Page 2 - Us Auto Industry
L&T Technology Services wins $45 million EV Deal from US Auto Tier 1
L & T Technology Services Limited (BSEUnder the terms of the 5-year agreement, LTTS will work with the customer to deliver solutions leveraging its e-mobility technology competence. Notably, this will be delivered from LTTS' ER & D center in Krakow, Poland.LTTS plans to have over 300 engineers working from its Krakow, Poland center in the next 3 years, marking its expansion into Eastern Europe.Amit Chadha, CEO & Managing Director, L & T Technology Services said, "We have been investing in Electric, Autonomous and Connected Vehicle (EACV) as part of our 6 big bets and our engineers have developed several new scalable e-mobility solutions that can accelerate global automotive players' EV development journey.This landmark deal reinforces that our strategic investment is paying off and establishes LTTS' dominant position in the EACV landscape. The Krakow R & D center will serve as a nearshore center to Western European and North American clientele across ...
 "L&T Technology Services wins $45 million EV Deal from US Auto Tier 1")
India offers huge opportunities in EV space: US auto component maker Dana
Dana has 18 facilities in India, which include joint ventures as well as a recently launched dedicated EV drivetrain manufacturing facility in Pune
 "India offers huge opportunities in EV space: US auto component maker Dana")
US opens probe into 30 million vehicles over air bag inflators
The 30 million vehicles include both vehicles that had the inflators installed when they were manufactured as well as some inflators that were used in prior recall repairs, NHTSA said in the document
 "US opens probe into 30 million vehicles over air bag inflators")
US auto industry calls for govt help as it warns of impact of chip shortage
Joe Biden in February ordered several Federal agency actions to address the chip crisis and is also seeking $37 billion in funding for legislation to supercharge chip manufacturing in the US
 "US auto industry calls for govt help as it warns of impact of chip shortage")
Increased new-car demand during Covid has US industry optimistic about 2021
Increased demand for new vehicles during the Covid-19 pandemic helped General Motors and other automakers report strong fourth-quarter US sales on Tuesday
 "Increased new-car demand during Covid has US industry optimistic about 2021")
US auto industry reopens amid concerns of second coronavirus wave
Ohio, another industrial state and key player in the US auto industry, reopened its manufacturing last week and said most retail shops could welcome customers back on Tuesday
 "US auto industry reopens amid concerns of second coronavirus wave")
Covid-19 impact: Mexico, Brazil see 99% plunge in auto production in April
In normal times, the combined number of cars produced by Mexico and Brazil every month is half a million
 "Covid-19 impact: Mexico, Brazil see 99% plunge in auto production in April")
Dismal start to US automobile sales sounds alarm that collapse is here
The severity of the slide stokes fears that a long-anticipated car sales collapse may be arriving
 "Dismal start to US automobile sales sounds alarm that collapse is here")
King of the road no more? Why Trump can't steer the global auto market
Shift in major car markets fuel standards has been a major problem for automakers
 "King of the road no more? Why Trump can't steer the global auto market")
Renegotiating Nafta: Trump's trade moves put US auto industry in a fix
The auto industry is among the sectors most vulnerable to trade disruptions because its business model is increasingly global, in terms of both production and sales
 "Renegotiating Nafta: Trump's trade moves put US auto industry in a fix")