The new plant in Huntsville – already a hub for the region’s budding aerospace industry – will produce 300,000 vehicles per year, a combination of the Toyota Corolla compact car and a new small crossover SUV from Mazda. Production is targeted to begin by 2021. MONTGOMERY: Alabama’s total incentive package to Toyota and Mazda will… Continue reading Alabama incentives for Toyota-Mazda factory top $700 million
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Skoda expands production of Karoq to a second plant due to high demand
Posted 12/01/2018 11: 36: 27CET MLADÁ BOLESLAV (CZECH REPUBLIC), 12 Jan. (EUROPA PRESS) – The Skoda automobile company has expanded the production of its new Karoq SUV to a second plant in the Czech Republic, in response to the increased demand that this type of vehicle is experiencing, the company said in a statement. Skoda… Continue reading Skoda expands production of Karoq to a second plant due to high demand
Brexit ‘could cost 14,000 jobs’ at German car suppliers
The UK is the largest export market for German car suppliers in Europe, with 18 percent of auto parts used in British factories coming from Germany — the home of industry giants Bosch, Continental and ZF Friedrichshafen.Frankfurt am Main: A worst-case Brexit scenario could put thousands of jobs at risk at German car parts suppliers,… Continue reading Brexit ‘could cost 14,000 jobs’ at German car suppliers
China Digest: Tsign, HUAZHI, 4K Garden, Weacar, Fit-Start raise funds
January 12, 2018 China’s venture capital and private equity firms continue to invest in the country’s startup community. Here are some of the firms that received fresh funding from Chinese investors, based on a China Money Network Report. Tsign secures $23m in series B+ Hangzhou-based electronic signature service provider Tsign has secured $23 million in… Continue reading China Digest: Tsign, HUAZHI, 4K Garden, Weacar, Fit-Start raise funds
FCA moves Ram production to Mich., gives $2K bonuses
2017 Ram Power Wagon(Photo: FCA) Fiat Chrysler Automobiles NV will invest $1 billion at its Warren Truck Assembly plant to bring production of its Ram Heavy Duty truck to the U.S. from Mexico. The company said Thursday the move will add 2,500 jobs in Metro Detroit by 2020, when the plant retooling is completed. The… Continue reading FCA moves Ram production to Mich., gives $2K bonuses
Here’s what it’s like to ride in Byton’s new Concept SUV
Byton’s electric concept car wowed at CES, and for good reason. The SUV has a lot of strong features, including a max range of 323 miles for the upgraded version, and a starting price of just $45,000. But the real jaw-dropping feature is a 49-inch display that covers the entire dash, providing a multifunctional information… Continue reading Here’s what it’s like to ride in Byton’s new Concept SUV
Ford GoBike Bike Share System Passes Growth Milestones
SAN FRANCISCO, Jan. 11, 2018 /PRNewswire/ — The Ford GoBike program surpassed a key milestone in late December, with more than 500,000 rides taken since launch in June 2017. In another milestone, the number of Bay Area residents who have signed up for discounted memberships has nearly tripled since September 2017, thanks to vigorous efforts to… Continue reading Ford GoBike Bike Share System Passes Growth Milestones
FCA Announces Plan to Invest More Than $1 Billion in Michigan Plant, Add 2,500 New Jobs
January 11, 2018 , Auburn Hills, Mich. – FCA announced today two actions made possible in part by the passage of U.S. tax reform legislation late last year — an additional investment in its U.S. manufacturing operations and a special payment to recognize employees for their continued efforts toward the success of the Company. First, the Company confirmed that… Continue reading FCA Announces Plan to Invest More Than $1 Billion in Michigan Plant, Add 2,500 New Jobs
Nissan creates new value with mobility services
Nissan recently launched a car-sharing service in Japan and will carry out public field tests of a robo-vehicle mobility service. Nissan’s mobility services will build new connections between vehicles, people and society. YOKOHAMA, Japan – Nissan recently unveiled Easy Ride, a new robo-vehicle mobility service, as well as e-share mobi, a car-sharing service, in Japan.… Continue reading Nissan creates new value with mobility services
2018 pay negotiations at Volkswagen continued
The negotiating committees of Volkswagen AG and the IG Metall trade union have today continued their pay negotiations in Hanover. Martin Rosik, the leader of the Volkswagen committee and Head of Human Resources of the Volkswagen brand, said after the meeting: “At today’s meeting, we offered to increase pay by two percent for 12 months… Continue reading 2018 pay negotiations at Volkswagen continued