Magna to acquire majority ownershipIncreases footprint with Honglizhixin from two to 12 manufacturing plantsDemonstrates commitment to grow in the China marketSHANGHAI, Sept. 03, 2020 (GLOBE NEWSWIRE) — Magna has signed an agreement to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers. The acquisition will expand Magna’s seating capabilities across China.… Continue reading Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
Tag: Contract Manufacturer
Pininfarina’s Fittipaldi EF7 Vision Gran Turismo revealed at Geneva Motor Show – Wired.co.uk
In order to see this embed, you must give consent to Social Media cookies. Open my cookie preferences. [embedded content] F1 racing legend and Indy 500 champion Emerson Fittipaldi has joined forces with Italian design company Pininfarina and German engineering firm HWA AG to produce this stunning hypercar, the Fittipaldi EF7 Vision Gran Turismo. The… Continue reading Pininfarina’s Fittipaldi EF7 Vision Gran Turismo revealed at Geneva Motor Show – Wired.co.uk
Valmet’s financial reporting in 2021
Valmet Oyj’s stock exchange release on September 2, 2020 at 9:30 a.m. EETValmet will publish its Financial Statements Review, Half Year Financial Review and two Interim Reviews in 2021 as follows:February 4, 2021 – Financial Statements Review for 2020April 22, 2021 – Interim Review for January–March 2021July 22, 2021 – Half Year Financial Review for… Continue reading Valmet’s financial reporting in 2021
Valmet Automotive is making battery systems a new company cornerstone
Valmet Automotive is expecting its sales from the Electric Vehicles (EV) batteries business to reach the level or even surpass that of vehicle contract manufacturing within the next few years. The growth will focus on the EV Systems business line with its battery system engineering and manufacturing services, but the company strategy emphasizes the importance… Continue reading Valmet Automotive is making battery systems a new company cornerstone
Magna Builds Its Electric Future by Making Cars for Start-Ups That Can’t
The big global Canadian auto-parts giant has the assets to build vehicles for companies that want to go asset light, from global car companies to electric-vehicle start-ups. That could give it a major role in the future, and as car sales recover, a higher share price. Go to Source
Valmet Automotive’s car plant is approaching CO2 neutrality ahead of schedule
Valmet Automotive has signed a supply contract for fossil-free district heating to the Uusikaupunki car plant. Together with the earlier supply contract for fossil-free electricity, the car plant has already reduced its CO2 emissions by 70 % since 2019. The car plant is aiming at carbon-neutral production by the end of 2021. Valmet Automotive has entered… Continue reading Valmet Automotive’s car plant is approaching CO2 neutrality ahead of schedule
EV startup Bollinger Motors moves to bigger HQ, plans to double staff – Automotive News Europe
At Bollinger Motors things are starting to move faster now. The suburban Detroit electric vehicle startup said Tuesday that it is in the process of doubling its staff and has opened a new headquarters and engineering center nearly five times larger than its original building. CEO Robert Bollinger told Automotive News that the last two… Continue reading EV startup Bollinger Motors moves to bigger HQ, plans to double staff – Automotive News Europe
Valmet Automotive sets up small series production for electric vehicles in Helmstadt-Bargen
Valmet Automotive, one of the world’s largest vehicle contract manufacturers and engineering service providers focusing on electric mobility, is expanding its site in Helmstadt-Bargen, Baden-Württemberg, Germany, to produce electrically powered small series vehicles for urban mobility. This was announced by Dr. Robert Hentschel, SVP Engineering at Valmet Automotive, during a visit of Dr. Nicole Hoffmeister-Kraut,… Continue reading Valmet Automotive sets up small series production for electric vehicles in Helmstadt-Bargen
INEOS Wins U.K. Legal Challenge to Totally-Not-a-Defender Grenadier SUV – Car and Driver
INEOS owner Jim Ratcliffe once tried to buy the rights to keep building the original Land Rover Defender. JLR didn’t approve the deal, so INEOS went ahead with an alternate-reality version called the Grenadier. This week, a court dismissed JLR’s appeal of the U.K. Intellectual Property Office’s decision that not everyone knows or cares what… Continue reading INEOS Wins U.K. Legal Challenge to Totally-Not-a-Defender Grenadier SUV – Car and Driver
Fisker says has tentative deal for Magna to build its electric SUV in Austria
DETROIT, Aug 7 (Reuters) – Electric carmaker Fisker Inc, which recently announced plans to go public through a merger with a so-called blank-check company, said on Friday it has a tentative deal for Canadian auto supplier Magna International Inc to build its Ocean electric SUV. Fisker said in a statement that it expects to reach… Continue reading Fisker says has tentative deal for Magna to build its electric SUV in Austria