Aptiv

Failure to launch: Workhorse Group ousts CEO as production delays escalate

Quarter after quarter of missed production targets finally caught up with Workhorse Group CEO Duane Hughes, ousted Thursday at the electric delivery van maker and replaced by auto industry veteran Rick Dauch.

Workhorse (NASDAQ: WKHS) has produced very few composite body electric vans in each of the past few quarters. Supply chain disruptions are the latest setback following a decision to change battery suppliers and a COVID outbreak that affected 36% of the workforce.

The company failed to meet...

https://www.freightwaves.com/news/failure-to-launch-workhorse-group-ousts-ceo-as-production-delays-escalate

Motional moves to driverless vehicle testing

Motional testing driverless vehicles in Las Vegas

With agreements in place with ridesharing companies Via and Lyft (NASDAQ: LYFT), and backed by the expertise of Hyundai Motor Corp. (LSE: HYUD.LN) and Aptiv, Motional has taken another step in its desire to be the autonomous vehicle of choice. The company announced that it not only is testing driverless vehicles – with no drivers – on roadways but that it has secured a key outside endorsement of its product from consulting firm TÜV SÜD.

“Not all driverless systems are created equal. Ours is the...

https://s29755.pcdn.co/news/motional-moves-to-driverless-vehicle-testing

Career Tracks: Virgin Hyperloop hires CFO

Mass transportation innovator Virgin Hyperloop has hired Raja Narayanan as chief financial officer.

Narayanan most recently was a senior vice president for the Hyundai-Aptiv autonomous driving joint venture. Prior to that, he was with OneWeb, leading “the creation of a financially compelling offering for commercial aviation,” Virgin Hyperloop said. 

He also was a vice president at Panasonic and led the deployment of a strategic plan for the Internet of Things-based automation of the appliances...

https://s29755.pcdn.co/news/career-tracks:-virgin-hyperloop-hires-cfo