Category: Newswire

Indus Motor shuts down plant

Indus Motor Company (IMC), the maker of Toyota vehicles, has decided to shut down all production for the remaining days of September, bringing the total number of “non-production days” (NPDs) to 15 in the month due to continuing fall in demand.Toyota Hilux production and sales plunged to 793units and 716 units from 1,383 and units 1,292 units, a drop of 42pc and 44pc respectively.Further, production and sales of Toyota Fortuner came down to 232 units and 162 units from 484 units and 424 units, a drop of 52pc and 62pc respectively.

Main Owner ZF´s Sale is Welcomed

STOCKHOLM, Sept. 20, 2019 /PRNewswire/ — “I might go so far as to call it an early Christmas present to both Haldex and our customers. If I could wish for another, it would be that Knorr-Bremse should now be inspired by the message and begin the process of selling its stake as well.” In this… Continue reading Main Owner ZF´s Sale is Welcomed

Neuron EV Paves the Way for An Electric Future

IRVINE, Calif., Sept. 19, 2019 /PRNewswire/ — The transportation industry is currently at a crossroads, as consumers begin to transition to electric vehicles. The industry today is worth $10 trillion dollars, and the electric vehicle market is projected to reach 27 million units by 2030, growing vastly from an estimated 3 million units in 2019. The… Continue reading Neuron EV Paves the Way for An Electric Future

Carro invests US$30m in Malaysian car bidding platform

AUTOMOTIVE marketplace operator Carro has made a US$30 million investment in myTukar, a car-bidding online platform in Malaysia, the startup announced on Thursday.The strategic investment marks Carro’s entry into Malaysia as part of its regional expansion plans.With the fresh funds, myTukar will expand further in Malaysia and set up a car financing centre to offer auto loan services.

Neuron EV Announces Exclusive Preview Of Product Line

IRVINE, Calif., Sept. 19, 2019 /PRNewswire/ — Neuron EV has announced it will showcase their products at an upcoming international event in November where VIPs will have an exclusive preview into the Neuron EV product line. They’re also planning a spread of exhibitions for the public. The transportation industry is currently at a crossroads, as consumers begin… Continue reading Neuron EV Announces Exclusive Preview Of Product Line

Navistar To Build Industry Benchmark Manufacturing Facility In San Antonio, Texas

LISLE, Ill., Sept. 19, 2019 /PRNewswire/ — Navistar, a leading maker of commercial trucks and buses, announced it will be making a capital investment of more than $250 million to build a new manufacturing facility in the state of Texas. The investment, which is contingent on finalization of various incentive packages, will bring approximately 600 jobs… Continue reading Navistar To Build Industry Benchmark Manufacturing Facility In San Antonio, Texas

Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ — Wunder Mobility, the fastest-growing mobility technology company in Europe, today announced its official U.S. headquarters based in Los Angeles. The company also announced it has completed $60 million in Series B financing from existing investors, including Blumberg Capital and KCK. The expansion and new capital will enhance Wunder Mobility’s capabilities… Continue reading Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators