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Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter

Sept 10 (Reuters) – Auto parts supplier Aptiv Plc is facing significant semiconductor supply constraints in the third quarter due to the fast-spreading Delta variant of the coronavirus in Southeast Asia, Chief Financial Officer Joseph Massaro said on Friday. Given the COVID-19 outbreaks in Malaysia and Thailand, governments are taking a meaningful stance on production… Continue reading Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter

Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report

Nio, Inc. (NYSE: NIO) unveiled its all-new ET7 sedan at its Nio Day event in early January, and deliveries of the EV maker’s first-ever sedan will likely begin in the first quarter of 2022. What Happened: Nio could release a version of the ET7 with low-cost lithium iron phosphate, or LFP, batteries, as opposed to… Continue reading Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report

Sweden’s Veoneer says still recommends Magna merger

STOCKHOLM, Sept 9 (Reuters) – Swedish auto parts maker Veoneer Inc said on Thursday that it was continuing to recommend the bid from Magna International Inc , while remaining in discussions with Qualcomm. “Veoneer continues to recommend Magna merger at this time,” it said in a statement. Veoneer added that it would continue to engage… Continue reading Sweden’s Veoneer says still recommends Magna merger

Aptiv to Present at the RBC Capital Markets Global Industrials Conference

DUBLIN, Sept. 8, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener, and more connected, announced that Aptiv’s Chief Financial Officer and Senior Vice President, Business Operations, Joseph Massaro, will present at the RBC Capital Markets Global Industrials Conference, September 10 at 10:40 a.m. EDT. A simultaneous webcast… Continue reading Aptiv to Present at the RBC Capital Markets Global Industrials Conference

Stellantis shareholder Dongfeng sells down stake for 600 million euros

PARIS/MILAN (Reuters) – Stellantis shareholder Dongfeng Motor Hong Kong (DMHK) has sold part of its stake in the automaker for about 600 million euros ($710 million), as agreed before the group was formed via a merger at the beginning of the year. As part of a package of agreements signed by shareholders upon the tie-up… Continue reading Stellantis shareholder Dongfeng sells down stake for 600 million euros

Dana Incorporated to Participate in 2021 RBC Capital Markets Global Industrials Virtual Conference

MAUMEE, Ohio, Sept. 7, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in the 2021 RBC Capital Markets Global Industrials Virtual Conference on Sept. 9, 2021. Beginning at 8:40 a.m. EDT, Dana’s Chairman and CEO Jim Kamsickas and Vice President and Chief Financial Officer Jonathan Collins will provide a brief overview… Continue reading Dana Incorporated to Participate in 2021 RBC Capital Markets Global Industrials Virtual Conference

Porsche CEO Says Electric Supercars Will Win Out: Munich Update

(Bloomberg) — Munich plays host this week to IAA Mobility, where European automakers and their suppliers are unveiling wares together for the first time since before Covid. When Germany last held such a forum two years ago, it would have seemed odd to promote a car’s ability to shield passengers from viruses. Semiconductors weren’t on… Continue reading Porsche CEO Says Electric Supercars Will Win Out: Munich Update

Valeo and Leoni join forces aiming for a leading position within zone controllers

Valeo Group | 7 Sep, 2021 | 2 min Valeo, leader in ADAS sensors and related functional software, with a major electronics expertise, and Leoni, leading supplier of wiring systems and power distribution, synergize their strengths to bring the best in class solution for zone controllers, key elements of the future vehicles. Valeo and Leoni… Continue reading Valeo and Leoni join forces aiming for a leading position within zone controllers

Bosch does away with the “charging brick”

Mobility Solutions is the largest Bosch Group business sector. It generated sales of 42.1 billion euros in 2020, and thus contributed 59 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting,… Continue reading Bosch does away with the “charging brick”

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