Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry presented its results for 2019 with revenues of €9,065m in a challenging year for the automotive sector. The reported revenue figure implies a 6.3% growth rate at constant FX in a market that decreased… Continue reading Gestamp recorded revenues of €9,065m in 201927.02.2020Gestamp is prepared to deliver sustainable development and performance and to achieve it lightwe…
Tag: Manufacturing
@GM: Punch Group Acquires General Motors Propulsion Engineering Center in Turin, Italy
Punch Group Acquires General Motors Propulsion Engineering Center in Turin, Italy Agreement ensures continued operations and employment for Turin workforce 2020-02-27 TURIN, Italy — Punch Group and General Motors announced today that Punch Group has acquired GM’s propulsion engineering center in Turin. The transaction between the two companies includes an engineering services agreement to support… Continue reading @GM: Punch Group Acquires General Motors Propulsion Engineering Center in Turin, Italy
Gilead, Moderna Candidates Ramp Up Coronavirus Drug, Vaccine Testing
February 27th, 2020 Xconomy National — An investigational antiviral drug Gilead Sciences has been developing to treat infections caused by the Ebola virus will be tested in about 1,000 adults diagnosed with COVID-19, the novel coronavirus that has infected tens of thousands of people and killed more than 2,500. On Wednesday, Foster City, CA-based Gilead… Continue reading Gilead, Moderna Candidates Ramp Up Coronavirus Drug, Vaccine Testing
Tesla sales in China drop despite start of local production, people panic and TSLA crashes
Tesla’s sales in China have dropped significantly in the first month of the year despite Tesla starting local production and deliveries. The drop also happened before the ramp-up in fear over the coronavirus and now Tesla’s stock is taking a major hit. The entire market has been hit this week due to fear of the… Continue reading Tesla sales in China drop despite start of local production, people panic and TSLA crashes
Tesla’s massive 1GWh Megapack battery project with PG&E is approved
Tesla’s massive project to deploy 1GWh of Megapacks to create a giant energy storage system in California with PG&E has received approval from the local authorities. We first learned of the project at PG&E’s Moss Landing substation when they submitted it to CPUC and the company was in talks with Tesla in 2017. It involves four separate energy storage… Continue reading Tesla’s massive 1GWh Megapack battery project with PG&E is approved
UK engine manufacturing falls -1.7% in January
27 February 2020 #SMMT News #UK Manufacturing UK engine manufacturing down -1.7% in January, with 238,193 units built. Decline driven by -7.9% fall in overseas demand, with 140,418 engines sent abroad. Dependence on overseas trade highlights the need for an ambitious future trade deal with EU. Mike Hawes, SMMT Chief Executive, said, While it is… Continue reading UK engine manufacturing falls -1.7% in January
British commercial vehicle production down -10.7% in January
27 February 2020 #SMMT News #UK Manufacturing Start of 2020 sees UK commercial vehicle manufacturing fall -10.7%, following remarkable 49.1% growth in January 2019.1 Production falls for both home and overseas markets, down -8.8% and -12.2% respectively. Fifth consecutive month of decline in home demand, with 352 fewer UK-built CVs than last year. UK commercial… Continue reading British commercial vehicle production down -10.7% in January
Improvement in UK car exports fails to offset domestic decline as production falls in January
27 February 2020 #SMMT News #UK Manufacturing UK car production dips -2.1% in January, the fifth successive month of decline. Exports increase 4.1% to some 97,870 units while production for the UK falls -23.9%. Industry calls for supportive measures in upcoming Budget to boost British market. British car production fell -2.1% in the first month… Continue reading Improvement in UK car exports fails to offset domestic decline as production falls in January
@VW Group: All-new OCTAVIA RS iV plug-in hybrid is the ŠKODA highlight at the Geneva Motor Show
Its black ŠKODA grille, dynamic front apron with black Air Curtains and a rear apron featuring Aero Flaps and a matching rear diffuser in sporty black instantly identify the all-new OCTAVIA RS iV as a member of the RS family. The black alloy wheel design reveals brake callipers finished in red; the saloon’s tailgate comes… Continue reading @VW Group: All-new OCTAVIA RS iV plug-in hybrid is the ŠKODA highlight at the Geneva Motor Show
@Toyota: TMC Has Updated Results for January 2020
Toyota City, Japan, February 27, 2020―Toyota Motor Corporation (TMC) announces its sales, production, and export results for January 2020, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. To view more information on the sales, production, and export results by country and region, including specific details on the reasons for any changes… Continue reading @Toyota: TMC Has Updated Results for January 2020