The £440,000 ($600,000) twin-engine ‘Pal-V’ craft looks like a hybrid between a motorbike and a helicopterA production version of the vehicle has been displayed for the first time ahead of initial batch shipping in 2019The first edition Pal-V Liberty will cost £437,000 ($599,000) and have a flying range of of 248 an 310 milesThe craft is… Continue reading A production version of the world’s first ‘real’ flying car has been unveiled at a motor show in Geneva.
Tag: Manufacturing
News Release – Magna Launches New Composites Center of Excellence in Germany
Please click HERE for a PDF version of the release. Brings advanced composites and carbon fiber expertise to European market Develops lightweight structural and exterior components Enables joint development projects with European automakers SAILAUF, Germany, March 07, 2018 — Magna’s new Composites Center of Excellence in Esslingen, Germany, aims to help European automakers meet increasingly… Continue reading News Release – Magna Launches New Composites Center of Excellence in Germany
Citroën shows its priorities internationally
Linda Jackson, director of Citroën, took advantage of Geneva to present the brand’s battle plan to the rafters internationally. In the spotlight: Latin America, Eurasia and the Middle East in particular. Silence on the other hand on its first market outside Europe, China and Southeast Asia, battered in 2017. In 2017, Citroën achieved 26% of… Continue reading Citroën shows its priorities internationally
Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems
Continental AG (CON.XE), a German automotive supplier, said it plans to set up a joint venture with Chinese auto parts maker Sichuan Chengfei Integration Technology Co. to develop and manufacture 48-volt battery systems for cars. Continental AG will hold a 60% interest in the joint venture and the rest will be held by CITC, a… Continue reading Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems
Grand Opening: BorgWarner Inaugurates Latest Turbocharger Production Facility in Thailand
New state-of-the-art manufacturing facility for turbochargers in Rayong Meets increasing demand for turbocharging technologies in the growing Southeast Asian market 69,965-square-foot facility featuring clean-room environment is designed according to lean production principles Auburn Hills, Michigan, March 8, 2018 – With a traditional ceremony, BorgWarner celebrated the inauguration of its newest production plant in the Eastern… Continue reading Grand Opening: BorgWarner Inaugurates Latest Turbocharger Production Facility in Thailand
Grupo PSA will launch a ‘motorcycle sharing’ service in the main Spanish cities this year
Posted 08/03/2018 14: 00: 14CET MADRID, 8 Mar. (EUROPA PRESS) – The car company Peugeot motorcycles, belonging to the PSA Group, will launch this year a service of ‘motorcycle sharing’ in the main Spanish cities, between which Madrid and Barcelona could be found, according to the firm announced this Thursday in the presentation of the… Continue reading Grupo PSA will launch a ‘motorcycle sharing’ service in the main Spanish cities this year
C_Two: The second electric supercar from Rimac
Electric supercar Rimac Concept Two: no car for the Sunday excursion (Image: Dirk Kunde) Geneva Motor Show The Croatian sports car manufacturer Rimac presents its electric Concept Two in Geneva. The two-seated electric car It reaches 412 km / h and up to 650 km range. From Dirk customer It’s just a small detail, but… Continue reading C_Two: The second electric supercar from Rimac
Navistar Reports First Quarter 2018 Results
LISLE, Ill., March 8, 2018 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) today announced a first quarter 2018 net loss of $73 million, or $0.74 per diluted share, compared to a first quarter 2017 net loss of $62 million, or $0.76 per diluted share. First quarter 2018 results included $46 million of charges as a result… Continue reading Navistar Reports First Quarter 2018 Results
Moody’s improves one step, from ‘Ba3’ to ‘Ba2’, the Fiat Chrysler rating
Posted 03/08/2018 11:39:33CET LONDON, 8 Mar. (EUROPA PRESS) – The credit rating agency Moody’s has improved the long-term rating of the Fiat Chrysler Automobiles (FCA) automobile group, ‘from Ba3 to Ba2’ (the second tier within the speculation segment or ‘junk bond’). As reported by the corporation in a statement, Moody’s has also revised up the… Continue reading Moody’s improves one step, from ‘Ba3’ to ‘Ba2’, the Fiat Chrysler rating
Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Expanding its strategic footprint in the field of New Energy Vehicles (NEV) in China, Daimler acquires a 3.93% stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a BAIC Group subsidiary Hubertus Troska: “The investment in BJEV marks yet another milestone in the strong cooperation between Daimler and BAIC, and it underlines our commitment to the… Continue reading Committed to electric mobility in China: Daimler becomes shareholder of BJEV