Category: Automotive

Omega Seiki invests INR 100 crores for manufacturing facility in Bangladesh

The vehicles will be powered by Li-Ion batteries and with powertrains to be built in Bangladesh, with technology transfers from India. New Delhi: Electric vehicle manufacturer Omega Seiki Pvt Ltd has invested INR 100 crore to set up a manufacturing facility near Dhaka in Bangladesh. The new company will be registered as OSM-Bangladesh, Omega Seiki… Continue reading Omega Seiki invests INR 100 crores for manufacturing facility in Bangladesh

@Groupe PSA: PR 25 FEBRUARY 2021, THE PEUGEOT LION ROARS LOUDER001267

The world’s oldest surviving Automotive Brand is reaffirming its personality and character with a new logo. It is turning over a new page in its history.  On 25 February 2021, PEUGEOT unveiled its new logo: a coat of arms adorned with a magnificent lion’s head.Since 1850, PEUGEOT has had ten successive logos, all of which… Continue reading @Groupe PSA: PR 25 FEBRUARY 2021, THE PEUGEOT LION ROARS LOUDER001267

Toyota delays opening of new Myanmar plant in wake of coup

BANGKOK — Toyota Motor has decided to postpone the opening of a new plant in Myanmar amid heightened political uncertainty following the Feb. 1 coup, Nikkei Asia has learned. The plant was scheduled to open this month. As a showdown continues between the military and demonstrators, the Japanese automaker has concluded it will be difficult… Continue reading Toyota delays opening of new Myanmar plant in wake of coup

Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units

New business with multiple global automakers starts in 2022Technology allows drivers to see surroundings all around the vehicleEnables safer, more convenient driving and parkingAURORA, Ontario, Feb. 25, 2021 (GLOBE NEWSWIRE) — Global automakers will soon be able to offer 3D surround-view systems in more vehicles, thanks to Magna’s new surround view cameras and electronic control… Continue reading Magna to Deliver 3D Surround View With Next-Gen Cameras and Electronic Control Units

Future of Vauxhall’s Ellesmere Port factory hangs in balance

The owner of Vauxhall has claimed it is considering the closure of its Ellesmere Port factory unless the UK government offers financial support after extended negotiations. An executive of Stellantis, the carmaker, on Thursday said it hoped to reach a binding agreement with the government on aid. Michael Lohscheller, the head of Stellantis’s Opel and… Continue reading Future of Vauxhall’s Ellesmere Port factory hangs in balance

Tesla has reportedly temporarily halted production on its Model 3 line in California

Tesla told workers at its Fremont, California factory it would temporarily shut down production, a source told Bloomberg. The Tesla Model 3 line shutdown would last from February 22 to March 7, the source said. Tesla said last month that production could be impacted by the global semiconductor shortage. Visit the Business section of Insider… Continue reading Tesla has reportedly temporarily halted production on its Model 3 line in California

Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast 

GetGo, a Singapore-based carsharing platform, has launched its services in the country while Her Capital has announced its first investment in Hong Kong-based human resource (HR) tech startup Neufast. GetGo to roll out 400 vehicles in Singapore GetGo, a Singapore-based carsharing platform, announced its launch on Thursday and said it will be rolling out 400… Continue reading Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast 

Suzuki Motor Corp’s five-year plan bullish on growth from India

After celebrating 100 years of its existence in March last year, Japanese auto giant Suzuki Motor Corporation (SMC) has revealed its next five-year mid-term management plan which determines its actionable outlines for growth between April 2021 and March 2026. The company is going to rely on emerging economies like India, which will continue to be… Continue reading Suzuki Motor Corp’s five-year plan bullish on growth from India