LG Chem Wroclaw Energy, the Polish subsidiary of South Korea’s top chemical firm LG Chem Ltd., has signed a 480 million-euro (US$530 million) loan agreement with the European Investment Bank (EIB).The television assembly factory is located next to LG Chem’s EV battery plant in Wroclaw.LG Chem supplies EV batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.
Tag: Renault
Ineos Automotive reveals its Defender-like Grenadier SUV in greater detail – Forma car News
Ineos Automotive has revealed some of the principal specs of its upcoming Grenadier SUV, which openly takes after the Land Rover Defender classics. Four years ago, just as the first-gen Defender went out of production, Ineos CEO Jim Ratcliffe contacted Jaguar Land Rover asking to buy the production rights. Facing refusal, he decided to design… Continue reading Ineos Automotive reveals its Defender-like Grenadier SUV in greater detail – Forma car News
Hyundai to suspend car production of cars at St. Petersburg plant during week off
MOSCOW, March 26. / TASS /. Hyundai will suspend car production at its plant in St. Petersburg between March 30 to April 3 in connection with a presidential decree on the announcement of a non-working week in the country, the company said in a statement on Thursday.
“Hyundai Motor Company announces that, according to the decree of the Russian President, in connection with the difficult epidemiological situation associated with the spread of coronavirus, Hyundai Motor Manufacturing Rus plant will suspend production for the period of March 30 to April 3,” the company said.
Earlier, the Nissan plant in St. Petersburg announced a suspension of production for a week for the same reason.
Earlier this week automakers began to suspend production at their Russian factories due to problems with the supply of parts. Volkswagen and PSA have already announced a downtime, while Sollers also announced the risk of suspension of production of cars at UAZ and Ford Sollers. A significant part of the tota..
@Mitsubishi: Mitsubishi Motors North America Names Yoichi Yokozawa President And CEO
Since joining Mitsubishi Motors Corporation (MMC) in August 1998, Yokozawa, 55, has held senior-level positions throughout MMC’s financial, strategic planning, Nissan-MMC Alliance, and global marketing and sales organizations. He was previously president and CEO of MMNA from April 2011 until February 2014. “Yoichi is an experienced team player, and his global background and previous North American… Continue reading @Mitsubishi: Mitsubishi Motors North America Names Yoichi Yokozawa President And CEO
Mitsubishi Corp could take Renault stake in alliance rejig: sources
FILE PHOTO: A logo is seen during the inauguration of Renault-Nissan-Mitsubishi’s joint innovation lab in Tel Aviv, Israel June 10, 2019. REUTERS/Amir Cohen PARIS (Reuters) – Japan’s Mitsubishi Corp (8058.T) could potentially invest in Renault (RENA.PA) as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two… Continue reading Mitsubishi Corp could take Renault stake in alliance rejig: sources
2,000 contract workers let go at Fiat Chrysler as automakers hunker down
Almost 2,000 contract workers across North America at Fiat Chrysler Automobiles will be out of a job as projects are paused, another indication of the pressure the auto industry is under amid the coronavirus pandemic. General Motors Co. and Ford Motor Co., meanwhile, are borrowing billions from existing credit facilities to ensure financial flexibility as… Continue reading 2,000 contract workers let go at Fiat Chrysler as automakers hunker down
Nissan plans to suspend car production in St. Petersburg next week
MOSCOW, March 26. /TASS/. Nissan plans to suspend production of cars at a plant in St. Petersburg as part of the announced paid week off, an official representative of the company told TASS.
Earlier, Russian President Vladimir Putin signed a decree declaring a paid week off in the country from March 30 to April 3.
“We will most likely stop the plant next week, now the procedures necessary for this are underway,” he said.
Previously, the plant also announced transition to work in one shift for several months due to the difficult situation in the car market.
According to the Association of European Businesses (AEB), sales of Nissan cars in Russia in 2019 fell by 20% to 65,000 vehicles. In February 2020, the company sold 5,700 vehicles, which is 7% lower than last year's results.
On March 25, Russian President Vladimir Putin has declared that Russians will have a paid week off due to the coronavirus pandemic, the extended public holiday will last from March 28 to April 5. “Now it is ..
GROUPE RENAULT: OYAK RENAULT TEMPORARILY SUSPENDS THE MANUFACTURING ACTIVITY
PRESS RELEASE Bursa, 25/03/2020OYAK RENAULT TEMPORARILY SUSPENDS THE MANUFACTURING ACTIVITYAs Oyak Renault Automobile Factories, we have been closely following developments for a long time related to the Coronavirus (Covid-19) outbreak that has affected the world.Considering the health of our employees, which is always our priority, we have implemented preventive measures and practices in line… Continue reading GROUPE RENAULT: OYAK RENAULT TEMPORARILY SUSPENDS THE MANUFACTURING ACTIVITY
@Renault: AVTOVAZ: facilities modernization
AVTOVAZ keeps modernizing its production technologies and processes. A large amount of work was carried out in 2019, which resulted in improved quality control, optimized processes and saved funds, as well as improved working conditions for employees. Production efficiency is being improved following the Renault-Nissan Alliance methods – AVTOVAZ is a full-fledged member of the… Continue reading @Renault: AVTOVAZ: facilities modernization
Renault workers use 3D printers to make medical visors
PARIS, March 24 (Reuters) – Renault workers in Spain have begun using 3D printers to manufacture visors for health workers from home, the French carmaker said on Tuesday, in a scheme that could be expanded to make other medical equipment elsewhere.
The move, which echoes experiments under way at other carmakers to find ways to boost production of medical equipment up to and including ventilators, is still small-scale, while shortages in Spain and elsewhere are acute.
Employees sent home because of factory closures have made around 50 mask supports, which are then completed by inserting acetate sheets that shield the face, the company said.
An engineer at the firm said it might be even able to use 3D printers in France to make parts for ventilators, vital for treating severely ill coronavirus patients.