Advancement in automotive technology off to a good start

Technologies associated with automobiles, information technology, and environmental and climatic technology are all likely to feature prominently among the top technologies of the future. Pharmaceutical manufacturing technologies are also relevant. Hybrid electric vehicles, batteries, electric tr...

Global Automotive 4D Imaging Radar Market Insights, Growth, Size, Comparative Analysis, Trends and Forecast

The key factors driving the global automotive 4D imaging radar market include the rising preference for minimally invasive surgeries, the aging population, and initiati...

Thailand is becoming a regional leader in electric vehicles (EVs), which range from luxury sedans to tuk-tuks

According to an article published by Thailand's Board of Investment, a fully electric Mercedes-EQS will roll off a production line in Bangkok by the end of 2022, marking another milestone in the country's remarkable journey from traditional automaking hub to regional frontrunner in electr...

Global Automotive Communication Technology Market by Offering, Application, Vehicle Type, Distribution Channel, and Region

According to Absolute Markets Insights report, passenger cars segment accounted for the higher market share in 2021in the automotive communication technologymarket. This is attributed to the huge demand for special utility vehicles (SUVs) in past few years due to the growing leisure and tour acti...

Automotive LiDAR Market to Grow at 29.2% during 2021 – 2029

Automotive LiDAR Market Growth & Trends

Many modern automobiles utilize cameras, radar and sensors to enable a variety of advanced driver assistance systems (ADAS). Blind-spot warning to rear cross-traffic alert, collision warning, avoidance systems and adaptive cru...

Global Cloud Computing in Automotive Market to Grow at Promising 16.2% CAGR

Global cloud computing in automotive market was estimated to be US$ 5.05 billion in 2020 and is anticipated to reach US$ 19.28 billion by 2029, growing at an estimated CAGR of 16.2% over the forecast period. The major driver of cloud computing services is the cost efficiency factor achieved throu...

Production in the automotive sector hit by the outbreak of contagious Covid-19

Highlights

• Spike in Covid-19 infections hit the automotive market in Japan
• Government forced to impose new lockdown restrictions

A spike in the Delta variant cases forced the Asian countries to impose fresh and new lockdown curbs. Th...

Automotive Electric Power Steering Systems Market is expected to witness the highest growth rate

Global automotive electric power steering systems was estimated at US$ 19.01 billion in 2020 and is expected to reach US$ 31 billion by 2029, growing at a CAGR of 7% over the forecast period. The need for fast-paced and high performance cars, along with enhanced safety features is driving the aut...

PANASONIC CORP. EXPECTS NET PROFIT TO INCREASE BY $1.9 BILLION

Highlights –

• Panasonic Corp. expects net profit to increase by $1.9 billion.
• In fiscal 2021, the company sales are forecasted to increase 4.5 percent to 7 trillion yen.
• The automotive segment is expected to turn an operating profit of...

AUTO COMPONENT MANUFACTURERS WANT HARYANA GOVERNMENT TO REVOKE LOCAL HIRING LAW

HIGHLIGHTS

• ACMA wants Haryana Government to revoke the law which makes it compulsory for companies to hire 75% of workforce among local people.
• The law also fixes minimum salary for local talent.

The Automotive Component Manufacturer...

THAI-CHINESE COMPANY PLANS TO BLOSSOM IN THAI EV INDUSTRY TILL NEXT YEAR BY INCREASING CHARGING SOURCES

HIGHLIGHTS

• To improve the presence in the Thai EV market, Thai-Chinese joint endeavor SAIC Motor-CP plans to expand the charging sources for electric vehicles to 500 in 2021, the firm confirmed

After launching a plugin hybrid electric vehicle, ...

U.S. AUTO SALES LIKELY TO RISE 3% YEAR-ON-YEAR IN OCTOBER

Highlights

• The consultancies said retail sales of new vehicles are estimated to reach nearly 1.2 million units in October, which is a 3 percent increase from a year ago when adjusted for selling days

• Thomas King, president of the data and analytics division at J....

KARMA WELCOMES NEW RETAILER IN BELGIUM

HIGHLIGHTS

• Karma Automotive is going to welcome a new retailer in Belgium.
• Now Karma can expand its presence in European market.
• Karma has added Belgium to its Global Expansion Footprint.
• Now, Karma Revero is available at several...

KARMA EXPANDS RETAIL NETWORK IN 3 COUNTRIES

HIGHLIGHTS

• Karma is expanding its retail network in Austria, Germany, and Switzerland.
• Karma’s growing European retail presence is supporting the company’s global expansion plans.

Karma Automotive, the California-based cr...

TESLA CAPTURES MAJOR PART OF CHINA EV MARKET

Highlights: 

• The Chinese automotive market will be critical for Tesla during the second quarter of 2020.
• Tesla has delivered 3,625 made-in-China Model 3 cars in April and May and its sales have surged to a record high of 11,095 units.
• ...

AUTOMOTIVE MARKET IN CHINA RECOVERING FROM PANDEMIC BLOW

Highlights:

• The global automotive market has been through a tough phase at the time of the coronavirus pandemic outbreak. 
• Some of the global automakers had to shrink production, cut wages and jobs, and some were even forced to withdraw from the ...

SHUTDOWN OF CAR PLANTS WILL COST AUTO INDUSTRY OVER $100 BILLION

Highlights

• Auto industry giants like BMW, Toyota, Jaguar and others have already suspended the production of cars

• North American companies like General Motors, Ford have also stopped making cars

• Britain’s car makers would be affected worst ...

SIAM, THE AUTOMOBILE MANUFACTURERS' BODY PUSHES FOR COMMON INDUSTRY FORUM

Highlights:

• The Society of Indian Automobile Manufacturers (SIAM) proposed to set up a South Asian automotive forum in a bid to further trade and establish a strong automotive industry in Southern Asia.

• The forum will include the participation of...

WORLD MAY HAVE HIT PEAK CAR OUTPUT: BOSCH

Highlights:

• Global Automotive production will by 2.6 percent to 89 million vehicles in 2020 as predicted.
• Bosch's full-year earning has fallen to 3 billion euros in 2019 due to low demands in China and India.
• In 2019, Bosch reduced its ...

Hyundai’s S. Korean engine recorded the highest sales in 2019.

Hyundai Motor, South Korea's largest automotive manufacturer, announced on Wednesday last year's biggest revenues on an improved product mix and a favorable currency impact.

Hyundai earned 9.3% over the year, reaching 105.79 trillion won in 2019 (USD 90.8 billion) and for the fi...