Automotive industry
The international auto industry is bracing for a severe semiconductor supply crunch as a diplomatic standoff between the Netherlands and China worsens. The crisis has been triggered by the Dutch government's seizure of control of Nexperia, a crucial chipmaker, citing concerns over technology transfer to its Chinese parent
Automotive industry
The international auto industry is bracing for a severe semiconductor supply crunch as a diplomatic standoff between the Netherlands and China worsens. The crisis has been triggered by the Dutch government's seizure of control of Nexperia, a crucial chipmaker, citing concerns over technology transfer to its Chinese parent
Automotive parts
Truck makers and transport companies are bracing for a 25 percent tariff on medium- and heavy-duty trucks and truck parts, set to take effect on November 1. Despite the looming deadline, the Trump administration has released few details, creating confusion among industry players and prompting intense lobbying to shape the
Automotive industry
PACCAR Inc. is a leading American automotive company specializing in the design and production of heavy, medium, and light-duty trucks under the DAF, Peterbilt, and Kenworth brand names. The company has recently expanded its tech ecosystem through various digital transformation strategies, innovation programs, and technology initiatives. ResearchAndMarkets.com's
Automotive industry
Investors cheered the recent announcement of GST 2.0, which has simplified the tax structure for the auto sector, slashing taxes from 28% to 18% for cars and 40% for SUVs and luxury cars. The new rates, effective from September 22, have led to a significant price cut for several
Automotive industry
PACCAR Inc., an American automotive company specializing in the design and production of heavy, medium, and light-duty trucks, has embarked on a digital transformation journey to enhance its operations and stay competitive in the market. The company's tech activities, including innovation programs, technology initiatives, and acquisitions, have been
Electric vehicles
Sypris Technologies, a subsidiary of Sypris Solutions, has entered into a long-term agreement with a leading global truck OEM to supply certain drivetrain components for its new electrified heavy-duty vehicle. The parties anticipate initial deliveries to begin in 2026. This collaboration is a significant milestone for Sypris Technologies, as it
Electric vehicles
Ideal Power, a leading developer of bidirectional semiconductor power switches, has received a significant order from a global Tier 1 automotive supplier for its B-TRAN technology. The order includes packaged B-TRAN devices, solid-state circuit breaker reference design boards, and drivers for the evaluation of an innovative solid-state electric vehicle contactor
Electric vehicles
Ideal Power, developer of the patented B-TRAN bidirectional semiconductor power switch, has announced a collaboration with a fourth global Tier 1 automotive supplier to utilize B-TRAN-enabled contactors as potential replacements for electromechanical contactors in electric vehicle (EV) and hybrid EV applications. This engagement marks another step in the company'
Automotive parts
China Automotive Systems, Inc. (CAAS) has declared a special cash dividend of $0.80 per common share, payable to shareholders of record as of July 30, 2024. This dividend is a result of the Company's recent financial performance, current financial condition, and expected cash requirements for business expansion
Automotive parts
China Automotive Systems, a leading power steering components and systems supplier in China, celebrated its 20th anniversary on the NASDAQ on August 24, 2024, by declaring a special cash dividend of US$0.80 per common share. The dividend is payable on or about August 22, 2024, to shareholders of
Automotive parts industry
General Motors Corporation has announced plans to invest $50 million in Delphi Automotive Systems' unit to establish a manufacturing facility in China for steering systems and chassis components. The operations are expected to begin in 1999, producing 500,000 steering systems annually for original equipment manufacturer (OEM) customers. This
