Category: Official Press Release

Toyota Autoparts Philippines, Inc. to become Aisin’s subsidiary

Toyota Motor Corporation (“Toyota”) and Aisin Seiki Co., Ltd. (“Aisin”) have agreed today to increase Aisin’s equity participation in Toyota’s subsidiary, Toyota Autoparts Philippines, Inc. (“TAP”), from the current 34 percent to 61 percent and to make it Aisin’s subsidiary. The purpose of this arrangement is to strengthen its competitiveness in the manual transmission (“MT”)… Continue reading Toyota Autoparts Philippines, Inc. to become Aisin’s subsidiary

Groupe PSA Steps up Its Digital Transformation with the Digital Factory

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) is stepping up its digital transformation with the creation of the Digital Factory. This new facility brings resources and skills together in one place to support the operational departments in their digital transformation. Several hundred internal and external experts are on hand, in: – the Customer Digital Factory:… Continue reading Groupe PSA Steps up Its Digital Transformation with the Digital Factory

Volvo Cars to expand production following overwhelming demand for XC40

Volvo Cars to expand production following overwhelming demand for XC40   Volvo Cars, the premium car maker, has received almost 80,000 orders for the new award-winning XC40 small SUV and is expanding production in Europe and China in order to meet demand.   Production will be expanded at its Ghent manufacturing plant and Volvo Cars… Continue reading Volvo Cars to expand production following overwhelming demand for XC40

News Release – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness

Please click HERE for a PDF version of the release. Reduces effort needed to open and close a car door by 40-60 percent Allows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratings Will enter the market on future models with a European automaker AURORA, Ontario, May 23, 2018… Continue reading News Release – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness

Toyota moves to expand mass-production of fuel cell stacks and hydrogen tanks towards ten-fold increase post-2020

Toyota sees global sales of fuel cell electric vehicles (FCEV) increasing significantly after 2020, to at least 30,000 per year from today’s 3,000. To prepare for this growth, the company unveiled plans for two major new facilities today: a brand-new building near its original automobile factory for expanding fuel cell stack mass production, and a… Continue reading Toyota moves to expand mass-production of fuel cell stacks and hydrogen tanks towards ten-fold increase post-2020

INMOTION VENTURES PUTS ADVENTURE ON THE MAP

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Statement by Jörg Hofmann about Opel,                    Statement by Jörg Hofmann, First Chairman of IG Metall, on Opel

Jörg Hofmann has once again asked the Opel parent company PSA to present a sustainable concept for the carmaker’s German locations. “It must be a concept that goes beyond the year 2020 and contains firm commitments on investments, employment figures, models and products for the individual locations,” explained the IG Metall chairman on 24 May… Continue reading Statement by Jörg Hofmann about Opel,
                   Statement by Jörg Hofmann, First Chairman of IG Metall, on Opel

Chinese investors in Germany

24.05.2018 Ι Chinese companies enjoy great freedom in Germany and the EU so far. However, doubts about the seriousness and good intentions of certain investors are growing. The conflicts in German companies are increasing. A positive sentiment increasingly gives way to skepticism when Chinese entrepreneurs access German technology companies. “Not all Chinese investments are successful,… Continue reading Chinese investors in Germany

Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference

Business and technology leaders share insights into the transformations poised to reshape the future PARIS – Bloomberg’s Sooner Than You Think (STYT) conference convenes business and technology leaders to share vital insights into the tech trends and transformations that are poised to reshape the future. During that event, Carlos Ghosn, Renault-Nissan-Mitsubishi chairman and chief executive… Continue reading Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference