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Fancy A Career In The Automotive Industry?

Article source: https://www.pistonheads.com/news/general-news/fancy-a-career-in-the-automotive-industry/36487

Used car ‘time bomb’ complicates auto industry transformation, new report says

The historic transformation of the automobile industry will generate billions to trillions of dollars for companies and investors. But for traditional automakers, the road ahead will be bumpy, risky and expensive.

That’s the assessment of consulting firm AlixPartners, which released an extensive report Wednesday that uses market research and consumer surveys to lay out some of the major challenges facing automakers — with some interesting findings about Tesla.

The report includes a near-term industry outlook with a darker forecast for U.S. auto sales than most other prognosticators have put forth.

Record-high vehicle sales in 2016 will dive 13% from 2017 through 2019, the firm predicted — to 15.2 million vehicles from 17.5 million — in what it calls a cyclical but ill-timed downturn made worse by a “used car time bomb” as hundreds of thousands of vehicles come off lease all at once.

DA: Human remains found in search of 4 missing Pennsylvania men

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DA: Human remains found in search of 4 missing Pennsylvania men. (CBS)

DA: Human remains found in search of 4 missing Pennsylvania men. (CBS)

Nobel laureate and Chinese dissident Liu Xiaobo dies at 61

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When Liu won the Nobel Peace Prize in 2010, the committee saluted his “long and nonviolent struggle for fundamental human rights in China.” (July 13, 2017)

When Liu won the Nobel Peace Prize in 2010, the committee saluted his “long and nonviolent struggle for fundamental human rights in China.” (July 13, 2017)

Federal appeals court appears doubtful monkey can sue

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A federal district judge in San Francisco decided last year that the monkey lacked standing to sue. (July 13, 2017) (Sign up for our free video newsletter here http://bit.ly/2n6VKPR)

A federal district judge in San Francisco decided last year that the monkey lacked standing to sue. (July 13, 2017) (Sign up for our free video newsletter here http://bit.ly/2n6VKPR)

Investigation reveals details on beloved Yellowstone grizzly bear killing

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A new report shows that a grizzly bear named Scarface, a Yellowstone celebrity, was shot twice at close range by an elk hunter who told officials that he encountered the bear in the dark woods and feared for his life.

A new report shows that a grizzly bear named Scarface, a Yellowstone celebrity, was shot twice at close range by an elk hunter who told officials that he encountered the bear in the dark woods and feared for his life.

russ.mitchell@latimes.com

Twitter: @russ1mitchell

ALSO

Older Hondas and newer Toyotas are among the country’s most-stolen vehicles

If you drive a Ford, Nissan or Mazda, your air bag might be dangerous

Tesla expands its service operations as Model 3 starts rolling out

Article source: http://www.latimes.com/business/autos/la-fi-hy-alixpartners-auto-industry-20170712-story.html

Germany Asked To Use Afghanistan’s Lithium In Automotive Industry

President Ashraf Ghani in a meeting with German President Frank-Walter Steinmeier at the Presidential Palace on Thursday discussed Afghanistan’s security, peace and economy.

The German president arrived in Kabul with a high ranking delegation on Thursday. 

Pointing to the importance of Afghanistan’s mineral resources, Ghani suggested that German automobile companies should use the country’s lithium in their automotive industry, a press release issued by the Presidential Palace said. 

“Afghanistan’s mineral resources requires proper management. The quality of Helmand’s lithium is very high and it can be used in the automotive industry,” Ghani said.

In response to this, the German president said they will work on the use of Afghanistan’s lithium by Dutch companies.

He said Germany will continue its support to different sectors in Afghanistan.

Steinmeier said his country supports the Afghan peace talks process adding that he met with German troops in Balkh where they said the Afghan forces are becoming more capable. 

Ghani said the Afghan government continues its efforts to bring basic reforms particularly in the ministries of interior and defense. 

He said the ministries will be made professional and apolitical.

The two sides also discussed the upcoming parliamentary elections. 

He welcomed Germany’s technical support to the process and said the elections will be held in a transparent environment.

Article source: http://www.tolonews.com/business/germany-asked-use-afghanistan%E2%80%99s-lithium-automotive-industry

Experts: Scrapped Electric Car Plant May Mean Industry Woes

An electric car Relevant Products/Services maker deserted its plan to construct a $1 billion manufacturing plant in southern Nevada in a move experts say could spell trouble for the company and the broader niche electric automobile industry.

The decision to scrap the plant was due to a shift in business strategy, Faraday Future Chief Financial Officer Stefan Krause said Monday. The Gardena, California-based company said in a statement that it will look for an existing facility to produce its electric vehicles in California or Nevada.

Faraday Future halted work on the project outside Las Vegas last November, at the time calling the stoppage a “temporary adjustment” that would not affect plans to begin production in 2018. It sunk more than $120 million into the project.

“It can be somewhat hard to believe that a company that was so aggressively spending money and moving things forward in their claimed goals will suddenly change direction and still get to where they want to get to,” said Karl Brauer, executive publisher at Autotrader and Kelley Blue Book. “You kind of don’t know — is this just an adjustment or is there going to be a freefall here?”

He and others who closely watch the industry said the decision comes amid several industry changes that could drastically affect companies like Faraday and Tesla that offer uniquely all-electric lineups. Established car companies are releasing more electric options and it’s unclear whether President Donald Trump’s administration will continue tax breaks that incentivize the industry and motivate buyers.

“I think the next 12 months are going to be very telling,” Brauer said. “It could drastically change the look of the electric car industry.”

Faraday’s announcement came days after reports that a Shanghai court froze more than $180 million in assets belonging to one of the company’s biggest backers, tech billionaire Jia Yueting. The company said that Jia’s financial problems were not related to the decision.

Jia stepped down last week from the helm of the publicly traded arm of LeEco, the Beijing-based conglomerate he founded over a decade ago. At the same time, he reaffirmed his commitment to Faraday Future.

The company is attempting an exceptionally expensive feat – one that Tesla has not pulled off, Autotrader executive analyst Michelle Krebs said.

“Tesla has sold vehicles, but it’s not made any money, and that whole segment is not doing particularly well,” Krebs said. “You’ve got an industry that is capital-intensive and you’ve got an electric-vehicle market that is kind of shaky, so those two things probably are at play.”

With electric vehicles in particular, she said, there’s no sign that there will be a big payoff anytime soon, “there’s just never enough cash.”

Thousands of jobs had been anticipated to come with the construction and launch of the proposed plant on a 900-acre site at the Apex Industrial Park in North Las Vegas.

State Treasurer Dan Schwartz, a critic of the project, blamed state officials for giving false hope that the plant “would magically create 4,500 jobs.”

Nevada had pledged $335 million in incentives to the company but had not yet spent any taxpayer money on the project, according to Steve Hill, director of the Governor’s Office of Economic Development.

The state, recognizing both the opportunity and risk of the endeavor, required the company to invest at least $1 billion before it received the tax breaks and infrastructure improvements approved by lawmakers in 2015, Hill said.

“The history of this industry is littered with grand startups that never came true,” Brauer said. “Faraday has all the earmarks of one of those companies that promises you the world but doesn’t necessarily deliver it.”

Article source: http://www.toptechnews.com/article/index.php?story_id=0300028FEJRU

Environmental Policies in India and Their Impact on the Automotive Industry 2017 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “Environmental
Policies in India and Their Impact on the Automotive Industry”

report has been added to Research and Markets’ offering.

This research service focuses on the various political and legislative
measures that have been taken by the Indian Government to implement and
adopt new green schemes and monitoring services. It provides an in-depth
analysis of the various legislative measures taken by the current Union
Government to impose new regulations and also the outcomes of adopting
green technologies.

Various policies such as the Smart City Project and urban transport and
domestic policies are being implemented by the government to enhance the
ambient air quality in urban and rural areas. The study identifies
cities that have surpassed the air quality standards and also points out
key legislative measures that have been adopted by the state government
to impose regulations. By 2025, India targets 25% GDP growth along with
the green policies that would help in enhancing the livelihood of its
citizens. Social awareness campaigns have been supported by the
government to implement these green policies in urban and rural areas.

Key drivers of these policies are Non-Governmental Organisations (NGOs)
that help in educating citizens and adoption of policies nationwide.
This growth is also expected to be propelled by favourable government
policies, increasing incentives, and falling prices due to industrial
growth. The base year of the study is 2016 and the forecast period is
2017-2025. Extensive analysis, which covers future market trends, is
done in the study. The study concludes with a growth opportunity section
that identifies the sectors that would benefit from the green policies
that the Union Government is imposing. Public and private sectors will
influence foreign investors to implement these projects in India; this
could pave the way for new business models to come into India.

Key Topics Covered:

1. Executive Summary

2. Political Analysis and Green Scheme Implementation – Current
Political Will, Drive, and Measures to Address Air Quality Issue

3. Environmental Positioning of India

4. Legislative – Current and Future Regulations

5. Social Awareness Levels – Public Forums, Social Media Interests, and
NGO Initiatives

6. Growth Opportunities and Companies to Action

For more information about this report visit https://www.researchandmarkets.com/research/kqx68r/environmental

Article source: http://www.businesswire.com/news/home/20170712005811/en/Environmental-Policies-India-Impact-Automotive-Industry-2017

Fancy A Career In The Automotive Industry? | PistonHeads

Article source: https://www.pistonheads.com/news/general-news/fancy-a-career-in-the-automotive-industry/36487

Australia’s most popular cars to cost $5000 more under ‘carbon tax’, industry claims

The Turnbull government is considering new hardline carbon-emission rules so tough it may cause the price of Australia’s most popular cars to soar by thousands of dollars, according to a leading automobile industry body.

Under standards slammed by car sellers as “unrealistic and ill-considered”, the government proposes to dramatically increase within eight years the cost of selling high-CO2 emitting petrol vehicles to help Australia meet its Paris climate change commitments.

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A forest fire in southern Spain has forced the evacuation of 1000 people and is threatening a national park famous for its biodiversity.

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A new global study says deadly heat waves will grow in frequency, intensity and duration, affecting 75 per cent of the world’s population if greenhouse emissions are not reduced.

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Whales arrive in Port Phillip Bay

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Two large whales are filmed playing alongside a Williamstown Water Police vessel on Friday, just two kilometres from the CBD. It’s believed the whales could be southern right or humpback whales migrating north for the winter.

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Politicians from all sides have been very willing to share their thoughts on climate policy and the government’s plan for a clean energy target.

This is a beat up: Frydenberg

Any plans for a carbon tax on cars is as likely as Elvis making a comeback according to Energy and Environment minister Josh Frydenberg.

If the changes proposed by the government go ahead, widely popular car models including the Toyota Hilux, Corolla, Hyundai i30 and Ford Ranger – would fall well afoul of the rules, which aim to slash the average national fleet emissions, the lobby group says.

Preliminary estimates by automobile industry experts forecasted popular models of cars could increase by more than $5000.

The Federal Chamber of Automotive Industries told The Australian Financial Review after 18 months of talks with the federal government over the issue it was “hugely disappointed” with the proposed standard.

The chamber said in a statement to Fairfax Media it would “severely impact on the work, utility and lifestyle options of Australian consumers” by adding thousands of dollars to the current price of common light commercial or medium-sized SUVs.

The Australian Financial Review reported industry sources are also angrily warning the government’s proposed model is potentially even more stringent than planned European standards because it won’t allow car makers to engage in any form of broader carbon credit exchange to offset sales of cars that fall above the new threshold.

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The Department of Infrastructure and Regional Development proposes a four-year phase-in period starting in 2022, when 65 per cent of car sales would need to meet the target, rising to 100 per cent by 2025.

A department spokesman said the government had not made a decision on how or when fuel efficiency standards might be implemented.

“The [department] released the proposed model for consultation only, and welcomes any stakeholder feedback,” he said.

The federal government has been contacted for comment.

Article source: http://www.smh.com.au/business/australias-most-popular-cars-to-costs-5000-more-under-carbon-tax-industry-claims-20170711-gx9bx2.html

Italian business interested in Belarus’ dairy, automotive industry

MINSK, 11 July (BelTA) – Italian businessmen are showing interest in Belarus’ dairy and automotive manufacturing, Ambassador Extraordinary and Plenipotentiary of Belarus to Italy Alexander Guryanov told the media on 11 July, BelTA has learned.

According to the diplomat, Belarus and Italy are working on the implementation of joint projects. “Certain progress has been achieved in some projects in Minsk and other regions with Italian participation. They are largely related to dairy products processing. We are now working on the projects on Minsk wastewater facilities. There is interest in Belarus’ automotive manufacturing, too,” the ambassador added.

According to him, there are almost 200 companies with Italian participation registered in Belarus. This number grows every year. The cooperation with Belarus is starting to draw the interest of Italy’s small and medium-sized business, as well as large Italian companies and banks.


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Article source: http://eng.belta.by/economics/view/italian-business-interested-in-belarus-dairy-automotive-industry-103244-2017/

Semtech Ramps Production of Load Switches for the Automotive Industry

New FemtoSwitch™ specifically used for new smart-keys in vehicles to preserve battery life

CAMARILLO, Calif., July 11, 2017 (GLOBE NEWSWIRE) — Semtech Corporation (NASDAQ:SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced the availability of a new load switch in its FemtoSwitch™ product family. The new ultra-low-Ron (32mΩ) load-switch is critical in improving power performance by maintaining a negligible voltage drop when the switch is turned on.


New addition to FemtoSwitch that markets to the automotive industry.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f5848f2e-e697-4298-8c0f-fb3f9b40d4c8

The new addition extends Semtech’s FemtoSwitch family of high-performance analog load switch ICs with the automotive qualified capability. It offers a very low Quiescent Current (1uA) and Shutdown Current (300nA), ideal for preserving the battery life of certain products such as automotive smart-keys. For higher reliability, the electrostatic discharge (ESD) capability has been hardened to 4kV which is beyond the industry standard.

“Consumers are demanding more ease and functionalities in their products including smart-keys,” said Francois Ricodeau, Product Line Manager for Semtech’s Power and High-Reliability Products Group. “By adding the new automotive qualification to FemtoSwitch, Semtech is positioned to meet the industry and consumer trends and demands.”

Key Features of the New FemtoSwitch

  • Automotive AEC-Q100 (Grade 3) qualified
  • Provides extremely low turned-on resistance
  • 2A continuous output current
  • Over temperature protection
  • Hardened ESD protection
  • Ultra-small 0.9 x 0.9 mm package

Pricing and Availability
The ultra-low-Ron load switch (SKU: SC33020HQ) are available immediately in production quantities and are priced at $0.61 each in 1,000-piece lots. Semtech offers comprehensive design assistance, including field- and factory-based support. Datasheets, volume pricing, and delivery quotes, as well as evaluation kits and samples, are available at http://www.semtech.com/apps/form_request/.

About Semtech’s FemtoSwitch Products
Semtech offers high-performance analog load switches with industry-leading performance to control power to downstream systems. The extremely low RDS(on) of Semtech’s FemtoSwitch products translates to minimal power loss for any gated power supply rail. The FemtoSwitch platform is designed for superior reliability and ruggedness to ensure long operating life through the harshest environments and operating conditions possible.

Resources

About Semtech
Semtech Corporation is a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for high-end consumer, enterprise computing, communications, and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.  

Forward-Looking and Cautionary Statements
All statements contained herein that are not statements of historical fact, including statements that use the words “positioned to,” “designed for,” “designed to,” or other similar words or expressions, that describe Semtech Corporation’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in Semtech Corporation’s annual and quarterly reports, and in other documents or reports, filed with the Securities and Exchange Commission (www.sec.gov) including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” Semtech Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

Semtech and the Semtech logo are registered trademarks or service marks, and FemtoSwitch is a trademark or service mark, of Semtech Corporation or its affiliates.

SMTC-P

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Ronda Grech
Semtech Corporation
(805) 480-2193
rgrech@semtech.com


Source: Semtech Corporation

Article source: http://www.nasdaq.com/press-release/semtech-ramps-production-of-load-switches-for-the-automotive-industry-20170711-00433

Tesla Model 3 will be the iPhone of the automotive industry, says Apple analyst






Gene Munster, Loup Ventures cofounder, has equated the Model 3’s potential impact on the automotive industry to the iPhone’s effect on technology.

He said the Model 3 will “advance us to a new paradigm in transportation, car ownership, ride hailing, city development and energy usage,” according to TheStreet.

Munster also went as far as to compare Tesla to Amazon in an interview with CNBC, saying the core mission of Tesla will drive it through the current turbulence. He cited how skeptics underestimated Amazon when it was a mere book website, missing the grand vision of the company that allowed it and Jeff Bezos to become major players in the tech and sales industries.

It is certainly high praise from Munster, who is credited for his accurate predictions on Apple’s progress in the tech world.

But with the release of the Model 3 comes a pivotal point for Elon Musk: if the roll out goes off without a hitch, it could affirm confidence in both investors and consumers alike. With the emergence of turbulent stock news, wobbling quarterly profits and looming office harassment disputes, a botched roll out could be another major challenge for the company.

According to news.com.au, each Tesla release has required at least one recall — the Roadster for wiring, the Model X for parking brakes, and the Model S for seatbelts and airbags. While these recalls may not have been a deadly blow to Tesla at the time, Musk’s projections for the volume of the Model 3 means that something like a recall could become a major issue for the company.

In addition to the pressures of a perfect release, competition has heated up for Tesla with Volvo’s announcement earlier this week to produce 1 million electrified vehicles by 2025. While Musk — a proponent for sustainability whose actions are in part aimed at driving the entire industry forward — may invite this kind of jockeying, Tesla still needs to make money in order to keep leading the electric revolution.  

So as Musk sits on one of the biggest phases in his company’s plan, Tesla’s future hangs in the balance. It’s clear that two camps are emerging: the Munsters of the world, who rest on the bedrock of Tesla’s mission, and the skeptics, who point to faltering stock prices and logistical mountains as Tesla’s plight.

As the world pushes toward electrified vehicles, carbonless energy and automotive efficiency, all eyes will be on Tesla — the driver of a sustainable future who some say could end up finishing last.

Tesla Model 3 will be the iPhone of the automotive industry, says Apple analyst



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