SEOUL (Reuters) – Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday, as it reels from tumbling sales and massive overcapacity in its biggest market. FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of… Continue reading Hyundai may suspend production at one of its Chinese plants as slowdown bites
Tag: Manufacturing
Audi installs used lithium-ion batteries in factory vehicles
A second life for batteries from electric cars: Audi is testing factory vehicles powered by used lithium-ion batteries at its main plant in Ingolstadt. Like all automobile manufacturers, Audi is obliged by law to take back energy carriers after they have been used in cars. Because they still have a large proportion of their original… Continue reading Audi installs used lithium-ion batteries in factory vehicles
Auto parts supplier: Schaeffler increases conversion speed and wants to delete 900 jobs
Assembly in the Schweinfurt factory The European plants are to be rearranged, small parts of the business to be sold. (Photo: Bloomberg) MunichThe pressure on the SchaefflerGroup comes from two sides: On the one hand, the automotive supplier like many competitors suffers from the weak economy in the automotive industry. Last year, the family-owned company… Continue reading Auto parts supplier: Schaeffler increases conversion speed and wants to delete 900 jobs
Schaeffler CEO Klaus Rosenfeld: “Five European locations are being put to the test”
Klaus Rosenfeld “We want to avoid redundancies due to operating conditions.” (Photo: AP) The industry is weakening, margins continue to crumble: the SchaefflerCorporation wants to accelerate its transformation with a new corporate program, In doing so, five plants in Europe will be put to the disposition. In addition, investments should be geared even more towards… Continue reading Schaeffler CEO Klaus Rosenfeld: “Five European locations are being put to the test”
Mitsubishi Motors Makes World Premiere of the ENGELBERG TOURER and New "DENDO DRIVE HOUSE" System at Geneva International Motor Show
TOKYO–(BUSINESS WIRE)–Mitsubishi Motors Corporation (MMC) today made the global debut of the MITSUBISHI ENGELBERG TOURER next-generation crossover SUV concept at the 89th Geneva International Motor Show*1. Embodying the “Drive your Ambition” corporate tagline, the MITSUBISHI ENGELBERG TOURER uses MMC’s established and advanced electrification and all-wheel control technologies to raise SUV appeal to a new level.… Continue reading Mitsubishi Motors Makes World Premiere of the ENGELBERG TOURER and New "DENDO DRIVE HOUSE" System at Geneva International Motor Show
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2018 Financial Results
Quarterly Total Revenues reached RMB3,435.6 million (US$499.7 million)(1)Quarterly Deliveries of the ES8 reached 7,980 vehicles Full Year Total Revenues reached RMB4,951.2 million (US$720.1 million)Full Year Deliveries of the ES8 reached 11,348 vehicles (2) SHANGHAI, China, March 05, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle… Continue reading NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2018 Financial Results
Bugatti unveils the most expensive new car ever built
Bugatti just unveiled the most expensive new car ever built
7 Hours Ago | 01:01
Bugatti, the French sports car brand that is now owned by German automaker Volkswagen, has revealed the most expensive new car ever built.
With a sale price of 16.7 million euros ($19 million), the Bugatti La Voiture Noire was publicly debuted Tuesday at the Geneva International Motor Show in Switzerland.
Only one example of the model has been built and was developed to mark Bugatti’s 110th anniversary.
The company said the six-tailpipe “hypercar” represents the pinnacle of Bugatti’s production line. The 8-liter engine has 16 cylinders and 1500 brake horse power.
The new owner hasn’t been revealed but several industry reports suggest that former Volkswagen Group chairman Ferdinand Piech has added it to his collection of high-end cars.
Bugatti says the car is “more than a modern interpretation” of Jean Bugatti’s Type 57 SC Atlantic, of which only four were ever made.
Michael Cole | Corbis Sport | Getty Images
1938 Bugatti Type 57SC Atlantic
Volkswagen Reveals Its Mobile Fast Charging Station In Geneva
Volkswagen Group Components unveiled in Geneva a near-series design study of its flexible fast charging station, which will enter series production in 2020 in Hanover. The first of those multi-head 100 kW fast chargers with 360 kWh of energy storage is to be installed later this year in Wolfsburg. In total, Wolfsburg will get 80… Continue reading Volkswagen Reveals Its Mobile Fast Charging Station In Geneva
VinFast launches limited edition Lux SUV in Switzerland – Viet Nam News
Viet Nam News HÀ NỘI — VinFast will introduce its first Lux SUV model at the Geneva Motor Show 2019 in Switzerland, one of the most exciting displays of auto engineering and design in the world, from March 7-17. Being equipped with a powerful 6.2-litre V8 engine and outstanding interior and exterior, the new VinFast… Continue reading VinFast launches limited edition Lux SUV in Switzerland – Viet Nam News
First VinFast cars to undergo rigorous European testing – The Phnom Penh Post
THE first VinFast cars will be tested in Europe on March 6 this year, the Vietnam News Agency reported. The cars will have to pass the most rigorous tests in order to ensure quality according to international standards. VinFast’s Lux model is expected to meet the five-star Asean NCAP, which is the New Car Assessment… Continue reading First VinFast cars to undergo rigorous European testing – The Phnom Penh Post