Hyundai Motor Group plans to invest $50 billion and hire 80,000 employees in South Korea through 2026. Over half the new Hyundai hires — about 44,000 people — will work on electrification, including “large-scale hiring” to build and operate new electric vehicle plants and SDVs.
The company will focus its investments and hiring on electrification, software-defined vehicles, autonomous driving, robotics and advanced air mobility.
Ford Motor Co. is retiming the launch of EVs and expanding its hybrid vehicles offerings as it continues to fine-tune its strategy for next-generation vehicles. The automaker said it will continue to build out an advanced manufacturing system, including greenfield construction and upgrades to its existing assembly plants — while it prepares to produce its next-generation electric vehicles.
Energy prices gained 2% in March, led by coal (+5.9%) and natural gas Europe (+5%).
Non-energy prices increased (+2.2%).
Food prices inched up by 0.6%.
The BMW Group and Tata Technologies, a global product engineering and digital services company, have announced that they have signed an agreement to form a JV with the aim to establish a software and IT development hub with locations in India. The main development and operations activities shall be established at Bangalore and Pune. In Chennai, the focus shall be on business IT solutions. This collaboration between Tata Technologies and BMW Group represents a shared vision of innovation and excellence in automotive engineering and digital solutions.
Flying car startup Pal-V has received an order for 100 of its flying vehicles from Aviterra, a Dubai company that plans to bring the flying vehicles to the Middle East and Africa.
The Pal-V (personal air and land vehicle) vehicle Liberty is certified to drive on public roads and expects its aviation certification this year.
The Pal-V Pioneer Edition is powered by e-fuels and hybrid fuel technologies. Pal-V has different versions of its Liberty flying car, including a sport edition and a pioneer edition, which is highly personalized.
Heilind Electronics, a global leader in connector distribution, and Panduit, a renowned supplier of networking and electronic solutions, will participate in the upcoming Automotive Expo & B2B Meetings, co-located with the Manufacturing Expo in Sibiu, Romania. With a network spanning 40 locations worldwide, including a new facility in Germany, Heilind ensures efficient order processing and offers global "Value-Added Services." Together with Panduit, a provider of innovative electrical and network infrastructure solutions, Heilind will present the latest advancements in electronics, mobile solutions, software development and energy technologies at Automotive Expo.
BMW and NTT DATA have signed an agreement to establish a Joint Venture in Romania. The BMW Group and NTT DATA have been collaborating across a wide array of projects for over 30 years.
The companies announce plans to open a new software development center for software solutions in Cluj-Napoca. This collaboration aims to assist the carmaker in leading the digital transformation.