NANJING, Nov. 9 (Xinhua) — JATCO, one of the largest manufacturers of automatic transmissions in the world, put its new plant into operation on Friday in Zhangjiagang of east China's Jiangsu Province.
It is the second production base set up and wholly funded by the Japanese company in China.
With some 700 employees, the new plant covers 96,000 square meters and has an annual production capacity of 480,000 transmissions.
The main products will be the Jatco CVT8 models, which are used on premium midsize automobiles of Nissan and Renault brands produced by their joint ventures with China's automaker Dongfeng Motor Corporation, JATCO said.
Teruaki Nakatsuka, president of JATCO, said CVT (continuously variable transmission) technology has been a success in the Chinese market with the fuel-efficient and comfortable rides it provides for automobiles.
“China is an important strategic market of JATCO,” Nakatsuka said.
JATCO entered China in 2007 and founded its first manufacturing en..
Category: Newswire
Volkswagen starts mass production of new battery systems in Germany
BERLIN, Nov. 8 (Xinhua) — Germany's largest car manufacturer Volkswagen has started mass production of battery systems for its upcoming electric vehicles, Volkswagen Group announced on Friday.
According to Volkswagen, the newly constructed facility in the German city of Brunswick would be producing up to half a million battery systems annually.
In addition to the production of the new battery systems, the new system's hardware and software was also developed at the Volkswagen facility in Brunswick.
A total of over 300 million euros (331 million U.S. dollars) had been invested in the new building at the company's main production site in Brunswick, the German car manufacturer announced.
“At our Brunswick location, we have a great deal of know-how in the planning and development of the high-voltage battery systems and are now setting new standards in production for the entire group,” said Thomas Schmall, chairman of the board of management at Volkswagen group components.
“..
‘No way around electrification,’ BMW says
Consumers are increasingly turning to electric vehicles – and they’re liking it, said BMW’s chief lobbyist in Europe, calling on policymakers to accelerate charging infrastructure deployment to support the roll-out of electric mobility on a mass scale.On Monday, German automakers met with top government representatives and agreed to roll out 1 million charging points for electric vehicles across the country by 2030.
Daimler to cut 1,100 managing positions worldwide – Sueddeutsche Zeitung
Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company’s works council.
Workhorse Group Reports Third Quarter 2019 Results
CINCINNATI, Nov. 8, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the third quarter ended September 30, 2019. Third Quarter and Recent Operational Highlights November 2019: Signed Intellectual Property Licensing Agreement (IPLA)… Continue reading Workhorse Group Reports Third Quarter 2019 Results
Audi’s new boss sees chance to supercharge the brand
MARKUS Schuster may be German, but he’s probably seen more of South-east Asia than you.Premium organises around 50 events a year for customers as part of its myAudi World loyalty programme.
Renault Triber turns out to be a hit, over 10,000 units already delivered
Renault Triber has received tremendous response following its launch in India on August 28.Renault Triber is available in five colour options — Electric Blue, Ice Cool White, Fiery Red, Metal Mustard, and Moonlight Silver.It comes in four variants — RXE, RXL, RXT and RXZ.
New PSA-Fiat Chrysler management to try to improve cost savings – PSA CEO
PARIS, Nov 8 (Reuters) – The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal, and its management will try to improve that over time, PSA's chief executive told French BFM Business radio on Friday.
Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp.
CINCINNATI, Nov. 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has entered into an intellectual property licensing agreement (“IPLA”) with Lordstown Motors Corp. (“LMC”), a private corporate entity founded by former Workhorse CEO Steve Burns. The… Continue reading Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp.
VinSolutions and INFINITI ICAR-X App Integration Enhances the Digital Showroom Experience with Merged Databases
MISSION, Kan., Nov. 7, 2019 /PRNewswire/ — VinSolutions and INFINITI announce the integration between INFINITI’s ICAR-X Sales app and VinSolutions Connect CRM, combining the two databases to give retailers unabridged access to key customer information from one centralized source. Through this integration INFINITI retailers now have the enhanced ability to offer a seamless online to in-store experience… Continue reading VinSolutions and INFINITI ICAR-X App Integration Enhances the Digital Showroom Experience with Merged Databases