Nidec still attracted to electric autos after temporary dip in permanent magnets July 23, 2020 Electric motor maker Nidec reported a 6.6% year over year drop in sales in Q2 as a result of a halving of its sales to the autos sector. Longer term the firm is still confident in the sector’s growth opportunity with CEO Shigenobu Nagamori stating the firm is ready for a “dramatic shift” to el... Read more →
Briggs & Stratton pays price for COVID-19 as small engine shipments sputter July 23, 2020 Briggs & Stratton has filed for bankruptcy protection and has agreed a sale of its assets to KPS Capital. Among other issues the manufacturer of small-scale engines has suffered a slump in demand due to COVID-19. It’s also had to deal with supply chain challenges due to the rapidly changing la... Read more →
Hummer plans still humming, Tesla set to shock EV components slide May 14, 2020 The development of new electric vehicle models may continue despite the disruptions caused to the automotive industry by the COVID-19 pandemic. General Motors still plans to roll out Hummer and Cadillac models in 2021 while Tesla is reopening its California factory and may announce a new batte... Read more →
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