Tag: Manufacturing

Musk not worried about Tesla Model 3 demand, Wall Street thinks otherwise

(Reuters) – Tesla Inc shares fell on Thursday as Wall Street wondered if demand for its mass market Model 3 sedan could be sustained while it tries to make substantial inroads in China. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly… Continue reading Musk not worried about Tesla Model 3 demand, Wall Street thinks otherwise

Hyundai Motor to invest $48 million in low-wage carmaking joint venture

President Moon Jae-in has made job creation a top priority since unemployment rates hit a 17-year high last year. SEOUL: Hyundai Motor announced on Thursday a $48 million investment in a contract auto manufacturing joint venture in South Korea that will create 1,000 new jobs but prompted strong protests from its unionised workers. Hyundai‘s first… Continue reading Hyundai Motor to invest $48 million in low-wage carmaking joint venture

Volkswagen confirms electric dune buggy concept for Geneva auto show

Volkswagen Geneva Show Electric Buggy concept
A VW beach buggy made for blasting over the sand may ride again.

Volkswagen confirmed on Wednesday that it will show a concept electric dune buggy at the Geneva auto show in March.

Rumors circulated in December that the brand was considering such a move.

READ MORE: Fun revival: Electric dune buggy could join VW I.D. line

According to Autocar magazine in Britain, which originally broke the story back in November, the electric Buggy concept will be based on Volkswagen's new MEB electric-car architecture designed for affordable electric cars. Rumors peg it as rear-wheel drive, the basic format of the MEB platform, but the platform will also support all-wheel drive with a second motor up front.

Volkswagen Geneva Show Electric Buggy concept

Along with two other retro-styled models, the ID Buzz microbus and a rumored electric reincarnation of the original Beetle—only with four doors—the dune buggy concept is designed to bring attention to VW's new lineup of electric cars.

Volkswagen plans to build 15 million cars on the affordable MEB platform (and several more electric models on more expensive platforms.) It has also announced that it will build electric cars in the U.S. at its factory in Chattanooga, Tennessee. That's likely to include the ID Buzz, though it's not clear if the buggy will make it stateside—or into production at all.

READ MORE: Volkswagen details the foundation for 10 million electric vehicles

Auto show concept cars, such as the as-yet-unnamed buggy set to debut in Geneva, often represent trial-balloons for automakers considering whether to put real versions of the cars into production. A Volkswagen source told Autocar that the buggy is under “active consideration” for production.

VW beach buggies became famous in the 1960s and '70s as fiberglass-bodied independent conversion kits based on shortened floorpans of original Beetles. They were lightweight and quick and developed a reputation for being faster on rough, loose surfaces than Jeeps and pickups designed to go off-road.

CHECK OUT: Volkswagen will make electric cars in Tennessee, at expanded plant

Volkswagen practically confirmed it was thinking of building such a car in early December when it included a silhouette of an open-topped dune buggy driven by Santa Claus on its corporate holiday card.

If a new model hews too closely to the original, with no doors, windows or real top, it's unclear how many markets such a car could be sold in without violating safety standards. Or, Volkswagen designers could find creative solutions, as Jeep has with the Wrangler, to give it relatively modern safety features with looks reminiscent of its minimalist predecessors.

We can't wait to find out at Geneva.

SEAT, Top Employer five times

SEAT is one of the best companies to work for in Spain, as certified by Top Employer, which has given the carmaker its seal of approval for the fifth year in a row. This certificate evaluates businesses all over the world that offer the best working conditions and are the most attractive for employees. SEAT’s… Continue reading SEAT, Top Employer five times

The buggy is back – and now it’s electric!

A first look at the MEB buggy Volkswagen presents concept vehicle modelled on the legendary American dune buggies from the 60s and 70s Clear, sculptural design conveys what it means to simply get behind the wheel and drive World première at the International Geneva Motor Show Volkswagen is bringing a legend back to life! At… Continue reading The buggy is back – and now it’s electric!

ORIGINS by Mahindra World City, North Chennai signs Japanese conglomerate Yanmar Group as its first customer

ORIGINS by Mahindra World City, North Chennai signs Japanese conglomerate Yanmar Group as its first customer

~ Yanmar Group to establish its first manufacturing facility at ORIGINS, North Chennai

Chennai, 25th January, 2019: Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, today announced the signing of Yanmar Group as its anchor customer at ORIGINS by Mahindra World City, North Chennai. Yanmar Group, an over 100-year-old business group from Japan, will establish a diesel engine manufacturing facility in ORIGINS, North Chennai, to cater to original equipment manufacturers (OEM) in the Indian construction and agriculture sectors. The facility is expected to be operational by 2020.

ORIGINS by Mahindra World City comprises industrial clusters of international standards, spanning 250 – 600 acres and located in high growth corridors across India. Located on NH16, Phase 1 of ORIGINS by Mahindra World City, North Chennai spans 264 acres and is currently at advanced stages of development, with all approvals in place. The project is expected to generate direct employment for 7000 persons when fully completed. Companies based out of ORIGINS, North Chennai can go to market faster and avail all the benefits of clear land titles; plug-and-play infrastructure; in-house expertise in operations and security; and a range of business support services. ORIGINS, North Chennai incorporates environment-friendly and smart monitoring systems for operations & maintenance

Ms. Sangeeta Prasad, Managing Director and CEO, Mahindra Lifespace Developers Ltd., said, “We are delighted to welcome Yanmar Co., Ltd, one of Japan’s most respected companies and a global leader in diesel engine manufacturing, to ORIGINS by Mahindra World City, North Chennai. We remain committed in our endeavour to create efficient industrial ecosystems which enable employment and investment.”

Mr. Hajime Hirai, Director and General Manager, Yanmar Engine Manufacturing India Pvt. Ltd., said, “India is a high-potential growth market for the Yanmar Group. and for our first manufacturing facility in the country, we were seeking an ideal blend of modern infrastructure, strategic connectivity and supporting social amenities. The self-sufficient ecosystem at ORIGINS, North Chennai will help us rapidly scale our operations and attract the right talent. Yanmar is proud to be the first partner for the ORIGINS growth story in India.”

Mr. Yasushi Fukuda, Executive Officer and General Manager, Logistics Infrastructure Business Division, Sumitomo Corporation , said, “Tamil Nadu is one of the most preferred destinations for Japanese investment in India and the presence of ORIGINS by Mahindra World City, North Chennai will strengthen the state’s attractiveness as an innovation and manufacturing hub. Yanmar Group’s presence here will accelerate job creation opportunities and local community development.”

About Mahindra Lifespace Developers Ltd.

Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the USD 20.7 billion Mahindra Group, and a pioneer of sustainable urbanisation in India. The Company is committed to transforming India's urban landscape through its residential developments under the ‘Mahindra Lifespaces’ and 'Happinest' brands; and through its integrated cities and industrial clusters under the 'Mahindra World City’ and 'ORIGINS by Mahindra World City' brands.

Mahindra Lifespaces delivers innovative customer-focused solutions that are rooted in a legacy of trust and transparency. The Company's development footprint spans 23.8 million sq. ft. (2.2 million sq. m.) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development/management at its integrated developments/ industrial clusters in four cities.

A pioneer of the green homes movement in India, Mahindra Lifespaces has been ranked 4th in Asia in its category, in the '2017 GRESB Real Estate ESG (Environmental, Social and Governance) Assessment'. The Company has also been ranked 22nd amongst India's great mid-size workplaces – 2018, by the Great Places To Work Institute

About Mahindra

The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

For further enquiries please contact:

Pramuch Goel
General Manager, Group Communications, Mahindra Group
Tel: +91 22 2490 5943
Email: goel.pramuch@mahindra.com

Sono Motors: Bosch networks the Sion

The electric car Sion from Sono Motors will have integrated car, ride and power sharing. The technology should cause the cars to be shared with others and used as much as possible. January 31, 2019, 7:39 am, Andreas Donath Users should share the Sion. (Image: Sono Motors) Sono Motors has the collaboration with Bosch announcedto… Continue reading Sono Motors: Bosch networks the Sion