Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020 -Positive revenue development in both segments based on a strong first half of 2019-Group revenue of 2.04 billion euros and operating EBIT totaling 77 million euros-Production stops at customers in the automotive and commercial vehicle segments requiring capacity adjustments at Grammer plants… Continue reading Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020
Category: Newswire
FCA Releases 2019 Sustainability Report Highlighting Environmental, Social and Economic Initiatives
FCA works to manage the societal and environmental impacts of its activities and products and to develop innovative solutions to reduce its total environmental footprint. The Company embraces its operational responsibility to contribute to the relevant Sustainable Development Goals (SDGs) supporting the United Nations 2030 Agenda. In 2019, the Company further reduced its environmental footprint… Continue reading FCA Releases 2019 Sustainability Report Highlighting Environmental, Social and Economic Initiatives
German carmaker BMW orders 5,000 robots from automation specialist KUKA
BERLIN, April 15 (Xinhua) — German robotics maker KUKA announced on Wednesday that car manufacturer BMW has ordered 5,000 robots for its production lines and factories.
The industrial robots would be used primarily in car body manufacturing at international plants of BMW, according to KUKA.
For more than 40 years, BMW had been using KUKA's automation technology.
“We are delighted by the successful continuation of this partnership,” said Peter Mohnen, chief executive officer (CEO) of KUKA.
For 2020, KUKA is expecting a challenging market environment that would be worsened by the COVID-19 pandemic.
“The pandemic is presenting society and the economy with entirely new challenges,” said Mohnen when presenting the 2019 results in March.
The Chinese MIDEA Group, having completed the takeover of KUKA in 2017, controls 94.55 percent of its shares.
Ford Is Testing Buzzing Wristbands to Keep Workers Apart
A dozen Ford Motor Co. workers are experimenting with wearable social-distancing devices that could be deployed more widely once the carmaker reopens idled manufacturing plants.
Aston Martin extends manufacturing suspensions by a week over coronavirus
LONDON, April 15 (Reuters) – Aston Martin is extending by a week the manufacturing suspensions in place at its two car factories, ahead of the arrival of its crucial first sport utility vehicle, whilst lockdown measures to combat coronavirus continue.
The luxury automaker, which secured fresh investment earlier this year after struggling since a stock market flotation in late 2018, is banking on the DBX model to drive sales in a new segment, appealing more to female buyers.
On March 30, the company said the vehicle was on time for first deliveries to dealers in the summer “dependent on production and supply chains returning as currently anticipated” with its sites then due to open on April 20.
“Considering the current global and local position on suppliers and employees, the business is now extending this temporary suspension until Monday 27 April, subject to ongoing review of the changing circumstances,” it said in a statement on Wednesday.
“The business will look to resume operations..
Kongsberg Automotive – Investor Presentation April 2020
Tue, Apr 14, 2020 21:43 CET Kongsberg Automotive ASA has, as announced 8 April 2020, summoned for an Extraordinary General Meeting to be held 30 April 2020 for inter alia approval of proposals for an increase of the share capital by directed placement, a convertible loan and a subsequent “repair” emission of shares. Kongsberg Automotive… Continue reading Kongsberg Automotive – Investor Presentation April 2020
ZF Partners with Detroit Sewn to Manufacture 100,000 Face Masks for Community
Developed for frontline healthcare workers and individuals in the community with high risk for infection, such as soup kitchens, nursing homes and other essential organizations, these masks will contribute to the fight against the contagion as ZF shifts production of some of its normal automotive safety products to this now critically needed item. “The world… Continue reading ZF Partners with Detroit Sewn to Manufacture 100,000 Face Masks for Community
Parts supplier warns of rough road ahead for China’s car market
…. While supply chain disruptions and parts shortages are an issue, the bigger challenge is the lack of consumer demand, even as the pandemic increases the appeal of using privately owned cars over public…
RENAULT: Groupe Renault sets its new Strategy for China
PRESS RELEASE Groupe Renault sets its new Strategy for ChinaGroupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV).Groupe Renault will transfer its shares in Dongfeng Renault Automotive Company Ltd (DRAC) to Dongfeng Motor Corporation. DRAC will stop its Renault brand-related activities.LCV business is operated through Renault Brilliance Jinbei Automotive… Continue reading RENAULT: Groupe Renault sets its new Strategy for China
Carmakers From Audi to Hyundai Begin Rebooting European Plants
Volkswagen AG’s Audi unit, the group’s largest profit contributor, is among automakers gradually reopening factories in Europe, even as coronavirus lockdowns drag on across much of the region.