Focus on automotive: Cars
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06/18/2019FCA Bank was awarded with the "Creators of value" award at the XVII edition of Milano Finanza Global Awards 2019. The award is given to the banks that have achieved the best capital performance and efficiency asset. FCA Bank was awarded in the Creators of Value category as the best leasing company by profit. The evaluation parameters were: net... -
06/18/2019Through its self-driving development partner Argo AI Ford started to deploy third-generation test vehicles in Detroit. Detroit is a logical test site. In addition to its proximity to Ford's Dearborn headquarters, the city's roadways, which vary from wide corridors with unmarked lanes to narrow side streets with parked cars, present a unique... -
06/18/2019PSA Group will start assembling batteries for its hybrid and electric cars at its plant in Trnava, Slovakia, and later at its plant in Vigo, Spain. The company also expects to produce batteries at some of its other factories as sales of electric cars pick up, Peugeot's industrial director, Yann Vincent, said. PSA currently buys batteries from... -
06/18/2019Real-estate conglomerate Vingroup JSC’s auto unit VinFast marked the rollout of its first vehicles from its assembly line on Friday, embodying the aspirations of the fast-developing country’s government to build a modern manufacturing sector. «This makes a great contribution to the national economy. It affirms that the private sector is a very... -
06/18/2019FCA US and Aurora have signed a memorandum of understanding laying the groundwork for a powerful partnership to develop self-driving commercial vehicles. Through this proposed partnership, FCA and Aurora would integrate the Aurora Driver into FCA commercial vehicle lines. The Aurora Driver is Aurora's self-driving platform that comprises the... -
06/17/2019Geely Automobile plans to establish a $188 million joint venture with Korean battery supplier LG Chem to produce batteries for its growing lineup of electric vehicles. Under an agreement the two sides signed lasw week, the partnership will be equally owned by LG Chem and Geely’s Shanghai-based subsidiary, Shanghai Maple Guorun Automobile. The... -
06/17/2019Evergrande Group plans to build a 160 billion yuan ($23 billion) production complex for electric vehicles and related components in the south China city of Guangzhou. The site will boast an EV plant with annual capacity of 1 million vehicles, a factory that can build up to 50 gigawatt-hours of EV batteries a year and a plant capable of supplying...