Cummins Inc has announced the acquisition of Johnson Matthey’s UK automotive battery systems business, a subsidiary of Johnson Matthey that specialises in high-voltage automotive grade battery systems for electric and hybrid vehicles. As part of the acquisition, Cummins and Johnson Matthey also agreed to collaborate on the development of high energy battery materials for commercial… Continue reading Cummins acquires Johnson Matthey’s automotive battery systems business
Category: Automotive
Lost in translation? GM plant shutdown shocks South Korea
SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit. In what they thought were meet-and-greet introductions, senior officials agreed to work… Continue reading Lost in translation? GM plant shutdown shocks South Korea
Statement: Column-Shifter Brake Transmission Shift Interlock (BTSI)
FCA US LLC is voluntarily recalling an estimated 180,975 trucks in the U.S. to help prevent occupants from inadvertently shifting their vehicles out of “park.”
Fight against driving bans: Taxpayers to finance retrofitting for diesel
All articles and backgrounds 02/16/2018 Fight against driving bans Diesel retrofits are apparently to be paid from tax money DPA Traffic in Dusseldorf The discussed hardware retrofits for older diesel cars are to be promoted according to media reports also with state money. But the plans encounter resistance. Owners of diesel cars should possibly be… Continue reading Fight against driving bans: Taxpayers to finance retrofitting for diesel
2017 FINANCIAL RESULTS: Renault performance achieves historic record, including sales, revenues, operating margin and net income
Group revenues came to €58,770 million (+14.7%), including €2,727 million for AVTOVAZ. Excluding the impact of the AVTOVAZ consolidation, Group revenues increased by 9.4% to €56,043 million (+10.1% at constant exchange rates).
Plastic Omnium sets new “records” in 2017
“2017 was a new record year,” said Jean-Michel Szczerba, co-CEO of Plastic Omnium, at the presentation of the financial results on February 15th. Last year, the equipment manufacturer recorded a 15% increase in both its turnover (8 billion euros) and its operating margin (which now represents 9.5% of sales) . The net result jumped by… Continue reading Plastic Omnium sets new “records” in 2017
Faraday Future: Money & Partners
The startup Faraday Future has found new money and partners for the further development of the FF91. Faraday Future wants to push with an autonomous luxury e-car on the market and thus especially against Tesla compete. That failed in the meantime at the high costs. Now you have obviously found money and cooperation partners. Screenshot… Continue reading Faraday Future: Money & Partners
FAURECIA RÉSULTATS ANNUELS 2017 – SOLIDES PERFORMANCES 2017 AVEC UNE MARGE OPÉRATIONNELLE DE 7 % AU S2 ; GUIDANCE 2018 EN AVANCE SUR LE PLAN DE MARCHE ; PRISES DE COMMANDES RECORD À 62 MILLIARDS D’…
FAURECIA FULL-YEAR 2017 RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 ; 2018 GUIDANCE AHEAD OF ROADMAP ; RECORD ORDER INTAKE AT €62BN, UP €9BN ; ACCELERATION OF IN…
Mahindra & Mahindra to take 16 percent stake in Zoomcar
In November 2017, Mahindra Electric and Zoomcar launched 20 Mahindra e20 PLus EVs for hire by residents and visitors in Mysore. Mahindra & Mahindra (M&M) has announced that it is to invest in Zoomcar India and in Zoomcar Inc, its US incorporated holding parent company, in line with the automaker’s thrust on the shared mobility… Continue reading Mahindra & Mahindra to take 16 percent stake in Zoomcar