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BMW closes factories in Europe and South Africa for one month

One more. During the presentation of financial results on Wednesday March 18, the German premium car manufacturer BMW announced the closure of its “European and Rosslyn factories” in South Africa by the end of the week, for a period fixed until April 19. To read the entire article, SUBSCRIBE For immediate access, pay online by… Continue reading BMW closes factories in Europe and South Africa for one month

UPDATE 1-Fiat again halts Atessa, its only functioning assembly site in Europe

MILAN (Reuters) – Fiat Chrysler (FCHA.MI) has again halted its Atessa plant in Italy due to disruptions in parts supply linked to the coronavirus outbreak, after it was reopened on Tuesday, a union representative said on Wednesday. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S.… Continue reading UPDATE 1-Fiat again halts Atessa, its only functioning assembly site in Europe

Kia officially reveals new, fourth-generation Sorento SUV

Kia Motors Corporation today officially unveiled the fourth-generation model of its flagship SUV: the Sorento.  The new Sorento, which aims to raise standards in the midsize SUV class for space, efficiency and quality, sits at the heart of Kia’s reinvigorated global SUV line-up, which also includes the Seltos, Stonic, Telluride and Sportage. Emilio Herrera, Chief… Continue reading Kia officially reveals new, fourth-generation Sorento SUV

Chinese EV maker Nio raises going concern doubts

Chinese electric vehicle start-up Nio Inc. company logo is on display on its initial public offering (IPO) day at the NYSE in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid (Reuters) – Cash-strapped Chinese electric vehicle (EV) maker Nio Inc (NIO.N) said on Wednesday there was substantial doubt in its ability to continue as a… Continue reading Chinese EV maker Nio raises going concern doubts

2021 Ineos Grenadier: rugged 4×4 previewed in official video – Autocar

Ineos has previewed the upcoming Grenadier 4×4 ahead of its official unveiling next year. In the first of a series of behind-the-scenes videos released on the Ineos website that’s set to culminate in a full debut for the rugged 4×4, viewers are given an in-depth look at the Grenadier’s box-section ladder frame chassis and beam-axle front and rear… Continue reading 2021 Ineos Grenadier: rugged 4×4 previewed in official video – Autocar

Abwaaab Closes $2.4M Pre-Seed Funding Round

Abwaaab Technologies, an Amman, Jordan-based online learning platform, closed a $2.4M pre-seed funding round. The round was kicked off by Adam Tech Ventures and joined by Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund (“ISSF”), a London-based investment fund. The startup plans to use this funding to develop its product and grow its… Continue reading Abwaaab Closes $2.4M Pre-Seed Funding Round

Nissan to stop producing cars in Indonesia as part of reorganisation plan

FILE PHOTO: Nissan Motor chief executive Makoto Uchida speaks during a news conference at Nissan Motor headquarters in Yokohama, Japan, December 2, 2019. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Nissan Motor Co (7201.T) on Wednesday said it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which has… Continue reading Nissan to stop producing cars in Indonesia as part of reorganisation plan

BMW and Toyota suspend European operations

Automotive industry Plants in Oxfordshire and Derbyshire affected as coronavirus affects carmakers Coronavirus – latest updates See all our coronavirus coverage BMW makes Minis at its Cowley plant near Oxford. Photograph: Tolga Akmen/AFP/Getty Images BMW and Toyota have joined a rapidly lengthening list of carmakers shutting down European operations, affecting UK plants in Oxfordshire and… Continue reading BMW and Toyota suspend European operations