Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI

Varroc Group’s MD, Tarang Jain: “Turkey is going to be a key market. Its car industry is 1.7 million units strong.” Homegrown auto component major Varroc Engineering is set to take a couple of steps aimed at strengthening its lighting business and entering into a new space. The Aurangabad-headquartered company is set to acquire a… Continue reading Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI

Hyundai elevates India, US, Europe as regional headquarters

NEW DELHI: Hyundai Motor today announced making India and the US as regional headquarters, a move that would provide more functional autonomy for its business activities in these regions. As part of the organisational changes, the company has also elevated Europe as regional headquarters as it plans to grant greater autonomy to each region in… Continue reading Hyundai elevates India, US, Europe as regional headquarters

That drives Opel

*/ ]]> Rüsselsheim TechDay (11-14 June 2018): Around 240 journalists, financial analysts, suppliers, dealers, politicians and employees will learn the key role of the Rüsselsheim Research and Development Center in the global engineering network of Groupe PSA. Although the electrification of the Opel model range is a mainstay of the PACE! Plan, that does not… Continue reading That drives Opel

Tesla chief Elon Musk accuses worker of sabotage

Tesla chief executive Elon Musk has accused an employee of carrying out “extensive and damaging sabotage” at the electric carmaker. In an email to staff, Mr Musk said an unnamed employee made unspecified coding changes to its manufacturing operating system and sent sensitive data to unnamed third parties. The company did not comment and the… Continue reading Tesla chief Elon Musk accuses worker of sabotage

Hyundai union threatens to take legal action if company signs up for car JV

SEOUL, June 19 (Yonhap) — Hyundai Motor Co.’s union said Tuesday it will take legal action if the company signs a contract to invest in a local car-manufacturing joint venture proposed by a municipal government. Hyundai Motor originally planned to sign an agreement with the Gwangju city government on Tuesday to become the second-largest shareholder… Continue reading Hyundai union threatens to take legal action if company signs up for car JV

Trust Ford to transform four dealerships into Ford Stores

Trust Ford, the factory-owned dealer group has announced the redevelopment of four dealerships into Ford Stores. Work to turn sites in Cribbs Causeway and Staines into new format Ford Stores is underway, with the revamped developments expected to open in autumn. Sites in Newtownards Road and Lisburn, Northern Ireland, will also become Ford Stores, with… Continue reading Trust Ford to transform four dealerships into Ford Stores