Forming two Joint Ventures with Beijing Electric Vehicle Co.Facility can support up to 180,000 annual vehicle capacityJV is capable of supporting the needs of additional customersSHANGHAI, China, June 18, 2018 (GLOBE NEWSWIRE) — Magna today announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) for complete vehicle manufacturing… Continue reading Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Category: Official Press Release
Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
One of the auto industry’s first 48-volt mild-hybrid transfer casesAchieves up to 10% CO2 savings compared to a two-wheel drive systemCan be easily integrated into existing drivetrainsSAILAUF, Germany, June 14, 2018 (GLOBE NEWSWIRE) — Magna is on the fast track to vehicle electrification. With its all-new industry-leading 48-volt transfer case and an array of other… Continue reading Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Reduces effort needed to open and close a car door by 40-60 percentAllows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratingsWill enter the market on future models with a European automakerAURORA, Ontario, May 23, 2018 (GLOBE NEWSWIRE) — For automakers, two key customer satisfaction considerations are the feel… Continue reading Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Toyota Continues Role as Lead Automotive Innovator
Ann Arbor, Mich. (June 18, 2018) – In his address to investors last month, Akio Toyoda spoke of transforming the company that bears his family name from an automaker into a mobility company. While that official change in direction was a recent announcement, Toyota’s engineers and scientists have been expanding their research and development efforts to… Continue reading Toyota Continues Role as Lead Automotive Innovator
Groupe PSA: Joint press release from the Supervisory Board and from the Managing Board
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Jean-Baptiste de Chatillon, Member of the Managing Board and CFO of Groupe PSA (Paris:UG), has decided to leave the company for personal reasons. He will be replaced by Philippe de Rovira, currently CFO of Opel Vauxhall. Both decisions will be effective as of August 1st. “The Supervisory Board thanks Jean-Baptiste de Chatillon… Continue reading Groupe PSA: Joint press release from the Supervisory Board and from the Managing Board
Temporary workers exploited
18.06.2018 Ι Who is ill, who flies. Anyone who complains flies. They are cheated out of working hours and holidays. But who asks too often, flies. Among the 1200 temporary workers of the rental company DEKRA in the Mercedes plant Rastatt prevails a climate of fear. IG Metall is now tackling the grievances together with… Continue reading Temporary workers exploited
The BMW Group and CRITICAL Software are expanding their cooperation
Munich. Following successful collaboration in the past, the BMW Group and CRITICAL Software are now planning a strategic expansion of their cooperation. The two companies have reached an agreement to form a joint venture entitled Critical TechWorks, subject to examination of and approval from the relevant competition authorities. By creating this joint venture, the BMW… Continue reading The BMW Group and CRITICAL Software are expanding their cooperation
Press Release – Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Please click HERE for a PDF version of the release. Forming two Joint Ventures with Beijing Electric Vehicle Co. Facility can support up to 180,000 annual vehicle capacity JV is capable of supporting the needs of additional customers SHANGHAI, China, June 18, 2018 — Magna today announced its intention to form two new joint ventures… Continue reading Press Release – Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
ZF´s Axle Hybrid Concept With Automated Manual Transmission Offers Less Emissions and More Comfort
For the hybridization of price-sensitive small to compact vehicles with front-wheel drive, the greatest challenges are currently additional cost and development effort as well as limited installation space. “With eAMT, ZF has developed a full-fledged plug-in hybrid drive for front-transverse vehicles. This increases flexibility for vehicle manufacturers. They can use existing platforms to implement conventional… Continue reading ZF´s Axle Hybrid Concept With Automated Manual Transmission Offers Less Emissions and More Comfort
Autoliv prices EUR 500 million bond issue
Mon, Jun 18, 2018 10:30 CET (Stockholm, Sweden, June 18, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), today announced that it has priced a 5-year bond offering of EUR 500 million in the Eurobond market (the “Notes”). The Notes are due to be issued on June 26 and will carry a coupon of… Continue reading Autoliv prices EUR 500 million bond issue