bmw invests around one billion euros in its engine plant in Steyr, Austria. The Munich car manufacturer announced on Monday that the plant for the production and development of electric drives should be equipped with the money by 2030. Production director Milan Nedeljkovic (53) said that parts for electric cars should be built in the… Continue reading German Manager Magazin: BMW invests one billion euros in electric cars in Steyr001851
Tag: Mobility
Autoliv adapts to new business conditions and reiterates full-year indications
(Stockholm, Sweden, June 20, 2022) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, is adapting to new business conditions and is beginning to see results from its price increase negotiations with customers to offset inflationary pressures. Market and business update Year-to-date, global LVP has been limited by supply… Continue reading Autoliv adapts to new business conditions and reiterates full-year indications
@Groupe PSA: PR Stellantis Invests €33 Million in Global Testing Hubs for Cutting-Edge Engineering003935
Stellantis’ global network of tech centers and testing facilities plays a critical role in meeting Dare Forward 2030 strategic plan goals Latest investments in safety and aerodynamic centers, among other R&D Capex, support Stellantis’ growth in electrification and digital revolution and accelerate move to a sustainable mobility tech company Safety center in Turin, Italy, adds… Continue reading @Groupe PSA: PR Stellantis Invests €33 Million in Global Testing Hubs for Cutting-Edge Engineering003935
Renault Group and Minth Group join forces to produce battery casings for electric vehicles assembled in France
Renault Group and Minth Group join forces to produce battery casings for electric vehicles assembled in France Signature for the creation of a joint venture based in France to produce battery casings for electric vehicles. The joint venture will locate this high-tech activity at the ElectriCity’s Ruitz plant. This strategic project will contribute to strengthen… Continue reading Renault Group and Minth Group join forces to produce battery casings for electric vehicles assembled in France
Hydron: Hydrogen-powered, autonomous trucks
The new company Hydron wants to combine autonomous driving with hydrogen propulsion. Hydron has written it not only in its name, but also on the flag: hydrogen as a new source of propulsion. You want to connect this type of drive with autonomous driving and such trucks develop. Hydron’s founder, Mo Chen, is also a… Continue reading Hydron: Hydrogen-powered, autonomous trucks
ABB again delays IPO of e-mobility business, waiting for ‘constructive’ market conditions
ABB has further delayed the planned flotation of its electric vehicle charging business, the Swiss engineering and technology company said on Monday, citing the turbulence unsettling stock markets. ABB had pushed back the proposed IPO of the E-mobility business earlier this month, although it had planned to launch the process in the “coming weeks”. The… Continue reading ABB again delays IPO of e-mobility business, waiting for ‘constructive’ market conditions
Sony and Honda join forces to create new company
Sony Honda Mobility Inc is the new company name of the joint venture of electronics brand Sony and car manufacturer Honda. The two Japanese giants have officially agreed a deal to form a new company that will focus on developing and selling electric vehicles in the future, with the first cars from the partnership set… Continue reading Sony and Honda join forces to create new company
@BMW: BMW Group brings e-drives to Austria: Expansion of production and development at Steyr engine plant002064
Steyr. From 2025 onwards, the next generation of e-drives will be created in Steyr – with both production and development on site – as BMW Group Plant Steyr embarks on an electrified future. The BMW Group will be investing around one billion euros in competence development in this area between now and 2030. The significant… Continue reading @BMW: BMW Group brings e-drives to Austria: Expansion of production and development at Steyr engine plant002064
India lost favour with overseas pros during pandemic
The need for expat talent shifted from IT, services and consulting companies a few years ago to industrial and automobile sector companies. India’s ability to attract overseas professionals may have declined amid the Covid-19 pandemic as several potential recruits have turned down offers to work in the country citing concerns over issues such as the… Continue reading India lost favour with overseas pros during pandemic
UK Approves WikiLeaks Chief Julian Assange’s Extradition to the US
WikiLeaks founder Julian Assange faces a dwindling number of options after the UK government approved his extradition to the United States on Friday. The decision is the latest chapter in a prolonged legal battle that started when former military intelligence analyst Chelsea Manning leaked classified government documents about the wars in Afghanistan and Iraq, which… Continue reading UK Approves WikiLeaks Chief Julian Assange’s Extradition to the US