around without owning a personal car, and a nationwide rental car offering is an integral part of our transportation vision,” Henry Imber, head of Lyft Rentals said in a statement. “Whether going across the city or across the state, renters have a seamless way to reserve their next rental.”

The pilot Lyft Rentals launched in California late last year, Imber said, but this summer the company expanded to other cities across the country, landing in Denver earlier in September. Customers can rent vehicles through the existing Lyft app, which connects users to partnering car rental company Sixt.

“Unlike other rental car companies, they will select the exact vehicle they want prior to pickup,” Imber said. “When they

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Keysight Technologies Expands Automotive Portfolio with New Radar Multi-Target Simulator and Advanced Automotive Ethernet Solutions

The MarketWatch News Department was not involved in the creation of this content.

New solutions enable development of high-quality and high-performance products that improve safety in modern and autonomous vehicles

Sep 28, 2020 (3BL Media via COMTEX) —
SOURCE:Keysight Technologies

DESCRIPTION:

SANTA ROSA, Calif., September 28, 2020 /3BL Media/ – Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, has added two new test solutions to its growing automotive portfolio – Radar Target Simulator and Advanced Automotive Ethernet software – which help automotive industry engineers, designers and manufacturers develop high-quality, high-performance products that improve safety in any driving conditions and enable emerging advanced driver assistance systems (ADAS).

Rapid developments in autonomous vehicles and demand for greater safety features is fueling the need for sensitive and accurate automotive radar technology. Leveraging its expertise in radar

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