Volkswagen has launched a new integrated commercial vehicles group, Truck & Bus GmbH, bringing together a structured framework for business with mid-sized and heavy trucks and buses. Led by Volkswagen Aktiengesellschaft management ...
Tags: Volkswagen, Commercial Vehicles
The Italian Government will be granting incentives to Lamborghini to make the company build an SUV in the country. There is a possibility of Prime Minister Matteo Renzi's government offering tax breaks and other benefits amounting to ...
Tags: Lamborghini, SUV
SKODA has detailed new features of its SKODA Superb, including assistance systems to offer improved safety and comfort. SKODA Superb, which incorporates Volkswagen's MQB technology, features assistance systems, including blind spot ...
Volkswagen has secured a €400m loan from the Export Development Canada (EDC), to facilitate expansion of its operations in southern US and Mexico. The financing will allow the automotive giant to offer business opportunities to small ...
Ford along with its Chinese partner Chongqing Changan Automobile is planning to invest $1.08bn to buy a plant owned by Chinese automaker Harbin Hafei Automobile. Changan Ford Automobile, a joint venture between Ford and its Chinese ...
Royal Philips NV of Amsterdam, The Netherlands (the world's largest lighting producer) has agreed to sell an 80.1% stake in its combined LED components and Automotive lighting business to GO Scale Capital, a new growth-stage investment fund ...
Tags: Lumileds, Royal Philips, Electronics
Royal Philips has announced that it has signed an agreement with a consortium led by GO Scale Capital through which it will acquire an 80.1% interest in Philips' combined LED components and automotive lighting business, with Philips ...
Tags: automotive lighting, Philips, LED
General Motors is reportedly planning to build its next-generation Chevrolet Cruze at Coahuila plant in Mexico. The company is also planning to invest $350m for the production of the next generation small car, reported Reuters. ...
Tags: Motors, Chevrolet, Auto Parts
Volkswagen has announced that the company will be cutting a shift from its Russian plant in Kaluga, which will result in 150 job losses. The German automaker said, starting this April, the Kaluga car plant located in south of the capital ...
Tags: Volkswagen, Significant price, Auto Parts
Spanish automaker SEAT has announced that it will hire 100 engineers over the next six months to reinforce the projects under development at SEAT’s Technical Centre (CTS) in Spain. The engineers are expected to work towards the ...
Tags: SEAT, 2014 CTS, Auto Parts
Scania is one of the world’s leading manufacturers of trucks and cfor heavy transport applications, and of industrial and marine engines. Core to Scania’s operations is to provide solid parts and service support as well as ...
Tags: Scania, trucks, heavy transport applications, buses
Volkswagen has announced its plans to invest $1bn to expand and modernize its Puebla plant in Mexico. The German automaker is planning to manufacture Tiguan compact crossover SUV in the Mexican plant, which currently produces Golf on ...
Tags: Volkswagen, Puebla Plant
China's auto industry saw total sales drop by 0.22 percent to 1.59 million units in February, the first year-on-year drop in two years, data from an industry association showed Tuesday. Sales of passenger cars increased 6.42 percent ...
Tags: auto industry, passenger cars
With 'wildfire' growth over, many production lines idle Overcapacity is proving to be a headache for automakers in China as sales slow in the world's largest auto market, said analysts and industry insiders. Though 23.5 million vehicles ...
Tags: Auto Market, Overcapacity
Audi has introduced a robot at its A4/A5/Q5 assembly lines at the Ingolstadt plant in Germany which is expected to work hand-in-hand with humans. The robot dubbed 'PART4you' is designed to make ergonomic improvements in the assembly and ...
Tags: Audi, Ingolstadt Plant