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Business Uncategorized

Mercedes-Benz scripts yet another historic sales record in India

Mercedes-Benz clocks its best ever Q2 and the highest ever half-yearly sales: astounding sales growth of 41% from H1 2014. India’s fastest growing luxury car brand for last three years

Business Expansion Uncategorized

Daimler and Renault-Nissan alliance start manufacturing joint venture in Mexico

Manufacturing joint venture called COMPAS (Cooperation Manufacturing Plant Aguascalientes) To build plant for the production of next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti COMPAS led by international

Bearings Joint Venture Uncategorized

IFT and Schaeffler Engineering merge to form a single company

Schaeffler Engineering GmbH has merged with Ingenieurgesellschaft für Triebwerkstechnik mbH (IFT), a 100% subsidiary of Schaeffler Technologies AG & Co KG. Following this merger, the Werdohl-based engineering service provider will

Business Expansion Uncategorized

GM to invest $1 billion in India to boost exports

General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity

Expansion Uncategorized

Chevrolet strengthens position in growth markets with $5 billion investment

All-new vehicle family tailored to local customer requirements General Motors and SAIC Motor partnership further enhanced Chevrolet announced recently that it is investing $5 billion to strengthen its business in global

Auto Update Business Uncategorized

Volkswagen beats Toyota in world’s biggest automaker race

German auto giant Volkswagen has raced ahead of Toyota becoming the world’s biggest automaker, as figures for the first half of the year showed on Tuesday. Camry and Prius maker

Automotive Uncategorized

Happy anniversary! MAN celebrates 60 years at its Munich plant

In 1955, the first truck rolled off the assembly line at MAN’s Munich plant. Sixty years on, MAN is marking the anniversary with a big family open day and vintage

Technology Uncategorized

Gleason unveils new gear production, workholding and inspection solutions at Gear Expo 2015

As the industry’s Total Gear Solutions Provider, Gleason will introduce advanced machines, tooling, and global customer support services covering a wide array of processes for the complete production and inspection of

Bearings Expansion Uncategorized

SKF to build test centre in Germany

SKF is investing in the construction of a large-size bearing (LSB) test centre in Schweinfurt, Germany. The investment, which totals SEK 360 million, is being supported by both the German

Expansion Joint Venture Uncategorized

GF to enter the promising North American automotive market

GF Automotive, a division of GF, announces a 50/50 joint venture with the world leading machining specialist Linamar Corp., Guelph (Ontario, Canada). Together, GF and Linamar Corp. will invest in