Category: Newswire

BMW Hopes to Regain Lost Ground with Facility Expansion

BMW said Wednesday it will invest W30 billion to expand its logistics center in Anseong, Gyeonggi Province in a bid to regain consumer confidence following massive recalls last year (US$1=W1,215).The logistics center in Anseong handles over 86,000 kinds of parts, making it the largest in Korea among imported car brands.BMW also plans to build a large-scale service center on the outskirts of Seoul.

Toyoda Gosei Invests in AI Startup TRYETING Inc.

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO: 7282) has invested in TRYETING Inc. (Nagoya, Japan) for the rapid development of materials using artificial intelligence (AI)1. TRYETING is a startup out of Nagoya University and provides an AI platform that integrates various types of software. One of the strengths of the company is materials informatics, a… Continue reading Toyoda Gosei Invests in AI Startup TRYETING Inc.

Maruti Suzuki India launches Service on Wheels initiative for doorstep car servicing

Maruti Suzuki India has launched ‘Service on Wheels’ initiative to provide doorstep car servicing facilities to its customers.The new provision boasts of tools and technologies to undertake service, repairs and other related jobs for all Maruti Suzuki passenger vehicles.The Service on Wheels is capable of performing periodic maintenance service and several running repairs for all Maruti Suzuki passenger vehicles.

Car industry continues worldwide downward trend in Q2: Ernst & Young study

BERLIN, Aug. 28 (Xinhua) — The downward trend in the global auto industry in the second quarter (Q2) of this year continued, according to an analysis of the key financial figures of the world's 16 largest auto groups presented by auditing and consulting firm Ernst & Young (EY) in Frankfurt on Wednesday.
“The global automotive industry is experiencing a sales and profit crisis that is still primarily cyclical,” said Constantin Gall, head of Automotive and Transportation at EY.
According to the study, total profits of the world's 16 largest automotive groups had fallen 18 percent in Q2 of 2019.
The number of vehicles sold declined in all major markets and led to five percent global decline in sales, with only Mitsubishi, Honda, Toyota and BMW selling more new cars than a year ago.
French and U.S. car manufacturers recorded the sharpest declines in vehicles sold, of ten percent and nine percent respectively.
Among the largest automobile groups, Toyota was “slightly ahead” of Vo..

Czech business interested in producing solar panels in Zakarpattia region

Czech entrepreneurs are interested in the production of solar panels and renewable energy in Ukraine’s Zakarpattia region.Czech entrepreneurs expressed interest in the production of solar panels and renewable energy in Zakarpattia region.Also, the chairman of Zakarpattia Regional State Administration was informed about the holding of the Czech days in Uzhhorod on September 6-8.