The drive toward zero emissions is challenging suppliers to reduce the weight of every component. Grupo Antolin CEO Jesus Pascual is working to keep pace with that trend while protecting the supplier's bottom line despite facing tougher cost-cutting demands from automakers and the chip shortage.
Stellantis plans to go to one production line from two at its assembly plant in Melfi, southern Italy, but will still have capacity to produce about 400,000 vehicles a year, according to Italian unions. That output level would top the plant's peak of 393,000 units assembled in 2015.
To remain competitive, Brembo Executive Deputy Chairman Matteo Tiraboschi says the company has to grow through aquistions in key areas, but he has given up on his goal of doubling annual revenue to 5 billion euros. He outlined his new plan in an interview with Automotive News Europe.
While the choice of Benedetto Vigna, a man who has spent his career working in microelectronics, might seem an odd fit for Ferrari, he will bring key software/hardware competences to the automaker as it moves into the electrification and digitalization era.
Plug-in hybrids are selling well, particularly in large European markets where generous government incentives slash the cars' high starting prices. But green groups call them "fake electrics." We did a test to determine how environmentally friend plug-in hybrids are.