HAVAL to localize gearbox production in Russia On April 23, the Governor of the Tula region held negotiation with the Chairman of the Board of Great Wall Motor in China. An agreement was reached on localizing the production of gearboxes on the territory of the HAVAL plant in the Uzlovaya industrial park. HAVAL will keep growing its operations in the Tula Region. Based on social media updates of Governor of Tula region...

News  Updated at: 2025/04/30

key markets such as Goiás, Tocantins, Distrito Federal, Mato Grosso do Sul, and Rio Grande do Sul. The Ranger also dominated the high-end pickup segment with a 27% market share and the mid-tier segment with 24%. The Ranger Raptor recorded its best sales month, with around 300 units sold. The Ford Territory grew 20% year-over-year, with 612 units, becoming the brand’s second best-selling model. In South America, Ford saw a 43% sales increase i...

News  Updated at: 2025/02/08

Mexico, U.S. reach deal that delays Trump tariffs for one month On February 3, Mexico and the U.S. reached a one-month agreement to stave off tariffs and a looming trade war, the threat of which sent global markets racing downward earlier in the morning. The Dow Jones Industrial Average, a key stock index, plunged more than 650 points in early trading before recovering – though still in red territory – after news of the temporary pause in tar...

News  Updated at: 2025/02/04

Valeo opens new lighting plant in Changshu, China Valeo Group (Valeo) held a grand opening ceremony for Valeo New Energy Lighting (Changshu) Co., Ltd. in Changshu, China, on January 16, 2025. It is a new business territory upgraded and expanded by Valeo on the basis of the original Changshu factory. It focuses on R&D and production of special lighting for visual systems. The company has an 8,000 sqm smart production workshop and is expected to ex...

News  Updated at: 2025/01/23

Ford opens sales for 2025 Territory with new feature in Brazil On September 2, Ford announced the start of sales of its 2025 Territory model in Brazil, with a new remote start feature. This new remote start function allows the AC and driver's seat ventilation to be activated using the key, allowing the vehicle to be at the ideal temperature when starting. Its engine is a 169 hp EcoBoost 1.5 Otto cycle coupled to a 7-speed dual-clutch automatic tr...

News  Updated at: 2024/09/04

Lucid working on three EVs to follow Gravity launch During and after Monterey Car Week, Lucid executives have been speaking about the mid-size EV program the company has been working on. CEO Peter Rawlinson has been talking about competing with Tesla on technology and said Lucid will develop electric vehicles in the sub-USD 50,000 price range that is "right in the heart of Tesla Model 3, Model Y territory." Besides the big three-row Gravity SUV t...

News  Updated at: 2024/08/24

NorthStar Clean Energy opens Arkansas solar farm to power three GM plants On August 7, NorthStar Clean Energy announced the official opening of Newport Solar, a 180 MW project designed to source renewable electricity for General Motors’ operations in the Midcontinent Independent System Operator (MISO) territory including Lansing Delta Township Assembly and Lansing Grand River Assembly in Michigan, as well as Wentzville Assembly in Missouri. The...

News  Updated at: 2024/08/09

Malaysia: 2,585 EV chargers set up as of June 25; Govt.’s target still at 10,000 charging points by 2025 Reported on July 15, 2024, the Malaysian Minister of Investment, Trade and Industry revealed that 2,585 EV chargers (610 DC-type units and 1,975 AC-type units) have been installed nationwide as of June 25, excluding the federal territory of Labuan.  The increase over the past 2-3 months has been significant, supported by the government’s ...

News  Updated at: 2024/07/17

Ford Philippines records sales of 14,460 units in H1/2024 led by Ranger and Everest Reported on July 10, 2024, Ford Philippines recorded overall sales of 14,460 units in the first 6 months of 2024, led by the Ranger and Everest. In H1/2024, sales of Ford Ranger grew around 29% YoY to 6,872 units. Sales for the Ford Everest jumped by around 20% YoY to 4,536 units.  Meanwhile, sales of Ford Territory contributed 2,771 units. The newly-launched Mus...

News  Updated at: 2024/07/12

50 Wh/kg. The installation capacity is 102 Ah, energy intensity is 62 kWh, which allows the trolleybus to autonomously travel up to 30 km regardless of weather conditions. The lithium-ion rechargeable traction battery is charged from a contact network or an industrial network of 380 V, 50 Hz on the territory of the trolleybus depot. Based on Volgabus press release...

News  Updated at: 2024/06/27

rease in vehicle production at the plant from supply problems and adjustments to production lines. Since COMPAS has its own management bodies, Nissan Mexicana mentioned not being involved in the decisions made. “Nissan continues with its usual operation in all the company's plants in the national territory, including all its operations in the state of Aguascalientes: Aguascalientes 1, Aguascalientes 2 and Powertrain,” the OEM clarified in a p...

News  Updated at: 2024/06/21

Ford Motor Company registers trademark for ‘Territory’ nametag in India Per the Controller General of Patents Design and Trademarks, India, Ford Motor filed a trademark for the ‘Territory’ nametag in India. The trademark is valid up to March 23, 2030, and now stands registered for automobiles. It highlights the possibility of Ford coming back to the Indian market with a new vehicle. Globally, Territory is a mid-size SUV and comes with a ...

News  Updated at: 2024/04/24

are to shut down the central bank and to “dollarize” the Argentinian economy, by transitioning from the Argentinian peso to the US Dollar. Consumers continue to struggle with elevated inflation levels, as inflation hit 276.2% in February 2024, and the rate is expected to remain in triple-digit territory for the remainder of 2024. Forecasts indicate that the country may fall further into negative territory before positive results emerge, as t...

News  Updated at: 2024/04/17

st full-size electric SUV concept, the Genesis Neolun Concept embodies an array of state-of-the-art technological features.  The Genesis GV60 Magma Concept, within the wider Genesis Magma program, redefines the boundaries of performance and luxury, and signals brand’s entry into high-performance territory. The Neolun’s most prominent exterior feature are the distinctive coach doors, without any B-pillars connecting the vehicle’s body and r...

News  Updated at: 2024/03/27

Shanghai Unison Aluminum Products to invest in Plovdiv, Bulgaria On March 19, Invest Plovdiv announced that Shanghai Unison Aluminum Products will invest EUR 35 million in the territory of the Trakia Economic Zone. It will produce aluminum profiles for the automotive industry. The factory is expected to open within a year and will ensure between 150-200 new jobs. The company is among the suppliers of automotive giants such as Tesla, Volvo, and Fi...

News  Updated at: 2024/03/19

l blocks were being put up for auction as composite licenses in this 3rd tranche. These seven blocks pertain to critical minerals such as glauconite, graphite, nickel, PGE, potash, lithium, and titanium. They are spread across the States of Bihar, Jharkhand, Tamil Nadu, Uttar Pradesh, and the Union Territory of Jammu and Kashmir. The Central Government has recently launched an auction of 38 critical and strategic minerals. Based on the PIB India ...

News  Updated at: 2024/03/15

pan and India, production will revert to a more typical level. On the demand front, sales have been softening in most markets in the region now that pent-up demand following the pandemic has been satisfied. Production growth is set to moderate across many markets in Asia and even fall into negative territory in Japan, Korea, Malaysia and the Philippines. In Japan, Light Vehicle sales dropped 12% YoY in January, the first YoY decline in 17 months....

News  Updated at: 2024/02/29

ding Audi and other Volkswagen Group brands access to Verizon's U.S. public network, local European networks, and Audi's MVNO partner's roaming network in the Asia-Pacific region. The Neustadt test-track network offers geographic flexibility, giving Audi a competitive edge by streamlining its multi-territory R&D test cycle. This allows for better replication of driver/passenger experiences worldwide and access to the latest network and applicatio...

News  Updated at: 2024/02/23

stem Components LLC received a preferential loan for RUB 1.2 billion from the Industrial Development Fund (IDF) to localize the production of passive safety system components. The project will create 200 new jobs. The total investment amount will be RUB 1.5 billion.  As part of the project, on the territory of the UAZ industrial park, the production of critical components for the automotive industry will be launched. It includes airbags, steerin...

News  Updated at: 2024/02/21

turing LFP battery packs in the covered geographies, BorgWarner will be licensed by FinDreams Battery to use its intellectual property related to battery pack design and manufacturing processes.  “The overseas localization cooperation with BorgWarner on battery packs using FDB blade cells in the territory takes the advantages of each other’s strengths, provides diversified and flexible options for overseas customers, and also offers extra ac...

News  Updated at: 2024/02/09