Tag: Tier 1 Suppliers

Hyundai Motor says reviews investing in contract manufacturing

SEOUL (Reuters) – Hyundai Motor (005380.KS) on Monday conducted due diligence on a contract car manufacturing plant site for possible investment, as the South Korean firm seeks ways to cut costs and conserve capital to develop new technologies such as electric vehicles. FILE PHOTO: The logo of Hyundai Motor is seen at its dealership in… Continue reading Hyundai Motor says reviews investing in contract manufacturing

Deripaska Plans Auto Stake Sale to Lift Sanctions

Russian billionaire Oleg Deripaska is discussing selling part of his automotive business to minority investors, including former Magna International Inc. chief Siegfried Wolf, as part of a plan to end sanctions on the company. Deripaska is in talks with Wolf, whom he has known for more than a decade, about selling a portion of his… Continue reading Deripaska Plans Auto Stake Sale to Lift Sanctions

UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel

BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel

UPDATE 2-Toyota sheds some manufacturing to focus on new car technology

TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Friday said it was planning to transfer some its parts manufacturing operations to its main supplier Denso Corp (6902.T) to free up resources to compete more effectively on new vehicle technologies. Toyota said it would consolidate core electronics component operations of within Denso from late next year,… Continue reading UPDATE 2-Toyota sheds some manufacturing to focus on new car technology

Valeo is one of the key players shaping the future of mobility

“Everything is changing. The whole world is experiencing a smart car revolution,” says Jacques Aschenbroich. Valeo’s boss, voted N.4 best performing CEO in the world by the Harvard Business Review, argues this upheaval is in fact the combination of three simultaneous revolution – electrification, autonomous & connected vehicles and digital mobility. Jacques Aschenbroich, who says… Continue reading Valeo is one of the key players shaping the future of mobility

Goodyear Expands Mobility Work with Leading Research Center

The Goodyear Tire & Rubber Company is extending its worldwide innovation network to include Mcity, the University of Michigan-led public-private partnership to advance connected and automated vehicles and technologies. Goodyear will conduct testing at the Mcity Test Facility with electric and autonomous vehicles, further developing its intelligent tires and the application of sensors, and extending… Continue reading Goodyear Expands Mobility Work with Leading Research Center

Toyota Accelerates Strengthening of Toyota Group for ‘Once-in-a-Century Transformational Period’

Toyota Motor Corporation (Toyota) announces today that it has reached agreements with Denso Corporation (Denso) and Toyota Tsusho Corporation (Toyota Tsusho) aimed at further strengthening the competitiveness of the Toyota Group. The agreement with Denso outlines that the core electronic component operations of both Toyota and Denso will be consolidated within Denso. The agreement with… Continue reading Toyota Accelerates Strengthening of Toyota Group for ‘Once-in-a-Century Transformational Period’

Toyota and Denso Agree to Start Considerations toward Consolidating Electronic Component Operations within Denso

Toyota Motor Corporation (Toyota) and Denso Corporation (Denso) announce that they have agreed today to begin considerations toward consolidating the core electronic component operations of both Toyota and Denso within Denso. Currently, advanced development and mass-production development for Toyota’s electronic components, as well as the production of such components, are conducted by both Toyota and… Continue reading Toyota and Denso Agree to Start Considerations toward Consolidating Electronic Component Operations within Denso

Waymo’s Uber-rivalling ride-hailing app to enter service in 2018

Google parent company Alphabet and Fiat Chrysler Automobiles have announced that the Uber-rivalling ride-hailing service Waymo will commence public service later this year.  It’ll be the first ride-hailing service offered to the public to use driverless vehicles on public roads upon launch, using a fleet of over 62,000 Chrysler Pacifica MPVs across the Waymo service.… Continue reading Waymo’s Uber-rivalling ride-hailing app to enter service in 2018