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Automotive Technology Supplier Aptiv’s Mixed Bag: Q4 Sales Miss Mark But Profits Rise
Aptiv PLC APTV reported fourth-quarter fiscal 2023 net sales growth of 6% year-over-year, $4.92 billion, missing the consensus of $5.07 billion. Adjusted for currency exchange, commodity movements and acquisitions, revenue increased by 2% in the fourth quarter. The company’s adjusted operating income increased 14.7% Y/Y to $600 million, and the margin expanded by 93 bps YoY to…
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Lear to Participate in the Wolfe Research Global Auto and Auto Tech Conference
SOUTHFIELD, Mich. , Jan. 31, 2024 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on February 15, 2024 , at the Wolfe Research Global Auto and Auto Tech Conference in New York . Representing Lear will be: Ray Scott , President and CEO…
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New vehicles may feature weather forecasting prediction tech
Vehicles may be equipped with advanced sensor technology and machine learning algorithms that can predict weather disasters in real-time by the time 2030 rolls around. That is according to the International Drivers Association, which said in a news release that new vehicles are expected to be equipped with this technology within the next six years,…
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Volkswagen sets up its own AI lab as car industry looks to embrace the tech
Volkswagen said its new AI lab will serve as a “globally networked competence center and incubator” to produce proofs of concept in the field of AI surrounding automotive innovations. Volkswagen’s AI lab launch echoed the ambition from established technology companies that have set up or invested in their own artificial intelligence research units. Several car…
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Solar-powered truck achieves remarkable feat — and it could revolutionize the auto industry
A solar-powered truck has achieved a remarkable feat in Chile, climbing to an altitude higher than any other EV. The machine, which is based on the Aebi VT450 transporter, does not run on polluting dirty fuel and is instead powered by two 120-kilowatt electric motors connected to a 300-volt nominal EcoVolta lithium-ion battery with 90-kilowatt-hour…
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Valeo expands Group Technical Centre in Chennai
<img class="unveil" loading="eager" src="https://static.beescdn.com/news.myworldfix.com/2023/11/etauto-default.jpg" data-src="https://etimg.etb2bimg.com/photo/107295088.cms" captionrendered="1" alt=" It will consolidate Valeo’s Software and Systems workforce in Chennai while enabling a vibrant workplace that attracts top talent and fosters collaboration, creativity, and excellence, the company said. “>It will consolidate Valeo’s Software and Systems workforce in Chennai while enabling a vibrant workplace that attracts top talent and…
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Automotive Smart Display Market revenue and statistics by 2032 made possible by top research firm
Global automotive smart display market revenue is expected to increase by USD 23.6 Billion by 2032, with a 6.1% CAGR from 2023 to 2032. Asia-Pacific region led with more than 51% of automotive smart display market share in 2022 Introduction: What exactly are Automotive Smart Displays? They are advanced digital interfaces integrated into vehicles that…
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India’s Automotive Camera Market analysis 2024-2030 investigated in the latest research
The report analyzes factors affecting the market from both demand and supply side and further evaluates the Indian market for automotive camera dynamics affecting the market during the forecast period i.e., drivers, restraints, future trends, and opportunities. In the bustling landscape of India’s automotive industry, a revolution is underway, and it’s all about vision. The India…
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Sona Comstar to showcase innovations in driveline, sensors at Bharat Mobility Global Expo 2024
<img class="unveil" loading="eager" src="https://static.beescdn.com/news.myworldfix.com/2023/11/etauto-default.jpg" data-src="https://etimg.etb2bimg.com/photo/107287373.cms" captionrendered="1" alt=" The company will showcase its latest product innovations in sensors, motors, and driveline solutions developed to provide safer, smarter driving and better performance, the company said. “>The company will showcase its latest product innovations in sensors, motors, and driveline solutions developed to provide safer, smarter driving and better…