Valmet Automotive expands production capacity of battery packs in Salo

Valmet Automotive is extending the battery plant in Salo, Finland after less than 12 months of operation to meet the needs of increased production volumes of battery packs. The extension will increase the production capacity of battery packs and double the number of employees in the next few years. The construction work has already started and will… Continue reading Valmet Automotive expands production capacity of battery packs in Salo

Data Makes It Beta: Roborace Returns for Second Season with Updateable Self-Driving Vehicles Powered by NVIDIA DRIVE

Amid the COVID-19 pandemic, live sporting events are mostly being held without fans in the stands. At Roborace, they’re removing humans from the field as well, without sacrificing any of the action. Roborace is envisioning autonomous racing for the future. Teams compete using standardized cars powered by their own AI algorithms in a series of… Continue reading Data Makes It Beta: Roborace Returns for Second Season with Updateable Self-Driving Vehicles Powered by NVIDIA DRIVE

Valmet Automotive launches urgent recruitment of 400 car builders

Valmet Automotive launches today a recruitment of 400 car builders for the Uusikaupunki car plant. The car sales are growing rapidly, and Valmet Automotive will be recruiting on a very urgent schedule. With rising production volumes, the new car builders will be needed at work already by the end of January. Online application is available on… Continue reading Valmet Automotive launches urgent recruitment of 400 car builders

Magna’s CLEARVIEW Camera Monitoring System to Debut In 2022

Complete camera monitoring system with advanced featuresCombines expertise in exterior/interior mirrors, cameras, electronics and softwareImproves driver visibility and safety with customizable field of viewsAURORA, Ontario, Oct. 27, 2020 (GLOBE NEWSWIRE) — After winning new business across multiple vehicle models for a global automaker, it’s official: Magna’s CLEARVIEW™ technology will enter the market in 2022. Using… Continue reading Magna’s CLEARVIEW Camera Monitoring System to Debut In 2022

@BMW: Mapillary joining Facebook on the journey of improving maps everywhere000674

“Mapillary is a street-level imagery platform, powered by collaboration and computer vision”. That’s how Jan Erik Solem pitched Mapillary late 2017. Being freshly done with our deep dive into high-definition mapping, we were convinced that Mapillary’s ambitious mission aligned well with our investment thesis. We were impressed with Mapillary’s world-class team, unique data acquisition strategy… Continue reading @BMW: Mapillary joining Facebook on the journey of improving maps everywhere000674

Magna Names Seetarama (Swamy) Kotagiri Chief Executive Officer

Kotagiri, current Magna President and 21-year company veteran, to succeed Don WalkerWalker to retire at end of 2020 after 15 consecutive years as CEO, 33 years with MagnaMedia conference call to be held today, October 20, at 8 a.m. EDTAURORA, Ontario, Oct. 20, 2020 (GLOBE NEWSWIRE) — Magna announced today that its Board of Directors… Continue reading Magna Names Seetarama (Swamy) Kotagiri Chief Executive Officer

Analyst Report: Magna International Inc.

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Markets thrive on risk, but risk is hard to talk about. It’s easy to fall back on cliches – buy low and sell high, or the bulls and bears make money while the pigs get slaughtered – but those cliches have drifted into… Continue reading Analyst Report: Magna International Inc.

Aspark Owl EV Completes Testing, Ready For Customer Deliveries – Wade Thiel

In the electric hypercar segment this year, all the shouting and jumping up and down has been done by Rimac, Lotus, and Pininfarina. While they were having a fight in the corner, Aspark just quietly slipped through the cracks. Now, however, they have revealed with a hammer blow to the rest of the hypercar EV… Continue reading Aspark Owl EV Completes Testing, Ready For Customer Deliveries – Wade Thiel

World NM: Magna to build startup Fisker’s electric SUV000282

Startup California-based car brand Fisker Inc. has struck a deal with automotive contract manufacturer Magna International Inc. to manufacture the Ocean SUV in Europe starting in late 2022, the companies announced Thursday. The partnership is similar to the one Nikola Motors agreed to with General Motors in September for the Badger pickup but has not yet closed following… Continue reading World NM: Magna to build startup Fisker’s electric SUV000282

BMW to stop production at Dutch car plant, threatening thousands of jobs

The Mini production line in Born. Photo: Niels Wenstedt ANP XTRA
German car maker BMW is to stop making cars at the VDL Nedcar plant in Born, the Limburg-based factory said on Thursday.
Instead, BMW plans to concentrate production at its own factories, including that of the Mini, which is currently produced in the Netherlands.
VDL chief executive Willem van der Leegte has described the decision as a ‘disappointment’. ‘We have done everything in our power to tie BMW to us with a new follow-up order,’ he said in a press statement.
VDL Nedcar has been building Minis and BMW’s X1 models for six years.
The coronavirus pandemic has had a major impact on the car industry and many carmakers are having to cope with overcapacity. The shift towards electric cars – which require fewer people to produce – is another issue, director Paul van Vuuren told local broadcaster Limburg 1.
The plant employs 4,600 people and VDL must now find a new client to keep the factory open when BMW production stops in 2023.
The company is pinning its hopes on a new entrant to the market, which has developed a car but not a production line, Van Vuuren said.
The Dutch factory, the only large scale passenger car production factory in the country, is capable of producing some 200,000 cars a year.
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