MG Motor India, one of the two latest automotive entrants in the Indian market to have been witnessing a contrasting trend in an otherwise de-growing business environment, has now announced its retail performance for the month of October. The company has revealed that sales of its sole product the MG Hector SUV stood at 3,536… Continue reading MG Hector clocks 3,536 units in October
Tag: Manufacturing
Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…
Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented its results today for the first nine months of 2019 with revenues reaching €6,572m. Gestamp outperformed the auto production market during 9M 2019 with a 6.8% growth rate in revenues (7.0% at constant FX)… Continue reading Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…
UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
(Adds comments from French, Italian unions) PARIS/MILAN, Oct 31 (Reuters) – European labour unions have called on Peugeot owner PSA and Fiat Chrysler to avoid job cuts and factory closures as the two major carmakers prepare to tie the knot, underscoring worries about the $50 billion deal as the regional economy falters. As PSA and… Continue reading UPDATE 1-European labour unions fret about jobs in Fiat Chrysler-PSA deal
UK engine manufacturing shows -1.9% decline in September
31 October 2019 #SMMT News #UK Manufacturing UK engine manufacturing down -1.9% in September, as demand declines at home and internationally. Year to date performance lags -7.4% behind 2018 with orders from British plants suffering biggest fall. More than six out of 10 UK-built engines shipped overseas, highlighting importance of frictionless trade. Mike Hawes, SMMT… Continue reading UK engine manufacturing shows -1.9% decline in September
UK CV production falls back in September, down -11.7%
31 October 2019 #SMMT News #UK Manufacturing UK commercial vehicle production declines -11.7% in September, as home demand takes a hit. Output for overseas markets rises 25.4%, but domestic orders fall in double digits, -44.5%. Performance for first nine months down -13.2%, equivalent to 8,063 fewer CVs. UK commercial vehicle (CV) production declined -11.7% in… Continue reading UK CV production falls back in September, down -11.7%
Turbulent first nine months for automotive sector as UK car production reverses -3.8% in September
31 October 2019 #SMMT News #UK Manufacturing UK car production falls -3.8% in September to 122,256 units, rounding off turbulent first nine months for sector. Manufacturing for both domestic and overseas markets declines, -5.1% and -3.4% respectively. Year-to-date performance down -15.6% as political and economic turmoil, softness in key global markets and operational changes impact… Continue reading Turbulent first nine months for automotive sector as UK car production reverses -3.8% in September
Fisker Ocean Will Be An Electric SUV For Enjoying, Not Buying
This is what the company promises with an app that will be released on November 27. Oceans are not for sale. People can only use them – most of the time, in unwise ways. Fisker’s idea for its electric SUV is more or less the same. Perhaps by coincidence, it will also be called Ocean.… Continue reading Fisker Ocean Will Be An Electric SUV For Enjoying, Not Buying
Nidec Completes Acquisition of OMRON Automotive Electronics Co. Ltd.
KYOTO, Japan, Oct. 31, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the acquisition of OMRON Automotive Electronics Co. Ltd. (“OMRON Automotive Electronics”) from OMRON Corporation (“OMRON”) (the “Stock Acquisition”) on October 31, 2019 (Japan time), in accordance with a stock purchase… Continue reading Nidec Completes Acquisition of OMRON Automotive Electronics Co. Ltd.
Ford plans to close engine plant in Michigan as part of UAW deal
FILE PHOTO: The Ford logo is seen at the Ford oldest Brazil plant in Sao Bernardo do Campo, Brazil September 3, 2019. REUTERS/Rahel Patrasso WASHINGTON (Reuters) – Ford Motor Co (F.N) plans to close an engine plant in Romeo, Michigan as part of a tentative agreement with the United Auto Workers union for a new… Continue reading Ford plans to close engine plant in Michigan as part of UAW deal
Fisker Ocean affordable electric SUV detailed
American start-up company Fisker has revealed that its upcoming electric SUV will be called the Ocean and unveiled in production-ready guise on January 4, 2020. The company is claiming to have designed “the world’s most sustainable vehicle”, with recycled, vegan and other natural products used throughout. Its American-Danish founder, Henrik Fisker, recently confirmed that the production model… Continue reading Fisker Ocean affordable electric SUV detailed