TOKYO — Nissan Motor will invest $250 million to expand powertrain production at a plant in the U.S. state of Tennessee as part of an electrification strategy in the key North American market, the Japanese automaker said Monday. The Japanese automaker plans to start manufacturing four electric vehicle models in 2026 at its Canton plant in the state… Continue reading Nissan to spend $250m on U.S. plant to boost EV motor production
Tag: Strategy
Nissan aims to electrify 98% of Europe sales, helped by Renault
TOKYO — Nissan Motor has raised its global sales target for electrified vehicles, including a huge boost in Europe assisted by its recently renewed strategic alliance with French counterpart Renault, as the Japanese automaker strives for competitiveness in a sector led by companies like Tesla of the U.S. and China’s BYD. The 2030 target for… Continue reading Nissan aims to electrify 98% of Europe sales, helped by Renault
TÜV Rheinland receives SCC Accreditation as an ISA for Canada rail projects
PITTSFORD, N.Y., Feb. 27, 2023 /PRNewswire/ — TÜV Rheinland has received accreditation to ISO/IEC 17020:2012 from the Standards Council of Canada (SCC) as part of the INSPECTION BODY ACCREDITATION PROGRAM (IBAP) to be an Independent Safety Assessor (ISA) for rail and transit projects in Canada. TÜV Rheinland is only the fourth firm to receive such accreditation.… Continue reading TÜV Rheinland receives SCC Accreditation as an ISA for Canada rail projects
CP issues statement of condolence following the passing of David Starling, KCS voting trustee
CALGARY, AB, Feb 27, 2023 /PRNewswire/ – Canadian Pacific (TSX: CP) (NYSE: CP) (“CP”) today issued this statement following the passing of David Starling, who had been acting as the Kansas City Southern (“KCS”) trustee of the KCS voting trust and who had previously served as KCS chief executive officer: “We were greatly saddened to learn… Continue reading CP issues statement of condolence following the passing of David Starling, KCS voting trustee
Martinrea International Inc. Announces Acquisition of Effenco Development Assets
TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the acquisition of the assets of Montreal-based Effenco Development Inc., which were acquired in 2022. Effenco is an… Continue reading Martinrea International Inc. Announces Acquisition of Effenco Development Assets
Air Brake System Market Size Worth USD 7.36 Billion in 2030 | Emergen Research
VANCOUVER, B C, Feb. 27, 2023 /PRNewswire/ —The air brake system market size was valued at USD 5.09 Billion in 2021 and is expected to register a CAGR of 4.2% during the forecast period, according to the latest analysis by Emergen Research. The increasing demand for commercial vehicles, especially in developing countries, and the implementation… Continue reading Air Brake System Market Size Worth USD 7.36 Billion in 2030 | Emergen Research
Air Brake System Market Size Worth USD 7.36 Billion in 2030 | Emergen Research
VANCOUVER, B C, Feb. 27, 2023 /PRNewswire/ —The air brake system market size was valued at USD 5.09 Billion in 2021 and is expected to register a CAGR of 4.2% during the forecast period, according to the latest analysis by Emergen Research. The increasing demand for commercial vehicles, especially in developing countries, and the implementation… Continue reading Air Brake System Market Size Worth USD 7.36 Billion in 2030 | Emergen Research
VINFAST TO DELIVER VF 8 CITY EDITION TO US CUSTOMERS ON MARCH 1
LOS ANGELES, Feb. 27, 2023 /PRNewswire/ — VinFast announced it will start delivery of VF 8 City Edition vehicles to US customers beginning March 1, 2023. The delivery event will be held at the VinFast’s store in California, marking VinFast’s new journey in the international market. These initial deliveries are from the first shipment of… Continue reading VINFAST TO DELIVER VF 8 CITY EDITION TO US CUSTOMERS ON MARCH 1
New Lotus Type 133 luxury saloon tackles snow before 2023 reveal
Global Lotus dealers have been shown the final design for the Type 133, he confirmed, “so they know what’s coming next – and excitement was very high”. Elaborating on how Lotus and Polestar could collaborate in the future, Windle explained: “Geely is flexible and comfortable with us working with our sister companies, or third parties… Continue reading New Lotus Type 133 luxury saloon tackles snow before 2023 reveal
Nissan expands EV strategy as demand rises
Nissan has added four new battery-electric cars to its Ambition 2030 strategy in response to rising sales of EVs worldwide. The firm will now launch 19 EVs by 2030, in turn taking the total number of scheduled electrified (hybrid, plug-in hybrid and electric) models up to 27. It had previously planned to launch 15 BEVs and… Continue reading Nissan expands EV strategy as demand rises