The restart of manufacturing at Toyota’s UK car plant has seen the factory produce its 4.5 millionth vehicle. The landmark model, a 1.8-litre hybrid Corolla Hatchback, came off the line at the Derbyshire plant today, reaffirming that is it’s very much “back-to-business” at the site. Production resumed on 26 May following temporary closure due to… Continue reading @Toyota: Toyota Celebrates Production of its 4.5 millionth British-built Car
Category: Automotive
Herbert Diess, the VW boss developing an apology habit
Mis-steps have started to upset the company’s largest investors, as well as its unions Go to Source
Illegal exhaust technology: Daimler has to recall 170,000 additional diesel vehicles
Mercedes logo Hundreds of thousands of vehicles are affected by the allegation of illegal exhaust technology. (Photo: dpa) Stuttgart The carmaker Daimler has to recall around 170,000 additional diesel vehicles because of the allegation of illegal exhaust technology. Older models of the A, B, C, E and S class are affected by Mercedes Benz with… Continue reading Illegal exhaust technology: Daimler has to recall 170,000 additional diesel vehicles
VW ID3 from September but not with all functions
Volkswagen announced that the ID 3 model will be available in September, but … It was announced in February that the software in ID 3 has some difficulties. The software comes from Volkswagen itself. It was one of the official reasons for the transfer of Herbert Diesswho played this week. VW ID3 From September, however,… Continue reading VW ID3 from September but not with all functions
Kia Motors to expand engine production line in Slovakia
SEOUL, June 12 (Yonhap) — Kia Motors Corp., South Korea’s second-largest automaker, said on Friday that it will invest 70 million euros (US$79 million) to expand its engine production facility in Slovakia. The affiliate of Hyundai Motor Group said it plans to complete the expansion of the engine production line at its plant in Zilina,… Continue reading Kia Motors to expand engine production line in Slovakia
BorgWarner Inc. — Moody’s confirms BorgWarner’s ratings, senior unsecured at Baa1, negative outlook
Moody’s Investors Service, (“Moody’s”) confirmed the senior unsecured rating of BorgWarner, Inc. (“BorgWarner”), at Baa1, and the short-term rating is affirmed at Prime-2. The confirmation of BorgWarner’s Baa1 ratings reflect Moody’s belief that the company’s metrics and credit profile will be solidly positioned by the second half of 2021 as global automotive production recovers from… Continue reading BorgWarner Inc. — Moody’s confirms BorgWarner’s ratings, senior unsecured at Baa1, negative outlook
M&M stops further investments in SsangYong, to shut Genze
Stung by steep losses arising from its international businesses, Mahindra & Mahindra (M&M) has decided to stop any further investments in Ssangyong Motors. The company is said to be aggressively looking for an investor and has not ruled out completely exiting from its South Korean subsidiary. The company announced a ‘Walk-Run-Fly’ strategy to drive the automotive and… Continue reading M&M stops further investments in SsangYong, to shut Genze
@Nissan: A first look at the all-new 2021 Nissan Rogue
June 12, 2020 NASHVILLE, Tenn. – It’s more than a redesign; this is what it means to go Rogue. Catch the debut of the all-new 2021 Nissan Rogue on Nissan News USA on Monday, June 15, 2020 at 9 a.m. EDT. # # # About Nissan North AmericaIn North America, Nissan’s operations include automotive styling,… Continue reading @Nissan: A first look at the all-new 2021 Nissan Rogue
Welsh site ‘preferred’ for battery ‘gigafactory’
The firm behind a proposed battery factory which could create 4,000 jobs has listed a site in Wales as its “preferred option”. Britishvolt, which wants to produce batteries for electric vehicles, said it will build its factory in St Athan, Vale of Glamorgan, or Coventry. The Welsh town is already home to an Aston Martin… Continue reading Welsh site ‘preferred’ for battery ‘gigafactory’
Bitauto Enters into Definitive Agreement for Going-Private Transaction
BEIJING, June 12, 2020 /PRNewswire/ — Bitauto Holdings Limited (“Bitauto” or the “Company”) (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Yiche Holding Limited (“Parent”), and Yiche Mergersub… Continue reading Bitauto Enters into Definitive Agreement for Going-Private Transaction