Hyundai Mobis receives 2022 Automotive News PACEpilot

  • Dual Actuator Rear Wheel Steering System where each rear wheel is individually steered

  • The only auto-components supplier in Asia to win the PACEpilot for its unrivaled performance.

  • Advanced steering technology that’s optimized for full-size vehicles including electric vehicles and pickup trucks … expected to increase orders from global automakers.

SEOUL, South Korea, Sept. 20, 2022 /PRNewswire/ — Hyundai Mobis (KRX 012330) was named a 2022 Automotive News PACEpilot Innovation to Watch at the awards ceremony on September 19th. The recognition acknowledges post-pilot, pre-commercial innovations in the automotive and future mobility space.

Hyundai Mobis CI (PRNewsfoto/Hyundai Mobis)

Hyundai Mobis CI (PRNewsfoto/Hyundai Mobis)

Hyundai Mobis was recognized for its Dual Actuator Rear Wheel Steering System. It is an advanced rear wheel steering system, which allows the left and right rear wheels to move independently in different directions with a maximum angle of 10 degrees.

In the traditional way, the single actuator system and the

‘The Car,’ a New Book, Takes a Joyride through Automotive History

Cambridge-educated journalist and author—and Commander of the Order of the British Empire (CBE) recipient—Bryan Appleyard has mainly covered the arts and sciences in his books and articles, so in some ways, he seems unlikely as the writer of a fresh history of the automobile. Yet his new book, The Car: The Rise and Fall of the Machine That Made the Modern World is no ordinary history. Instead, it is a delightfully meandering romp through key milestones in the development of the automobile, and the repercussions that it has wrought—both amazing and horrific.

The Car: The Rise and Fall of the Machine that Made the Modern World

The Car: The Rise and Fall of the Machine that Made the Modern World

The Car: The Rise and Fall of the Machine that Made the Modern World

This simultaneous dichotomy is elemental to the book’s deftness and its allure. I didn’t really realize what the thesis of the book was until several months after I’d written

Ford expects higher Q3 costs, lower earnings

Ford Motor Co., citing inflationary pressures throughout the supply chain, said Monday it expects to end the third quarter with adjusted earnings before interest and taxes of between $1.4 billion and $1.7 billion, down from the $3 billion in adjusted earnings it posted over the same period a year ago.

The company’s latest third-quarter guidance is also below the FactSet consensus analyst estimate of $2.98 billion.

The automaker, however, reaffirmed its full-year guidance of $11.5 billion to $12.5 billion in adjusted EBIT, which would be 15 to 25 percent more than it earned in 2021.

The automaker said that inflation-related supplier costs during the third quarter will run about $1 billion higher than it was originally expected.

It expects to finish the period with between 40,000 to 45,000 unfinished vehicles waiting on parts. Most of those vehicles, it said, will be high-margin trucks and utility vehicles.

Ford finished the second

Automotive and Industrial Goods Expert Heiko Rauscher Joins FTI Consulting as a Senior Managing Director

FTI Consulting, Inc.

FTI Consulting, Inc.

FRANKFURT AM MAIN, Germany, Sept. 21, 2022 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) has expanded its business transformation capabilities with the appointment of Heiko Rauscher as a Senior Managing Director in the firm’s Corporate Finance & Restructuring segment in Frankfurt am Main.

Mr. Rauscher, a business transformation expert with more than 20 years of advisory experience, joins the firm from Oliver Wyman, where he was a partner. He has led complex business transformation projects for entire companies and core functions such as supply chain, production and purchasing. Mr. Rauscher specializes in the automotive and industrial sector and advises original equipment manufacturers and suppliers on international and global assignments. He lived in China for more than a decade and is fluent in Mandarin; whilst there he built and led two management consulting, including Porsche Consulting Ltd. in Shanghai.

“The automotive and manufacturing industries are facing far-reaching

Ford, Hyundai chip away at Tesla’s big EV lead

Meanwhile, Ford and Hyundai Motor Group are battling for the second place in the EV horse race.

Through July, the Ford brand came in second with 27,817 registrations, powered by the Mustang Mach-E, which soared 64 percent.

The arrival of the F-150 Lightning will drive the Blue Oval’s momentum in the second half of the year.

The battery-powered pickup had 2,679 registrations as of July, Experian said.

Hyundai Motor Group represents a formidable new competitor, as it has ambitions to bring four new EVs to the US by the end of next year.

The Hyundai brand’s Ioniq 5 crossover, with 15,322 new registrations, accounted for 3.9 percent share of the US EV market through July, the last full month before its EVs we’re made ineligible for tax credits under the Inflation Reduction Act. And after just six months on the market, the Kia EV6 captured 3.5 percent share, with 13,862