German engineering and technology company Bosch has said that everything is on track to open its new semiconductor factory in Dresden, Germany. The shortage has been severe enough to bring multiple automakers to cut their short-term production plans and is encouraging multiple stakeholders in the semiconductor manufacturing chain — at both government and industry levels —… Continue reading World NM: Bosch eyes June opening for new semiconductor plant in Dresden000981
Author: World_Newz Mon
World NM: Peugeot won’t return to U.S. as Stellantis focuses on Alfa Romeo revival000948
Stellantis is pulling the plug on plans to bring Peugeot back to America. The newly-formed conglomerate is suspending a project aimed at reintroducing the French brand to the U.S. and has reappointed the executive overseeing it, Larry Dominique, to the role of Vice President of Alfa Romeo Brand for North America. Alfa Romeo only returned… Continue reading World NM: Peugeot won’t return to U.S. as Stellantis focuses on Alfa Romeo revival000948
World NM: Porsche Engineering Romania continues to expand its team and service portfolio000947
Despite the challenges caused by the situation of the pandemic, the development of the Romanian subsidiary of Porsche Engineering continued to grow in 2020 and the engineering service provider plans to reach 280 employees by the end of 2021. The company has also implemented a complex set of measures to meet social distancing and sanitizing… Continue reading World NM: Porsche Engineering Romania continues to expand its team and service portfolio000947
World NM: Chinese automakers for incentives to encourage localisation000942
MG JW is in the process of setting up its $100 million assembly plant in Lahore and plans to roll out first car in May to become eligible for the lucrative tax cuts given to the new entrants in the industry under the existing AIDP 2016-21. The Federal Board of Revenue (FBR), however, is yet… Continue reading World NM: Chinese automakers for incentives to encourage localisation000942
World NM: Hypercar frenzy as Lamborghini’s latest joins an insatiable market for extreme performance000937
Mere supercars no longer suffice for the wealthy; limited-edition, bonkers hypercars are more popular than ever. The motor is mounted in the gearbox and energy is produced via a supercapacitor – which sounds like it was originally fitted in the Batmobile – which dispenses with the need for a heavy lithium-ion battery but can discharge… Continue reading World NM: Hypercar frenzy as Lamborghini’s latest joins an insatiable market for extreme performance000937
World NM: GM extends 3 plant shutdowns and adds fourth due to ongoing semiconductor chip shortage000931
General Motors is extending the downtime at three North American factories that began in February through at least mid-April as it prioritizes the production of its full-size pickups and SUVs during the ongoing semiconductor shortage affecting the automotive industry. The facilities include the Fairfax, Kan, assembly plant that builds the Chevrolet Malibu and Cadillac XT4 and two facilities… Continue reading World NM: GM extends 3 plant shutdowns and adds fourth due to ongoing semiconductor chip shortage000931
World NM: EY Study: Fleet electrification can help Europe meet its carbon reduction targets000883
There is huge momentum behind the electrification of transport and while the environmental consequences are huge, there are also significant commercial rewards for the fastest movers in the evolving electric mobility (eMobility) ecosystem. In the 11 months to November 2020, a landmark one million vehicle sales in Europe were either pure electric or hybrid models… Continue reading World NM: EY Study: Fleet electrification can help Europe meet its carbon reduction targets000883
World NM: Goldman Sachs is creating an auto-tech joint venture amid a SPAC boom for EV and lidar companies: Report000858
Goldman Sachs is forming an investment-banking joint venture that will specialise in automotive technology, Bloomberg reported on Friday. Auto technology has provided plenty of dealmaking and underwriting opportunities for Wall Street banks in recent years, as there have been a number of high-profile acquisitions and public listings involving electric-vehicle, autonomous-vehicle, and ride-hailing companies. Goldman has… Continue reading World NM: Goldman Sachs is creating an auto-tech joint venture amid a SPAC boom for EV and lidar companies: Report000858
World NM: Why a former auto industry CEO thinks Croatian supercar and technology firm Rimac is the next EV powerhouse000856
Michael Perschke has been all over the automotive map, from directing Audi India to becoming the CEO of ultra-luxury EV company Automobili Pininfarina upon its 2018 launch. Perschke wants New Automovile Development to become a core “go-to boutique investment firm” for institutional investors looking for sustainable investment targets in the non-public market, including everything from… Continue reading World NM: Why a former auto industry CEO thinks Croatian supercar and technology firm Rimac is the next EV powerhouse000856
World NM: GM sacrifices profits in $27bn electric drive000847
General Motors will spend $27bn (£22bn) on phasing out all petrol and diesel-powered vehicles by 2035 despite admitting its electric drive will come at the expense of profits. The company will spend more than $7bn on electric and self-driving vehicles this year and develop 30 battery-driven models by 2025. Toyota raised its profit forecasts by more… Continue reading World NM: GM sacrifices profits in $27bn electric drive000847