Author: World_Newz Mon

Fiat Chrysler CEO: We’ll talk alliances, but we can go it alone

Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone.The Wall Street Journal reported on Friday that Renault and Nissan are trying again to reshape their alliance and resolve disagreements that helped to derail the merger talks with Fiat Chrysler.Mr Manley has set a goal of 3 per cent operating margins, well short of the 10 per cent margins the company forecast for North America.

Serial production of Russia’s first Zetta electric car can start in 2019

MOSCOW, August 2. /TASS/. Serial production of Russia’s first Zetta electric car can start by 2019 year-end if the company completes certification this fall, Minister of Industry and Trade Denis Manturov said on Friday in an interview with Auto Mail.ru web portal.
“The project of Zetta economy class four-wheel drive electric car of domestic design and assembly is worked out at present with proactive support of the Russian Ministry of Industry and Trade. The company plans to complete certification as early as this fall; in such case it will be possible to speak of starting serial production by the year-end,” Manturov said.
The car is unique owing to the all-purpose energy efficient traction motor, the Minister noted. “The Russian gearbox-free platform underlies this ecofriendly car,” Manturov said.
Zetta is the first Russian electric car that will be serially produced in Togliatti.

Audi ex-CEO Stadler charged with fraud in diesel cheating

MUNICH prosecutors have charged former Audi chief executive officer Rupert Stadler with fraud and other offenses, accusing the disgraced manager of continuing to sell cars with manipulated engines even after the scandal burst into the open in late 2015.Once seen as a possible contender for VW’s top job, Stadler was arrested in June 2018 and spent months in jail.In the years that followed, repeated recalls of Audi vehicles over their emission performance – including Porsche cars with engines developed by the brand – continued to taint the brand.

Chinese company discusses project to manufacture electric buses in Egypt

CAIRO, July 31 (Xinhua) — Egypt's Minister of Military Production Mohamed Saeid el-Asar and Local Development Minister Mahmoud Shaarawy discussed on Wednesday with officials from China's Foton Motor and IMUT (International Marathon United Technology) companies a new project for jointly manufacturing electric buses, official news agency MENA reported.
Foton officials reviewed the characteristics and the capabilities of the buses to be manufactured in Egypt, the report said.
Foton said it is currently working on exporting the newest electric buses that are suitable for the operation and environment in Egypt.
“Manufacturing electric buses in Egypt is part of a government plan to upgrade the fleet of the public transport authority with an aim to ease the traffic congestion in the capital and the countries' largest cities,” Shaarawy said.
The plan is also meant to localize the electric buses in Egypt and to improve services offered to citizens, he added.
Foton also reviewed ..

BMW aims to capture Korean drivers with bigger, techier new BMW 3 Series

By Baek Byung-yeul BMW’s 3 Series has been a benchmark among small luxury sedans since its 1975 debut, being recognized for its sporty driving character and appealing exterior look such as its iconic kidney grilles.To improve driving performance, the weight has been reduced by 55 kilograms, though it retains a 50:50 weight distribution between the front and rear axles.To qualify for the Top Safety Pick+ rating, a vehicle must earn good ratings in the driver-side small overlap front, passenger-side small overlap front, moderate overlap front, side, roof strength and head restraint tests.

Toyo Tire Plans to Open Factory in Serbia-President Vucic

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.

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.