Canada-based TG Minto Corporation, a subsidiary of Japanese automaker Toyoda Gosei, has commenced operations at its new plant in Stratford, Ontario, Canada to meet automotive parts demand in North America. The new 6,000 sq ft plant, ...
Tags: Toyoda Gosei
US based automaker Chrysler Group is planning to invest about $52m in its Michigan engine plants at Trenton and Dundee to boost the capacity of Tigershark engine. Of the overall investment, $11.5m will be spent in Trenton North facility ...
Tags: Chrysler, Engine Capacity
US based vehicle manufacturer General Motors has cut the price of its new Chevrolet Volt car by $5,000, becoming the latest automaker to reduce prices of electric vehicles. The company said the new price will start at $34,995, including a ...
Tags: General Motors, Chevrolet
For July, Chrysler Group reported US sales of 140,102 units, an 11 percent increase compared with sales in July 2012 (126,089 units), and the group's best July sales since 2006. July 2013 also reflected the 40th consecutive month of ...
Tags: Auto Sales, Mineral
VE Commercial Vehicles (VCEV), a joint venture between Swedish automaker Volvo and Indian firm Eicher Motors has commenced production at its new engine manufacturing plant at Pithampur, Madhya Pradesh, India. Set up with an investment of ...
Tags: Volvo Eicher, Engine Plant
Toyota Motor Corporation appears set to become the first car maker to build 10 million vehicles in a single year, as it simultaneously holds a six-month sales lead over both General Motors and Volkswagen. Helped by demand for hybrids in ...
Japanese automakers including Toyota, Nissan, Honda, and Mitsubishi have joined hands to build charging infrastructures for electric-powered vehicles including Plug-in Hybrids (PHVs), plug-in hybrid electrics (PHEV) and electric vehicles ...
Tags: Automakers, Ev Charging
German automaker BMW has unveiled the series version of its new electric vehicle, the BMW i3 simultaneously in New York, London and Beijing. The new EV is powered by an electric drive-train that generates an output of 170hp and peak ...
Tags: I3 Electric Car, BMW
Japanese automaker Toyota is planning to invest $30m at its Princeton manufacturing plant in Indiana, US to boost the production of gas variant of Highlander mid-size sport utility vehicle (SUV) starting in 2014. The new investment ...
Tags: Toyota, Highlander SUV
Cadillac, a luxury automobile and SUV division of US automaker General Motors, has unveiled the new Twin-Turbo V-6 engine, which is claimed to reduce the turbo lag. Company's Twin-Turbo will available with the 2014 CTS Vsport midsize ...
Tags: Cadillac, V-6 Engine
It is reported that ArcelorMittal is forecasting growth of between 9%~10% annually in the Chinese auto steel demand. The general manager of ArcelorMittal is quoted saying demand for auto sheet in China reached 13 million~14 million ...
Tags: Auto Steel Demand, Mineral
German automaker BMW is planning to acquire 2% share in the UK-based electric vehicle (EV) charging station provider Chargemaster. The agreement is expected to be officially announced on 29 July 2013 prior to the launch of BMW's i3 EV. ...
Tags: electric vehicle, BMW
Japanese automaker Toyota is planning to invest about $230m to build a new car engine manufacturing plant in Indonesia, as part of its strategy to expand powertrain production in emerging markets by 20%. The new plant will be used to ...
Tags: Engine Plant, Toyota
French automaker Renault has reported a revenue of EUR20.4bn during the first half of 2013, a 0.9% decrease compared to the revenue it reported during the corresponding period of 2012. The company reported an operating margin of EUR583m, ...
German automotive manufacturer Daimler’s high performance brand Mercedes-AMG and Aston Martin have signed a letter of intent for a technical partnership for the development of British sports car maker's bespoke V8 engines. Upon the ...
Tags: Daimler, Aston Martin