The world is changing. In the past two years, digital transformation, new technologies and evolving customer expectations have pushed virtually every business into a rapid state of evolution. Few sectors are under more pressure than the automotive industry.For decades, automotive companies have been quick to adopt and explore new digital innovations. After all, consumers are constantly looking for faster, more efficient and safer vehicles. In the past two years, we’ve seen a significant increase in the number of automotive brands experimenting with new fuel sources, autonomous vehicles and artificial intelligence.Now, one of the core technologies driving the new era of…
Author: Automotivedealernews.com
New York, Feb. 22, 2023 (GLOBE NEWSWIRE) — The global Automotive engine oil market it is estimated to increase by a value 2.2% CAGR and arrive at revenue of US$55.1 billion by the end of 2032. The global automotive engine oil market is estimated at USD 43.37 billion as of 2022. The main function of motor oil is to lubricate each component of an engine to reduce friction and prevent excessive loss of power. A well-lubricated engine will run better and burn fuel more efficiently. As engine oil works to reduce friction, the surfaces and other parts of the engine…
Mercedes driver George Russell has suggested that Formula 1 should allow teams to test with two cars in the future so that drivers can accumulate sufficient mileage in their new cars. F1 testing was reduced from six to three days for 2021, with just three days of testing in Bahrain instead of two three-day tests in Barcelona. For 2022, winter testing was extended to six days again, a unique concession so teams could have more time to test their new machinery following a major rule change. But this year, the number of days has been limited to three once again,…
I recently wrote about a thief who obtained the vehicle identification number (VIN) of a Ram owner and cut an unauthorized key to gain easy access to the truck, negating the need to break a window. With a VIN, a thief can obtain a key code and cut a physical key. They shouldn’t be able to, but they do. These codes should only be used at the dealer level or by a licensed locksmith. Although this unauthorized key may not be a smart key, allowing the vehicle to start will unlock the driver’s door.You answered and one suggestion that came…
The European Union cut its gas demand this winter by almost a fifth, exceeding a voluntary target of 15% that was made to help it survive the heating season with much lower Russian flows. Consumption of the bloc between August and January was 19% below the average of the previous five years, according to data published by Eurostat on Tuesday. Finland saw the biggest drop, with usage more than halving, with only Malta and Slovakia increasing demand. The data don’t show how much of the drop was due to high prices or a mild winter, but highlight successful efforts by…
Hyundai Verna (Photo Credits: Hyundai Official Website) New Delhi, February 22: Hyundai kicked off its new launch schedule for this year with the launch of the Ioniq 5 EV at the 2023 Auto Expo, but the year is still young and South Korea’s massive auto industry has plenty of new models up the sleeve.Hyundai Motor India is expected to have up to five more launches slated for this year, in order to maintain the appeal of its fresh lineup and beat tough competition in the market. Let’s take a look at the upcoming Hyundai cars expected in 2023. Honda City…
ReportLinkerSegmented by type (water-based, oil/solvent), by composition (organic, inorganic), by application (power generation, oil and gas refinery, pulp and paper, metal and mining, chemical processing, desalination plant , coolants and lubricants for automobiles). , Automotive fuel), By Region.New York, Feb. 21, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the launch of the “Corrosion Inhibitors Market: Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028” report – https://www.reportlinker.com/p06373095/?utm_source=GNW The global corrosion inhibitors market was valued at USD 8487.86 million in 2022 and is projected to grow at a CAGR rate of 4.11% till 2028, owing to the growing demand from various user…
Image credits: Planet 42Planet42, a South African-based car subscription company that buys used cars from dealers and leases them to customers using a subscription model, has raised $100 million in equity and debt from a wide range of investors. Naspers, through its early-stage investment vehicle Naspers Foundry, co-led the $15 million equity round (the SA-based investor also led Planet42’s earlier $30 million round at the end of 2021) together with ARS Holdings. The capital round welcomed participation from existing and new shareholders, including Rivonia Road Capital; the Los Angeles-based global alternative asset manager provided a $75 million credit facility. Planet42…
Bentley will cease production of its 12-cylinder petrol engine in April 2024, by which time more than 100,000 examples of the iconic W12 will have been handcrafted at the company’s Dream Factory in Crewe, England. The decision is part of Bentley’s acceleration towards a sustainable future through its Beyond100 strategy, which will see the company’s entire model line-up fully electrified by the start of the next decade, reducing average fleet emissions at 0 g/km of CO2.2. This has already begun, with the introduction of the Bentayga and Flying Spur Hybrid models, whose demand is exceeding the company’s expectations. When production…
There are two perspectives that can be taken on the issue, according to Alex Robak, an analyst at global risk intelligence firm Dryad Global. “From one perspective, you can see the general absence of risk; from that perspective, we can easily say that the UK’s North Sea or Canada’s Nova Scotia continental shelf is the safest region for offshore oil and gas operations at this time.” Robak told Rigzone. “From an alternative perspective, we can look at regions where there is a constant presence of risk, but there is an absence of direct threats or incidents. This perspective would point…