Automotive Manufacturing

Hispanic C-Suite Corporate Council Announces Leslie Sanchez, Jorge Ferraez and Ana Mollinedo Mims to the HC3 Board of Directors

Retrieved on: 
Tuesday, April 9, 2024
Technology, Marketing, Advertising, Communications, General Sports, Other Philanthropy, Elections, Campaigns, Public Policy, Government, University, Vacation, Education, Other Travel, Transportation, Philanthropy, Destinations, Travel, Fund Raising, Foundation, Automotive Manufacturing, Sports, Data Management, Manufacturing, Public Relations, Investor Relations, Corporate title, Management

In another significant move to bolster the representation of Hispanic leaders in corporate America, the Hispanic C-Suite Corporate Council (HC3) is proud to announce the appointment of Leslie Sanchez, Jorge Ferraez, and Ana Mollinedo Mims to the Board of Directors.

Key Points: 
  • In another significant move to bolster the representation of Hispanic leaders in corporate America, the Hispanic C-Suite Corporate Council (HC3) is proud to announce the appointment of Leslie Sanchez, Jorge Ferraez, and Ana Mollinedo Mims to the Board of Directors.
  • This strategic decision marks the organization’s continued commitment to enhance the development, leadership, and philanthropic efforts of Hispanic executives and fortify the Hispanic influence within their respective companies, industries, and communities.
  • George Herrera, Chairman of the Board, and Andre Arbelaez, President and CEO of HC3, highlighted the organization's strategic initiatives to elevate Hispanic business leaders within C-Suite roles and the U.S. economic-driving power of the Hispanic market.
  • Under Herrera's and Arbelaez’s leadership, HC3 is set to embark on a transformative journey from its headquarters in Detroit, Michigan.

Trinseo Introduces Groundbreaking Flame-retardant Plastic Grades Without Using PFAS Additives During Manufacturing Process

Retrieved on: 
Tuesday, April 9, 2024
Automotive Manufacturing, Other Consumer, Green Technology, Manufacturing, Environment, Telecommunications, Sustainability, Networks, Consumer, Other Construction & Property, Consumer Electronics, Technology, Construction & Property, Other Manufacturing, Recycling, Packaging, Engineering, Chemicals, Plastics, PCR, Knowledge, Electronics, Carbon footprint, PFAS, Water, Per- and polyfluoroalkyl substances, Thermoplastic

Many PFAS chemicals are commonly used for their important flame-retardant properties, as well as their resistance to heat, oil, stain, grease, and water.

Key Points: 
  • Many PFAS chemicals are commonly used for their important flame-retardant properties, as well as their resistance to heat, oil, stain, grease, and water.
  • Both EMERGE™ 8600PR and EMERGE™ 7360E65 use post-consumer recycled (PCR) substrates, while maintaining performance similar to that of virgin materials.
  • There is no intentionally added PFAS in the manufacturing process at Trinseo, and the recycled content facilitates waste reduction, carbon footprint reduction, and recycling in the consumer electronics industry.
  • Features of EMERGE™ PC 8600PV and 8600PR flame-retardant products:
    Halogenated additives are not used in the manufacturing process at Trinseo.

Fenix Parts Completes Acquisition of Neal Auto Parts

Retrieved on: 
Tuesday, April 9, 2024
Recycling, Aftermarket, Automotive, Automotive Manufacturing, Environment, Manufacturing, Multimedia, Acquisition, Parent, Learning

Fenix Parent LLC, operating as Fenix Parts (“Fenix Parts” or the “Company”), a leading recycler and reseller of original equipment manufacturer automotive parts, announced today it has completed its acquisition of the assets of Neal Auto Parts (“Neal”) in Peoria, Illinois.

Key Points: 
  • Fenix Parent LLC, operating as Fenix Parts (“Fenix Parts” or the “Company”), a leading recycler and reseller of original equipment manufacturer automotive parts, announced today it has completed its acquisition of the assets of Neal Auto Parts (“Neal”) in Peoria, Illinois.
  • Fenix Parts was acquired by affiliates of Stellex Capital Management LLC in April 2018.
  • This is Fenix Parts’ eighth acquisition in the Midwest and brings Fenix’s location count to 27 full-service and 5 self-service locations.
  • Bill Stevens, CEO of Fenix Parts, said, “We are pleased to announce the acquisition of Neal and excited about the addition of its experienced and talented team to the Fenix family.

Global Automotive Engineering Services Market Projected to Reach $396.45 Billion by 2028: Spotlight on AI Integration and Electric Vehicle Development - Long-term Forecast to 2032 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 9, 2024
Automotive Manufacturing, Manufacturing, Automotive, EV, Electric Vehicles, Engineering, Growth, Artificial intelligence, Transport, AI, Outline

The global automotive engineering services market is experiencing significant growth, projected to escalate from $242.52 billion in 2023 to an estimated $267.99 billion in 2024, marking a robust compound annual growth rate (CAGR) of 10.5%.

Key Points: 
  • The global automotive engineering services market is experiencing significant growth, projected to escalate from $242.52 billion in 2023 to an estimated $267.99 billion in 2024, marking a robust compound annual growth rate (CAGR) of 10.5%.
  • Moreover, the market is expected to continue its rapid growth, reaching $396.45 billion by 2028 with a steady CAGR of 10.3%.
  • Several key factors are propelling the expansion of the automotive engineering services market.
  • The Asia-Pacific region was the most significant contributor to the automotive engineering services market in 2023.

nVent's New 2023 Sustainability Report Details Meaningful Progress Across its Focus Areas of People, Products, Planet and Governance

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Construction & Property, Environment, Environmental, Social and Governance (ESG), Engineering, Rail, Automotive Manufacturing, Aerospace, Manufacturing, Transport, Architecture, Other Energy, Telecommunications, Utilities, Oil, Gas, Energy, Data Management, Technology, Retail, Foundation, Sustainability, Building Systems, Supply Chain Management, Professional Services, Philanthropy, Green Technology, Nuclear, Biophysical environment, Electricity, ESG, Gold, Social, Water, NVT, Newsweek, Renewable energy

nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the release of its 2023 Sustainability Report.

Key Points: 
  • nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the release of its 2023 Sustainability Report.
  • The report shares nVent's 2023 achievements in each of its Environmental, Social and Governance (ESG) focus areas of People, Products, Planet and Governance and provides updates on progress towards its ESG goals.
  • Our commitment to sustainability is integral to how we operate, and we took measurable steps to improve our environmental impact in 2023.
  • A full copy of the 2023 Sustainability Report can be downloaded at nVent.com/ESG.

Global Transparent Plastics Market Set to Skyrocket to $189.24 Billion by 2028: Innovations in Recycling and Rise of Electric Vehicles Fuels Demand - Long-term Forecast to 2032 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 9, 2024
Automotive Manufacturing, EV, Electric Vehicles, Consumer Electronics, Automotive, Technology, Manufacturing, Recycling, Green Technology, Environment, Sustainability, Chemicals, Plastics, Polymer, Health, Electronics, Growth, Plastic, Renewable energy

The global transparent plastics market is observing a remarkable growth trajectory and is expected to ascend from $133.79 billion in 2023 to an estimated value of $189.24 billion by 2028.

Key Points: 
  • The global transparent plastics market is observing a remarkable growth trajectory and is expected to ascend from $133.79 billion in 2023 to an estimated value of $189.24 billion by 2028.
  • The surge in consumer electronics production, exemplified by a significant production increase in Japan, signifies another force propelling the transparent plastics market.
  • Companies in the transparent plastics market are increasingly adopting blockchain technology to improve the transparency and efficiency of recycling processes.
  • The transparent plastics market demonstrates robust health and a promising future, encapsulated by progressive innovations and strategic industry movements.

Hybrid Truck Market Global Market Report 2024: Last-Mile Delivery Solutions and Regulatory Support and Emission Standards Shaping the Landscape - Long-term Forecast to 2028 and 2033 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 9, 2024
Alternative Vehicles, Fuels, Automotive Manufacturing, Manufacturing, Automotive, EV, Electric Vehicles, Growth, Public, Light, Transport, Ford, Carbon, City, EPA, Ranger, Ford EcoBoost engine, Ideanomics, Office for National Statistics, Government, Model, Renewable energy

The "Hybrid Truck Market Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Hybrid Truck Market Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
  • Asia-Pacific is expected to be the fastest-growing region in the global hybrid truck market during the forecast period.
  • The regions covered in the hybrid truck market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
  • The countries covered in the hybrid truck market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aeva Expands in Europe with New Automotive Center of Excellence in Germany

Retrieved on: 
Tuesday, April 9, 2024
Technology, General Automotive, Engineering, Robotics, Automotive Manufacturing, Manufacturing, Apps, Applications, Automotive, Vehicle Technology, Autonomous Driving, Vehicles, Other Technology, Software, Other Automotive, Hardware, Research, Original equipment manufacturer, ATG, COE, Perception, Head, Daimler Truck, Senior, Silicon, OEM, Torc Robotics, FMCW, Multimedia, Mercedes-Benz, Automotive industry

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM customers.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it is expanding its presence in Europe with a new Automotive Center of Excellence (COE) in Germany to support its growing momentum with automotive OEM customers.
  • Additionally, autonomous vehicle industry expert Axel Gern has joined the company as Head of Engineering in Germany and will lead the COE.
  • View the full release here: https://www.businesswire.com/news/home/20240409158765/en/
    The COE was created in response to growing interest from the automotive market in Aeva’s unique Frequency Modulated Continuous Wave (FMCW) technology.
  • “He will play a key role in building Aeva’s engineering team in Europe and leading our Automotive Center of Excellence as we ramp up to support our production win with Daimler Truck and support the growing interest and engagements with automotive customers globally.”

Product Development Outlook: Economy, Workforce Overtake Supply Chain Challenges as Key Innovation Roadblocks

Retrieved on: 
Tuesday, April 9, 2024
Electronic Design Automation, Consumer Electronics, Medical Devices, Technology, Other Manufacturing, Engineering, Automotive Manufacturing, Transport, Aerospace, Manufacturing, Logistics, Supply Chain Management, Health, Intelligence, Protolabs, Retail

Protolabs surveyed more than 700 engineers, designers, and product developers across all product development stages, from early prototyping to ongoing production.

Key Points: 
  • Protolabs surveyed more than 700 engineers, designers, and product developers across all product development stages, from early prototyping to ongoing production.
  • “While those challenges are evolving, we are excited to assist product developers as they continue to push the pace of innovation beyond what most thought possible.”
    Respondents made clear today’s product development process is driven by a need for speed.
  • Time-related constraints were mentioned far more than any other challenge influencing product development during the prototyping stage.
  • Survey respondents expect to slowly close the door on pandemic-related product development challenges, namely material shortages and supply chain disruption.

Faraday Future Continues Progress in the Middle East Market with Establishment of a Middle East Sales Entity

Retrieved on: 
Tuesday, April 9, 2024
Alternative Vehicles, Fuels, Technology, EV, Electric Vehicles, Vehicle Technology, Automotive, Automotive Manufacturing, Software, Manufacturing, Internet, Artificial Intelligence, Faraday Future, FF, Multimedia, Marketing, Appetite, Retail

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”) today announced the establishment of a Middle Eastern sales entity in Dubai, signifying an important milestone in the Company’s expansion plans.

Key Points: 
  • Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”) today announced the establishment of a Middle Eastern sales entity in Dubai, signifying an important milestone in the Company’s expansion plans.
  • View the full release here: https://www.businesswire.com/news/home/20240409031919/en/
    Tin Mok, Executive Director and Global Executive Vice President of User Ecosystem at Faraday Future, presents the trade license of FF's Middle East sales entity.
  • Moreover, the Company continues to engage with potential partners in the Middle East to explore opportunities, including strategic financing, business development, and sales and marketing.
  • “The establishment of a sales entity marks a pivotal moment in FF’s journey as we seek to extend our footprint into the Middle East,” said Matthias Aydt, Global CEO of FF.