Volvo Cars has launched a new investment fund aimed at investing in high potential technology start-ups around the globe. The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services. The first strategic investment as… Continue reading Volvo Cars bets big on tech start-ups, launches investment fund
Author: Autocar_Professional India Online News
Revealed: Williams Advanced Engineering’s new EV platform concept
Williams Advanced Engineering has revealed the technologies behind its innovative FW-EVX electric vehicle platform concept. Previewed at the Low Carbon Vehicle Show in the UK in 2017, the platform integrates innovations in battery pack design, impact absorption, cooling and other systems within a lightweight, compact chassis that is readily scalable for C, C-D and D-segment… Continue reading Revealed: Williams Advanced Engineering’s new EV platform concept
Bharat Forge exits JV with GE
Bharat Forge divests 26% from ABFP to GE Bharat Forge has completed its divestment from the former joint venture with French multinational Alstom. The Indian component major announced completion of the sale of balance equity of 26 percent in the power equipment JV to GE. With this, the company has completed the divestment of its shareholding in Alstom… Continue reading Bharat Forge exits JV with GE
Daimler to expand local Mercedes-Benz production with BAIC in China
Foreseeing further growth potential in the Chinese automotive market, Daimler and BAIC today announced plans to further expand local production for the Mercedes-Benz brand at their joint venture, Beijing Benz Automotive Co (BBAC). Through an investment totaling over 11.9 billion RMB (about 1.5 billion euros) by Daimler and BAIC, BBAC will prepare to operate another… Continue reading Daimler to expand local Mercedes-Benz production with BAIC in China
Kia Motors India to begin production by mid-2019
Construction of the new plant in Anantapur district of Andhra Pradesh began in mid-2017 with an investment of about $1.1 billion (around Rs 7,050 crore). Kia Motors India is going all out with its India operations. The carmaker has laid down the structural framework for its new manufacturing facility in the Anantapur district of Andhra Pradesh. The… Continue reading Kia Motors India to begin production by mid-2019
Bharat Forge to set up two plants for making EV and hybrid vehicle parts
Bharat Forge, the Pune-based multinational with a presence across automotive, power, oil and gas, construction and mining, rail, marine and aerospace, has confirmed plans for manufacture and export of parts for electric and hybrid vehicles. In May 2017, Autocar Professional had reported that Bharat Forge, the largest exporter of automotive components from India, was planning… Continue reading Bharat Forge to set up two plants for making EV and hybrid vehicle parts
Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
Volvo Cars today launched its new three-cylinder Drive-E powertrain in the XC40, the company’s first entry into the compact SUV segment. The new powertrain is the first three-cylinder engine in the company’s 91-year history. The all-new 1.5-litre, three-cylinder, direct-injection petrol engine was developed in-house using the same modular design as Volvo’s four-cylinder Drive-E engines. The… Continue reading Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
Carlos Ghosn continues as Renault boss until 2022
Renault Group boss Carlos Ghosn has been tasked with making the Renault-Nissan-Mitsubishi Alliance “irreversible” by ensuring better integration, as the company’s board of directors decided to renew his position for another four years. Implementing Renault’s ‘Drive the future’ mid-term plan will be Ghosn’s main focus, with that plan ending in the same year as Ghosn’s extended tenure comes… Continue reading Carlos Ghosn continues as Renault boss until 2022
Denso strengthens connectivity business, takes stake in Creationline
Denso Corporation has taken an equity stake in Japanese company Creationline, which excels at deploying and integrating cloud and other technologies that enable next-generation software development, including open source software. The auto industry is undergoing a once-in-a-century paradigm shift. Competition continues to intensify as new players from other industries enter the market and as speed… Continue reading Denso strengthens connectivity business, takes stake in Creationline
Cummins acquires Johnson Matthey’s automotive battery systems business
Cummins Inc has announced the acquisition of Johnson Matthey’s UK automotive battery systems business, a subsidiary of Johnson Matthey that specialises in high-voltage automotive grade battery systems for electric and hybrid vehicles. As part of the acquisition, Cummins and Johnson Matthey also agreed to collaborate on the development of high energy battery materials for commercial… Continue reading Cummins acquires Johnson Matthey’s automotive battery systems business