automotive


Grounded Suez Canal ship puts automotive industry at risk

Grounded Suez Canal ship puts automotive industry at risk

(ATF) The backlog of vessels and their cargoes immobilised by the grounding of the massive container ship Ever Given in the Suez Canal continues to grow, posing a deeper threat to global supply chains.According to data from consultancy Refinitiv, there are 206 ships waiting on either side of the canal …

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China’s auto industry gearing up to ‘go global’ 

China’s auto industry gearing up to ‘go global’ 

(ATF) Chinese leaders have backed plans for their auto industry to target foreign markets more – but there are trade and logistical hurdles to overcome first.In recent years, China's key auto companies have accelerated their global reach with product, capital and technology link-ups, and they have employed various strategies to …

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Stellantis chief executive vows to make China priority market 

Stellantis chief executive vows to make China priority market 

(ATF) Stellantis, the automotive powerhouse formed from France's PSA and the US-Italian Fiat Chrysler, has made the China market a top priority, its chief executive said on March 3.Carlos Tavares said the company will roll out a strategy for China, where some Stellantis brands have struggled more than rivals.He said …

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Transactions spark as corporate China embraces electric vehicle ventures

Transactions spark as corporate China embraces EV ventures

(ATF) Mobile phone maker Xiaomi’s announcement that it is moving into electric vehicle (EV) manufacturing would have turned heads in normal times. But it was just one of a more than a dozen investment deals signed recently that underscore corporate China's deeper commitment to zero-emission vehicles.Xiaomi's decision has been on …

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Yin and yang in the Year of the Ox: autos and semiconductors

Yin and yang in the Year of the Ox: autos and semiconductors

(ATF) For decades, automotive production and semiconductors operated in mostly separate domains: steel, motors, glass and noise in one; silicon, switches and silent electrons whizzing about in another. The preponderance of the world’s fleet – more than 1 billion passenger vehicles alone today – could make do with but a …

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Who is really winning in the great electric vehicle disconnect war?

Who is really winning in the great electric vehicle disconnect war?

(ATF) Climate change looms large across a number of industries. Nowhere is this felt more than in transport, where emissions continue to rise as a proportion of the overall total. Cars are comfortably the biggest contributor in this segment.Tackling this has forced the auto industry into a fierce battle between …

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Brilliance China Auto stocks soar after report of takeover plan

Brilliance China Auto stocks soar after report of takeover plan

(ATF) Shares in Brilliance China Automotive Holdings Ltd – BMW's main Chinese partner – jumped by up to 25% on Wednesday after news emerged that FAW Group is looking at taking over the company.The potential acquisition by state-owned FAW, China's No. 2 automaker, comes at a time when Brilliance's top …

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BMW looks to China JV, electric cars to deliver higher margins

BMW looks to China JV, electric cars to deliver higher margins

(ATF) German carmaker BMW is planning big investments in electric cars, as well as simplifying its vehicle portfolio, and raising its share in its joint venture in China from 50% to 75% in 2022.BMW's chief financial officer Nicolas Peter told Reuters that the moves should help push the iconic luxury …

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Subaru is latest carmaker squeezed by semiconductor shortage

Subaru is latest carmaker squeezed by semiconductor shortage

(ATF) Japan's Subaru said on January 14 it would cut output by "several thousand" vehicles this month in both the US and its home market as it becomes the latest carmaker to be squeezed by a shortage of semiconductors.Subaru said it would reduce output at factories in Gunma, northwest of …

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Foxconn and Geely team up to make intelligent EVs for other companies

Foxconn and Geely team up to make intelligent EVs for other companies

(ATF) Apple supplier Foxconn and Chinese carmaker Geely said they would form a joint venture (JV) to sell contract manufacturing and customised consulting services to the global automotive industry.The deal, which was announced on Wednesday, marks Foxconn’s continued expansion into the auto sector and reflects Geely’s desire to partner with …

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