Steve Barlow Named to Lead Lumileds Automotive Business Unit

Lumileds announced today that Steve Barlow has been appointed as President of the company’s Automotive Business Unit. Mr. Barlow has successfully led the Lumileds LED Solutions Business Unit for over 3-years and, in his more than 18 years of executive leadership at Lumileds, he has managed both sales and marketing of automotive, illumination and specialty LED businesses for Lumileds.

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Steve Barlow, President, Automotive Business Unit (Photo: Business Wire)

Mr. Barlow has over 28 years of sales, marketing, and business development experience in the semiconductor and LED lighting industry. He first joined Lumileds in 2003 and helped to build its LED lighting business. Steve re-joined Philips Lumileds in 2017 as the company’s SVP of Illumination. In 2012, Mr. Barlow served as the Chief Commercial Officer at Intematix Corporation and then in 2014 as SVP of sales and business development at

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Viral outbreaks at auto plants lead to new-car shortage in Maine

First it was hand sanitizer. Then toilet paper.

For the latest shortage caused by the coronavirus pandemic, look to new car dealers’ lots.

John Emerson, owner of Emerson Chevrolet Buick in Auburn, said some popular models are in short supply, because of factory shutdowns in late spring caused by the pandemic.

For instance, Emerson said he typically likes to have 40 to 50 new Chevrolet Silverados, a popular large pickup truck, on his lot. These days, however, it’s more like a half-dozen.

The same goes for the Equinox, Emerson said, with only four or five models of the SUV on the lot, about one-tenth of his normal supply.

That’s why he treats every invoice he gets from the carmakers as a reason for celebration. The car may not yet be on the lot, but the invoice means it’s made, has a vehicle identification number and is likely to be on

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SAFE Urges Bipartisan, Coordinated Policy To Lead New Tech in Auto Industry and Protect Against …

Washington, D.C., Sept. 25, 2020 (GLOBE NEWSWIRE) — A bipartisan, federal response is required for the United States to compete with China’s ownership of the next generation of transportation, according to The Commanding Heights Of Global Transportation, a new report from SAFE which emphasizes the need to compete with China as a national security priority.

 

Government policies worldwide prioritizing lower-carbon economies, in addition to hundreds of billions of dollars spent and pledged by authorities and automakers on non-petroleum fuels, have made a transition to connected, autonomous, shared and electric vehicles a certainty. The Chinese government prioritized leadership in these new technologies as part of its Made In China 2025 strategy, through which it seeks to gain greater global authority and reap the significant economic rewards.

 

“For decades, the U.S. economy and American national security has suffered from our nation’s dependence on an oil market controlled by countries that do

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Equity indices close over 2 pc higher, IT and auto stocks lead

Mumbai (Maharashtra) [India], Sep 25 (ANI): Equity benchmark indices closed over 2 per cent higher on Friday on the back of across-the-board gains while Asian markets rose on hopes of a US stimulus package.

The BSE S&P Sensex was up by 835 points or 2.28 per cent at 37,389 while the Nifty 50 gained by 245 points or 2.26 per cent at 11,050.
All sectoral indices at the National Stock Exchange were in the green with Nifty IT ticking up by 3.4 per cent, auto by 3.3 per cent and FMCG by 2 per cent.
Among stocks, HCL Technologies moved up by 5.3 per cent to Rs 830.10 per share while Tata Consultancy Services advanced by 3.6 per cent to close at Rs 2,417.75.
Bajaj Finserv was up by 6.6 per cent, Cipla by 5.1 per cent, Bharti Airtel by 4.9 per cent, Adani Ports by 4 per cent and

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‘Festive season to push auto sales but disproportionate billings may lead to stress for dealers’

Although festive season demand may provide some temporary relief to the auto industry in the next two-three months, the continued disproportionate wholesale billings by original equipment manufacturers could lead to increased stress for dealers if uptake is lower than expected, according to a report.

 In its latest report on the auto sector, India Ratings and Research (Ind-Ra) on Friday said retail sales are likely to continue to lag behind wholesale sales in September 2020 although the sector has reported a month-on-month rise in sales over May-August 2020 after the washout in April.

“After an above-average acreage backed by adequate monsoon, the prospects of a robust kharif harvest have original equipment manufacturers (OEMs) hoping for a retail demand revival from the rural side during the upcoming festive season,” the ratings agency said in a statement. It added that sales are likely to remain sluggish in September, especially on the retail side,

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New Tesla battery technology will lead to affordable electric vehicle

Tesla’s next-generation technology will see batteries become much more powerful and less expensive within three years.

That’s according to the firm’s boss Elon Musk, who also used the announcement to tease a sub-£20,000 model.

Speaking at the firm’s much-hyped Battery Day, Musk showed Tesla’s new cylindrical cells that could provide five times the energy, six times the power, and 16 per cent more driving range than the ‘tab’ batteries used in its existing models.

Tesla Model 3
(Tesla)

The cells would be built into the structure of the vehicle to improve their effect on the weight of the vehicle.

Tesla currently buys batteries from outside sources such as Panasonic and LG Chem, but plans to produce these new spiral batteries in-house, helping to reduce costs.

Speaking on a live stream and in front of 240 shareholders who attended the event in person, Musk said: “We need to make more affordable cars.

“One of

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Tesla lays out ‘Battery Day’ plans that lead to a $25,000 electric car

The Daily Beast

SCOTUS Battle Pours Lighter Fluid on South Carolina’s Senate Race

Most everyone following the heated U.S. Senate contest in South Carolina recognizes that the opening of a U.S. Supreme Court seat—six weeks before Election Day—has shifted the balance of the race.Which candidate will ultimately benefit, though, depends on who you ask.Sen. Lindsey Graham was already facing a determined challenge from Democrat Jaime Harrison before Justice Ruth Bader Ginsburg’s death last Friday. Less than a day later, Graham officially discarded his stance from 2016 that high court appointments shouldn’t be made in an election year—and fully embraced his role as President Donald Trump’s warrior in securing a third Supreme Court justice.The dramatic turn of events has already drawn passionate reactions on both sides of the aisle as the South Carolina race, once in the long shot column for Democrats, enters a critical stretch.Top officials from both parties in

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BMW M8 and Maseratis lead list of most discounted cars in September

Back in June of this year, the BMW 8 Series was the most heavily discounted vehicle in America. This month, it’s the 617-horsepower M8.

Midsummer buyers of the 2020 BMW M8, which is offered in hardtop, convertible and four-door Gran Coupe bodystyles, were seeing an average of $6,150 cut off the sticker; this month that figure has ballooned all the way to $16,864. That’s more than 11% off the car’s $150,000-plus retail price, and, according to data provided by TrueCar, it’s the largest dollar amount sliced off the retail price of any car for the month of September.

Next is the Maserati Quattroporte, buyers of which are saving $15,912 for an average transaction price of $99,763. If that’s still too expensive, the smaller Ghibli’s $70,030 average transaction price represents a huge 14.5% discount, earning the Italian sedan entry into our monthly top 10 best deals list. 

The third largest monetary

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