SK Holdings Co., the holding firm of the South Korean energy-to-telecom conglomerate. SK Holdings and Geely will each chip in $30 million for the proposed fund, and draw the rest to be financed from global investors, including European banks and Asian pension funds. SK Group has a portfolio ranging from semiconductors and batteries to energy… Continue reading World NM: SK, Geely to jointly chip in for fund for mobility solutions001001
Author: World_Newz Mon
World NM: Foxconn considers Mexico or Wisconsin for maiden electric-car plant000999
Foxconnwill decide between Mexico and Wisconsin for the site of its first electric-car plant this year, making a big bet on the nascent business, reported Bloomberg. Foxconn, the world’s largest assembler of iPhones, is hoping to replicate its smartphone success by building clients’ electric vehicles from the chassis on up. More sources Go to Source
World NM: Ford to produce next-generation electric vans in Turkey from 2023000995
Automotive giant Ford has said that its next-generation of Transit van will be produced in Turkey from 2023 and will include electric and hybrid versions, as well as combustion-engine versions. The new vans will be built by Ford Otosan, one of the automaker’s Turkish joint-ventures. With a 15% market share, Ford is Europe’s top brand of commercial… Continue reading World NM: Ford to produce next-generation electric vans in Turkey from 2023000995
World NM: 2022 Ford Maverick Small Pickup Truck Will Enter Production in July 2021000991
Arguably the boldest Ford Motor Company product in a long time, the Maverick is expected to attract new customers to the Dearborn-based automaker for several reasons. One of them is the price, rumored at $20k excluding destination for the base powerplant and FWD. 23 photos Spied time and again, the Maverick is going to enter… Continue reading World NM: 2022 Ford Maverick Small Pickup Truck Will Enter Production in July 2021000991
World NM: New GM Trucks Getting Built Without Cylinder Deactivation Due to Chip Shortage000990
A global semiconductor chip shortage is forcing General Motors to build certain 2021 light-duty full-size pickup trucks without their fuel management module, which negatively impacts fuel economy. Without this module, models equipped with the company’s 5.3-liter EcoTec3 V8 unit will average one mile per gallon less than before. 7 photos According to spokeswoman Michelle Malcho,… Continue reading World NM: New GM Trucks Getting Built Without Cylinder Deactivation Due to Chip Shortage000990
World NM: Bosch eyes June opening for new semiconductor plant in Dresden000981
German engineering and technology company Bosch has said that everything is on track to open its new semiconductor factory in Dresden, Germany. The shortage has been severe enough to bring multiple automakers to cut their short-term production plans and is encouraging multiple stakeholders in the semiconductor manufacturing chain — at both government and industry levels —… Continue reading World NM: Bosch eyes June opening for new semiconductor plant in Dresden000981
World NM: Peugeot won’t return to U.S. as Stellantis focuses on Alfa Romeo revival000948
Stellantis is pulling the plug on plans to bring Peugeot back to America. The newly-formed conglomerate is suspending a project aimed at reintroducing the French brand to the U.S. and has reappointed the executive overseeing it, Larry Dominique, to the role of Vice President of Alfa Romeo Brand for North America. Alfa Romeo only returned… Continue reading World NM: Peugeot won’t return to U.S. as Stellantis focuses on Alfa Romeo revival000948
World NM: Porsche Engineering Romania continues to expand its team and service portfolio000947
Despite the challenges caused by the situation of the pandemic, the development of the Romanian subsidiary of Porsche Engineering continued to grow in 2020 and the engineering service provider plans to reach 280 employees by the end of 2021. The company has also implemented a complex set of measures to meet social distancing and sanitizing… Continue reading World NM: Porsche Engineering Romania continues to expand its team and service portfolio000947
World NM: Chinese automakers for incentives to encourage localisation000942
MG JW is in the process of setting up its $100 million assembly plant in Lahore and plans to roll out first car in May to become eligible for the lucrative tax cuts given to the new entrants in the industry under the existing AIDP 2016-21. The Federal Board of Revenue (FBR), however, is yet… Continue reading World NM: Chinese automakers for incentives to encourage localisation000942
World NM: Hypercar frenzy as Lamborghini’s latest joins an insatiable market for extreme performance000937
Mere supercars no longer suffice for the wealthy; limited-edition, bonkers hypercars are more popular than ever. The motor is mounted in the gearbox and energy is produced via a supercapacitor – which sounds like it was originally fitted in the Batmobile – which dispenses with the need for a heavy lithium-ion battery but can discharge… Continue reading World NM: Hypercar frenzy as Lamborghini’s latest joins an insatiable market for extreme performance000937