New Delhi: Home-grown auto major Tata Motors today said it will sell its defense business to group entity Tata Advanced Systems Ltd (TASL), subject to requisite approvals. The deal will not include the pure civilian vehicles which will continue to be with Tata Motors, the company said in a statement. The Board of Tata Motors… Continue reading Tata Motors to sell defence, aerospace business to Tata Advanced Systems
Tag: Manufacturing
Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Domestic PV and CV major Tata Motors has announced that its board has approved, subject to requisite regulatory and other approvals, to sell its defence and aerospace business to Tata Advanced Systems. The decision is as part of its ‘Turnaround 2.0’ plan, to take necessary steps to further its defence business by leveraging the scale… Continue reading Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Adient reports second quarter 2018 financial results
PLYMOUTH, Mich., May 3, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter earnings. Q2 GAAP net income and EPS diluted of $(168) million and $(1.80), respectively; GAAP results reflect a net $279 million non-cash goodwill impairment charge related to ADNT’s SS&M segment Q2 Adjusted-EBIT and Adjusted-EBITDA of… Continue reading Adient reports second quarter 2018 financial results
Movement in restructuring negotiations: PSA boss Tavares wants to present future plan for Opel
All articles and backgrounds 05/03/2018 Movement in restructuring negotiations PSA boss Tavares wants to submit a future plan for Opel DPA Opel boss Michael Lohscheller (r) and PSA CEO Carlos Tavares: “Opel and its employees must be respected” In the tug of war with the works council for the future of Opel, the powerful PSA… Continue reading Movement in restructuring negotiations: PSA boss Tavares wants to present future plan for Opel
Kia Fits Soul EV With Wireless Charging
HATCI and Mojo used a small fleet of Kia Soul EVs equipped with a wireless charging system rated at over 10 kW. The partners developed an 85% efficient system (grid to vehicle), even when misaligned. The bad news is that there is no current plan to offer the wireless charging system on production vehicles for sale… Continue reading Kia Fits Soul EV With Wireless Charging
Tesla quarterly figures: Elon Musk blasphemes about Daimler CEO Zetsche – “has no idea of physics”
Bizarre conference call: “Elon Musk has to behave smarter” Elon Musk is considered by many to be the enfant terrible of the tech industry. That the boss of Tesla, SpaceX and Boring Company can actually perform childishly, Musk proved on Wednesday night. That proves that now published the analyst conference call minutes to the Tesla-quarter… Continue reading Tesla quarterly figures: Elon Musk blasphemes about Daimler CEO Zetsche – “has no idea of physics”
Opel: PSA in the trap of German co-management
They have everything to understand each other. Jörg Hofmann speaks French since he studied in Paris and his Portuguese wife attended the same high school as Carlos Tavares in Lisbon. And yet, the current is electric between the president of the German union IG Metall and the boss of PSA, which he blames for wanting… Continue reading Opel: PSA in the trap of German co-management
BMW Group to double Mini sales with 2nd-gen Countryman
Vikram Pawah, president, BMW Group India, at the launch of the Mini Countryman in Delhi BMW Group which comprises the BMW, Mini and BMW Motorrad sub-brands is riding high on the success of its premium model offerings in the country. The Group, which registered cumulative sales of 9,800 units in CY2017, grew at a notable… Continue reading BMW Group to double Mini sales with 2nd-gen Countryman
GM builds driverless, electric future at Orion plant
Buy Photo Orion Assembly worker Justine Murphy installs the rear suspension on a Chevy Bolt last month. (Photo: Clarence Tabb Jr. / The Detroit News)Buy Photo Orion Township — A General Motors Co. manufacturing plant in Metro Detroit that was idled during the Detroit automaker’s federally induced bankruptcy is now one of the keys to… Continue reading GM builds driverless, electric future at Orion plant
General Motors is 3D printing parts to make EVs more efficient
General Motors The virtues of 3D printing have long been touted by a vast range of manufacturers, so it was only a matter of time before the EV industry got in on the action. General Motors has announced that, alongside design software company Autodesk Inc, it’s creating lightweight 3D parts that’ll help it meet its… Continue reading General Motors is 3D printing parts to make EVs more efficient