Category: Newswire

Chinese company discusses project to manufacture electric buses in Egypt

CAIRO, July 31 (Xinhua) — Egypt's Minister of Military Production Mohamed Saeid el-Asar and Local Development Minister Mahmoud Shaarawy discussed on Wednesday with officials from China's Foton Motor and IMUT (International Marathon United Technology) companies a new project for jointly manufacturing electric buses, official news agency MENA reported.
Foton officials reviewed the characteristics and the capabilities of the buses to be manufactured in Egypt, the report said.
Foton said it is currently working on exporting the newest electric buses that are suitable for the operation and environment in Egypt.
“Manufacturing electric buses in Egypt is part of a government plan to upgrade the fleet of the public transport authority with an aim to ease the traffic congestion in the capital and the countries' largest cities,” Shaarawy said.
The plan is also meant to localize the electric buses in Egypt and to improve services offered to citizens, he added.
Foton also reviewed ..

Dana Incorporated Announces Strong Second-quarter Results; Affirms Full-year Guidance Ranges

MAUMEE, Ohio, July 31, 2019 /PRNewswire/ — Second-quarter Highlights Strong sales of $2.3 billion, an increase of $252 million compared with second-quarter 2018; represents 11th consecutive quarter of year-over-year sales growth Net loss attributable to Dana of $68 million; diluted EPS a…

BMW aims to capture Korean drivers with bigger, techier new BMW 3 Series

By Baek Byung-yeul BMW’s 3 Series has been a benchmark among small luxury sedans since its 1975 debut, being recognized for its sporty driving character and appealing exterior look such as its iconic kidney grilles.To improve driving performance, the weight has been reduced by 55 kilograms, though it retains a 50:50 weight distribution between the front and rear axles.To qualify for the Top Safety Pick+ rating, a vehicle must earn good ratings in the driver-side small overlap front, passenger-side small overlap front, moderate overlap front, side, roof strength and head restraint tests.

Toyo Tire Plans to Open Factory in Serbia-President Vucic

Japan’s Toyo Tire plans to open a production facility in Serbia in a 390 million euro (£357.09 million) investment deal that would boost Balkan country’s revenues, Serbian president Aleksandar Vucic said on Tuesday.To boost revenues and cut debt Serbia sought to attract foreign investments which in 2018 amounted to 3.2 billion euros.Toyo Tires which has a total of 13,000 employees worldwide, will produce automotive tyres in the northern town of Indjija, outside the capital Belgrade.