Here are some of the latest news and developments in the manufacturing industry: General Motors (GM) CEO Mary Barra has no plans to retire soon, as the automaker continues its transformation towards electric vehicles (EVs) and innovative technologies. However, the rollback of EV incentives in the Inflation Reduction Act could benefit China, according to a GM board member. GM's all-electric Chevy Equinox has recently gone on sale. In the aerospace sector, Boeing supplier Spirit AeroSystems has laid off workers due to lower deliveries. Meanwhile, Boeing expects a slower production increase of its 787 Dreamliner aircraft. Honda announced plans to build a $11 billion EV hub in Canada as it accelerates its shift towards electric vehicles. 3M is investing $67 million to expand its facility in Valley, Nebraska, creating about 40 new jobs to increase manufacturing capacity and meet customer demand. [1] Stellantis, the automaker behind Jeep, is shaking up its workforce amid the electric shift, while Dodge and Ram boss Tim Kuniskis is retiring from the company. [2] PepsiCo is expanding its use of hydrotreated vegetable oil (HVO) across its supply chain to reduce its carbon footprint. [5] In the UK, a new battery-powered train commenced testing, aiming to reduce the rail industry's carbon emissions. [5] These stories highlight the industry's focus on sustainability, electrification, workforce changes, and capacity expansions to meet evolving market demands. [1][2][5] Sources [1] Latest Industry & Manufacturing News and Press Releases https://lnkd.in/gzbHWj_J [2] Manufacturing Today: Digital manufacturing magazine https://lnkd.in/g9r9PRJ7 [3] Manufacturing.net https://lnkd.in/gKhcyrMW [4] Manufacturing - CNBC https://lnkd.in/gwrcg9qB [5] Manufacturing news, articles and insights https://lnkd.in/ek2mhe9M
Manufacturing’s Post
More Relevant Posts
-
I encourage you to take a few minutes to read the highlights of KPMG's 24th Annual Global Automotive Executive Survey. As the industry is at a pivotal moment driven by advances in electric powertrains, self-driving technology, and enhanced customer experiences, the business opportunities have never seemed greater KPMG España KPMG Global Mergers & Acquisitions #Automotive #kpmg #manufacturingindustry
24th Annual Global Automotive Executive Survey
kpmg.com
To view or add a comment, sign in
-
As the industry transitions to EVs, alternative M&A deals continue to be in the forefront for automakers.
Alternative M&A in the Automotive Industry
www2.deloitte.com
To view or add a comment, sign in
-
Volkswagen faces stagnant profits in 2024 amid economic uncertainty and electric car challenges. Despite competitive vehicles, VW's weak profitability reflects its politically influenced ownership structure, deterring some investors. Financially, VW's 2023 operating profit margin decreased, with projections indicating slower sales growth. The company struggles in the electric vehicle market, failing to meet initial promises amid fierce competition. Analysts express doubts about VW's profitability targets, highlighting concerns like meeting EU regulations and heavy reliance on high-priced models. While shares seem cheap, uncertainties cloud VW's future path, prompting caution among investors. #Volkswagen #AutomotiveIndustry #ElectricVehicles #Investment #BusinessChallenges
“The huge changes required to meet the electric changeover threaten the long-term stability of manufacturers as the Chinese threaten in Europe. This could lead to mergers or new alliances to ward off the threat” #volkswagen #HeardontheStreet #WSJ #LowerSaxony #ElectricCars #FrankSchwope #Renault #Stellantis #BMW #HSBCResearch #BernsteinResearch #UBS #automakers #automotiveindustry #EU #CO2 #Audi #Porsche
Volkswagen Will Have To Work Hard For Profits In 2024
forbes.com
To view or add a comment, sign in
-
Stellantis has reported a remarkable $9 billion in cost reductions following its merger, significantly enhancing operational efficiency and profitability. https://lnkd.in/gubrfhGB This achievement underscores the strategic advantages of well-executed mergers in driving financial success and innovation. The company's focus on streamlining operations and leveraging synergies between its diverse brands has not only bolstered its market position but also set a benchmark for industry peers. Stellantis' success story highlights the critical role of strategic planning and execution in achieving long-term financial goals. As the automotive sector continues to evolve, such milestones are a testament to the power of collaboration and the importance of adaptability in a competitive market. #AutomotiveIndustry #BusinessStrategy #CostReduction #MergerSuccess #Innovation #Stellantis #MarketLeadership #OperationalEfficiency #IndustryInsights For further automotive related news and career advice in automotive, please follow Turnpoint Consulting Co., Ltd and reach out to our professional and knowledgeable consultants.
Stellantis aims to correct 'arrogant' mistakes in U.S. market, CEO says
cnbc.com
To view or add a comment, sign in
-
Three big reasons Americans haven’t rapidly adopted EVs. Your comments and opinions are encouraged. #TempletonMarsh #Automotive #MergersAndAcquisitions #Mergers #Acquisitions #BuyandSell #AutomotiveNews #Dealerships #AutoDealer #Growth #BuySell #Auto #Opportunities #Confidential #Dealers
Three big reasons Americans haven't rapidly adopted EVs
bbc.com
To view or add a comment, sign in
-
Amid significant changes in 2023, the #automotive sector's M&A landscape is evolving rapidly, marked by an enormous transformation as it transitions to battery-powered and software-defined vehicles. In our article, our experts delve into key insights on major #investments, strategic alliances, consolidation, emerging trends, and a forecast for 2024. Find out about the future of automotive #mergersandacquisitions here. https://lnkd.in/diYknR3U
Automotive – M&A active as industry looks ahead
herbertsmithfreehills.com
To view or add a comment, sign in
-
"I have driven the BYD Han, and if priced right upon entry in the Canadian market, it will be a game changer." - Samir Akhavan Click here to view full article: https://lnkd.in/ejnVeZzv Let us know your thoughts in the comments below. #TempletonMarsh #Automotive #MergersAndAcquisitions #Mergers #Acquisitions #BuyandSell #AutomotiveNews #Dealerships #AutoDealer #Growth #BuySell #Auto #Opportunities #Confidential #Dealers
How Tesla and its Chinese competitor compare, in 4 charts | CNN Business
cnn.com
To view or add a comment, sign in
-
CATL LRS model operates with light assets, mainly targeting the United States market, and its subsequent share is expected to breakthrough and increase. For the United Statesmarket, CATL has launched a technology licensing model, namely a licensing, authorisation and service model. CATL will be responsible for building battery production lines, setting up supply chains, debugging production line equipment and managing manufacturing processes, while the capital expenditure of the factory is borne entirely by the auto companies. CATL will not hold shares in the cooperative factories, but charges patent licensing fees and service fees. The LRS model operates with light assets, helping OEMs and even battery factories to quickly build battery factories. It has currently cooperated with Ford, GM, and Tesla, and is expected to be promoted to other European and American auto companies and gigafactories in the future. In the future, its share of battery production in the United States is expected to increase up to 15%. Read more: https://lnkd.in/ghZUFdy9
Golden Dragon Capital Limited | 领英
cn.linkedin.com
To view or add a comment, sign in
-
Divestments have become a legitimate part of any business leader’s strategic toolkit. Especially so during the disruption, economic uncertainty and rapid technological advances that we are experiencing across markets today. Here is a fascinating example of this strategy in action. Through the lens of the historic Daimler/Mercedes Benz split that started in 2018, read about the important lessons learned in order to ensure divestment success. https://lnkd.in/gZkKRWzG #BetterWorkingWorld #sellandseparate #divestment
To view or add a comment, sign in
-
-
The global auto parts market is witnessing robust growth, driven by the increased use of technological advancements and a surge in mergers, acquisitions, and strategic partnerships. Read more here: https://bit.ly/3SXT33E Technavio
New Technologies, Alliances Drive Growth In Global Auto Parts Market - Mobility Outlook
mobilityoutlook.com
To view or add a comment, sign in