Chinese car manufacturers now lead the world in export volume as the traditional western car industry is running out of time to defend its historic domestic market share. LONDON, June 27, 2023 /PRNewswire/ — With supply chain bottlenecks and raw material shortages becoming a thing of the past, the global market for automobiles is growing… Continue reading AlixPartners: As the global automotive market recovers more slowly than anticipated, China is rapidly emerging as an industry superpower
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Driving the Future: NoTraffic Accelerates with $50 Million Series B Funding for the Next Generation of Mobility Infrastructure
This latest funding round bolsters the company’s position as a pioneering company digitizing the mobility industry and sets the stage for further growth and innovation TEL AVIV, Israel and PALO ALTO, Calif., June 27, 2023 /PRNewswire/ — NoTraffic, the leading mobility platform, announced today the successful completion of a $50 million Series B funding led by… Continue reading Driving the Future: NoTraffic Accelerates with $50 Million Series B Funding for the Next Generation of Mobility Infrastructure
Robotaxi Market worth $45.7 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 27, 2023 /PRNewswire/ — Robotaxi Market, by value, is estimated to be USD 0.4 billion in 2023 and is projected to reach USD 45.7 billion by 2030, at a CAGR of 91.8% from 2023 to 2030, according to a new report by MarketsandMarkets™. The growth of the robotaxi market is influenced by the rising… Continue reading Robotaxi Market worth $45.7 billion by 2030 – Exclusive Report by MarketsandMarkets™
General Dynamics Land Systems awarded $769 million to advance to next phase of OMFV competition
STERLING HEIGHTS, Mich., June 27, 2023 /PRNewswire/ — General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), announced today that it has been selected by the U.S. Army to advance to the detailed design and prototype build and test phases of the XM30 Mechanized Infantry Combat Vehicle competition. Formerly known as the Optionally… Continue reading General Dynamics Land Systems awarded $769 million to advance to next phase of OMFV competition
GM CEO Mary Barra opens up on slow EV rollout, return to office
General Motors has a logistics problem and the slow ramp-up of its battery cells manufacturing is constricting some production of new vehicles, including electric cars, CEO Mary Barra said. In a wide-ranging interview Monday with NBC News President of Editorial Rebecca Blumenstein at the annual Aspen Ideas Festival in Colorado, Barra talked about those issues as… Continue reading GM CEO Mary Barra opens up on slow EV rollout, return to office
Automotive pioneer Gerald C. Meyers, former CEO of American Motors, dies at 94
Gerald C. Meyers, who went from top product engineer to CEO at American Motors Corp. during an era that produced the AMC Pacer and Gremlin vehicles, died on June 19. Meyers, 94, died of natural causes at his home in West Bloomfield, according to his family. The son of a successful immigrant tailor from Poland,… Continue reading Automotive pioneer Gerald C. Meyers, former CEO of American Motors, dies at 94
Ford alerts salaried employees, including engineers, layoffs coming
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Exclusive investigative reporting that fights for the truth, exposes corruption and gives voice to the voiceless all across Michigan. Comprehensive coverage of Michigan’s auto industry, including in-depth analysis of Ford, GM, and… Continue reading Ford alerts salaried employees, including engineers, layoffs coming
@GM: GM Defense to Prototype an Advanced Energy Storage System for the Defense Innovation Unit
GM Defense to Prototype an Advanced Energy Storage System for the Defense Innovation Unit 2023-06-27 WASHINGTON, D.C. — GM Defense, a subsidiary of General Motors, was selected by the Department of Defense’s (DoD) Defense Innovation Unit (DIU) to prototype an energy storage unit. GM Defense’s solution will meet the requirements of DIU’s Stable Tactical Expeditionary… Continue reading @GM: GM Defense to Prototype an Advanced Energy Storage System for the Defense Innovation Unit
Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
Lordstown Motors, the troubled electric vehicle company that bought a shuttered General Motors factory in Ohio with grand plans to create the Tesla of pickup trucks, filed for bankruptcy protection on Tuesday. Once hailed by former President Donald J. Trump for preserving manufacturing jobs, the company struggled with a series of development setbacks and frequent… Continue reading Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
Tesla May Have Already Won the Electric Vehicle Charging Wars
Mary Barra and Elon Musk may be intense business rivals, but they sounded like old pals as they chatted on Twitter this month about a deal that could help remove one of the biggest barriers to electric vehicle ownership: not enough chargers. Ms. Barra, the chief executive of General Motors, had just agreed to follow… Continue reading Tesla May Have Already Won the Electric Vehicle Charging Wars