Valeo, a world leader in mobility technologies, and Dassault Systèmes announced their partnership. Valeo will rely on Dassault Systèmes’ “Global Modular Platform” and “Smart, Safe & Connected” industry solution experiences based on the 3DEXPERIENCE platform to accelerate the digital transformation of the Group’s research and development activities.
Valeo will deploy Dassault Systèmes’ 3DEXPERIENCE platform to optimize the development of new technologies for safer and more sustainable mobility.
HORSE, a global leader in innovative and low emissions powertrain systems, started the manufacturing and assembly of its highly efficient 1.2-litre, 3-cylinder gasoline engine (HR12) at its plant in Mioveni, Romania. The most efficient engine among the HORSE product portfolio and the most powerful produced at HORSE Romania, the HR12 is used in several vehicles, including hybrids. The beginning of production in Mioveni supplements HORSE’s global capacity for the HR12 engine, with engines produced in Romania to be installed in new Dacia Duster models.
Ford started mass production of the new all-electric Ford Explorer at its first dedicated electric vehicle (EV) facility in Europe following a $2 billion investment that has transformed a historic plant into a factory of the future.
The all-electric Ford Explorer, the first vehicle off the production line in the new Ford Cologne Electric Vehicle Center, is on its way to customers in Europe.
Ford’s new EV Center is a key element of Ford’s Road to Better plan targeting carbon neutrality across its European production footprint by 2035.
Rivian Automotive and Volkswagen Group have announced their intention to form an equally controlled and owned joint venture (JV) to create next-generation electrical architecture and best-in-class software technology. They intend to produce next generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles.
Volkswagen Group will invest an initial $1 billion in Rivian, with up to $4 billion in planned additional investment for a total expected deal size of $5 billion.
Continental announced the start of work on the new production module in Sibiu, the seventh, with a planned investment of over 45 million euros. The future Module 7 of Continental Sibiu will have an area of over 15,000 square meters. Of this, 6,500 sqm are allocated to the production area, and the rest is related to the logistics area, the office area, and other additional spaces.
Completion of the new module is planned for the end of next year, while production will begin in the spring of 2026.
Energy prices declined 6.4% in May, led by crude oil (-7.5%). Non-energy prices changed little, as a group.
Food prices gained by 1.3%. Raw materials inched up by 0.2%, while beverages contracted 13.8%.
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