04 Feb 2021Automotive
This week in Automotive: Tesla inks deal with Dalhousie University to advance battery technology
Partnerships
IOTA’s Mat Yarger hints at the Jaguar Land Rover partnership 
IOTA announced the IOTA Access’s launch, an open-source framework that builds access control systems. It enables car owners to access and use their cars remotely. IOTA has worked with Jaguar Land Rover on an IoT smart wallet project, a partner on this project, alongside STMicroelectronics, NTT DATA Romania, RIDDLE&CODE, and numerous others. Read More>>
LG & Magna Partner to make e-motors, inverters & on-board chargers 
The JV was announced to manufacture e-motors, inverters & on-board chargers for certain automakers, related e-drive systems to support the growing global shift toward vehicle electrification. It enables the companies to grow their electric powertrain product offerings by leveraging existing technologies, engineering capabilities, and global footprints. Read More>>
Tesla and Dalhousie University ink new research partnership deal 
Tesla is renewing its industrial research partnership with the Jeff Dahn lab at Dalhousie University for a second five-year term, with preeminent lithium-ion battery scientist Dahn still at the helm. Scientist Jeff Dahn believes that it will help Tesla develop batteries. Read More>>
Fiat Chrysler Automobiles partners with Wipro to establish a digital hub 
This global digital hub will support FCA’s information and communication technology operations to focus on delivering premium mobility services and help FCA achieve its goal to enhance customer centricity through digital transformation. Read More>>
EVgo partners with BMW 
EVgo will expand its network of electric charges. A new program will allow BMW drivers to locate and use the chargers through an app. BMW owners or lessees will also receive USD 100 in credit towards the usage of the charging stations. Read More>>
Air mobility startup Archer teams up with Fiat Chrysler 
The partnership will likely lower its purchasing cost and accelerate the launch of an electric ‘flying car,’ or vertical take-off and landing (eVTOL) aircraft. It will give Archer access to Fiat Chrysler’s low-cost supply chain, advanced composite material capabilities, engineering, and design experience. Read More>>
Constellium and Groupe Renault partner on an R&D project for sustainable automotive aluminum solutions 
The partnership will include ESI Group, Institut de Soudure (Welding Institute), and the University of Lorraine to develop lightweight, recyclable, and cost-efficient aluminum solutions for the market. Project ISA3 aims to lightweight vehicles by accelerating automakers’ transition from steel to aluminum. The project will focus on alloys and solutions that enable closed-loop recycling. Read More>>
Merger and Acquisition
Evertz to acquire Studer’s strategic assets from Harman 
Evertz will invest with the aim of developing next-generation products to meet broadcast customers’ needs while creating synergies between its current product suite and the Studer product environment. Read More>>
Fiat Chrysler and PSA Group merges into Stellantis 
The new company will operate under the ticker symbol “STLA.” The merger will add EUR 25 Bn for shareholders and the anticipated cost savings of around EUR 5 Bn without closing any plants. Additional savings could come from optimizing logistics, parts sales, supply chains, and quality. Read More>>
E.V. startup Faraday Future could go public via a deal with a SPAC 
After talks with a special-purpose acquisition company (SPAC), Property Solutions Acquisition, for a merger, they seek to raise USD 400 Mn to make the deal. Faraday Future wowed audiences with the futuristic concept vehicle. Read More>>
Executive Movement
Ken Ramirez joins Hyundai Motor in North America 
Ken began in 1992 as a senior manager at Motorola. He had been Project Director in North America and Nissan Mexico’s Director of Planning and Planning . Read More>>
Thomas Ulbrich will be appointed member of the board of management for Mobility at Volkswagen passenger cars 
Following the successful entry of the first MEB-based vehicles, the board-level management’s functions in the electric mobility managed by Thomas Ulbrich, will be transferred back to the respective divisions’ areas of responsibility. Read More>>
Former J.P. Executive Claire McDonough appointed CFO at Rivian 
This will be her first foray in the auto industry despite decades of finance experience. Rivian has been building its leadership team as the company’s first vehicle; the battery-powered R1T pickup nears production. Read More>>
Former Pendragon CEO Trevor Finn joins Hedin Group as firm buys Ford of Sweden 
Swedish automotive group Hedin has acquired all of Ford Motor Company’s shares in its Swedish subsidiary, Ford Motor Company AB. Read More>>
Volkswagen South Africa appoints Steffen Knapp as the new head 
Steffen Knapp will replace Martina Biene. Steffen Knapp, who originates from Germany, joins the South African team from Volkswagen India, where he developed a successful turnaround strategy for the brand. Read More>>
Initial Public Offering 
Proterra to become a publicly listed company
The EV company announced the intention to go public through a merger transaction with ArcLight Clean Transition Corp., a publicly-traded special purpose acquisition company (SPAC). The company works on battery technology and electrification solution. Read More>>
Lucid Motors aims to go public via SPAC deal 
Lucid Motors aims to go public through a merger with a special purpose acquisition company belonging to investor Micheal Klein. Lucid targets the luxury end of the market as Tesla did in the early days. Read More>>
Layoff Signals
Mahindra cuts 50% of its USA workforce 
As per reports, the layoffs have resulted from a legal issue and the ongoing Covid-19 pandemic. These include engineers, sales executives, and plant workers. Read More>>
Navistar will sell Illinois facility, lay off 250 workers 
Navistar laid off 170 employees in 2018 in Melrose Park when it stopped making engines there. The company’s need for engine testing declined as it has reduced engine manufacturing amid the trucking industry’s transition to alternative fuel drivetrains. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports
Forest River account intelligence report  Forest River RV produces recreational vehicles, pontoons, park models, buses, cargo trailers, and commercial trucks. They also design and produce travel, lightweight, destination trailers, and hybrid and popup cameras. A subsidiary of Berkshire Hathway and controlled by Warren Buffett, they made USD 2.45 Bn in 2019. Read more 
Bajaj Auto account intelligence report  Bajaj Auto is well known for its R&D. It has a portfolio of 2-wheeler and 3-wheelers. Their automotive business segment and related services generated 95% of the revenue. Its automation reduced pre-processing time of crankshaft dynamics and durability simulation for their cranks, resulting in a 90% reduction of process time and 100%-time reduction in human involvement. Read more 
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