2023-08-02
Here are five recent news stories related to the auto parts industry:
Auto parts manufacturer Bosch has announced plans to invest €1 billion in a new semiconductor plant in Germany. The plant will produce chips for use in vehicles, as well as for other industries such as healthcare and manufacturing.
Auto parts supplier Magna International has partnered with electric vehicle startup Fisker to develop and manufacture a new electric SUV. The vehicle is expected to launch in 2022 and will feature advanced technology and a range of up to 300 miles.
Auto parts retailer AutoZone has reported strong sales growth in its latest quarterly earnings report, driven by increased demand for car spare parts and accessories. The company has also announced plans to open new stores and expand its online presence.
Auto parts manufacturer Denso has developed a new thermal management system for electric vehicles that uses a heat pump to improve energy efficiency and reduce range anxiety. The system is designed to provide efficient heating and cooling in all weather conditions.
Auto parts supplier Continental has announced plans to restructure its business to focus on electric vehicle technology and other emerging areas. The company will split into two divisions, one focused on rubber and the other on automotive technology, to better position itself for future growth.
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