Automotive sector

Spare parts company ElringKlinger highlights ‘catastrophic fall’ in automotive industry

Auto parts maker ElringKlinger has become the latest Northeastern company to expose a “catastrophic downfall” in the auto industry during the pandemic. The Redcar company, which manufactures sealing and shielding modules for brands such as Ford, Jaguar Land Rover, BMW and Honda, released accounts for 2020 showing sales down 26.2% to 22.9 million sterling, with […]

Automotive sector

bne IntelliNews – Hungarian automotive sector output plunges due to chip shortage

Hungary’s vehicle manufacturing output, the engine of industrial growth, fell 33.7% year-on-year in August as the global semiconductor shortage hit factories, the Bureau of Statistics (KSH) said in ‘a second reading in October. KSH confirmed that aggregate industrial production increased 2.6% and 0.6% after adjusting for the number of working days. On a monthly basis, […]

Automotive sector

The impact of the pandemic on the automotive sector exposed in the Unipres and Nifco accounts

The impact of the coronavirus and other problems on the global auto industry has been highlighted in the accounts of two companies in the Northeast which show a significant drop in revenues. Nissan supplier Unipres, which employs more than 1,000 people on Wearside, saw revenue drop 44% to £ 116.6million last year, resulting in an […]

Automotive sector

The investment reflects the growing potential of the automotive sector in the state

The Port of Tulsa de Catoosa and the Port of Tulsa d’Inola are multimodal marine complexes and industrial parks that span approximately 5,000 acres. (Courtesy photo / Tulsaports.com) TULSA – The recent announcement that a company providing stamping, coating and other services for the automotive industry has leased a 238,000 square foot facility in the […]

Automotive sector

Attractive transactions in the automotive sector in the three months leading up to August

In the three months leading up to August, 18 deals were recorded involving major automotive manufacturing and supply companies, with a number of acquisitions, private equity and very risky financing deals. publicized. That’s according to GlobalData’s Financial Deals database, which tracks market activity across a variety of industries and transaction types. The deals below only […]

Automotive sector

Is the automotive industry in the early stages of a cloud investment boom?

Credits: Chalkboard / Shutterstock The auto industry is seeing changes in cloud investments across several key metrics, according to an analysis of figures from GlobalData. The cloud is one of the key themes for global industries, with top companies around the world entering into cloud deals, hiring cloud jobs and mentioning it in company reports […]

Automotive sector

The PLI plan of our automotive sector can accelerate its success

Over the years, the Indian automobile industry has become quite competitive and has reached a global scale. India is the world’s largest manufacturer of two-wheelers and the fifth largest manufacturer of cars and commercial vehicles. The sector contributes approximately 35% and 6.4% to our manufacturing and national gross domestic product, respectively, and provides direct and […]

Automotive sector

PLI scheme: PLI scheme of Rs 26,000 crore to orient the automotive sector towards electric, hybrid and fuel cell vehicles

The government on Wednesday approved the Rs 25,938 crore Production Incentive Program (PLI) for the automotive and auto accessories sectors to promote domestic green vehicle manufacturing and enable India to be part of the global supply chain. Gasoline and diesel vehicles were not included in this scheme. Instead, the focus is on promoting the transition […]

Automotive sector

Automotive industry: Indian automakers are seeking tech talent like never before

Major automakers have hired tech talent like never before as they embarked on a massive digitization campaign to boost virtual sales and alleviate issues in the supply chain, procurement and manufacturing functions in the middle. of the pandemic. Hiring of people trained in information and communication technologies (ICT), data science and data engineering in the […]

Automotive sector

Driving the success of e-commerce in the automotive sector

Over the past few months on these pages, United Kingdom box showed how e-commerce has changed, transformed, evolved and revolutionized businesses of all sizes and in all industries. The pandemic has simply accelerated a process that has been accelerating for several years, driven by technological advancements, a more robust digital infrastructure, and rapidly changing consumer […]

Automotive sector

Equipment supplier Nissan Faltec presents a series of challenges in the automotive sector

A major supplier to Nissan described the range of problems facing the auto industry as it reported a sharp drop in revenue and significant losses. Faltec Europe’s 2020 accounts show the company’s turnover fell 36% to £ 19.2million as it recorded an operating loss of £ 8.8million. The accounts cover the period in which the […]

Automotive sector

Automotive industry: Indian automakers have found a way around the global chip crisis

A global semiconductor shortage that is hurting passenger vehicle production is not going to improve anytime soon, even as the market sees an increase in demand for cars and SUVs with the holiday season also around the corner. the street. Automakers have found a way to run their production lines by reducing the use of […]

Automotive sector

This is why the automotive sector is an important engine of growth in the Chichester district.

Goodwood Revival, 2019 (Photo: Derek Martin) Already home to established and world-renowned companies including Rolls-Royce and Goodwood Estate, the area is also home to a number of car dealerships – national and independent – and specialist workshops for repair and customization. Employers are supported by the skills offering from educational institutions in the district, Chichester […]

Automotive sector

Here’s How the Vehicle Scrappage Policy Can Help India’s Economy and Automotive Sector

Prime Minister Narendra Modi today launched India’s long-awaited vehicle scrappage policy. Prime Minister Modi launched the policy at the Gujarat Investor Summit and asked young people and start-ups to join this scheme. Scrapping vehicles will help phase out unclean and polluting vehicles in an environmentally friendly manner, he said. Prime Minister Modi also mentioned that […]

Automotive sector

GM Oshawa assembly manager among three “Canadians to watch” in auto industry

By Glenn Hendry Posted on August 10, 2021 at 3:17 p.m. A plant manager and engineer at General Motors in Oshawa, as well as a planning director at Volkswagen Canada were among 16 people in the automotive industry named by Automotive News Canada as “Canadians to Watch” in 2021. Jacqueline Thomson, 45, is a 21-year […]

Automotive sector

automotive sector: locator search: automakers choose key parts to focus on

As major automakers around the world embark on a ‘China plus one’ risk reduction journey, India’s Motown sees a double location benefit: reducing imports of essential content by up to one-fifth vehicles in five years and ensure a greater future share of global parts. Business. The Society of Indian Automobile Manufacturers (SIAM) and the Automotive […]

Automotive sector

Global Shortage of Microchips – Supporting the Automotive Sector

X Sign up for free to get the latest news straight to your inbox Register By Adam Kelly, Senior Partner, DLA Piper Adam Kelly The global shortage of semiconductor chips continues to wreak havoc on supply chains and manufacturing operations around the world, grounding production at some of the biggest brands and disrupting hundreds of […]

Automotive sector

South African women advance in automotive industry – SABC News

Once the exclusive domain of men, there is an encouraging new influx of women into the automotive industry in Gqeberha – bringing new dynamism and balance to the sector. Despite the fears of many women about breaking into male-dominated industries, these women are defying the odds, proving that women in these industries can excel. The […]

Automotive sector

South African women are making progress in the automotive sector – SABC News

Once the exclusive domain of men, there is an encouraging new influx of women into the automotive industry in Gqeberha – bringing a fresh new dynamism and balance to the sector. Despite many women’s fears of breaking into male-dominated industries, these women are defying the odds, proving that women in these industries can excel. The […]

Automotive sector

Morocco celebrates the achievements of the automotive sector

Morocco achieved two years ahead of schedule in 2018 the targets it set for the automotive industry, particularly in terms of turnover, exports, local procurement and jobs. Thanks to an ambitious industrial acceleration plan which has stimulated public-private partnership and encouraged investments from global suppliers, the Moroccan automotive industry has reached the objectives set for […]

Automotive sector

UK auto sector saw weakest July sales in decades

Just over 120,000 new cars were registered in the UK in July, the weakest performance the domestic sector has seen since 2000, the Society of Motor Manufacturers and Traders (SMMT) said. A combination of supply chain shortages and “pingemia” thwarted attempts to boost sales, with industry estimates for the year being revised down to 1.82 […]

Automotive sector

Is the automotive sector seeing the beginnings of a boom in robotics investments?

The auto industry is seeing an increase in robotics investment across several key parameters, according to an analysis of figures from GlobalData. Robotics is gaining a growing presence in many industries, with top companies around the world closing more robotics deals, hiring more robotics roles and mentioning it more frequently in company reports in early […]

Automotive sector

Global Microchip Shortage – Supporting the Automotive Industry

The global semiconductor chip shortage continues to wreak havoc on supply chains and manufacturing operations across the globe, crippling production for some of the biggest brands and disrupting hundreds of industries. The auto sector has been particularly hard hit, as automakers compete for microchip sourcing against big tech companies. As vehicles become more technologically advanced, […]

Automotive sector

Infosys to open German operation focused on automotive sector

Infosys is teaming up with German automaker Daimler to open an operation focused on innovation and IT infrastructure transformation in the German automotive sector. Daimler’s IT staff will be transferred to Infosys in Stuttgart as part of the deal, another example of an Indian IT service provider strengthening its European presence under contract. The Digital […]

Automotive sector

Infosys opens a new center in Germany for the automotive sector – The New Indian Express

By PTI NEW DELHI: IT services leader Infosys announced on Tuesday that it has established an automotive digital technology and innovation center in Stuttgart, Germany. “As part of Infosys’ partnership with Daimler, Germany-based automotive IT infrastructure experts will transition from Daimler AG to the new Digital Technology and Innovation Center,” a regulatory filing reads. With […]

Automotive sector

Infosys will create a new center in Stuttgart, Germany for the automotive sector

IT services leader Infosys announced on Tuesday that it has established an automotive digital technology and innovation center in Stuttgart, Germany. As part of Infosys’ partnership with Daimler, Germany-based automotive IT infrastructure experts will transition from Daimler AG to the new Digital Technology and Innovation Center, according to a regulatory filing. With the new center, […]

Automotive sector

Global Semiconductor Assembly and Testing Services Industry to 2028

DUBLIN, July 16, 2021 / PRNewswire / – The “Semiconductor Assembly and Testing Services Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Service and Application” the report was added to ResearchAndMarkets.com offer. The Semiconductor Assembly and Testing Services Market has been valued at US $ 50,223.8 million in 2020 and should reach […]

Automotive sector

Auto Sector Update: Recovery underway, choppy but not discouraged | Article

Growing sales, supported by consumer demand With the first half of 2021 already behind us, we provide an update on our outlook for the passenger car sector for the full year. In our automotive sector outlook, published in January, we presented expectations for global passenger car sales growth of 7% to 9% in 2021. At […]

Automotive sector

BMW launches a quantum challenge for the automotive sector

BMW Group, in collaboration with Amazon Web Services (AWS), has launched a quantum computing challenge, encouraging researchers and startups to submit innovative quantum algorithms to address specific industry challenges. In the automotive sector, quantum computing offers automakers the opportunity to tackle complex optimization, materials research and support for autonomous driving. Speaking in June, Oliver Zipse, […]

Automotive sector

How the automotive industry is keeping employees productive while working from home, HR News, ETHRWorld

TVS Motor has taken initiatives to keep its employees informed and engaged. Its digital prowess ensured seamless connectivity and helped run robust training programs to improve productivity. By Snobar “Working from home” has become a new normal due to the Covid-19 outbreak. But it is also very difficult for organizations to maintain the productivity and […]

Automotive sector

From electric vehicles to alternative fuel vehicles, Auto News, ET Auto

Government, justice, public agencies, social and environmental organizations and consumers have sounded the alarm and realized the critical need for alternative fuel vehicles on Indian roads. This change would revolutionize the automotive industry in India. By Anant Jain India’s dynamic and diverse automotive industry has resisted the negative impact of COVID-19 on its manufacturing. This […]

Automotive sector

SPACS boost auto negotiations

Looking at mergers and acquisitions in the automotive sector, one would think that the pandemic never happened. After a rapid and dramatic COVID hit in the first quarter of 2020, the value of deals in the global automotive sector has steadily increased throughout the pandemic period. Q1 2021 value in the sector reached US$40.8 billion […]

Automotive sector

How is the activity of the automotive sector recovering from the impact of Covid-19?

How is the activity of the automotive sector recovering from the impact of Covid-19?Analysis of jobs, transactions, stock prices and financial documents and topical sentiment now shows the automotive industry to be a relative winner when it comes to the Covid-19 recovery. By Nicu Calcea, Georges Corbineau and Patrick Scott The automotive sector is now […]

Automotive sector

Is the automotive sector seeing the beginnings of a boom in AI investments?

The auto industry is seeing an increase in investment in artificial intelligence (AI) across several key metrics, according to analysis from GlobalData’s database. AI is gaining a growing presence in several industries, with top companies closing more AI deals, hiring for more AI roles, and mentioning it more frequently in company reports in early 2021. […]

Automotive sector

Using digital twins in the automotive sector to propel

New York, USA, June 07, 2021 (GLOBE NEWSWIRE) — According to a recent report reviewed by Research Dive, the global digital twin market is expected to register a market share of $52,081.0 million by 2027, growing from a market size of $3,500.0 million in 2019, to a considerable growth rate of 41.3% between 2020 and […]

Automotive sector

FoundPac Prepares to Tap into Automotive Industry

ESTABLISHED in 2004, Penang-based FoundPac Group Bhd has made a name for itself as a precision engineering company specializing in serving the international semiconductor industry. It is now poised to enter the auto industry as it seeks to develop and diversify its customer base, said CEO and Executive Director Ong Choon Heng. “We plan to […]

Automotive sector

Global chip shortage costing auto industry 90 billion euros

The world is grappling with a global shortage of chips, with demand for semiconductors exceeding supply capacity. The shortage is crippling players in a diversity of industries, although automakers seem to be having the worst of it. At the beginning of 2021, the crisis was expected to lead to losses of around 60 billion euros […]

Automotive sector

Road to Circular Car Economy: Challenges, Opportunities for the Indian Automotive Sector

In order to better understand the term “circular car” or “circular car economy” more precisely, Express Drives recently contacted Raghu Gullapalli, Managing Director and Head of APAC Middle East, Industry and Mobility, Accenture. Here are the main takeaways from the interview. That electric mobility is the future and the next big thing and the next […]

Automotive sector

The new road for the automotive sector

The new way for the automotive industry Technological developments and corporate mergers and acquisitions in the automotive sector, which has been hit hard by the pandemic, will be the focal points for the future. While the coronavirus pandemic has changed the balance of the business world, it has had permanent effects in many sectors. While […]

Automotive sector

Indian automotive sector: from resilience to resurgence

From falling sales to the Covid-19 pandemic, India’s automotive industry has faced many challenges in recent years. Yet he also bounced back with the same vigor. At the end of 2020, the easing of travel restrictions, a good harvest and the holiday season boosted high-volume segments. In addition, favorable winds of rebalancing global supply chains, […]

Automotive sector

Orders for non-automotive robots overtake the automotive sector – Metrology and quality news

For the first time, annual robot orders from non-automotive sectors exceeded orders for automotive robots, as sales of robotics units in North America increased 3.5% in 2020 from 2019. This growth was driven by a strong fourth quarter which was the second best quarter. never for robot sales in North America with an increase of […]

Automotive sector

Union budget 2021 | The automotive sector welcomes the vehicle scrapping policy

Major players in the Indian automotive sector have welcomed the Centre’s decision to separately announce a voluntary vehicle scrapping policy to phase out old and unsuitable vehicles. When submitting the Union budget for 2021-2022, Finance Minister Nirmala Sitharaman said that the policy would help encourage fuel-efficient and environmentally friendly vehicles, thereby reducing vehicle pollution and […]

Automotive sector

Nissan to cut 160 jobs as auto challenges continue

Car maker Nissan has confirmed 160 jobs are at risk at its Sunderland plant as part of a global restructuring plan. The auto giant said the positions in the consultation are all office-based – and represent around 17% of its 900 office workers. No employee in the production line is affected. A consultation process was […]

Automotive sector

Nikunj Sanghi, Auto News, ET Auto

By Abhishek Sahu Amid the ongoing Covid-19 pandemic, Narendra Modi’s government is preparing to present the next Union budget in just over a week. India’s goal of becoming self-reliant and having a $ 5,000 billion economy will depend very much on the education and skill level of its citizens. “Currently, there is a mismatch in […]

Automotive sector

2021-22 Budget Wish List: Here Are The Key Challenges For The Automotive Sector

Main challenges Sustained recovery in market demand: The market has shown green shoots of recovery with strong growth at T3FY21. Timely relaunch of the NBFC sector: The sector represents a significant portion of retail financing and is essential for driving sales in the commercial vehicle segment. Currently, this sector is in great difficulty with high […]

Automotive sector

PLI Program to Boost Automotive Manufacturing and Growth – AutoLogue by Ashok Minda

The indispensable production incentive program (PLI) for sectors such as automotive, white goods, pharmaceuticals, textiles, telecommunications and networking, high efficiency photovoltaic solar modules, steel Special, air conditioners and LEDs is a welcome step as it will strengthen the entire manufacturing ecosystem and support the vision of making India a US $ 5,000 billion economy by […]

Automotive sector

Engineering firm announces layoffs after auto industry crisis

A Newcastle engineering firm has become the latest company in the region to report job losses as the coronavirus lockdown hits different sectors of the economy. ADM Pressings, which works primarily in the automotive sector, announced layoffs at its Scotswood Road site. The company declined to say how many jobs will be created at the […]

Automotive sector

Why simulation is booming in the automotive sector

Using simulators is faster and cheaper than running physical tests The auto industry is undergoing rapid changes in the way it provides mobility to the mass population. The need to reduce emissions, provide a more connected experience, and increasing levels of stand-alone functionality mean that engineers must do more of their work in simulators rather […]

Automotive sector

Three major technological changes that will redefine the automotive sector and change our lives

Getty Volvo has unveiled its first all-electric vehicle and with it a major commitment to decarbonisation. The manufacturer announces that it will release a new electric model each year and reduce the production of traditional thermal and hybrid vehicles, so that by 2025, half of its sales will be electric, and the other half will […]

Automotive sector

Europe’s automotive sector facing unprecedented change

Bjoern Klaas, Vice President and General Manager of Protolabs Europe, talks to The engineer on the findings of its recent survey of the European automotive sector. The auto industry is facing a period of unprecedented change. Whether it is the digital revolution sweeping through every corner of the industry, environmental challenges that are becoming more […]

Automotive sector

The automotive sector is becoming the new sweet spot for software houses

The automotive sector is becoming the new focus of Indian IT services companies as global automakers seek outsourcing partners to help them meet changing customer requirements. Most IT services players are seeing a spike in demand from the industry. They hope to secure significant agreements in areas such as engineering services, application development and maintenance, […]

Automotive sector

EFC provides best practices for the automotive industry

EFC provides best practices for the automotive industry August 20, 2019 As a certified quality-level supplier to the automotive market, EFC provides engineered components and solutions at the level of Ford, GM, Chrysler, Mercedes, BMW, Hyundai, Toyota, Honda and other domestic automakers. In fact, over 80% of all cars and trucks in North America have […]

Automotive sector

Career opportunities in the UK automotive sector

While it may appear that the economy is languishing in the wake of the recession, an area at the heart of British manufacturing continues to turn the tide. The British auto industry, once a symbol of the country’s decline, is now experiencing a kind of renaissance. In the last 18 months, almost all of the […]