Production of the 2021 Toyota Yaris Cross has officially kicked off at the Valenciennes factory, in France. The site, which has received a €400 million ($554 million) cash injection and is home to almost 5,000 employees, also makes the regular new-gen Yaris. Built around Toyota’s GA-B platform, shared with the regular hatchback version… (continue reading…)… Continue reading World NM: 2021 Toyota Yaris Cross Enters Production in Europe, Deliveries Kicking Off Soon001383
Author: World_Newz Mon
World NM: Vauxhall plans to build new electric van at Ellesmere Port001382
Jobs will be safeguarded by the new vehicle as the company cashes in on demand for small delivery vehicles Stellantis is expected to confirm on Tuesday that it will make a new model of commercial vehicle at the factory. It is unclear whether building electric vans at Ellesmere Port will create new jobs or just… Continue reading World NM: Vauxhall plans to build new electric van at Ellesmere Port001382
World NM: Alpine Has Made 10,000 A110 Cars in 4 Years001374
Resurrected in 2017 by parent company Renault, Alpine has just celebrated a production milestone, with the 10,000th A110 rolling off the Dieppe assembly line, in France, last month. The French automaker took to social media to announce the achievement, congratulating “everyone involved” in the production of the (continue reading…) Go to Source
World NM: Court extends SsangYong’s rehabilitation plan deadline until Sept.001372
The Seoul Bankruptcy Court said Wednesday it has accepted SsangYong Motor Corp.’s request to extend the deadline for its rehabilitation plan by two months until Sept. 1 considering its ongoing sales process. The bankruptcy court in April put the debt-laden automaker under court receivership, a step short of bankruptcy, and ordered it to submit its… Continue reading World NM: Court extends SsangYong’s rehabilitation plan deadline until Sept.001372
World NM: (News Focus) Labor dispute brewing at Hyundai Motor amid EV transition001371
Hyundai Motor Co. is moving toward electric vehicles to join the global automotive trend, but its workers at the leading automaker fret over the prospect of less assembly work and want job security in the changing business environment. The number of components used in EVs is expected to decline by 37 percent compared with internal… Continue reading World NM: (News Focus) Labor dispute brewing at Hyundai Motor amid EV transition001371
World NM: Ssangyong in Last-Ditch Attempt to Find Buyer001367
Ssangyong issued a sale notice on Monday to launch the search for a new owner. U.S. car retailer HAAH Automotive Holdings, which had signaled interest, is now in financial difficulties of its own. Go to Source
World NM: BMW Reportedly Wants to Cut Production Costs by 25% Within the Next Five Years001345
According to BMW board member Milan Nedeljkovic, who’s in charge of production for the Bavarian brand, his company will significantly reduce its production costs by the middle of this decade in an attempt to keep up with rivals such as the VW Group, Daimler, and of course, Tesla. “We will lower the production costs per… Continue reading World NM: BMW Reportedly Wants to Cut Production Costs by 25% Within the Next Five Years001345
World NM: Hanon Systems receives preliminary bids for controlling stake from foreign firms001341
French automotive parts maker Valeo and three other foreign firms have submitted preliminary bids for a controlling stake in automotive thermal management systems and automotive parts maker Hanon Systems, while local players have decided against the move, sources said Tuesday. Valeo, a key rival of Hanon Systems, and German automotive parts maker Mahle have reportedly… Continue reading World NM: Hanon Systems receives preliminary bids for controlling stake from foreign firms001341
World NM: LG stays out of Hanon Systems takeover bid001340
Carlyle, Valeo, Mahle to compete for Korean auto parts supplier By Park Jae-hyuk LG Electronics has decided not to participate in a preliminary bid to acquire a controlling stake in Hanon Systems, citing its excessively high price, an LG official told The Korea Times, Tuesday. Once the sale of Hanon is over, the company will… Continue reading World NM: LG stays out of Hanon Systems takeover bid001340
World NM: (News Focus) Hyundai fuels hydrogen for zero-emission trucks001339
Hyundai Motor Group is on its way toward an all-electric future by adopting a two-track strategy to deliver batteries for both electric and hydrogen fuel cell vehicles, hoping to expand its presence in the growing eco-friendly car market. Since July 2020, the automaker has shipped 46 Xcient trucks to Switzerland and is set to deliver… Continue reading World NM: (News Focus) Hyundai fuels hydrogen for zero-emission trucks001339