Zurich, April 20, 2023: Following an agreement reached between the Norwegian United Federation of Trade Unions and Federation of Norwegian Industries, Kongsberg Automotive employees organized in Fellesforbundet and FLT at Raufoss and Hvittingfoss have called off the announced national labor union strike, which was to come into effect from April 21, 2023. The preperation for… Continue reading Kongsberg Automotive plants to function as usual following an agreement reached in the Norwegian national strike
Category: Automotive
RENAULT GROUP: Solid start to 2023 with 30% increase in revenue in the first quarter
Press Release April 20, 2023 RG_2023Q1 Revenue_PR_GB Solid start to 2023 with 30% increase in revenue in the first quarter Renault Group worldwide sales amounted to 535,000 vehicles in the first quarter, up 14.1% versus 2022 Q1. In Europe, Group sales were up 27.3% in a market up 16.2% Group revenue at €11.5 billion, +29.9%1… Continue reading RENAULT GROUP: Solid start to 2023 with 30% increase in revenue in the first quarter
RENAULT GROUP : Solide début d’année 2023 : chiffre d’affaires en hausse de 30 % au 1er trimestre
Communiqué de presse 20 avril 2023 RG_2023Q1 Revenue_CP_FR Solide début d’année 2023 : chiffre d’affaires en hausse de 30 % au 1er trimestre Les ventes du Groupe s’élèvent à 535 000 véhicules au 1er trimestre 2023, en hausse de 14,1 % par rapport au 1er trimestre 2022. En Europe, les ventes du Groupe augmentent de 27,3 % dans un… Continue reading RENAULT GROUP : Solide début d’année 2023 : chiffre d’affaires en hausse de 30 % au 1er trimestre
Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles
A half a million G-Class vehicles have rolled out of Graz Significant milestone in the long-term partnership with Mercedes-Benz Milestone reflects Magna´s long history as leading contract manufacturer GRAZ, Austria, April 20, 2023 (GLOBE NEWSWIRE) — The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since… Continue reading Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles
HERE Technologies commits to net-zero emissions target in release of annual sustainability report
HERE focuses on going net-zero by 2035 with science-based reduction target. Company works alongside global automakers and transportation and logistics companies on electric vehicle technologies, optimized route planning, fleet CO2 emissions reductions and improving road safety. April 20, 2023 Amsterdam, The Netherlands – HERE Technologies, the leading location data and technology platform, today announced its… Continue reading HERE Technologies commits to net-zero emissions target in release of annual sustainability report
Autotech Ventures Raises USD230M For Third Fund
Autotech Ventures, a Menlo Park, CA-based early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, closed its third fund, at $230m. The fund will be used to invest in Seed through Series C mobility-related startups. Autotech has over $500M under management and has invested in more than 40 companies. Of… Continue reading Autotech Ventures Raises USD230M For Third Fund
Europe’s top five carmakers more than double profits since 2019
Brand new cars of German car manufacturer Volkswagen and BMW parked on a freight train in Munich, Germany. The companies are part of the big five European firms recording huge profits. Photograph: Matthias Schräder/AP Brand new cars of German car manufacturer Volkswagen and BMW parked on a freight train in Munich, Germany. The companies are… Continue reading Europe’s top five carmakers more than double profits since 2019
As Dowlais debuts, fears over Melrose’s GKN takeover look unfounded | Nils Pratley
Dowlais’s main operation is GKN Automotive. Photograph: David Davies/PA Dowlais’s main operation is GKN Automotive. Photograph: David Davies/PA As Dowlais debuts, fears over Melrose’s GKN takeover look unfounded Nils Pratley In 2018, the deal was treated with much scepticism, but Melrose can hardly be accused of slash-and-burn tactics To very little fanfare, London’s stock market… Continue reading As Dowlais debuts, fears over Melrose’s GKN takeover look unfounded | Nils Pratley
Waymo vehicles get stuck in the fog
The Fog – is a horror film and a weather phenomenon. For Waymo it is a horror weather phenomenon, because the vehicles had to admit defeat to the fog. Driving in thick fog is a challenge for humans, but it seems self-driving cars are struggling too. As a precaution, five Waymo autonomous vehicles parked on… Continue reading Waymo vehicles get stuck in the fog
Global Hydrogen Storage Tank Market to Accrue 32.87% CAGR with Ongoing R&D Activities to Reach USD 1561.32 million by 2030, States Extrapolate
DUBAI, UAE, April 19, 2023 /PRNewswire/ — According to the recent report published by Extrapolate, the global Hydrogen Storage Tank Market size was around USD 164.22 million in 2022 and is anticipated to increase to approximately USD 1561.32 million by 2030, with a CAGR of 32.87% between 2023 and 2030. The demand for hydrogen storage tanks… Continue reading Global Hydrogen Storage Tank Market to Accrue 32.87% CAGR with Ongoing R&D Activities to Reach USD 1561.32 million by 2030, States Extrapolate