Author: World_Newz Mon

Audi plant can be set up in Novorossiysk

KRASNODAR, July 5. /TASS/. Audi car manufacturing plant can be built in Novorossiysk, the city mayor Igor Dyachenko said on Friday.
“Together with our German colleagues we decided to consider the possibility of building an Audi plant in the industrial zone of Novorossiysk. We will discuss this and other topics during the visit of the German delegation to our city, which is scheduled for September,” he said.
According to him, the delegation from Novorossiysk signed a declaration of intent to establish twin-town relations with the German city of Heilbronn, in the vicinity of which the Audi plant is located.

Ford to find buyers for its capacity in Russia, but price will not be high – experts

MOSCOW, July 4 / TASS/. American automaker Ford continues to search for buyers for its Russian assets; German, South Korean and Chinese companies may become bidders, but the sale price is unlikely to be high, that is what the experts polled by TASS said on Thursday.
Ford is in commercial negotiations to sell its Russian assets and is currently considering proposals for the acquisition of factories from interested companies, the Ford Sollers press service told TASS. Currently, Ford automobile plants in Naberezhnye Chelny and Vsevolozhsk, as well as an engine manufacturing plant in Elabuga, are in the process of being closed. Its production lines have been closed since late June. “The closure of the plant is a complex and time-consuming process, which includes the preservation of the building and equipment, data archiving and other necessary actions,” explained Ford Sollers.
As previously reported by the Minister of Industry and Trade Denis Manturov, Ford will put the closing plants up f..

Hyundai Motor unveils new CVVD engine valve control technology, a world first

Hyundai Motor Group announced Wednesday that it had become the first company in the world to develop a technology called Continuously Variable Valve Duration.CVVD technology enhances the function of the engine by optimizing the timing of the opening and closing of the valve at all four stages of its power production cycle — intake, compression, expansion and exhaust.Existing engine valve control technologies — CVVT and CVVL.

Tesla builds 1,700 super chargers in China

TIANJIN, July 3 (Xinhua) — U.S. electric car maker Tesla said Wednesday that it had expanded the charging network in China and built more than 1,700 super chargers in its biggest overseas market.
With a supercharger, a vehicle can be fully charged within an hour. The company has also installed more than 2,100 regular chargers in cities and tourist destinations across the country.
On Tuesday, the company launched a mobile app in China, which allows customers to make service appointments online.
Tesla has 48 stores and 89 service centers in China.
The company manufactured 77,100 vehicles worldwide in the first quarter of this year and delivered 63,000 vehicles to customers.

Inzi Controls to invest HUF 14.8 bln in Komárom

South Koreaʼs Inzi Controls is investing HUF 14.8 billion in building a battery plant for electric vehicles in Komárom (NW Hungary), Minister of Foreign Affairs and Trade Péter Szijjártó said on Monday.The minister welcomed the arrival of another major South Korean company, reinforcing the domestic automotive industry.Japanʼs GS Yuasa also chose Hungary for its first European investment, building a lithium-ion battery plant in Miskolc.

Involvement of German car maker Audi in diesel scandal widens: reports

BERLIN, July 1 (Xinhua) — The involvement of German carmaker Audi in diesel scandal surrounding illegally manipulated exhaust levels has apparently been more extensive than previously known, German media reported on Monday.
The German public broadcaster BR and the business newspaper Handelsblatt reported that Audi had used four and not one so-called defeat devices in order to comply with the exhaust emission standards until the beginning of 2018.
Until now, the responsible German Federal Motor Transport Authority (KBA) has only declared the engine warm-up function as inadmissible. After the engine has been started, such a warm-up function is increasing the exhaust gas purification for a limited time.
Although the German authorities found that three other defeat devices had been used by Audi to keep exhaust emissions artificially low during test phases, the German carmaker was allowed to “voluntarily” remove these defeat devices from the engine software, BR and Handelsblatt cited from ..

Aston Martin’s largest shareholder set to boost stake with bargain swoop

Aston Martin’s biggest shareholder has revved up plans to increase its stake in the car maker whose shares have sunk since its stock market listing in October.If completed, the sale would represent a discount of about £60m on the price Investindustrial received when it flipped the shares as part of the listing….

Schaeffler to sell plant in Hamm to management

HAMM, June 30 (Press Release) – The automotive and industrial supplier Schaeffler and the management team of Schaeffler Friction Products Hamm GmbH signed an agreement last Friday under which the management of Schaeffler Friction Products Hamm will take over the ownership of the company, effective today. The management buyout will save all 110 jobs at the Hamm location. The parties have agreed not to disclose the purchase price. The sale is not subject to competition regulatory approval and the transaction is expected to be completed in the near future. The resulting new company will be named INNO FRICTION GmbH.
Schaeffler Friction Products Hamm currently makes carrier plate-type friction linings for dry dual-clutch systems especially for the Schaeffler Group. At its peak, production of this part accounted for about 60 percent of the company’s revenues, but in recent times there has been a sustained and significant fall-off in demand.
Alongside friction linings, the Hamm plant supplie..