auto

6abc’s Auto Experience navigates the industry’s trending topics

PHILADELPHIA (WPVI) — Take a ride with the experts in the auto industry during 6abc’s Auto Experience, airing August 26 at 7 pm on 6abc (rebroadcast on August 28; also streaming on the 6abc app).

Karen Rogers and Ducis Rodgers are joined by automotive experts Maria Pacifico and Kevin Mazzucola to navigate the biggest issues impacting the automotive world today.

Experts from Motor Trend, Kelley Blue Book and Edmunds provide insights on the industry’s trending topics, from Covid cars to electric vehicles and how one tiny piece of technology is changing everything for automakers and shoppers.

Automakers persevere through pandemic
The global pandemic has created major challenges for the automotive industry.

Shutdowns have affected manufacturing, forcing some dealerships to close and others to adjust to a new way of selling vehicles.

But nothing has been quite as impactful as the microchip shortage that has halted production on millions of vehicles

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Global Automotive Chip Ecosystem Market Report 2021: Key Issues that Auto OEMs Face Pertaining to Chip Demand and Supply – Vertical Integration as a Long-term Solution | News

DUBLIN, July 26, 2021 /PRNewswire/ — The “The Global Semiconductor Chip Shortage Crisis and Its Effects on the Automotive Industry” report has been added to ResearchAndMarkets.com‘s offering.

This study takes a deep dive into the auto chip ecosystem and the best practices adopted by some OEMs to deal with the crisis; it also recommends risk mitigation strategies to handle future crises.

From an automotive and transportation standpoint, this study provides a global outlook of the ongoing crisis and analyzes its impact on OEMs, Tier I companies, and semiconductor manufacturers.

The rising trend of the electrification of vehicles has increased automakers’ dependency on semiconductor chips, making them a critical component in new-gen cars. Toward the end of 2020, the global shortage of semiconductor chips forced many OEMs to temporarily suspend vehicle production or reduce the working shifts in their factories.

Leading OEMs such as Honda, Toyota, Ford, GM, and

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Shopmonkey Announces $75 Million Series C Funding to Help Auto Shops Meet Increased Demand for Repair Services | State

SAN JOSE, Calif., July 16, 2021 /PRNewswire/ — Shopmonkey, a SaaS company serving the automotive industry, has raised a $75 million Series C. This round of funding was led by previous investors Bessemer Venture Partners and Index Ventures, with participation once again from Headline and I2BF, plus new investor ICONIQ Growth. This funding will empower Shopmonkey to further innovate and grow, while continuing to provide top-quality service to the auto repair industry at a time of increased demand as drivers return to the road post-pandemic.

Auto shops are experiencing one of their busiest summers on record. As pandemic restrictions loosen, more and more drivers are excited to get out of the house and hit the road. With road trips on the rise, and used car sales on a trajectory to hit $1.3 trillion by 2027*, both regularly scheduled maintenance and unexpected repairs are in high demand. “As an

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British auto industry says Gigafactories needed to save jobs

By Yadarisa Shabong

(Reuters) – Britain’s automotive industry called for a binding target for the country to achieve 60 gigawatt hours (GWh) of battery capacity by 2030 or risk losing tens of thousands of jobs.

So far, start-up Britishvolt is the only company to announce a plan to build a British battery plant, which it said will deliver more than 30 GWh capacity by end-2027.

In a report published on Tuesday, the Society of Motor Manufacturers and Traders (SMMT) said that will not be enough to meet growing demand for electric vehicles (EV) as it works towards the government’s plan to ban the sale of new petrol and diesel cars by 2030 and hybrids by 2035.

It examined various scenarios and found total supply under 15 GWh would result in about 90,000 jobs being lost, while a best-case scenario of 80 GWh would result in a gain of 40,000 jobs.

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