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| AUTO |
VW brand is cutting jobs more quickly than planned -HR boss
June 24, 2017
Volkswagen is reducing the workforce at its core division more rapidly than planned, its human resources chief said, helping the brand make progress on cost cuts needed to revive the business. The world's largest automaker is overhauling its biggest division by sales to generate funds to invest in electric cars"...
Confederate Fighter Creates Mayhem As Cool Motorcycle Punk, Mohawk, In Transformers: The Last Knight
June 23, 2017
(ME NewsWire)-- Confederate Motorcycles, creator of the world’s most exotic road-going machines, has announced that its most advanced motorcycle yet, the P51 Combat Fighter, has been included in the production of Transformers: The Last Knight. The global luxury brand is excited to confirm that the Decepticon, Mohawk, will appear as a Fighter in its disguised vehicle form. H. Matthew Chambers, CEO of Confederate Motorcycles, said: “The Fighter is pure yang power born to raise hell, so his transformation into the knife wielding, mayhem-causing, motorcycle punk is logical and interesting.” Of the 61 Combat Collection special editions, each hand built by Confederate’s highly-skilled master craftsmen at its Birmingham headquarters, only two remain available for reservation. Transformers: The Last Knight is now showing in theaters worldwide. Confederate Motors, Inc. (CFED)......
Honda Cars India to export 1.6L diesel engines to Thailand for first time
June 22, 2017
The Indian arm of Japanese carmaker, Honda Cars India will for the first time commence exports of the fully assembled 1.6L diesel engine from its Tapukara plant in Rajasthan. Exports start from July this year.
Another first to the carmakers credit will be making the complete 1.6L diesel engine in India as currently"...
XPRIZE Announces Teams Advancing in $15M Global Learning XPRIZE at EdTechXEurope
June 22, 2017
(ME NewsWire)-- Today, XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, announced 11 semi-finalists advancing in the $15M Global Learning XPRIZE. Announced at this year’s EdTechXEurope, XPRIZE is challenging these semi-finalist teams to develop open source and scalable software that will enable children in developing countries to teach themselves basic reading, writing and arithmetic within 15 months. “Throughout my career, I’ve seen the many ways technology has evolved to help children access an education they may otherwise not have,” said Matt Keller, senior director of the Global Learning XPRIZE. “What most excites XPRIZE about these semi-finalist teams is the possibility that their innovative software solutions can exponentially transform the way learning happens across the world,......
Australian Automotive Manufacturing Plants Shutting Down Operations
June 22, 2017
(ME NewsWire)-- Hilco Industrial Acquisitions B.V. (www.hilcoind.com) announced today that it will lead the disposition process for a massive machinery and equipment asset sale which will effectively shut down the automobile manufacturing business on the Australian Continent. The sale comes because of the recent closure of all Toyota Australia manufacturing operations, the last remaining auto production facility remaining on the continent. This unprecedented auto equipment sale will include all the key production shops and vendors that have been part of the manufacture of cars in Australia for over 60 years. All the equipment will be offered for sale via private treaty from their production shops including aluminum casting, furnaces, engine line machining, assembly, robotic automation, presses, extruders, plastic injection molding machines, welding lines and plant services. Certain key machinery......
Top 10 two-wheelers in May: Honda Dio enters the elite list for the first time in six year
June 20, 2017
A war is currently raging in the two-wheeler market over the top 10 slots on a MoM basis. The key contenders in the fray vying for space are primarily the 100-110cc mass market motorcycles and automatic scooters with similar displacements.
Interestingly, scooters have performed far better than their motorcycle counterparts during May 2017 according to the latest statistics provided by industry body SIAM....
Fiat Chrysler denies report it has decided to pull Chrysler brand from Japan
June 19, 2017
Fiat Chrysler Automobiles denied it had decided to pull the plug on the Chrysler brand in Japan, after local media reported it was planning to stop selling the U.S. cars in the country as early as next year following years of poor sales. 'Although FCA Japan has already announced its intention to concentrate its resources on the Jeep brand ahead, no decisions have been made regarding (the) Chrysler brand,' the automaker said in a statement on Monday. The Nikkei business daily reported that the European-U.S. automaker, which also sells the Jeep, Fiat, Alfa Romeo and Abarth brands in Japan, was close to deciding to throw in the towel on the Chrysler brand, which posted sales of less than 300 vehicles in 2016, having fallen steadily since around 2000. Sales of the brand in Japan have shrunk to roughly one-tenth of what they were a decade ago. At the moment, FCA sells only one Chrysler......
Chinese Automaker JAC Motors Exhibited at Expo 2017 Held in Kazakhstan
June 19, 2017
(ME NewsWire)-- At the ongoing Expo 2017 in Astana, the leading Chinese automaker JAC Motors and its Kazakhstani distributor showcased three models: the S3, the iEV6S and the iEV5. Echoing the theme of China Pavilion, “Future Energy, Green Silk Road”, JAC also took the opportunity to exhibit their latest green energy vehicle technologies and concepts. Making a mark in Kazakhstan As an important nation along the corridor, Kazakhstan connects China with Central Europe via “the Belt and Road” economic zone. The country covers a large region of Central Asia and Eastern Europe and is one of JAC’s most valuable markets. In March 2015, with the blessing of China’s Premier Li Keqiang and Kazakhstan’s Premier Karim Masimov, JAC and its distributor Allur Group, officially signed the KD assembly licensing agreement. As per the agreement, Allur Group, a Kazakhstan automotive company, will be responsible for the assembly of all JAC cars. By signing this agreement, JAC is expected to meet the demands in Russia and neighboring countries and......
GCC BORGWARD Distributors Experience SUV’s Unparalleled Performance
June 18, 2017
BORGWARD Group AG, the global automotive manufacturer, invited distributors and VIP guests from the GCC to Germany for a thrilling, once-in-a-lifetime driving adventure in BX5 and BX7 vehicles. The following local distributors were in Germany to experience first-hand the rich and innovative racing history and the new “Accessible Premium” of the reborn BORGWARD brand: Bahrain:"...
GE Signs $575 Million Agreement with Ministry of Transportation and Egyptian National Railways to Help Transform Rail Infrastructure in Egypt
June 18, 2017
(ME NewsWire)-- GE (NYSE: GE) announced today that it signed a Letter of Intent with the Ministry of Transportation (MoT) and Egyptian National Railways (ENR), worth $575 million, to supply 100 GE ES30ACi Light Evolution Series Locomotives that can be used for both passengers or freight rail, as well as a 15-year agreement for parts and technical support for GE locomotives in ENR’s new and current fleet. The agreement, which is the largest ever between the parties, also includes"...
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