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UK-based IQE, the semiconductor wafer foundry, are getting into a joint venture with Cardiff University to develop and commercialise compound semiconductor technologies.
French supplier Valeo raised their profit outlook last week, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies.
BMW have become the first automaker to introduce the EnLighten vehicle-to-infrastructure (V2I) smartphone application into their US-market vehicles. Developed by Eugene,
ZF TRW have announced the initial contracts for their next-generation camera system, the S-Cam4 family, with a major European manufacturer.
North American automakers built 1,545,000 light vehicles in June, 4.8% above the same period in 2014, and a 15-year high for the month.
VW surpassed Toyota to become the world’s biggest automaker by deliveries in the first half, putting the company on track to capture the worldwide sales crown three years ahead of its target.
GM are planning to spend USD $5bn over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China,
Ford last week presented their largest-ever North American quarterly profit and best automotive profit since 2000, as net income rose 44% in the second quarter.
A Reuters report says heavily indebted automaker Fiat Chrysler Automobiles have had interest in Magneti Marelli from investor groups—including an offer of about €2.5bn which FCA rejected last month because the automaker wanted at least €3bn.
An FCA representative, however, says Magneti Marelli isn’t for sale. At least two U.S. private equity funds are seeking to enter joint bids with industry participants for Magneti Marelli, who supply a wide range of parts to all major carmakers in Europe, the Americas and Asia.
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