Automotive sector

SEA La Trobe Valley promises scourges like the auto industry did – by Shane West

Electric powertrain and truck producer SEA Electric has decided not to go ahead with a planned plant in Victoria’s La Trobe Valley. Here, Shane West laments the decision taken after the company won an order to build 1,500 electric trucks in the United States. SEA Electric started life as a fully Australian technology and manufacturing […]

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

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 […]