Category: Automotive

Greater Noida plant closure sees 1,300 Honda employees take VRS, 20 relocated to iCAT

After last week’s media reports that it has ceased manufacturing operations at its Greater Noida plant, Honda Cars India (HCIL) today officially confirmed the same in a press statement. The company release states: “To maintain sustainability of operations by leveraging production and supply chain efficiencies, HCIL has decided to consolidate the manufacturing operations for vehicles… Continue reading Greater Noida plant closure sees 1,300 Honda employees take VRS, 20 relocated to iCAT

Nikola and Republic Services End Collaboration on Refuse Truck

PHOENIX, Dec. 23, 2020 /PRNewswire/ — Nikola Corporation (NASDAQ: NKLA) announced today that Nikola and Republic Services (NYSE: RSG) have discontinued their collaboration on refuse truck development. The goal of the collaboration was to design and build an industry-first fully integrated refuse truck based on a zero-emissions battery-electric drive platform and body while also integrating multiple… Continue reading Nikola and Republic Services End Collaboration on Refuse Truck

@niche: Xos Trucks Partners with DLL to Finance the Transition for Trucks to Fully Electric000396

LOS ANGELES, Dec. 22, 2020 (GLOBE NEWSWIRE) — XosTrucks, Inc., a leading manufacturer of fully electric commercial vehicles, is pleased to announce a partnership with DLL to provide financing for electric vehicles. DLL, a global asset finance partner focused on enabling businesses to more easily access equipment to help them grown, is a wholly-owned subsidiary… Continue reading @niche: Xos Trucks Partners with DLL to Finance the Transition for Trucks to Fully Electric000396

@niche: EV maker Canoo’s stock set to surge under new ticker symbol ‘GOEV’000396

TipRanks J.P. Morgan: 2 Cruise Line Stocks to Bet on (And 1 to Avoid) The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. We’re still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on… Continue reading @niche: EV maker Canoo’s stock set to surge under new ticker symbol ‘GOEV’000396

@Hyundai: E-FOREST, The Future Mobility Smart Factory

Play The E-FOREST brand vision was revealed – an innovative smart factory of Hyundai/Kia Motors that would connect people, nature, and technology into one. Hyundai/Kia Motors announced the brand name of the smart factory, which applied innovative automation methods such as artificial intelligence (AI) and robot technology, as ‘E-Forest’, and revealed the vision that E-Forest… Continue reading @Hyundai: E-FOREST, The Future Mobility Smart Factory

@Mitsubishi: MITSUBISHI MOTORS Starts First Overseas Production of OUTLANDER PHEV in Thailand

TOKYO, Dec 23, 2020 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) started local production of the OUTLANDER PHEV, a plug-in hybrid EV (PHEV), at the Laemchabang Factory of MITSUBISHI MOTORS THAILAND, a local production and sales company in Thailand. A ceremony to commemorate the line-off of the first local production OUTLANDER PHEV was held… Continue reading @Mitsubishi: MITSUBISHI MOTORS Starts First Overseas Production of OUTLANDER PHEV in Thailand

Chinese autonomous driving startup WeRide bags $200M in funding

WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong. Mega investments aren’t uncommon at companies like WeRide developing the next-generation level 4 driving standard, which denotes that the car can handle the majority of driving situations independently without… Continue reading Chinese autonomous driving startup WeRide bags $200M in funding

Hyundai buys GM’s car plant in Russia’s St. Petersburg

(Representative image) MOSCOW: South-Korean automaker Hyundai Motor has completed the acquisition of a General Motors factory in Russia’s St. Petersburg, Hyundai spokeswoman Yulia Tikhonravova told reporters at an online conference on Tuesday. The GM factory with a capacity of up to 100,000 cars per year was built in Shushary in the suburbs of St. Petersburg… Continue reading Hyundai buys GM’s car plant in Russia’s St. Petersburg