India born automotive marketplace veteran established to take more than as President and CEO on Dec 1
India born Aruna Anand, a 25-year veteran of automotive industry has been named the new President and CEO of leading technologies business Continental’s Automotive team sector in North America, productive Dec 1.
She will also retain her latest role as Head of the Architecture and Networking organization space for the North American area of Continental Automotive, Auburn Hills, Michigan centered organization introduced Nov 21.
In this position, Anand is liable for all worldwide architecture and networking business things to do that help buyers primarily based out of North The united states.
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“It is an honor to be selected as Automotive President and CEO for North The usa,” said Anand, an Electrical and Electronics Engineering graduate from Anna University, Chennai, India and a master’s diploma in Laptop or computer Science and Engineering from Oakland College. “I glance forward to foremost our proficient team toward a bright potential and offering our buyers with major technological alternatives.”
“Aruna delivers an exceptional mix of knowledge and expertise to the President and CEO Automotive North The usa situation,” claimed Nikolai Setzer, CEO, Continental AG. She is a respected chief and is a technical expert in many locations that are the concentration of our long run growth. Aruna’s determination to our customers and our workers will support guideline the good results of Continental in the vital North American marketplace.”
Because joining the firm in 1997, Anand has held several management positions throughout the various small business regions of the Continental Automotive team sector.
She was Head of Software package for Gasoline Motor and Transmissions Units for the Digital Controls enterprise unit in just the company’s then Powertrain division.
She also led the Wireless Products Group Engineering inside of the Related Vehicle Networking enterprise device of Continental’s Car or truck Networking and Details enterprise place.
Browse: Continental names Aruna Anand to lead North American small business (November 23, 2022)
Prior to becoming named as the head of Architecture and Networking, Anand was accountable for main Continental Engineering Companies, an independently working company device that features extensive engineering products and services.
In 2020, she was recognized by Automotive Information as one of the 100 Primary Girls in the North American Automotive industry. In 2018, Anand was honored with the prestigious Automotive News Rising Star award.
She was also not long ago identified at the Women of Colour Awards Gala and acquired the Expert Achievement in Industry award.
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According to the recent market study by Technavio, the Automotive Technologies Market Size is expected to increase by USD 134.06 billion from 2020 to 2025. However, the growth momentum in the market is expected to decelerate at a CAGR of 11.04%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
APAC will register the highest growth rate, occupying 53% of the global market share. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive technologies in APAC. However, the market growth in this region will be faster than the growth of the market in other regions.
Download FREE Sample: for more additional information about the key countries in North America
The automotive technologies market is fragmented with the presence of several regional and international players. Major players are increasing their footprint in the market by expanding their operations. This has increased competition in the market, which is driving small vendors in the market to focus on introducing technologically advanced products and forming strategic alliances with other players.
Continental AG: The company offers various sensors like cameras, lidar, radar, and control units that provide the necessary information for highly automated driving.
DENSO Corp.: The company offers various electronic platforms, port terrain systems, and others.
HELLA GmbH and Co. KGaA: The company offers a range of vehicle electronics solutions such as LED headlamps, intelligent battery sensors for efficient energy management, lane change assistant, and others.
Intel Corp.: The company offers various technologies for the automotive industry such as autonomous driving, in-vehicle experience, functional safety and electric motor controls, power conversion, and battery management systems for electric vehicles.
NVIDIA Corp.: The company offers various automotive technologies such as ADAS, automated driving, in-vehicle experience, ADAS, and others.
Find additional highlights on the vendors and their product offerings. Download Free Sample Report
Regional Market Outlook
The automotive technologies market growth in APAC will be significant during the forecast period. The increasing sales of automobiles and the rising demand for electronics-based driving comfort and safety systems will be crucial in driving the growth of the automotive technologies market in APAC. The report also offers detailed insights into the growth of the market across other regions such as Europe, MEA, North America, and South America. Countries such as the US and Germany are identified as prominent markets for automotive technologies.
FRANKFURT — China is pressuring Continental to prevent utilizing parts made in Lithuania, two people acquainted with the subject explained to Reuters, amid a dispute among Beijing and the Baltic state over the standing of Taiwan.
The Chinese government, which views self-ruled Taiwan as its territory, downgraded diplomatic ties with Lithuania final thirty day period following the opening of a agent business by Taiwan in Vilnius.
Lithuania’s ruling coalition experienced also agreed very last calendar year to assistance what it explained as “those people battling for flexibility” on the island.
Earlier this month, a senior government official and an industry entire body reported China has explained to multinationals to sever ties with Lithuania or encounter being shut out of the Chinese industry.
Continental ranks No. 6 on the Automotive Information Europe listing of the top rated 100 global suppliers, with throughout the world revenue to automakers of $29.68 billion in 2020. The provider has generation services in Lithuania, creating digital elements this sort of as controllers for vehicle doors and seats, and exports to consumers globally which includes China.
Continental declined to remark on irrespective of whether it experienced been asked by the Chinese authorities to reduce back links with Lithuania.
China’s international ministry denied that Beijing had pressured multinational businesses not to use Lithuanian-generated pieces though claimed its organizations no for a longer period trusted Lithuania.
“The apply of ‘one China, a person Taiwan’ grossly interferes in China’s interior affairs and seriously violates China’s main interests,” a spokesperson additional.
China has pressured countries to downgrade or sever their relations with democratically ruled Taiwan.
“I read that lots of Chinese businesses no longer regard Lithuania as a honest lover,” the spokesperson reported. “Lithuania has to look at alone for the purpose why Lithuanian organizations are facing difficulties in trade and financial cooperation in China.”
Lithuania’s immediate trade with China is modest, but its export-centered financial system is house to hundreds of firms that make goods these types of as furnishings, lasers, food stuff and clothes for multinationals that sell to China.
Lithuania’s international office stated: “Companies running in Lithuania have properly built-in on their own into global offer chains, so China’s financial stress actions may well induce various disruptions to companies working in Lithuania.”
“We carefully observe, examine and assess each and every this sort of situation, which includes among the these German companies,” explained the spokesperson, incorporating that it was “hunting for very long-term sustainable answers and methods to resume trade flows with China.”