Author: Central Desk

Porsche AG, the renowned automaker, recently unveiled plans to incrementally acquire all shares of MHP GmbH, the IT consultancy firm, by January 2024. Already a majority stakeholder, Porsche seeks to tap into MHP’s burgeoning potential within the fields of management and IT consulting. Dr. Ralf Hofmann, co-founder, shareholder, and Chairman of the Board of Management—who holds 18.2% of MHP’s shares—will maintain his position as CEO. This strategic acquisition intends to fuel MHP’s worldwide growth, extending its reach beyond the Group, and broadening its customer base, portfolio, and size. Highlighting the importance of this strategic move, Dr. Ralf Hofmann expressed, “With…

A strategic union between onsemi, the pioneer of intelligent power and sensing technologies, and Magna, a global force in mobility technology have proclaimed a Long-Term Supply Agreement (LTSA) for SiC production. This collaboration anticipated to transform the landscape of electric vehicle (EV) manufacturing. Through harnessing onsemi’s groundbreaking EliteSiC MOSFET technology, Magna’s eDrive systems will see amplified cooling performance along with accelerated charging and driving speeds. The resulting benefits encompass not only improved efficiency but also an extended range for EVs. Magna will gain onsemi’s comprehensive silicon carbide (SiC) manufacturing capabilities, a prowess that includes the ability to expedite production. This…

Mitsubishi’s recently launched ‘latest edition Triton’ mid-size truck has been well received in the Asian market. Introducing an exciting blend of traditional design and modern technology, the truck is expected to take the market by storm, according to truck enthusiasts. The Triton remains rooted in its old-school appeal with its single-cab and extended “Club cab” configurations, in contrast to American manufacturers’ preferences for crew-cab models. It boasts a body mounted on a ladder-frame chassis that the automaker touts as being significantly more rigid than its predecessor, without significant weight gain. However, the truck incorporates modern comforts such as a touchscreen…

For hastening standardization within the automotive sector, Tata Elxsi, India’s Bengaluru-based design and technology service provider, solidifies its place within the eSync Alliance. This global body strives towards solidifying standards for over-the-air (OTA) updates and diagnostics across the industry. This strategic move from Tata Elxsi comes at a crucial juncture when the automotive industry transitions towards Software-Defined Vehicles (SDVs). Such a shift propels manufacturers and suppliers to form partnerships that unlock future technologies, including autonomous driving, electrification, and enhanced connectivity. Tata Elxsi, through its comprehensive next-generation engineering and digital-enabled design services, keeps businesses abreast of evolving market demands. This integrated…

Underscoring its growth agenda, the Volkswagen Group discloses pivotal alliances with Chinese automotive heavyweights XPENG and SAIC, paving a path towards a robust local electrification strategy. These partnerships aim to unlock fresh customer and market segments, setting the stage to reap rich rewards from China’s exponentially growing e-mobility market. Volkswagen forges a technological pact with XPENG, an esteemed Chinese manufacturer of intelligent electric vehicles. The alliance’s initial focus is to co-develop two Volkswagen brand electric models for the mid-size segment, catering specifically to the Chinese market. Slated for a 2026 launch, these vehicles will enhance the MEB product portfolio, contingent…

As October dawns, Doha prepares to welcome an esteemed assembly of thirty global automotive brands for the pioneering Geneva International Motor Show (GIMS) Qatar edition, scheduled for October 5 to 14. Amid the revelry, ten revolutionary car models await their worldwide debut, marking an unprecedented milestone for the automotive sector. This unique iteration of the GIMS is a trailblazing step as it extends beyond the borders of its original homeland, Switzerland. This strategic move aligns seamlessly with Qatar’s heritage as a vibrant host of prominent worldwide sporting events, notably the FIFA World Cup Qatar 2022 and the Formula 1 Qatar…

J.D. Power, renowned for its comprehensive automotive industry surveys, is set to fuse its strengths with those of data analytics powerhouse Palantir Technologies. This strategic alliance, sparked by the innovative breakthroughs of OpenAI’s ChatGPT, underlines AI integration across diverse industrial landscapes. With the expanding influence of AI, Bernardo Rodriguez, Chief Digital Officer at J.D. Power, articulates the firm’s aspiration to harness this technological wave. Holding the reins of vast industry-focused data sets, the company sets its sights on confronting the substantial hurdles prevalent within today’s automotive industry. Through the partnership with Palantir, recognized for securely handling and efficiently processing colossal…

Making an essential stride toward automotive world, German automotive supplier MAHLE and Taiwanese battery connoisseur ProLogium are join forces. The progressive collaboration aims to engineer and appraise thermal management solutions designed for solid-state batteries, the subsequent leap in battery technology promising augmented safety standards and extensive vehicular ranges. Solid-state cells, credited for their superior operational reliability and potent energy density, offer a marked improvement over traditional battery systems. Harnessing the unique attributes of these cells, the partnership endeavors to craft custom thermal management solutions. These efforts stand to yield battery systems of unparalleled efficiency, extensive energy density, longevity, and fast…

Escalating strains in the world’s most extensive auto market became tangible on Monday when China Toyota Motor’s joint venture (JV) revealed the premature termination of approximately 1,000 dispatch worker contracts. Analysts interpret this issue as a tangible outcome of the brewing auto price war rivalry on this global stage. Three anonymous workers reported to Reuters that the collaborative entity between Toyota and China’s state-owned Guangzhou Automobile Group (GAC) released these workers during the past weekend, duly compensating them. The impacted employees, initially engaged by labor service firms, were assigned roles within a factory nestled in the heart of Guangzhou, a…

A pivotal change is underway within the global manufacturing and supply chain domain. India’s premier industrial titan, the Mahindra Group, especially well known for largest utility vehicles production in India, spearheads this shift by extending a helping hand to American businesses. It utilizes the strengths of Indian manufacturing sector to bolster the international reach of American companies. Support from the Mahindra Group is multifaceted, covering an integrated view of manufacturing that incorporates aspects like infrastructure, supply chain, technology, and automation. A versatile plug-and-play suite of offerings provides adaptability, with additional guidance on regulations and compliance. A robust commitment to Environmental,…