India Approves $4.1bn Electric Mobility Mission Plan
The Indian government has cleared a $4.1 billion initiative aimed at boosting hybrid and electric vehicle production, targeting 6 million EV and hybrid sales by 2020.
Coverage tagged Manufacturing.
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The Indian government has cleared a $4.1 billion initiative aimed at boosting hybrid and electric vehicle production, targeting 6 million EV and hybrid sales by 2020.
NEVS has secured the rights to use the Saab name for its new electric car, resolving a dispute over the brand and clearing the way for production in Trollhättan next year.
The Chinese government has approved Volvo's plan for a 4 billion yuan Chengdu plant, paving the way for local production of the XC60 and S60L from 2013.
Fiat will halt output at its Pomigliano d’Arco plant for two separate weeks in autumn 2012, temporarily laying off 2,200 workers as European car sales continue to fall.
Completion of Saab’s sale to National Electric Vehicle Sweden has been postponed after complications with the rights to the Saab name and delays in securing funding.
Consultants forecast Western European new car sales will not return to pre-crisis levels before 2020, with demand still well below the 2007 peak.
Chevrolet's next-generation Cruze will move to GM's D2XX architecture, promising updated styling, improved interior space and better fuel economy from autumn 2014.
Nissan is weighing the introduction of its revived Datsun brand to African markets as part of a broader push to boost sales and production capacity across the continent.
Volkswagen is opening a new €927 million transmission factory in Tianjin, China, to produce next-generation DSG gearboxes for the local market.
Brownfield Communities Development has purchased the ex-GM Mansfield-Ontario stamping plant in Ohio, with plans to bring in new tenants and create 1,100 jobs at the site.
Daimler Buses has secured an order to deliver 150 Mercedes-Benz and Setra buses to DB Fleet Management, with deliveries to begin in 2013 for urban and regional use.
Tesla has confirmed production of 50 Model S vehicles, with 29 already in customer hands and over 39,000 miles logged collectively.
BMW’s Rosslyn plant has gained Chinese certification, clearing the way for exports of the new 3 Series from South Africa to China starting in 2012.
Chrysler has introduced a 3D modelling system at its Indiana plant, aiming to reduce engineering costs and improve production of new eight- and nine-speed transmissions.
Ford will halt all vehicle production in Australia by October 2016, closing its Broadmeadows and Geelong plants and affecting hundreds of jobs as local demand slumps.
Major manufacturers including Ford, Opel, Fiat and Peugeot Citroën are facing mounting losses as European car plants run well below capacity and sales continue to fall.
Mahindra Reva Electric Vehicles has inaugurated a new Bangalore facility with a 30,000-unit annual capacity, aiming to advance electric mobility in India from September 2012.
Volkswagen finalised its acquisition of the remaining 50.1% stake in Porsche on 1 August 2012, consolidating the sports car maker under its corporate umbrella after years of legal and financial manoeuvring.
Scania has begun construction of a new manufacturing facility near Bangalore, aiming to produce trucks and buses for the Indian market from 2013.
A German report alleges that FAW systematically copied Volkswagen engine and transmission technology, raising concerns about IP protection in China and the future of the joint venture.
SBS Transit has placed a new order for 450 Euro 5 Mercedes-Benz Citaro buses, with deliveries set to begin in autumn 2012 and run through 2015.
Hyundai's South Korean union will stage a new strike on 20 July after wage negotiations failed, with further overtime refusals planned and production losses already mounting.
PSA Peugeot Citroën’s decision to cut 8,000 jobs and close the Aulnay plant has drawn a strong response from the French government, which says it cannot accept the move.
Production of the new Ford Mondeo for Europe, originally set for April 2013, has been postponed while the company addresses specification and homologation challenges.