Hankook Tire began construction of its first (and only) tire making plant in Europe in the village of Rácalmás, near Dunaújváros, 75 km south of Budapest. Considered at the time to be “the most technologically advanced facility in the world”, according to Seong Hak Hwang, the current managing director, the plant has since more than… Continue reading World NM: Hungaryʼs Hankook Plant a key to European Operations000295
Author: World_Newz Mon
World NM: Car sales in Europe, U.S., China grow again: VDA000285
BERLIN, Oct. 16 (Xinhua) — September was the first month in more than two years to see a “simultaneous growth” in sales of passenger cars in Europe, the United States and China compared with the same month last year, the German Association of the Automotive Industry (VDA) announced on Friday. However, the COVID-19 pandemic and… Continue reading World NM: Car sales in Europe, U.S., China grow again: VDA000285
World NM: Liberty House makes bid for Thyssenkrupp steel business000284
UK-based steel and metals titan Liberty House has put in a bid for the lossmaking steel unit of Germany’s Thyssenkrupp. Liberty House confirmed this morning that it had made a non-binding offer for its German competitor. The bid comes from a run of acquisitions by Mr Gupta in recent years, ranging from mining and metals… Continue reading World NM: Liberty House makes bid for Thyssenkrupp steel business000284
World NM: Magna to build startup Fisker’s electric SUV000282
Startup California-based car brand Fisker Inc. has struck a deal with automotive contract manufacturer Magna International Inc. to manufacture the Ocean SUV in Europe starting in late 2022, the companies announced Thursday. The partnership is similar to the one Nikola Motors agreed to with General Motors in September for the Badger pickup but has not yet closed following… Continue reading World NM: Magna to build startup Fisker’s electric SUV000282
World NM: Automotive sector output climbed 6.2% y.o.y. in August000279
Output of Hungaryʼs automotive sector climbed 6.2% year-on-year in August, rising for the first time since before the start of the coronavirus crisis. The output of the automotive sector, which accounted for 28% of manufacturing sector output in August, recovered after months of double-digit declines. The output of the computer, electronics and optical equipment segment,… Continue reading World NM: Automotive sector output climbed 6.2% y.o.y. in August000279
World NM: FAW, Audi to produce electric vehicles in China000277
China’s leading automaker First Automotive Works (FAW) and German automaker Audi signed a memorandum of understanding Tuesday on the establishment of a joint venture for production of electric vehicles based on the PPE platform. Several all-electric Audi models are to be produced for the Chinese market on the new PPE platform from 2024 onwards. Qiu… Continue reading World NM: FAW, Audi to produce electric vehicles in China000277
World NM: Changan Automobiles launches Karvaan MPV Plus000270
LAHORE-Changan Automobiles has launched Karvaan MPV Plus, giving an enhanced driving experience to its customers. Moreover, Changan International Corporation has initially invested $100 million in a joint venture with Master Motors in Pakistan to set up a state-of-the-art vehicle assembling facility, along with a vastly growing 3S dealership network across Pakistan. It is an international… Continue reading World NM: Changan Automobiles launches Karvaan MPV Plus000270
World NM: FAW’s iconic sedan brand Hongqi to release 20 new models000261
CHANGCHUN, Oct. 12 (Xinhua) — China’s leading automaker First Automotive Works (FAW) Group Co., Ltd. will release 20 new models under its iconic sedan brand Hongqi in the next five years. Hongqi will re-release its traditional oil-fueled cars as hybrid or electric models by 2023 and by 2025, pure electric cars will account for at… Continue reading World NM: FAW’s iconic sedan brand Hongqi to release 20 new models000261
World NM: GKN Automotive and Tata Technologies to develop next-generation of electric vehicles000248
GKN Automotive, a global leader in automotive technologies, announced joining forces with Tata Technologies, a global engineering and product development digital services company, to establish and set up an advanced global e-mobility software engineering centre in Bengaluru, India. The new centre, based in Bengaluru, will utilize Tata Technology’s expertise in electric and embedded systems and… Continue reading World NM: GKN Automotive and Tata Technologies to develop next-generation of electric vehicles000248
World NM: Honda makes a U-turn to catch U.S. truck, SUV trend000247
Honda Motor Co is redesigning the looks and the marketing for its sport utility vehicles and trucks to appeal to U.S. consumers who are paying premiums for rival automakers’ vehicles that offer a more rugged, off-road adventure image. Honda does not sell a large pickup that competes with the Ford F-150, and is therefore shut… Continue reading World NM: Honda makes a U-turn to catch U.S. truck, SUV trend000247