n ownership and financing arrangement enabling Valmet Automotive’s strategic expansion, IONCOR, Valmet Automotive’s battery systems subsidiary, will become a subsidiary of Finnish Minerals Group (FMG), a state-owned company developing the battery value chain. Alongside FMG, Varma Mutual Pension Insurance Company and Pontos Group will also join as owners. After the transaction FMG will hold 70% of IONCOR, Varma 16%, and Pontos 14%. In 2024, Va...

OEM Plants  Updated at: 2025/12/24

n ownership and financing arrangement enabling Valmet Automotive’s strategic expansion, IONCOR, Valmet Automotive’s battery systems subsidiary, will become a subsidiary of Finnish Minerals Group (FMG), a state-owned company developing the battery value chain. Alongside FMG, Varma Mutual Pension Insurance Company and Pontos Group will also join as owners. After the transaction FMG will hold 70% of IONCOR, Varma 16%, and Pontos 14%. In 2024, Va...

OEM Plants  Updated at: 2025/12/23

m JSC, including Mercedes-Benz Rus JSC (official distributor in Russia), Mercedes-Benz Manufacturing Rus LLC (a car plant near Moscow), Mercedes-Benz Bank Rus LLC, Mercedes-Benz Financial Services Rus LLC (leasing subsidiary) and Mercedes-Benz Capital Rus LLC (engaged in leasing, factoring, and car insurance). Avtodom received the right to maintain Mercedes-Benz cars sold on the Russian market, including warranty and post-warranty support, to res...

OEM Plants  Updated at: 2025/12/19

has committed to subscribe for any rump shares in the Rights Issue for an amount of EUR 5 million, which would represent a shareholding in Ebusco of approximately 9.3% at the Settlement Date of the Rights Issue in the event.  On December 31, Ebusco submitted a request to the Netherlands Employees Insurance Agency (UWV) and informed the trade unions about its intentions. 102 Full-Time Equivalents (FTEs) will be impacted, representing approximate...

OEM Plants  Updated at: 2025/12/18

ther products. The plant, together with an automobile technology industrial park, will constitute Great Wall Motor’s project in Taizhou. Great Wall Motor plans to support the operation of the plant by introducing companies in such industries as key automotive parts, automotive finance, automotive insurance and shared mobility. These companies will enable Great Wall Motor to build a complete automotive industrial chain system. The Taizhou projec...

OEM Plants  Updated at: 2025/12/17

ing the percentage of renewable energy in its production. This includes the aspiration to increase its renewable energy source from 30% (current) to 85% by the end of the decade. Reported on September 10, Mercedes-Benz has launched the C200 AMG Line in Malaysia, priced at MYR 292,888 OTR (excluding insurance) for Peninsular Malaysia, with deliveries expected to begin in October. The model is locally assembled (CKD) in Pekan, alongside its sibling...

OEM Plants  Updated at: 2025/12/17

Perodua's Smart Mobility Plant (SMP), Rawang Plant Perodua QV-E BEV (2025-); Perodua’s new Smart Mobility Plant in Selangor, Malaysia Initial capacity: 500 units per month, set to reach 3,000 units by Q3 2026 Perodua officially launches QV-E, Malaysia’s first national EV On December 1, Perodua, Malaysia unveiled its first BEV, the QV-E, priced at MYR 80,000 (excluding insurance and battery). Developed at a cost of MYR 800 million, the “Que...

OEM Plants  Updated at: 2025/12/17

tart on their own. The recall affects some 2010 - 2013 Legacy and Outback cars, 2012 - 2013 Impreza sedans, and 2013 XV Crosstrek crossover vehicles. Five Subaru models, including Impreza, Legacy, Outback, Forester and Tribeca, were rated among the safest 2012 models in crash tests conducted by the Insurance Institute for Highway Safety. Subaru of Indiana Automotive Inc. (SIA) held a ceremony on March 16 to mark the 25th anniversary. SIA launched...

OEM Plants  Updated at: 2025/12/17

icanto was available as Naza Suria from December 2006 and as Naza Picanto from October 2009, but sales discontinued in 2011. This time, the Picanto will be sold under the Kia brand. Nasim announced on October 9 that it will introduce Peugeot 208 GTi hatchback with the price of MYR 139,888 including insurance. The sales target is 20 to 30 units per month. Nasim opened a new dealer at Old Klang Road, southern area of Kuala Lumpur on October 9. The ...

OEM Plants  Updated at: 2025/12/16

isplaying vehicles, the showroom will lease cars and offer charging service with an installed battery charger. In November 2013, the company released the 1E electric vehicle, the first EV sold under the Zinoro brand. It will be leased at the initial stage at CNY 8,000 to 10,000 per month, including insurance, repair, maintenance, road assistance and registration costs. The second Zinoro showroom is scheduled to open in Shanghai by the end of 2014...

OEM Plants  Updated at: 2025/12/16

h S tronic and all-wheel-drive system called “quattro.” At a curb weight of 1,344 kg as a result of omissions of some equipment and with technologies introduced from the company’s Le Man R18 racing cars, the car can sprint from 0 to 100 km/h in 3.7 seconds. Audi announced on March 28 that the Insurance Institute for Highway Safety (IIHS) rated the Audi A3 Sedan as Top Safety Pick+. Audi announced the A3 1.4 TFSI ultra on May 30, extending i...

OEM Plants  Updated at: 2025/12/16

y, it will generate enough solar energy to cut carbon emissions at the facility by 2,400 metric tons per year. GM Korea will increase the output to 6,500 megawatt-hors from 3,700 megawatt by 2014. IIHS announced on January 22 that only 1 minicar out of 11 tested achieves an acceptable rating in the Insurance Institute for Highway Safety's small overlap front crash test. The Chevrolet Spark's acceptable rating in the test, along with good ratings ...

OEM Plants  Updated at: 2025/12/15

gy vehicles in China, while developing sales operations overseas. Chery will also join hands with Putian Ocean Oil New Energy power Co. (tentative name) to build attached facilities including battery stations and develop quick-switchable batteries. In addition, Chery has tied up with Huatai fortune insurance Co.(tentative name) on the insurance for new energy vehicles while concluding a memorandum of understanding to construct an EV center in Tia...

OEM Plants  Updated at: 2025/12/10

undergoing a strict development and homologation program including hot and cold climate testing, durability and crash testing. VN5 will enter the market later this year in a highly competitive position, offering generous standard equipment, low operating costs, a comprehensive warranty, attractive insurance groupings and strong residual values. Available to order now, first VN5 deliveries commence in RHD form in Q4, with LHD models available fro...

OEM Plants  Updated at: 2025/12/09

rket development, commercial mode innovation and international business services. Specifically, the companies will seek cooperation in the fields of new energy, intelligentization, connectivity and lightweight vehicles. They plan to form partnerships in such fields as logistics, automotive finance, insurance services, aftermarket services and industrial investment. Additionally, the companies will strengthen their research and cooperation on such...

OEM Plants  Updated at: 2025/12/09

subsidiary to market heavy-duty commercial vehicles assembled at GAC Hino Motors in any of Chongqing, Tianjin, or Nanchang in Jiangxi Province. While marketing heavy-duty commercial vehicles such as trucks and trailers, the company will provide after-sales service, develop car rental business, auto insurance service and sell vehicles with a lift for wheelchairs. In line with this move Hoan Insurance Agency in Hotai Motor group will begin selling ...

OEM Plants  Updated at: 2025/12/02

ses BRL 25,000, in addition to an adjustment to salary. During a briefing held by the SMC, it was commented that the strike fund was opened for workers, who will receive up to BRL 1,000, given that Renault reduced salaries. The union also demands the creation of 300 new jobs, improvements in health insurance and the implementation of positions and salaries in the logistics sector. On June 4, it was announced that the strike at the Renault plant i...

OEM Plants  Updated at: 2025/11/26

ant for its Canter Eco Hybrid light-duty truck with smaller vehicle frame. It has a a shorter and narrower body by replacing battery cover and shortening rear overhang frame. Buyers can benefit from reduced automobile acquisition and weight taxes and can reduce annual vehicle inspection and vehicle insurance fees. It is priced at JPY 5,117,700, including consumption tax. MFTBC targets to sell 200 units a year. On November 24, Mitsubishi Fuso Truc...

OEM Plants  Updated at: 2025/11/25

nced that it will offer buyers a generous return policy that spans seven days or 1,000 miles. The plant will have 1,800 employees by its June launch and 2,500 by the end of 2021, along with 1,000 robots. Rivian has already begun opening a small number of showrooms across the U.S., launching its own insurance company, and offering online ordering with touchless delivery. On April 8, the town of Normal, Illinois Planning Commission voted to move fo...

OEM Plants  Updated at: 2025/11/18

ge and performance of its all-electric 2024 ID.4 SUV, built in Chattanooga, Tennessee, and looks forward to the North American arrival of its 2025 ID. Buzz in the fourth quarter. On June 4, Volkswagen of America announced that the 2024 Volkswagen ID.4 electric SUV was named a TOP SAFETY PICK by the Insurance Institute for Highway Safety (IIHS), joining the 2024 VW Atlas and Atlas Cross Sport, also built at the Chattanooga Assembly Plant. On Septe...

OEM Plants  Updated at: 2025/11/14