Manufacturing – Page 14221 – I wish I had more to offer

Electric car builder Byton: Ex BMW managers challenge German manufacturers

Byton-President Daniel Kirchert (l) and CEO Carsten Breitfeld Both managers were employed by BMW before the founding of Byton. (Photo: AFP) In sneakers, jeans and T-shirt – so far Carsten Breitfeld had hardly presented a vehicle so far. The former BMWManager climbed loosely from the SUV, which he put on the stage at the Consumer… Continue reading Electric car builder Byton: Ex BMW managers challenge German manufacturers

PSA recruits 600 temporary workers for its Hordain / Sevelnord site – Daily Factories

French manufacturer PSA will recruit nearly 600 temporary workers and create a fourth production team by May 2018 on its Hordain / Sevelnord PSA site in Lieu Saint-Amand (North) to support the commercial success of light trucks Peugeot (Expert, Traveler) and Citroën (Jumpy, SpaceTourer) brands. PSA Hordain / Sevelnord has entrusted the recruitment of its… Continue reading PSA recruits 600 temporary workers for its Hordain / Sevelnord site – Daily Factories

Ford offers its first diesel for the F-150

Show Thumbnails Show CaptionsLast SlideNext Slide Ford Motor Co. will begin this year selling a diesel F-150 for the first time ever, the company announced Jan. 8, 2018.(Photo: Ford Motor Company) Ford Motor Co. will offer a diesel F-150 for the first time ever this spring. The automaker announced the option for a new 3.0-liter… Continue reading Ford offers its first diesel for the F-150

Volkswagen and NVIDIA to Infuse AI into Future Vehicle Lineup

CES—Volkswagen and NVIDIA today shared their vision for how AI and deep learning will shape the development of a new generation of intelligent Volkswagen vehicles using the NVIDIA DRIVE™ IX platform to create new cockpit experiences and improve safety. At the kickoff of CES 2018, Volkswagen CEO Herbert Diess and NVIDIA founder and CEO Jensen… Continue reading Volkswagen and NVIDIA to Infuse AI into Future Vehicle Lineup

NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform

CES — NVIDIA and Aurora today announced that they are working together to create a new Level 4 and Level 5 self-driving hardware platform that will use the NVIDIA DRIVE Xavier™ processor. At the opening press conference of CES 2018, NVIDIA founder and CEO Jensen Huang disclosed that NVIDIA’s automotive team is working with Aurora to bring… Continue reading NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform

Chinese start-up Byton unveils full electric Concept SUV

Chinese electric car start-up Byton, run by ex-BMW I boss Carsten Breitfeld, has unveiled a concept version of its first model, an SUV with support for level four autonomous driving, at the Consumer Electronics Show in Las Vegas. The Byton Concept is a premium full-electric SUV that the first describes as being “almost production ready.” The firm… Continue reading Chinese start-up Byton unveils full electric Concept SUV

BYTON electric intelligent SUV makes global debut at CES

LAS VEGAS, Jan. 7, 2018 /PRNewswire/ — BYTON today debuted its first drivable concept car at the International Consumer Electronics Show (CES) in Las Vegas, U.S.A. With a unique digital design and innovative human-vehicle interaction, the premium SUV functions as a new generation smart device, built for the coming era of truly shared, smart mobility and… Continue reading BYTON electric intelligent SUV makes global debut at CES

Asset finance market reports further growth in May

6 July 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017.
New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle finance sector reported new business up by 13% over the same period.
Geraldine Kilkelly, Head of Research and Chief Economist, said:
“The asset finance market continued to improve in May after a relatively quiet first quarter. The industry provided further support to the construction, manufacturing and agricultural sectors, with new finance for equipment in these sectors up by 6%, 11% and 22% respectively, compared with May 2017.”
May 2018
% change on prev. year
3 months to May
2018
% change on prev. year
12 months to May
2018
% change on prev. year
Total FLA asset finance (£m)
2,921
+10
8,984
+3
31,926
+3
Total excluding high value (£m)
2,637
+4
8,421
+3
30,127
+4
Data Extracts:
By asset:
Plant and machinery finance (£m)
586
+4
1,813
+1
6,651
+7
Commercial vehicle finance (£m)
684
+13
2,182
+6
7,561
+1
IT equipment finance (£m)
174
+1
506
-8
2,336
+5
Business equipment finance (£m)
201
-13
666
+5
2,588
+4
Car finance (£m)
870
+6
2,802
+0
9,445
+2
Aircraft, ships and rolling stock finance (£m)
15
-85
63
-81
204
-72
By channel:
Direct finance (£m)
1,334
+5
4,245
+3
15,038
+1
Broker-introduced finance (£m)
526
+2
1,630
+6
5,831
+7
Sales finance (£m)
777
+5
2,546
+1
9,257
+6
By product:
Finance leasing (£m)
312
+3
1,038
+4
3,886
+6
Operating leasing (£m)
472
-14
1,663
-16
6,335
-7
Lease/Hire purchase (£m)
1,667
+13
5,113
+9
17,273
+5
Other finance (£m)
302
+9
802
-9
3,142
-9
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £32 billion of finance was provided to businesses and the public sector. FLA members financed a third of UK investment in machinery, equipment and purchased software in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.

Aptiv and Lyft to Bring Self-Driving Rides to Las Vegas in January 2018

SAN FRANCISCO, Jan. 2, 2018 /PRNewswire/ — Aptiv (NYSE: APTV), a global technology company that provides leading automated driving solutions, and ride-hailing leader Lyft, today announced a partnership to demonstrate a first-of-its-kind fully automated point-to-point ride-hailing experience during the Consumer Electronics Show (CES) 2018 in Las Vegas. “This partnership represents a real-life application of scalable, automated… Continue reading Aptiv and Lyft to Bring Self-Driving Rides to Las Vegas in January 2018

Aston Martin Lagonda completes Phase Two of new St Athan facility

Published: Jul 20, 2018

Tags:

by
Neil Allison

Aston Martin, the producer of highly desirable luxury handcrafted sports cars, today announced it has completed the second phase of its new car assembly plant at St Athan, in South Wales.

20 July 2018, St Athan, Wales: Aston Martin, the producer of highly desirable luxury handcrafted sports cars, today announced it has completed the second phase of its new car assembly plant at St Athan, in South Wales.
Aston Martin’s Board of Directors held their first meeting in St Athan to mark the completion of building work at the facility, which involves the conversion of three super hangars at the former Ministry of Defence site into a state-of-the-art vehicle assembly facility.
Directors and shareholder representatives of Aston Martin were briefed on the progress of the project, in which production of the company’s first sports utility vehicle (SUV) is due to begin in late 2019.
The St Athan plant is a demonstration of Aston Martin’s continued commitment to the UK and is set to bring up to 750 new employment opportunities to the South Wales region. Of the total workforce, 150 employees have been recruited as part of the pre-production preparations.
When the St Athan plant is complete, it will join Aston Martin’s Gaydon headquarters and Newport Pagnell site as centres of the highest quality of British craftmanship and engineering.
The fit-out of the super hangars, the third and final phase of the construction project, has already begun ahead of the inaugural production planned for next year as part of the company’s Second Century Plan.
Dr Andy Palmer, Aston Martin President and Chief Executive Officer, said: “We are delighted at the progress being made at the St Athan site. The team have done a fantastic job in advancing the facility and I was incredibly proud to chair our first Board meeting at the new plant. Wales has a long history of engineering excellence and the Board is delighted that it will play such an important part in Aston Martin’s development.”
Cabinet Secretary for Economy and Transport Ken Skates said: “I am delighted to see our partnership with Aston Martin, right in the heart of our Cardiff Airport and St Athan Enterprise Zone, coming to fruition.
“Progress to date continues to match the company’s aspiration for future growth and, when complete, the site will provide highly-skilled employment and world-class apprenticeship opportunities in the automotive sector for many generations to come. I wish them the same success with the next phase.”