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Continental plans thousands of job cuts in auto division
BERLIN, Nov 13 (Reuters) – German car parts manufacturer Continental (CONG.DE) said on Monday it will cut thousands of jobs in its automotive division worldwide as part of a plan to save 400 million euros ($428 million) a year from 2025. The exact number of job cuts was not immediately clear, but it will amount…
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The entrepreneurs and investors leading the automotive tech revolution
Welcome back to the latest episode of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where we put recent automotive and mobility news into the context of the broader themes impacting the industry. Another year and another NAVIcon is in the bag. The National Auto Venture & Investors Conference is…
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Cheshire vintage fire truck takes top prize
Back in the days before the arrival of professional fire-fighting, the story goes, “bucket brigades” were formed in case of emergency. One person scooping water from a well or river into a bucket. Another neighbor passing that on, from person to person, to the source of the blaze until it was out. In time, pressurized…
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Germany’s Continental announces job cuts in automotive division
BERLIN, Nov 13 (Reuters) – German car parts manufacturer Continental (CONG.DE) on Monday said it will cut jobs in its automotive division as part of a plan to save 400 million euros ($427.96 million) per year from 2025. The number of staff reductions was not immediately clear, but it will amount to the “mid-four-digit range,”…
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Vehicle Financing Opportunities this Diwali: Making informed decisions
As the festive season unfolds across India, there’s a unique spirit of joy enveloping the country. Beyond its religious significance, the Festival of Lights also holds cherished beliefs in making fresh starts, and for many, this includes the acquisition of new assets, particularly vehicles. According to sources citing industry estimates, in the months starting from…
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Automotive: Continental Determines Measures to Strengthen Competitiveness
Frankfurt am Main, Germany, November 13, 2023. Continental has determined further measures to strengthen the competitiveness of its Automotive sector. To this end, the sector is simplifying and streamlining business and administrative structures. With the planned measures in the administrative structures, Continental is aiming to ease the sector’s costs by 400 million euros annually. The…
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Valeo to supply electric powertrain for Mahindra & Mahindra’s Electric vehicle program
Valeo Group | 13 Nov, 2023 | 5 min Valeo, a world leader in mobility technology and in electrification of mobility has been chosen by Mahindra & Mahindra (M&M), India’s leading SUV manufacturer to provide the electric powertrain for a certain range of their “Born Electric” passenger vehicle platform and on board charger combo for…
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FORVIA inaugurates full automotive electronics industry chain project in Fengcheng, Jiangxi province
Shanghai (Gasgoo)- On November 9th, FORVIA, the world’s 7th-largest automotive technology supplier, marked the official inauguration of the FORVIA Full Automotive Electronics Industry Chain Project, namely, the Faurecia Clarion Electronics Fengcheng Super Factory, in Fengcheng city, Jiangxi province in China. In recent years, the automotive electronics sector has emerged as a crucial component of the…
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Craftsman Automation is Gearing up to Lead India’s Futuristic Auto Industry
From the dominance of geared scooters to the rise of automatic scooters, the industry has been evolving. Now, with the emergence of electric vehicles (EVs), there’s a notable shift toward sustainable and eco-friendly transportation. This dynamic landscape presents both, challenges and opportunities for auto ancillary companies. While some companies may face massive risks due to…
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Rideshare set to accelerate EV uptake
In the ever-evolving landscape of automotive technology, the integration of internet connectivity has brought about a revolutionary transformation in the way we interact with our vehicles. With features ranging from navigation and infotainment to safety and diagnostics, it’s as if we have a smartphone on wheels. But the question arises, beyond practicality, how are electric…