Japan’s Toyo Tire plans to open a production facility in Serbia in a 390 million euro (£357.09 million) investment deal that would boost Balkan country’s revenues, Serbian president Aleksandar Vucic said on Tuesday.To boost revenues and cut debt Serbia sought to attract foreign investments which in 2018 amounted to 3.2 billion euros.Toyo Tires which has a total of 13,000 employees worldwide, will produce automotive tyres in the northern town of Indjija, outside the capital Belgrade.
Author: World_Newz Mon
Peugeot boss points to perils of missing CO2 targets
…new technology . However, national interests and jarring cultures between some of the big groups have put the brakes on global mergers, most notably talks between Renault of France and Fiat Chrysler…
Audi Győr starts Q3 Sportback serial production
More engine types will be available in the future.Audi Hungaria posted EUR 7.377 billion in revenue in 2018, down 2.3% compared to 2017.
Aston Martin May Have To Borrow To Fund Crucial DBX Luxury SUV
Aston Martin shareholders have discovered the hard way that the company is not a virtual license to print money like its rival Ferrari, but some investors still retain the hope that, long-term, the storied luxury sports car maker can start to make serious profits.
BAIC becomes Daimler’s third-largest stakeholder
BAIC Group has acquired a 5 percent stake in Daimler AG, a reassuring move for the State-owned carmaker concerned about profitability in a sluggish market, and with the German automotive giant under the helm of a new head seeking further success in China.In the same period, China’s passenger car market fell 14 percent year-on-year.It runs a joint venture with BYD, another new energy vehicle giant in China, to develop and produce Denza-branded electric vehicles.
State-owned carmakers join in charge onto ride-hailing scene
Backed by a list of stellar investors, T3 – an emerging car-hailing app – was launched on July 22 in Nanjing, East China’s Jiangsu province, where it’s headquartered.Of the 9.76 billion yuan ($1.42 billion) invested, 1.7 billion yuan was contributed by home appliance retailer Suning, making it the largest shareholder with 17.42 percent equity.The three automakers FAW Group, Dongfeng Motor and Changan Automobile each took 16.39 percent equity as the second-largest shareholders.
Delo says electric cars soon to become a usual thing
In its front-page commentary on Saturday entitled Do You Dare to Buy an Electric Car?, the newspaper Delo writes about the fast technological development which has brought a rise of electric vehicles because of which directors of classical automotive companies will have a hard time.
EESL to install 100 EV charging stations in Noida
The Memorandum of Understanding (MoU), which was signed between EESL Managing Director Saurabh Kumar and NOIDA CEO Ritu Maheshwari, will fast-track the adoption of e-mobility in Noida by promoting robust electric vehicle (EV) infrastructure.Under its EV programme, EESL has completed the tender processes to procure 10,000 e-cars.
Russia’s Yandex posts rapid sales growth as taxi business shines
…May but have recovered to 127p after the good results in June. Vianet Faced with steady decline in its core sector — UK pubs — Vianet has responded by focusing on increasingly sophisticated technology …
Audi invests €126m in Győr, Hungary plant
As well as bringing additional jobs, making the total around 13,000 employees, the investment could contribute to a new record in Hungarian exports.Audi Hungaria has taken a lead role in electromobility inside the Audi Group.The rapid rise in awareness amongst European consumers, as well as environmental legislation has meant that the race to bring electric vehicles into the mainstream is well and truly on.