Category: Newswire

General Motors and LG Chem Team Up to Advance Toward an All-Electric Future, Add Jobs in Ohio

DETROIT, Dec. 5, 2019 /PRNewswire/ — Will create more than 1,100 new jobs in a new, Ohio-based facility Joint venture to drive cost per kilowatt hours to industry-leading levels New battery plant to have an annual capacity of more than 30 gigawatt hours with flexibility for expansion Companies enter joint agreement to develop advanced tech,… Continue reading General Motors and LG Chem Team Up to Advance Toward an All-Electric Future, Add Jobs in Ohio

GM lays off 800 workers during switchover to electric vehicles at Detroit plant

General Motors said Tuesday that it is laying off more than 800 workers as it converts its Detroit Hamtramck plant to an electric vehicle facility.The switch to electric vehicles means the plant won’t need as many workers.FOX Business’ Jason Racki, Grady Trimble and Jonathan Garber contributed to this report.

Nidec Completed Acquisition of Roboteq, Inc.

KYOTO, Japan, Dec. 04, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (the “Company” or “Nidec”) today announced that the Company completed the acquisition of 90% ownership of Roboteq Inc. (“Roboteq”), a U.S.-based designer of ultra-low voltage (ULV) drives, from its owners through Nidec Motor Corporation (the “Transaction”). As a result of the Transaction, Roboteq… Continue reading Nidec Completed Acquisition of Roboteq, Inc.

VW, Daimler Executive Alvaro Ramis Joins Bestmile as VP of Business Development and Strategic Alliances

“Alvaro understands firsthand the importance of building partnerships with cities and other companies to deliver successful mobility services, having established multi-national partnerships in Europe, Asia, the Middle East, and North America,” said Raphael Gindrat, CEO and cofounder of Bestmile. “It takes an ecosystem of businesses and technologies to deliver next generation mobility services, and Alvaro… Continue reading VW, Daimler Executive Alvaro Ramis Joins Bestmile as VP of Business Development and Strategic Alliances

Hyundai Motor Unveils ‘Strategy 2025’ Roadmap to Transition into ‘Smart Mobility Solution Provider’

Hyundai to transition into Smart Mobility Solution Provider by 2025 with two pillars – Smart Mobility Device will expand beyond automobiles to include Personal Air Vehicle (PAV), robotics, last-mile mobility – Smart Mobility Service will offer personalized services and contents on integrated platform Hyundai announces a set of strategic goals – achieve balanced and steady growth – boost profitability… Continue reading Hyundai Motor Unveils ‘Strategy 2025’ Roadmap to Transition into ‘Smart Mobility Solution Provider’

BMW to start building EUR 1 bln plant in Hungary in spring

German carmaker BMW on Tuesday said it will start construction of a EUR 1 billion plant in Debrecen (195 km east of Budapest) in the spring.BMW will launch a recruiting campaign in Debrecen in the coming weeks and extend it to the whole of Hajdú-Bihar County next year.The handover of the plant site took place in September.

Mazda Reports November Sales Results

IRVINE, Calif., Dec. 3, 2019 /PRNewswire/ — Mazda North American Operations (MNAO) today reported total November sales of 24,374 vehicles, an increase of 18 percent compared to the same month in 2018 and Mazda’s overall best November since 1994. Year-to-date sales totaled 252,061 vehicles, a decrease of 8.2 percent. With 26 selling days in November,… Continue reading Mazda Reports November Sales Results