Automotive (6do encyclopedia)



Automotive, also known as motor vehicle, is a mode of transportation that uses an engine to move people and goods from one place to another. These vehicles come in many different forms, from cars and trucks to motorcycles and buses. They are a fundamental part of modern society, providing mobility and convenience to millions of people.

History and Evolution

The history of the automotive industry dates back to the late 19th century when the first gasoline-powered car was invented. It was developed by Karl Benz, a German inventor in 1885. Along with Daimler, another German inventor, who developed the first motorcycle in 1886, the modern automotive industry began to take shape.

In the early days, cars were a luxury item and were only available to a small number of wealthy people. However, with the development of mass production techniques and the introduction of the assembly line, the cost of cars began to drop, and they became more accessible to the general public.

As the technology improved, the size and power of the engines became larger, and the design of the vehicle became more streamlined and aerodynamic. Safety features such as seat belts, airbags and anti-lock braking systems were also introduced, making cars safer and more reliable. The twentieth century saw the rise of a number of major automotive manufacturers, including Ford, General Motors, and Toyota.

Modern Day Automotive Industry

Today, the automotive industry is a massive global enterprise, producing billions of vehicles each year. The major players in the industry include Ford, General Motors, Toyota, Honda, Nissan, Volkswagen, BMW, and Mercedes-Benz. These companies employ millions of people worldwide and generate billions of dollars in revenue each year.

The modern automotive industry is highly competitive, and companies are constantly trying to develop new and innovative products to stay ahead of their rivals. In recent years, there has been a growing focus on the development of electric and hybrid vehicles. These vehicles use new technology to reduce emissions and improve fuel efficiency, making them more environmentally friendly and economical to run.

The Future of Automotive

The automotive industry is continually evolving, and future developments are likely to focus on safety, comfort, and efficiency. Autonomous driving technology is already being developed, and self-driving cars are expected to become more prevalent in the coming years. These vehicles use sensors and cameras to navigate roads and traffic, reducing the risk of accidents and making driving safer for everyone.

In addition to autonomous technology, the development of electric and hybrid vehicles is likely to continue at a rapid pace. As governments around the world set stricter emissions targets, companies are investing heavily in the development of eco-friendly vehicles that can meet these targets. Many of these vehicles are expected to be powered by renewable energy sources such as solar and wind power.

Conclusion

The automotive industry is one of the most important and complex industries in the world. It has had a profound effect on the way people live and work, providing mobility and convenience to millions of people. As the industry continues to evolve, it is likely to drive even greater changes in the way we live and work. From electric and self-driving cars to renewable energy sources, the future of the automotive industry is both exciting and uncertain.


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How an ‘energizer bunny,’ cheeseburgers and $14 billion helped Canada woo Volkswagen

The Toronto Star

23-05-14 10:00


Canadian Industry Minister François-Philippe Champagne cold called Volkswagen North American CEO Scott Keogh in March 2021, beginning a year-long negotiation that ended in the announcement of VW's Plant Canada project. It aims to build a $4bn, 40 GWh-capacity battery assembly plant in southern Ontario, alongside a $1.4bn expansion of Ford’s Oakville assembly complex that includes the on-site production of electric powertrains. Champagne and Ontario Premier Doug Ford wooed and cajoled VW with offers of financial incentives and a highly trained workforce, and St. Thomas, just south of London and a rail hop from Michigan, was chosen as the assembly site ahead of another Canadian location and a US state. Construction is expected to start in 2023 and deliveries from 2025.

https://www.thestar.com/politics/2023/05/14/how-an-energizer-bunny-cheeseburgers-and-14-billion-helped-canada-woo-volkswagen.html
A timeline of negotiations toward the Volkswagen battery plant in Canada

The Toronto Star

23-05-14 10:00


Volkswagen (VW) is planning to build a C$5.1bn ($4.26bn) electric vehicle (EV) battery plant in Ontario, Canada. The 40 GWh factory, which will produce battery cells for EVs, is set to be one of VW's biggest and will create 2,000 jobs. Although the location was chosen over Kansas and Tennessee, the decision is seen as a boost for the US and Canadian auto industries, and for the provinces of Ontario and Quebec following the closure of many plants in recent years. "Our among us industrial heartland will stretch from Windsor all the way across to Quebec City," said Canadian Prime Minister, Justin Trudeau. The plant, worth C$5.1bn ($4.26bn), is set to begin production in 2028, and will receive around C$1.3bn in grants and other loans from the Canadian, Quebec and Ontario governments.

https://www.thestar.com/politics/federal/2023/05/14/a-timeline-of-negotiations-toward-the-volkswagen-battery-plant-in-canada.html
US wants a recall of 67 million airbag inflators, but the manufacturer disagrees

CNN

23-05-13 00:04


Manufacturing defects have caused the National Highway Traffic Safety Administration (NHTSA) to recall a massive 67 million Takata airbag inflator systems. The decision was sparked by nine incidents of inflator-bag ruptures at Knoxville-based ARC Automotive, resulting in several deaths and critical injuries since 2009. Although ARC argues the recall is unnecessary, NHTSA believes that the number of incidents warrants such action: seven occurred in the US, one of them causing death. The components used by at least 12 manufacturers are primarily in SUVs made by General Motors (GM) between 2014 and 2017, resulting in the recall of one million cars. Airbags spraying metal fragments due to manufacturing faults are a long-set problem in the automotive industry. The previously recalled Takata bags were estimated to cause at least $9bn of related costs, driving some of these companies into bankruptcy.

https://edition.cnn.com/2023/05/12/business/airbag-inflator-recall-arc/index.html
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter

Reuters

23-05-12 22:58


Billionaire George Soros' family office, Soros Fund Management, has cut its stakes in Tesla and Rivian Automotive in the first quarter and increased its holdings in Walmart, Netflix and JD.com, according to filings. It also boosted its stake in Qualcomm, tripled its position in Nike and increased its Uber Technologies shares. Soros also added new stakes in CSX and Norfolk Southern railway operators, while reducing its holdings in Walt Disney. Soros Fund bought shares of Tesla and Rivian in 2022 and convertible bonds in Tesla in 2018.

https://www.reuters.com/business/finance/soros-fund-management-cut-tesla-stake-added-netflix-1st-quarter-2023-05-12/
Foxconn accelerates drive for in-house EV chips

Nikkei Asia

23-05-12 17:37


Hon Hai Precision Industry, better known as Foxconn, is increasing efforts to produce automotive semiconductors in-house as it aims to expand into electric vehicle assembly. The Taiwanese company is partnering with Infineon Technologies to provide competitive automotive solutions.

https://asia.nikkei.com/Business/Tech/Semiconductors/Foxconn-accelerates-drive-for-in-house-EV-chips
Tesla Executives to Visit India This Week in Pivot Beyond China

Bloomberg

23-05-16 08:30


Senior executives from Tesla are set to meet with Indian officials this week to discuss expanding its supply chain in the country. Senior managers in Austin, Texas-based Tesla’s business development, production and supply chain teams will meet with officials from the office of Prime Minister Narendra Modi. The executives will discuss the sourcing of components for Tesla models, with Tesla expected to ask for India to cut import taxes on its cars. While Tesla has struggled to penetrate the Indian market, rivals including Mercedes-Benz have begun to sell locally built electric vehicles to cater to rising demand in the nation.

https://www.bloomberg.com/news/articles/2023-05-16/tesla-executives-to-visit-india-this-week-in-pivot-beyond-china?srnd=next-china
Canada, U.S. team up on EV charging corridor from Quebec City to Kalamazoo

The Toronto Star

23-05-16 21:03


Canada and the United States are joining forces to construct an electric vehicle (EV) corridor of charging stations to promote EV adoption. The corridor will have charging infrastructure every 80 kilometres from Quebec City to Kalamazoo, Michigan, covering 1,400 kilometres. The 215 charging stations will fuel one of the busiest passenger and trade routes between the two countries. President Joe Biden and Prime Minister Justin Trudeau agreed on a cross-border EV charging network in March. The move will reduce greenhouse gas emissions, which the Canadian government says accounts for 23% of Canada's total emissions.

https://www.thestar.com/politics/2023/05/16/canada-us-team-up-on-ev-charging-corridor-from-quebec-city-to-kalamazoo.html
Uber to allow Canadian teens to set up ride-share accounts this summer

The Toronto Star

23-05-17 15:00


Uber has started allowing children aged between 13 and 17 to create passenger accounts as part of its growth strategy in Canada. Teen accounts will be launched first in Western Canada and Quebec, then in Ontario and Nova Scotia over the summer. The move represents a U-turn on a previous policy which prohibited under-18s from holding an Uber account or ordering a ride for an underage passenger unaccompanied by an adult. The company's Pin Verification and GPS will also allow for safe use of the service by teenagers.

https://www.thestar.com/business/2023/05/17/uber-to-allow-canadian-teens-to-set-up-ride-share-accounts-this-summer.html
Ontario offering more money to Stellantis, Ford says

The Toronto Star

23-05-19 15:20


Ontario is increasing its financial contribution in order to prevent automaker Stellantis from abandoning the construction of an electric vehicle battery plant in Windsor, Ontario. Although Stellantis and LG Energy Solution publicised a plan to build a $5bn factory last year, recent reports indicate that this plan has been prolonged due to the Canadian federal government failing to comply with bilateral agreements. The CEOs of Stellantis and LG Energy Solution wrote to Prime Minister Justin Trudeau indicating that they have not received subsidies initially agreed on. Canada offered Volkswagen a capital contribution of $700m and a production final offer of $13bn for similar production incentives.

https://www.thestar.com/politics/2023/05/19/ontario-offering-more-money-to-stellantis-ford-says.html
Renault Leans Toward Making Alpine On Its Own, Not With Lotus

Bloomberg

23-05-19 14:37


Renault is reportedly preparing to build the platform for its rebranded Alpine sports-car models itself instead of co-developing it with China's Geely. Renault engineers have sufficient expertise to make the platform, which is an important piece in rebooting the French carmaker's brand, said people familiar with the matter who wished to remain unnamed. The likely decision wasn't influenced by any souring of relations with Geely, with whom Renault collaborates on other projects, the two insiders said. Development of a full line-up of sports-car models following the A110 coupé is ahead.

https://www.bloomberg.com/news/articles/2023-05-19/renault-leans-toward-making-alpine-on-its-own-not-with-lotus?srnd=next-china
Biden Says US-China Relations Set to Improve ‘Very Shortly’

Bloomberg

23-05-21 10:39


US President Joe Biden has said he believes relations with China will improve again soon. Biden reportedly said a row over a suspected spy balloon which saw the US shoot down a "silly" device carrying two freight cars' worth of spying equipment had put the goodwill generated by his previous meeting with Chinese President Xi Jinping "undermined". Biden also announced his administration is considering lifting sanctions on Chinese Defense Minister Li Shangfu, while National Security Adviser Jake Sullivan is among those to have met with Chinese officials in recent weeks.

https://www.bloomberg.com/news/articles/2023-05-21/biden-says-us-china-relations-set-to-improve-very-shortly?srnd=next-china