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 …

FRANCE > Toyota Motor Europe is set to invest €300 million ($372.22 million) in its Toyota Motor Manufacturing France (TMMF) car plant in Valenciennes (France)

Toyota logo Bringing the total cumulative investment to €1.4billion ($1.74 billion), Toyota Motor Europe is set to invest €300M in its Toyota Motor Manufacturing France (TMMF) car plant in Valenciennes (France). The Valenciennes facility is to be upgraded to enable future production based on Toyota New Global Architecture (TNGA) which enables the plant to ambition producing 300000 vehicles annually. In addition, 300 More …

USA > Delphi Technologies PLC is set to invest in PolyCharge America to commercialize a new capacitor technology

Delphi Technologies In order to commercialize a new capacitor technology that aims to make high- power inverters smaller, lighter and more tolerant to high temperatures, Delphi Technologies is set to invest in PolyCharge America, a startup and the producer of the new capacitor technology. Sigma Technologies, the parent company of PolyCharge, and Delphi Technologies enjoy pre- existing long standing technology partnership. Delphi More …

GERMANY > SoftBank Vision Fund invests €460 million ($563.18 million) in Europe’s leading multi- sided platform for the used car sector, AUTO1 Group

softbank-logo SoftBank vision fund invests €460 million ($563.18 million) in Germany based AUTO1 Group. Half of the investment will be made through the issue of new shares which will value AUTO1 at €2.9 billion ($3.55 billion) and will support the group’s international expansion. AUTO1 Group’s technology platform enables dealers and private individuals to trade seamlessly through Europe via an analytics and More …