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Global Light Vehicle Production Market Accelerates at 10.20% CAGR in 2023, Driven by Rising Demand for SUVs and Technological Advancements - ResearchAndMarkets.com

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Wednesday, November 1, 2023

Additionally, the global premium vehicle production market is projected to reach 11.31 million units in 2023, experiencing a CAGR of 8.28% during the same period.

Key Points:

Additionally, the global premium vehicle production market is projected to reach 11.31 million units in 2023, experiencing a CAGR of 8.28% during the same period.
The global premium vehicle market has seen substantial growth recently, driven by customer preferences shifting from sedans to SUVs and rising disposable incomes.
By Vehicle Type: The global light vehicle production market is segmented into two categories: passenger cars and light commercial vehicles.
Rising Demand for SUVs: The global demand for SUVs is on the rise, driving the growth of the light vehicle market.

Porsche plans to use CO2-reduced steel from H2 Green Steel in sports cars from 2026

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Tuesday, October 31, 2023

Volkswagen Group, Steelmaking, Carbon, Electricity, Hydrogen, CO2, Steel, Coal, Automotive industry, Porsche

STOCKHOLM, Oct. 31, 2023 /PRNewswire/ -- Porsche AG and the Swedish industrial start-up H2 Green Steel have signed an agreement for the supply of CO2-reduced steel.

Key Points:

STOCKHOLM, Oct. 31, 2023 /PRNewswire/ -- Porsche AG and the Swedish industrial start-up H2 Green Steel have signed an agreement for the supply of CO2-reduced steel.
H2 Green Steel plans to produce steel using renewable electricity in Boden, Sweden, starting end of 2025.
From 2026, Porsche and various direct Porsche suppliers of production material are to be supplied with near zero-emission steel from the company.
According to H2 Green Steel, this results in up to 95 percent lower CO₂ emissions than conventional steel production with coking coal.

Porsche plans to use CO2-reduced steel from H2 Green Steel in sports cars from 2026

Retrieved on:

Tuesday, October 31, 2023

Volkswagen Group, Steelmaking, Carbon, Electricity, Hydrogen, CO2, Steel, Coal, Automotive industry, Porsche

STOCKHOLM, Oct. 31, 2023 /PRNewswire/ -- Porsche AG and the Swedish industrial start-up H2 Green Steel have signed an agreement for the supply of CO2-reduced steel.

Key Points:

STOCKHOLM, Oct. 31, 2023 /PRNewswire/ -- Porsche AG and the Swedish industrial start-up H2 Green Steel have signed an agreement for the supply of CO2-reduced steel.
H2 Green Steel plans to produce steel using renewable electricity in Boden, Sweden, starting end of 2025.
From 2026, Porsche and various direct Porsche suppliers of production material are to be supplied with near zero-emission steel from the company.
According to H2 Green Steel, this results in up to 95 percent lower CO₂ emissions than conventional steel production with coking coal.

Automotive Wiring Harness Market worth $59.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

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Monday, October 30, 2023

The metallic segment holds the largest share of the automotive wiring harness market.

Key Points:

The metallic segment holds the largest share of the automotive wiring harness market.
Hence, metallic wiring harnesses are extensively used in various critical automotive applications, including powertrain, chassis, body and lighting, safety systems, transmission, and interior wiring.
Also, using aluminium in automotive wiring harnesses with gold plating helps enhance data transmission and reduce weight and costs.
In Europe, the accelerated shift toward electric vehicles, backed by government targets for widespread electrification by 2030, is transforming the automotive wiring harness market.

Automotive Wiring Harness Market worth $59.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, October 30, 2023

The metallic segment holds the largest share of the automotive wiring harness market.

Key Points:

The metallic segment holds the largest share of the automotive wiring harness market.
Hence, metallic wiring harnesses are extensively used in various critical automotive applications, including powertrain, chassis, body and lighting, safety systems, transmission, and interior wiring.
Also, using aluminium in automotive wiring harnesses with gold plating helps enhance data transmission and reduce weight and costs.
In Europe, the accelerated shift toward electric vehicles, backed by government targets for widespread electrification by 2030, is transforming the automotive wiring harness market.

Bahrain title showdown for TOYOTA GAZOO Racing

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Monday, October 30, 2023

Toyota City, Japan, Oct 30, 2023 - (JCN Newswire) - TOYOTA GAZOO Racing aims to bring the curtain down on the 2023 FIA World Endurance Championship (WEC) season with another title-winning celebration in the 8 Hours of Bahrain.

Key Points:

Toyota City, Japan, Oct 30, 2023 - (JCN Newswire) - TOYOTA GAZOO Racing aims to bring the curtain down on the 2023 FIA World Endurance Championship (WEC) season with another title-winning celebration in the 8 Hours of Bahrain.
A fifth straight drivers' title for TOYOTA GAZOO Racing is not yet mathematically secure, with both Ferraris still challenging.
The #50 drivers are 36 points adrift while the #51 crew are 31 points behind with 39 still available in Bahrain.
"I am looking forward to racing again in Bahrain because I enjoy the circuit, as well as racing into the night and in hot conditions.

McGovern Automotive Group Cements Albany Presence with Strategic Acquisition and Relocation of Genesis Dealership

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Thursday, October 26, 2023

Ford, SUV, GMC, GV70, McGovern, Jaguar Land Rover, Workforce, Acquisition, Jaguar, Growth, Ferrari, Land Rover, Collection, Hyundai, Automotive industry, Genesis, Porsche, Volvo

ALBANY, N.Y., Oct. 26, 2023 /PRNewswire/ -- McGovern Automotive Group , the leading automotive group in the Northeast renowned for its dedicated workforce, exceptional service, and rapid expansion, has taken a significant step forward by acquiring Genesis of Queensbury, NY.

Key Points:

ALBANY, N.Y., Oct. 26, 2023 /PRNewswire/ -- McGovern Automotive Group , the leading automotive group in the Northeast renowned for its dedicated workforce, exceptional service, and rapid expansion, has taken a significant step forward by acquiring Genesis of Queensbury, NY.
As part of a robust expansion strategy to bolster its regional footprint, operations will transition from Queensbury to Albany.
This latest acquisition — which marks the launch of McGovern's 26th dealership across 23 distinct brands — strengthens McGovern's steadfast commitment and deep-rooted bond with the Albany community.
Founded in 2016 by industry veteran Matt McGovern, the McGovern Automotive Group has rapidly grown to become the region's premier collection of dealerships.

EQS-News: Dr. Ing. h.c. F. Porsche AG: Porsche AG posts robust growth in first nine months

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Thursday, October 26, 2023

IPO, RTÉ Executive Board, Financial services, Herbert L. Meschke, PFS, Emerging, Vehicle registration plates of Nepal, Investment, Marketing, Automotive industry, Porsche Taycan, Porsche

CFO Lutz Meschke: “While investing extensively in the brand and technology, we have simultaneously achieved a strong result and robust cash flow.

Key Points:

CFO Lutz Meschke: “While investing extensively in the brand and technology, we have simultaneously achieved a strong result and robust cash flow.
Roughly a year after its successful IPO on September 29, 2022, Porsche AG again reported strong business figures for the third quarter of 2023.
In the first nine months of the year, the sports car manufacturer increased both Group sales revenue and Group operating profit.
The financial services division Porsche Financial Services (PFS) continued its steady growth in the first nine months of the year: Sales revenue rose to 2.52 billion euros (previous year: 2.47 billion euros).

Hydromer Inc. Announces Formation of its Scientific Advisory Board with the Appointment of its First Member Eric Becktel

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Tuesday, October 24, 2023

CONCORD, NC, Oct. 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Hydromer, Inc (OTC: HYDI), is thrilled to announce the formation of the Company's first Scientific Advisory Board and proudly introduce its inaugural member, Mr. Eric Becktel.

Key Points:

CONCORD, NC, Oct. 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Hydromer, Inc (OTC: HYDI), is thrilled to announce the formation of the Company's first Scientific Advisory Board and proudly introduce its inaugural member, Mr. Eric Becktel.
Now, we are excited to welcome him aboard to offer his unparalleled expertise formally as a member of our Scientific Advisory Board.
"We are excited to announce the formation of our Scientific Advisory Board and welcome Eric Becktel as its inaugural member," said Mike Torti, CEO.
As we embark on a new chapter, the formation of our Scientific Advisory Board marks a significant milestone in our journey.

Orlando International Fashion Week Welcomes Esteemed Partner, Build Ventures, to Host The Fashion Designer Competition at Porsche South Orlando

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Wednesday, October 25, 2023

Fashion, Porsche, Partnership, Tourism, Amusement park

ORLANDO, Fla., Oct. 25, 2023 /PRNewswire/ -- Orlando International Fashion Week, an Orlando non-profit organization, presents The Fashion Designer Competition on November 3, 2023 at Porsche South Orlando.

Key Points:

ORLANDO, Fla., Oct. 25, 2023 /PRNewswire/ -- Orlando International Fashion Week, an Orlando non-profit organization, presents The Fashion Designer Competition on November 3, 2023 at Porsche South Orlando.
The Fashion Designer Competition will provide a sophisticated networking and social experience with a runway show and live voting at the event.
Guests can immerse themselves in the world of high fashion and luxury cars while participating in choosing a winner of the designer showcase.
Both OIFW and Build Ventures are energized advocates for elevating the status of fashion in Orlando in support of the city's ascent.