General Motors (GM) and Honda are investing $85m each into a joint venture (JV) that intends to start mass production of hydrogen fuel cells by 2020. The JV, Fuel Cell System Manufacturing, will operate within GM's existing battery pack ...
Sports car maker McLaren Automotive is building a £50m chassis factory in South Yorkshire, UK, creating 200 jobs. The facility will be built at the University of Sheffield's Advanced Manufacturing Research Centre (AMRC) at Catcliffe ...
Tags: McLaren, Sports car
Alpine 4 Technologies is providing Elio Motors its 6th Sense Auto and BrakeActive products, as well as related manufacturing, data sharing and engineering resources. Elio Motors, based in Phoenix, is a high-profile startup vehicle ...
Tags: Elio Motors, BrakeActive products
Lear, which supplies automotive seating and electrical systems, has agreed to acquire Grupo Antolin's automotive seating business. Grupo Antolin's seating business is headquartered in France with sales and operations concentrated in 5 ...
Tags: Lear, Antolin's Automotive, Seating Business
UK-based consumer goods maker Unilever has made a commitment to ensure usage of 100% recyclable plastic packaging by 2025. Besides ensuring all of its plastic packaging is designed to be fully reusable, recyclable or compostable, the firm ...
Tags: Plastic Packaging, Unilever
The PSA Group and the CK Birla Group have sign joint-venture (JV) agreements to produce and sell vehicles and components in India by 2020. The ceremony of signature lays the foundation for a long term partnership between the two Groups ...
Tags: PSA Group, CK Birla Group
China's moves to further ease foreign investment policies will open doors in some monopoly sectors this year while prohibiting local governments from curbing foreign companies, experts said. Their comments came after the State Council ...
China's manufacturing sector continued to slow in January 2017 because of a further improvement in the health of the sector. The Caixin General Manufacturing Purchasing Managers' Index (PMI) edged down to 51.0 last month from December's ...
Tags: manufacturing sector, PMI
China's overseas direct investment is estimated to soar 40 percent to a record $189 billion in 2016 from the previous year, according to a study released by the US consultancy Rhodium Group and Berlin-based Mercatur Institute for China ...
Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...
Tags: Electronics, electric vehicles
Niagara Bottling is set to invest around $95m to expand its operations in Box Elder County, Utah, US. The beverage bottling firm, along with the Economic Development Corporation of Utah (EDCUtah), has announced the expansion and capital ...
Tags: Niagara Bottling, beverage
Faraday Future, a company that's looking to take on Tesla at the luxury end of the smart car market, has admitted that it had to put building its ambitious $1 billion factory on hold to finance its presence at CES this year. When Faraday ...
Tags: Tesla, Faraday Future
FCA US said that it will invest a total of $1bn in plants in Michigan and Ohio, which will add 2000 new jobs. Consistent and combined with previously announced investments, FCA US is further demonstrating its commitment to strengthening ...
AstroNova’s wholly owned Danish subsidiary ANI has signed an agreement to acquire European digital printing manufacturer Trojanlabel. Denmark-based Trojanlabel is engaged in manufacturing products including digital color label ...
Tags: AstroNova, Danish Digital Printing
Samsung SDI has unveiled a new battery cell which allows electric vehicles (EVs) to run up to 600km with fast charging. Marking its 4th consecutive year, Samsung SDI (President and CEO: Namseong Cho) (KRX:006400) participated at the North ...