Amsterdam, July 15 – TomTom, the renowned expert in location technology, has announced the cancellation of its previously set revenue target for 2025 amidst subdued demand in the automotive sector. The company has also revised its earnings outlook for the current year downward, citing significant impacts from sluggish demand in the new car market on its automotive location technology business. The cancellation of the 2025 revenue target comes as a notable setback for TomTom, which had aimed to achieve €600 million in revenue from its location technology business by 2025. Additionally, the company anticipates that its sales for 2024 will likely fall at the lower end of the previously […]
According to foreign media reports, the commercial vehicle manufacturer MAN (MAN Truck & Bus) has announced the launch of an assistance system: the intelligent MAN SafeStop Assist for intercity buses and coaches, which will help prevent such accidents in the future. In the event of an emergency, the active intervention system automatically brings the vehicle to a safe stop. The basis for this is the complex interaction of several highly developed assistance systems. The scenario is frightening: the bus driver suddenly collapses and loses control of the vehicle. “It is not uncommon for drivers to suddenly become unable to […]
Brembo, the global leader in braking systems, has announced a further investment in advanced connected mobility solutions with the acquisition of a partial stake in Spoke Safety, a US start-up focused on developing digital communication technologies for use between vehicles and the road ecosystem, according to a media report. With this investment, Brembo will continue to enhance its expertise in software and cloud connectivity to enable digital innovation in its solutions. The company’s goal is to drive communication between braking systems and other grid-connected elements in the surrounding environment. Daniele Schillaci, CEO of Brembo, […]
As electric vehicles (EVs) continue to gain popularity globally, a significant shortage of qualified EV technicians has emerged. According to recent reports, this shortage is not only affecting automotive manufacturers and service centers but also having a detrimental impact on consumer after-sales service. Experts highlight that the complex electric systems and powertrain of EVs require skilled professionals who can proficiently handle these new technologies. Regions particularly affected by this issue include North America and Europe, where efforts are underway within the automotive repair industry to train more EV technicians to meet the growing demand in the EV market. Some automakers have actively engaged in this challenge by introducing specialized […]
Vietnamese automaker VinFast said the opening of its electric car plant in the US state of North Carolina will be delayed by three years, to 2028 from 2025 as originally planned, Bloomberg reported. In a statement, VinFast said the decision would allow it to “more effectively” manage short-term expenditures and focus its resources on short-term growth targets. minimise risk more effectively”. Bloomberg reports that the company’s decision will create new challenges for it as a global brand. In its annual outlook for electric vehicles, Bloomberg New Energy […]
The 14th China Automotive Forum (CAF), hosted by China Association of Automobile Manufacturers (CAAM), was held from 11th to 13th July, 2024 in Jiading, Shanghai. With the theme of “Leading New Changes, Winning New Future”, the Forum set up a number of meetings and supporting activities such as the “Closed Door Summit, General Assembly Forum, more than 10 thematic forums, 9 major releases, and thematic tours”, aiming to unite the strength of all parties, form a consensus on development, and guide the future direction. The aim is to gather the strength of all parties, form a development consensus, guide the future direction, and promote […]