Manufacturing

Credit: Jamesteohart/Shutterstock Concept: Germany’s software engineering company GFT and British core banking startup Thought Machine has launched cloud-based virtual banking solution BankLite. The solution can help clients to create and deploy a cloud-based digital bank quickly. Nature of Disruption: BankLite is a fully modular system designed around Thought Machine’s cloud-native core banking engine, Vault, and […]

Valeo has reported third-quarter sales down 10% to EUR3.96bn (US$4.6bn). “I’d like to thank all of the Valeo teams who worked hard to supply all of our customers without the slightest interruption, despite the semiconductor shortage and to continuously adapt our production facilities to the extreme volatility of automaker programmes,” said Valeo chairman and CEO,

Valeo has reported third-quarter sales down 10% to EUR3.96bn (US$4.6bn). “I’d like to thank all of the Valeo teams who worked hard to supply all of our customers without the slightest interruption, despite the semiconductor shortage and to continuously adapt our production facilities to the extreme volatility of automaker programmes,” said Valeo chairman and CEO,

The 7,799 commercial vehicles produced in the UK during September was a “modest increase” of 1.8% on 2020 but output remained 8.1% below the five-year average for the month, the Society of Motor Manufacturers and Traders (SMMT) said. Exports fell 12.4% but output for the domestic market increased by 27.3%. Year to date production remained

‘UK Auto’ factories produced 138,059 engines in September 2021, a decline of 36.3% year on year. Output for both domestic and export markets fell 42% to 49,013 and 32.6%  to 89,046 respectively. Year to date, engine manufacturing fell 2.8% to 1,278,117 units compared to 2020 and remained 33.9% below the five year average. Mike Hawes,

The transition to electric mobility has started impacting the employment structure in the automotive industry as a slew of OEMs and component suppliers have announced planned cuts to their employment numbers due to the shift to electrification. European OEMs are the most proactive on this front. Outside Europe an almost equally gloomy picture is painted. Employment

Höegh Autoliners says companies have delivered a Call to Action for Shipping Decarbonisation to the UK presidency of COP26 at the Global Maritime Forum Annual Summit in London. The Call urges world leaders to take action to align shipping with the Paris Agreement temperature goal. The Call to Action is backed by more than 200

Daimler unit sales in Q3 2021 fell 25% year on year to 577,800 vehicles (Q3 2020: 772,700) due mainly to global supply constraints. Group revenue was flat at EUR40.1bn (EUR40.3bn) but group EBIT rose to EUR3,579m (EUR3,070m). Adjusted EBIT was also up at EUR3,611m (EUR3,479m) as was net profit of EUR2,573m (EUR2,158m). “Despite considerably lower

Adopting a common engineering software platform and dataset that integrates with CAD allows the battery and BIW teams to work seamlessly together and speak in a common “design language” from initial concept to detailed design, to manufacture. Cars have become difficult to live without, whether you love them with a passion or view them merely

Gefco has posted half-year revenue up 25.6% to EUR2.2bn (US$2.6bn). “I’m very pleased with GEFCO’s H1 2021 financial results, which confirm the Group’s agility and the strength of our asset-light business model,” said Gefco chairman, Luc Nadal. “We grew our finished vehicle business significantly with automotive customers, our Air & Sea division accelerated its portfolio