Varroc Group’s MD, Tarang Jain: “Turkey is going to be a key market. Its car industry is 1.7 million units strong.” Homegrown auto component major Varroc Engineering is set to take a couple of steps aimed at strengthening its lighting business and entering into a new space. The Aurangabad-headquartered company is set to acquire a… Continue reading Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI
Tag: Financial Results
Peek raises $23M and inks partnership with Google in push to digitize travel activities
Peek, a U.S. startup aiming to digitize the travel activities industry, has pulled a $23 million Series B round of financing and uncorked a partnership with Google that will help increase its visibility. Founded in 2012 by Ruzwana Bashir (CEO) and Oskar Bruening (CTO), the startup describes itself as “OpenTable for the activities market” in that it… Continue reading Peek raises $23M and inks partnership with Google in push to digitize travel activities
Tesla chief Elon Musk accuses worker of sabotage
Tesla chief executive Elon Musk has accused an employee of carrying out “extensive and damaging sabotage” at the electric carmaker. In an email to staff, Mr Musk said an unnamed employee made unspecified coding changes to its manufacturing operating system and sent sensitive data to unnamed third parties. The company did not comment and the… Continue reading Tesla chief Elon Musk accuses worker of sabotage
Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
One of the auto industry’s first 48-volt mild-hybrid transfer casesAchieves up to 10% CO2 savings compared to a two-wheel drive systemCan be easily integrated into existing drivetrainsSAILAUF, Germany, June 14, 2018 (GLOBE NEWSWIRE) — Magna is on the fast track to vehicle electrification. With its all-new industry-leading 48-volt transfer case and an array of other… Continue reading Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Reduces effort needed to open and close a car door by 40-60 percentAllows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratingsWill enter the market on future models with a European automakerAURORA, Ontario, May 23, 2018 (GLOBE NEWSWIRE) — For automakers, two key customer satisfaction considerations are the feel… Continue reading Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
The BMW Group and CRITICAL Software are expanding their cooperation
Munich. Following successful collaboration in the past, the BMW Group and CRITICAL Software are now planning a strategic expansion of their cooperation. The two companies have reached an agreement to form a joint venture entitled Critical TechWorks, subject to examination of and approval from the relevant competition authorities. By creating this joint venture, the BMW… Continue reading The BMW Group and CRITICAL Software are expanding their cooperation
Bill Ford on CEO Hackett: ‘I love having him here’
CLOSE Bill Ford talks Detroit, last name Ford vs Forde Eric Seals, Detroit Free Press Buy Photo Jim Hackett, President and Chief Executive Officer of Ford Motor Company, with Bill Ford Jr. during the North American International Auto Show in Detroit in January 2018. (Photo: Mandi Wright, Detroit Free Press)Buy Photo Ford CEO Jim Hackett… Continue reading Bill Ford on CEO Hackett: ‘I love having him here’
Nissan to use ultrastrong, high-formability steel in more new vehicles
World-first innovation can help lower emissions and improve performance by reducing vehicle weight YOKOHAMA, Japan (June 18, 2018) – Nissan Motor Co., Ltd. will build more models using a new type of steel that combines high tensile strength with a previously unachievable degree of formability, resulting in lighter vehicles that can help lower emissions while… Continue reading Nissan to use ultrastrong, high-formability steel in more new vehicles
Volvo Cars aims for 25 per cent recycled plastics in every new car from 2025
Volvo Cars aims for 25 per cent recycled plastics in every new car from 2025 Volvo Cars, the premium car maker, today announced its ambition that from 2025, at least 25 per cent of the plastics used in every newly launched Volvo car will be made from recycled material. Volvo Cars also urged… Continue reading Volvo Cars aims for 25 per cent recycled plastics in every new car from 2025
Top Automotive Industry News for Week of June 11 – June 17, 2018
Here is the most important news associated with the automotive industry identified by the SEA for the week June 11, 2018 – June 17, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Automakers Are Swimming Upstream against Cyberthreats (Car and Driver) Cab, Forward:… Continue reading Top Automotive Industry News for Week of June 11 – June 17, 2018