QUEBEC CITY, Jan. 3, 2024 /PRNewswire/ – LeddarTech®, an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD and parking applications, proudly announces the appointment of Mr. Oren Dayan as Vice-President of Product Line Management and Business Development. Mr. Dayan will be based at LeddarTech’s research… Continue reading LeddarTech Appoints Oren Dayan as Vice-President of Product Line Management and Business Development
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LeddarTech Appoints Oren Dayan as Vice-President of Product Line Management and Business Development
QUEBEC CITY, Jan. 3, 2024 /PRNewswire/ — LeddarTech®, an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD and parking applications, proudly announces the appointment of Mr. Oren Dayan as Vice-President of Product Line Management and Business Development. Mr. Dayan will be based at LeddarTech’s research… Continue reading LeddarTech Appoints Oren Dayan as Vice-President of Product Line Management and Business Development
Uncertainty and tight finances slowed new car sales in 2023
The year 2023 was a real cold shower for the car industry and for the goal of replacing the car fleet with zero emissions: The number of first-time registered new passenger cars ended up at 126,953 – a whopping 27 percent behind 2022. And while December 2022 set a new registration record for a single… Continue reading Uncertainty and tight finances slowed new car sales in 2023
U.A.W. Announces Drive to Organize Nonunion Plants
The United Automobile Workers union announced Wednesday that it was undertaking an ambitious drive to organize plants owned by more than a dozen nonunion automakers, including Tesla and several foreign companies — a goal that has long eluded it. The move comes weeks after the U.A.W. won new contracts from General Motors, Ford Motor and… Continue reading U.A.W. Announces Drive to Organize Nonunion Plants
Volvo: investors fear carmaker’s strategy lacks juice
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GLP-backed Hidden Hill Capital closes second RMB-denominated PE fund at over $1.1bThe vehicle will invest in modern logistics services, and innovative…
Hidden Hill Capital, the private equity (PE) arm of global logistics giant GLP, has closed its second RMB-denominated PE fund at almost 8 billion yuan (over $1.1 billion), the parent company announced on Tuesday. The new fund attracted capital commitments from both existing and new limited partners (LPs), including insurance firms, industry capital, funds-of-funds (FOFs),… Continue reading GLP-backed Hidden Hill Capital closes second RMB-denominated PE fund at over $1.1bThe vehicle will invest in modern logistics services, and innovative…
Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
An indication of the growing shift to e-mobility on four wheels is seen on our roads in the form of green-plated SUVs, sedans and, more recently, hatchbacks as an increasing number of passenger vehicle buyers are preferring to put their money on a wallet-friendly EV, despite the higher initial price compared to their petrol or… Continue reading Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
An indication of the growing shift to e-mobility on four wheels is seen on our roads in the form of green-plated SUVs, sedans and, more recently, hatchbacks as an increasing number of passenger vehicle buyers are preferring to put their money on a wallet-friendly EV, despite the higher initial price compared to their petrol or… Continue reading Electric car, SUV and MPV sales jump 114% to over 81,000 units in CY2023
Slow and steady growth for India’s CV segment
The commercial vehicle (CV) segment, which is considered to be the barometer of economic activity, is likely to reach pre-pandemic volumes with modest growth in the range of two to four percent year-on-year during FY2024. However, the projected growth is relatively lower than the 7–10 percent growth that was forecast earlier in the year, after… Continue reading Slow and steady growth for India’s CV segment
Year-ender 2023: A recap of major people movements in the Indian auto industry
As the automotive industry bids farewell to 2023, these strategic appointments and departures set the stage for an exciting and transformative journey in the year ahead. New Delhi: As the wheels of the automotive industry continue to turn, 2023 has proved to be a pivotal year marked by dynamic changes and strategic realignments in personnel… Continue reading Year-ender 2023: A recap of major people movements in the Indian auto industry