Mitsubishi Motors to exit from China production – Nikkei

TOKYO (Reuters) -Mitsubishi Motors has decided to end automobile production in China, and is discussing its exit with local joint venture partner Guangzhou Automobile Group, the Nikkei newspaper reported on Wednesday, without citing sources. GAC will likely convert the plant, in Hunan province, to a production base for electric vehicles, the paper said. Mitsubishi Motors… Continue reading Mitsubishi Motors to exit from China production – Nikkei

UPDATE 2-Toyota’s China joint venture dismisses about 1000 workers

(Recasts on confirmation from Toyota’s China JV) SHANGHAI/TOKYO, July 24 (Reuters) – Toyota Motor’s joint venture (JV) in China said on Monday that it has terminated early the contracts of about 1,000 dispatch workers, in a sign of pressure on automakers from a price war in the world’s largest auto market. The JV between Toyota… Continue reading UPDATE 2-Toyota’s China joint venture dismisses about 1000 workers

Europa Wire: New ACEA Chair Domenico Nucera Aims to Lead Bus Sector Toward Decarbonization000949

New ACEA Chair Domenico Nucera Aims to Lead Bus Sector Toward Decarbonization (IN BRIEF) Domenico Nucera, President of Iveco Group’s Bus Business Unit, has been appointed as the Chairperson of the bus and coach division of the European Automobile Manufacturers’ Association (ACEA). Nucera’s role is crucial as the European Union aims for ambitious decarbonization in… Continue reading Europa Wire: New ACEA Chair Domenico Nucera Aims to Lead Bus Sector Toward Decarbonization000949

Automotive Alternator Market to grow by USD 3.29 billion from 2022 to 2027; market is fragmented due to the presence of prominent companies like ALANKO GmbH, AS PL Sp. z o.o. & BBB Industries LLC, and many more – Technavio

NEW YORK, Jan. 22, 2024 /PRNewswire/ — The automotive alternator market is estimated to grow by USD 3.29 billion from 2022 to 2027, growing at a CAGR of 6.08%. The automotive alternator market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive alternator market are ALANKO GmbH,… Continue reading Automotive Alternator Market to grow by USD 3.29 billion from 2022 to 2027; market is fragmented due to the presence of prominent companies like ALANKO GmbH, AS PL Sp. z o.o. & BBB Industries LLC, and many more – Technavio

Saudi Arabia Switchgear Market Report (2023-2029) – Industry Experiences Vigorous Growth Fueled by Infrastructure and Ambitious Renewable Energy Initiatives

DUBLIN, Jan. 19, 2024 /PRNewswire/ — The “Saudi Arabia Switchgear Market (2023-2029) Size, Share, Trends, Revenue, Industry, Growth & Outlook: Market Forecast by Voltage, Applications and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering. The analysis of the Saudi Arabia Switchgear Market, covering pivotal industry shifts and substantial growth dynamics, has been documented in this latest… Continue reading Saudi Arabia Switchgear Market Report (2023-2029) – Industry Experiences Vigorous Growth Fueled by Infrastructure and Ambitious Renewable Energy Initiatives