@Groupe PSA: PR Stellantis and Crédit Agricole Consumer Finance Joint Venture Plans to Acquire Activities of ALD in Portugal and LeasePlan in Luxembourg005385

NewCo, resulting from the consolidation of Leasys and Free2move Lease and owned equally by Stellantis and Crédit Agricole Consumer Finance, continues to strengthen its position to be a leading leasing provider in Europe Represents another strategic move from Stellantis’ Financial Services business to contribute to Dare Forward 2030 ambitions AMSTERDAM – Stellantis and Crédit Agricole… Continue reading @Groupe PSA: PR Stellantis and Crédit Agricole Consumer Finance Joint Venture Plans to Acquire Activities of ALD in Portugal and LeasePlan in Luxembourg005385

Autonomous driving startup Gatik is hiring

While the industry is primarily characterized by layoffs, the startup Gatik is hiring staff. The autonomous truck startup gatic plans to double its workforce by the end of the year, management announced. This is done after signing a cooperation agreement with the grocer Kroger Coto order goods within their network in Dallas, State Texas to… Continue reading Autonomous driving startup Gatik is hiring

EV-Maker Nio Surges; ‘Very Confident’ of Hitting Sales Goal

(Bloomberg) — Nio Inc. is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong. Most Read from Bloomberg “We are very confident to achieve our sales target in 2023,” Feng said in an… Continue reading EV-Maker Nio Surges; ‘Very Confident’ of Hitting Sales Goal

Global Automotive Electronic Control Unit Market Report 2022: Sector to Reach $75 Billion by 2028 with Significant Growth in the Automotive Industry

DUBLIN, March 22, 2023 /PRNewswire/ — The “Global Automotive Electronic Control Unit Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Capacity, Vehicle Type, Application, Propulsion Type, Autonomous Level, End-user, and Major Regions” report has been added to  ResearchAndMarkets.com’s offering. According to this analysis, the Global Automotive Electronic Control Unit (ECU) Market is expected to record… Continue reading Global Automotive Electronic Control Unit Market Report 2022: Sector to Reach $75 Billion by 2028 with Significant Growth in the Automotive Industry

MSMEs need to invest in R&D and build capacity to stay competitive: ACMA

As the Indian and global automotive industry witnesses a spate of technological disruptions and megatrends like vehicle electrification, connected mobility, shared and autonomous mobility, it is imperative that micro, small and medium enterprises (MSMEs) will have to invest in R&D as well as build capacity to remain in the race. This was the overarching takeaway… Continue reading MSMEs need to invest in R&D and build capacity to stay competitive: ACMA

Waymo is taking on the task of writing a safety case for the entire AV industry

/ The Alphabet-owned company published a paper that presents the safety case for its autonomous vehicles, saying it wants regulators and its competitors to join the effort. Photo by Justin Sullivan / Getty Images Waymo published a paper today outlining a safety case for autonomous vehicles that the company says should serve as a blueprint… Continue reading Waymo is taking on the task of writing a safety case for the entire AV industry

Supply chain disruptions driving shift from ‘just-in-time’ to ‘just-in-case’: ABB Robotics study

Supply chain disruptions driving shift from ‘just-in-time’ to ‘just-in-case’: ABB Robotics study Supply chain disruption and rising material costs are causing the global automotive industry to re-evaluate lean manufacturing principles, reveals a new survey commissioned by ABB Robotics. Shifting from ‘just-in-time’ to ‘just in case’ strategies, manufacturers are holding more stock to protect against unplanned… Continue reading Supply chain disruptions driving shift from ‘just-in-time’ to ‘just-in-case’: ABB Robotics study

Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab

Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by… Continue reading Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab

Ford reveals new Explorer EV for the European market

Ford revealed the electric 2023 Explorer for Europe on March 21, 2023. Ford DETROIT — Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV crossover is part of Ford’s plans to transition its European… Continue reading Ford reveals new Explorer EV for the European market

NVIDIA to Bring AI to Every Industry, CEO Says

ChatGPT is just the start. With computing now advancing at what he called “lightspeed,” NVIDIA founder and CEO Jensen Huang today announced a broad set of partnerships with Google, Microsoft, Oracle and a range of leading businesses that bring new AI, simulation and collaboration capabilities to every industry. “The warp drive engine is accelerated computing,… Continue reading NVIDIA to Bring AI to Every Industry, CEO Says