1721 is ideal for urban and short-distance intercity routes. Out of the units, 50 will go to Empresa Flores and 20 to Real Rio, serving urban routes in the Baixada Fluminense and surrounding areas of Rio de Janeiro. All units were bodied by Caio and financed through the federal Refrota program via Banco Mercedes-Benz, with dealership support from Concessionário Miriam.   (Mercedes-Benz Trucks and Buses Brazil on March 21, 2025)...

News  Updated at: 2025/03/22

Banco Products, India to acquire Padra Coating Works’ business for INR 2.53 Million On February 8, Banco Products (India) Limited announced that its Board of Directors has approved the acquisition of the specified business of Padra Coating Works LLP. The acquisition includes the business of coating and plating components and parts of automobile gaskets, radiator parts, and related components. The transaction, conducted on a 'slump sale basis' a...

News  Updated at: 2025/02/11

Banco Português de Fomento approves EUR 9.94 million investment in Caetanobus, Portugal On December 19, Banco Português de Fomento approved an investment of EUR 9.94 million in Caetanobus, as part of the Deal-by-Deal co-investment programme. The investment aims to strengthen the company’s capacity in the sustainable mobility sector. The investment is addition to EUR 4.26 million, from HCapital Partners, the co-investor, required by this progr...

News  Updated at: 2024/12/23

Banco Sabadell invests in solar project at SEAT's Catalonia plant, Spain On August 2, Banco Sabadell, Spain announced that it would finance Spain's largest self-consumption project aimed at renewable energies. The project in collaboration with Conecta2 Energía, involves installing 26.46 MWp of photovoltaic panels at SEAT's manufacturing plants in Catalonia, Spain. Sinia Renovables (Banco Sabadell's renewable energy and sustainability investment ...

News  Updated at: 2024/08/02

Sigma Lithium signs USD 22.4 million letter of credit for export financing On July 29, Sigma Lithium announced that it has signed a deferred USD 22.4 million letter of credit with Banco do Brasil which will enable it to offer 90-day export vendor financing to its clients at very low interest rates. The transaction represents the inaugural solution for the company to improve its competitive position and deepen Sigma Lithium's commercial partnershi...

News  Updated at: 2024/07/30

production of future Ferrari models, including internal combustion, hybrid, and electric powertrains, with a strong emphasis on environmental and human factors. Prior to the inauguration, a workshop dedicated to Ferrari Partners, in collaboration with Spanish based multinational financial company, Banco Santander, will be held on June 20, to discuss reducing environmental impact. The event will gather about 30 partners to share best practices. T...

News  Updated at: 2024/06/18

Banco Products, India to invest INR 250 million into its new energy cooling systems business On May 29, Banco Products (India) announced that its board of directors has approved further investment in Banco New Energy Cooling Systems Limited, a wholly-owned subsidiary up to INR 250 million. The subsidiary company is engaged in manufacturing, assembling, importing, exporting, and distributing all kinds of heat exchangers for electrical vehicles (EV...

News  Updated at: 2024/05/30

nese company GAC Motor to begin selling vehicles in the country by mid-November. The automaker recently held a presentation with investors and distributors, showcasing its two models intended for competition in the market: the GS8 midsize SUV and the GS3 compact crossover. As part of this alliance, Banco Santander has agreed to finance up to 10,000 units within a year through the provision of automotive credit to customers. They will offer down p...

News  Updated at: 2023/11/11

sively and partner with 24 major local dealer groups for the opening of at least 40 terminal stores by the end of 2023 and a total of 100 by 2025 to provide local users with a strong sales network and high-quality after-sales services. On August 31, the automaker formed a strategic partnership with Banco Bilbao Vizcaya Argentaria, S.A. to provide users with more convenient, more innovative New Energy financial solutions. From a GWM press release...

News  Updated at: 2023/09/13

Banco Santander, Spain partners with Envision Group to accelerate net zero transition On November 9, Banco Santander announced a partnership with Envision Group to jointly promote the reduction of greenhouse gas emissions, leveraging the strength and expertise of both, to accelerate the global transition to a net zero economy. As part of this agreement, Banco Santander will support Envision Group’s strategic projects globally, including the dev...

News  Updated at: 2022/11/21

Banco India to create new subsidiary for EV components On April 22, Banco India announced that it has proposed a new subsidiary company under name as Banco New Energy Cooling Systems Limited. The proposed company to be incorporated to carry on all types of business of manufacturing, assembling, importing, exporting and distribution of all kinds of heat exchangers for electrical vehicles (EV) - automotive / non-automotive and Industrial applicatio...

News  Updated at: 2021/04/23

(with innovative service patterns, channel expansion and digital marketing as subcategories). The above-mentioned Shanghai consortium includes Shanghai Pudong Development Bank, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, China Merchants Bank, Industrial Bank and Banco Tai Fung. In January 2021, WM Motor completed the production of the first W6 battery electric vehicle that features the world’s first Cloud AV...

News  Updated at: 2021/02/18

This is in addition to the existing EUR 11 billion revolving credit facility with a term of until 2025 including extension options. The additional loan facility can be utilized within a 12-month period with two extension options of six months. The loan facility was agreed with the four lenders BNP, Banco Santander, Deutsche Bank and JPMorgan on April 1, 2020. Syndication has started. The further credit line creates an additional liquidity buffer ...

News  Updated at: 2020/04/03

uiz de Fora, the Campinas parts center and the Commercial Vehicle Proving Ground in Iracemápolis.The new company, Mercedes-Benz Cars & Vans Brazil, has 650 employees, including administrative staff located in São Bernardo do Campo and Campinas, as well as 450 employees at the Iracemápolis plant. Banco Mercedes-Benz, which already operates independently, remains headquartered in Sao Paulo, employing nearly 300 people, and responsible for all fi...

News  Updated at: 2020/01/15

Banco Products expands manufacturing capabilities  On August 27, Banco Products (India) Limited informed in its annual report for FY 2018-19, that it has invested INR 370 million in capital expenditure to expand its manufacturing capabilities. It invested in state-of-the-art continuous brazing furnace which prepares it well for stringent quality expectations under BS-VI standards. Banco other investments in brazing, core making and assembly equ...

News  Updated at: 2019/08/27

Renault to launch connected car fleet management service in Brazil On June 7, Renault announced that, in partnership with Banco RCI Brasil, it will launch the Renault Connect PRO management platform for new vehicles.Brazil will be the second country to have the new service, launched in Italy in 2018, for managing small or large fleets of automobiles and light commercial vehicles.Fleet managers will be able to monitor fuel consumption, driver beha...

News  Updated at: 2019/06/11

India-based Banco products to exit from unrelated business to focus on Auto Business  On October 25, Banco Products (India) Limited informed that it has decided to exit from unrelated business and restrict to its core business of auto and auto ancillaries and related businesses. Banco announced sale of its 100 % equity shareholding of Lake Minerals (Mauritius) Limited and sale of 5 % equity shareholding of Kilimanjaro Biochem Limited, Tanzania ...

News  Updated at: 2018/10/26

BNDES invests BRL 6.7 million for electric vehicle charging projects in Brazil On October 16, the BNDES-Banco Nacional de Desenvolvimento Econômico e Social announced it will invest BRL 6.7 million for two EV charging network development projects in Brazil. The investment was split into BRL 3.4 million and BRL 3.3 million to support the two initiatives that will be developed by Embrapii, CPqD, and the Certi Foundation.The institutions will devel...

News  Updated at: 2018/10/23

Banco Products updates about new product development In its annual report for FY 2016-17, Banco Products informed that it is engaged in development of radiators, oil coolers and intercooler to give higher heat transfer efficiency which enhance the engine life.It is also developing lightweight radiator by switching over to lower mass materials, it helps to enhance fuel efficiency and conserve fossil fuel. Banco Products also developed a compact co...

News  Updated at: 2017/10/27