Tag: Contract Manufacturer

Pratap Bose joins Mahindra &Mahindra, likely to head New Global Design Centre

Bose is known to have driven the new design language in Tata Motors’, refreshed passenger car portfolio, which includes models like the Nexon compact sport utility vehicle, Altroz premium hatchback and Harrier SUV. Tata cars have become more aspirational for the young buyers, experts say. Automobile designer Pratap Bose is set to join the Mahindra… Continue reading Pratap Bose joins Mahindra &Mahindra, likely to head New Global Design Centre

Valmet Automotive signs 3rd customer deal for Uusikaupunki battery plant, production line installations started

Valmet Automotive has signed a third customer deal for manufacturing battery systems at the Uusikaupunki battery plant. The customer is a major automotive OEM. Installations of the production lines have started at the plant, and the recruitment campaign is progressing well. Production at the battery plant will start in the second half of 2021. The… Continue reading Valmet Automotive signs 3rd customer deal for Uusikaupunki battery plant, production line installations started

Mahindra & Mahindra to set up advanced design centre in the UK

The Mahindra Group has announced the setting up of Mahindra Advanced Design Europe (M.A.D.E) in the West Midlands, UK. An official statement issued today says, “The new Centre of Excellence (CoE), will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin,… Continue reading Mahindra & Mahindra to set up advanced design centre in the UK

Magna Announces First Quarter 2021 Results

Sales of $10.2 billion increased 18% Global light vehicle production was up 18% driven by an 87% increase in China Income from operations before income taxes increased 109% Adjusted EBIT was up 91% Diluted earnings per share and adjusted diluted earnings per share increased 136% and 116%, respectively Increased 2021 outlook to reflect modestly higher… Continue reading Magna Announces First Quarter 2021 Results

@BMW: BMW Group expands e-drive production network: Start of battery component production in Leipzig and Regensburg001092

BMW Group now producing high-voltage batteries andbattery components at three locations in Germany alone:Dingolfing, Leipzig and Regensburg Less than a year from decision to start of production inLeipzig and Regensburg Production of battery components for BMW Group’s fifth generation of fully-electric vehicles   Munich/Leipzig/Regensburg. The BMW Group is launching production of battery components at its… Continue reading @BMW: BMW Group expands e-drive production network: Start of battery component production in Leipzig and Regensburg001092

Valmet Automotive’s Sustainability Report 2020 published: significant progress on Sustainability goals

Valmet Automotive has today published the Group’s Sustainability Report for 2020. Despite a challenging year, Valmet Automotive made significant progress towards its sustainability goals in 2020. The report presents the company’s key sustainability themes, strategic priorities and 2020 highlights. Valmet Automotive publishes the Sustainability Report annually. The importance of sustainable development is constantly growing in… Continue reading Valmet Automotive’s Sustainability Report 2020 published: significant progress on Sustainability goals

Valmet Automotive’s Annual Review 2020: Good performance and solid strategy execution despite extraordinary circumstances

In 2020, Valmet Automotive’s profitability in the continued businesses was maintained close to previous year’s level despite the corona pandemic related production losses during the second and third quarter. Business build of and investments to EV Systems business line continued according to plans and cash flow after investments remained positive. Net sales of EUR 494.0… Continue reading Valmet Automotive’s Annual Review 2020: Good performance and solid strategy execution despite extraordinary circumstances

@niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826

This is the FlatFormer platform that Hino Motors unveiled at the 2019 Tokyo Motor Show. This was … [+] jointly developed with REE Automotive. Hino and REE are forming an alliance to advance electrified and autonomous technology in commercial vehicles. REE Automotive Image Hino Motors, the Toyota subsidiary that makes commercial vehicles and diesel engines,… Continue reading @niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826

Magna Commits to Carbon Neutrality in Global Operations by 2030

Targeting carbon neutrality in European operations by 2025, globally by 2030 Science-based approach aligns with objectives of Paris Climate Accord Company signs-on as founding sponsor of XPrize Abundant Energy Alliance AURORA, Ontario, April 22, 2021 (GLOBE NEWSWIRE) — Magna enters a new era in the company’s sustainability journey with its announcement to achieve carbon neutrality… Continue reading Magna Commits to Carbon Neutrality in Global Operations by 2030