Having taken over Veoneer, Magna now are announcing a new JV with LG Electronics. With the new company, to be called LG Magna e-Powertrain, both parent companies hope to gain traction in e-mobility. The JV, based in Incheon, Korea, unifies Magna’s strong position in electric powertrain systems and automotive manufacturing with LG’s expertise in component…
Through the first half of this year, the VW Golf is № 1 with a volume of 126,551, extending its lead over Europe’s previous overall leader, the Peugeot 208, to 12,370 from 3,670 units in May. The Golf rose to the top despite increasing sales 5.7 per cent during the period compared with a 34…
Stellantis CEO Carlos Tavares is optimistic about the eventual outcome for his newly-formed auto megamaker, with lofty goals as Stellantis switch to electric vehicles and phase out internal-combustion engines in less than a decade.“The automotive market is very competitive. There is pressure on pricing, inflation from new regulation. These are squeezing the margins, of course,” he…
Last week, Tesla posted their largest-ever quarterly profit, USD $1.14bn, as they delivered a record number of vehicles in the second quarter. Revenue during the quarter nearly doubled to $11.9bn, with automotive gross margins hitting 28 per cent. Tesla delivered 201,304 vehicles in the quarter, up 120% from the same period a year earlier.
Rear lamps have existed since very shortly after the dawn of the automobile. The first ones, like the cars they were attached to, were basic and addressed the need for nighttime conspicuity in a primitive manner. safety functions were progressively improved by adding new functions—reverse light, rear fog light—and more stringent requirements for the basic…
Cepton Technologies will supply ADAS lidar—the largest-scale single order for it to date—to a major American-brand global automaker. Cepton say it’s a landmark milestone both for the lidar industry and for Cepton themselves, who celebrate their five-year anniversary this month.The automaker will put Cepton’s lidar in next-generation ADAS across multiple vehicle classes and models, not…
Sprayable hardcoats facilitate innovative plastic part designs. Momentive’s new sprayable thermal-cure Silfort AS4700SP1 siloxane hardcoat caters for large, complex pieces such as for EV front modules with lighting and ADAS functionalities. The precise application of multiple uniform coating layers can greatly improve overall part performance with exceptional weatherability, scratch and abrasion resistance, and resistance to…
MicroVision, a leader in MEMS based solid state automotive lidar and micro-display technology for augmented reality, yesterday announced the hiring of Dr. Thomas Luce as VP of Business Development, focused on European and Middle East markets, as well as plans to open a new office in Germany to help promote the Company’s automotive lidar technology…
Valeo confirmed their 2021 financial outlook as they posted increased H1 sales and profit. Optimism was also on the docket, as Valeo expect the chips shortage to ease up.H1-21 EBITDA rose to €1.21bn from €202m for H1-20, while sales rose from €7.1bn to about €9bn. Their 2021 financial outlook forecasts sales between €17.6bn and €18.2bn…
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