Category: News Site

Faraday Future’s Chinese founder completes personal bankruptcy process

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

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.