CHICAGO, July 21, 2023 /PRNewswire/ — Automotive seat market is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period, according to a new report by MarketsandMarkets™. The increasing demand for mid- & full-size SUVs and luxury cars has impacted the automotive seating… Continue reading Automotive Seat Market worth $58.4 billion by 2030 – Exclusive Report by MarketsandMarkets™
Tag: Financial Results
Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030
Improvements in battery software can allow for a smaller battery without reducing a vehicle’s range LONDON, July 20, 2023 /PRNewswire/ — Advanced Battery Management System (BMS) software could save automakers US$18 billion annually in 2030, equivalent to US$76 billion cumulatively from 2024. New research from global technology intelligence firm ABI Research finds that intelligent BMS software… Continue reading Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030
Vertiports Market worth $10.7 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 20, 2023 /PRNewswire/ — The vertiports market is estimated to be USD 0.4 billion in 2023 to USD 10.7 billion by 2030, at a CAGR of 62.1% from 2023 to 2030 according to a new report by MarketsandMarkets™. The growing technological advancements and smart city initiatives are driving the growth of the vertiports… Continue reading Vertiports Market worth $10.7 billion by 2030 – Exclusive Report by MarketsandMarkets™
ScotRail Chooses MRI Software to Streamline Management of Property Portfolio
Scottish government-owned train operator leverages MRI Horizon to centralise data, automate processes and drive efficiencies across station rentals LONDON, July 20, 2023 /PRNewswire/ — ScotRail, the publicly owned Scottish railway network operator, has selected MRI Software‘s Horizon solution to manage its rental and lease portfolio, comprising 220 units across 356 stations. MRI Horizon is an innovative… Continue reading ScotRail Chooses MRI Software to Streamline Management of Property Portfolio
EV Battery Swapping Market in India To Generate USD 61.57 Million Revenue in 2030: P&S Intelligence
NEW YORK, July 20, 2023 /PRNewswire/ — The India EV battery swapping market has generated USD 10.2 million revenue in 2022, which is projected to rise at a rate of 25.20% to 2030, to reach USD 61.57 million. P&S Intelligence attributes it to the reducing costs of electric vehicles and the need for a shorter… Continue reading EV Battery Swapping Market in India To Generate USD 61.57 Million Revenue in 2030: P&S Intelligence
United Auto Workers Open Contract Talks in Detroit
The three Detroit automakers and the United Auto Workers union have begun negotiating a new labor contract in what could become the most contentious talks between the two sides in perhaps half a century. The discussions, which formally started on Thursday, come as General Motors, Ford Motor and Stellantis have posted a long streak of… Continue reading United Auto Workers Open Contract Talks in Detroit
Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
Lordstown Motors, the troubled electric vehicle company that bought a shuttered General Motors factory in Ohio with grand plans to create the Tesla of pickup trucks, filed for bankruptcy protection on Tuesday. Once hailed by former President Donald J. Trump for preserving manufacturing jobs, the company struggled with a series of development setbacks and frequent… Continue reading Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
Ford’s Battery Joint Venture to Get $9.2 Billion Government Loan
Ford Motor and its battery manufacturing partner will receive a $9.2 billion loan to build three battery factories in Kentucky and Tennessee, the Department of Energy said Thursday. The loan is the single biggest financial commitment the Biden administration has made in its effort to build an electric vehicle manufacturing network in the United States.… Continue reading Ford’s Battery Joint Venture to Get $9.2 Billion Government Loan
Encoder Market worth $4.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 21, 2023 /PRNewswire/ — The Encoder Market is projected to grow from USD 2.7 billion in 2023 and is projected to reach USD 4.5 billion by 2028; it is expected to grow at a CAGR of 11.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The increasing adoption of encoders in… Continue reading Encoder Market worth $4.5 billion by 2028 – Exclusive Report by MarketsandMarkets™
Autoliv: Financial Report April – June 2023
STOCKHOLM, July 21, 2023 /PRNewswire/ — (NYSE: ALV) (SSE: ALIV.sdb) Q2 2023: Record second quarter sales Financial highlights Q2 2023 $2,635 million net sales 27% net sales increase 27% organic sales increase* 3.6% operating margin 8.0% adjusted operating margin* $0.61 EPS, 32% decrease $1.93 adjusted EPS*, 115% increase Full year 2023 indications Around 15% organic sales… Continue reading Autoliv: Financial Report April – June 2023