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Tag: Manufacturing
Ineos Grenadier: prototypes due in 2018 under new engineering deal
German engineering firm MBtech, which is part-owned by Mercedes-Benz, has signed a deal with Ineos Automotive to engineer its Land Rover Defender-inspired Projekt Grenadier SUV. The technical tie-up will involve MBtech allocating 200 full-time engineers to the project from its Stuttgart base. According to Ineos Automotive CEO Dirk Heilmann, the deal will: “bring together German engineering and British design and entrepreneurship”.… Continue reading Ineos Grenadier: prototypes due in 2018 under new engineering deal
2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP
Record order intake at €62 Bn, up €9 Bn. Acceleration of innovation strategy. Proposed dividend of €1.10 per share, up 22% year-on-year in €m 2016 2017 Change Sales* 15,613.6 16,962.2 +10.6%** Operating income 970.2 1,170.3 +20.6% as % of sales 6.2% 6.9% +70bps Net income from continued operations 532.5 714.5 +34.2% Recurring net cash flow… Continue reading 2017 ANNUAL RESULTS – STRONG PERFORMANCE IN 2017 WITH OPERATING MARGIN AT 7% OF SALES IN H2 2018, GUIDANCE AHEAD OF ROADMAP
Dyson will produce not one, not two, but three electric cars
James Dyson has said that the company has invested “heavily” in solid-state battery technology Electric cars are all the rage now, with manufacturers from Ford and Citroen to BMW and Tesla getting in on the action. What we didn’t expect was a vacuum vendor to make their mark. British firm Dyson, best known for its… Continue reading Dyson will produce not one, not two, but three electric cars
Lost in translation? GM plant shutdown shocks South Korea
SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit. In what they thought were meet-and-greet introductions, senior officials agreed to work… Continue reading Lost in translation? GM plant shutdown shocks South Korea
Plastic Omnium sets new “records” in 2017
“2017 was a new record year,” said Jean-Michel Szczerba, co-CEO of Plastic Omnium, at the presentation of the financial results on February 15th. Last year, the equipment manufacturer recorded a 15% increase in both its turnover (8 billion euros) and its operating margin (which now represents 9.5% of sales) . The net result jumped by… Continue reading Plastic Omnium sets new “records” in 2017
U.S. SAAR History by Month, 1980-current
Feb 12, 2018 U.S. vehicle sales SAAR (seasonally adjusted annual rates) by vehicle type and source by month for 1980-current. Premium Content (PAID Subscription Required) “U.S. SAAR History by Month, 1980-current” is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access… Continue reading U.S. SAAR History by Month, 1980-current
All-electric Vauxhall Corsa will arrive in 2020
Vauxhall has confirmed that the next-generation Corsa – due next year – will feature a fully electrified variant, which will roll off production lines at the brand’s plant in Zaragoza, Spain, in 2020. PSA, which also owns Peugeot, Citroen and DS, took over Vauxhall and its German sister marque Opel in 2017. Late last year, the… Continue reading All-electric Vauxhall Corsa will arrive in 2020
Faurecia to Build New $60 Million Manufacturing Facility in Kansas City Metro
BLUE SPRINGS, Mo., Feb. 15, 2018 /PRNewswire-USNewswire/ — The Kansas City Area Development Council announced today that Faurecia, a leading automotive technology company, will build a new $60 million, 250,000-square-foot interiors production facility in Blue Springs, Missouri, part of the Kansas City area. The company, a global leader in developing automotive seating, interior systems and… Continue reading Faurecia to Build New $60 Million Manufacturing Facility in Kansas City Metro
Faraday gets new cash, California vs EPA could be “war,” electric car charging soars: Today’s Car News
Follow John Today, we’ve got half a billion dollars reportedly backing Faraday Future, a possible ‘war” between California and Trump’s EPA over loosening emission rules, and much more electric-car charging last year. All this and more on Green Car Reports. Struggling electric-car startup Faraday Future reportedly has $1.5 billion of new backing, and plans to… Continue reading Faraday gets new cash, California vs EPA could be “war,” electric car charging soars: Today’s Car News