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Luminar Collaborates With Caterpillar on Industrial Autonomous Solution
The Cat® off-highway truck will feature two Iris LiDARs. ORLANDO, Fla., March 27, 2025–(BUSINESS WIRE)–Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced a collaboration with Caterpillar Inc. to integrate LiDAR technology into Caterpillar’s next generation autonomous solution. LiDAR, which stands for Light Detection and Ranging, is critical for navigation and obstacle detection in…
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PLI Schemes Leads To Rs 25,000 Crore Investment Commitments In Auto Sector
The Production Linked Incentive (PLI) Scheme for Automobile & Auto Components led companies to commit around Rs 25,000 crore as of December 2024. The capital investment is committed towards setting up new production facilities and upgrading technology. The Union Cabinet approved the PLI Scheme for Automobile & Auto Components on September 15, 2021 with budgetary…
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GKN Automotive opens STEM Innovation Labs to find India’s future engineers
Chennai: GKN Automotive, the global leader in drive systems, today opened two new Science, Technology, Engineering and Mathematics (STEM) Innovation Labs in India as part of the company’s global Future Talent Programme. A key focus of GKN Automotive’s Future Talent Programme and its work with its community is to inspire the next generation of engineers…
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Hamaton Automotive Technology Co., Ltd (SZSE:300643) Surges 32% Yet Its Low P/E Is No Reason For Excitement
Despite an already strong run, Hamaton Automotive Technology Co., Ltd (SZSE:300643) shares have been powering on, with a gain of 32% in the last thirty days. The last 30 days bring the annual gain to a very sharp 70%. Although its price has surged higher, Hamaton Automotive Technology’s price-to-earnings (or “P/E”) ratio of 33.9x might…
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Career education evolves to meet emerging technology demands
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: School systems nationwide are evolving their vocational programs to address the changes and impacts of emerging technologies like artificial intelligence on popular career education fields. Changes in automotive technology, for example, mean that schools need…
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Automotive Smart Keys Market to Surge at a 6.8% CAGR, Reaching US$ 21 Bn by 2031 | Persistence Market Research Report
Automotive Smart Keys Market The Automotive Smart Keys Market is experiencing robust growth, expected to reach US$ 21 billion by 2031, expanding at a 6.8% CAGR. This growth is driven by the increasing demand for advanced vehicle security systems, rising consumer preferences for convenience, and advancements in automotive technology. Automotive smart keys are becoming an…
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Automotive Engineering Service Outsourcing Market to Surge at a 10.7% CAGR, Reaching US$ 221 Bn by 2031 | Persistence Market Research Report
Automotive Engineering Service Outsourcing Market The Automotive Engineering Service Outsourcing (ESO) Market is set to experience rapid growth, with a projected compound annual growth rate (CAGR) of 10.7%, reaching an estimated value of US$ 221 billion by 2031. This growth is driven by the increasing complexity of automotive design, the need for cost-effective solutions, and…
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Automotive TIC Market
Quick Navigation Report Overview The Global Automotive TIC Market size is expected to be worth around USD 110.8 Billion by 2034, from USD 40.14 Billion in 2024, growing at a CAGR of 10.7% during the forecast period from 2025 to 2034. The Automotive TIC market is an integral part of the automotive industry, focusing on ensuring…
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REE Automotive Announces Increase in Previously Announced Registered Direct Offering to $36.4 Million with Pricing of Additional $9.4 Million at Premium to Market, Led by Strategic Investor Motherson Group
Motherson Group and M&G Investment led the round and held their ownership stake in the company Pricing is in addition to the previously announced $27 million offering New capital further strengthens REE’s cash position ahead of planned vehicle deliveries for nearly $1 billion in reservations TEL AVIV, Israel, March 26, 2025 (GLOBE NEWSWIRE) — REE…
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Cox Automotive Forecast: First Quarter New-Vehicle Sales Expected to Increase Year over Year as Market Momentum Shows Signs of Fading
ATLANTA, March 26, 2025 – March new-vehicle sales are expected to illustrate a market not significantly impacted by tariff threats and economic uncertainty but clearly slowing after a red-hot end of 2024. The March SAAR, or seasonally adjusted selling rate, is expected to reach 15.9 million in March, a small increase from last year’s 15.7…
