Stellantis begins search for Carlos Tavares’ successor: Report

Stellantis said on Monday that it has begun looking out for Carlos Tavares’ successor, as his contract is slated to expire in 2026, Reuters said. The auto firm noted that it has however not ruled out the possibility of Tavares extending his term, the newswire reported.  Tavares has been mandated to course-correct the firm’s declining… Continue reading Stellantis begins search for Carlos Tavares’ successor: Report

The IGBT Market is projected to grow by USD 10.8 Billion from 2024-2028, with AI driving market evolution and government support for EVs and HEVs boosting growth – Technavio

NEW YORK, Sept. 25, 2024 /PRNewswire/ — The Global IGBT Market size is estimated to grow by USD 10.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.31%  during the forecast period. Increasing government support for EV or HEVS is driving market growth, with a trend towards functional consolidation of… Continue reading The IGBT Market is projected to grow by USD 10.8 Billion from 2024-2028, with AI driving market evolution and government support for EVs and HEVs boosting growth – Technavio

The Automotive Rear Seat Infotainment Market is projected to grow by USD 8.79 Billion from 2024-2028, with AI driving transformation and rising consumer demand for in-car entertainment boosting growth – Technavio

NEW YORK, Sept. 25, 2024 /PRNewswire/ — The Global Automotive Rear Seat Infotainment Market size is estimated to grow by USD 8.79 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 13.39%  during the forecast period. Increasing consumer demand for enhanced in-car entertainment is driving market growth, with a trend… Continue reading The Automotive Rear Seat Infotainment Market is projected to grow by USD 8.79 Billion from 2024-2028, with AI driving transformation and rising consumer demand for in-car entertainment boosting growth – Technavio

The Automotive Four-Wheel Drive Vehicle Market is projected to grow by USD 82.3 Billion from 2024-2028, with AI impacting trends and electrification of components boosting growth – Technavio

NEW YORK, Sept. 25, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Automotive Four-Wheel Drive Vehicle Market size is estimated to grow by USD 82.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 3.61%  during the forecast period. Benefits associated with… Continue reading The Automotive Four-Wheel Drive Vehicle Market is projected to grow by USD 82.3 Billion from 2024-2028, with AI impacting trends and electrification of components boosting growth – Technavio

Thai auto sector reels from falling orders and soaring household debt

Thailand’s USD 53 billion automobile industry faces a crisis. Thailand’s USD 53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives. The crisis in Southeast Asia’s largest car production hub has forced cuts to… Continue reading Thai auto sector reels from falling orders and soaring household debt

Renault Nissan Technology & Business Centre India inaugurates new workspace in Tamil Nadu

Renault Nissan Technology & Business Centre India Private Limited (Renault Nissan Tech) has inaugurated a new workspace in Chennai to accommodate an additional 2,000 employees. The expansion is part of the company’s ongoing efforts to support Renault and Nissan with innovative mobility solutions globally. The new office space, located at the company’s headquarters in Ascendas… Continue reading Renault Nissan Technology & Business Centre India inaugurates new workspace in Tamil Nadu

Tesla Model Y has a shot at becoming best-selling car in the US

Tesla Model Y has a real shot at becoming the best-selling passenger vehicle of 2024 in the US. Only the Toyota Rav4 stands in its way. Last year, Electrek made the Model Y its ‘car of the year’ despite launching in 2020 – three years prior. The Model Y improved between 2020 and 2023, but… Continue reading Tesla Model Y has a shot at becoming best-selling car in the US

Japanese firm shows high-tech SUV penned by Nissan GT-R designer

Japanese parts supplier THK will show a radical new electric car concept penned by Nissan GT-R designer Shiro Nakamura at the upcoming Paris motor show. Named the LSR-05, it’s a four-seat coupé-SUV conceived to show off the company’s latest technological developments. The fully functional car is powered by three electric motors: two 125bhp units are mounted in the rear… Continue reading Japanese firm shows high-tech SUV penned by Nissan GT-R designer