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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    Hexcel begins construction of new R&D center in Utah, US
    American composites company Hexcel announced via press release on 12th October that it had begun construction on its new Center of Research & Technology Excellence in West Valley City, Utah. According to the press release, the center’s 100,000-square-foot building once completed in late 202...
    Pöppelmann to invest USD19.2 million in North Carolina facility
    The North Carolina Department of Commerce announced via press release on 15 October that German plastics fabricator Pöppelmann Plastics had agreed to invest more than USD19.2 million to expand its Claremont manufacturing campus to accommodate an automotive production line. According to the ...
    22-Oct-2021 News Investments
    Geotab partners with GM for telematics services in Canada
    Geotab has announced the availability of Geotab Integrated Solution for General Motors in Canada, it said in a press release on 20 October. The solution allows Canadian customers manage entire fleet in one platform without additional hardware installation. Data from compatible model year (MY) 201...
    Micron to expand chip production with USD150 billion in capital spending over coming decade
    According to a Bloomberg press release dated 20 October, Micron Technology Inc., the only remaining major US maker of memory semiconductors, said it will spend USD150 billion over the next decade and wants government assistance to ensure the investment is made in the United States. The budge...
    21-Oct-2021 News Investments
    Amazon-owned Zoox to test self-driving cars in Seattle, US
    Amazon’s Zoox is expanding its operations to Seattle, TechCrunch reported on 18 October. The company is set to open an engineering office and operations facility and test its autonomous vehicles in 2022. Zoox will be testing its Level 3 fleet, comprising of Toyota Highlander SUVs equipped with an ...
    Honda to spend USD2 million on initiatives promoting young driver safety
    According to a press release published on PR Newswire on 18 October, Honda is expanding its "Safety For Everyone" approach with several new initiatives aimed at young driver safety. The multi-pronged effort includes more than USD2 million in safety-related financial assistance, driver safety educ...
    20-Oct-2021 News Investments
    Plasman acquires Minghua to expand North American operations
    Canadian automotive trim supplier Plasman announced via press release on 13th October that it had acquired American Tier 1 manufacturing and sequencing company Minghua. According to the release, the move, primarily aimed at acquiring Minghua’s South Carolina production facility, will allow Plas...
    AAA research finds that AEB and LKA features are affected by moderate to heavy rain
    North American motor club federation American Automobile Association (AAA) announced on 14 October the results of its research study that indicated that the performance of automatic emergency braking and lane keeping assistance features can be impeded by moderate to heavy rain. According to ...
    DAG Tech to invest USD10 million in Michigan to manufacture decorative wheel trims
    The Office of the Governor of the State of Michigan, United States, announced via a press release on 12th October that auto supplier DAG Technology will be investing USD10 million to establish a new manufacturing facility in the Grand Blanc Township. According to the press release, DAG plans to b...
    15-Oct-2021 News Investments
    Ford recalls 2011–13 Explorers over rear knuckle assembly manufacturing issue
    According to NHTSA Safety Recall Report 21V-746 submitted on 24 September, automaker Ford Motor Company is recalling certain model year 2011–12 Explorers to address a ZF rear knuckle manufacturing issue. According to the report, vehicles included in this action were originally bu...
    14-Oct-2021 News Recalls
    Sayona to acquire Moblan Lithium Project in Northern Quebec for USD86.5 million
    Australian mining company Sayona announced via press release on 30 September that it would be acquiring the Moblan Lithium Project in the Eeyou‐Istchee James Bay region of Northern Québec. According to the release, under an agreement with Lithium Royalty Corp. (LRC), Sayona will acquire L...
    Hyundai recalls over half a million vehicles over faulty turn signals
    Hyundai and Kia are recalling over 550,000 cars and minivans in the US due to faulty turn signals, the Associated Press reported on 30 September. The turn signals could end up flashing in the opposite direction to what the driver intends. The recall affects model year (MY) 2015–17 Sonata mids...
    11-Oct-2021 News Recalls
    ParkMobile partners with Leavenworth city for contactless parking payments
    ParkMobile has announced a partnership with the city of Leavenworth, US, under which it will offer a real-time view of space availability and 325 on-street and 350 off-street zone parking spaces for payment in the city, according to a company press release on 8 October. “We love introducing Par...
    Nissan Mexico to halt production due to chip shortage
    According to a Reuters press release dated 6 October, Japanese automaker Nissan will implement temporary work stoppages at two Mexican plants for several days in October due to production adjustments required to manage a semiconductor chip shortage, its Mexico unit said. "We continue to make adju...
    General Motors launches Ultra Cruise, a new advanced driver-assistance technology
    General Motors has unveiled an all-new advanced driver-assistance technology called Ultra Cruise, it said in a press release on 6 October. It is designed to eventually allow for hands-free driving in 95% of all driving scenarios in the US and Canada. Ultra Cruise will cover more than 2 million ...
    07-Oct-2021 News New Products
    Waymo, Cruise win California permits to offer autonomous rides in California
    According to a Reuters press release dated 30 September, General Motors Co's Cruise and Alphabet Inc's Waymo self-driving car subsidiaries were the first to receive autonomous vehicle permits to offer rides to passengers in California. The California Department of Motor Vehicles has granted Cruis...
    Nissan Technical Center North America expands with USD40 million Safety Advancement Lab
    Nissan has expanded its Michigan-based engineering centre, Nissan Technical Center North America (NTCNA), with a more than USD40 million Safety Advancement Lab for vehicle safety testing, according to a press release on Business Wire dated 29 September. The new lab improves vehicle development ...
    01-Oct-2021 News Investments
    Velodyne Lidar’s intelligent infrastructure solution selected for major deployment in University of California, Irvine Smart Cities Initiative
    According to a press release published on PR Newswire on 28 September, Velodyne Lidar announced that its Intelligent Infrastructure Solution had been chosen by the HORIBA Institute for Mobility and Connectivity2 (HIMaC2) at the University of California, Irvine (UCI) Samueli School of Engineering. As...
    Startup May mobility launches semi-autonomous shuttle-service in Michigan
    May Mobility announced the launch of its A2GO autonomous shuttle service in Ann Arbor, Michigan, where the company is headquartered, in a press release dated 21 September. The free service will go live on 11 October, and users will be able to hail a ride using an app. The program will use fo...
    Automakers and suppliers to reinvent supply chain amid chip shortage
    Despite chip plants effectively running on full capacity, the global chip-shortage crisis may not be resolved next year, warned executives from German automotive companies during the IAA Mobility 2021 show in Munich. Top executives from several companies have publicly stated that they do not know...
    VW America recalls MY 2021 Audi E-TRON models over Continental brake booster issue
    According to NHTSA Safety Recall Report 21V-707 submitted on 13 September, automaker Volkswagen Group of America is recalling certain model year (MY) 2020–21 Audi E-TRON Quattros to address a Continental electric brake booster manufacturing issue. According to the report, the manufacturing...
    28-Sep-2021 News Recalls
    Hyundai recalls select MY 2017 Tucson and Sonata models over risk of engine fire
    Hyundai Motor is recalling over 130,000 vehicles in the United States and Canada for an issue with the engine that could increase the risk of a fire, Automotive News Canada reported on 24 September. The recall covers certain model year (MY) 2017 Tucson and MY2017 Sonata Hybrid sedans with 2L Nu GDI ...
    27-Sep-2021 News Recalls
    Ford recalls select MY2021 Mustang Mach-E models in Canada over issues with glass roof and windshield
    Ford has issued a recall of nearly 5,000 Mustang Mach-E electric vehicles (EVs) in Canada owing to a risk of the glass roof and windshield potentially coming loose and falling off, Electrek reported on 21 September. The American automaker mentioned that it has issued a recall of 1,812 MY2021...
    24-Sep-2021 News Recalls
    Autonomous vehicle startup Motional expand their footprint in Las Vegas ahead of robo-taxi launch
    According to an official press release dated 22 September, Motional, an autonomous vehicle company, is expanding its operations and employee headcount in Las Vegas, including tripling the size of its testing facility, in preparation for its planned 2023 commercial deployment of robo-taxis. The large...
    VW and Porsche recall 2020–21 models due to brake booster issue
    According to NHTSA Safety Recall Reports 21V-695 and 21V-697 submitted on 8 September, automakers Volkswagen Group of America and Porsche Cars North America Inc are recalling certain model year 2020–21 vehicle models to address a Bosch electric brake booster manufacturing issue that increases...
    24-Sep-2021 News Recalls
    Solvay installs new thermoplastic composite line in Greenville plant
    Belgian chemical company Solvay S.A. announced via press release on 16 September that it had completed the installation of a new thermoplastic composites (TPC) manufacturing line at its Greenville, South Carolina facility. According to the press release, the new TPC line at full production c...
    Stellantis tests multi-access edge computing and safety cloud technologies in North America
    Stellantis has said that it is testing Multi-access Edge Computing (MEC) and Safety Cloud technologies in North America, according to a press release by the automaker on 17 September. It will give drivers advanced notification warnings of potential hazards in their path. The technologies will off...
    Sibanye-Stillwater and ioneer establish 50:50 JV for ioneer’s Nevada Lithium project
    South African mining company Sibanye-Stillwater announced via press release on 16 September that it was establishing a 50:50 joint venture (JV) with Australian lithium-boron supplier ioneer Limited with respect to the Rhyolite Ridge Lithium-Boron project in Nevada, US. According to the press...
    Ford, Walmart and Argo AI team up to launch autonomous vehicle delivery service
    Argo AI, Ford Motor Company, and Walmart are collaborating to launch an autonomous vehicle delivery service in Miami, Austin, Texas, and Washington, D.C. — Walmart's first multi-city autonomous delivery collaboration in the United States, according to an official press release dated September 15th...
    Bosch reports AEB could reduce one-third of U.S. vehicle crashes
    German engineering and technology company Bosch announced via press release on the 14th September the results of its accident research that indicate that one-third of U.S. vehicle crashes with injuries and fatalities can be mitigated or avoided altogether with the implementation of automatic emergen...
    Unifrax to showcase silicon fiber battery anode technology at Novi Battery show
    According to a 9th September Businesswire news article, American specialty materials manufacturing company Unifrax will be presenting its SiFAB Silicon fiber Anode Battery Technology at the Novi Battery Show and the Electric & Hybrid Vehicle Technology Expo this year. The Show and Expo are ...
    Toyoda Gosei invests USD40 million to boost manufacturing capacity in the US
    Japan-based supplier, Toyoda Gosei Co., Ltd., has announced that it is expanding the production capacity at TG Missouri Corporation, one of its US production subsidiaries, to further develop its production network in the key North American market. The total investment for this purpose will be approx...
    14-Sep-2021 News Investments
    Li-Cycle to establish new Li-ion battery recycling facility in Alabama, US
    Canadian lithium-ion (Li-ion) battery resource recovery and recycler, Li-Cycle Holdings, has announced that it will be setting up its fourth commercial Li-ion battery recycling facility. According to a press release issued by Li-Cycle on 8 September, the new plant will be located in Tuscaloosa, Alab...
    13-Sep-2021 News Investments
    Veoneer files definitive proxy statement with SEC regarding merger with Magna
    Swedish automotive parts manufacturer announced via press release on 9 September that it had filed a definitive proxy statement with the Securities and Exchange Commission ahead of its October stockholder meeting in which Veoneer stockholders are expected to consider the announced merger agreement w...
    13-Sep-2021 News Mergers
    Axalta to showcase coatings for EV batteries and motors at Novi Battery Show
    US manufacturer of liquid and powder coatings Axalta announced on 7 September via a press release that it will be unveiling a portfolio of powder coatings at The Battery Show North America being held in Novi, Michigan, from 14 to 16 September. According to the release, the Axalta booth ...
    08-Sep-2021 News New Products
    General Motors partners with TELUS for 5G connectivity for vehicles in Canada
    General Motors has partnered with TELUS to offer 5G services in GM’s next-generation vehicles in Canada, it said in a press release on 1 September. The first GM vehicles with built-in connectivity to TELUS’ 4G-LTE and 5G network are expected to be introduced with model year (MY) 2025 models. ...
    Startup Wallbox to establish first US-based EV charging systems manufacturing facility in Arlington, Texas
    Wallbox, a provider of electric vehicle (EV) charging solutions, has announced the selection of Arlington, Texas as the location of its first US manufacturing facility. According to a press release issued by Wallbox on 1 September, the company stated that the 130,000-square-foot plant will have...
    06-Sep-2021 News Investments
    American Battery Metals Corp. appoints current CTO Ryan Melsert as its new CEO
    American Battery Metals Corporation (ABTC), an American lithium-ion (Li-ion) battery recycling technology and advanced battery metal extraction company, announced on 30 August the appointment of current company CTO Ryan Melsert as its new CEO. According to the company’s press release, Melsert b...
    EV maker Lordstown Motors appoints Daniel Ninivaggi as CEO
    Electric light-duty truck supplier Lordstown Motors Corporation has announced that its board of directors has appointed Daniel A. Ninivaggi as CEO and as a member of the board. According to a press release issued on 26 August, Ninivaggi took charge on the same day. Prior to this ap...
    Piedmont Lithium, Sayona Mining complete acquisition of North American Lithium
    Piedmont Lithium Inc. has announced that Sayona Québec has completed its acquisition of North American Lithium Inc. (NAL). According to a press release issued by Piedmont Lithium on 30 August, the company stated that the transaction was pursuant to a share purchase agreement previously announced on...
    Faraday Future, Qmerit partner on home EV charging services
    Faraday Future Intelligent Electric Inc., a California-based global shared intelligent mobility ecosystem company, announced plans to partner with Qmerit to support future FF 91 drivers in need of home charging and other future energy-related installations in the United States. According to a pre...
    01-Sep-2021 News New Products
    Electrify America supports Apple CarPlay and Android Auto products
    Electrify America has announced the support of Apple CarPlay and Android Auto, which will allow its customers access Electrify America’s mobile app through the vehicle’s infotainment system, it said in a press release on 26 August. “Electrify America is constantly striving to meet customers...
    ACQUISITION: EV charging startup Volta Charging goes public via SPAC merger
    Commerce-centric EV charging startup, Volta, has announced that it has completed its previously announced business combination with Tortoise Acquisition Corp. II, a special purpose acquisition company (SPAC), and that it has been renamed to Volta Inc. According to a press release issued by Volta ...
    EV startup Nuro to invest USD40 million in Nevada, US to manufacture AVs
    EV manufacturing startup, Nuro, has announced a USD40 million investment to develop two new facilities, an end-of-line manufacturing facility and a closed-course test track, in southern Nevada, US. According to a press release issued by Nuro on 26 August, the company will commercialize and scale pro...
    31-Aug-2021 News Investments
    Waymo opens robo-taxi service in San Francisco, US for ride-hailing
    According to press releasee on Reuters dated 25 August, Waymo, the self-driving vehicle company under Alphabet, has launched a robo-taxi service that will be open to certain vetted riders in San Francisco. The company officially kicked off its Waymo One Trusted Tester program in the city with a f...
    US approves licenses for Huawei to buy auto chips
    According to press release on Reuters dated 26 August, US officials have approved license applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said. Huawei, ...
    Ford equips Bronco SUV with high-performance off-road stability suspension (HOSS) systems
    American carmaker Ford has equipped its new Bronco models with its High-Performance Off-Road Stability Suspension (HOSS) system. According to a press release issued by Ford on 20 August, this system features independent front suspension, taller coil springs on every corner for added articulation and...
    30-Aug-2021 News New Products
    MY 2022 Kia Sorento PHEV launched in the US
    South Korean car maker, Kia Motors, has launched the newest version of its Sorento plug-in hybrid vehicle (PHEV) in the United States. According to a press release issued by Kia on 18 August, the vehicle will go on sale in the third quarter of 2021 and prices will be revealed closer to the on-sale d...
    27-Aug-2021 News New Products
    MY 2022 Mazda MX-30 electric crossover launched in the US
    Japanese carmaker Mazda has announced that its newest electric vehicle (EV), the MX-30 electric crossover, will go on sale in the US this fall. According to a press release issued by Mazda on 24 August, the company stated that this battery-electric vehicle (BEV) will initially arrive at dealerships ...
    25-Aug-2021 News New Products
    Siemens to bolster EV charging infrastructure manufacturing in the US
    Germany-based electrical components and systems supplier, Siemens, has announced that it will invest and expand the company’s US manufacturing operations to support electric vehicle (EV) infrastructure in the United States. According to a press release issued by Siemens on 24 August, the...
    25-Aug-2021 News Investments
    Ford unveils 2022 Lincoln Navigator with hands-free driving, OTA software updates
    Lincoln has revealed a refreshed 2022 Navigator with a hands-free advanced driver assistance system (ADAS) option, according to an official press release issued on 18 August. The system enables hands-free driving on more than 130,000 miles of dedicated North American highways. It regulates the ve...
    24-Aug-2021 News New Products
    Chrysler to recall over 212,000 vehicles due to airbag inflator malfunction
    American carmaker Chrysler has announced that it will conduct a recall of certain models over an issue with their side curtain airbag inflators. According to a notification published by the National Highway Traffic Safety Administration (NHTSA) on 12 August, the reason for this recall is that a sepa...
    23-Aug-2021 News Recalls
    General Motors ties up with AT&T for in-car 5G cellular connectivity
    General Motors has tied up with AT&T to bring 5G cellular connectivity to GM vehicles over the next decade in the United States, it said in a press release on 19 August. AT&T and Microsoft will combine to work on speed and reliability of AT&T’s 5G network with Microsoft’s cloud servi...
    20-Aug-2021 News New Products
    US government opens investigation into Tesla Autopilot crashes with emergency vehicles
    According to a press release published on The Verge on 16 August, the US National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Tesla's Autopilot software in order to evaluate the technologies and methods used to monitor, assist, and enforce the driver's engagement...
    Ecopia AI partners with Government of Ontario to create HD map of Toronto, Canada, for autonomous vehicles
    According to a press release published on Business Wire on 12 August, Ecopia AI announced that it is developing a high-definition (HD) map for the City of Toronto that will be used to accelerate the deployment of autonomous vehicles. This initiative aims to lay the groundwork for a digital twin...
    Hyundai's Motional to start testing its autonomous vehicles in Los Angeles, US
    According to a press release published on Techcrunch on 10 August, Motional, a joint venture (JV) between Aptiv and Hyundai, is expanding its operations in California. In August, the company intends to begin public road mapping and testing of its robo-taxi in Los Angeles. Motional is currently ...
    Continental to focus on automated driving
    According to a press release issued by Continental Mobility on 11 August, driver assistance systems and automated driving are gaining popularity worldwide. People in China and Japan, in particular, are already open to the benefits of automated driving, whereas people in Germany, France, and the Unit...
    Toyota debuts mobile collision assistance service in US
    According to a press release dated 11 August, Toyota and Lexus drivers now have access to a new assistance service in the aftermath of a collision. Collision Assistance, a just-in-time assistance service, is now available to Toyota and Lexus drivers via the Toyota and Lexus mobile apps. The feature ...
    12-Aug-2021 News New Products
    GM Ventures invests in emergency response company RapidDeploy
    GM Ventures has participated in the USD40 million in Series B funding round for public safety technology company RapidDeploy, it said in a press release on 10 August. The investment will help RapidDeploy improve situational awareness with a cloud-native, data-driven solution and enable next-generati...
    11-Aug-2021 News Investments
    AD startup May Mobility partners with the City of Grand Rapids for on-demand autonomous vehicle service
    According to a press release published on PR Newswire on 10 August, May Mobility, a leader in autonomous vehicle technology and shuttle operations, announced the launch of an on-demand autonomous vehicle shuttle service in Grand Rapids, Michigan, in collaboration with the City of Grand Rapids, Via, ...
    American Axle & Manufacturing (AAM) Q2 2021 net sales rises 146% y/y to USD1.28 billion
    American Axle & Manufacturing (AAM) has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by AAM on 30 July, the company posted net sales of USD1.28 billion, which implies an increase of over 146% year over year (y/y) from th...
    Applied Information to use C-V2X technology for road safety in Cary, US
    Applied Information has announced that the town of Cary in North Carolina, United States has selected the company to upgrade its traffic control system using cellular vehicle-to-everything (C-V2X) technologies, according to its press release on 15 July. The company will look to improve safety, maxim...
    Illinois Tool Works' (ITW) second quarter 2021 revenue climbs 43.4% y/y to USD3.7 billion
    US-based automotive components supplier, Illinois Tool Works (ITW), has published its financial results for the second quarter of fiscal year (FY) 2021. According to a press release issued by ITW on 30 July, the company has generated revenues of USD3.68 billion during the second quarter 2021 pe...
    Subaru to recall over 165,000 vehicles in the US over fuel pump glitch
    Japanese car maker Subaru is recalling certain models over a potential glitch in their gasoline fuel pumps. According to a notification published by the National Highway Traffic Safety Administration (NHTSA) on 29 July, the reason for this recall is that the low-pressure fuel pump inside the fuel ta...
    10-Aug-2021 News Recalls
    Tenneco Q2 2021 revenue rises 73.8% y/y to USD4.58 billion
    US-based automotive components and systems supplier, Tenneco, has announced its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Tenneco on 5 August, the company stated that it generated revenues of USD4.58 billion during the second quarte...
    Lear plans to open seat manufacturing facility in Detroit, US
    According to a press release published on the Detroit News on 6 August, Lear Corporation will operate a seat manufacturing facility on the site of the former Cadillac Stamping Plant on Detroit's east side, creating "hundreds of new jobs," officials said Friday. According to Crain's Detroit Business,...
    Goodyear Q2 2021 net sales climbs 85.6% y/y to USD3.98 billion
    US-based tire manufacturer, Goodyear Tire & Rubber Company, has reported its financial results for the second quarter and first half of fiscal year (FY) 2021. According to a press release issued by Goodyear on 6 August, the company posted sales of USD3.98 billion, which represents an increase of...
    Ford partners with Bedrock and Bosch to launch test site for Detroit Smart Parking Lab
    Ford has partnered with Bedrock, Bosch and Michigan state to launch a real-world test site for emerging parking technology called the Detroit Smart Parking Lab, it said in a 5 August press release. The lab is set to open in September for companies to test parking-related mobility, logistics and elec...
    WMU receives USD2.5 million to study infrastructure for autonomous vehicles
    Engineers at Western Michigan University have received a USD2.5 million grant from the federal government to research ways that upgrading infrastructure could improve autonomous vehicles, according to an official press release dated 30 July. The funds will be directed to the WMU College of Engine...
    05-Aug-2021 News Investments
    Dana's Q2 2021 sales double y/y to USD2.21 billion
    US-based automotive components supplier, Dana Inc., has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Dana on 30 July, the company stated that it posted sales of USD2.21 billion, up 104% year-over-year (y/y) from the USD1....
    Paktron Capacitors signs distribution agreement with New Yorker Electronics
    According to an electronics weekly press release dated 13 July, New Yorker Electronics has announced a new franchise distribution agreement with Paktron Capacitors, a U.S. manufacturer of capacitors for over 60 years. This new agreement allows New Yorker Electronics to incorporate Paktron's full ...
    Optimus Ride to receive USD4.3 million from US DoE to deploy AV fleet at Clemson University
    According to an official press release dated 29 July, Optimus Ride, a leading autonomous shuttle company, announced that it will receive up to USD4.3 million from the United States Department of Energy (DOE) to launch the first autonomous vehicle system at Clemson University, marking one of the larg...
    02-Aug-2021 News Investments
    AV startup Argo AI to offer the public rides in its autonomous vehicles in California
    According to a press release published on TechCrunch on 31 July, Argo AI, the autonomous vehicle technology startup backed by Ford and VW, has received a permit from California. This will allow the company to ride self-driving cars for free on public roads throughout the state. The California Pub...
    Gentherm Q2 2021 revenue climbs 95.5% y/y to USD266 million
    US-based thermal and electronics components supplier, Gentherm, has published its financial results for the second quarter and the first six months of fiscal year 2021. According to a press release issued by Gentherm on 29 July, the company posted revenues of USD266 million during the second quarter...
    General Motors enables OnStar Vehicle Insights telematics access on non-GM vehicles
    General Motors has announced that its OnStar Vehicle Insights is now accessible to most non-GM vehicles via a plug-in adapter, according to its official statement on 26 July. This will allow fleet customers to use GM’s telematics service across their entire fleet, regardless of vehicle make or mod...
    REE Automotive to open US Headquarters and Integration Center in Austin, Texas
    REE Automotive announced that it will open its US headquarters in Austin, Texas, to address the growing market demand for electric vehicles (EVs) from delivery and logistics companies, Mobility-as-a-Service (MaaS) and new technology players. REE intends to tap into a global network of tier-1 partner...
    27-Jul-2021 News Investments
    ACQUISITION: EV startup Lucid Motors lists on Nasdaq after SPAC merger
    American electric carmaker, Lucid Motors, has announced that it has become a publicly listed company trading on the Nasdaq Global Select Market with its Class A common stock listed under the new ticker symbol "LCID". Lucid completed the previously announced merger with Churchill Capital Corp IV, a s...
    Faraday Future goes public, announces new reservation policy
    US-based EV startup, Faraday Future, has announced that that its shares are now listed on the NASDAQ stock market. According to a press release issued by Faraday Future on 22 July, the company stated that it has been renamed to Faraday Future Intelligent Electric Inc. and that its Class A common sto...
    EV startup Rivian confirms second manufacturing plant in the US
    Electric vehicle (EV) manufacturing startup Rivian has announced that it intends to establish a second manufacturing facility in the United States. According to a report filed by business news agency Reuters on 22 July, the Amazon- and Ford-backed company’s new plant will also have the c...
    23-Jul-2021 News Investments
    Beep opens new headquarters in Lake Nona, US
    According to a press release published on PR Newswire on July 21, Beep announced the grand opening of its headquarters in Lake Nona, Florida, US. The 10,000-square-foot facility now houses the Beep Command Center, a cutting-edge, centralized command center used to actively monitor all autonomous pro...
    23-Jul-2021 News Investments
    Intel’s Mobileye begins testing autonomous vehicles in New York City
    Mobileye, an Intel company, has added New York City to its expanding global autonomous vehicle testing program, according to a press release published on The Verge on 20 July. The company's entry into New York City—North America's largest city and one of the world's most difficult driving env...
    ZF secures USD6 billion axle contract for Marysville facility in Michigan, US
    Germany-based automotive components and systems supplier, ZF, has announced that its Marysville, Michigan facility in the United States has secured a contract worth almost USD6 billion for the delivery of beam axles and axle drives for pickup trucks until 2027. According to a press release issued...
    Goodyear develops airless tire and wheel assembly for autonomous shuttles
    US-based tire manufacturer, Goodyear, has developed a non-pneumatic airless tire (NPT) and wheel assembly to support autonomous vehicle transportation in a city setting for in-field use with the Jacksonville Transportation Authority (JTA). According to a press release issued by Goodyear on 13 Jul...
    21-Jul-2021 News New Products
    Brembo to establish center of excellence in California’s Silicon Valley
    Italy-based manufacturer of brake components and systems, Brembo, has announced the opening of its first center of excellence in the Silicon Valley region of California, US. According to a press release issued by Brembo on 19 July, the company stated that the Brembo Inspiration Lab will be an innova...
    21-Jul-2021 News Investments
    Audi begins Traffic Light Information services in Los Angeles, New York, and San Francisco
    Audi has announced that its Traffic Light Information (TLI) service will be available in Los Angeles, New York, and San Francisco in the United States, according to a company press release on 15 July. TLI communicates between vehicles and traffic signals to provide Time to Green, Green Light Optimiz...
    General Motors invests over USD71 million in new advanced design center in California
    American car maker General Motors (GM) has announced an investment of over USD71 million to establish a new campus in Pasadena, California, for GM’s Advanced Design Center operations. According to a press release issued by GM on 13 July, the company stated that this new eight-acre facili...
    16-Jul-2021 News Investments
    Velodyne Lidar joins NVIDIA's smart city partner ecosystem
    Velodyne Lidar has joined the NVIDIA Metropolis program for Velodyne's Intelligent Infrastructure Solution, according to a press release on Business Wire dated 15 July. To monitor traffic networks and public spaces, the Intelligent Infrastructure Solution combines Velodyne's award-winning li...
    Martinrea to invest USD40 million to expand operation in US state Tennessee
    US-based automotive lightweight components and propulsion systems supplier Martinrea has announced that it will be investing USD40 million to expand its operations in Robertson County, Tennessee, United States. According to a press release issued by the Tennessee state government o...
    13-Jul-2021 News Investments
    Halo to launch remotely operated driverless car service in Las Vegas
    According to a press release published on Business Wire on 8 July, driverless car technology company Halo is launching its first commercial driverless car services in Las Vegas, powered by the T-Mobile 5G network. Later this year, the company will begin offering rides to customers, initially op...
    12-Jul-2021 News New Products
    Georgia, US adds Kia as OEM partner for V2X project
    The Georgia Department of Transportation (GDOT) has announced Kia as its OEM partner for the vehicle-to-everything (V2X) project in the state, AP News reported on 29 June. The Ray and Panasonic Corporation of North America are other partners while Kia will be supported by Hyundai America Technical C...
    Dana appoints Byron Foster president of Light Vehicle Drive Systems business
    American automotive components supplier, Dana Inc., has announced that it has appointed Byron Foster as the president of its Light Vehicle Drive Systems business. According to a press release issued by Dana on 28 June, the Ohio-based company stated that Foster will succeed Bob Pyle, who announced th...
    Ford to shut several plants in North America for few weeks due to semiconductors shortage
    According to a CBS News press release dated 30 June, Ford Motor Company announced the closure of several plants in the United States for a few weeks in July and August due to a global semiconductor shortage. The vehicles affected include the Ford F-150, Mustang, Escape, and Lincoln Nautilus, among o...
    GM recalls over 380,000 vehicles over rear suspension issue
    American car maker General Motors, LLC is recalling certain models of the Cadillac SRX and the Saab 9-4X. according to a notification published by the National Highway Traffic Safety Administration (NHTSA) published on 24 June, the reason for the recall is that the rear suspension toe link adjuster ...
    01-Jul-2021 News Recalls
    Honda plans to launch new series of EV models based on a new e:Architecture
    Japanese carmaker Honda has announced that its first new volume battery-electric vehicle (BEV) will be named “Prologue”. According to a press release issued by Honda on 28 June, the company aims to achieve 100% zero emission vehicle sales in North America by 2040. The new Honda Prologue is an...
    01-Jul-2021 News New Products
    US regulators introduce new rules for automated vehicle crash reporting
    According to a press release on Reuters dated 29 June, US safety regulators have issued an order requiring automakers and operators of vehicles equipped with advanced driver assistance or automated driving systems (ADS) to immediately report crashes, allowing the industry to spot issues more quickly...
    Canada to ban sale of new fuel-powered cars and light trucks from 2035
    The Canadian government has announced that it will ban the sale of new light-duty cars and passenger pickup trucks that are powered by fossil fuels from 2035 onward, in order for Canada to achieve net-zero emissions by the year 2050. According to a press release issued by the Government of Canada...
    Electric Last Mile publicly listed on Nasdaq after SPAC merger
    Electric Last Mile Solutions Inc., a commercial EV company focused on last mile connectivity, has announced that shares of its common stock and warrants began trading on the Nasdaq on Monday under the new ticker symbols “ELMS” and “ELMSW”, respectively. According to a press release issued...
    INTERVIEW: Tobias Nass, General Manager, Automotive Product Line, Texas Instruments
    Texas Instruments (TI) is a major manufacturer of analog and embedded semiconductors for various markets including automotive, personal electronics, communications equipment, and enterprise systems. TI offers a portfolio of LED drivers and DLP® automotive products. IHS Markit recently interviewed T...
    29-Jun-2021 News Interviews
    Nikola invests USD50 million in Wabash Valley Resources to produce clean hydrogen
    Nikola Corporation and Wabash Valley Resources LLC announced that Nikola is investing USD50 million in cash and stock in exchange for a 20% equity interest in the clean hydrogen project being developed in West Terre Haute, Indiana, US. The completed facility should have the capability to produce up ...
    28-Jun-2021 News Investments
    General Motors, Shell collaborate to expand EV charging infrastructure in US
    General Motors and Shell, through its wholly owned subsidiary MP2 Energy, are collaborating to provide energy solutions programs to GM’s customers and supply chain partners, including fixed-rate home energy plans sourced from 100% renewable energy resources. According to a press release issued ...
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