+++ Export Value From South Carolina Plant Totals More Than $10.1 Billion +++ New Production Record with 433,810 BMWs in 2021 +++ More Than 257,000 BMW X Vehicles Exported in 2021 +++ Production of All-New BMW XM Begins in Late 2022+++ Munich / Spartanburg. BMW Manufacturing led the nation in automotive exports by value… Continue reading @BMW: Eight Years in a Row: BMW Manufacturing is Largest Automotive Exporter in the United States.001760
Category: News Type
Didi to lay off 20% of employees
The layoffs will be carried out across all departments, reported Pandaily, citing information from Chinese media outlet LatePost. Go to Source
Shin-Etsu to invest $694m to boost silicone output for EVs
Go to Source
Marelli seeks help from Nissan, Mizuho amid cash crunch
TOKYO — Auto parts supplier Marelli Holdings, owned by U.S. private equity giant KKR, has called on Nissan Motors for help in inventory purchases and requested Mizuho Bank and others to lengthen the grace period for its debt payments, Nikkei has learned. Go to Source
Apple assembler Luxshare to build EVs as Foxconn-style contractor
Go to Source
@Tata-JLR: Alex Smout, Principal at InMotion Ventures, speaks to Automotive World about transforming the customer buying experience
Consumers today are used to having things their own way. Whether it’s recommendations on Netflix and Spotify, or bespoke shopping experiences on Amazon and ASOS, the customer experience is all-important. The automotive industry is no exception. As cars continue to become safer, more comfortable, and more environmentally friendly, the purchasing experience should also evolve. Various… Continue reading @Tata-JLR: Alex Smout, Principal at InMotion Ventures, speaks to Automotive World about transforming the customer buying experience
Britishvolt secures £40m investment for electric vehicle battery factory
Britishvolt secures £40m investment for electric vehicle battery factory Startup to be based near Blyth is regarded as key to prospects for the UK’s automotive industry Peter Rolton, Britishvolt’s executive chairman, shows a billboard at the site of the company’s planned battery plant in the former industrial town of Blyth in Northumberland. Photograph: Nick Carey/Reuters… Continue reading Britishvolt secures £40m investment for electric vehicle battery factory
DENSO to Take Minority Stake in JASM
KARIYA, Japan, Feb. 15, 2022 /PRNewswire/ — TSMC (TWSE: 2330,NYSE: TSM), Sony Semiconductor Solutions Corporation (“SSS”) and DENSO Corporation (“DENSO”) today announced that DENSO will take a minority stake in Japan Advanced Semiconductor Manufacturing, Inc. (“JASM”), TSMC’s majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan with a US$0.35 billion investment. With this equity investment, DENSO will… Continue reading DENSO to Take Minority Stake in JASM
@Ford: Ford to Webcast Fireside Chats with Company Leaders on Feb. 23 & Feb. 24
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Ford to Webcast Fireside Chats with Company Leaders on Feb. 23 & Feb. 24
The EV boom is being fueled by underpaid, underfed cobalt miners
Andre clocks into his job at the Kamoto Copper Company (KCC) in the Democratic Republic of Congo at 7 in the morning, and he leaves at 6 at night. The work is physically demanding, and while KCC provides Andre with lunch, he says the food quality is poor, and he’s often hungry afterward. He is… Continue reading The EV boom is being fueled by underpaid, underfed cobalt miners