Industry News
Bosch, the world’s largest automotive supplier by revenue, plans to cut most of 5,500 jobs, including 3,800 in Germany, citing weak demand for intelligent driver-assistance systems and automated driving solutions. The company attributed the decision...
By DCB Editorial
November 25, 2024
Honda believes it can transform the electric vehicle (EV) market by developing all-solid-state batteries, which promise to double driving range by the late 2020s and increase it by 2.5 times by the 2040s. These advanced batteries,...
By DCB Editorial
November 21, 2024
The French prosecutor’s office, in its boundless wisdom and unwavering commitment to justice, has recommended that former Renault-Nissan chief Carlos Ghosn and French culture minister Rachida Dati stand trial for alleged corruption. This is the...
By DCB Editorial
November 18, 2024
China has reacted to a trade dispute instigated by the European Union (EU) by filing a complaint with the World Trade Organization (WTO) over the EU’s new tariffs on Chinese electric vehicle (EV) imports. China’s Ministry of Commerce claims these tariffs...
By DCB Editorial
November 5, 2024
Ford Motor Company is set to temporarily halt production of its F-150 Lightning electric truck from November 18 to January 6, 2025, aiming to optimize production for growth and profitability. This six-week pause, along with...
By DCB Editorial
November 1, 2024
Abu Dhabi-based investment firm CYVN Holdings has signed a non-binding agreement to acquire 100% of McLaren Automotive from Bahrain’s sovereign wealth fund, Mumtalakat Holding. This strategic acquisition will provide McLaren Automotive with a significant capital infusion, cutting-edge engineering expertise, and access to advanced electric vehicle (EV) technology. Additionally,...
By DCB Editorial
October 30, 2024