Navistar appoints three new directors

On October 14, 2016, the board of directors of Navistar International Corporation (NYSE: NAV) appointed José Maria Alapont, Stephen R. D’Arcy and Dennis A. Suskind as new directors, effective immediately.

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“We are delighted that José, Stephen and Dennis have agreed to join our board as each brings a wealth of relevant experience and special expertise to the board,” said Jim Keyes, Navistar’s non-executive Chairman of the Board. “Their knowledge and expertise will be invaluable to Navistar and its management team.”

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Mr. Alapont has been appointed as a member of the Board’s Finance Committee; Mr. D’Arcy was appointed as a member of the Board’s Audit Committee; and Mr. Suskind was appointed as a member of the Board’s Compensation Committee.

Mr. José Maria Alapont, age 66, retired in 2012 as President and Chief Executive Officer of Federal-Mogul Corporation, an automotive and industrial equipment supplier. Mr. Alapont served as Chairman of the Board of Directors of the company from 2005 to 2007 and continued to serve as a Director on the Board until 2013. He is also the former Chief Executive Officer and Director of Fiat Iveco, S.p.A. Prior to joining Fiat Iveco, Mr. Alapont held executive, Vice President and President, positions for more than 30 years at other leading global vehicle manufacturers and suppliers at Delphi Corporation, Valeo S.A., and Ford Motor Company. During 2011-2012 Mr. Alapont was a member of the Board of Directors of Mentor Graphics Corporation. He was a member of the Davos World Economic Forum and currently serves as a Director of Hinduja Automotive Limited and Manitowoc Corporation.

Mr. Stephen R. D’Arcy, age 61, has served as a Partner of Quantum Group LLC, an investment and consulting firm since 2010. Previously, he worked for PricewaterhouseCoopers LLP, a multinational professional services firm, for 34 years, serving most recently as Global Automotive Leader from 2002 to 2010. He served on the Board of Vanguard Health Systems Inc., a company previously listed on the New York Stock Exchange from 2011 to 2013, and currently serves as a Director of Penske Corporation Premier, Inc. and the Hudson-Webber Foundation. He also served as Non-Executive Chairman of the Board of Trustees of The Detroit Medical Center from 2006 to 2010.

Mr. Dennis A. Suskind, age 73, joined J. Aron & Company in 1961 where he served as Executive Vice President and was responsible for the worldwide precious metal trading operations. In 1980, Mr. Suskind became a general partner of Goldman Sachs upon its acquisition of J. Aron & Company until his retirement in 1991. During his tenure in trading metals, Mr. Suskind served as Vice Chairman of NYMEX, Vice Chairman of COMEX, a member of the board of the Futures Industry Association, a member of the Board of International Precious Metals Institute, and a member of the boards of the Gold and Silver Institutes in Washington, D.C. Mr. Suskind previously served on the Board of NYMEX Holdings and currently serves as a Director of the CME Group, Inc. and Bancorp, Inc.

These appointments increase the number of Navistar board members to 12.

Source: Automotive World

Ashok Leyland unveils India’s first indigenous electric bus called Circuit

Commercial vehicle major Ashok Leyland on Monday launched ‘Circuit’ Series – first Electric Bus Made in India.

Designed and engineered in India, for India, by Indians – the 100 per cent electric bus is a zero-emission, non-polluting vehicle, created specifically for Indian roads and passenger conditions, the company  said in a statement.

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India’s first indigenous electric bus, Ashok Leyland Circuit

This new Circuit range of vehicles will be offered on multiple platforms.

Vinod K Dasari, Managing Director, Ashok Leyland, said, “The Circuit series of buses is another testament to Ashok Leyland’s commitment to leverage India’s technological innovation to deliver relevant and best-in-class solutions for India and the world”.

In April 2015, at FAME Delhi workshop, the company had committed to vehicles with full electric power trains by January 2017. The first vehicle in this new Circuit series, ahead of schedule.

“The product that will enhance the environment in the cities – this is in keeping with Ashok Leyland’s philosophy of ‘Aapki Jeet, Hamari Jeet’,” said Dasari.

The Circuit series vehicles are all exclusively engineered on India-specific platforms that can tackle varied topography, gradients, and usage conditions. Integrated with a fire detection and suppression system (FDSS), this truly Indian innovation can travel 120 kilometers on a single charge.

It is built on a simple, mass-market platform that will enable the operator to cater to customers in city centres with minimal operational and maintenance costs.” said T Venkataraman, Senior Vice President Global Bus.

Ambuj Sharma, IAS, Additional Chief Secretary, Industries and Commerce, Government of Tamil Nadu, said, “Today is a very significant day for us as a state and as a country. India’s first ever fully electric bus, developed for India and made in India, is a big leap in mass public transport and we are glad that Ashok Leyland has been able to deliver this.”

“This vehicle will support the Government’s initiative of reducing fuel import bill and is a promise for a brighter and cleaner future for all of us and for our future generations,” he added.

Source: Business Standard

NEONODE SIGNS SUPPLY CONTRACT WITH US-BASED AUTOMOTIVE OEM

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STOCKHOLM, Sweden – October 14, 2016 – Neonode Inc., the Optical Interactive Sensing Technology Company, has signed a contract to supply its zForce AIR™ sensor modules to a US-based automotive OEM for vehicle entry systems, adding to Neonode’s list of automotive customers, who have already shipped over 1 million cars — in over 30 different car models — with zForce® technology. The value of the contract exceeds USD11M over its term starting in Q3, 2017.

zForce AIR technology, the technology that powers the AirBar™ device that brings displays to life by adding touch and gesture sensing to both new and existing PCs, can also be adapted to fit the most diverse automotive applications.

The automotive industry is currently reinventing itself, going through some of the biggest changes in its history. This increases the demand for innovative and cost effective sensor solutions and applications. zForce AIR sensors are thin, modular strips inserted along only one edge of a detection area, making integration easy for this wave of creative innovation. zForce AIR sensors bring the most advanced sensor technology to automotive OEMs with the quality and reliability that the auto industry requires, and that our customers, including Alpine, Bosch and Volvo, to name a few, have come to expect from Neonode.

The robust zForce AIR sensor is suitable for multiple deployments within one vehicle, including infotainment systems, entry systems, interactive steering wheels, as well as any surface inside or outside the vehicle to which an auto manufacturer wants to add touch or proximity sensing functionality. We expect to see multiple opportunities for deploying zForce AIR sensors in cars in the very near future, and in self-driving cars. To this end, Neonode is in the process of obtaining automotive-class certification for its zForce AIR module production facility in Sweden.

“We are extremely pleased to have our new sensors leading the way for entry systems in the automotive industry. We see this new supply contract as further evidence that Neonode will be a solid force in the automotive segment”, said Gunnar Fröjdh, VP Automotive Sales.

“The automotive industry represents large potential long term growth and stability in our global expansion plans. Neonode’s zForce technology is already installed in over 1 million cars today and its reliability and performance are proven in the industry”, concluded Thomas Eriksson, Neonode CEO.

About Neonode

Neonode Inc.develops and licenses optical interactive sensing technologies. Neonode’s patented optical interactive sensing technology is developed for a wide range of devices like automotive systems, printers, PC devices, monitors, mobile phones, tablets and e-readers. NEONODE and ZFORCE are trademarks of Neonode Inc. registered in the United States and other countries. ZFORCE AIR and AIRBAR are trademarks of Neonode Inc. All other trademarks are the property of their respective owners.

Source: Neonode

Latest insider information about Tata Hexa

“Tata Hexa uses a torque converter automatic transmission unit which cannot be repaired, the only option is replacement. It weighs 90 kilos and costs 7 lakh rupees”

Tata Motors is all set to launch the Hexa SUV in India. Recent media reports have revealed that the Hexa will be launched in January 2017. But before its official launch, various details about the upcoming SUV have come to light.

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Tata Hexa at Auto Expo

We had earlier reported that the Hexa will be powered by the same VARICOR 400 diesel engine that does duty under the Safari Storme. This engine will be capable of generating 154 BHP @ 4,000 rpm and a peak torque of 400 Nm @ 1,700-2,700 rpm. The Hexa will also get four driving modes – Auto, Comfort, Dynamic and Rough Road.

Recent insider information about the upcoming Tata SUV reveals many details about its placement and feature list. Please note that these aren’t official revelations, and thus there is scope for some changes in the final feature list.

  • Tata Hexa will come in 5 manual (XE 4×2, XM 4×2, XM 4×4, XT 4×2, XT 4×4) and 4 automatic variants (XMA 4×2, XMA 4×4, XTA 4×2, XTA 4×4)
  • All variants will have the 154 BHP power output figure
  • Entry-level XE trim will have a 5-speed transmission, while all other variants get 6-speed transmissions (manual and automatic)
  • The automatic gearbox is codenamed “G6450”; G=Gear box, 6=number of gears, and 450=maximum handling torque in Nm
  • The automatic transmission is a torque converter unit, and follows the P-R-N-D-(+)M/S(-) shift pattern. It weighs 90 kgs and costs Rs. 7 lakhs
  • If the AT is damaged, it cannot be repaired. Replacing it is the only option
  • XT and XTA variants will come with 6 airbags, while the lower XM & XE variants will have 2 airbags
  • ABS is standard across the range
  • XT trim will also get electronic stability programme (ESP)
  • Added safety equipment on offer includes EBD (Electronic Brake-Force Distribution), VDC (Vehicle Dynamic Control), ROM (Roll-Over Mitigation, with ESP), HBA (Hydraulic Brake Assistance), HHC/HDC (Hill Hold Control/Hill Descent Control) & TCS (Traction Control System)
  • Hill Hold Control (HHC) stays activated for 3 seconds, after which you need to apply the brakes/handbrake
  • XM and XT variants will get a 10-speaker (6 normal speakers and 4 tweeters) sound system
  • The instrument cluster and infotainment system on the XM and XT trim levels will support voice-activated commands
  • Instrument cluster will have different coloured zone display for fuel level – Green, Orange & Red. It will also showcase the Distance to Empty (DTE) reading
  • The Hexa will get flippy, foldable keys
  • Higher variants will get 19-inch alloy wheels
  • 1st Free Service at 3 months/5,000 kms, whichever is earlier
    2nd Free Service at 6 months/10,000 kms, whichever is earlier
    3rd Free Service at 12 months/20,000 kms, whichever is earlier
  • Subsequent paid service intervals – 12 months/20,000 kms, whichever comes earlier
  •  Tata will be offering a 3 years/1,50,000 km standard warranty for the Hexa

The Hexa will be marketed under the tagline ‘Confident Luxury’. Though pricing still isn’t finalized, speculations suggest a placement in the range of Rs. 11 lakh – Rs. 18 lakh.


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 Source: TEAM-BHP.COM