The maker of Chrysler, Dodge, Jeep and Ram vehicles on Monday said it will invest $2.8 billion (3.6 billion Canadian dollars) into its Canadian operations for its electric transition, preserving the futures of both Windsor and Brampton assembly plants and creating its first battery lab in North America. The amount is more than double the commitment Fiat… Continue reading Stellantis’ $2.8 billion investment secures future for Brampton, Windsor plants
Tag: Mobility
@FCA: Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants
May 2, 2022 , Windsor, Ontario – Stellantis today announced plans to invest $3.6 billion CAD ($2.8 billion USD) to secure the future of its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC) to accelerate the company’s move to a sustainable future. This announcement also supports the company’s… Continue reading @FCA: Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants
Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants
WINDSOR, Ontario, May 2, 2022 /PRNewswire/ — Announcement supports company’s long-term strategy to invest $45 billion CAD in electrification and software globally Represents transformation in Canadian operations to achieve electrified future Brings company’s total investment in Canada to $8.6 billion CAD, including recently announced Stellantis-LG Energy Solutions EV battery plant Windsor Assembly to add all-new,… Continue reading Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants
GM: AI in memory for autonomous driving
With Untether AI, the manufacturer General Motors is developing an improved AI for sensor evaluation. The company Untether AI develops AI inference calculations that run in memory. You now want to work with the manufacturer for this General Motors work together. The project is supported by the Ontario government and aims to take the perception… Continue reading GM: AI in memory for autonomous driving
Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
Magna is the exclusive mild hybrid transmission supplier for all front-transverse applications on BMW Group platform Contract extends across multiple models starting with the new BMW 2 Active Tourer Mild hybrid transmission technology significantly reduces CO2 emissions of an internal combustion engine AURORA, Ontario, May 02, 2022 (GLOBE NEWSWIRE) — Magna continues its accelerated transformation… Continue reading Magna Begins Production of First Mild Hybrid Transverse Transmission for BMW Group
Innoviz Selected by One of the Largest Global Vehicle Groups to be its Direct LiDAR Supplier for Series Production Vehicles; Increases Forward-Looking Order Book by $4 Billion
“We are proud to deliver our outstanding InnovizTwo LiDAR and perception software as the direct supplier to support this new series production program,” said Innoviz CEO and Co-Founder Omer Keilaf. “Being selected by a large-scale multi-brand global vehicle maker is a significant catalyst for Innoviz and we expect this will affect the entire industry which… Continue reading Innoviz Selected by One of the Largest Global Vehicle Groups to be its Direct LiDAR Supplier for Series Production Vehicles; Increases Forward-Looking Order Book by $4 Billion
@Hyundai: Kia announces April 2022 global sales results
April global sales at 238,538 units, down 5.8% y/y Sales outside of Korea recorded 188,443 units, down 6.8% y/y Sales in Korea recorded 50,095 units, down 2.0% y/y Kia to continue creating sales momentum and enhancing profitability through new models, such as the Kia EV6 Kia Corporation recorded total global sales of 238,538 units in… Continue reading @Hyundai: Kia announces April 2022 global sales results
@Nio: NIO Inc. Provides April 2022 Delivery Update000384
May 1, 2022 NIO Inc. Provides April 2022 Delivery Update NIO delivered 5,074 vehicles in April 2022 NIO delivered 30,842 vehicles year-to-date in 2022, increasing by 13.5% year-over-year Cumulative deliveries of vehicles as of April 30, 2022 reached 197,912 SHANGHAI, China, May 01, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO;… Continue reading @Nio: NIO Inc. Provides April 2022 Delivery Update000384
200 bps rate hike by Q3, inflation, weak capex negatives to growth: Nomura
The Nomura India Normalization Index (NINI) shows a broad-based improvement in activity in March. Nomura on Friday said that India is at the cusp of a policy normalisation cycle and a 200 basis points or bps hike in cumulative repo rate is expected by the third quarter of 2023, starting with a 25 bps hike… Continue reading 200 bps rate hike by Q3, inflation, weak capex negatives to growth: Nomura
ABB, Shell deal to set up EV charging ecosystem globally
Shell is targeting the operation of over 500,000 charge points globally by 2025 and 2,500,000 by 2030 at residential, commercial and Shell retail sites. New Delhi: ABB E-mobility, and Shell have announced their collaboration to bring flexible and quality charging solutions to millions of electric vehicle drivers the world over. ABB has signed a new… Continue reading ABB, Shell deal to set up EV charging ecosystem globally