Day: February 25, 2021

Car industry aims to employ ex-forces personnel with new covenant

The covenant is a “commitment to advocate for recruitment and retention of ex-military personnel”.

The UK car industry has signed a deal that could see more veterans of the armed forces join automotive companies. The covenant signed by the Society of Motor Manufacturers and Traders (SMMT) pledges the organisation’s “commitment to advocate for recruitment and retention of ex-military personnel across the automotive industry”.



a man standing in front of a building: First Customer Bentley Bacalar W12 Engine


© Motor1.com Copyright
First Customer Bentley Bacalar W12 Engine

As part of the scheme, the SMMT has helped its members create “tailored engagement programs”, helping them get through to people from the armed forces. And the organisation has suggested “mapped-out career paths” that translate military skills into qualifications required by the sector.

The move is designed to make the transition from the forces to factories easier for veterans, allowing the car industry to tap into the talents of ex-military personnel. In particular, the SMMT says former military

Read More

Apple Partner Foxconn to Form EV Partnership With Fisker

(Bloomberg) — Foxconn Technology Group will develop an electric vehicle with Fisker Inc., part of the manufacturer’s efforts to boost its automotive capabilities at a time when technology companies including its main customer, Apple Inc., are looking to expand in vehicles.

The car will be built by Foxconn, targeted at multiple markets including North America, Europe, China and India, and sold under the Fisker brand, according to a joint statement from the companies Wednesday. Production is set to start in the fourth quarter of 2023.

Fisker is looking to break new ground with its second planned model. The startup plans to make a vehicle that doesn’t fit into an existing segment, like a sedan or SUV. Its partnership with Foxconn, a Taiwanese smartphone maker which is new to the auto business, is pinned on hopes that the collaboration will bring innovative manufacturing.

“The auto industry is very stale,” company founder

Read More

Apple Supplier Foxconn Teams up With Fisker to Make Electric Vehicles | Technology News

By Akanksha Rana and Ben Klayman

(Reuters) – Electric-car maker Fisker Inc said it will work with Apple Inc supplier Foxconn to produce more than 250,000 vehicles a year beginning in late 2023, sending its shares up 18%.

The deal, codenamed “Project PEAR” (Personal Electric Automotive Revolution), is looking at markets globally, including North America, Europe, China and India, Fisker said.

Foxconn, Apple’s main iPhone maker, has ramped up its interest in electric vehicles (EVs) over the past year or so, announcing deals with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Stellantis NV’s Fiat Chrysler unit.

Sources have said Apple is targeting 2024 to produce a passenger vehicle.

Foxconn aims to provide components or services to 10% of the world’s EVs by 2025 to 2027, Chairman Liu Young-way said in October.

The Taiwan-based company’s approach poses a major threat to established automakers that technology companies

Read More