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Joint Venture Uncategorized

DENSO and Toshiba Agree to Develop Artificial Intelligence Technology

DENSO Corporation and Toshiba Corporation have reached a basic agreement to jointly develop an artificial intelligence technology called Deep Neural Network-Intellectual Property (DNN-IP), which will be used in image recognition

Joint Venture Uncategorized

Lamborghini and Mitsubishi Rayon to jointly develop automotive material

Mitsubishi Rayon Co., Ltd. and Automobili Lamborghini S.p.A. signed recently a Memorandum of Understanding (MOU) to consider joint development in the area of carbon fiber composite material for automotive use. The two companies

Factory Insights Joint Venture Uncategorized

Force Motors opens engine plant for Mercedes

Pune-based Force Motors  on Wednesday inaugurated its Rs 100 crore greenfield plant for supplying engines and axle to Mercedes-Benz, India’s biggest luxury carmaker. The new plant has a current annual

Electric Vehicles Joint Venture Uncategorized

Uber partners with Guangzhou Automobile to promote new energy vehicles

The San Francisco based mobile company recently announced its partnership with the leading Chinese automaker to get aggressive on gaining market share in China and expand to 100 cities in

Joint Venture Uncategorized

Omnikart and ANtech Media tie-up to launch co-branded marketplace

Antech Media Solutions that operates b2b industry based news portals called, and will allow its users to directly access Omnikart products through its all websites. Industry professionals can

Business Joint Venture Uncategorized

DuPont and Dow Chemical mega-merger a game changer for auto industry

DuPont and Dow Chemical recently announced that their boards of directors unanimously approved a definitive agreement under which the companies will combine in an all-stock merger of equals. The combined

Business Joint Venture Uncategorized

GM and Navistar reach commercial vehicle agreement

General Motors Co. and Navistar have reached a long-term agreement to develop and assemble future medium-duty, conventional cab Class 4/5 commercial vehicles, allowing Navistar to strengthen its product lineup and

Business Joint Venture Uncategorized

Tata Motors signs global agreement with Total Lubrifiants

Tata Motors and Total Lubrifiants have signed an after-market partnership agreement, to supply high performance lubricants across Tata Motors sales & service points in the global market. Total Lubrifiants presence

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

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