DENSO-sponsored B.R.A.K.E.S. event offers free, expert in-car instruction to help teen drivers reduce avoidable auto crashes Contact: Andrew RickermanDENSO International America, Inc.(248) 372-8342andrew_rickerman@denso-diam.com SOUTHFIELD, Mich. (Oct. 4, 2019) – DENSO, the world’s second largest mobility supplier, is helping teens in metro Detroit and around the country adopt safer driving practices through its sponsorship of the… Continue reading DENSO, B.R.A.K.E.S. Bring National Teen Defensive Driving School to Detroit
Category: Official Press Release
Creating a world-first 2-Drive EPS-MCU in just the third year with the company
DENSO received the Minister of Education, Culture, Sports, Science and Technology Award in Japan in April 2019 for developing the worldʼs first 2-Drive Electric Power Steering MCU. We introduce our associate who is part of the companyʼs team that received the award, and his story of the developing. DNJP Chassis Control Components Eng. Div. Toshihiro Fujita Profile… Continue reading Creating a world-first 2-Drive EPS-MCU in just the third year with the company
DENSO and Global Mobility Service to begin testing refrigerated delivery service in Indonesia
Sep. 30, 2019 News Releases Products & Services Innovation Sustainability DENSO CORPORATIONGlobal Mobility Service Inc. DENSO Corporation and Global Mobility Service, Inc., (GMS) announced today that in October they will begin field testing a new transport service incorporating small refrigerated parcels to deliver fresh food and other products to commercial facilities and households in Indonesia.… Continue reading DENSO and Global Mobility Service to begin testing refrigerated delivery service in Indonesia
DENSO published “Integrated Report 2019”
Kariya (Japan) ― DENSO Corporation published Integrated Report 2019 for the year ended March 31, 2019. DENSO integrated Annual Report that provides financial data such as financial results, sales overviews, and management strategies, with CSR Report that provides non-financial data such as business environment, social relationships and corporate governance as a foundation that supports DENSO’s… Continue reading DENSO published “Integrated Report 2019”
Strong Partnership in India: Continental Belts Driving Agricultural Machinery from Mahindra
Heavy-duty V-belts for water pump, alternator and air compressor drives Continental annually ships around 500,000 locally produced belts for agricultural machinery to Mahindra, the world’s largest volume manufacturer of tractors Heavy-duty V-belts for tough tropical and subtropical climate zones Hannover, 7 October, 2019. Technology company Continental supplies heavy-duty V-belts ideally suited to the challenges of… Continue reading Strong Partnership in India: Continental Belts Driving Agricultural Machinery from Mahindra
Volkswagen Group India consolidates into a new entity: ŠKODA AUTO Volkswagen India Private Limited
Company logo of ŠKODA AUTO Volkswagen India Private Limited (SAVWIPL). Bernhard Maier, ŠKODA AUTO CEO, explains: “The operational launch of ŠKODA AUTO Volkswagen India Private Limited marks an important milestone in the INDIA 2.0 project. This merger creates one of the key prerequisites for working together more efficiently at all levels and achieving our long-term… Continue reading Volkswagen Group India consolidates into a new entity: ŠKODA AUTO Volkswagen India Private Limited
Road map E: Audi in the era of electric mobility
Consistently electric Audi is becoming a provider of integrated, carbon-neutral premium mobility with the goal of taking the leadership role in the competition. To this end, the manufacturer is accelerating its electrification road map and company-wide decarbonization. By 2025, the carbon footprint of the vehicle fleet across the entire life cycle is to be reduced… Continue reading Road map E: Audi in the era of electric mobility
Mahindra and Ford Announce a Joint Venture To Drive Profitable Growth in India and Emerging Markets
Newsroom/Press Releases/Mahindra and Ford Announce a Joint Ven…
Mahindra and Ford Announce a Joint Venture To Drive Profitable Growth in India and Emerging Markets
Marks a new era of collaboration, using the strengths of both companies to deliver operational excellence and value to stakeholders
The partnership will allow Ford and Mahindra to offer new product to customers faster than before and will deliver profitable growth to both companies
Valued at INR 1,925 crores (US$275 million), the joint venture will drive enhanced competitiveness through greater economies of scale across the automotive value chain, including optimized sourcing, product development, use of relevant technologies and a global network
Mumbai/New Delhi, India, October 1, 2019 – Mahindra & Mahindra Limited and Ford Motor Company have signed a definitive agreement to create a joint venture that will develop, market and distribute Ford brand vehicles in India and Ford brand and Mahindra brand vehicles in high-growth emerging markets around the world.
Mahindra and Ford will form a joint venture, with Mahindra owning a 51 percent controlling stake and Ford owning a 49 percent stake. Ford will transfer its India operations to the joint venture, including its personnel and assembly plants in Chennai and Sanand. Ford will retain the Ford engine plant operations in Sanand as well as the Global Business Services unit, Ford Credit and Ford Smart Mobility.
The joint venture is the next step in the strategic alliance forged between Ford and Mahindra in September 2017 and is expected to be operational by mid-2020, subject to regulatory approvals. The joint venture will be operationally managed by Mahindra, and its governance will be equally composed of representatives of Mahindra and Ford.
The joint venture will be responsible for growing the Ford brand in India and exporting its products to Ford entities globally. Ford will continue to own the Ford brand, and its branded vehicles will be distributed through the current Ford India dealer network. Mahindra will continue to own the Mahindra brand and operate its own independent dealer network in India.
“Mahindra and Ford coming together is a testament to the long history of cooperation and mutual respect between the two companies. Our combined strengths – Mahindra’s expertise in value-focused engineering and its successful operating model, and Ford’s technical expertise, global reach and access to future technology – are a potent recipe for success. At its core, the partnership will be driven by the shared values of both companies, which are focused on caring for our customers, associates and our communities,” said Anand Mahindra, Chairman, Mahindra Group.
“Ford and Mahindra have a long history of working together, and we are proud to partner with them to grow the Ford brand in India. We remain deeply committed to our employees, dealers and suppliers, and this new era of collaboration will allow us to deliver more vehicles to consumers in this important market,” said Bill Ford, executive chairman, Ford Motor Company.
“At Ford, our purpose for 116 years has always been to drive human progress, and that won’t change. But to continue to do that, we need to evolve with new and faster ways of not only delighting our customers around the world but also solving their very different needs. Strong alliances like this play a crucial role in assuring we continue to achieve our vision while at the same time staying competitive and delivering value to our global stakeholders,” said Jim Hackett, Ford president and CEO.
The joint venture expects to introduce three new utility vehicles under the Ford brand, beginning with a new midsize sports utility vehicle that will have a common Mahindra product platform and powertrain.
Another area of focus for the joint venture will be electric vehicles. Ford and Mahindra will collaborate to develop vehicles to support the growth of sustainable mobility across emerging markets.
Driving greater economies of scale across the automotive value chain including sourcing, product development and access to relevant technologies, the joint venture is expected to achieve enhanced efficiencies to strengthen the Ford brand in India. In addition, the joint venture will be a catalyst for growth for the Ford and Mahindra brands in emerging markets, which are growing at double the rate of the global industry.
The joint venture will use the Ford brand distribution network in emerging markets to extend support for export of Mahindra products, in addition to Ford branded vehicles. Exports today form about 7 percent of Mahindra’s auto business revenues and its products are exported to South Africa, Nepal, Bangladesh, Sri Lanka and Chile, among other nations and areas.
“Emerging economies including India are expected to account for one in three future vehicle sales,” said Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Limited. “The joint venture will have a distinct product portfolio with shared platforms and powertrains, the newest technology, high quality and engineering standards from both Mahindra and Ford, at optimized costs. This winning combination will enable the joint venture to successfully position its vehicles in India, as well as unlock the potential of other highly competitive emerging markets”.
“The creation of this joint venture is a pivotal moment in both our companies’ histories. Strong alliances such as this play a crucial role for Ford to compete profitably in the high-volume, affordable vehicle segments so popular with our diverse customer base. By combining our respective talents, we will offer more vehicles to more customers in more places than ever before and deliver profitable growth to both Ford and Mahindra,” said Jim Farley, president of Ford New Businesses, Technology & Strategy.
Ford’s newly established International Markets Group (IMG) business unit will play a key role in the process. IMG brings together 100 high-potential, emerged and emerging markets including India Australia, ASEAN, Middle East, Africa and Russia. In addition to the established Ford Ranger and U.S. import businesses in IMG, the formation of this joint venture will add to IMG’s portfolio vehicles specifically tailored for emerging markets, and it places India very much at the centre of Ford’s strategy for IMG.
Mahindra has led the utility vehicles segment in India for the past seven decades. The spirit of ingenuity has driven Mahindra to be among the few global companies pioneering the development of clean and affordable technology and it is the only player with a portfolio of electric vehicles commercially available in India. Expanding its global presence, Mahindra owns a majority stake in Ssangyong Motor Company in Korea. Mahindra also has entered into the shared mobility space with investments in ridesharing platforms in the United States.
Ford was among the first global automakers to enter India in 1995. As one of the largest exporters of vehicles from the country, Ford manufactures and exports vehicles and engines from its facilities in Chennai, Tamil Nadu and Sanand, Gujarat. India is the third-largest Ford employee base globally, with more than 14,000 people working across the Ford India and Global Business Services operations in Delhi, Chennai and Coimbatore. Under the new structure, Ford will continue its support for all corporate social responsibility initiatives
Anand Mahindra, Chairman, Mahindra Group
Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Limited
Jim Farley, president of Ford New Businesses, Technology & Strategy.
About Mahindra
The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defence, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 240,000 people across 100 countries.
About Ford Motor Company
Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 194,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com.
Learn more about Mahindra on www.mahindra.com | Twitter and Facebook: @MahindraRise
Contact
Mohan Nair
Mahindra
+ 91 22 28468510
nair.mohan@Mahindra.com
Kapil Sharma
Ford India
+91 98730 78122
Ksharma6@Ford.com
T.R. Reid
Ford Communications
+1 313.319-6683
treid22@ford.com
Mahindra Racing Set For Season 6; Driver Line-Up, M6Electro And Official Powertrain Partnership With Engineering Giant ZF Revealed
Newsroom/Press Releases/Mahindra Racing Set For Season 6; Driv…
Mahindra Racing Set For Season 6; Driver Line-Up, M6Electro And Official Powertrain Partnership With Engineering Giant ZF Revealed
Jérôme D’Ambrosio and Pascal Wehrlein remain with Mahindra Racing
The team is delighted to welcome ZF Friedrichshafen AG as its new Official Powertrain Partner
M6Electro livery revealed with electric themed photoshoot
Nick Heidfeld continues in his advisory role and as the team’s official test and reserve driver, while Sam Dejonghe remains as reserve and sim driver.
4 OCTOBER 2019, HOCKENHEIM, GERMANY – Mahindra Racing is pleased to confirm Jérôme D’Ambrosio and Pascal Wehrlein remain with the team for the 2019/20 ABB FIA Formula E Championship. At a special event in Germany at which the race drivers were revealed alongside the M6Electro livery for season six, Mahindra Racing were also delighted to announce a new long-term technology partnership with ZF Friedrichshafen AG.
The global technology giant is supporting Mahindra Racing’s season six campaign with chassis development work, shock absorber provision and engineering services while work is already underway for the design and manufacture of the electric driveline for the 2020/21 season. In addition to the electric motor, development includes both single-gear, highly efficient transmission and the matching power electronics. This work builds on ZF’s successful and race-winning work to date in the ABB FIA Formula E Championship through its E-Mobility division, which already employs over 9,000 people worldwide since its inception in January 2016.
In line with the new partnership, the ZF branding will adorn the M6Electro cars from this season onwards. This season’s livery is an adaptation and evolution of the popular and distinctive M5Electro. It was unveiled this evening in Germany and retains the familiar red, white and blue hues that has ensured it stands out from the crowd.
Remaining with the team for a second consecutive season, Jérôme D’Ambrosio earned the team’s first podium of the 2018/19 season at the inaugural Diriyah E-Prix; the opening round of the championship. He then took his maiden win for the team at the next event in Marrakesh and was crowned a triple Formula E race-winner in only his second race for the team.
His teammate Pascal Wehrlein impressed in season five as the rookie secured a maiden Formula E podium in only his second race and took his first pole position at the next event in Mexico City. He added six Super Pole appearances and two fastest laps to his name throughout the 2018/19 campaign.
Nick Heidfeld will remain an integral part of the Mahindra Racing family and will continue in his advisory role and as the team’s official test and reserve driver. He drove the unraced M6Electro at the 2019 Goodwood Festival of Speed in the competitive Hillclimb – two years after claiming the open-wheel eRecord in the M4Electro. Belgian racer Sam Dejonghe will also continue to work closely with the team in the position of reserve and sim driver.
Jérôme D’AMBROSIO
“I really want to thank Mahindra Racing for last year and I am super happy to continue with the team. We had an amazing start to season five and started to show the potential we have working together as one team. We know the second half of the season was challenging, but the fact that we are all sticking together for season six means we can come back stronger and consistently fight at the front for wins. I am really excited to be back and cannot wait to get the championship battle underway.”
PASCAL WEHRLEIN
“I am very happy to continue my relationship with Mahindra Racing. Last year was my rookie season and there were a lot of positives to take from that and build on for my second Formula E season. There is a very positive and upbeat mood in the team as we’ve been working hard over the summer break and I’m really looking forward to working with the team again.”
DILBAGH GILL, CEO & TEAM PRINCIPAL, MAHINDRA RACING
“I am thrilled Jérôme and Pascal will both return to the team for season six. Last season was one of the most challenging seasons in Formula E history in terms of competition but we believe we have one of the strongest driver line-ups on the grid to help us achieve our championship ambitions. I am also delighted to welcome ZF to the Mahindra Racing family. We now have one of the most successful global players in the field of e-mobility at our side. We were highly impressed by the performance of the ZF driveline in the most recent Formula E season and together we will be even better positioned to continue celebrating success.”
WOLF-HENNING SCHEIDER, CEO, ZF FRIEDRICHSHAFEN AG
“Formula E is a great stage for ZF to demonstrate the quality and performance of our drive train solutions for the e-mobility of tomorrow. In no other racing series is the transfer of expertise from motorsports to volume production development as great as in Formula E. We look forward to a successful cooperation with Mahindra Racing, and also show our commitment to India as an important growth market.”
Mahindra Racing will test the M6Electro at the all-teams pre-season test from 15-18 October at the Circuit Ricardo Tormo in Valencia, Spain. The first race of the 2019/20 ABB FIA Formula E Championship starts with a double-header at the Diriyah E-Prix on 22-23 November 2019.
JÉRÔME D’AMBROSIO
PASCAL WEHRLEIN
MAHINDRA RACING
Mahindra Racing is a founding team – and the only Indian team – to compete in the ABB FIA Formula E Championship, the world’s first all-electric street racing series. Mahindra Racing has an impressive stats sheet and is a multi-race winning outfit after scoring its breakthrough victory at the Berlin E-Prix in 2017. The squad is committed not only to pushing the limits of technology and innovation in the electric vehicle space, but to addressing the impact of climate change; it is the only Formula E team to be awarded the FIA Environmental Accreditation Two-Star rating. Jérôme d’Ambrosio and Pascal Wehrlein remain with the squad for season six to pilot their #64 and #94 M6Electro cars respectively.
ABB FIA FORMULA E CHAMPIONSHIP
The ABB FIA Formula E Championship is the closest and most competitive category in motorsport, with unpredictable and exciting electric racing in the centre of the world’s most iconic cities. Formula E is the fastest-growing series in motorsport and boasts the best roster in racing, where renowned road car manufacturers and automotive brands battle for points, position and bragging rights.
ZF FRIEDRICHSHAFEN AG
ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. With its comprehensive technology portfolio, the company offers integrated solutions for established vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF continually enhances its systems in the areas of digital connectivity and automation in order to allow vehicles to see, think and act. In 2018, ZF achieved sales of €36.9 billion. The company has a global workforce of 149,000 with approximately 230 locations in 40 countries. ZF invests over six percent of its sales in research and development annually. For further press information and photos please visit: www.zf.com
Mercedes-Benz achieves new September record and best-ever third quarter
223,838 vehicles with the three-pointed star were sold worldwide in September – a new record for this month due to a double-digit growth (+10.4%). Car deliveries from Mercedes-Benz rose worldwide from July to September with 590,514 units to a new record for the third quarter (+12.2%). In China, the Stuttgart-based company with the star even… Continue reading Mercedes-Benz achieves new September record and best-ever third quarter