FILE PHOTO: Jia Yueting, founder of Leshi Internet and electric vehicle maker Faraday Future, poses for a photo after a Reuters interview in Beijing, China, April 22, 2016. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – Jia Yueting, founder of Leshi Internet and electric vehicle (EV) maker Faraday Future, said on Thursday his personal bankruptcy process was… Continue reading Faraday Future’s Chinese founder completes personal bankruptcy process
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McLaren averts court battle after striking deal with bondholders
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Michelin commits to a revitalization plan in Vendée
The state and the management of Michelin signed a revitalization agreement on June 30, 2020 linked to the closure of the Michelin factory in La Roche-sur-Yon (Vendée). To read the entire article, SUBSCRIBE For immediate access, pay online by credit card By subscribing to The New Factory, you access: A unique vision of the industry… Continue reading Michelin commits to a revitalization plan in Vendée
Auto majors hit export roadblocks with neighbouring countries
Companies such as Tata Motors, Mahindra and Ashok Leyland have had their exports severely impacted over the past 3-4 months prompting them to realign strategies to the African and South American markets. Mumbai: The auto industry is not just struggling to recover from the pandemic impact on the domestic front, but its exports, especially to… Continue reading Auto majors hit export roadblocks with neighbouring countries
Car maker: BMW plans to build 500,000 electric drives a year in Dingolfing
BMW plant in Dingolfing In Dingolfing, fully electric, highly autonomous luxury SUVs will roll off the assembly line next year. (Photo: BMW) Dingolfing BMW accelerates the ramp-up of e-mobility. BMW-Boss Oliver Zipse said on Thursday at the opening of the new battery and electric motor factory in Dingolfing, Lower Bavaria: “As early as 2022, we… Continue reading Car maker: BMW plans to build 500,000 electric drives a year in Dingolfing
Audi Q4 e-tron, The Audi Version Of the VW ID.4, Spotted Testing
Audi will sell its own vehicle related to the VW ID.4, expected to be called the Q4 e-tron. The last time we saw a prototype example of this vehicle undergoing testing, it was actually sporting an ID.4 body, but now we get to see its production body, albeit still under confusing camouflage. Changes from concept… Continue reading Audi Q4 e-tron, The Audi Version Of the VW ID.4, Spotted Testing
First pictures of the new Ineos Grenadier 4×4 being built in Bridgend – Wales Online
First pictures of the new Ineos Grenadier 4×4 being built in Bridgend Wales Online Here’s your first look at the Ineos Grenadier off-roader Top Gear First Look At The New Ineos Grenadier Off-Roader esquire.com Ineos Grenadier revealed as rugged off-roader for 2021 Autocar Ineos Grenadier will be rugged rival to Land Rover Defender Automotive News Europe View Full coverage on… Continue reading First pictures of the new Ineos Grenadier 4×4 being built in Bridgend – Wales Online
Shenzhen Capital-backed Dehong to divest 29.99% to state firm for $154m
Shenzhen Capital Group-backed automobile alternator manufacturer Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd has agreed to sell a 29.99 per cent stake to state-owned Asset Management Service Center of The Government of Ningbo Zhenhai for 1.087 billion yuan ($154 million), per a filing with the Shanghai Stock Exchange. With the deal, Zhenhai Investment will… Continue reading Shenzhen Capital-backed Dehong to divest 29.99% to state firm for $154m
India grows in stature as an R&D hub for German companies
Chancellor Dr Angela Merkel, together with a German delegation, visited Continental’s Manesar facility on November 2, 2019. India and Germany have had historic ties and in fact, trade between the two countries spans over 500 years and remains a basis for strong economic and business ties. If one goes just by numbers, Germany continues to… Continue reading India grows in stature as an R&D hub for German companies
INEOS Automotive reveals the design of its upcoming 4×4 the Grenadier.
INEOS Automotive reveals the design of its upcoming 4×4 the Grenadier. Wednesday, 01 July 2020 INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no nonsense 4×4 vehicle for the world, another step on the road to start of production. INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming,… Continue reading INEOS Automotive reveals the design of its upcoming 4×4 the Grenadier.