Faraday Future, Twitter To say Faraday Future has had a rough time would be an understatement between its financial crisis, executive exodus and CEO troubles. However, things might be looking up for the electric car maker. A Business Insider source has claimed that an unnamed Hong Kong backer has promised a $1.5 billion investment, $550… Continue reading Faraday Future may have received a $1.5 billion lifeline
Tag: Manufacturing
Two out of every three Spaniards would buy an electric car if it cost less than 15,000 euros
Almost 70% of Spaniards believe that the manufacture of electric vehicles does not stand out because it does not interest large corporations and oil companies. Electric and hybrid vehicles are a rising trend worldwide. The truth is that pollution levels, greater environmental awareness and the need for renewal of the vehicle fleet – which exceeds… Continue reading Two out of every three Spaniards would buy an electric car if it cost less than 15,000 euros
GM, South Korea Set for Standoff After Automaker Threatens Exit
General Motors Co. and South Korean authorities are set for a standoff after the automaker announced a plan to shut one factory and threatened to leave the country entirely if concessions aren’t made to stem mounting losses. South Korean officials will hold talks with GM about ways to keep the carmaker’s operations open, the finance ministry… Continue reading GM, South Korea Set for Standoff After Automaker Threatens Exit
Daimler warns of supply chain risk from switch to electric cars
Daimler said spending on research and development would increase slightly in 2018 after spending 8.7 billion euros in 2017, a rise of 15 percent. FRANKFURT, – Daimler AG, owner of the Mercedes-Benz brand, warned that a fall in demand for diesel cars and a switch to electric vehicles could force it to prop up its… Continue reading Daimler warns of supply chain risk from switch to electric cars
Geely to build NEV production base in E China
Lynk & Co, Geely Auto Group’s new car brand, launches in China on Nov 29, 2017. [Photo provided to chinadaily.com.cn] HANGZHOU – Zhejiang Geely Holding Group will set up a complex for new energy vehicles (NEV) at a cost of more than $5 billion in East China’s Zhejiang province. The auto maker on Sunday signed… Continue reading Geely to build NEV production base in E China
E-mobility 12.02.2018 A clear plan for change Staff at the Braunschweig site are set to start building battery systems. mehr
Batteries in cars are now responsible for far more than simply storing electrical energy. These days, we talk about “battery systems.” These are components comprising over 2,000 individual parts, like in the e-Golf, for example – including cell modules, controllers, battery control units, and the housing. All weighing barely 350 kilograms. “We have to be… Continue reading E-mobility 12.02.2018 A clear plan for change Staff at the Braunschweig site are set to start building battery systems. mehr
Gestamp acquires a plant in Brazil to supply Toyota
2.13.2018 Gestamp, the Spanish multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has announced the acquisition of a plant in the city of Sorocaba, in the state of São Paulo (Brazil). Gestamp has signed the acquisition of a plant from the local group Scorpios Indústria… Continue reading Gestamp acquires a plant in Brazil to supply Toyota
Rising tire prices are driving Michelin’s good results in 2017
The Clermont group has posted a net profit of 1.7 billion euros, new historical high and higher than the consensus Inquiry Financial for Thomson Reuters, which gave 1.665 billion. On the other hand, net sales (+ 5% to 21.960 billion) and operating profit on current activities (+ 1.9% to 2.742 billion) are lower than the… Continue reading Rising tire prices are driving Michelin’s good results in 2017
Robot taxis with enormous growth figures
According to a study by TrendForce, robotic taxis show growth of 80 percent per year. What happens when autonomous driving is introduced and the taxis drive by themselves? There have already been some studies, such as the analysis of the loss of jobs, the loss of private cars and more research, Common to all studies,… Continue reading Robot taxis with enormous growth figures
PROTON CLARIFIES STATEMENT BY PEKEMA
PRESS PROTON CLARIFIES STATEMENT BY PEKEMA Posted on Feb 13, 2018 Subang Jaya, 12 February 2018– PROTON would like to respond to the article entitled, Pengedar Bumiputera Proton Tertekan that was published on 11 February 2018 by Utusan Malaysia. We would firstly like to thank PEKEMA and its members for highlighting issues faced by its… Continue reading PROTON CLARIFIES STATEMENT BY PEKEMA