Bloodhound LSR creates new record, hits top speed of 628mph

Bloodhound LSR will now focus on development and fund-raising ahead of land speed record bid in 2020 or 2021. The British machine will now focus on development and fund-raising ahead of land speed record bid in 2020 or 2021. It reached a new top speed of 628mph as it wrapped up testing in South Africa… Continue reading Bloodhound LSR creates new record, hits top speed of 628mph

Anand Group scouts for acquisitions amidst slowdown

The 19-company, multi-product and well-diversified Rs 10,200 crore automotive component supplier takes a cautious approach in conserving cash in the midst of the industry slowdown but could be spending in a new inorganic move or two.A few years ago, the Anand Group set up an Automotive Growth Council within the group with the objective of… Continue reading Anand Group scouts for acquisitions amidst slowdown

Kia’s new India-bound compact SUV caught testing

Kia Motors, which is currently enjoying a robust run in the Indian market and already has a 4.85% share of the Utility Vehicle market, is readying its new product for this market. The Korea carmaker has been working on a compact SUV (codenamed QYI) to rival the likes of the Hyundai Venue and Maruti Vitara Brezza.… Continue reading Kia’s new India-bound compact SUV caught testing

Shape Corp’s innovative 3D roof rail tube wins Swedish Steel Prize 2019

Groundbreaking use of martensitic steel in a 3D-formed tube for roof rail applications represents a first in the automotive industry; will result in both cost savings for OEMs and safer cars. Shape Corporation of the USA has won the 20th international Swedish Steel Prize for groundbreaking use of martensitic steel in a 3D formed tube for automotive… Continue reading Shape Corp’s innovative 3D roof rail tube wins Swedish Steel Prize 2019

ZF and Danfoss ink strategic partnership for R&D and power modules

Harald Deiss, Head of ZF Business Unit Electronic Systems; Jorg Grotendorst, Head of ZF Division E-Mobility; Kim Fausing, CEO, Danfoss Group; and Claus A. Petersen, Head of Danfoss Silicon Power. ZF Friedrichshafen and Danfoss Silicon Power, a subsidiary of the Danfoss Group, the largest industrial company in Denmark, have stepped up their existing cooperation with… Continue reading ZF and Danfoss ink strategic partnership for R&D and power modules

Ferrari reveals new 602 hp Roma Coupe

The fifth new model Ferrari has launched in 2019, the Roma is termed a “2+” coupe, which Ferrari says features “refined proportions and timeless design” while offering “unparalleled performance and handling.” Roma is 200mph front-engined machine with V8 turbo motor. While it shares some underpinnings with the Portofino drop-top, the new machine features bold new styling and is described by the Italian… Continue reading Ferrari reveals new 602 hp Roma Coupe

Volkswagen breaks ground for EV manufacturing plant in the USA

Rendering of expansion for electric vehicle production. The Chattanooga site will be VW’s North-American hub for EV manufacturing. Volkswagen of America has today marked the start of construction for its electric vehicle production facility. The Chattanooga site, where production begins in 2022, will be Volkswagen’s North American assembly base for electric vehicles on the Modular… Continue reading Volkswagen breaks ground for EV manufacturing plant in the USA

Dr Michael Schneider appointed Norma Group’s CEO

The Supervisory Board of NORMA Group, a global market leader in engineered joining technology, has appointed Dr. Michael Schneider Chairman of the Management Board on a permanent basis today. Dr. Schneider had already taken on the duties of interim CEO in addition to his responsibilities as CFO on August 1, 2019. His predecessor Bernd Kleinhens… Continue reading Dr Michael Schneider appointed Norma Group’s CEO

MG Motor wants to “define and lead” the EV space in India, to offer charging stations too

MG Motor, one of the two newcomers in the Indian passenger vehicle market this year, is in an aggressive mode to grow, not only in the conventional internal combustion vehicle industry but also in the emerging electric passenger vehicle market. That’s perhaps reflected in its strategy of making the second of its first five models, an… Continue reading MG Motor wants to “define and lead” the EV space in India, to offer charging stations too