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Joint Venture
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
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
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
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
Omnikart and ANtech Media tie-up to launch co-branded marketplace
Antech Media Solutions that operates b2b industry based news portals called MfgTechUpdate.com, AutoTechUpdates.com and 3dians.com will allow its users to directly access Omnikart products through its all websites. Industry professionals can
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
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
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
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
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
