Mobility Solutions is the largest Bosch Group business sector. It generated sales of 42.1 billion euros in 2020, and thus contributed 59 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting,… Continue reading Bosch to invest more than 400 million euros in its semiconductor fabs in 2022
Tag: Strategy
@VW Group: Audi Group makes healthy profit despite semi-conductor crisis – forecast for 2021 adjusted004111
Following record figures in the first half of the year, the third quarter is characterized above all by the crisis in semiconductors. After nine months, the Audi Group, in spite of the challenges, is in a respectable position overall in operating and financial terms. From January to September, the number of deliveries, revenue, operating profit,… Continue reading @VW Group: Audi Group makes healthy profit despite semi-conductor crisis – forecast for 2021 adjusted004111
@BMW: Designworks Launches MATERIA: The Garden of Possibilities, Exploring the Future of Biomaterials.001554
Woodcliff Lake, NJ – October 29, 2021… Designworks, BMW Group’s strategic design consultancy, opened today MATERIA: The Garden of Possibilities — an immersive exhibit which explores the future potential of biomaterials and their possible applications in manufacturing. MATERIA serves to underscore the BMW Group’s commitment to innovation, sustainability, and circularity by exploring environmentally friendly alternative… Continue reading @BMW: Designworks Launches MATERIA: The Garden of Possibilities, Exploring the Future of Biomaterials.001554
Toyota’s new electric SUV has a solar roof and a steering yoke like Tesla
Toyota released new details about its upcoming electric compact SUV, the BZ4X, which includes an optional solar roof and a steering yoke similar to the one featured in the latest version of the Tesla Model S. The steering yoke, which Toyota describes as having a “wing-shape,” employs a steer-by-wire system, where there is no mechanical… Continue reading Toyota’s new electric SUV has a solar roof and a steering yoke like Tesla
Lear Increases and Extends Its Revolving Credit Facility
SOUTHFIELD, Mich., Oct. 29, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into an agreement to refinance its existing credit facility. The amended and restated credit agreement extends the maturity of its revolving credit facility to October 2026 from August 2024… Continue reading Lear Increases and Extends Its Revolving Credit Facility
@Daimler: Daimler performance resilient in third quarter
Unit sales at Mercedes-Benz Cars & Vans decreased due to semiconductor shortage Group revenue of €40.1 billion (Q3 2020: €40.3 billion) at prior-year level EBIT of €3,579 million (Q3 2020: €3,070 million) Industrial free cash flow of €2,249 million (Q3 2020: €5,139 million) Net industrial liquidity of €23.5 billion (end of Q2 2021: €20.9 billion)… Continue reading @Daimler: Daimler performance resilient in third quarter
@Ford: Ford and Newlab Announce Startups to Pilot New Electric Vehicle Tech in Mobility Innovation Program
DETROIT, Oct. 28, 2021 – Ford Motor Company and Newlab, a community of experts and innovators applying transformative technology to solve the world’s biggest challenges, today announced the five startups that will participate in the inaugural cohort of the Mobility Studio – a new program focused on supporting the advancement of technologies, product collaborations and… Continue reading @Ford: Ford and Newlab Announce Startups to Pilot New Electric Vehicle Tech in Mobility Innovation Program
Lear to Acquire Kongsberg Automotive’s Interior Comfort Systems Business Unit
SOUTHFIELD, Mich., Oct. 28, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into a definitive agreement to acquire substantially all of Kongsberg Automotive’s Interior Comfort Systems (ICS) business unit. Kongsberg Automotive’s ICS business unit specializes in comfort seating solutions, with a leadership… Continue reading Lear to Acquire Kongsberg Automotive’s Interior Comfort Systems Business Unit
@VW Group: Volkswagen Q3 earnings impacted by massive semiconductor shortage – nine-month performance up on the prior year004103
Despite the ongoing structural shortage of semiconductors throughout the industry, Volkswagen delivered around 3.8 million vehicles to customers worldwide in the first nine months (+3.3% compared with the prior-year period). During the reporting period, sales revenue grew to EUR 55.5 billion (+18%) and the operating profit increased by EUR 2.6 billion year on year to… Continue reading @VW Group: Volkswagen Q3 earnings impacted by massive semiconductor shortage – nine-month performance up on the prior year004103
@Groupe PSA: PR Third Quarter 2021 Shipments and Revenues002702
Stellantis Reports Q3 Net Revenues of €32.6 Billion Significant Commercial Actions and New Product Launches Mitigated Continued Impact of Semiconductor ShortagesFull-Year Guidance Confirmed • Consolidated shipments(1) of 1,131 thousand units, down 27% compared to Q3 2020 Pro Forma(2) primarily due to loss of ~30% of Q3 2021 planned production, or ~600 thousand units, due to unfilled… Continue reading @Groupe PSA: PR Third Quarter 2021 Shipments and Revenues002702