GM, Honda Seek North America Alliance to Share Car Platforms

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(Bloomberg) — General Motors Co. and Honda Motor Co. are laying the groundwork for a deeper partnership in North America to jointly develop gasoline engines and crossover SUVs, seeking to cut costs as the auto industry moves toward electric vehicles.

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The two automakers signed a non-binding memorandum of understanding to establish a North American automotive alliance, they said in a statement Thursday. While each manufacturer will sell vehicles under its own U.S. and Japanese brands, the companies will cooperate in areas such as parts and materials purchasing, research activities and connected-car services.

It marks a major step in the integration of operations at two of the world’s largest automakers, even though terms are still being worked out and the two companies don’t plan a capital tie-up. Their pairing signals the industry’s struggle to fund next-generation electric, driverless and connected technologies while still keeping their existing gas-powered car and

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Engineering Services Outsourcing Market Outlook By Size, Share, Future Growth and Forecast From 2020-2026 | Impact of COVID-19 Pandemic

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The MarketWatch News Department was not involved in the creation of this content.

Sep 03, 2020 (AmericaNewsHour) —
According to a new report published by Polaris Market Research the global engineering services outsourcing market is anticipated to reach more than USD 1.96 trillion by 2026. The major factors which are driving this market is the access to low cost highly skilled resources which can work towards complex tasks of not only designing and testing but also on validation, simulation and execution. Companies are moving from business process outsourcing to knowledge process outsourcing and major industry verticals such as automotive, consumer electronics, semiconductors, aerospace and telecom are providing huge opportunities to the consulting companies.

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The traction of offshore outsourcing can be seen owing to the low cost and added capabilities from the service providers. There are pureplay ESO service providers which are not only

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Electric Vehicle Market Share, Size, CAGR, Trends, Forecast 2020 to 2027

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The MarketWatch News Department was not involved in the creation of this content.

Aug 25, 2020 (Profound via COMTEX) —
The global Electric Vehicle Marketvolume was 2,265.5 thousand units in 2019 and is expected to register a compound annual growth rate (CAGR) of 40.7% from 2020 to 2027.

The “global Electric Vehicle market analysis to 2027” is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of Electric Vehicle market with detailed market segmentation by product, applications, geography and others. The global Electric Vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Electric Vehicle market players and offers key trends and opportunities in the market.

In this study, the years considered to estimate the market size of Electric Vehicle are as

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COVID-19 May Transform Automotive Cyber Security Market Size, Share, Leading Players, Competitive Analysis, Growth, Global Industry Forecast To 2023

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The MarketWatch News Department was not involved in the creation of this content.

Aug 28, 2020 (Heraldkeepers) —
The global report on the automotive cyber security market is slated to cross USD 32 million after achieving a CAGR of 9% during the forecast period of 2018 to 2023. Market Research Future (MRFR) made a comprehensive analysis of the market to understand factors that can bolster this growth. Among these, the rising demand for personal vehicles, better integration of technologies, hike in research-related investment, growing demand for smart cars and threats associated with it, and others are expected to bolster the market.

However, these technologies are expensive and high-end cars are mostly equipped with such technologies, which shows the market’s growth capacity is pretty limited.

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Segmentation:

The global study of the automotive cyber security market has been segmented by

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