The Ministry of Heavy Industries (MHI) announced the release of SOPs under the Production Linked Incentive ( PLI) Auto scheme for testing agencies. The applicants under the scheme can now submit their applications for the testing and certification of AAT products (both OEMs and components), which will help them qualify for incentives under the PLI Auto scheme.… Continue reading MHI releases SOPs under PLI Auto scheme for testing agencies
Category: US Motoring Press
Bosch to acquire US chipmaker TSI Semiconductors, expand semiconductor business
Bosch is expanding its semiconductor business with silicon carbide chips. The technology company plans to acquire assets of the U.S. chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, TSI Semiconductors is a foundry for application-specific integrated circuits, or ASICs. Currently, it mainly develops and produces large volumes of chips on 200-millimetre… Continue reading Bosch to acquire US chipmaker TSI Semiconductors, expand semiconductor business
Bosch to acquire US chipmaker TSI Semiconductors, expand semiconductor business
Bosch is expanding its semiconductor business with silicon carbide chips. The technology company plans to acquire assets of the U.S. chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, TSI Semiconductors is a foundry for application-specific integrated circuits, or ASICs. Currently, it mainly develops and produces large volumes of chips on 200-millimetre… Continue reading Bosch to acquire US chipmaker TSI Semiconductors, expand semiconductor business
Visteon Q1 2023 sales rise 22% to $967 million, wins $1.5 billion in new business
Visteon Q1 2023 sales rise 22% to $967 million, wins $1.5 billion in new business Visteon Corporation has reported net sales of $967 million in the first quarter of CY2023, representing a year-on-year increase of 22%. While total industry vehicle production increased 6%, vehicle production at Visteon’s top customers increased 9%. Visteon’s sales outperformed customer vehicle… Continue reading Visteon Q1 2023 sales rise 22% to $967 million, wins $1.5 billion in new business
UK electric vehicle charging firms unite as infrastructure expands
“We’re under scrutiny because so many people are turning up to charge. That’s a success, not a failure.” Who would be a charge point operator? Barely a week goes by without the incumbents taking a kicking, be it from pointed words from an industry body or a social media pile-on. They argue that the reality… Continue reading UK electric vehicle charging firms unite as infrastructure expands
Mobileye shares plunge after self-driving tech company cuts guidance amid Tesla’s EV price war
Mobileye signage during the company’s IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. Michael Nagle | Bloomberg |… Continue reading Mobileye shares plunge after self-driving tech company cuts guidance amid Tesla’s EV price war
Wall Street worries GM will face a tougher 2023 than the automaker is letting on
Mary Barra, chief executive officer of General Motors Co., during the South by Southwest festival in Austin, Texas, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty Images DETROIT — Doubts are creeping in on Wall Street about the rest of 2023 for General Motors. The company on Tuesday beat Wall Street’s first-quarter earnings expectations… Continue reading Wall Street worries GM will face a tougher 2023 than the automaker is letting on
Toyota vehicle output hits record as supply chains untangle
Toyota cemented its position atop the world’s automaking giants, producing a record 10.7 million cars as a group for the 12 months ended March 31 thanks to increased capacity and production optimization in North America and Asia. Global sales, which includes brands like Daihatsu and Hino, came in at 10.6 million units, up 1.7% on… Continue reading Toyota vehicle output hits record as supply chains untangle
UM, state finalize contract for new $130 million EV research center
The University of Michigan and the state have finalized a contract for a $130 million Electric Vehicle Center that was funded by Michigan lawmakers last year. The center will be focused on accelerating collaborative research and development, building a skilled workforce and creating a campus that supports both. Alan Taub, an engineering professor and former… Continue reading UM, state finalize contract for new $130 million EV research center
Payne: Back to Hell in the updated Mustang Mach-E
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 Payne: Back to Hell in the updated Mustang Mach-E