Global Scans · Automotive · Weekly Summary

• A £2 billion investment in the automotive sector is a boon to a crucial manufacturing arm of the UK and will help secure the gigafactories that will be the backbone of the UK's burgeoning battery industry, which will deliver growth and green, high quality jobs. New Civil Engineer
• A £2bn investment in the automotive sector is a boon to a crucial manufacturing arm of the UK and will help secure the gigafactories that will be the backbone of the UK's burgeoning battery industry, which will deliver growth and green, high-quality jobs. Edie
• 14% of jobs in manufacturing and automotive industries will be lost due to automation technologies, including AI, over the following five years. Financial Times
• The EV industry is a critical industry for Britain's future and if we fail to act now, we risk creating a gigagap that threatens the jobs of 160,000 people working in the UK automotive industry. transportandenergy
• Cementing Canada's place in electric vehicle battery manufacturing will pay dividends now and in the future by creating good well-paying jobs and enabling growth in related industries like critical minerals mining and processing, battery components, and parts and automotive manufacturing. Electrical Business
• Investing in electric vehicle battery manufacturing is expected to create well-paying jobs and enable growth in related industries like critical minerals mining and processing, battery components, and parts and automotive manufacturing, the Canadian government says. Energy Monitor
• The Competition Commission Guidelines for the automotive aftermarket industry will eventually bring back dignity to people by creating decent jobs, while creating viable and sustainable entrepreneurs, especially in previously and presently disadvantaged areas like townships and rural areas. SundayIndependent
• Electric vehicles (EVs) are good for climate, jobs and businesses, highlighting Hyundai's announcement that the automotive manufacturer will spend more than $5 billion to build an EV plant near Savannah, Georgia. The Hill
• The end of the sale of new petrol and diesel cars and vans by 2030 has the potential to put jobs in the traditional UK automotive industry at risk. CoventryLive
• Envision Automotive Energy Supply Corp., a Japan-based company will invest $2 billion to build a 3 million square-foot battery technology plant in the Kentucky Transpark and create 2,000 new jobs. EDFish
• The new battery cell manufacturing facility - which is set to create some 6,000 jobs and which could be operational by 2025 - is seen as vital as the UK transforms the automotive supply chain for a net-zero carbon, battery electric and fuel cell future. The Rugby Observer
• The transition to electric vehicles itself will bring about a relatively moderate net loss of 50000 jobs in the European automotive industry. Jeremy Rifkin
• The overall industry workforce of the automotive and EV battery ecosystem could grow by 100,000 jobs from 170,000 to 270,000 employees by 2040, up from Faraday's 2020 report which predicted a growth of 50,000 jobs from 176,000 to 220,000 employees by 2040. pv magazine International
• Two Tesla suppliers - CelLink Corp., a maker of automotive electrical wiring, and Plastikon Industries Inc., a plastic parts maker - are building new factories in the Austin area that could create over 1,000 jobs. E&E News
• Summit Polymers Inc., a designer and manufacturer of automotive interior components, plans to invest $37.5M in Anderson County, Kentucky to construct a manufacturing facility and will create 218 full-time jobs. Expansion Solutions
• Driving even more investment will be essential if we are to supercharge automotive manufacturing - and the jobs and economic growth it creates - during its biggest transformation in 100 years. Fleet News
• The automotive sector in its transition to electricity will have a negative impact on employment, reducing the total number of jobs in the industrial part by about 29,000 jobs until 2030, 8% less compared to 2019, when a total of 344,000 professionals were employed in Spain. Ice Trend
• The new R&D centre, which will become operational in 2022, will create hundreds of jobs in Gothenburg and positions Volvo Cars as one of the few automotive brands to make battery cell development and production part of its end-to-end engineering capabilities. Machinery Market
• The R&D centre, which will become operational in 2022, will create a few hundred jobs in Gothenburg and positions Volvo Cars as one of the few automotive brands to make battery cell development and production part of its end-to-end engineering capabilities. Automotive World
• The transition to electric vehicles from internal combustion could mean the loss of up to 500,000 jobs at automotive suppliers in the EU by 2040. Automotive News Europe
• The Faraday Institution, which estimates the UK needs seven gigafactories, forecasts declining car production and the potential loss of some 114,000 existing automotive jobs by 2040 without domestic battery production. The Telegraph
• Without UK battery manufacturing, car production in the UK would decline and there would be a potential loss of 114,000 existing automotive jobs by 2040. WWF

Last updated: 24 November 2024