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Car dealerships in North America revert to pens and paper after cyberattacks on software provider – ET Auto

Baua Electric

Car dealerships in North America are still wrestling with major disruptions that started last week with cyberattacks on a company whose software is used widely in the auto retail sales sector. CDK serves more than 15,000 retail locations across North America, according to the company. What happened last week?

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Ardian, FiveT Hydrogen launch largest clean hydrogen infrastructure investment platform Hy24; €1.5B for first fund

Green Car Congress

Hy24’s first fund will be set up and managed as an impact fund with the aim to reduce global carbon emissions, in accordance with Article 9 of the SFDR (Sustainable Finance Disclosure Regulation). (An Recent analysis indicates that up to $100 trillion in hydrogen investments will be required to meet net zero goals by 2050.

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Stellantis extends preventive recall to other models over airbag worries – ET Auto

Baua Electric

.” According to its 2023 annual report, the Franco-Italian-American carmaker has set aside 951 million euros to finance the extension of the Takata airbag recall campaign in extended Europe, North America, the Middle East, Africa and the Americas.

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Tesla supplier Piedmont Lithium gets key North Carolina mining permit – ET Auto

Baua Electric

sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain. Piedmont must still obtain a local zoning variance and financing for the project, estimated to cost more than USD 1 billion. Low lithium prices may also hobble Piedmont’s financing attempts, analysts said.

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US Senate panel expands probe into BMW use of parts from banned Chinese supplier – ET Auto

Baua Electric

The chair of the Senate Finance Committee said on Monday he was expanding its probe into German automaker BMW ‘s use of electronic components from a banned Chinese supplier. The report found Bourns Inc, a California-based auto supplier, had sourced components from JWD, which was added to the UFLPA Entity List in December.

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Li-Cycle to cut 17% of staff amid battery recycling growing pains – ET Auto

Baua Electric

Li-Cycle had talked about building similar hubs in Europe, but those plans are on hold until it can prove the model works in North America. The executive in charge of the company’s international operations will leave, as will the company’s finance chief.

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Kolhapur has potential to be auto component mfg hub: Gadkari – ET Auto

Baua Electric

Under a BOT contract, an entity (usually a govt) grants a concession to a private firm to finance, build, and operate a project for a period of up to 30 years, following which the project is returned to the public entity that originally granted the concession. So, we will start exporting energy in the next 10 years,” Gadkari said.

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