Category: Automotive

Kongsberg Automotive completes the sale of Interior Comfort Systems business unit to Lear Corporation

Zurich, February 28, 2022: Kongsberg Automotive (KA) has completed the sale of its Interior Comfort Systems (ICS) business unit to Lear Corporation (‘Lear’), following the approval by the European Commission on February 25, 2022. The ICS business unit supplies seat climate and comfort systems to major car and seat manufacturers. Lear and KA entered into… Continue reading Kongsberg Automotive completes the sale of Interior Comfort Systems business unit to Lear Corporation

UK welcomes Jaguar Land Rover decision to pause Russia exports

UK welcomes Jaguar Land Rover decision to pause Russia exports Business secretary Kwasi Kwarteng says firms are joining in push to isolate Moscow Russia-Ukraine crisis: live news Could Putin be looking at crypto to bypass sanctions? Jim O’Neill: Putin’s errors could change global finance Business secretary Kwasi Kwarteng welcomed the decision in a Twitter post.… Continue reading UK welcomes Jaguar Land Rover decision to pause Russia exports

UK manufacturers face higher costs as Ukraine crisis hits supply chains

UK manufacturers face higher costs as Ukraine crisis hits supply chains Conflict has already triggered energy price surge and restrictions on Russian exports such metals will also affect industry A view of the Miner’s Glory monument at the Mariinsky mine in the village of Malysheva in Russia’s Sverdlovsk region. The mine produces emeralds as well… Continue reading UK manufacturers face higher costs as Ukraine crisis hits supply chains

Jeep® Brand Reveals Image of First-ever Fully Electric Jeep SUV

AUBURN HILLS, Mich., March 1, 2022 /PRNewswire/ — Today, during Stellantis’ Dare Forward 2030 strategic plan presentation, Carlos Tavares, chief executive officer (CEO) of Stellantis, revealed images of the first-ever 100% battery-electric Jeep® SUV, as the brand continues its global initiatives toward the full electrification of its SUV portfolio. This new fully electric Jeep vehicle will… Continue reading Jeep® Brand Reveals Image of First-ever Fully Electric Jeep SUV

Elon Musk and Tesla need a Tim Cook

The same story has played out for decades. A startup blossoms and thrives under the leadership of a larger-than-life personality. A plateau soon follows. The company’s focus moves from introducing an endless string of new products to making sure what it is building meets the demands of customers. The honeymoon period ends and a new… Continue reading Elon Musk and Tesla need a Tim Cook

ONE Raises Additional $65M to Expand R&D, Planning US Battery Factory

“This most recent investment accelerates the timeline for ONE’s GeminiTM battery technology following our recent 752-mile range demonstration. We are excited to have BMW i Ventures lead this round and we are thrilled to welcome Coatue Management and their support as we raise the capital required to build a U.S. cell factory that supports Aries… Continue reading ONE Raises Additional $65M to Expand R&D, Planning US Battery Factory

Hyundai Motor America Reports Record-Breaking Retail February 2022 Sales

Hyundai Motor America Reports Record-Breaking Retail February 2022 Sales Tweet this “Our recent marketing efforts with Tucson and IONIQ 5 have worked well to generate awareness in competitive segments,” said Randy Parker, senior vice president, national sales, Hyundai Motor America. “Shoppers are recognizing our award-winning SUV line-up and we intend to keep the momentum and… Continue reading Hyundai Motor America Reports Record-Breaking Retail February 2022 Sales