The Seoul Bankruptcy Court said Wednesday it has accepted SsangYong Motor Corp.’s request to extend the deadline for its rehabilitation plan by two months until Sept. 1 considering its ongoing sales process. The bankruptcy court in April put the debt-laden automaker under court receivership, a step short of bankruptcy, and ordered it to submit its… Continue reading World NM: Court extends SsangYong’s rehabilitation plan deadline until Sept.001372
Category: Newswire
World NM: (News Focus) Labor dispute brewing at Hyundai Motor amid EV transition001371
Hyundai Motor Co. is moving toward electric vehicles to join the global automotive trend, but its workers at the leading automaker fret over the prospect of less assembly work and want job security in the changing business environment. The number of components used in EVs is expected to decline by 37 percent compared with internal… Continue reading World NM: (News Focus) Labor dispute brewing at Hyundai Motor amid EV transition001371
AWS and Otonomo Accelerate Vehicle Data-based Innovation with Connected Car Data Collaboration
HERZLIYA, ISRAEL, June 29, 2021 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Otonomo), provider of a pioneering platform and marketplace for vehicle data, today announced it will utilize Amazon Web Services (AWS) to accelerate vehicle data-based innovation. By integrating Otonomo’s Vehicle Data Platform with AWS’s Connected Mobility Solution, AWS customers in the automotive sector and beyond… Continue reading AWS and Otonomo Accelerate Vehicle Data-based Innovation with Connected Car Data Collaboration
World NM: Ssangyong in Last-Ditch Attempt to Find Buyer001367
Ssangyong issued a sale notice on Monday to launch the search for a new owner. U.S. car retailer HAAH Automotive Holdings, which had signaled interest, is now in financial difficulties of its own. Go to Source
Valmet Automotive intensifies recruitment in the summer
This year, Valmet Automotive has recruited 650 new employees for car and battery manufacturing through online campaigns, meeting more than half of the need for a thousand people. Additional employees will be needed for both business lines already in August-September and therefore, online recruitment campaigns will be intensified during the summer. With the current campaign,… Continue reading Valmet Automotive intensifies recruitment in the summer
Quanergy Announces New Strategic Collaboration with Sensata Technologies
SUNNYVALE, Calif.–(BUSINESS WIRE)– #IIoT–Quanergy, a leading provider of next-generation OPA-based solid state LiDAR sensors, and Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions that create insight for customers, announced today a new strategic collaboration to focus on helping Quanergy bring affordable, smart LiDAR and 3D perception technologies to market.… Continue reading Quanergy Announces New Strategic Collaboration with Sensata Technologies
Tenneco Named a 2020 Supplier of the Year Winner by General Motors
LAKE FOREST, Ill., June 28, 2021 /PRNewswire/ — Tenneco’s (NYSE:TEN) Powertrain business group was named a GM Supplier of the Year winner in General Motors’ 29th annual Supplier of the Year awards. GM recognized 122 of its best suppliers from 16 countries for performance in the 2020 calendar year. The annual awards highlight global suppliers that distinguish… Continue reading Tenneco Named a 2020 Supplier of the Year Winner by General Motors
New Honda Prologue SUV Begins Next Chapter in Brand’s EV Direction in North America
In addition to the Honda Prologue, the company will introduce an all-electric Acura SUV in the 2024 calendar year. Both will utilize the highly flexible global EV platform powered by Ultium batteries based on the company’s strategic partnership with General Motors. Honda also plans to launch a new series of EV models in the second half of… Continue reading New Honda Prologue SUV Begins Next Chapter in Brand’s EV Direction in North America
Kongsberg Automotive appoints Frank Heffter as new CFO
Fri, Jun 25, 2021 07:30 CET Zurich, June 25, 2021—Kongsberg Automotive continues to strengthen the leadership team with Frank Heffter joining the company on July 1, 2021. Frank will formally take over as Chief Financial Officer from Norbert Loers effective, July 29, 2021. Frank joins Kongsberg Automotive from OC Oerlikon Corporation, where he was the Head of Group… Continue reading Kongsberg Automotive appoints Frank Heffter as new CFO
RENAULT GROUP: Renault Group and STMicroelectronics enter strategic cooperation on power electronics
PRESS RELEASE25 June 2021 Renault Group and STMicroelectronics enter strategic cooperation on power electronics Renault Group selects STMicroelectronics as key innovation partner, securing the supply of electric and hybrid vehicle advanced power semiconductors to be produced from 2026. STMicroelectronics will develop custom-made products and solutions to further improve the efficiency of Renault Group’s electric and… Continue reading RENAULT GROUP: Renault Group and STMicroelectronics enter strategic cooperation on power electronics