Toyota, Nissan and Honda to team on AI and chips for next-gen cars

TOKYO — Toyota Motor, Nissan Motor, Honda Motor and other major Japanese automakers will work together to develop software for next-generation vehicles, bringing together their expertise in such areas as generative AI and semiconductors, Nikkei has learned. In a soon-to-be-announced strategy for digital transformation in the auto industry, Japan’s Ministry of Economy, Trade and Industry will… Continue reading Toyota, Nissan and Honda to team on AI and chips for next-gen cars

Mitsubishi Motors Announces Momentum 2030, North American Five-Year Business Plan

Momentum 2030 North America plan defined by four key points: Electrification will advance with a blend of powertrains – hybrid, plug-in hybrid, battery electric One new or completely refreshed vehicle to debut each year between fiscal 2026 and fiscal 2030; new vehicles to be introduced across more segments Dealer-count to increase to cover more sales markets… Continue reading Mitsubishi Motors Announces Momentum 2030, North American Five-Year Business Plan

Mahindra Group re-appoints Anish Shah as MD and Rajesh Jejurikar as CEO – Know other key announcements

Updated On May 16, 2024 at 04:10 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Rajesh Jejurikar is going to be re-appointed from April 1, 2025 to June 24, 2029 and Anish Shah from April 1, 2025 to March 1, 2030. New Delhi: Mahindra and Mahindra, has today announced about the… Continue reading Mahindra Group re-appoints Anish Shah as MD and Rajesh Jejurikar as CEO – Know other key announcements

Polycarbonate Resin Market worth $20.1 billion by 2029 – Exclusive Report by MarketsandMarkets™

The polycarbonate resin market is driven by several factors, including technological advancements, shifting consumer behaviors, favorable economic conditions, expanding applications in various industries, and growing demand. The increasing use of polycarbonate resin in various end-use industries, such as electrical & electronics, optical media, consumer goods, automotive, construction, packaging, medical, is a significant driver for market… Continue reading Polycarbonate Resin Market worth $20.1 billion by 2029 – Exclusive Report by MarketsandMarkets™

Uber will soon let you reserve a shuttle to get home from a big concert or ballgame

Google I/O isn’t the only tech-adjacent event this week. Uber just held its annual GO-GET event and announced a whole bunch of new features coming to the rideshare platform/taxi app/whatever you wanna call it. Much of this news concerns shuttles and expanded ride sharing options, specifically a new option called Uber Shuttle. This lets users… Continue reading Uber will soon let you reserve a shuttle to get home from a big concert or ballgame

Carbon Composites Market size is set to grow by 177.9 mn tons from 2023-2027, increasing demand for fuel-efficient vehicles to boost the market growth, Technavio

NEW YORK, May 15, 2024 /PRNewswire/ — The global carbon composites market  size is estimated to grow by 177.9 mn t from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  11.49%  during the forecast period.  For more insights on the forecast market size and historic data (2017 – 2021) – Download Free sample report… Continue reading Carbon Composites Market size is set to grow by 177.9 mn tons from 2023-2027, increasing demand for fuel-efficient vehicles to boost the market growth, Technavio

Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.

U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC.  Win Mcnamee | Getty Images DETROIT — President Joe Biden’s plan to quadruple tariffs on China-made electric vehicles is unlikely to stave off the… Continue reading Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.

SEA Digest: Vietnam’s Masan to divest German asset; SG-based CDL buys Paris hotel

In recent outbound deal activities, Vietnam-based Masan Group has agreed to sell German tungsten powder producer H.C. Starck Holding, while Singapore’s City Developments Limited has acquired the Hilton Paris Opéra hotel from Blackstone. Masan to sell H.C. Starck to Mitsubishi unit Vietnamese conglomerate Masan Group, through its subsidiary Masan High-Tech Materials, will divest German tungsten… Continue reading SEA Digest: Vietnam’s Masan to divest German asset; SG-based CDL buys Paris hotel

Toyota once again ranked as worst automaker on climate lobbying globally

Toyota has the worst climate lobbying score of any automaker, and the third-worst 2030 EV production plans, according to InfluenceMap’s annual report on climate lobbying. Another year, another report showing how bad Toyota is for the environment. Toyota has routinely ranked at the bottom of InfluenceMap’s climate policy engagement rankings, and this year is no… Continue reading Toyota once again ranked as worst automaker on climate lobbying globally