Category: Automotive

@FCA: Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants

May 2, 2022 , Windsor, Ontario – Stellantis today announced plans to invest $3.6 billion CAD ($2.8 billion USD) to secure the future of its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC) to accelerate the company’s move to a sustainable future. This announcement also supports the company’s… Continue reading @FCA: Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants

Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants

WINDSOR, Ontario, May 2, 2022 /PRNewswire/ — Announcement supports company’s long-term strategy to invest $45 billion CAD in electrification and software globally Represents transformation in Canadian operations to achieve electrified future Brings company’s total investment in Canada to $8.6 billion CAD, including recently announced Stellantis-LG Energy Solutions EV battery plant Windsor Assembly to add all-new,… Continue reading Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants

GM: AI in memory for autonomous driving

With Untether AI, the manufacturer General Motors is developing an improved AI for sensor evaluation. The company Untether AI develops AI inference calculations that run in memory. You now want to work with the manufacturer for this General Motors work together. The project is supported by the Ontario government and aims to take the perception… Continue reading GM: AI in memory for autonomous driving

Porsche and Audi will enter Formula 1

The rumor, which had been circulating for several months in the paddock, was confirmed on Monday by Volkswagen: Porsche and Audi, the two premium brands of the German group, will be well engaged in Formula 1. It remains to be seen how: will they simply choose to supply engines or will they be tempted by… Continue reading Porsche and Audi will enter Formula 1

Eaton to Acquire 50% Stake in Jiangsu Huineng Electric Co., Ltd.’s Circuit Breaker Business

Expands Eaton’s reach to renewable energy, commercial building, utility and industrial customers in the rapidly growing Chinese market DUBLIN, May 02, 2022–(BUSINESS WIRE)–Power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng), which manufactures and markets… Continue reading Eaton to Acquire 50% Stake in Jiangsu Huineng Electric Co., Ltd.’s Circuit Breaker Business

Auto Sales in April 2022: PVs marred by supply constraints, 2Ws show recovery, CVs, tractors in green

Representative Image New Delhi: The first month of the financial year, April, has been marred by COVID challenges for the past two fiscal years. In 2020, automobile OEMs saw zero production and sales during the month due to the first COVID wave. In 2021, the year started on a good note but the later part… Continue reading Auto Sales in April 2022: PVs marred by supply constraints, 2Ws show recovery, CVs, tractors in green

As snarls mount, economists take a walk on the supply side

The corporate victims of the snarls are piling up like containers in locked-down Shanghai. Global supply chains are knotting up from China to Denmark, sparking re-examinations of things as macro as globalization itself and micro as trucking efficiency around American ports. As for the big picture, the intertwined world economy took decades to stitch together… Continue reading As snarls mount, economists take a walk on the supply side

Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group

Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform Contract extends across multiple models starting with the new BMW 2 Active Tourer Mild hybrid transmission technology significantly reduces CO2 emissions of an internal combustion engine AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Magna continues its accelerated transformation… Continue reading Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group