US Motoring Press – Page 2470 – I wish I had more to offer

TI Clean Mobility to raise Rs 600 crore from investors

TI Clean Mobility (TICMPL), a subsidiary of Tube Investments of India (TII), has signed definitive agreements to raise further capital of Rs 675 crore by way of Compulsory Convertible Preference Shares (CCPS). Multiples along with other co-investors will be investing an aggregate amount of Rs 600 crore, while TII will be investing Rs 75 crore. It… Continue reading TI Clean Mobility to raise Rs 600 crore from investors

2024 Ford Mustang quality review leads to plant down time prior to launch, UAW layoffs

Ford Motor Co. has cut work shifts of UAW members at the Flat Rock Assembly Plant while in the process of launching the all-new classic 2024 Mustang, the Detroit Free Press has learned. The automaker cut production shifts the week of April 24, the plant was down the week of May 1, and the plant… Continue reading 2024 Ford Mustang quality review leads to plant down time prior to launch, UAW layoffs

How the $8 billion parking industry is evolving to stay alive

As the automobile took over America, so did parking lots and parking garages. There are between 700 million and 2 billion parking spaces in America — or put another way, between 2.5 to seven spots for every registered vehicle. About 10% of that inventory is paid parking. And for decades, it was a pretty stable… Continue reading How the $8 billion parking industry is evolving to stay alive

Carvana soars most since 2020 on narrower-than-expected loss

Carvana’s shares surged the most since the start of the pandemic after the debt-ridden automobile retailer topped Wall Street’s earnings estimates and predicted a return to an adjusted pretax profit this quarter. Adjusted earnings before interest, taxes, depreciation and amortization will be positive in the second quarter following a “strong start to the year,” according… Continue reading Carvana soars most since 2020 on narrower-than-expected loss

Zombie cars are all around us, and more are on the way

This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Zombie cars are all around us, and more are on the way

BorgWarner bags eFan business for battery electric truck from global OEM

BorgWarner has been selected to supply its high-voltage eFan system to a global commercial vehicle OEM for use in both the European and North American markets. Start of production is slated for Q4 2025 with initial volumes over 3,000, rising to nearly 74,000 units by 2031 between North America and Europe. This marks the first… Continue reading BorgWarner bags eFan business for battery electric truck from global OEM

BorgWarner bags eFan business for battery electric truck from global OEM

Bosch targets sales of over 80 billion euros by 2029, bets big on software and SDVs

More than ever, innovations in the automotive sphere are coming about through bits and bytes. Technology and component major Bosch is responding to this trend toward software-based automotive engineering by realigning its automotive-supply business. Within Robert Bosch GmbH, Bosch Mobility will in the future be managed as a business sector with responsibility for its own… Continue reading Bosch targets sales of over 80 billion euros by 2029, bets big on software and SDVs

Autoliv showcases integrated vehicle cockpit at Auto Shanghai

Automotive safety systems major Autoliv presented a number of new safety solutions at the Shanghai Automobile Industry Exhibition 2023 held last month. They include an integrated cockpit, a zero-gravity seat, and the Star steering wheel and are designed to provide safety, comfort, and an improved driving experience. According to Autoliv, its stall saw over 35,000… Continue reading Autoliv showcases integrated vehicle cockpit at Auto Shanghai

Skoda produces 500,000 battery systems for VW Group vehicles

Skoda Auto has manufactured 500,000 battery systems at its main plant in Mladá Boleslav. The advanced MEB (Modular Electrification Toolkit) battery systems are important components fitted in MEB vehicles and models with a plug-in hybrid drivetrain across Volkswagen Group brands. Since September 2019, high-voltage traction batteries for models with plug-in hybrid drive have been produced at… Continue reading Skoda produces 500,000 battery systems for VW Group vehicles