Towards the end of April, Toyota announced that it would be investing $383 million to create new four-cylinder powertrains. Split across four U.S-based factories, this money will fuel the development of future gas and hybrid powertrains that Toyota believes will be able to hold their own against the incoming tidal wave of new EVs.
Since 2020, the automotive industry has suffered from a lack of semiconductors for the chips required by vehicle electrical systems. Faced with such a shortage of components , the companies Nissan , Suzuki and Mitsubishi announced that they will stop the production of cars or will reduce it drastically during June.
Chinese electric vehicle startup Xpeng Inc. raised $1.5 billion through an initial public offering in the U.S. as investor interest in EVs and clean energy outstripped concerns over escalating tensions between the U.S. and China.
The automaker, which is headquartered in Guangzhou, China and has offices in Silicon Valley and San Diego, said in a filing that it sold 99.7 million shares for $15 each, raising about $1.5 billion. The automaker had originally planned to sell 85 million shares with a price guidance of between $11 and $13.
A host of geographical and technological developments will disrupt the automotive aftermarket over the next 5 to 10 years—automotive suppliers need a clear strategic focus to win this game.
The automotive aftermarket is set to grow at 3 percent a year through 2030—but competition will become even more intense in the future. Will parts distributors take over from automotive suppliers—or will automakers change the rule of the game? Or will we see a balanced, digital aftermarket world, maybe even driven by the suppliers?
El presidente electo de Estados Unidos, Donald Trump, amenazó hoy a Toyota con la imposición de aranceles aduaneros si el fabricante de automóviles japonés construye una nueva planta de montaje de vehículos en México.
PSA Group — the carmaker behind brands Peugeot, Citroën and DS — has acquired a majority stake in European auto-repair marketplace Autobutler.
Founded in 2010 by Christian Legêne and Peter Zigler, the startup lets car owners get car repair quotes online from garages in Denmark, Sweden, U.K. and Germany, thus bringing greater transparency to the auto-repair industry.
