Strengthen strategic collaboration focusing on product development for India and emerging markets Agree to evaluate co-development of compact SUV and electric vehicle, along with sharing powertrain portfolios Embark on joint development of connected vehicle solutions Chennai, India, March 22, 2018 – Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small… Continue reading Mahindra and Ford Sign MoUs to Co-Develop Midsize and Compact SUV, Electric Vehicle and Connected Car Solutions
Tag: Strategy
Groupe PSA: Nine Additional Centers of Competence for Engineering Center at Opel in Rüsselsheim
RÜSSELSHEIM, Germany–(BUSINESS WIRE)–Regulatory News: The Engineering Center in Rüsselsheim reinforces its position as a core part of the global Groupe PSA (Paris:UG) R&D footprint: Nine additional Centers of Competence in various areas of technology will be located there, including the development of seats and manual transmission systems for the whole Groupe PSA. The number of… Continue reading Groupe PSA: Nine Additional Centers of Competence for Engineering Center at Opel in Rüsselsheim
Auto parts supplier: ZF Friedrichshafen pumps billions into development
ZF Friedrichshafen ZF, which belongs to the Zeppelin Foundation of the city of Friedrichshafen, is planning two new plants for the production of parts for electric drives. (Photo: AP) The auto supplier ZF Under his new boss, Wolf-Henning Scheider, Friedrichshafen does not want to let up in the race for new products for electric and… Continue reading Auto parts supplier: ZF Friedrichshafen pumps billions into development
ZF posts record sales in 2017; announces increased research and development activities
“The world of mobility is spinning at high speed,” said Scheider. “We plan to provide our customers with pioneering solutions in all fields under our motto ‘See – Think – Act’, which is why we will further increase our research and development spending.” In 2017, ZF spent €2.2 billion on research and development, an increase… Continue reading ZF posts record sales in 2017; announces increased research and development activities
ZF Supervisory Board Starts New Term of Office
The three new members appointed to ZF’s Supervisory Board are: Dr. Gisela Lanza, who holds a Professorship for Production System and Quality Management at the Karlsruhe Institute für Technology (KIT); Axel Strotbek, who was Chief Financial Officer at Audi AG until September 2017; Dr. Mohsen Sohi, Chief Executive Officer of Freudenberg SE, the Technology Group.… Continue reading ZF Supervisory Board Starts New Term of Office
The final endurance test for the hybrid Cayenne
Thanks to e-performance, the Panamera is already on the road to success. Porsche will soon extend its hybrid strategy – inspired by the 918 Spyder super sports car – to the new generation of Cayenne vehicles. But before this can happen, rigorous tests must be carried out.
PSA to produce Aisin AW’s EAT6 automatic transmission in Valenciennes plant
PSA’s Valenciennes plant, which will have a production capacity of 300,000 automatic gearboxes per year, will cater to Peugeot, Citroën and DS flagship models, as well as Opel and Vauxhall models produced on the Group’s platforms. To meet the increasing demand of automatic gearboxes, the PSA Group has entered into a license agreement with Aisin… Continue reading PSA to produce Aisin AW’s EAT6 automatic transmission in Valenciennes plant
UPDATE 3-Tesla shareholders approve CEO Musk’s $2.6 bln compensation plan
SAN FRANCISCO/BOSTON (Reuters) – Tesla Inc shareholders approved a compensation package potentially worth $2.6 billion for Chief Executive Elon Musk on Wednesday in a test of their confidence in the leader of the electric car company. Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the… Continue reading UPDATE 3-Tesla shareholders approve CEO Musk’s $2.6 bln compensation plan
Groupe PSA Invests in Valenciennes to Produce Automatic Transmission under Aisin AW License
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: To meet the increasing demand of automatic gearboxes, Groupe PSA (Paris:UG) has entered into a license agreement with Aisin AW in order to produce the EAT6 gearbox in France. Until now this gearbox was manufactured by Aisin and imported from Japan. The competitiveness of the Valenciennes production plant, combined with its… Continue reading Groupe PSA Invests in Valenciennes to Produce Automatic Transmission under Aisin AW License
Skoda shoots 34% profit in 2017 and will launch 19 new models in two years
Published 3/21/2018 11: 35: 31CET MLADÁ BOLESLAV (CZECH REPUBLIC), Mar. 21 (EUROPA PRESS) – The Czech car firm Skoda posted a net profit of 1,274 million euros at the end of last year, which is an increase of 34% compared to the 951 million euros it won in 2016, according to data published by the… Continue reading Skoda shoots 34% profit in 2017 and will launch 19 new models in two years