Volkswagen said on Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025. The automaker, the world’s second biggest after Toyota, will also focus on expanding its presence in North America, where it has struggled for years, and… Continue reading Volkswagen Will Invest $193 Billion in Electric Cars and Software
Tag: Manufacturing
Tesla Could Start Making Cars in Mexico Next Year, Governor Says
Tesla’s new factory in the Mexican state of Nuevo León will cost $5 billion, will employ up to 7,000 people and could start churning out cars as early as next year, the state’s governor said on Friday. Tesla announced this week that it planned an assembly plant in Mexico — its fifth worldwide — but… Continue reading Tesla Could Start Making Cars in Mexico Next Year, Governor Says
Software snafus abound, Nuro makes more cuts and VinFast takes the SPAC road
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Automakers have been struggling with software development for years now. But the stakes are higher than ever because all of these companies keep touting the coming of the “software-defined”… Continue reading Software snafus abound, Nuro makes more cuts and VinFast takes the SPAC road
Automotive Manufacturing Equipment Market worth $11.4 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 12, 2023 /PRNewswire/ — The global automotive manufacturing equipment market is expected to grow from USD 6.7 billion in 2023 to USD 11.4 billion by 2028, at a CAGR of 11.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. Enhancing cost competitiveness through automation in developed countries and growing adoption of Industry… Continue reading Automotive Manufacturing Equipment Market worth $11.4 billion by 2028 – Exclusive Report by MarketsandMarkets™
Yadea High-performance E-mobility Won German 2023 Red Dot Awards and the iF DESIGN AWARDs
HONG KONG, May 12, 2023 /PRNewswire/ — Yadea (01585.HK), a global leading brand of developing and manufacturing two-wheeler electric vehicles, won four international product design awards, namely two Red Dot Awards and two iF DESIGN AWARDs. After winning IDEA awards in 2022, Yadea became a winner brand again. The winners are Yadea E-motorcycle KEENESS, Yadea… Continue reading Yadea High-performance E-mobility Won German 2023 Red Dot Awards and the iF DESIGN AWARDs
Zoomlion Exhibits Intelligent Products and Digitalization Achievements in Zoomlion Smart Industrial City
CHANGSHA, China, May 12, 2023 PRNewswire/– Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) is hosting a technological achievements exhibition themed “Technology Salute to the New Era” from May 11 to 14 in the Zoomlion Smart Industrial City (the “City”) in Changsha, Hunan Province, showcasing its achievements in intelligent manufacturing, intelligent product development, and digital… Continue reading Zoomlion Exhibits Intelligent Products and Digitalization Achievements in Zoomlion Smart Industrial City
JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
A New Partnership between Hellenic Defence Systems (EAS) and Global Aerospace and Technology company, Paramount Presents Game-Changer for Greek UAV Market ATHENS, Greece, May 12, 2023 /PRNewswire/ — Greek state defence company, Hellenic Defence Systems (EAS) and Paramount Industries Greece have signed a strategic partnership for the local production of next generation, long-range loitering munitions,… Continue reading JOINT STATEMENT – Greek Defence Industry Receives Major Boost Through Production of Advanced Drone Technologies in Greece
Autoliv Announces Results of 2023 Annual Stockholders Meeting
STOCKHOLM, May 11, 2023 /PRNewswire/ — Autoliv, Inc., (NYSE: ALV) (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announced the results of its annual general meeting of stockholders held on May 11, 2023. Annual General Meeting of Stockholders The Company’s 2023 Annual General Meeting of Stockholders (AGM) voted for approval of the following… Continue reading Autoliv Announces Results of 2023 Annual Stockholders Meeting
@VW Group: Joshua Rogers and Mitchell deJong clinch first and second at Spa007212
24/04/2023 The Porsche Coanda Esports works team has made a powerful comeback in the new ESL R1 sim racing championship with a one-two result at Spa-Francorchamps. Joshua Rogers and Mitchell deJong drove a commanding race on the Belgian Grand Prix circuit to clinch first and second place. Thanks to his second win in an ESL… Continue reading @VW Group: Joshua Rogers and Mitchell deJong clinch first and second at Spa007212
Automotive Manufacturing Equipment Market worth $11.4 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 12, 2023 /PRNewswire/ — The global automotive manufacturing equipment market is expected to grow from USD 6.7 billion in 2023 to USD 11.4 billion by 2028, at a CAGR of 11.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. Enhancing cost competitiveness through automation in developed countries and growing adoption of Industry… Continue reading Automotive Manufacturing Equipment Market worth $11.4 billion by 2028 – Exclusive Report by MarketsandMarkets™