For the new company, headquatered in Shenzhen Hirohisa Kishi from Toyota will serve as chairman, and Zhao Binggen from BYD will be the chief executive officer (CEO). New Delhi: Toyota Motor Corp on Thursday has formally incorporated a joint venture with Chinese electric vehicle maker BYD to conduct the research and development for battery electric… Continue reading BYD, Toyota finalize 50:50 JV to develop EV batteries
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Honda extends North American auto plant shutdowns
FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy WASHINGTON (Reuters) – Honda Motor Co (7267.T) said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 and at its plant in Celaya, central Mexico,… Continue reading Honda extends North American auto plant shutdowns
Daimler secures $13 billion loan facility
FRANKFURT, April 2 (Reuters) – Daimler said on Thursday it has signed an agreement for a 12 billion euro ($13 billion) credit line to increase its financial flexibility in the current coronavirus crisis. The credit line comes in addition to an 11 billion euro revolving credit with a term until 2025, including extension options. The… Continue reading Daimler secures $13 billion loan facility
Ford says post-crisis support for U.S. customers ‘would be appropriate’
(Reuters) – Ford Motor Co’s (F.N) U.S. sales chief said on Thursday the automaker believes some level of government stimulus will be needed for consumers once the coronavirus pandemic recedes and that the crisis will spur a permanent shift toward more online vehicle sales in America. FILE PHOTO: The front grill logo of a Ford… Continue reading Ford says post-crisis support for U.S. customers ‘would be appropriate’
Honda extends U.S., Canada auto plant shutdown through April 10
FILE PHOTO: The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy WASHINGTON (Reuters) – Honda Motor Co (7267.T) said Thursday it will extend a shutdown of all U.S. and Canadian auto plant production through April 10 because of the ongoing coronavirus outbreak. A growing… Continue reading Honda extends U.S., Canada auto plant shutdown through April 10
Fiat Chrysler to start three Italian sites immediately after lockdown ends: union
FILE PHOTO: New Fiat 500 electric cars are displayed at a Fiat Chrysler event held to unveil its first electric model, in Milan, Italy, March 4, 2020. REUTERS/Flavio Lo Scalzo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) aims to restart operations at three Italian sites as soon as the government lifts coronavirus restrictions on manufacturing, a… Continue reading Fiat Chrysler to start three Italian sites immediately after lockdown ends: union
BYD and Toyota BEV R&D JV to begin operations next month
BYD Company (BYD) and Toyota Motor Corporation have announced today that preparations have proceeded since they signed an agreement for the establishment of a joint venture company to conduct research and development of battery electric vehicles (BEVs) on November 7, 2019, and registration of the new company has been completed. Operations are scheduled to commence… Continue reading BYD and Toyota BEV R&D JV to begin operations next month
March 2020 strongest month so far: Purchase premium drives demand for electric cars to record highs
Jan Woitas / dpa central image An electrically powered BMW i3 in downtown Leipzig Last March, more applications were made for the electric car and plug-in hybrid purchase premium than ever in a month. A total of 12,365 people or companies registered with the responsible Federal Office of Economics and Export Control, as can be… Continue reading March 2020 strongest month so far: Purchase premium drives demand for electric cars to record highs
Bosch led Project 3F presents results on automated driving at low speed
Ferrying visitors from tram stop to exhibition center, supplementing public transport routes, moving containers full of packages in a logistics center, are all these are possible use cases for driverless shuttles says German Tier 1 Bosch. The main purpose for the automated shuttles is for them to be able to get safely from point A… Continue reading Bosch led Project 3F presents results on automated driving at low speed
Mercedes-Benz: organic batteries a ‘very promising’ technology
Radical environmentally friendly organic batteries are a “very promising technology” being evaluated by Mercedes-Benz for future use in road cars – but it’s at least 15 years away from mainstream production. The technology was previewed on the future-gazing Mercedes-Benz Vision AVTR concept car unveiled earlier this year. Organic batteries are made from graphene-based organic-cell chemistry with… Continue reading Mercedes-Benz: organic batteries a ‘very promising’ technology