Stellantis CEO Carlos Tavares earned 19 million euros in 2021, according to Stellantis' annual report, leaving him poised to be the highest paid automotive executive in Europe for the period.
In addition, Tavares could remain at the top of that prestigious list because Stellantis has granted him a cash and stock compensation package worth roughly 220 million euros ($244 million) over five years.
Automakers including Volkswagen, BMW and Porsche are struggling to obtain crucial wire harnesses as suppliers in western Ukraine have been shuttered by the Russian invasion of the country, forcing production stops at car factories in Germany.
Production of the part, needed for organizing miles of vehicle cables, has affected suppliers including Leoni, Fujijura and Nexans.
A wire harness is a vital set of parts which neatly bundle up to 5 km (3.1 miles) of cables in the average car. They are a crucial part of a vehicle's electrical system.
France is resisting the European Union effectively phasing out combustion-engine car sales by 2035, advocating for a more lenient target for the end of the decade and a longer leash for plug-in hybrid models.
The French government backs a target to reduce emissions from cars 55 percent by 2030 from 2021 levels and for hybrids to remain on the market for longer, an official in President Emmanuel Macron’s office said.
U.S. National Science Foundation engineers based at North Carolina State University have developed flexible robotic grippers that can lift delicate items without damage and have the precision to grab a single strand of hair. The breakthrough has a host of applications for soft robotics, biomedical technologies and wound care, the researchers said.
Many people around the world had thought the anxieties of nuclear war were far behind us with the ending of the Cold War. But, Russian President Vladimir
Two space giants will soon collide. Astronomers from Caltech detected two black holes, 9 billion light-years from Earth, on the verge of a violent merger, a press statement reveals.
Russian gas major, Gazprom, is pushing ahead to build a 50 billion cubic meter gas pipeline to China amid economic sanctions imposed by Western countries, Business Insider reported.
COVID-19 vaccines have been a game-changer in the current pandemic. Several vaccine candidates have conferred a high degree of protection, with some reducing the number of symptomatic infections by over 95% in clinical trials. But what determines this extent of protection? The answer to this question would help optimize the use of available vaccines and speed up the development of new ones.
Pure lithium metal is a promising replacement for the graphite-based anodes currently used in electric vehicle batteries. It could tremendously reduce battery weights and dramatically extend the driving range of electric vehicles relative to existing technologies. But before lithium metal batteries can be used in cars, scientists must first figure out how to extend their lifetimes.
Efficiency rates for production machinery frequently fall far below what technology could achieve. The common reason is experienced employees are not always available when a failure occurs while other employees lack the experience to solve the actual cause. That is where MADDOX comes in. A smart and self-learning assistance system that uses machine learning methods to analyze machine and process data. Via pattern recognition it also searches for similarities in failures and downtimes that occurred in the past.
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