The Indonesian new vehicle market continued to decline sharply in May 2019, by 16.3% to 84,146 units from 100,498 units a year earlier, according to wholesale data compiled by industry association Gaikindo.
Toyota plans to invest up to JPY210bn (US$1.9bn) in Indonesia by 2023 to produce electric and plug-in hybrid vehicles, according to reports in Japan citing Indonesian government sources.
News
2 Jul, 2019
The new Audi S8 flagship saloon gets a 4.0-litre mild-hybrid V8, four-wheel steering and quattro all-wheel drive
Monet Technologies has announced that it concluded capital and business partnership agreements with Isuzu, Suzuki, Subaru, Daihatsu and Mazda respectively. Isuzu, Suzuki, Subaru, Daihatsu and Mazda each plan to invest in Monet by August 2019 and acquire approximately 2% of its shares.
Hyundai Autron and Wind River have inked a partnership to develop an autonomous driving and connectivity software platform to power next-generation automobiles.
Foresight Autonomous has signed a multi-phase technological cooperation agreement with an unnamed Chinese Tier One supplier to develop mobility solutions and specifically for two Chinese OEMs.
Ford and Vodafone are testing new connected-vehicle technology which could make it easier to find parking spaces in city centres.
Denso says Nippon Wiper Blade and Asahi Manufacturing, both of which are subsidiaries of Denso Corporation, will merge on 1 October 2019 and become Denso Wiper Systems.
Cummins has entered into a definitive agreement to acquire, through a wholly-owned subsidiary, all the issued and outstanding shares of fuel cell systems provider Hydrogenics Corporation for US$15 per share in cash, other than shares already owned by The Hydrogen Company, representing an enterprise value of around US$290m.
A new Volkswagen Group sustainability ranking for its suppliers comes into effect today (1st July 2019).
PSA has named Dassault Systèmes as its preferred digital partner deploying the 3Dexperience platform.
Vulog says it is powering Volkswagen's WeShare operation in Berlin with a fleet of 1,500 e-Golfs, while 500 e-up cars will be added in a few months.
Bridgestone EMEA is investing EUR36m (US$41m) to digitise its manufacturing operations.
Chiming with other analysts, Edmunds forecasts a small decline to the US light vehicle market in June.
Volkswagen's truck unit Traton dipped below its opening share price of EUR27 a share on Friday morning following its initial public offering (IPO) on the Frankfurt exchange, CNBC reported.
Renault has officially opened a new headquarters in Bucharest, Romania, 20 years after taking over Dacia (which built its cars under licence in the Communist era).
Articles
28 Jun, 2019
Everything you need to know about xDrive, BMW’s all-wheel drive system.
News
1 Jul, 2019
Transport Committee report highlights need for a front-loaded, five-year funding settlement to help councils mend potholes
Steering systems specialist Nexteer Automotive has opened a new plant facility in Liudong New District, Liuzhou, China.
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