Category: Newswire

Series production of Aurus luxury cars to start in Q1 2021

/Update/
MOSCOW, December 13. /TASS/. Series production of the Russian luxury car Aurus will start in the first quarter of 2021 at the Ford Sollers plant in Tatarstan, press service of the Russian Ministry of Industry and Trade said on Friday.
“Series production of cars will begin in the first quarter of 2021,” the Ministry says.
The full-cycle production comprises forging facility, engine manufacturing, assembly, painting and welding shops, the Ministry added.
The engine manufacturing facility will comprise metalworking and final assembly.
“A robotic facility enables completing technically complex activities. The plant-show room concept is provided for the assembly shop of Aurus cars. Digital production technologies (digital production twin, Industrial Internet of Things, and RFID), autonomous and augmented reality technologies will be employed,” the Ministry added.
Aurus is a Russian brand of cars for senior officials. The car was designed as part of the Cortege project, which has be..

Scott Rafkin Appointed Volvo Group Chief Digital Officer

GOTHENBURG, Sweden, Dec. 13, 2019 /PRNewswire/ — Scott Rafkin, currently President of Volvo Financial Services, has been appointed to the new position of Executive Vice President and Chief Digital Officer for the Volvo Group, effective January 1, 2020. In this role he will be a member of the Executive Board and report to the Volvo… Continue reading Scott Rafkin Appointed Volvo Group Chief Digital Officer

USMCA will lead automakers to choose US: Former Ford CEO

The U.S.-Mexico-Canada Agreement (USMCA) could lead to automakers deciding to move production to the United States.Under the USMCA’s rules of origin, 75 percent of auto content must be produced in North America for the finished car to be considered a North American product and therefore be subject to agreement’s tariff exemptions.Current NAFTA rules stipulate that only 50 percent of a car’s value is required to be produced in North America to be subject to the agreement’s free trade protections.

Ferrari N.V. signs a new syndicated revolving credit facility

Maranello (Italy), 12 December 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that it has signed on 11 December a Euro 350 million unsecured committed revolving credit facility, intended for general corporate and working capital purposes (the “New RCF”).The New RCF, entered into with a group of twelve banks, has a five-year… Continue reading Ferrari N.V. signs a new syndicated revolving credit facility

PayByPhone and Stillwater Parking Garage Add Parking Options to Downtown Billings, MT

VANCOUVER, Dec. 12, 2019 /PRNewswire/ – PayByPhone, a leading global provider of mobile parking payment solutions, today announced the addition of 417 new parking spaces in Billings, MT, bringing the total number of PayByPhone parking spaces in the city to 1,500. The additional parking spaces will be available in the Stillwater Parking Garage, the newest… Continue reading PayByPhone and Stillwater Parking Garage Add Parking Options to Downtown Billings, MT

Honda de México realiza balance de resultados y actividades durante 2019

Honda reafirma su liderazgo en SUV´s, según cifras del INEGI (Instituto Mexicano de Estadística, Geografía e informática), colocando de enero a noviembre 40,181 unidades de sus modelos Honda CR-V, Honda HR-V, Honda BR-V y Honda Pilot (mercado de SUVs). Si se toman los modelos de manera individual, Honda CR-V es el más vendido para la… Continue reading Honda de México realiza balance de resultados y actividades durante 2019

Kamux Corporation: Flagging Notification in Accordance With Chapter 9, Section 10 of the Securities Markets Act

Kamux Corporation: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act HELSINKI, Dec. 12, 2019 /PRNewswire/ — Kamux Corporation has on 12 December 2019 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the total holdings of shares and voices of Intera Fund… Continue reading Kamux Corporation: Flagging Notification in Accordance With Chapter 9, Section 10 of the Securities Markets Act