American carmakers GM and Ford are taking steps to mitigate the impact of the global semiconductor supply chain crisis, which has adversely impacted the automakers the world over. The just-in-time production bubble has burst catastrophically, the problems accelerated by earthquakes, floods and fires at various manufacturing locations around the world, and exacerbated again by the Covid pandemic in Asia, where… Continue reading GM and Ford ink supplier partnerships to combat chip crisis
Tag: Strategy
@Ford: GlobalFoundries, Ford to Address Auto Chip Supply and Meet Growing Demand
Agreement aims to build and strengthen a collaborative model to accelerate the next wave of innovation in automotive chip design Malta, New York, and Dearborn, Mich., Nov. 18, 2021 – GlobalFoundries Inc. (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company (NYSE: F) today announced a strategic collaboration to advance… Continue reading @Ford: GlobalFoundries, Ford to Address Auto Chip Supply and Meet Growing Demand
Ford Announces Partnership to Assure Steady Flow of U.S.-Made Chips
About two months ago, the chief executives of Ford Motor and GlobalFoundries, a semiconductor supplier, spent several hours discussing the chip shortage vexing automakers and disrupting production around the world. On Thursday, the companies revealed the result of that meeting — a collaboration aimed at increasing chip manufacturing in the United States and improving Ford’s… Continue reading Ford Announces Partnership to Assure Steady Flow of U.S.-Made Chips
Sono Motors has gone public, aims to get Sion solar electric vehicle to market by 2023
The idea for Sono Motors, the company that wants to power every electric vehicle using solar power, started nine years ago in a Munich basement when two entrepreneurial 18-year-olds starting spitballing solutions to society’s dependence on fossil fuels. Jona Christians and Laurin Hahn, Sono Motors’ co-founders, weren’t that into cars, but they recognized how much… Continue reading Sono Motors has gone public, aims to get Sion solar electric vehicle to market by 2023
BorgWarner Awarded Grant to Launch e-Product in Cadillac, Michigan Plant
CADILLAC, Mich., Nov. 18, 2021 /PRNewswire/ — BorgWarner Thermal Systems has been awarded a grant to grow its electric vehicle business and is set to launch a new high-voltage coolant heater (HVCH) at its existing facility in Cadillac, Michigan. The electrification project is expected to generate a total capital investment of $11.2 million and create… Continue reading BorgWarner Awarded Grant to Launch e-Product in Cadillac, Michigan Plant
@BMW: BMW Manufacturing to Expand Plant Logistics Operations.001598
Spartanburg, S.C. – November 18, 2021… BMW Manufacturing announced today that it will expand its logistics operations to a new building being developed across Interstate 85 from the plant. The facility, located off Freeman Farm Road, is being constructed by Becknell Industrial. Total investment in the project is approximately $100 million. When completed, the new logistics… Continue reading @BMW: BMW Manufacturing to Expand Plant Logistics Operations.001598
Hyundai Debuts All-Electric SUV Concept at LA Auto Show
Hyundai Motor Company presents its all-electric SUV concept SEVEN at AutoMobility LA. Photo: Louis Prejean Hyundai Motor Company debuted its all-electric SUV concept, SEVEN, at AutoMobility LA in the Los Angeles Convention Center on Nov. 17. The SUV concept was showcased on stage in front of a video presentation featuring José Muñoz, president and CEO… Continue reading Hyundai Debuts All-Electric SUV Concept at LA Auto Show
@Daimler: Milestones in the transformation toward a sustainable future: Mercedes-Benz to manufacture axial-flux electric motors
The Mercedes-Benz site in Berlin will expand its electric product portfolio to include the assembly of YASA high-performance electric motors The “Mercedes-Benz Digital Factory Campus” – competence centre for digitalisation in the global Mercedes-Benz production network – to start operations next year The MO360 training and qualification centre establishes innovative new training concepts Far-reaching digital… Continue reading @Daimler: Milestones in the transformation toward a sustainable future: Mercedes-Benz to manufacture axial-flux electric motors
Sentinel Capital Partners Acquires Empire Auto Parts
NEW YORK, Nov. 18, 2021 /PRNewswire/ — Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, today announced its acquisition of Empire Auto Parts, a leading specialty distributor of aftermarket collision parts. Terms of the deal were not disclosed. Headquartered in Totowa, New Jersey, Empire operates five distribution hubs and 22 satellite… Continue reading Sentinel Capital Partners Acquires Empire Auto Parts
Lion Electric Receives Conditional Order for 55 100% Electric School Buses from Groupe Séguin
MONTREAL, Nov. 18, 2021 /PRNewswire/ – Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty vehicles, announced today that it has received an order from Groupe Autobus Séguin (Autobus Séguin) for 55 100% electric school buses, including 45 LionA and 10 LionC models, to be delivered… Continue reading Lion Electric Receives Conditional Order for 55 100% Electric School Buses from Groupe Séguin