Magna International, a Canadian-based automotive multinational, inaugurated on Wednesday its paint shop in the north-eastern town of Hoče, its first investment in Slovenia.
Category: Newswire
German automotive supplier ZF to deliver powertrain for Daimler’s new electric SUV
BERLIN, July 10 (Xinhua) — The powertrain components of Daimler's new electric SUV, the EQC, will come from German automotive supplier ZF Friedrichshafen AG, announced Wolf-Henning Scheider, chief executive officer (CEO) of ZF, in an interview with the newspaper Stuttgarter Zeitung on Wednesday.
Germany's third largest automotive supplier will provide the “complete driveline module” for Daimler's EQC family, from electric motors to single-gear transmissions with differentials, as well as the control software, Scheider explained.
The order placed by Daimler was “an important milestone,” Scheider said, but did not specify the volume of the powertrain order. It is up to Daimler to reveal any “details” of the deal, he said.
Last week, ZF already announced its “second largest single order” by Fiat Chrysler Automobiles (FCA) for eight-speed automatic transmissions, which “feature an integrated electric drive for hybrid variants.”
ZF's cooperation with FCA “confirms our s..
Wheel Reinvented – REE Emerges From Stealth to Power the Future of Mobility
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Is Tesla’s Warning of a Battery Minerals Shortage Nearing Valid or Not
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Automakers scale back production
Auto assemblers have decided to slow down their production in the current month amid backlog of unsold stocks, slowdown in new booking and on spot sales, substantial hike in vehicle prices and new budgetary measures.Honda Atlas Cars Ltd (HACL) has decided to cease production of vehicles from July 12-21.The government has further dented the auto industry with additional taxes and duties in Budget 2019-20 such as five per cent additional customs duty on imported parts coupled with new rates of FED.
Xpeng Motors Launches G3 2020 Edition
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Israeli startup reinvents the wheel, by using it to contain car’s key components
Israeli startup REE has unveiled a “revolutionary” new design and look for electric vehicles, in which all of the classic components of the car — the motor, the steering system, the brakes and the suspension — are moved from under the hood into the wheels.REE’s approach, which will be officially presented on Wednesday at the TechCrunch Mobility event in San Jose, California, strategically places the motor, steering, suspension, drivetrain, sensors, brakes, thermal systems and electronics into the wheels.This allows manufacturers to use the same platform, or car framework, for different types of vehicle bodies.
A Cloud-Based EV Battery Management Service Launched
German supplier Robert Bosch GmbH launches a cloud-based EV battery management system it says will extend a battery’s life by as much as 20%.
Geely Profit Warning Seen as Bad Omen for Other China Carmakers
Geely Automobile Holdings Ltd., controlled by Volvo Cars owner Li Shufu, issued a profit warning that drove down its shares and those of other Chinese automakers as it sparked concern investors are underestimating the depths of the industry’s slump.
Credit Suisse Hires Ford’s Heyer to Lead Auto Tech Banking
Credit Suisse Hires Ford’s Heyer to Lead Auto Tech Banking Bloomberg | Jul 8, 2019 at 7:48 PM Credit Suisse Group AG has hired Joe Heyer from Ford Motor Co. to oversee investment banking in the automotive technology sector.