Toyota Recalls 3.2 Million Vehicles Globally to Fix Fuel Pumps Bloomberg | Mar 4, 2020 at 7:41 PM Toyota Motor Corp. is recalling 3.2 million vehicles worldwide, more than half of which are in the U.S., to fix faulty fuel pumps.
Author: World_Newz Mon
Kia has launched production of its plug-in hybrid car in Slovakia
Kia Motors Slovakia, a carmaker based in the northern-Slovak city of Žilina, is progressing in the production of plug-in hybrids.The new XCeed PHEV model will go on sale in Europe in the second half of 2020.Both plug-in hybrid (PHEV) models, XCeed and Sportswagon are soley produced in the Žilina plant.
China’s passenger car sales fall 80% in February on coronavirus epidemic
China’s passenger car sales fall 80% in February on coronavirus epidemic China Economic Review | Mar 5, 2020 at 2:53 AM The China Passenger Car Association (CPCA) said in a statement that China’s overall passenger car sales dropped 80%.
Ford CEO bans all corporate travel amid coronavirus outbreak
Ford Motor Co. has banned all corporate air travel with few exceptions due to the coronavirus outbreak.Exceptions also cannot create an unacceptable health risk.The person didn’t want to be identified because the memo has not been publicly released.
Electric Ford Transit van confirmed for 2022
Ford is looking to electrify the commercial van segment it currently dominates in the U.S.The automaker has confirmed plans to introduce an all-electric Transit van in 2022.Along with the Transit, Ford is developing an all-electric F-150 pickup that will be suitable for commercial customers.
Geely builds presence in satellite industry with new plant and testing center
HANGZHOU, March 4 (Xinhua) — Geely Holding Group announced Wednesday that it has begun construction on an intelligent satellite production and testing center, making it the first private carmaker to produce satellites in China.
The new facility is being built by Geely Holding Group's subsidiary, Geely Technology Group, in Taizhou, east China's Zhejiang province.
The cutting-edge facility will include a modular satellite manufacturing center, a satellite testing center, a satellite R&D center and a cloud computing center. It will be able to develop and produce a variety of different satellite models.
The satellite strategy will be implemented by Geespace, a Geely-run company established in 2018 for the development, launch and operation of low-orbit satellites.
By the end of 2020, Geespace will begin the launch of its commercial low-orbit satellite network that will facilitate highly accurate navigation for self-driving cars.
Li Shufu, chairman of Geely Holding Group, said: “T..
Brookfield to Weigh $5 Billion Sale of Capital Automotive
Brookfield Property Partners LP is weighing a sale of auto dealership landlord Capital Automotive, which could fetch about $5 billion including debt, according to people with knowledge of the matter.
Ford Bans Business Trips, Discloses Two Employee Virus Cases
Ford Motor Co. banned its employees from any air travel for most of this month, taking more extreme measures than some of its biggest peers after two employees in China contracted the coronavirus.
Alphabet’s Waymo raises US$2.25b for driverless cars
WAYMO raised US$2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc’s autonomous vehicle unit has taken outside funds.Silver Lake Management LLC, a private equity firm, led the round, which also includes vehicle manufacturer Magna International Inc, car seller AutoNation Inc, Abu Dhabi’s Mubadala Investment Co and the Canada Pension Plan Investment Board.Alphabet’s “other bets” division, which includes Waymo, has absorbed billions of dollars in losses in recent years.
PSA expects compensation for Vauxhall’s UK factories in the event of no deal
Vauxhall’s owner PSA is expecting the UK Government to compensate it for the extra costs involved in a no-deal exit from the EU, its chief executive Carlos Tavares said today.Vauxhall’s 1,100 staff at its Ellesmere Port factory build the Vauxhall Astra (mostly the estate version, which sells best on the European continent), which is due for replacement in 2021.