BMW to build car assembly plant in Russia’s Kaliningrad region

BMW was previously considering building the plant in other regions of Russia. Moscow: German carmaker BMW has decided to build a car assembly plant in the Kaliningrad region, a Russian exclave on the Baltic Sea, Russian Industry Minister Denis Manturov said in an interview with business daily Vedomosti. The project will be part of a… Continue reading BMW to build car assembly plant in Russia’s Kaliningrad region

AT & S Expands Capacity for Autonomous Driving

The semiconductor manufacturer AT & S is planning investments in Austria and India to meet the demand for autonomous driving. AT & S building. Source: elektroniknet.de The demand for IT hardware in the car is increasing, and one notices this also at AT & S, which is involved in this area and, for example sensors… Continue reading AT & S Expands Capacity for Autonomous Driving

Singapore: investment in mobility

The city-state of Singapore is investing $ 25 million in mobility research and testing. Singapore is in terms of autonomous driving very positive, which may also be due to the fact that there are desperately looking for solutions to the traffic. A roadmap should prepare the change of traffic. Singapore’s Transport Authority. Source straitstimes The… Continue reading Singapore: investment in mobility

S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m

February 15, 2018 Kakao Mobility, the cab-hailing and transport services unit of South Korea’s mobile services giant Kakao, is acquiring local car pool startup Luxi for KRW25.2 billion ($23.3 million), the company said in a statement posted on its Korean website. Kakao said it wants to utilise Luxis carpool to complement Kakao Mobility taxi-hailing service,… Continue reading S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m

How much can we actually control autonomous cars?

If you’re riding in an autonomous car, and you want to go faster, what do you do? When asked this question, people often change their answer on a single condition: Does the car you’re riding in belong to you, or is it a car for hire? Auto manufacturers are aiming to provide cars with Level… Continue reading How much can we actually control autonomous cars?

Ant Financial unit invests $32m in smart parking operator Shenzhen Shunyitong

February 15, 2018 Shanghai Yunxin Venture Capital Co, a unit of Alibaba’s payment arm Ant Financial Services, has agreed to invest Rmb200 million ($32 million) for a 20-percent stake in smart parking operator Shenzhen Shunyitong Information Technology Co., according to a Yicai Global report. The investment values Shunyintong, which was founded in 2007, at Rmb1… Continue reading Ant Financial unit invests $32m in smart parking operator Shenzhen Shunyitong

Fiat Chrysler Automobiles announces layoffs at Toledo Assembly Complex

Fiat Chrysler Automobiles has said it will begin winding down operations in the south portion of its Toledo Assembly Complex on April 13 to begin preparing the facility to build an all-new Jeep Wrangler pickup truck — a move that will mean temporary layoffs for about 850 FCA employees. In documents filed with the state… Continue reading Fiat Chrysler Automobiles announces layoffs at Toledo Assembly Complex

Fiat Chrysler’s Mopar parts brand cranks up global sales muscle

Pietro Gorlier, Head of Parts and Service, Mopar, showcases customized versions of the 2018 Jeep Wrangler and the 2019 Ram 1500 at the Chicago Auto Show in February 2018. (Photo: Joe Wilssens ) CHICAGO — As demand grows for flashy customization of profitable vehicles including Jeeps and Ram trucks, Fiat Chrysler’s Mopar parts business has… Continue reading Fiat Chrysler’s Mopar parts brand cranks up global sales muscle

Aston Martin DBX: South Wales factory on track for 2019

Aston Martin‘s new South Wales manufacturing facility is on track for 2019 completion, as construction of ‘Phase 1’ has now been finished. The state-of-the-art plant will build Aston’s new DBX crossover coupe next year.  The new factory in St Athan, a former Ministry of Defence site, will run alongside Aston’s Gaydon HQ, directly creating 750 new… Continue reading Aston Martin DBX: South Wales factory on track for 2019