Volvo Cars is planning to invest $500m to build a new manufacturing facility in the US, as a part of the company's long-term plan for the market. With the new plant, the carmaker aims to exceed its volume targets in the US, with plans ...
Tags: Volvo, Cars, Auto Parts
Mercedes-Benz is planning to introduce the company’s first pickup truck by 2020, and become the first premium manufacturer to produce a pickup truck under its brand name. According to the German automaker, the company is simply ...
Tags: Mercedes-Benz, Truck, Auto Parts
German automaker Daimler has chosen Korean advanced battery maker LG Chem to supply lithium-ion batteries for its Smart EVs which scheduled to be launched in 2016. LG Chem highlighted that it will providing battery cells to Smart EV and ...
Tags: LG, Smart EV, Auto Parts
Chinese automaker Geely, the owner of the London Taxi Company has unveiled plan to invest 250m on new research, development and assembly facility for the development of electric and ultra-low emission London Black Cab. The London Taxi ...
Tags: Geely, Taxi, Auto Parts
Jaguar Land Rover has announced plan to invest 600m in West Midlands, UK for the creation of new products and advanced vehicle manufacturing. The company will be investing more than 400m at Castle Bromwich plant to upgrade the facility ...
Tags: Jaguar, Land Rover, Auto Parts
Honda has announced a new lease programs for the existing and prospective Fit EV customers. Under the new program, the existing Fit EV customers will get a two-year lease extension , along with lower monthly payment option of $199, ...
Tags: Honda, Fit EV, 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
BMW is teaming up with logistics company SCHERM Group to use a 40-ton pure-electric truck in Munich this summer. By deploying the truck, BMW will become the first automaker in Germany to use a 40-ton electric truck to transport materials ...
Tags: BMW, SCHERM, Auto Parts
The automobile industry has officially become the latest battleground for China's three Internet giants after Tencent Holdings Ltd announced a foray into smart cars. The owner of China's most widely used instant messaging app WeChat has ...
Tags: Auto Market, Automobile Industry
General Motors has announced that its 2016 Chevrolet Camaro will be nothing like its predecessors, as is has been completely redesigned. The company highlighted that only two parts will carry over from the fifth-generation model, which ...
Tags: Chevrolet Camaro, Motors, Auto Parts
Ford has announced that the company is using new techniques including eye tracking, to gather emotional and logical customer insights, to learn about how buyers visually discover new cars and trucks. According to Ford, a great-looking ...
Tags: Ford, automaker, 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
Automotive supplier Magna International has commenced construction on a new automotive exteriors manufacturing facility in Queretaro, Mexico. The company is investing $135m on the 285,000 ft2 plant, which will manufacture molded and ...
Tags: Magna, automaker, Auto Parts
British automaker Jaguar Land Rover has announced that it will reveal the next generation Jaguar XF in London on 24 March, ahead of its global premier in New York. The automaker has teamed up with British stuntman Jim Dowdall to perform ...
Tags: Jaguar XF, automaker, Auto Parts
General Motors has announced the exit of its Opel brand from Russia market by December 2015 as well as planned an overhaul of its entire business model in the country. Apart from taking off its Opel brand, the company will also minimize ...
Tags: Motor, Business Model, Auto Parts