Author: World_Newz Mon

World NM: German auto parts maker AFT opens plant in Priboj001254

German auto parts manufacturer AFT opened a plant in Priboj, southwestern Serbia, on Friday at a ceremony also attended by Serbian President Aleksandar Vucic. The factory, whose workforce will reach 400 in total, will produce parts for Audi, BMW, VW and other major automotive brands. The 6,300 sq m factory was built on 15,000-plus sq… Continue reading World NM: German auto parts maker AFT opens plant in Priboj001254

World NM: Didi Partners With GAC Aion to Build Smart Electric Cars001233

Chinese ride-hailing giant Didi Chuxing is making another push into the white-hot electric-car making business through a tie-up with Guangzhou Automobile Group’s electric vehicle unit GAC Aion. In November, Didi and BYD launched the D1 as the world’s first fully electric vehicle designed for ride-hailing produced at volume. A lengthy list of Chinese technology heavyweights… Continue reading World NM: Didi Partners With GAC Aion to Build Smart Electric Cars001233

World NM: Auto assemblers flexing muscles for another price hike001217

As the auto assemblers anticipate jump in vehicle prices on account of spiralling raw material prices on world markets, another cost pressure has emerged following removal of export tax rebate by China on 146 kinds of steel products from May 1, 2021. When asked whether the rupee’s rising strength against the dollar would offset the… Continue reading World NM: Auto assemblers flexing muscles for another price hike001217

World NM: Electric cars may make driving too expensive for middle classes, warns Vauxhall chief001215

Driving could become the preserve of the rich as Britain and other countries around the world impose bans on diesel and petrol cars and embrace electrification, the boss of Vauxhall owner Stellantis has warned. The chief executive, who was speaking at a Financial Times conference, hit out at governments for forcing the automotive industry to switch to electric… Continue reading World NM: Electric cars may make driving too expensive for middle classes, warns Vauxhall chief001215

World NM: (News Focus) S. Korean EV industry embraces second life for used batteries001200

As electric vehicle sales are growing in South Korea, one big issue coming in the foreseeable future is what to do with rechargeable batteries that outlive their useful life for a vehicle. LG Energy Solution Ltd., which supplies lithium-ion batteries to Tesla, General Motors, Volkswagen and Hyundai Motor, has also been developing technologies to prepare… Continue reading World NM: (News Focus) S. Korean EV industry embraces second life for used batteries001200

World NM: UAW Blasts General Motors Over $1 Billion Investment in Mexican Factory001173

Following the Great Auto Bailout, the U.S. Treasury sold GM stock with a $10.5-billion loss for taxpayers. This didn’t rub off well at all with the hard-working men and women of the United States, and neither does the $1 billion investment into the Ramos Arizpe assembly plant in Mexico. 7 photos The facility will be… Continue reading World NM: UAW Blasts General Motors Over $1 Billion Investment in Mexican Factory001173

World NM: Porsche India’s sales grow 52 per cent in Q1 2021, luxury automaker records best quarterly figures in 7 years001167

Porsche India sold 154 new cars during January-March 2021, witnessing a growth of 52 per cent over the year-ago period. This resulted in a rise of 38 per cent in total SUV sales in the first quarter of 2021 in comparison to the first quarter of 2020. The sales of the luxury automobile manufacturer’s two-door… Continue reading World NM: Porsche India’s sales grow 52 per cent in Q1 2021, luxury automaker records best quarterly figures in 7 years001167

World NM: Ford halts engine production at Merseyside factory001145

Ford is shutting down its Merseyside plant for at least a month and slashing shifts at a Dagenham engine factory as the car industry is battered by a global microchip shortage. The US company will temporarily halt production on May 10 at its Halewood factory. Ford sites in Spain, Germany, Romania and Turkey are also cutting… Continue reading World NM: Ford halts engine production at Merseyside factory001145