SOUTH AFRICA > Germany based Mercedes- Benz Cars is set to invest €600 million ($705.09 million) in East London, South Africa

Mercedes Benz logo Including the construction of a new paint shop and a new body shop, Germany based Mercedes- Benz Cars is set to invest €600 million($705.09 million) in East London, South Africa. The investment also will include an upgrade of the assembly shop and new logistic warehouses. The new building will comprise an area of approximately 100.000 sqm. which reflects the addition More …

SPAIN > USA based American Axle & Manufacturing, Inc. is set to expand in Spain with a new manufacturing facility in Barcelona

AAM logo A global leader in the design, engineering and manufacturing of automotive driveline and powertrain components, American Axle & Manufacturing, Inc. (AAM) is set to expand operations in the industrial area of Viladecans in Barcelona. The new manufacturing facility is expected to support European automakers. The 15000 square meters facility is located 20 km southwest of Barcelona and is set to More …

INDIA > Germany based Volkswagen group is set to invest 1 billion euros ($1.16 billion) in India by 2021 creating almost 5000 jobs

VW logo VW is set to invest 1 billion euros ($1.16 billion) from 2019 to 2021 which will be led by Skoda Auto. This is part of Skoda’s ‘India 2.0’ project which includes setting up engineering design and development center at Pune. The group’s two plants at Aurangabad and Pune will also be enhanced. Based on VW’s flexible MQB platform, the group More …

CROATIA > Germany based Porsche is set to take 10% stake in Croatia based electric car maker Rimac Automobili

porsche logo Porsche AG is set to take a 10% stake in Rimac Automobili which is the Croatian hypercar electric vehicle which is said to be the world’s fastest electric vehicle. Rimac is the company behind the C Two which was debuted at the Geneva Motor Show in March 2018. C Two has a 1,914-horsepower engine that enables the vehicle to reach More …

MOROCCO > USA based Adient Expands Global Operations opening new automotive plant in Morocco

Adient logo The global leader in automotive seating, Adient has announced the opening of its first plant in Morocco to strengthen its global market position. Based in Kenitra, Morocco, Adient’s plant is aimed at expanding its fabrics business that designs and manufactures high- quality materials for seating and interior applications. According to Jef Vercammen, vice president Global Fabrics, Adient: “The automotive industry More …

USA > Germany based Volkswagen is set to invest $100 million in USA based battery technology company QuantumScape

VW logo With the objective of commercialization of innovative solid- state battery technology, Germany based Volkswagen and U.S based QuantumScape partner with Volkswagen investing $100 million in QuantumScape. Volkswagen is also the largest automotive shareholder in QuantumScape and Volkswagen Group will take a seat in board of directors in QuantumScape. According to Dr. Axel Heinrich, Head of VW Group Research, who will More …

SINGAPORE > Japan based Toyota is set to invest $1 billion in Singapore based ride hailing firm Grab

Toyota logo Placing a big bet on Southeast Asia’s largest ride- hailing company, Japan based Toyota is investing $1 billion on Singapore based Grab making this the biggest ever investment by a traditional automaker in a ride- hailing firm. According to a person close to the company, the new investment values Grab at just over $10 billion. Grab also bought out Uber’s More …

HUNGARY >  Mercedes-Benz is set to invest 1 billion euros ($1.18 billion) in “Full-Flex Plant“ in Kecskemét, Hungary creating over 2500 jobs

Mercedes Benz logo Starting its construction of first “Full-Flex Plant“ in Kecskemét, Hungary which is about 90 km in the south of Budapest, Mercedes- Benz is basing the plant on its newly introduced “Factory 56” principles which is a principle to digitized consistently, designed for sustainable production and puts the human right at the center of all activities. The total investment of the More …