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☆ Chrysler-parent urges 276,000 U.S. owners to stop driving after air bag deaths
▼ + stars: | 2022-11-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 3 (Reuters) - Chrysler-parent Stellantis (STLA.MI) is urged owners of 276,000 older U.S. vehicles to immediately stop driving after three crash deaths tied to faulty Takata air bag inflators were reported in the last seven months. Stellantis said replacement driver-side air bags have been available for the vehicles subject to the stop driving notice since 2015. More than 30 deaths worldwide and hundreds of injuries in various automakers' vehicles are linked to Takata air bag inflators that can explode, unleashing metal shrapnel inside cars and trucks. Stellantis said a Takata air bag was suspected in a third death. Last year, the NHTSA opened a probe into 30 million vehicles built by nearly two dozen automakers that have potentially defective Takata air bag inflators.

☆ Chrysler-parent air bag crash deaths prompt U.S. alert
▼ + stars: | 2022-11-03 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 3 (Reuters) - Chrysler-parent Stellantis (STLA.MI) on Thursday urged owners of 276,000 older U.S. vehicles to immediately stop driving after three crash deaths tied to faulty Takata air bag inflators were reported in the last seven months. Stellantis said replacement driver-side air bags have been available for the vehicles subject to the stop driving notice since 2015. Stellantis said a Takata air bag was suspected in a recent third death also in a 2010 Charger. There have been more than 400 U.S. injuries reported tied to Takata air bags. Last year, NHTSA opened a probe into 30 million vehicles built by nearly two dozen automakers that have potentially defective Takata air bag inflators.

☆ Toyota profit to rise but eyes will be on its shaky supply chain, EV strategy
▼ + stars: | 2022-10-31 | by ( Satoshi Sugiyama | ) www.reuters.com time to read: +3 min

TOKYO, Oct 31 (Reuters) - Toyota Motor Corp (7203.T) is expected to report a small quarterly profit increase on Tuesday, with soaring costs of parts and materials nearly offsetting the benefits from the plunging Japanese yen and a rebound in production. Toyota warned earlier this month that it is unlikely to meet its 9.7 million vehicle production goal for this financial year due to a scarcity of chips. It will be the first profit increase in three quarters and mark a big improvement from a sharper-than-expected 42% plunge in June quarter profit, partly helped by the yen which has further extended its loss. Toyota estimated in August material cost for the full year to be 1.7 trillion yen, a 17% increase. Just a year into its $38 billion EV plan, Toyota is already considering rebooting it to better compete in a market growing beyond its projections, Reuters reported this month.

☆ Yellen touts U.S. battery investments in election battleground Ohio
▼ + stars: | 2022-10-27 | by ( David Lawder | ) www.reuters.com time to read: +2 min

CLEVELAND, Oct 27 (Reuters) - U.S. Treasury Secretary Janet Yellen hailed the beginnings of a Midwest "Battery Belt" on Thursday as a result of the Biden administration's investments in clean energy, infrastructure and semiconductors. "Since January of last year, companies have announced over $100 billion in EV, battery, and charging investments here in America," Yellen said, citing plans for a $4.4 billion battery plant in central Ohio announced earlier this month by Honda Motor Co and LG Energy Solution . "The wave of new battery investments in the Midwest has been so significant that some commentators are dubbing the region as the new 'Battery Belt,'" Yellen said. Yellen also said that bill provides bonus incentives that will encourage investments in low-income communities and cities and sectors that have seen chronic disinvestment and job losses. "This is a place-based investment strategy designed to broaden economic opportunity across all communities," Yellen said.

Oct 21 (Reuters) - Garden equipment and tools maker Husqvarna (HUSQb.ST) on Friday reported third-quarter operating profit well below market expectations, and said it would restructure its business and cut 1,000 jobs. The Swedish company reported a 40% drop in its quarterly operating profit to 555 million Swedish crowns ($49.1 million), down from 926 million crowns a year earlier and below the 644.2 million crowns expected by analysts in a Refinitiv poll. Register now for FREE unlimited access to Reuters.com Register"Price increases compensated for higher raw material and logistics costs. However, lower volumes and higher costs related to supply chain disturbances had a negative impact," Husqvarna said. Husqvarna said the "vast majority" of the job cuts were related to the shift from petrol to battery-powered tools.

☆ Honda Motorcycles & Scooters India to launch flexi-fuel model by end-2024
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: 1 min

Employees work on an assembly line of Honda Motorcycles & Scootesr India at Vithalapur town in the western state of Gujarat, India, February 17, 2016. REUTERS/Amit Dave/File PhotoNEW DELHI, Oct 19 (Reuters) - Honda Motorcycles and Scooters India plans to launch a flexi-fuel model of motorcycle in India by end-2024, the company's CEO said on Wednesday. "Our internal target is minimum, one model, the first model of flexi-fuel motorcycle to be launched by end-2024," Atsushi Ogata, chief executive officer of Honda Motorcycles and Scooters India said at the International Conference on Biofuels in New Delhi. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mohi Narayan, Writing by Tanvi Mehta; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Hyundai to break ground on $5.5 billion Georgia plant this month
▼ + stars: | 2022-10-14 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 14 (Reuters) - South Korea's Hyundai Motor Co (005380.KS) said Friday it will break ground this month on a $5.5 billion electric vehicle and battery plant in the United States. Hyundai plans to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units. The groundbreaking comes amid anger from Korea and the European Union over U.S. electric vehicle tax policy. The law made about 70% of EVs immediately ineligible for the tax credits of up to $7,500 per vehicle. Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles (EVs), South Korea said earlier this month.

Sony Honda Mobility said on Thursday it was aiming to deliver the first of the unnamed EV by 2026, starting in the United States, and will sell them online. Honda has about 1,100 Honda dealers and 270 Acura dealers. "I get teaming up with Sony, but it should be done in conjunction with the dealer network, not outside it," he added. Sony Honda officials promised the vehicle - to be built at one of Honda's Ohio plants - will include advanced driver-assist features and a new software system developed by Sony that offers cloud-connected services that generate recurring revenue. Sony Honda officials declined to say under what brand the vehicle will be sold.

☆ Battery maker Envision AESC seeking potential investors to fund expansion-CEO
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +3 min

ZAMA, Japan, Oct 14 (Reuters) - Chinese renewable energy group Envision's battery business is seeking potential investors, as it looks to fund a planned 30-fold expansion in its battery production capacity for electric vehicles (EV), the unit's chief executive said. Envision AESC has also said it plans to supply batteries for Honda Motor Co (7267.T) and Mercedes-Benz (MBGn.DE). The company hopes to break into the top-tier EV supply rankings by leveraging its more than a decade of battery production experience. Matsumoto said the company is aiming to expand its share in the global EV battery market by roughly five times to about 15% by 2025 or 2026. Solid-state battery technology involves a high-capacity energy storage device that improves on lithium-ion batteries, replacing the liquid or gel-form electrolyte with a solid, conductive material.

TOKYO, Oct 13 (Reuters) - A joint venture set up by Japan's Sony Group Corp (6758.T) and Honda Motor (7267.T) is aiming to deliver its first electric vehicles by 2026 and will sell them online, starting in the United States and Japan. The update from the joint venture, Sony Honda Mobility, is the first since the two companies launched the project in June. Sony will provide the software system for the new car, from the onboard controllers to cloud-based services that will connect with entertainment and payment systems. The still-to-be named EV will likely be manufactured by Honda at one of its plants in Ohio. The new EV will be delivered to the Japanese market in the second half of 2026.

☆ Sony, Honda mobility venture to deliver new EV to U.S. in spring of 2026
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Oct 13 (Reuters) - A joint venture set up by Japan's Sony Group Corp (6758.T) and Honda Motor (7267.T) will deliver electric vehicles (EV) to the U.S. market in the spring of 2026, a top executive said on Thursday. The new EV will be delivered to the Japanese market in the second half of 2026, said Yasuhide Mizuno, the joint venture's chairman and chief executive, and a senior Honda executive. The two companies officially agreed to the equally owned joint venture, Sony Honda Mobility, in June, with each of them investing 5 billion yen ($34.05 million) in the new venture. Honda is under pressure from investors to make cars that are carbon-free and equipped with newer technology such as self-driving features. Like its bigger rival Toyota Motor (7203.T), it has been slow to shift its fleet to electric, offering only one EV known as Honda e.($1 = 146.8300 yen)Register now for FREE unlimited access to Reuters.com RegisterReporting by Satoshi Sugiyama; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Honda, LG Ohio investments to receive $71 mln state tax credit
▼ + stars: | 2022-10-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - The state of Ohio said on Wednesday it plans to provide $71.3 million in tax credits for a new Honda Motor Co Ltd (7267.T) and LG Energy Solution (373220.KS) joint venture battery plant. Honda separately is investing $700 million and adding 300 jobs to retool three Ohio plants to build EVs and parts. The Ohio Department of Development said the 30-year Job Creation Tax Credit is performance-based and the company must fulfill its job creation and payroll commitments to receive the credit. It's not clear what local tax incentives the investments will receive. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Shepardson; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Honda to build JV U.S. battery plant, retool Ohio plants
▼ + stars: | 2022-10-11 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Athit PerawongmethaWASHINGTON, Oct 11 (Reuters) - Honda Motor Co Ltd (7267.T) and LG Energy Solution (373220.KS) on Tuesday announced Ohio as the site of their planned $4.4 billion joint-venture battery plant. Honda will separately invest $700 million to retool three Ohio plants and add 300 new jobs, as it seeks higher electric- vehicle production. The plant is the latest in a string of battery plants announced as automakers race to shift gas-powered production to electric vehicles. President Joe Biden praised the Honda-LG announcement, saying the companies were "committing more than $5 billion toward electric vehicle battery manufacturing and factory retooling across the state." Honda plans to begin production and sales of EVs in North America in 2026, based on its new Honda e:Architecture.

☆ Honda, LG to locate $4.4 billion battery plant in Ohio
▼ + stars: | 2022-10-11 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit PerawongmethaWASHINGTON, Oct 11 (Reuters) - Honda Motor (7267.T) and LG Energy Solution (373220.KS) said on Tuesday they will build a new joint venture $4.4 billion battery plant in Ohio. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. The joint venture is pending regulatory approvals. That announcement expanded on plans for GM to begin building two electric SUVs for Honda starting in 2024 - the Honda Prologue and an Acura model.

☆ Honda is spending $3.5 billion to build a battery factory in Ohio
▼ + stars: | 2022-10-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Honda and South Korean battery maker LG Energy Solutions are investing $3.5 billion to build a joint venture battery factory in southern Ohio, the car company said Tuesday. Construction on the battery plant is expected to begin early next year and should be completed by the end of 2024. At the Marysville plant, battery cells from the Fayette County battery factory will be installed in the battery cases made in Anna. The Marysville factory opened in 1982 and was Honda’s first auto factory in the United States. Honda now has 18 factories producing Honda and Acura vehicles in the United States.

☆ Honda's new $4.4 billion EV battery plant will be built in Ohio
▼ + stars: | 2022-10-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

An employee inspects the door of a 2018 Honda Accord vehicle during production at the Honda of America Manufacturing Inc. Marysville Auto Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017. Honda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for electric vehicles will be located in Ohio. The battery plant is expected to cost $3.5 billion, with overall investment by the unnamed joint venture eventually reaching $4.4 billion, the companies said. Honda and LGES announced plans for the joint venture and battery plant last year, but had not revealed a location. In addition to the new battery plant, Honda on Tuesday said it plans to invest $700 million to retool several of its existing auto and powertrain plants for production of EVs.

☆ How Amazon acquires companies, and what makes it want to buy a firm 'right now'
▼ + stars: | 2022-10-11 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

For starters, the company is hosting its second major sale event of the year, its two-day Prime Early Access Sale. Prime members can expect to get some holiday shopping knocked out with deals on everything from Amazon devices to kitchen tools. The e-commerce giant has been on a shopping spree this year, snapping up companies from One Medical to iRobot. As Amazon reaches hundreds of billions of dollars in sales, it needs to move beyond its traditional retail and cloud businesses. The Prime Early Access Sale starts today and will continue until tomorrow, offering early access to holiday deals.

☆ BlackBerry takes a knock as cybersecurity revenue drop clouds automotive demand
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

A sign is displayed on the building Blackberry's offices in Waterloo, Ontario, Canada, May 29, 2018. The company said in an earnings call that cybersecurity segment revenue in the third quarter is expected to be flat year-on-year. BlackBerry's QNX software is now embedded in over 215 million vehicles worldwide, helped by surging demand for electric vehicles and connected-car technologies. read moreTotal revenue fell 4% to $168 million for the quarter ended Aug. 31, compared with a consensus estimate of $166.7 million, according to IBES data from Refinitiv. Excluding items, the company posted a loss of 5 cents per share, narrower than analysts' expectations of loss of 7 cents.

☆ BlackBerry beats quarterly revenue estimates
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Canada's BlackBerry Ltd (BB.TO), beat analysts' estimates for second-quarter revenue on Tuesday, powered by demand for its QNX automotive software from automakers betting on more connected vehicles. BlackBerry's QNX software is now embedded in over 215 million vehicles worldwide, it said, helped by surging demand for electric vehicles and connected-car technologies. Sales in the Internet of things (IoT) unit, which includes the QNX software, rose about 28% to $51 million in the reported quarter. Revenue fell 4% to $168 million for the quarter ended Aug. 31. The company's net loss narrowed to $54 million, or 10 cents per share, in the three-month period, from a loss of $144 million, or 25 cents per share, a year earlier.

☆ Elon Musk faces skeptics as Tesla gets ready to unveil ‘Optimus’ robot
▼ + stars: | 2022-09-20 | by ( ) www.nbcnews.com time to read: +5 min

Humanoid robots have been in development for decades by Honda Motor Co and Hyundai Motor‘s Boston Dynamics unit. And it’s the same way with humanoid robots to some extent,” the lead of NASA’s Dexterous Robotics Team, Shaun Azimi, told Reuters. Musk acknowledged that humanoid robots do not have enough intelligence to navigate the real world without being explicitly instructed. But he said Tesla can leverage its expertise in AI and key components to develop and produce smart, yet less expensive, humanoid robots at scale. Jonathan Hurst, chief technology officer at Agility Robotics, a humanoid robot firm founded in 2015 said the technology “is right now starting to turn the corner.”“Certainly, an important measure of success is do they make money from it,” he told Reuters, referring to Tesla’s humanoid robot efforts.

☆ Elon Musk faces skeptics as Tesla gets ready to unveil 'Optimus' robot
▼ + stars: | 2022-09-20 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +6 min

A humanoid robot developed by Tesla, known as Tesla Bot or Optimus, is shown in a frame grab from the live video of Tesla's AI Day streamed on August 20, 2022. Humanoid robots have been in development for decades by Honda Motor Co (7267.T) and Hyundai Motor Co (005380.KS)'s Boston Dynamics unit. And it's the same way with humanoid robots to some extent," the lead of NASA's Dexterous Robotics Team, Shaun Azimi, told Reuters. Musk acknowledged that humanoid robots do not have enough intelligence to navigate the real world without being explicitly instructed. "Certainly, an important measure of success is do they make money from it," he told Reuters, referring to Tesla's humanoid robot efforts.

☆ Factbox: The challenges automakers, and now Tesla, face with humanoid robots
▼ + stars: | 2022-09-20 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

A "Tesla Bot" humanoid robot prototype is seen in this undated handout image. GM-NASAFrom 2007 to 2012, General Motors (GM.N) and NASA joined hands to develop humanoid robots, R2, for assembly and space exploration. NASA said its current focus is the development of next-generation humanoid robots that can be used on the lunar surface and eventually on Mars. HYUNDAI MOTOR-BOSTON DYNAMICSBoston Dynamics created internet buzz with videos of its humanoid robots running, jumping, backflipping and dancing. FORD-AGILITY ROBOTICSIn 2020, Ford (F.N) bought two humanoid robots, Digit, from Agility Robotics, to test the delivery of a package to doorstop from a delivery vehicle.

Honda Motor este primul producător auto din lume care va începe să vândă o mașină cu un sistem avansat de pilotare semi automatizată, de nivel trei! Sistemul de conducere autonomă de nivel 3, aşa cum este clasificat de SAE (Societatea inginerilor auto), încă înseamnă că automatizarea lucrurilor este condiționată! El poate, de exemplu, să scrie mesaje sau să vizioneze un clip video în timp ce automobilul rulează singur. Citește continuarea pe AutoBlog.MDPentru a fi la curent cu cele mai importante știri te așteptăm pe Telegram . Pentru reportaje video și emisiuni ne găsești pe Youtube , pentru fotografii și stories vino pe Instagram , iar pe Tik Tok îți oferim o doză de amuzament

Organizations: Honda, Honda Legend, Transporturilor Locations: Japonia

☆ Şocul provocat de Brexit începe să afecteze industria auto din Marea Britanie
▼ + stars: | 2018-02-18 | by ( ) www.jurnal.md time to read: +1 min

O uniune vamală, pe care guvernul a exclus-o, ar elimina o parte din fricţiunile din viitoarele relaţii comerciale. Costul asamblării unui automobil în Marea Britanie ar putea creşte cu 2.372 de lire sterline (3.337 dolari), potrivit unui scenariu în care ar fi impuse taxe vamale de 10%, potrivit estimărilor firmei PA Consulting din Londra. Cel mai probabil este ca Honda Motor şi Toyota Motor să închidă fabrici, pentru că cei doi producători japonezi exportă cea mai mare parte a automobilelor fabricate în Marea Britanie. Companiile străine nu vor rămâne ”dacă operaţiunile din Marea Britanie nu vor fi profitabile”, a declarat la începutul acestei luni ambasadoul Japoniei în Marea Britanie, Koji Tsuruoka. Chiar lângă fabrica Haguar din Halewood, un bărbat a declarat că a votat pentru Brexit pentru că muncitorii care au migrat din alte state europene au dus la scăderea salariilor.

Persons: Brexit Organizations: BMW, Consulting, Honda Motor, Toyota Locations: Oxford, Franţa, Hams Hall, Birmingham, Steyr, Austria, Europa, Londra, Japoniei, Halewood

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