To enhance its automotive product offering and capabilities, Cooper Standard has acquired 80.1 percent of LS Mtron’s automotive parts business. Through the acquisition, Cooper Standard has not only expanded its core product offerings, but has gained a strategic partnership with LS Mtron, a leading Korean automotive and industrial manufacturer, creating the opportunity to cooperate across multiple industries by leveraging… Continue reading Cooper Standard acquires LS Mtron
Author: Autocar_Professional India Online News
Toyota Motor Corporation to invest in Albert for developing automated driving technologies
Signing of partnership between Albert and Toyota Toyota Motor Corporation and Japan-based big data analysis company, Albert have agreed on a business alliance for big data analysis, mainly in the field of advanced development of automated driving technology. Toyota will invest about 400 million yen (Rs 24 crores) and will acquire new shares in Albert… Continue reading Toyota Motor Corporation to invest in Albert for developing automated driving technologies
Cummins forms a JV with JAC Motors after 20 years of business alliance
Cummins and Anhui Jianghuai Automobile (JAC Motors)announced that the two parties will form a 50:50 joint-venture after Cummins purchased Navistar’s 50 percent equity of the JAC-Navistar diesel engine company (JND). Steve Chapman, Cummins Group vice president, China and Russia said, “Cummins and JAC share similar values and are both committed to bringing our customers the… Continue reading Cummins forms a JV with JAC Motors after 20 years of business alliance
Fiat rolls out its two millionth Fiat 500 from its Tychy plant in Poland
The two millionth Fiat 500 at the Tychy plant in Poland The two millionth Fiat 500 made at the Tychy Plant in Poland is a Fiat 500C Collezione, sporting an exclusive two-tone white and grey Primavera livery and powered by a ‘TwinAir’ turbo 85hp engine. It comes with 16-inch rims, chrome-plated accents, a grey/white/grey beauty… Continue reading Fiat rolls out its two millionth Fiat 500 from its Tychy plant in Poland
Force Motors bags order for Light Strike Vehicles from Indian Army
Representational Image – Force Gurkha The Pune-based Force Motors, has announced that it has bagged a order from the Indian Army for supplying indigenously built Light Strike Vehicles (LSVs) that will be used by the armed forces for defense purposes. The vehicle has been designed and developed by the R&D team of Force Motors, and… Continue reading Force Motors bags order for Light Strike Vehicles from Indian Army
Jaguar Land Rover sells 45,180 units globally in April 2018
New models like the Jaguar E-Pace (image) have driven Jaguar’s sales in April 2018 Jaguar Land Rover (JLR) has claimed that its sales for April 2018 were largely driven by the introduction of new models, including the Range Rover Velar, Land Rover Discovery and Jaguar E-Pace. As per the report from the OEM, there was… Continue reading Jaguar Land Rover sells 45,180 units globally in April 2018
Terra Motors raises USD 10 million to expand in markets like India, Bangladesh
An e-rickshaw from Terra Motors Japan-based Terra Motors, an electric vehicle start-up company announced today that it has secured $10 million (Rs 67 crores) from foreign investors including Fenox Venture capital (US) and other Japanese bank affiliated venture capital investors to accelerate their global expansion. Terra Motors, with a portfolio of electric two and three… Continue reading Terra Motors raises USD 10 million to expand in markets like India, Bangladesh
BMW develops new electric personal mover concept for staffers
The BMW Group has developed a new kind of micro-mobility concept for employees. The Personal Mover Concept – an electric one-person means of transport for covering short distances within an operating site – can be used for personal transportation both inside buildings and outside and is also suitable for carrying objects. Employees at BMW Group plants… Continue reading BMW develops new electric personal mover concept for staffers
‘We are evaluating BMW’s plug-in hybrid range to see if we can bring something to India.’
Vikram Pawah, president, BMW Group India, speaks to Sumantra B Barooah on the sidelines of the launch of the Mini Countryman on the enduring appeal of the Mini brand, the company’s strategy in a competitive luxury car market, evaluating hybrids for India as a result of customer demand, expanding the BMW Motorrad dealer network, exploring sourcing of… Continue reading ‘We are evaluating BMW’s plug-in hybrid range to see if we can bring something to India.’
BMW Group sells 604,629 units globally in Q1 2018
The BMW Group is bullish on achieving new record sales and revenues in 2018 in spite of extremely high levels of upfront expenditure for new technologies, fierce competition, rising personnel expenses and volatile global, political and economic environment. The BMW Group, which comprises brands such as BMW, Mini, Rolls-Royce and BMW Motorrad, has registered cumulative… Continue reading BMW Group sells 604,629 units globally in Q1 2018