The Automotive Council has published a report on the rising value of the UK’s automotive supply chain.
Findings show that there has been a 5% increase in UK content in cars between 2011 and 2015, meaning that 41% of the content in cars is made at home.
US regulators say Volkswagen is facing possible massive fines for fitting software which deceives emission tests.
Volkswagen faces penalties up to £11.58 billion pounds after being accused of designing software for diesel cars that deceives regulators measuring toxic emissions, the U.S. Environmental Protection Agency said
German automakers Volkswagen, Daimler and Porsche see an opportunity in the influx of refugees pouring across the country’s borders to fix their looming labor shortage.
Daimler CEO Dieter Zetsche said that absorbing as many as 1 million migrants this year, while a “herculean task,” holds the promise of laying the foundation for another economic upswing similar to the country’s postwar boom in the 1950s and 1960s.
VW has teamed with insurer Allianz, medical company Bayer and chemicals producer BASF to sell information-technology security services to companies in Germany starting next year.
The venture will help companies in Germany to identify cyber risks and repel cyber attacks, the companies said and measures will include an early-warning system and security audits to review corporate information security.
Renault-Nissan CEO Carlos Ghosn said aggressive hiring of auto industry executives by software companies shows how vital it is for new players to understand manufacturing and vehicle design.
The increased use of computing power in vehicles has sparked fears that carmakers could suffer the same fate as some computer manufacturers and they become dependent on outside companies to write an operating system.