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GF to Acquire Swiss Precision Casting Manufacturer

GF Automotive, a division of GF, is to purchase 100% of Precicast Industrial Holding SA, the swiss-based precision casting specialist. This is in line with the division’s strategy to increase

Business

IMTMA: Union Budget 2018 an Enabler for Manufacturing Growth

Union Budget 2018 presented by Finance Minister Arun Jaitley will drive the much-needed growth for MSMEs across sectors. The reduction in corporate tax for entities with turnover of up to

Business

Faurecia and Accenture join forces to Reinvent Onboard Experience for Connected and Autonomous Vehicles

Faurecia and Accenture recently announced they have signed a memorandum of understanding for a five-year collaboration to accelerate innovation for mobility services. Faurecia and Accenture will combine their innovation expertise

Business

Fras- le expands its business footprint in Asia through a Joint Venture in India

Fras-le S.A. (a Randon Company) manufacturer of auto parts, with friction material as the main flagship product, with shares traded on the stock exchange (BOVESPA FRAS), and ASK Automotive (P)

Business

Honda and SenseTime joined hands for Automated Driving Technologies

As part of its efforts to establish automated driving technologies to realize a collision-free society, Honda R&D  Co., Ltd., the R&D subsidiary of Honda Motor Co., Ltd., announced that it

Business Electric Vehicles

Hyundai Motor and Michelin join hands to develop Next Gen tires for Electric Vehicles

Hyundai Motor has signed a technical partnership with Michelin, one of the largest tire manufacturers in the world, to equip next-generation tires for electric and luxury vehicles. The co-operative deal

Business

DENSO to Integrate Business with ASMO Co., Ltd.

DENSO Corporation  announced that it has concluded a basic agreement for business integration with ASMO Co., Ltd., one of DENSO’s consolidated subsidiaries, effective April 1, 2018 (planned). ASMO is one

Business Electric Vehicles

Groupe PSA and Nidec to set-up a leading Joint Venture for Automotive Electric Traction Motor

Groupe PSA and Nidec Corporation (the “Nidec”), through Nidec Leroy-Somer Holding (the“Nidec Leroy-Somer”), intend to work together in the field of electric traction motor. For this purpose, Nidec Leroy-Somer and

Business

DENSO and NEC Establish a Joint Venture to Develop Mobility Solutions

DENSO Corporation and NEC Platforms, Ltd., a subsidiary of NEC Corporation, recently unveiled a new joint venture, DENSO NEXT CO., LTD. The company will develop in-vehicle information and communications equipment

Business

Indian Automotive Industry : Towards Leading Position

Introduction Indian Auto Industry is a big industrial sector in India with its segments like Two Wheeler and Passenger Vehicle as the major contributors and making its share about 7