Dave Walters of Orange County, California, stands by his newly leased Hyundai Ioniq 5 electric vehicle. Provided by Dave Walters Fed up with high gas prices and enticed by federal tax credits, Dave Walters decided he wanted an all-electric Hyundai Ioniq 5 for his next vehicle. The Orange County, California, resident initially thought about purchasing… Continue reading Automakers find a tax credit loophole to increase EV leasing and boost sales
Tag: Manufacturing
Tenn. company refuses US request to recall 67M air bag inflators
Detroit – A Tennessee company could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled. The National Highway Traffic Safety Administration is demanding that ARC Automotive Inc. of Knoxville recall 67 million inflators in the U.S. because they could… Continue reading Tenn. company refuses US request to recall 67M air bag inflators
JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
A New Partnership between Hellenic Defence Systems (EAS) and Global Aerospace and Technology company, Paramount Presents Game-Changer for Greek UAV Market ATHENS, Greece, May 12, 2023 /PRNewswire/ — Greek state defence company, Hellenic Defence Systems (EAS) and Paramount Industries Greece have signed a strategic partnership for the local production of next generation, long-range loitering munitions,… Continue reading JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
Autoliv Announces Results of 2023 Annual Stockholders Meeting
STOCKHOLM, May 11, 2023 /PRNewswire/ — Autoliv, Inc., (NYSE: ALV) (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announced the results of its annual general meeting of stockholders held on May 11, 2023. Annual General Meeting of Stockholders The Company’s 2023 Annual General Meeting of Stockholders (AGM) voted for approval of the following… Continue reading Autoliv Announces Results of 2023 Annual Stockholders Meeting
Automotive Chip Market to Reach $121.3 Billion, Globally, by 2031 at 9.6% CAGR: Allied Market Research
The global automotive chip market is driven by factors such as increase in demand for advanced driving assistance system (ADAS), rise in demand for electric vehicles, and surge in demand for autonomous driving. PORTLAND, Ore., May 11, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Chip Market by Product (microcontrollers, logic ICs, sensors, analog ICs,… Continue reading Automotive Chip Market to Reach $121.3 Billion, Globally, by 2031 at 9.6% CAGR: Allied Market Research
The US government wants to recall 67 million airbag inflators
The inflators could reportedly rupture and shoot metal fragments inside the vehicle. The National Highway Traffic Safety Administration (NHTSA) is calling for a recall of 67 million airbag inflators after a lengthy investigation over allegations that they could rupture and injure drivers and passengers. These inflators were designed by ARC Automotive, Inc. and were manufactured… Continue reading The US government wants to recall 67 million airbag inflators
Automotive Manufacturing Equipment Market worth $11.4 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 12, 2023 /PRNewswire/ — The global automotive manufacturing equipment market is expected to grow from USD 6.7 billion in 2023 to USD 11.4 billion by 2028, at a CAGR of 11.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. Enhancing cost competitiveness through automation in developed countries and growing adoption of Industry… Continue reading Automotive Manufacturing Equipment Market worth $11.4 billion by 2028 – Exclusive Report by MarketsandMarkets™
Yadea High-performance E-mobility Won German 2023 Red Dot Awards and the iF DESIGN AWARDs
HONG KONG, May 12, 2023 /PRNewswire/ — Yadea (01585.HK), a global leading brand of developing and manufacturing two-wheeler electric vehicles, won four international product design awards, namely two Red Dot Awards and two iF DESIGN AWARDs. After winning IDEA awards in 2022, Yadea became a winner brand again. The winners are Yadea E-motorcycle KEENESS, Yadea… Continue reading Yadea High-performance E-mobility Won German 2023 Red Dot Awards and the iF DESIGN AWARDs
Zoomlion Exhibits Intelligent Products and Digitalization Achievements in Zoomlion Smart Industrial City
CHANGSHA, China, May 12, 2023 PRNewswire/– Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) is hosting a technological achievements exhibition themed “Technology Salute to the New Era” from May 11 to 14 in the Zoomlion Smart Industrial City (the “City”) in Changsha, Hunan Province, showcasing its achievements in intelligent manufacturing, intelligent product development, and digital… Continue reading Zoomlion Exhibits Intelligent Products and Digitalization Achievements in Zoomlion Smart Industrial City
JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
A New Partnership between Hellenic Defence Systems (EAS) and Global Aerospace and Technology company, Paramount Presents Game-Changer for Greek UAV Market ATHENS, Greece, May 12, 2023 /PRNewswire/ — Greek state defence company, Hellenic Defence Systems (EAS) and Paramount Industries Greece have signed a strategic partnership for the local production of next generation, long-range loitering munitions,… Continue reading JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece