Author: World_Newz Mon

BMW to start building EUR 1 bln plant in Hungary in spring

German carmaker BMW on Tuesday said it will start construction of a EUR 1 billion plant in Debrecen (195 km east of Budapest) in the spring.BMW will launch a recruiting campaign in Debrecen in the coming weeks and extend it to the whole of Hajdú-Bihar County next year.The handover of the plant site took place in September.

McLaren on the up but still a hard climb ahead

Former champions McLaren left the Abu Dhabi Formula One finale celebrating their best championship finish since their time as grand prix winners, but team boss Zak Brown isn’t expecting any miracles to speed up their climb back into the sport’s elite.Red Bull, once place ahead in third, scored nearly triple the Woking-based team’s total, ending the year with 417 points.Despite being among the most improved teams this year, Brown expects 2020 to be more a case of incremental progress than big leaps.

Mercedes-Benz Mobility Korea introduces long-term rental program

Daimler Mobility — a subsidiary of Daimler Group, which owns Mercedes-Benz — officially kicked off operations in South Korea on Tuesday, offering a long-term car rental program.Mercedes-Benz Mobility Korea is the first of its kind globally and the fourth entity of the Daimler Group to launch operations in Korea.Mercedes-Benz Mobility Korea CEO Guillaume Fritz speaks during a press conference at Mercedes-Benz Korea’s EQ Pavilion in Seoul, Tuesday.

Ford fined 35 mln rand for faulty vehicles in South Africa

JOHANNESBURG, Nov. 29 (Xinhua) — South African consumer agency, the National Consumer Commission (NCC), has slapped Ford Motor Company of Southern Africa with a 35 million rand (2.4 million US dollars) fine for contravening the Consumer Protection Act.
The fine came after scores of consumers lodged complaints with the NCC regarding their combusting Kuga 1.6L Eco-boost vehicles. Some of these vehicles caught fire while being driven or parked.
The NCC received 160 complaints from affected car owners who said that their rights had been infringed by the motor company. Between 2015 and 2016, 56 Ford Kuga vehicles caught fire in South Africa. In 2016, a 33-year-old man died after his Ford vehicle burnt while he was driving it to the Western Cape.
Releasing the findings of an investigation into the matter on Friday, NCC Acting Commissioner Thezi Mabuza said: “Our investigation into these allegations confirmed that Ford had engaged in prohibited conduct by distributing Ford Kuga vehicles that..

Mazda recalls 35,801 CX-7 crossovers in Russia due to lens problems – regulator

MOSCOW, November 29. /TASS/. Mazda Motor Rus, the Russian Mazda dealer, recalls 35,801 CX-7 crossovers in Russia due to problems with rear lamp lens blurring, according to the Federal Agency for Technical Regulation and Metrology (Rosstandart).
Vehicles sold from March 1, 2007 to April 29, 2013 will be recalled, the report said.
“The reason to recall vehicles is that blurring of rear lap lens occurs in certain vehicles, which appears white when the stop lamp or the rear clearance lamp is turned on,” the regulator said.

Russia’s Sberbank agrees venture with driverless technology firm

MOSCOW, Nov 28 (Reuters) – Russia's largest lender, Sberbank , has added driverless cars to its list of technology ventures, by teaming up with AI transport developer Cognitive Technologies, the two companies said on Thursday.
Sberbank and Cognitive Technologies have signed a legally binding document to create a new company, Cognitive Pilot, they said in a statement.
Sberbank will have a 30% share in the company, while Cognitive Technologies will take 70%. The two companies did not disclose financial details of the deal, which will be completed in December.
The move marks the latest foray into Russia's digital economy for state-owned Sberbank, which finalised the terms of a food delivery joint venture with Mail.Ru earlier this month and agreed to buy an equity stake in the internet company.
The new company will be engaged in developing “digital economy projects in transport, agriculture, computer vision and artificial intelligence,” the statement said.
Russian internet giant ..

Yanfeng Automotive Interiors plant opens in Kragujevac

A Yanfeng Automotive Interiors plant that will manufacture car interior components for major automakers such as Mercedes was ceremonially opened in Kragujevac, central Serbia, on Thursday.Serbian President Aleksandar Vucic, Chinese Ambassador to Belgrade Chen Bo, Kragujevac Mayor Radomir Nikolic and company representatives cut a red ribbon to mark the launch of a production line.Shanghai, China-based Yanfeng Automotive Interiors, a global leader in its sector, has around 110 production facilities and technical centres in 20 countries and a workforce of over 32,000 people worldwide.