In addition to the world’s largest markets, cars seem to be disappearing to some extent as SUVs become increasingly popular. But because Chinese buyers are particularly interested in four-door sedans, Mercedes-Benz continues to invest in their development. This report is new this week Look at what the German group will do in 2020, not only in terms of cars, but also in terms of MPVs / minivans / people moving.
Tata will be in the group Enter two new production segments Electric car (EV) batteries and semiconductors in the near future, the company said at a media event in Mumbai. The Indian conglomerate has said it intends to produce electric motors to support plans to produce cars under the Tata, Jaguar and Land Rover brands. The company has previously said it hoped to establish deals with local and overseas companies to launch local production of EV cells and battery modules. Chandrasekaran, chairman of the Tata Sons, said the deal to produce electric car batteries “will be announced soon”. Plans to help alleviate the global semiconductor shortage by setting up a local plant with a foreign partner, in line with government policy, to make India a leading semiconductor manufacturer and reduce its dependence on imports.
Magna Steyr has signed contracts for BMW for many cars over the years, but the group was in the news this week for a new component deal: Magna Started production of soft hybrid transmission For the BMW Group. The new seven-speed, soft-hybrid dual-clutch transmission will be installed on compact cars. The contract also includes the production of soft hybrid transmissions for additional models, starting with the 2 Active Tourer. With its ‘hybridization specific torque splitting concept’, it was claimed that the 7HDT400 48V transmission ensures optimum efficiency of the internal combustion engine and electric motor. It provides a maximum torque of 400 Nm and also offers scalable functional benefits. Transmissions are built in Neuenstein, Germany and Kecnets, Slovakia.
ATS Euromaster, the British subsidiary of European tire service provider EuroMaster, recently announced the integration of Netcall’s Liberty RPA software, a leading provider of intelligent automation and customer engagement solutions. Robotic Process Automation (RPA) software Imitates the actions of a person’s operating systems On a screen such as opening a system, accessing some data, copying it, inserting it into another system, generating an account, emailing that account to someone called a process stream. The robot can be instructed to repeat exactly this event. It is an automation and is especially effective for repetitive and tedious (for humans) tasks. To find out more, we spoke with David Robson, IT Director, ATS Euromaster, and Richard Billington, CTO at Netcall.
It’s just today: research and innovation at Fintech in the automotive manufacturing and delivery sector Decreased last year. The latest data show that the number of patent-related patent applications in the industry stood at 101 in the three months ended March 101 – from 138 in the same period in 2021. Increases from 20 to 20 months completed in March 2021 over the same period in 2022. Indicators are compiled by GlobalData, which tracks patent filing and grants from official offices around the world. Using text analysis as well as official patent classification, these patents are grouped into key thematic areas and linked to key companies in a variety of industries. Fintech is one of the major domains controlled by GlobalData. It has emerged as a major destructive force facing companies in the coming years and is one of the areas where companies that are now investing resources are expected to receive rewards. The figures also depict the sector’s biggest innovators.
The Indian vehicle market is expected to rise this year and has very good long-term growth prospects, says GlobalData unit LMC Automotive. Against the background of the current year doom and gloom, India is a major driver of growth in the Asia-Pacific region. The market consistently exceeded our expectations in the first three months of the year, with total sales of passenger cars (LVs) totaling about 1.1 million units. Due to last year’s high base, this is only a 1% increase year-on-year (year-on-year), but the sum was 20% higher than in the fourth quarter of 2021, thanks to a chip deficit easing. Demand remains strong, reflected in long delivery times of up to 10 months. Not only has the COVID-19 pandemic subsided, but the release of new models will also attract consumer interest this year. With the exception of the escalation of the Russia-Ukraine war and the delay in global supply, sales are expected to gain more momentum in the second half of 2022. Overall, we expect India LV sales to grow 13.5% year-on-year to 4.0 million units this year. By comparison, sales in China will drop by 0.5% to 25.4 million units this year. The closure of COVID-19 has been prolonged in many cities and continues to hamper economic activity. In addition to aggravating tight supply, locking also undermines consumer confidence and spending power.
Go through Travel Sharing Parcel: Stellantis Mobility and Car Sharing Free2move has signed a deal to buy Share Now, A joint venture for car sharing, formed by Mercedes-Benz Mobility Group and BMW Group in 2019. According to Stellantis, the proposed agreement will further strengthen Free2move and add 14 large European cities and 10,000 cars to Free2move’s 2,500-vehicle car fleet. BMW and Mercedes have said that the sale of Share Now will enable them to develop mobility enterprises in a targeted manner. The two companies plan to focus on two central business areas with high growth potential: digital multimodal mobility (FREE NOW) and digital services related to electric vehicle charging (CHARGE NOW).
Another automaker is trying to block the supply of EV battery materials: Porsche is Acquisition of shares in the American company Group14 Technologies, A manufacturer of silicon-carbon technology for lithium-ion batteries. As a leading investor, the automaker raises $ 100 million and heads a C-Series financing round in which several companies invest $ 400 million (€ 328 million). Group14 Technologies, based in Woodwinville, Washington, intends to use the capital increase to accelerate global production of anodic materials. It will start building another plant in the US by the end of 2022. It will also supply Cellforce Group in Tuebingen, in which the automaker has a majority stake. From 2024, the joint venture in Germany intends to produce self-developed, high-quality battery cells with silicon anodes.
Given the ongoing impact of supply chain constraints and broader macroeconomic factors, SMMT has Revise the UK market outlook for 2022Registration of 1.72 million new vehicles is expected during the year, which is less than the prospect of 1.89 million in January. While this is still a 4.5% increase over 2021, it underscores the effect that semiconductor shortages still have on supply, as well as the expected impact from rising living costs.
Multiple quarterly results this week: VW brand operating profit down to special points Increased by 4.6 percent to 513 million euros In the first quarter; Aptiv Revenue for the first quarter of 2022 rose 4% to $ 4.2 billion After 9% growth in Asia (which includes 14% in China), 7% in North America and 24% in South America, it is partially offset by a 5% decline in Europe. Net income of $ 73 million and earnings of $ 0.27 per share, compared to $ 279 million and $ 1.03 a year earlier. Operating income was $ 324 million versus $ 474 million; Teneko Booking first-quarter revenue was $ 4.6 billion2% less per year. The low volume of production is compensated by the recovery of material costs. EBIT was $ 77 million, up from $ 204 million in the first quarter of 2021. Adjusted EBITDA was $ 253 million, up from $ 388 million a year ago. This was due to the low volume of production and recovery time, which was caused by higher inflationary costs of materials, cargo and energy. The company recorded a net loss of $ 38 million; A sitting specialist Adient booked a Net loss in the second quarter of 2022 was $ 81 million And a loss of $ 0.85 per share. Adjusted EBITDA was $ 159 million, down $ 144 million annually; BMW has released 2.37 billion euros for EBIT vehicles in the quarterAgainst 2.24 billion euros in the same quarter last year. Motor revenue rose 17.4% in the first quarter to € 31.1 billion. However, shipments of BMW Group (all brand) vehicles in the first quarter were down 6.2% year-on-year to 596,907 vehicles; Porsche First Quarter 2022 Sales revenue increased from € 7.73 billion to € 8.04 billion (Up 4.1% year-on-year), while operating profit rose from € 1.26 billion to € 1.47 billion (+ 17.4%). Return on sales improved from 16.2% to 18.2%. Is still; Check out our full news Section.
I wish you a happy holiday.
Graham Roberts, Deputy Editor, Just Auto
Upcoming Mercs, Tata Branch, New Magna BMW Deal – Sunday
Source link Upcoming Mercs, Tata Branch, New Magna BMW Deal – Sunday