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 …

LITHUANIA > Belgium based Malmar is set to operate a manufacturing plant in Klaipėda, Lithuania hiring 20 employees

Malmar logo   Malmar is a Belgian custom- made metal component manufacturer for automotive and construction industry and it is set to open a manufacturing plant in Klaipėda, Lithuania. Malmar is set to hire 20 employees which will mainly consist of engineers, welders, logistics and quality assurance specialists. The new manufacturing plant will be focused on export and products include link plates More …

CHINA > Germany based VW Group is investing $18 billion into Chinese Joint Ventures for Automotive Technology

VW logo To seek a competitive edge in producing battery- powered, autonomous vehicles, Volkswagen AG is set to invest $18 billion in China over the next five years. According to Chief Executive Officer of VW, Herbert Diess who recently replaced previous VW CEO Matthias Mueller: “We need to speed up. Change is getting faster, more dynamic and more ambitious, especially here in More …

NORWAY >  Germany based Siemens is set to digitalize the Norwegian Railway infrastructure which is the biggest rail infrastructure order in Siemens history totaling around 800 million Euros ($989.17 million)

Siemens logo1 Siemens is set to equip the entire Norwegian railroad network of approximately 4200 track kilometers. European Train Control System (ETCS) Level 2 type Trainguard combined with the interlocking type Simis W and IP-based wayside network communication solution type Sinet will be equipped in the railroad network. Siemens has also received a maintenance service for 25 years in the contract which More …

USA > Japan based Mazda Motor Corporation and Toyota Motor Corporation have established company “Mazda Toyota Manufacturing, U.S.A., Inc.” (MTMUS), a joint- venture company, that is set to produce vehicles in Huntsville, Alabama starting 2021 investing $1.6 billion and creating 4000 jobs.

mazda toyota logo With a plant that has the capacity to produce 150,000 unit each of Mazda’s crossover model to be launched in the US market and Toyota’s Corolla, Mazda Toyota Manufacturing, U.S.A., Inc (MTMUS) is expected to create up to 4000 jobs. The $1.6 billion investment in this project with equal funding contributions from both Mazda and Toyota is set to produce More …