The FINANCIAL — Porsche has joined the “Responsible Mica Initiative“ (RMI). This cross-industry coalition of international companies and non-governmental organizations is campaigning for transparency and improved working conditions in mica mining. The raw material is used in numerous industrial and cosmetic products.
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The FINANCIAL — Nikola Corporation and General Motors announced a strategic partnership that begins with the Nikola Badger and carries cost reductions through Nikola’s program. As part of the agreement, Nikola will utilize General Motors’ Ultium battery system and Hydrotec fuel cell technology,
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The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still
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The FINANCIAL — General Motors and Honda announced that they had signed a non-binding memorandum of understanding following extensive preliminary discussions toward establishing a North American automotive alliance. The scope of the proposed alliance includes a range of vehicles to be sold under
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The FINANCIAL -- In 2019, EU Member States exported almost 1 million bicycles and other cycles, worth a total of €368 million, to countries outside of the EU. This represents a 24% increase in numbers compared with 2012.
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The FINANCIAL — Nissan Motor Co., Ltd. today announced financial results for the three months ended June 30, 2020, and the outlook for fiscal year 2020. In the first quarter of the fiscal year, global industrywide auto sales fell by almost half amid the
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Ford Motor Co has told it was recalling about 26 000 cars in North America due to safety issues. For some of the cars airbag system may not perform as intended in some circumstances. Other affected vehicles were built without certain thermal protection components
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Car suspension and repair service company OTO Motors plans to open new branches in western Georgia in 2021. “The distribution network of OTO Motors covers all of Georgia, including the high mountainous regions in the country. Today we have four service centers,
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The FINANCIAL – Toyota is amending a safety recall involving possible fuel pump failures that can cause engines to stall. Toyota is adding 1.2 million vehicles to a major recall in the U.S. and added vehicles bring the total to 1.8 million.
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