Facility will open in Q3 2023, manufacture injection molded parts and engineered plastics SOUTHFIELD, Mich., May 23, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced plans to open a Connection Systems plant in Morocco in the third quarter of 2023 that will manufacture injection molded… Continue reading Lear Adding Connection Systems Plant in Morocco
Tag: Manufacturing
Latin America Automotive Growth Outlook 2023: Market is Expected to Grow by 2.4% Despite Scarcity of Resources and Auto Parts, the Russo-Ukrainian War, Inflation, and Exchange Rates
DUBLIN, May 23, 2023 /PRNewswire/ — The “LATAM Automotive Growth Outlook 2023” report has been added to ResearchAndMarkets.com’s offering. The industry is expected to grow by 2.4% in 2023. This study covers trends including powertrain diversification, a rise in the number of SUVs, the penetration of Chinese OEMs, modifications in purchase processes, and local production… Continue reading Latin America Automotive Growth Outlook 2023: Market is Expected to Grow by 2.4% Despite Scarcity of Resources and Auto Parts, the Russo-Ukrainian War, Inflation, and Exchange Rates
General Dynamics Electric Boat Awarded $1.076 Billion Contract Modification for Virginia-Class Submarines
GROTON, Conn., May 23, 2023 /PRNewswire/ — General Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), announced today it has been awarded a $1.076 billion contract modification from the U.S. Navy to provide long-lead-time material and advanced construction for Virginia-class fast-attack submarines. Electric Boat is presently under contract for construction of submarines… Continue reading General Dynamics Electric Boat Awarded $1.076 Billion Contract Modification for Virginia-Class Submarines
Ford reverses plan, vows to keep AM radio for its electric, non-electric vehicles
Ford CEO Jim Farley announced Tuesday morning that the automaker is reversing its previous plan to remove AM radio from vehicles, both electric and gasoline-operated, in 2024. Farley, in a post on his LinkedIn professional page and a tweet on Twitter, said: “After speaking with policy leaders about the importance of AM broadcast radio as… Continue reading Ford reverses plan, vows to keep AM radio for its electric, non-electric vehicles
Magna annonce ses résultats du premier trimestre 2023
Le chiffre d’affaires a augmenté de 11 % pour atteindre 10,7 milliards de dollars, alors que la production mondiale de véhicules légers est en hausse de 3 % Le bénéfice dilué par action et le bénéfice dilué ajusté par action ajusté se sont respectivement élevés à 0,73 $ et 1,11 $ 132 millions de dollars de dividendes versés Augmentation de la fourchette… Continue reading Magna annonce ses résultats du premier trimestre 2023
High Power Charger For Electric Vehicle Market Market size to grow by USD 40,486.62 million from 2022 to 2027, APAC to account for 44% of the market growth – Technavio
NEW YORK, May 23, 2023 /PRNewswire/ — The high power charger for electric vehicle market size is set to grow by USD 40486.62 million between 2022 and 2027 and register a CAGR of 39.26%, according to Technavio’s latest market research report. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by… Continue reading High Power Charger For Electric Vehicle Market Market size to grow by USD 40,486.62 million from 2022 to 2027, APAC to account for 44% of the market growth – Technavio
Lotus and Renault no longer co-developing an all-electric Alpine sports coupe
Niche performance automakers Lotus Cars and Renault Group subsidiary Alpine have announced that after two years, they are no long co-developing an all-electric sports coupe that was slotted to replace the combustion-dependent Alpine A110. Here’s the latest. Let’s start with Alpine. The automaker’s history dates back to the 1950s, working consistently with fellow French company… Continue reading Lotus and Renault no longer co-developing an all-electric Alpine sports coupe
Tesla starts flooding Canadian EV market with China-made cars
Tesla is starting to flood the Canadian EV market with China-made electric cars, which are cheaper and could change the market. When first announcing plans to build cars in China, CEO Elon Musk clearly stated that it would only be to satisfy local demand and that Tesla wouldn’t export vehicles from China. That changed after… Continue reading Tesla starts flooding Canadian EV market with China-made cars
Europa Wire: Bentley Drives Towards Carbon Neutrality with Launch of Sustainability Council and Publication of Sustainability Report000630
Sustainability Council Members (IN BRIEF) Luxury automotive brand Bentley has launched its Bentley Sustainability Council, consisting of three experts, as part of its commitment to sustainability. The council will advise the company on its Beyond100 strategy and help achieve carbon neutrality by 2030. Bentley has also released its first-ever Sustainability Report, providing transparency on its… Continue reading Europa Wire: Bentley Drives Towards Carbon Neutrality with Launch of Sustainability Council and Publication of Sustainability Report000630
@Renault: Renault Group and Valeo sign a partnership in Software Defined Vehicle development000499
Renault Group and Valeo sign a partnership in Software Defined Vehicle development Renault Group and Valeo are extending their collaboration on the Software Defined Vehicle (SDV). Valeo will supply some of the key electrical and electronic components, such as the High-Performance Computer, and contribute to software development. With Google on software, Qualcomm on hardware, and… Continue reading @Renault: Renault Group and Valeo sign a partnership in Software Defined Vehicle development000499