GM’s vehicles to use Google’s Dialogflow to enable conversational AI and navigational assistance

Partnerships
Hyundai Motor Group signs MoU with Korea Zinc for Nickel collaboration
The partnership between Korea Zinc and Hyundai Motor Group intends to create a reliable nickel supply chain for the manufacture of electric vehicle batteries by providing a steady supply of processed nickel and battery components. Read More>>
General Motors and Google collaborate on AI solution
Together, General Motors and Google are developing conversational AI solutions to improve GM’s Interactive Virtual Assistant. The collaboration intends to simplify client encounters by assisting with routing and answering questions. Read More>>

Centre Setup and Expansion
BMW Group expands electromobility footprint in Leipzig
The BMW Group is constructing a fifth-generation high-voltage battery logistics facility in Leipzig to support the production of electronic components and electromobility. The 12-hectare facility, which includes an office building, a warehouse, and a loading tunnel, is expected to generate 500 jobs and is in line with BMW’s goal of having one-third of all new vehicles be electric by 2026. Read More>>
Changan Automobile approved to build a factory in Thailand
To address Thailand’s growing EV demand, Changan Automobile has received approval from the BOI of Thailand to invest US$ 250 Mn in a factory that will produce EVs and hybrid vehicles with a capacity of 100,000 units yearly. Read More>>

Merger and Acquisition
RealTruck, Inc. buys Go Rhino
Real Truck buys Go Rhino to broaden its product line and market penetration. The acquisition aims to scale the aftermarket accessories industry, and Rhino will oversee operations in Mexico. Go Rhino offers side steps, running boards, sports bars, hitch steps, bumpers, and items for public safety vehicles. Read More>>

Executive Movements
Mercedes-Benz MY names new CEO and head of SEA region
Amanda Zhang has been named the CEO, President, and Head of Region for Mercedes-Benz Cars SEA II in Malaysia. She has worked for the Mercedes-Benz Group for more than 20 years, serving as CEO of Mercedes-Benz Romania and in executive marketing positions. Bettina Plangger is appointed VP of Marketing and Sales for Malaysia and Southeast Asia. Read More>>
Helmut Zodl is the new CFO of Clarios
Helmut Zodl succeeds John DiBert as Chief Financial Officer, starting on September 1, 2023, under Clarios. Prior positions held by Zodl include Group CFO for Midea and CFO of GE Healthcare. This decision supports Clarios’ prudent financial management and strategic plan for growth and success in the future. Read More>>

Layoff
GM to cut 940K jobs
In October, General Motors plans to close its Chandler, Arizona, data center, which will result in the loss of 940 jobs. To increase productivity and streamline operations, the center’s IT work is being moved to other locations as part of the relocation. Read More>>
BorgWarner to close Indiana manufacturing plant
Due to market-driven changes intended to retain competitiveness, BorgWarner proposes to close its Kokomo facility in Indiana, affecting around 150 employees. The shutdown will happen in two stages starting in October, and those affected will have help finding new jobs. Read More>>

Product Launch
The Audi Q8 e-tron is a major upgrade in the electric SUV range
With the improved electric SUV Q8 e-tron, Audi aims to compete with rivals like Mercedes. It provides luxury, comfort, and cutting-edge technology and boasts a remarkable range of up to 580 kilometers. Read More>>
Suzuki Fronx launched in South Africa with two variants and a bigger engine
In South Africa, Suzuki unveiled the Fronx crossover in GL and GLX versions, each powered by a 1.5-liter gasoline engine with 102 horsepower. A head-up display, a nine-inch touchscreen, and a 360-degree camera are among the features. Fronx provides 1.2-liter and 1.0-liter engine options in India. Read More>>

• Harley-Davidson’s core focus is the design, manufacturing, and marketing of motorcycles. The company produces a wide range of motorcycles, including cruisers, touring bikes, and street bikes, catering to various segments of the market.  
• The company focuses on investing in marketing and advertising campaigns to promote its motorcycles, emphasizing the brand’s heritage, lifestyle, and community.  
• Harley-Davidson focuses on investing in research and development to improve the performance, safety, and technology of its motorcycles, as well as exploring potential electric and alternative fuel options.

Key Funding Alert

Maruti expects to invest INR 45,000 Cr (US$ 5.4 Bn) to double annual capacity to 40 lakh units in 8 years
This expansion is part of the company’s ‘Maruti 3.0’ strategy to add 20 lakh units of production capacity and introduce 28 new models by FY 2030-31. Maruti is adapting to the changing landscape, including electric vehicles, hybrids, and SUVs. Read More>>

Startup Spotlight

Company – PreAct Technologies
Total Funding – USD 46.99 Mn
About: PreAct Technologies aims to bridge the gap between collision avoidance systems and active safety technology. Their Portland-based firm leverages existing vehicle infrastructure to predict and prepare both a vehicle and its occupants for an imminent collision. Read More>>

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