UK engineering giant GKN has agreed to merge part of its business with US company Dana, as it seeks to fend off a takeover bid from Melrose Industries. The merger will combine GKN’s Driveline division with US auto-engineer Dana in a deal worth $6.1bn (£4.4bn). It comes as Melrose has a £7.4bn offer on the… Continue reading GKN and Dana agree auto-engineering merger for $6.1bn
Tag: Manufacturing
Volkswagen’s head of electric mobility says China will drive autonomy roll-out
What’s the biggest motivating factor behind automakers embracing autonomous vehicles and self-driving? You might think ‘safety’ or maybe even consumer demand, but in truth the biggest driver might be China and its incentivization programs for automakers. Much like China’s rules for qualifying for subsidies and restrictions on selling vehicles in market have led to automakers… Continue reading Volkswagen’s head of electric mobility says China will drive autonomy roll-out
McLaren BP23 ‘Hyper-GT’ will be the fastest McLaren ever produced
Alongside the Senna GTR, McLaren used the Geneva Motor Show to reveal that the forthcoming three-seat ‘Hyper-GT’ will be the fastest car the brand has ever produced. It’s said to be capable of exceeding 243mph, which is faster than the once record-breaking McLaren F1 of the nineties. We are yet to see the new model,… Continue reading McLaren BP23 ‘Hyper-GT’ will be the fastest McLaren ever produced
Dana Announces Agreement to Combine with GKN’s Driveline Division
MAUMEE, Ohio, March 9, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has signed definitive agreements to combine with the Driveline division of GKN plc (LON: GKN) to create Dana plc, a global leader in driveline systems. The total consideration is composed of $1.6 billion in cash proceeds to GKN plc, the assumption… Continue reading Dana Announces Agreement to Combine with GKN’s Driveline Division
Honda reaches 25 million vehicles manufactured in the US
Posted 09/03/2018 11: 42: 37CET MARYSVILLE (UNITED STATES), 9 Mar. (EUROPA PRESS) – Honda has manufactured 25 million vehicles in the United States (US) since the Japanese firm began its activity in the US in 1982 with its plant in Marysville, Ohio, according to a statement. The company that now presides Takahiro Hachigo became 36… Continue reading Honda reaches 25 million vehicles manufactured in the US
Mazda and Toyota invest 1,300 million in a joint venture to produce 300,000 vehicles in the US
Posted 09/03/2018 11: 42: 09CET HUNTSVILLE (UNITED STATES), 9 Mar. (EUROPA PRESS) – Mazda and Toyota have invested 1,600 million dollars (1,300 million euros at the current exchange rate) in a joint venture with headquarters in Huntsville, in the State of Alabama (United States), through which they will manufacture up to 300,000 vehicles from of… Continue reading Mazda and Toyota invest 1,300 million in a joint venture to produce 300,000 vehicles in the US
Grab Unveils Southeast Asia’s First Bike-Sharing Marketplace App
Singapore, 9 March 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today unveiled GrabCycle Beta, a marketplace app that will bring mobility partners oBike, GBikes, Anywheel and Popscoot into a single app. With GrabCycle, it’s easy for anyone to find a bike or an e-scooter whenever they need one.… Continue reading Grab Unveils Southeast Asia’s First Bike-Sharing Marketplace App
DENSO to Increase Its shareholding in Renesas Electronics Corporation
KARIYA (Japan) ― DENSO Corporation today announced that it has decided to increase its shareholding in Renesas Electronics Corporation to accelerate the development of various in-vehicle systems including automated driving systems that are becoming more advanced, complicated, and larger in scale than ever before. Renesas has cutting-edge technologies for semiconductors that serve as the key devices… Continue reading DENSO to Increase Its shareholding in Renesas Electronics Corporation
Mazda and Toyota Establish Joint-Venture Company “Mazda Toyota Manufacturing, U.S.A., Inc.”
HUNTSVILLE, Ala., (March 8, 2018) / HIROSHIMA and TOYOTA-CITY, Japan (March 9, 2018) – Mazda Motor Corporation and Toyota Motor Corporation have established their new joint-venture company “Mazda Toyota Manufacturing, U.S.A., Inc.” (MTMUS) that will produce vehicles in Huntsville, Alabama starting in 2021.
A production version of the world’s first ‘real’ flying car has been unveiled at a motor show in Geneva.
The £440,000 ($600,000) twin-engine ‘Pal-V’ craft looks like a hybrid between a motorbike and a helicopterA production version of the vehicle has been displayed for the first time ahead of initial batch shipping in 2019The first edition Pal-V Liberty will cost £437,000 ($599,000) and have a flying range of of 248 an 310 milesThe craft is… Continue reading A production version of the world’s first ‘real’ flying car has been unveiled at a motor show in Geneva.