At the Chu Lai plant, THACO will assemble parts kits into chassis, before equipping them with their bodywork. Daimler Buses is expanding its bus business in South-East Asia and will start selling Mercedes-Benz chassis in Vietnam. For this purpose, Daimler Buses is teaming up with the local automobile corporation Truong Hai Auto Corporation (THACO). THACO… Continue reading Daimler Buses to sell Mercedes-Benz buses in Vietnam
Tag: Manufacturing
Magna annonce une offre de billets de premier rang
AURORA, Ontario, 17 juin 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui avoir conclu une convention de prise ferme prévoyant l’émission pour un capital total de 750 millions USD de ses billets non garantis de premier rang conformément à une déclaration d’enregistrement effective préalablement déposée auprès de la Securities and Exchange… Continue reading Magna annonce une offre de billets de premier rang
Lyft vows ‘100 percent’ of its vehicles will be electric by 2030
Lyft announced a plan on Wednesday to transition to “100 percent” electric or zero-emission vehicles by 2030. By working with automakers and rental car companies, as well as the millions of independent contractors who drive for Lyft every day, the ride-hailing company believes it can prevent “tens of millions of metric tons” of pollutants from… Continue reading Lyft vows ‘100 percent’ of its vehicles will be electric by 2030
Small Car Rental Companies Pivot to New Business
Rich Guernsey, owner of Rabbit Rentals in Utah, installed keypads on the doors of his vans for $150 to facilitate a contactless rental process. Photo courtesy of Rabbit Rentals. “The coronavirus crisis could not have come at a worse time,” wrote Rich Guernsey, owner of Rabbit Rentals, on May 21. “We took delivery of the… Continue reading Small Car Rental Companies Pivot to New Business
Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources
(Reuters) – Nissan’s chief operating officer Ashwani Gupta helped engineer the troubled automaker’s latest turnaround plan. Now his allies are pressing the board to promote him to co-CEO to drive the new strategy, said four people with direct knowledge. FILE PHOTO: Nissan Motor COO Ashwani Gupta speaks during a news conference at Nissan Motor headquarters… Continue reading Exclusive: Who’s in charge at Nissan? COO’s allies push to give him shared CEO role – sources
AAM Names Supplier of the Year and Supplier Excellence Award Winners
DETROIT, June 17, 2020 /PRNewswire/ — American Axle & Manufacturing (NYSE: AXL) presented Supplier of the Year and Supplier Excellence Awards to key supplier partners at its 26th Annual Supplier Day, held virtually from Detroit. Two Supplier of the Year Awards were presented during the event. SKF, a direct material component supplier of bearings and… Continue reading AAM Names Supplier of the Year and Supplier Excellence Award Winners
Lucid Motors Resumes Large-Scale Vehicle Development; Production Version of the Lucid Air Premieres in September
As Lucid’s 1,000+ employees return to work in a phased approach based on local and state mandates – with none ever laid off or furloughed – they resume vehicle development work that was only briefly delayed during shelter-in-place. Furthermore, that effort is accelerated by over 160 new employees who were hired in the last 90… Continue reading Lucid Motors Resumes Large-Scale Vehicle Development; Production Version of the Lucid Air Premieres in September
Umicore Gets €125 Million Loan From EIB For Battery Materials Plant
Belgium/Poland: EIB and Umicore conclude €125 million loan for battery materials production in Poland 15 June 2020 First EIB loan to the Belgian group to finance the construction of a cathode material manufacturing facility in Nysa, Poland Umicore’s facility will support its customers in meeting the growing demand for rechargeable lithium-ion batteries for electric… Continue reading Umicore Gets €125 Million Loan From EIB For Battery Materials Plant
SLAMcore Raises $5M in Funding
SLAMcore, a London, UK-based company developing spatial AI algorithms for robots and drones, secured $5m in funding. The round was led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners and Toyota AI Ventures. The company intends to use the funds to speed up the availability of its solutions, including its recently… Continue reading SLAMcore Raises $5M in Funding
Arrival expands beyond electric delivery vans with a new EV bus
Arrival’s all-electric delivery vans have won the UK startup a lot of buzz and ample funding from grownup companies like UPS and Hyundai, all before any of those vehicles have actually been deployed. But now the startup is ready to reveal it’s been working on another type of electric vehicle: buses. Later today, Arrival will… Continue reading Arrival expands beyond electric delivery vans with a new EV bus