Workflow
Automotive Technology
icon
Search documents
Ousted Luminar CEO Austin Russell wants to buy the company
TechCrunch· 2025-10-17 13:38
Core Insights - Austin Russell, the billionaire founder of Luminar, is attempting to acquire the lidar manufacturer five months after his removal as CEO due to an ethics inquiry [1][4] - The acquisition plan involves Russell's new company, Russell AI Labs, purchasing 100% of Luminar's Class A Common Stock, with intentions to potentially merge Luminar with a larger automotive technology company to form a unified platform [2][3] Group 1: Acquisition Details - The acquisition proposal was made on October 14, following suggestions from certain Luminar shareholders and board members, though specific names were not disclosed [3] - If the acquisition proceeds, Luminar would remain publicly traded, and Russell may invest in the newly combined entity [2] Group 2: Background Context - Russell's removal as CEO was announced on May 19, coinciding with Luminar's first-quarter earnings report, and was attributed to a "code of business conduct and ethics inquiry" conducted by the board's audit committee [4][5] - Russell has a history of takeover attempts, including a failed bid for Forbes in 2023, which faced complications due to investor follow-through issues and alleged connections to a Russian oligarch [6] Group 3: Current Company Structure - Despite his removal, Russell remains on Luminar's board and was expected to assist the new CEO with transition and technology matters, although he has not signed any SEC filings since his departure [8] - Russell co-founded Russell AI Labs in September, which aims to support transformative AI and technology companies, and has already invested $300 million in an AI company called Emergence [9]
Cerence xUI Selected as AutoTech AI Solution of the Year by AutoTech Breakthrough
Globenewswire· 2025-10-16 12:00
Core Insights - Cerence Inc.'s hybrid AI platform, Cerence xUI™, has been awarded AutoTech AI Solution of the Year at the AutoTech Breakthrough Awards, recognizing its innovation in automotive and transportation technologies [1][3] Company Overview - Cerence Inc. is a global leader in creating AI-powered experiences in the automotive sector, with over 525 million cars equipped with its technology [4] - The company specializes in voice, generative AI, and large language models, partnering with leading automakers and technology firms to enhance user experiences [4] Product Features - Cerence xUI™ is powered by CaLLM™, offering multi-modal capabilities and integration with third-party models, enabling natural voice interactions for drivers and passengers [2][5] - The platform supports complex interactions through multi-step conversational threads and can process a wide range of user inputs, enhancing the in-car experience [5] - xUI's architecture is designed to be flexible and future-proof, allowing integration with both OEM-first and third-party technologies, thus avoiding vendor lock-in [5] Industry Recognition - The AutoTech Breakthrough Awards program highlights excellence in automotive technologies, with xUI standing out among thousands of nominations from 15 countries [3][7] - The award emphasizes the value xUI delivers to OEMs and end users, providing a personalized and context-aware AI assistant experience [3]
ECARX to Report Third Quarter 2025 Financial Results on November 3, 2025
Globenewswire· 2025-10-15 11:00
Core Points - ECARX Holdings, Inc. will report its financial results for Q3 2025 on November 3, 2025, before the U.S. market opens [1] - An earnings conference call will be held on the same day at 8:00 a.m. U.S. ET, with a live audio webcast available [2] - Audio replay and presentation materials will be accessible on the company's investor relations website after the event [3] Company Overview - ECARX is a global automotive technology provider specializing in turnkey solutions for next-generation smart vehicles, including system on a chip (SoC) and central computing platforms [4] - Founded in 2017 and listed on Nasdaq in 2022, ECARX employs over 1,600 people across 13 locations worldwide [5] - The company collaborates with major automakers such as Volkswagen Group, FAW Group, and Dongfeng Peugeot-Citroën, with its products present in over 9.3 million vehicles globally [5]
Wall Street Analysts Believe Mobileye (MBLY) Could Rally 25.86%: Here's is How to Trade
ZACKS· 2025-10-14 14:56
Core Viewpoint - Mobileye Global (MBLY) shares have increased by 10.2% in the last four weeks, closing at $15.2, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $19.13, representing a 25.9% upside [1] Price Targets and Analyst Consensus - The average of 23 short-term price targets ranges from a low of $12.00 to a high of $30.00, with a standard deviation of $4.35, indicating variability in estimates; the lowest estimate suggests a decline of 21.1%, while the highest points to a 97.4% upside [2] - Analysts' price targets can mislead investors, as empirical research shows that they rarely indicate the actual price direction of a stock [7] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Potential Upside - Analysts have shown increasing optimism about MBLY's earnings prospects, with a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 4.4% over the past month, with one estimate increasing and no negative revisions [12] - MBLY holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [13] Conclusion on Price Movement - While consensus price targets may not reliably indicate the extent of MBLY's potential gains, they do provide a useful guide for the direction of price movement [14]
Luminar to Provide Quarterly Update on November 13, 2025
Businesswire· 2025-10-13 12:30
Core Points - Luminar, a leading global automotive technology company, will provide its quarterly update for Q3 2025 on November 13, 2025 [1] - The financial materials will be published at 4:00 p.m. EDT and will be accessible on the company's Investor Relations website [1] - A conference call is scheduled for 5:00 p.m. EDT on the same day to discuss the financial results [1]
Garrett Motion to Hold Third Quarter 2025 Financial Results Conference Call on Thursday October 23, 2025
Globenewswire· 2025-10-09 11:00
Core Points - Garrett Motion Inc. plans to release its third quarter financial results on October 23, 2025, before the U.S. market opens [1] - A conference call will be held on the same day at 8:30 am EDT / 2:30 pm CET, with participation details provided [2] - The conference call will be webcast and include a slide presentation, with access available through the Investor Relations section of Garrett's website [3] Company Overview - Garrett Motion Inc. is a leader in differentiated automotive technology with a 70-year history of innovation in the automotive sector and beyond [4] - The company specializes in turbocharging, contributing to significant reductions in engine size, fuel consumption, and CO2 emissions [4] - Garrett is focusing on developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and systems for battery electric vehicles [4] - The company operates six R&D centers, 13 manufacturing facilities, and employs over 9,000 people across more than 20 countries [4] - Garrett's mission is to advance the transportation industry through unique, differentiated innovation [4]
Gentherm Announces Date for 2025 Third Quarter News Release and Conference Call
Globenewswire· 2025-10-08 20:30
NOVI, Mich., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, will report its financial results for the third quarter 2025 on Thursday, October 23, 2025, and will host a conference call to discuss those results at 8 am (ET) that same day. Conference CallToll-free dial-in number: 1-877-407-4018International dial-in number: 1-201-689-8471Conference ID number: 13756525 WebcastA live webcast and one-year archiv ...
Deutsche Bank Upgrades Mobileye To Buy Ahead Of Q3 Results
Financial Modeling Prep· 2025-10-06 18:51
Group 1 - Deutsche Bank upgraded Mobileye N.V. from Hold to Buy, raising its price target to $19.00 from $16.00, with shares climbing more than 3% intra-day following the announcement [1] - Analysts expect Mobileye to surpass guidance and raise its full-year outlook ahead of the third-quarter earnings on December 3, while investor expectations remain muted regarding new design wins or robotaxi developments [1] Group 2 - Deutsche Bank indicated that the base advanced driver-assistance systems (ADAS) business is now largely de-risked, with potential partnership announcements with Toyota before year-end [2] - The firm noted that Intel's improved balance sheet, supported by U.S. government funding and strategic investments, reduces the likelihood of further Mobileye share sales [3] - While maintaining conservative long-term forecasts, Deutsche Bank suggested that valuation multiples could re-rate higher based on future OEM wins [3]
Lear Announces Date for Third Quarter 2025 Earnings Conference Call
Prnewswire· 2025-09-30 19:06
Core Viewpoint - Lear Corporation will hold a conference call to discuss its third quarter 2025 financial results on October 31, 2025, at 9:00 a.m. EDT [1]. Group 1: Conference Call Details - The conference call can be accessed using the conference code 4394275 [2]. - A live audio webcast will be available on Lear's Investor Relations website, with a replay accessible two hours after the call [2]. - A slide presentation for the third quarter 2025 will be available on Lear's website prior to the earnings call [2]. Group 2: Company Performance - Lear Corporation achieved seven top-four finishes in the J.D. Power 2025 Seat Quality and Satisfaction Study, leading all automotive suppliers [4].
Valeo - End of the share buy back program
Globenewswire· 2025-09-29 06:30
Core Viewpoint - Valeo has concluded its share buy-back program, having acquired a total of 2,584,352 shares at an average price of 9.6736 euros as part of its strategy to support employee share plans and enhance company performance [2][3]. Group 1: Share Buy-Back Program - Valeo initiated a share buy-back program as authorized by the General Shareholders' Meeting on May 22, 2025 [2]. - The company signed a contract on June 17, 2025, to facilitate the acquisition of shares [2]. - The shares acquired are intended to cover free and performance share plans, employee involvement in company growth, and other employee savings plans [3]. Group 2: Company Overview - Valeo is a technology company that partners with automakers and new mobility players globally, focusing on safer, smarter, and more sustainable mobility solutions [4]. - The company has a strong presence in four key areas: electrification, driving assistance systems, interior experience reinvention, and lighting, which are crucial for the transformation of mobility [4]. - As of February 28, 2025, Valeo reported sales of 21.5 billion euros, employed 106,100 people, and operated in 28 countries with 155 plants and 64 research and development centers [5].