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...Britishvolt’s plan to build a “gigafactory” for electric vehicle batteries on the site of a former power station had been symbolic of the UK’s efforts to compete in high-tech automotive manufacturing, before...
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...“The automotive market . . . is going through one of the most significant transformations since the invention of the combustion engine,” said Dipti Vachani, who leads Arm’s automotive business....
...SenseTime has the biggest market share of in-automotive image recognition systems in China....
...In a statement on Friday, the two companies said the scope of the collaboration includes automotive software platforms and core components related to EVs....
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
...Nissan, which has an alliance with France’s Renault and a partnership with Honda that was announced last week, has wrestled with flagging sales in China as the automotive industry struggles to build profitable...
...He added: “The transformation of Aston Martin is one of the most exciting projects within the ultra-luxury automotive industry.”...
...The Japanese electronics group has announced plans to sell part of its automotive systems business to US private equity group Apollo Global Management....
...The owner of the Fiat, Peugeot and Jeep brands on Wednesday said its capital expenditure commitment for the five years to 2030 was a record for the South American automotive industry....
...Look at the company’s spending decisions and it seems as if everything is targeted towards addressing the 13 per cent drop in automotive revenues....
...Florida-based Jabil, which designs and makes electronic components used by the automotive, defence and data centre industries, warned of “revenue headwinds this year”, though the company’s chief executive...
...Wolf is set to leave the company this year, ahead of the completion of a €3.8bn takeover by fellow automotive supplier Schaeffler....
...The battle for America’s automotive future is now under way in places like a cotton farm in the small South Carolina town of Florence, where, every day, yellow and red excavators are digging up enough dirt...
...Pendragon, one of the UK’s largest automotive retailers, is to sell all of its car dealerships for £280mn and focus on software, ending a tumultuous period in which the company’s attempts to sell itself...
...The new rule is causing a headache for them as there is no effective way to revive sales here,” said Lee Hang-koo at the Jeonbuk Institute of Automotive Convergence Technology, a South Korean research group...
...Industry investment: On Monday, the chancellor announced £360mn of combined government and industry investment to boost the life sciences, automotive and aerospace sectors....
...Japanese stocks continued to retreat from recent highs in spite of strong export data for the automotive and semiconductor sectors....
...For example, AI-powered software can help automotive engineers make multiple three-dimensional vehicle designs in minutes instead of days, says Stephen Hooper, vice-president of software development, design...
...Analysts estimate the country’s automotive industry is already suffering from output that far outstrips demand....
...Several key sectors continued to suffer from falling demand, including declines of 14.7 per cent in automotive orders, 5.3 per cent in machinery and equipment orders and 3.7 per cent in chemical orders....
...The programme will be financed by an €8.7bn automotive fund set up by the previous government led by Mario Draghi, which earmarks up to €1bn per year up until 2030 to finance the greening of Italy’s automotive...
...Arm chief executive Rene Haas credited strong royalty growth with a growing market share in the cloud and automotive sectors, as well as licensing growth driven by a wave of investment in artificial intelligence...
...The transition to EVs has required large investments by Germany’s network of automotive suppliers....
...That marks a stark reversal from two years ago when the industry was reporting bumper earnings off the back of surging prices for palladium and rhodium, as automotive demand ran hot....
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