Apollo Vredestein, (AVBV) part of Apollo Tyres, an international tyre major with manufacturing units in India, the Netherlands and Hungary, today organised a meeting with its employees in the Netherlands to discuss the future of the plant in Enschede and the company’s plans to build a more sustainable business for the company in the Netherlands.… Continue reading Apollo Vredestein to cut workforce, manufacture only high-performance tyres at Enschede facility
Tag: Manufacturing
@BMW: BMW Group Plant Dingolfing tests fully connected logistics
Dingolfing. Autonomous, connected and intelligent: As part of a three-year research project supported by the Bavarian Ministry of Economic Affairs, Regional Development and Energy, the BMW Group and three partner companies from Bavaria are exploring the possibilities for making BMW Group Plant Dingolfing a smart factory for logistics. The “Autonomous and Connected Logistics” research project… Continue reading @BMW: BMW Group Plant Dingolfing tests fully connected logistics
NIO Announces US$235 Million Private Placements of Short-term Convertible Notes
SHANGHAI, China, March 05, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced that it has entered into definitive transaction documents with several unaffiliated Asia-based investment funds (the “Purchasers”), pursuant to which NIO will issue and sell convertible notes in an aggregate principal… Continue reading NIO Announces US$235 Million Private Placements of Short-term Convertible Notes
@Geely-Volvo: Volvo Cars inaugurates new battery assembly line at Ghent manufacturing plant
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Gumpert Aiways reveals production-version of methanol-fuelled Nathalie
Chinese firm Gumpert Aiways, led by renowned ex-Audi engineer Roland Gumpert and backed by Chinese EV start-up Aiways, has revealed the production version of its long-awaited Nathalie methanol fuel-cell sports EV. The first models to be sold will be in €407,000 (£353,520/Rs 3 crore) First Edition guise, which has a bespoke paint scheme, and deliveries are due… Continue reading Gumpert Aiways reveals production-version of methanol-fuelled Nathalie
UK’s Bristol Cars begins liquidation process to pay creditors
Beleaguered British car maker Bristol Cars has officially been wound up, with the court-ordered liquidation process now under way. Documents sent to Companies House reveal the High Court of Justice decided in December that the firm, which has been in existence since 1945, should be wound up, with assets sold off to pay creditors in December. The… Continue reading UK’s Bristol Cars begins liquidation process to pay creditors
STM to acquire majority stake in Exagan to drive automotive business
STMicroelectronics (STM), a leading semiconductor maker has signed an agreement to acquire a majority stake in France-based Gallium Nitride (GaN) innovator Exagan, which is said to be leading player in epitaxy, product development and application know-how, that will help STM broaden and accelerate its GaN roadmap and business for automotive, industrial and consumer applications. Exagan… Continue reading STM to acquire majority stake in Exagan to drive automotive business
Kia has launched production of its plug-in hybrid car in Slovakia
Kia Motors Slovakia, a carmaker based in the northern-Slovak city of Žilina, is progressing in the production of plug-in hybrids.The new XCeed PHEV model will go on sale in Europe in the second half of 2020.Both plug-in hybrid (PHEV) models, XCeed and Sportswagon are soley produced in the Žilina plant.
Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem
Sales up slightly at €44.5 billion (2018: €44.4 billion) Market growth: about -6 percent; organic sales growth: -2.6 percent Adjusted operating result: €3.2 billion (2018: €4.1 billion); adjusted EBIT margin 7.4 percent (2018: 9.3 percent) Operating result (-€268 million) and net income (-€1.2 billion) negative due to non-cash write-downs already reported Free cash flow before acquisitions and carve-out effects: €1.3 billion (2018: €1.9 billion) Proposed dividend:… Continue reading Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem
@GM: GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio
GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio 2020-03-04 WARREN, Mich. – Starting today, General Motors Co. (NYSE: GM) is gathering hundreds of employees, dealers, investors, analysts, media and policymakers to share details of its strategy to grow the company’s electric vehicle (EV) sales quickly, efficiently and profitably.… Continue reading @GM: GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio