Automotive industry

Global Fasteners Market Analysis 2024: A US$116.59 Billion Market by 2029, Featuring Key Vendors Parker-Hannifin, Honeywell, Penn Engineering & Manufacturing, AF Fasteners, Eagle Fastener and More - ResearchAndMarkets.com

Retrieved on: 
Monday, April 8, 2024
Engineering, Machine Tools, Metalworking & Metallurgy, Manufacturing, Nut, Growth, Construction, Original equipment manufacturer, Steel, Application, International, Alloy, MRO, Research, Metal, Boeing, Metallic, Corrosion, Textron, Housing, Aircraft, Aluminium, Automotive industry, Bombardier, Nail

In 2023, the global fasteners market was valued at US$89.43 billion, and is forecast to reach US$116.59 billion by 2029.

Key Points: 
  • In 2023, the global fasteners market was valued at US$89.43 billion, and is forecast to reach US$116.59 billion by 2029.
  • The global fasteners market value is projected to grow at a CAGR of 4.52%, during the forecast period of 2024-2029.
  • Furthermore, technological advancements and innovations also influence the industrial fasteners market Also, the focus on sustainability and environmental considerations is impacting the fasteners market.
  • Trends: One of the most distinct and pervasive trends observed in the global fasteners market is globalization and international trade.

Infineon and Amkor Deepen Partnership and Strengthen European Supply Chain for Semiconductor Solutions

Retrieved on: 
Monday, April 8, 2024
Professional Services, Semiconductor, Consumer Electronics, Technology, Other Technology, Outsourcing Business, Hardware, Amkor Technology, Partnership, Internet of things, Automotive industry, Engineering

With this long-term agreement, Infineon and Amkor further strengthen their partnership, extending the classical outsourced semiconductor assembly and test (OSAT) business model.

Key Points: 
  • With this long-term agreement, Infineon and Amkor further strengthen their partnership, extending the classical outsourced semiconductor assembly and test (OSAT) business model.
  • The cooperation further strengthens the European semiconductor supply chain and contributes to making it more resilient – especially for automotive customers.
  • “Infineon and Amkor are jointly increasing geographical resilience and supply security for our customers.
  • This collaboration represents another milestone for both companies in enhancing supply chain resiliency for advanced products supporting Automotive & Industrial end markets.”

Snow-Capped Adventure: Project Catamount Brings Skiing Excitement to Upstate Washington!

Retrieved on: 
Tuesday, April 9, 2024
GM, CarPlay, Silver, Range Rover Classic, Tablet, Cougar, Defender, Land Rover, Adventure, USB, HERE, Safety, Summit, ECD, HP, Bluetooth, Automotive industry

Project Catamount takes on its newest adventure as it plows through the snowy ski slopes in Snoqualmie Pass, Washington.

Key Points: 
  • Project Catamount takes on its newest adventure as it plows through the snowy ski slopes in Snoqualmie Pass, Washington.
  • Like many ECD vehicles, Project Catamount was built to take on diverse driving conditions, while doing it in style.
  • Powered by a robust Chevrolet LT1 V8 engine and coupled with an 8-Speed automatic transmission, it can take on diverse terrains with ease.
  • Although Project Catamount is a classic, it is also packed with all the modern amenities to enhance the driving experience.

BizzyCar Unveils Inaugural Recall Report: Q1 2024 Highlights Surge in Vehicle Recalls with More than 9 Million Recalls Issued

Retrieved on: 
Tuesday, April 9, 2024
Tesla, Inc., Safety, NHTSA, Recall, USDOT, Original equipment manufacturer, Ford, Automotive industry

Tesla Inc. topped the list with over 2.4 million vehicles affected, primarily due to electrical system issues.

Key Points: 
  • Tesla Inc. topped the list with over 2.4 million vehicles affected, primarily due to electrical system issues.
  • The recall data reveals a volatile trend in the automotive industry, with a noticeable uptick in the number of vehicles affected by recalls.
  • In Q1 2024, the United States saw a sharp rise in vehicle recalls, according to analysis by BizzyCar using data from the NHTSA and USDOT.
  • This surge underscores the magnitude of the issue and emphasizes the potential safety risks for millions of American vehicle owners.

Model Based Enterprise Market worth $27.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, April 8, 2024
Component, Device, PLC, HCLTech, Metal, Investment, Manufacturing execution system, Mobile robot, Distributed control system, PTC, PAM, Statistics, User interface, SCADA, Machine vision, 3D, Dassault Group, Ansys, Organization, Industrial internet of things, SAP, NX, Digital twin, CATIA, Automotive industry, HMI, Autodesk, MBE, Transport, Occupational safety and health, MES, Industrial, Condition monitoring

Solutions include designing, processing, and management software associated with the model based enterprise.

Key Points: 
  • Solutions include designing, processing, and management software associated with the model based enterprise.
  • This new feature of SOLIDWORKS software would allow users to shift their focus from 2D detailing to 3D annotations and 3D views.
  • North America is expected to hold a significant market share of the model based enterprise industry during the forecast period.
  • The key players in the model based enterprise industry include Siemens (Germany), PTC (US), Dassault Systèmes (France), SAP (Germany), Autodesk Inc. (US), HCL Technologies Limited (India), Oracle (US) and others.

Model Based Enterprise Market worth $27.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, April 8, 2024
Component, Device, PLC, HCLTech, Metal, Investment, Manufacturing execution system, Mobile robot, Distributed control system, PTC, PAM, Statistics, User interface, SCADA, Machine vision, 3D, Dassault Group, Ansys, Organization, Industrial internet of things, SAP, NX, Digital twin, CATIA, Automotive industry, HMI, Autodesk, MBE, Transport, Occupational safety and health, MES, Industrial, Condition monitoring

Solutions include designing, processing, and management software associated with the model based enterprise.

Key Points: 
  • Solutions include designing, processing, and management software associated with the model based enterprise.
  • This new feature of SOLIDWORKS software would allow users to shift their focus from 2D detailing to 3D annotations and 3D views.
  • North America is expected to hold a significant market share of the model based enterprise industry during the forecast period.
  • The key players in the model based enterprise industry include Siemens (Germany), PTC (US), Dassault Systèmes (France), SAP (Germany), Autodesk Inc. (US), HCL Technologies Limited (India), Oracle (US) and others.

Cerence Engages First Automaker Customers for CaLLM™, Its Pioneering Automotive Large Language Model

Retrieved on: 
Thursday, March 21, 2024
Original equipment manufacturer, Blog, Transport, AI, Life, CRNC, LLM, Safety, CES, Automotive industry, Data, Cryptocurrency

BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence’s next-generation in-car computing platform.

Key Points: 
  • BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence’s next-generation in-car computing platform.
  • Cerence is working with three major global automakers as the first customers for its NVIDIA technology-powered solution.
  • Unveiled at CES 2024 , CaLLM™ brings the future of the integrated in-car experience to life.
  • CaLLM™ is distinctly able to provide a full, end-to-end solution supporting automotive functions, features, and requirements and is deeply customizable for automakers through training, fine-tuning, and bespoke applications.

DVCon U.S. 2024 Announces Stuart Sutherland Best Paper & Best Poster Winners & Conference Highlights

Retrieved on: 
Tuesday, March 19, 2024
Shift, Infineon Technologies, Algorithm, Conference, Nvidia, UVM, Lens, PSS, Working Group, DoubleTree, Verification, Ford Motor Company, Human, Formal, Accellera, Functional, Texas Instruments, Exhibition, Paper, Cadence Design Systems, Poster, AMD, Automotive industry

The 2024 Best Paper and Poster winners, as voted on by attendees, were announced during a reception in the exhibit hall on March 6.

Key Points: 
  • The 2024 Best Paper and Poster winners, as voted on by attendees, were announced during a reception in the exhibit hall on March 6.
  • Overall attendance for DVCon U.S. 2024 was approximately 975, including attendees from 25 exhibiting companies.
  • “It was really an exciting time to be back at DVCon U.S.,” stated Tom Fitzpatrick, DVCon U.S. 2024 General Chair.
  • For the second consecutive year, the Poster Ninja Warrior Session determined the Stuart Sutherland Best Poster Award winners.

C.K. McWhorter Endows Porsche With Prestigious McWhorter Family Trust Warrant, Elevating its Current ESG Status in the World of Automotive Excellence

Retrieved on: 
Thursday, March 14, 2024
Commitment, Single-family, Ambassador, Incorporation, Acquisition, Security (finance), SFO, Investment, Collection, Engineering, Automotive industry

This momentous union underscores the McWhorter family's unwavering commitment to the pursuit of automotive innovation, precision engineering, and unparalleled performance.

Key Points: 
  • This momentous union underscores the McWhorter family's unwavering commitment to the pursuit of automotive innovation, precision engineering, and unparalleled performance.
  • The Incorporation of Porsche into the McWhorter Family Trust’s Investment Portfolio:
    The inclusion of Porsche into the esteemed roster of the McWhorter Family Trust’s investments signifies a deliberate expansion of the family’s prestigious asset portfolio.
  • McWhorter, masterfully steering the intricate structures of the Single Family Office (SFO), has strategically executed a significant, yet discreet, acquisition of Porsche.
  • "Endowing Porsche with the role of Ambassador within our McWhorter Family Trust's luxury assets portfolio is a testament to our dedication to celebrating automotive excellence and technological innovation.

Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks in the European markets

Retrieved on: 
Thursday, March 14, 2024
Hyundai Motor Company, Partnership, EXM, Fuel cell vehicle, Hyundai, IVG, International Motor Show Germany, LOI, IVECO, Iveco, Transport, Automotive industry

Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.

Key Points: 
  • Hyundai Motor Company and Iveco Group (EXM: IVG) are strengthening their partnership to drive innovation in the commercial vehicle sector.
  • Today the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a facing view towards electric heavy-duty truck solutions, including both battery electric trucks and fuel cell electric trucks, for European markets.
  • Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved a series of significant milestones.
  • Notably, in September 2022, they unveiled the first IVECO eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover.