Magna International MGA recently announced that it is expanding its operations into Chatham-Kent, Ontario, as part of an extension of its current operations in St. Thomas to support new business from Ford F. Magna, focused on accelerating its electrification strides, is leveraging its top-class body and chassis expertise to provide innovative battery enclosures. MGA’s investment… Continue reading Magna (MGA) to Expand Ontario Operations for Battery Enclosures
Tag: Contract Manufacturer
Electric mobility: Valmet Automotive delivered over 400,000 batteries in 2021
Valmet Automotive reached a new record volume in battery manufacturing in 2021 with over 400,000 delivered units. The ramp-up in volume was due to strong customer demand, increased production efficiency, extension of the Salo battery plant and battery production start at the Uusikaupunki plant. Valmet Automotive is extending and diversifying its battery supply. Valmet Automotive… Continue reading Electric mobility: Valmet Automotive delivered over 400,000 batteries in 2021
AVL And Cybellum Partner to Provide Automated Cybersecurity Vulnerability Management and Regulatory Compliance for the Automotive Industry
TEL AVIV, Israel and GRAZ, Austria, March 29, 2022 /PRNewswire/ — With the growing scale and complexity of vehicle software often referred to as the “data center on wheels,” attack surfaces are increasing as do cyberattacks within the automotive market. Upcoming UNECE WP.29 R155 and R156 regulations as well as the ISO/SAE 21434 standard, mandate that… Continue reading AVL And Cybellum Partner to Provide Automated Cybersecurity Vulnerability Management and Regulatory Compliance for the Automotive Industry
Magna Posts 2021 Annual Report
AURORA, Ontario, March 25, 2022 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2021 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the… Continue reading Magna Posts 2021 Annual Report
Foxconn aims to get 5% of global market share for EV business by 2025
Foxconn recently said it will build electric vehicle manufacturing facilities in the US and Thailand next year. Beijing: Foxconn, the world’s largest electronics contract manufacturer and Apple’s main iPhone supplier, is planning to capture around 5 per cent of the market share globally in the electric vehicles (EV) by the end of 2025. By that… Continue reading Foxconn aims to get 5% of global market share for EV business by 2025
Alpine A4810 concept is a hydrogen hypercar for 2035
The stunning new Alpine A4810 concept is an intriguing vision of the zero-emission sports cars the French brand could be building in 2035. Described as a ‘super-berlinette’, the concept is the work of transportation design students at the Turin-based Istituto Europeo di Design, who were briefed in autumn 2021 by Alpine to create a concept… Continue reading Alpine A4810 concept is a hydrogen hypercar for 2035
Valmet Automotive starts change negotiations due to component shortage
Valmet Automotive has today issued a change negotiation proposal on the need for temporary personnel layoffs at the Uusikaupunki car plant. The proposal is based on financial and production-related grounds due to a component shortage in the A-Class production, caused by the recent global disruptions in component supply chains. For Valmet Automotive, the situation has… Continue reading Valmet Automotive starts change negotiations due to component shortage
Cleantechnica: Stellantis CEO Certain Company Can Catch Tesla 001793
Stellantis CEO Carlos Tavares told the world this week, “I am very confident — I am trying not to be arrogant, just confident — of the fact that we are going to catch up in the next couple of years with Tesla and it’s going to be a very healthy competition.” The company released a… Continue reading Cleantechnica: Stellantis CEO Certain Company Can Catch Tesla 001793
Valmet Automotive’s Annual Review 2021: Strong growth in EV Systems, record operating profit for the Group
Despite the continued extraordinary external circumstances with the corona pandemic and component shortages, 2021 was a year of growth for Valmet Automotive in all business lines with the strongest growth in EV Systems. The most significant events of the year included several new customer contracts in all business lines, new production facilities and products in the… Continue reading Valmet Automotive’s Annual Review 2021: Strong growth in EV Systems, record operating profit for the Group
German Handelsblatt: Automotive supplier: Controversial spin-off plans – what remains of Continental?003903
Wolfgang Reitzle will alles aus Continental herausholen. Der Aufsichtsratschef des Dax-Konzerns hat es auf eine höhere Börsenbewertung und mehr Kapital abgesehen. Sein Plan: Die Conti-Sparte für das automatisierte Fahren aus dem Gesamtkonzern herauslösen und dadurch den wirklichen Wert des wichtigsten Zukunftsgeschäfts für Investoren sichtbar machen. Die könnten sich dann auch an den hohen Investitionen beteiligen.… Continue reading German Handelsblatt: Automotive supplier: Controversial spin-off plans – what remains of Continental?003903