To achieve $2 billion in cost savings, General Motors Co. is offering a voluntary separation program to its employees, the automaker confirmed Thursday. The majority of the U.S. salaried workforce is eligible for the program. GM employs about 58,000. Eligible employees must sign up by March 24. “As part of our plan to accelerate attrition… Continue reading GM offers U.S. employees voluntary separation program
Category: US Motoring Press
GM, Stellantis invest in holographic head-up display startup
General Motors Co. and Stellantis NV are joining others in the industry in a $50 million investment into a holographic head-up display startup. The head-up display is a projection on a vehicle’s windshield that typically shows helpful information like speed or navigation without requiring the driver to look down at the instrument panel cluster or… Continue reading GM, Stellantis invest in holographic head-up display startup
New Volkswagen ID 2 EV tipped for 15 March reveal
Those privy to the early proposals of the redesigned ID 2 say it sits halfway between the existing internal combustion-engined Volkswagen Polo and Golf in terms of exterior dimensions, with a length put at “around 4250mm”. With a relatively short bonnet and flat floor, it is claimed to offer “the sort of interior space of… Continue reading New Volkswagen ID 2 EV tipped for 15 March reveal
BMW ups R&D spend on new EV platforms and powertrains
BMW i Vision Dee concept provided a first look at an electric 3 Series equivalent Close News 2 mins read 9 March 2023 BMW increased its research and development spending by 5.2% year on year in 2022 as it made significant steps towards launching its next-generation electric line-up. The company’s R&D investment last year totalled… Continue reading BMW ups R&D spend on new EV platforms and powertrains
BYD to launch 671bhp hybrid 4×4 globally in 2024
BYD is taking aim at the Mercedes-Benz G-Class with a new hardcore off-roader set to be launched in China this year and in global markets from 2024. Depicted in prototype form in a video released online, the five-seat SUV is the first in the Chinese firm’s new F model line, which is palnned to expand to include other… Continue reading BYD to launch 671bhp hybrid 4×4 globally in 2024
Xpeng G6 detailed ahead of debut at 2023 Shanghai motor show
The fifth production car from Xpeng has been leaked in the latest batch of Chinese government registry filings ahead of its debut at the 2023 Shanghai motor show. Named the Xpeng G6 and set for sale in China later this year, the new mid-size electric crossover is planned to follow other Xpeng models into a number of export markets, including… Continue reading Xpeng G6 detailed ahead of debut at 2023 Shanghai motor show
Nio ET5: Europe-bound Tesla Model 3 rival gets estate
The Nio ET5 electric saloon, arriving in the UK later this year, could also be joined by an estate revealed today in the latest round of Chinese government registry filings. Set to make its public debut at next month’s Shanghai motor show, the new model is thought to be the one teased by Nio CEO William Li… Continue reading Nio ET5: Europe-bound Tesla Model 3 rival gets estate
JLR and Stellantis invest in British car tech firm driving the future of head-up displays
British tech firm Envisics has attracted major investment from Jaguar Land Rover and Stellantis in its latest investment round. It’ll help the company expand and continue its work producing augmented reality, holographic head-up display units for cars. The Milton Keynes-based company, which featured in Auto Express issue 1,742, has already received funding from Hyundai and… Continue reading JLR and Stellantis invest in British car tech firm driving the future of head-up displays
Yokohama Off-Highway Tires appoints Mihir Modi as CFO
Yokohama Off-Highway Tires (YOHT) has announced the appointment of Mihir Modi as the Chief Financial Officer (CFO) and Amit Chincholikar as the Chief Human Resources Officer (CHRO). Mihir and Amit will be members of the Global Executive Committee and report to Nitin Mantri, Head of the Off-Highway Tires (OHT) division of Yokohama Rubber Company. YOHT… Continue reading Yokohama Off-Highway Tires appoints Mihir Modi as CFO
‘Companies must create career maps for women’: Latha Chembrakalam
The automotive industry is significantly transforming with regard to achieving gender equity, and men and women are increasingly being seen sharing equal responsibilities across core domains, be it manufacturing, R&D, logistics or HR. While the percentage of women engaging in automotive R&D has surpassed 30% at the base of the workforce, it, however, drops to… Continue reading ‘Companies must create career maps for women’: Latha Chembrakalam