Hyundai Mobis Sets Out for Strategic Investment in AR HUD, investing in leading company, UK’s Envisics

  • Developing autonomous driving specialized AR HUD for mass production by 2025
  • Implementing the ‘First Mover’ strategy targeting the premium market growing 12% a year
  • Increasing investment in infotainment in addition to autonomous driving and electrification

SEOUL, South Korea, Oct. 7, 2020 /PRNewswire/ — Hyundai Mobis (KRX:012330) announced on the 7th that it has made a significant investment in Envisics, a UK based global leader in Augmented Reality Head-Up Display (AR HUD). AR HUD is a next generation safety convenience feature that matches driving information with the road ahead in real-time and projects it onto the windshield.

Hyundai Mobis has been making aggressive investments in autonomous driving and electrification over the last 3 years despite the unclear global business conditions, such as COVID-19. This demonstrates the company’s focus on actively discovering and developing next generation components in infotainment, and in autonomous driving with Velodyne and Motional, and is complemented by

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Egypt’s president signs strategic maritime deal with Greece

CAIRO – Egypt’s president Saturday ratified a maritime deal setting its Mediterranean Sea boundary with Greece and demarcating an exclusive economic zone for oil and gas drilling rights, the state-run news agency reported, in a move that has angered Turkey.

The bilateral agreement is widely seen as a response to a rival deal between Turkey and Libya’s Tripoli-based government that spiked tensions in the East Mediterranean region, along with Turkey’s disputed oil and gas exploration in the seawaters.

The MENA news agency said that the deal, signed by President Abdel-Fattah el-Sissi, was published by the official gazette on Saturday.

The ratification came over two months after the Egyptian and Greek foreign ministers signed the deal in Cairo.

The Egypt-Greece deal establishes “partial demarcation of the sea boundaries between the two countries, and that the remaining demarcation would be achieved through consultations.”

Egyptian Parliament Speaker Ali Abdel-Al had in August called

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CAG slams government’s strategic sale of one PSU to another

NEW DELHI: The Comptroller and Auditor General (CAG) has red flagged the government’s “disinvestment” programme involving the “strategic sale” of one public sector undertaking to another state-run entity, as well as flow of the proceeds from sale of shares held by the Specified Undertaking of UTI (SUUTI) into the kitty.
During 2018-19, there were four transactions involving the sale of Rural Electrification Corporation to PFC, Dredging Corporation to port trusts, National Projects Construction Company to WAPCOS Corporation and HSCC (India) to NBCC.
“Such disinvestments only resulted in transfer of resources already with the public sector to the government and did not lead to any change in stake of the public sector/government in disinvested PSUs,” the auditor said in a report tabled in Parliament. These “strategic disinvestments” had generated over a fifth of the disinvestment receipts of Rs 72,620 crore during the year.

In the previous year, the government had sold

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