Automotive industry Insolvency expected after failure of last-minute buyout talks Latest: Wrightbus goes into administration, putting 1,400 jobs at risk Wrightbus manufactured London’s New Routemaster buses. Photograph: Marek Slusarczyk/Alamy Stock Photo Wrightbus, one of Northern Ireland’s largest employers with 1,400 staff, is expected to slump into administration tomorrow after failing to securing an eleventh-hour rescue… Continue reading Northern Ireland’s Wrightbus expected to go into administration
Category: News Site
South Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant
SEOUL (Reuters) – South Korean auto parts maker Myongshin, which bought a shuttered General Motors’ factory, has agreed to supply more than 50,000 electric vehicles a year to Chinese venture Future Mobility Corp (FMC). A supplier to Tesla Inc, Myongshin signed a deal on Wednesday to manufacture the electric vehicles for FMC’s Byton brand beginning… Continue reading South Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant
S.Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant
SEOUL (Reuters) – South Korean auto parts maker Myongshin, which bought a shuttered General Motors’ factory, has agreed to supply more than 50,000 electric vehicles a year to Chinese venture Future Mobility Corp (FMC). A supplier to Tesla Inc, Myongshin signed a deal on Wednesday to manufacture the electric vehicles for FMC’s Byton brand beginning… Continue reading S.Korea’s Myongshin to build EVs for Chinese brand at ex-GM plant
Renault ready to be part of a European batteries project: chairman
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – Renault (RENA.PA) is ready to be part of a European batteries project provided it makes economic sense to do so, the French carmaker’s chairman said on… Continue reading Renault ready to be part of a European batteries project: chairman
Toyota may bring global suppliers to India: Report
Toyota is also looking to establish a separate entity for manufacturing electric and hybrid vehicles, the report said. New Delhi: Auto major Toyota Kirloskar Motor is planning to consider bringing some of the key suppliers from its global network to set up manufacturing units in India. The discussion came after the government’s announcement to slash… Continue reading Toyota may bring global suppliers to India: Report
Ford to put struggling India business into venture with Mahindra
Ford and Mahindra also are jointly developing a mid-sized sport-utility vehicle for India. Ford Motor Co. is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd. after failing to make meaningful inroads for more than two decades in the world’s fourth-largest automobile market, people with knowledge… Continue reading Ford to put struggling India business into venture with Mahindra
Toyota preparing next-gen Mirai fuel-cell car for 2020 launch: chairman
FILE PHOTO: Toyota Motor Corp.’s Mirai fuel cell vehicle (FCV) is displayed at the company headquarters in Toyota, Aichi prefecture, Japan May 17, 2018. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Toyota Motor Corp (7203.T) is preparing to launch the second generation of its Mirai fuel-cell car next year, Chairman Takeshi Uchiyamada said on Wednesday. He… Continue reading Toyota preparing next-gen Mirai fuel-cell car for 2020 launch: chairman
FCA diesel exec indicted in emissions cheating case
Fiat Chrysler Automobiles NV’s senior manager of diesel engine calibration has been indicted on charges related to the company’s use of software on about 104,000 diesel-powered pickups and SUVs that is similar to the “defeat devices” Volkswagen AG used to cheat U.S. emissions testing. Emanuele Palma, 40, of Bloomfield Hills is facing charges of violating the Clean Air Act, wire fraud, false… Continue reading FCA diesel exec indicted in emissions cheating case
Renault-FCA merger ‘behind us’, French carmaker says
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau PARIS (Reuters) – Fiat Chrysler’s $35 billion merger offer for Renault, which was abandoned in June, was no longer on the table, the French carmaker’s Chairman Jean-Dominique Senard said on… Continue reading Renault-FCA merger ‘behind us’, French carmaker says
Honda aims to phase out diesel vehicles in Europe by 2021
Sponsored Links jetcityimage via Getty Images The backlash against diesel following the Dieselgate scandal continues, especially in Europe. With a ruling in a German court that cities have the right to ban diesel motors all together, and Germany’s federal council calling for a ban on new internal combustion engine vehicles by 2030, manufacturers are scrambling… Continue reading Honda aims to phase out diesel vehicles in Europe by 2021