Tag: Industry

Opinion: Elon Musk’s Criticisms of the EV Incentive Bill Are Valid

<img data-attachment-id="1571136" data-permalink="https://www.thetruthaboutcars.com/2017/05/nafta-in-90-days/us-capitol/" data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/05/us-capitol–e1495132939737.jpg" data-orig-size="2000,1333" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="us-capitol" data-image-description=" Architect of the Capitol/AOC.gov Public Domain ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/05/us-capitol–450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/05/us-capitol–610×407.jpg” class=”aligncenter size-large wp-image-1571136″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/05/us-capitol–610×407.jpg” alt=”us-capitol, public domain” width=”610″ height=”407″> Tesla CEO Elon Musk isn’t fond of the new electric-vehicle incentives being proposed by the United States Congress and recently stated as much over social media this week. […]

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Mitsubishi Denies Report That It Will Stop Developing Platforms For Japan

Mitsubishi has denied a report that said it will stop the development of car platforms for the Japanese market and sell only badge-engineered versions of Nissan models. Earlier this week, Nikkei Asia claimed that Mitsubishi was making the move to lower development costs and reduce losses while it increases investments into electric vehicles. Mitsubishi denied […]

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China Has 300 EV Makers And The Government Wants Them To Consolidate

China wants to encourage consolidation among its hundreds of electric vehicle manufacturers. China has promoted green vehicles feverously in recent years and is now home to roughly 300 EV makers. That is “too many,” according to Industry and Information Technology minister Xiao Yaqing. “The firms are mostly small and scattered,” the minister said while speaking […]

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Chinese Car Chip Distributors Fined By Regulators After Hiking Prices As Much As 4000%

Chinese regulators have fined three distributors of automotive semiconductors for unfair pricing. It’s seen as a move that will help the Chinese car industry which, like the rest of the world, is feeling the pinch of the global chip crisis. The three companies, Shanghai Cheter, Shanghai Chengsheng Industrial, and Shenzhen Yuchang Technologies, were fined 2.5 million […]

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Ambi Robotics, which develops robot grasping systems, raises $28M

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now! Ambi Robotics, an Emeryville, California-based startup developing supply chain automation hardware, today announced that it closed a $26 million series A round led by Tiger Global Management with participation from Bow Capital, Vertex Ventures US, and The House Fund. The […]

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Mitsubishi To Stop Developing Car Platforms For Japan By 2026 And Offer Badge-Engineered Nissans Instead

Mitsubishi will reportedly stop the development of car platforms for the Japanese market and resort to offering local buyers badge-engineered versions of Nissan products starting from around 2026. According to a report by Nikkei Asia, the move is said to help Mitsubishi keep a cap on development costs and stem losses as they channel investment […]

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German Automakers Aren’t Interested in Returning to Normal

<img data-attachment-id="1725276" data-permalink="https://www.thetruthaboutcars.com/2020/06/bmw-looks-to-shed-about-6000-positions-ends-av-partnership-with-mercedes/shutterstock_592669268/" data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268.jpg" data-orig-size="1000,668" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="BMW logo, bmw gille" data-image-description=" Sklo Studio/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-450×301.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-610×407.jpg” class=”aligncenter size-large wp-image-1725276″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-450×301.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-768×513.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/06/shutterstock_592669268.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> With supply chain hiccups crippling the automotive industry’s ability to conduct business as normal, resulting […]

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Toyota And Honda Oppose Proposed U.S. Bill That Would Favor Union-Made EVs

Following a new proposal in the U.S. House of Representatives aimed at increasing the scope of tax incentives for EV buyers, Toyota and Honda have publicly criticized a measure that would add another $4,500 in incentives for union-made vehicles. Although both Toyota and Honda operate manufacturing plants in the U.S., neither they nor any other […]

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Vaccine Mandates Being Considered By Auto Industry, UAW

<img data-attachment-id="1773672" data-permalink="https://www.thetruthaboutcars.com/2021/09/vaccine-mandates-being-considered-by-auto-industry-uaw/covid-19vaccinationrecordcardsissuedbycdcunitedstatescenters/" data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490.jpg" data-orig-size="1000,667" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"Shutterstock","camera":"","caption":"","created_timestamp":"0","copyright":"Copyright (c) 2021 Michael Vi\/Shutterstock. No use without permission.","focal_length":"0","iso":"0","shutter_speed":"0","title":"Covid-19,Vaccination,Record,Cards,Issued,By,Cdc,(united,States,Centers","orientation":"1"}" data-image-title="Covid-19,Vaccination,Record,Cards,Issued,By,Cdc,(united,States,Centers" data-image-description=" Michael Vi/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-610×407.jpg” class=”aligncenter size-large wp-image-1773672″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-610×407.jpg” alt width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490-120×80.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2021/09/shutterstock_1957539490.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> With the Biden administration having announced that it would start requiring […]

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Porsche CEO Doesn’t Think Italian Supercar Makers Should Be Exempt From EU ICE Bans

Porsche’s chief executive doesn’t like the idea of select Italian supercar manufacturers being granted special exemptions from European Union regulations. Earlier this week, the Minister for Ecological Transition in Prime Minister Mario Draghi’s administration, Roberto Cingolani, said a deal with the EU could allow small low-volume Italian carmakers to continue building gas-powered models beyond 2035, […]

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Silk-FAW Continues To Poach Italy’s Automotive Talent, As Lamborghini’s Katia Bassi Joins As Managing Director

Silk-FAW has announced the appointment of Katia Bassi as its Managing Director. Bassi spent the last four years as the Chief Marketing & Communication Officer and Board Member at Lamborghini. It marks yet another recruit from an Italian luxury brand for the Sino-American partnership. If you’ve been following the developments of Silk-FAW, you’ll know by now […]

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JPMorgan Buys Majority Stake In VW’s In-Car Payment Business

American investment bank JPMorgan has agreed to buy a nearly 75 percent stake in Volkswagen Payments S.A. for an undisclosed sum, pending regulatory approvals. The German automaker‘s finance division will retain a 25.1 percent stake in the business, reports Reuters. The business, which was first set up in 2017, offers car purchase and leasing services, […]

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Toyota To Spend $14 Billion On Battery Development By 2030

Toyota announced today that it aims to pour $14 billion into the development of battery technologies before the decade is out. The move will see it invest more heavily in lithium-ion power packs and solid-state batteries. Toyota executives said in an online press briefing today that the company expects to cut the cost of battery […]

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Lincoln Laboratory honored for transfer of security-enhancing technologies

The Federal Laboratory Consortium for Technology Transfer (FLC) awarded their 2021 Excellence in Technology Transfer Award for the Northeast region to two Lincoln Laboratory technologies developed to improve security. The first technology, Forensic Video Exploitation and Analysis (FOVEA), is a suite of analytic tools that makes it significantly easier for investigators to review surveillance video […]

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Stellantis Hires Ex-Honeywell Manager Christine Feuell To Lead Chrysler’s Return To Former Glory

Stellantis announced today that Christine Feuell will take over as the Chrysler brand’s CEO as of September 13. Feuell was previously the Chief Commercial Officer at Honeywell Safety and Productivity Solutions, and also has experience in the automotive sector. She previously earned progressive responsibilities over Sales, Marketing, Product Management, and P&L at Ford, Johnson Controls, […]

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Xiaomi Officially Forms Electric Vehicle Business Unit

Chinese technology giant Xiaomi is very serious about entering the automotive market and has officially announced the formation of Xiaomi EV Company Limited. According to GizmoChina, an announcement from Xiaomi reveals that founder, chairman, and chief executive of the company, Lei Jun, is the legal representative and that the EV brand has a registered capital […]

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Hyundai: Zero Emmision Vehicles To Account For 80% Of Global Sales By 2040, Carbon Neutral By 2045

At the 2021 IAA Mobility Show, Hyundai announced its goal to become carbon neutral by 2045. The Korean automaker will terminate sales of ICE-powered vehicles in Europe starting from 2035, while zero-emission vehicles (BEVs and FCEVs) will account for 80 percent of its global fleet sales by 2040. The future of Hyundai will be focused […]

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Car Sales Slump 17% In U.S. As Chip Crisis Bites, High Prices May Be A Factor Too

Sales of new cars in the U.S. are tanking due to a combination of a shortage of microchips and supply problems stemming from COVID-19 restrictions. But at least one analyst believes dealerships are also to blame. While Ford and GM’s problems, including factory shutdowns and having to sell cars without some expected electrical features such […]

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