Hyundai kicks off production of new Creta at Chennai plant

The first made-in-India production-ready new Creta has rolled off the production line at Hyundai Motor India’s Sriperumbudur plant in Tamil Nadu, ahead of the midsize SUV’s official launch on March 17, 2020. Hyundai Motor India had upgraded the plant in preparation for the second-generation Creta’s production. Additions include a set of robots to assemble the roof… Continue reading Hyundai kicks off production of new Creta at Chennai plant

Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”

REUTERS Electric car production at Volkswagen According to a study, ten car manufacturers face EU fines totaling 3.3 billion euros next year for high CO2 levels. Short-term measures such as discounts for their electrified or particularly economical cars could hardly compensate for this, explained the industry experts at the management consultancy Deloitte in Munich. The… Continue reading Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”

How Bentley is recreating its legendary 4.5-litre Blower

Although generally agreed to be the most famous Bentley of all, the 4.5-litre Blower was a model the company’s famous founder couldn’t abide. WO Bentley’s theory was that to make the car go faster you gave it a bigger engine – a theory proved by the fact that the 6.5-litre Speed Six did much better… Continue reading How Bentley is recreating its legendary 4.5-litre Blower

Northvolt launches recycling program targeting 50 percent recycled material in new cells

Northvolt’s recycling program – Revolt – will establish its first pilot recycling plant in Västerås, Sweden, in 2020 A full-scale recycling plant at Northvolt Ett gigafactory in northern Sweden will be established by 2022 As recycling capacity ramps up, Northvolt is targeting 50% recycled material in new cells by 2030 Stockholm, 12/13/2019. Northvolt is making… Continue reading Northvolt launches recycling program targeting 50 percent recycled material in new cells

Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries

Volkswagen Group and Goldman Sachs Merchant Banking Division lead a $1 billion equity capital raise in Northvolt alongside BMW Group, AMF, Folksam Group and IMAS Foundation. With the European Investment Bank and additional lenders set to provide debt financing as a part of the total funding, the establishment of the initial 16 GWh of lithium-ion… Continue reading Northvolt completes equity capital raise to enable Europe’s first homegrown gigafactories for lithium-ion batteries

Northvolt to establish state-of-the-art production facility for battery systems

In order to meet the increased demand for complete battery solutions on the European market, Northvolt today announced it is establishing a new facility to industrialize and produce battery modules. The facility is to be established in Gdansk, Poland, and it will consist of a state-of-the-art production facility, including a R&D center, for battery modules… Continue reading Northvolt to establish state-of-the-art production facility for battery systems

Mulliner expansion continues with horse-themed Bentley Continental GT

Bentley has revealed the first model in its Mulliner Collections line-up as the Crewe company seeks to grow its Mulliner coachbuilding arm. The Continental GT Convertible Equestrian Edition is a horse racing-themed special edition, commissioned by dealership Bentley Bristol. It was inspired by “the most exhilarating and prestigious event of the horse racing calendar,” the Cheltenham Festival,… Continue reading Mulliner expansion continues with horse-themed Bentley Continental GT