Mahindra and LG Chem collaborate for Li-ion battery technology To jointly support EV revolution in India Mumbai, February 26, 2018: Mahindra & Mahindra Ltd., a part of the US $19 billion Mahindra Group and LG Chem, Korea’s leading manufacturer of advanced batteries, today announced a collaboration in the field of advanced Li-ion battery technology. Under… Continue reading Mahindra and LG Chem collaborate for Li-ion battery technology
Tag: Manufacturing
Honda Sets Monthly Records for Automobile Production
Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of January 2018. Worldwide Production January 2018 Units vs.’17 Japan 61,693 -1.9% Outside of Japan 411,302 * +17.6% Worldwide Total 472,995 * +14.6% * Record high for month of January Production Outside… Continue reading Honda Sets Monthly Records for Automobile Production
News Release – Geneva Motor Show: Magna Offers Unique Expertise in Complete Vehicle Manufacturing
Please click HERE for a PDF version of the release. Magna’s exhibit located in Hall 6, Booth 6261 Only contract manufacturer to produce vehicles with different powertrains on a single production line Networked smart factory provides efficient and competitive operations SAILAUF, Germany, Feb. 26, 2018 (GLOBE NEWSWIRE) — Magna International helps shape future mobility across… Continue reading News Release – Geneva Motor Show: Magna Offers Unique Expertise in Complete Vehicle Manufacturing
Nissan production, sales and exports for January 2018
YOKOHAMA, Japan (Feb. 27, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for January 2018. 1. Production Nissan’s global production in January surpassed year-earlier results, the first increase in four months, setting a record for the month of January. Production in Japan declined from a year earlier. Production outside Japan… Continue reading Nissan production, sales and exports for January 2018
TMC Announces Results for January 2018
Toyota Motor Corporation (TMC) announces its production, domestic sales, and export results for January 2018, including those for subsidiaries Daihatsu Motor Co., Ltd., and Hino Motors, Ltd.
Mazda Production and Sales Results for January 2018 (Flash Report)
2018/02/27 Production and Sales Mazda Motor Corporation’s production and sales results for January 2018 are summarized below. Note 1: Overseas production figures indicate Mazda-branded units coming off the production line (excluding CKD units). However, non-Mazda-branded passenger vehicles produced at the Mexico plant are included.Note 2: Global production figures are the sum of domestic and overseas… Continue reading Mazda Production and Sales Results for January 2018 (Flash Report)
Subaru Corporation Announces Production, Japan Sales and Export Resultsfor January 2018 (Flash Report)
January 2018 Units 2018 vs 2017 Domestic production *1 44,693 -11.4% First y/y decrease in 2 months Overseas production *2 29,292 -9.4% 2nd consecutive month of y/y decrease Global production total 73,985 -10.7% 3rd consecutive month of y/y decrease Passenger vehicles 9,384 -26.2% 3rd consecutive month of y/y decrease Mini vehicles 2,734 -1.0% 7th consecutive… Continue reading Subaru Corporation Announces Production, Japan Sales and Export Resultsfor January 2018 (Flash Report)
Tesla’s Model 3 Production Deadline Hangs on Shipping Equipment from Germany
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More on this:1 Roadster Starman Has Run-in with Russian Astronauts in Hilarious Spoof2 Tesla Semi Production to Reach 100,000 Units a Year3 Musk Talks Tesla Model Y Production Details4 Bankruptcy News: Is Tesla Going The Way of The Dodo?5 Falcon Heavy: Why Elon Musk's Insanity Matters
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Tesla's Model 3 Production Deadline Hangs on Shipping Equipment from Germany
13 Feb 2018, 13:00 UTC · by Vlad Mitrache
/ Home / News / Industry
4 photosThe Tesla Model 3 has had a rough start in life by any standards, and the fact all eyes were on it sure didn't make it any easier for anyone involved in the process.
Elon Musk admitted to suffering from a case of depression during the time his company was struggling to get out of what it had called “production hell,” but that was to be expected considering he neglected sleep to work side by side with the rest of the team.
The official stance now is that Tesla is out of the woods despite failing to meet its production deadlines after pushing them back several times. Right now it's gunning for 2,500 units a week by the end of the first quarter (that would be March 31) and double that by the end of the second quarter.
In the meantime, the company has just come off the worst quarter in its history regarding losses, which has forced the decision of postponing the launch of the base Model 3, the one with the 200-mile range and $35,000 entry price, until the end of the year. The slower than anticipated production is already hampering Tesla's income, so rolling out a vehicle with a much lower profit margin wouldn't be a wise choice.
Now, though, we hear the 2,500 units for the end of March target might be in danger as well. The Gigafactory plant in Reno where the battery cells and modules for the Model 3 are being built is missing a key component of its lineup if the goal is to be met.
The automated system for module production is currently sitting at its German subsidiary Grohmann Automation, some 5,350 miles and an ocean away from where it should be. The good news is everything is working, the bad news is it needs to be taken apart, transported, and put back together, all under the pressure of the end of Q1 deadline.
Here it is in Elon Musk's words, during his conference call with financial analysts: “That's got to be disassembled, brought over to the Gigafactory, and re-assembled and then brought into operation at the Gigafactory. It's not a question of whether it works or not. It's just a question of disassembly, transport, and reassembly,”
It looks like Tesla is playing it dangerously close once again, and it will be interesting to see the impact on its shares value if the deadlines aren't met for the umpteenth time. Because, as far as we know, there aren't any rocket launches planned just before March 31, right?
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Gestamp recorded revenues of €8,202m in 2017
2.26.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded revenues of €8,202m in 2017, according to its full year results. Revenues have increased by 8.6% over the previous year, more than six times the growth of production volumes in Gestamp’s footprint… Continue reading Gestamp recorded revenues of €8,202m in 2017
Aston Martin boss: record profits show financial turnaround is complete
Aston Martin posted a profit of £87 million in 2017 – £250 million more than the £163 million loss the brand achieved in 2016. This was driven by a 58% upswing in global sales compared with 2016, with 5117 cars finding homes across the year. £876 million in revenue was raised – 48% up on 2016.… Continue reading Aston Martin boss: record profits show financial turnaround is complete