24 Dec 2020Automotive
This week in Automotive: Hiring ramps up as OEMs turn focus to electric vehicle design & production
Mergers and Acquisitions
Mahindra First Choice Services strikes deal with TVS company
Mahindra’s multi-brand workshop services, First Choice, will be sold to TVS Automobile Solutions. In return, Mahindra will secure a stake in TVS. Read More>>
Bajaj Auto eyes access to EV tech through KTM share swap
Post this transaction, KTM’s parent company PMAG would acquire Bajaj Auto’s 48% stake, increasing its own stake from 51.7% in KTM AG to 99.7%. Read More>>
Volvo merger talks with Geely to resume in Q1 of next year
The talks were on hold due to Geely’s goal to obtain a listing on Shanghai’s New Star Market, which in turn prohibited them from making any capital structure changes. Read More>>

Executive Movement
Jens Brücker becomes new head of Porsche’s main factory
Prior to joining Porsche, Brücker was most recently responsible for managing the Volkswagen plant in South Africa for Daimler AG. Read More>>
Daimler proposes Pischetsrieder as chairman
Pischetsrieder is a former chief executive of Volkswagen Group and a former board member of rival BMW. Read More>>
Renault adds to NSW network team
Sebastien Bureau joins the team as a Business Manager and has more than 15 years’ experience in the automotive industry across a diverse range of roles. Read More>>
Tata Motors appoints EV expert Mitsuhiko Yamashita
They want to strengthen their EV leadership in the nascent EV market in India. He was previously a Director at Mitsubishi Motors Corp. and at Nissan Motor Co., Ltd. Read More>>

Partnerships
Groupe Renault and Faurecia Clarion Electronics tie-up for multi-brand electronic repairs. 
Through this, Renault will be able to provide its garage and repair partners with access to the repair of more than 1,000 products on 23 vehicle brands. Read More>>
Daimler Trucks North American teams up with Portland General Electric. 
The move will help develop a large public charging site for medium- and heavy-duty commercial vehicles. Read More>>
BMW joins German data-sharing alliance with top technology companies
The platform will enable German automakers and their suppliers to identify production bottlenecks or parts shortages, helping them avoid production outages. Read More>>
General Motors, Nikola partner for Hydrotec fuel cell system in semi-trucks
 GM will provide its Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks. Read More>>

Mass Hiring
Jaguar Land Rover is looking for 300 new apprentices  
The company has unveiled a new engineering degree apprenticeship in partnership with the University of Warwick to develop technical skills and knowledge across engineering. Read More>>
General Motors Hiring for 3,000 Remote Jobs Around the U.S.
The roles are mainly in engineering, design, and information technology. Read More>>
Hyundai Transys adds 678 jobs in Georgia as part of USD 240 Mn expansion
The company plans a 620,000-square-foot West Point plant near its current location on the Kia campus, where it will produce eight-speed transmissions. Read More>>
Mazda Toyota Manufacturing to launch second phase of mass hiring
The positions are direct-hire, full-time positions. The starting wage for production team members is $17/hour with a top growth in wage of $23/hour plus shift premium. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports

Automotive Takes A Quantum Leap The projected impact of quantum computing on the automotive industry in the next ten years is $3 billion. Still in the ‘system phase,’ Quantum Computing has a long way to go. Read how automakers are leveraging talent for Quantum use cases. Read more. 

Automotive Outsourcing Analysis The Top 10 automotive service providers correspond to more than 50% of the total outsourced workforce among key automotive service providers. This report provides a comprehensive overview of outsourcing engagements in the global automobile industry. Read more. 

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