Apr 27, 2021
Almost half a century after founding his pioneering motor maker on the family farm, Japanese billionaire Shigenobu Nagamori is handing over leadership of Nidec Corp. to a former Nissan Motor Co. executive to lead an ambitious pivot into the electric-vehicle space.
Jun Seki will take over from Nagamori as chief executive officer, the Kyoto-based company said last week as it announced better-than-projected annual results. The leadership change, which comes a little over a year after Seki’s move from Nissan, will be finalized when Nidec’s board meets June 22. Nagamori, who founded Nidec in a shack in 1973, will remain chairman.
Billionaire founder of Nidec hands reins to ex-Nissan star japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.
Tuesday, April 13, 2021
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.
Key developments
LMC Automotive raised its forecast for U.S. light vehicle sales to
16.6 million units for full year 2021, while noting an increased risk of production disruptions stemming from parts shortages.
Due to the semiconductor shortage,
GM and
traditional two-week summer shutdown has been
canceled for the majority of Ford’s U.S. plants.
U.S. fleet sales were down by 28% for Q1 2021 compared to the same period last year, according to Cox Automotive.
New-vehicle inventories fell to 2.4 million units industrywide for the U.S. in March, representing a decline of 37% from March 2020.
Chicago Assembly Plant; and the Transit van side of
Kansas City Assembly in Missouri; the automaker will also reduce output at its Ohio Assembly plant. Ford’s
Dearborn Truck Plant produces the
highly profitable F-150 pickup truck.
GM will roll out a new navigation system, Maps+, beginning April 30 through over-the-air updates available on approximately 900,000 vehicles as an upgrade from GM’s OnStar navigation product. Maps+ will have Alexa Built-in1 voice control. The automaker first announced in 2019 that it would partner with Amazon to make the Alexa voice assistant available for download in select 2018 model year vehicles.
Connected/Autonomous Vehicles and Mobility Services
Huawei To Invest $1 Billion Into EVs And Autonomous Car Technologies carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.