SEAT continues to spearhead the introduction of compressed natural gas (CNG) technology, giving customers the widest choice of vehicles that are cleaner, more sustainable and offer even greater efficiency. The brand’s range includes the Mii Ecofuel, Ibiza TGI, Arona TGI and Leon TGI, meaning there is a CNG-powered vehicle to suit every lifestyle and taste,… Continue reading SEAT drives forward with CNG line-up
Tag: Manufacturing
One million Sharan – Volkswagen Autoeuropa in Portugal celebrates production anniversary
In Palmela the millionth Sharan has rolled off the assembly line. The millionth Sharan has rolled off the assembly line in Portugal The most popular family van in its segment has been manufactured by Volkswagen Autoeuropa since 1995 This multivariable van is available in 33 markets Today, the millionth Sharan rolled off the assembly line… Continue reading One million Sharan – Volkswagen Autoeuropa in Portugal celebrates production anniversary
Joint statement from the IG Metall and Opel Management
Rüsselsheim. An important meeting between IG Metall and management took place yesterday. The topic was the planned capacity utilization and the investments in the German plants to fulfil the collective agreements. “Part of these investment commitments based on competitive structures has already been fulfilled, including the allocation of the Grandland X to Eisenach. We also… Continue reading Joint statement from the IG Metall and Opel Management
UPDATE 3-Panasonic reviewing further investment in Tesla Gigafactory
TOKYO/BENGALURU (Reuters) – Panasonic Corp and Tesla Inc are holding off on further investment in the U.S. electric carmaker’s Nevada Gigafactory while they squeeze more out of existing resources and study market demand, the companies said on Thursday. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of… Continue reading UPDATE 3-Panasonic reviewing further investment in Tesla Gigafactory
HyreCar Renews Insurance Partnership
Working closely with Y-Risk to maximize efficiencies in its insurance program, HyreCar significantly reduced its costs, secured increased capacity, and enhanced insurance features that allow two new service tiers that better address the needs of customers. Photo via Depositphotos. HyreCar and Y-Risk, a brand of The Hartford, have renewed their parntership that supplies HyreCar with a multi-faceted… Continue reading HyreCar Renews Insurance Partnership
Techno-Classica in Essen: “Every car can be saved” – Porsche and VW revamp vintage cars
Porsche 911 from the year 1968 A classic at the Techno Classica in Essen. But the big price jumps are over for the time being. (Photo: AP) EssenThe car was once a Porsche 356 A Cabriolet – and it should be again. Now the 1959 built car but completely disassembled, and the bare body is… Continue reading Techno-Classica in Essen: “Every car can be saved” – Porsche and VW revamp vintage cars
BMW relies on VR and AR in production
In production, BMW is increasingly focusing on augmented reality (AR) and virtual reality (VR). The graphic representations of AR and VR are getting better and better BMW says it’s hard to tell from reality. The impressions are made via glasses or via tablets, which makes them suitable for production or quality control. AR deployment at… Continue reading BMW relies on VR and AR in production
Renault, Nissan and Mitsubishi: a summit to get back to work
This had never been done, and one wonders why. Jean-Dominique Senard, the new president of Renault, invited this Thursday evening to dinner staffs and directors of Renault, Nissan and Mitsubishi in full force. The feasts must take place on the Champs-Elysées, at Atelier Renault. A friendly and inexpensive way to try to pick up the… Continue reading Renault, Nissan and Mitsubishi: a summit to get back to work
Volkswagen eyes big stake in China partner JAC, taps Goldman: sources
HONG KONG/FRANKFURT (Reuters) – Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said. FILE PHOTO: FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen… Continue reading Volkswagen eyes big stake in China partner JAC, taps Goldman: sources
Nidec to Acquire DESCH Antriebstechnik GmbH & Co. KG and Its Group Companies
FOR IMMEDIATE RELEASE
Nidec Corporation
Tokyo Stock Exchange code: 6594
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Released on February 1, 2019, in Kyoto, Japan
Nidec to Acquire DESCH Antriebstechnik GmbH & Co. KG and Its
Group Companies
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has agreed to acquire a 70% ownership of a privately owned German company, DESCH Antriebstechnik GmbH & Co. KG and its group companies in Germany and China (collectively “DESCH”), from its owners on January 31, 2019 (the “Transaction”) through Nidec-Shimpo GmbH, a Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation. Details are as follows:
1. Outline of DESCH
(1) Company Name:
DESCH Antriebstechnik GmbH & Co. KG and its group companies
(2) Headquarters:
Arnsberg, Germany
(3) Foundation:
1906
(4) Directors:
Hendrik Desch, CEO
Olaf Desch, Managing ..