Auto industry 38 results

Classic Car Industry Facing Hard Times Ahead

Another unexpected victim of protectionist trade practices is facing serious financial hardships as a result of the Trump tariffs. Over 20 million Americans spend an estimated $1.5 billion every year on classic cars, trucks and motorcycles. Tariffs place a tax not only on the import and export of the classic cars themselves but also the parts and accessories needed to restore and maintain ...

52% of New Cars Sold in Norway are Electric

Norway has become the first developed country in the world where sales of electric and hybrid vehicles (a combination of electric and gas-powered engines) have overtaken conventional gas and diesel vehicles. In December 2017 alone 1,800 new Tesla vehicles were registered in Norway. This helped electric and hybrid vehicles to overtake conventional vehicles in monthly sales for the first time in ...

Nissan to Stop Selling Diesel Cars in Europe

Japanese auto manufacturer Nissan has announced that it will gradually wind down the sale of its diesel cars in Europe. Nissan cited slumping sales and increasing taxes as a result of the fallout from the Volkswagen scandal. The company has partnered with French car manufacturer Renault in Europe to produce a large number of cars of different designs. A Nissan spokeswoman indicated that the ...

Ford, GM, BMW, and Renault just started a blockchain research group for the Auto Industry

Automakers Ford, General Motors,BMW and Renault announced on May 2nd that they would form a new alliance that will explore the feasibility and application of using blockchain in the auto industry and mobility field. The Mobility Open Blockchain Initiative, or MOBI, has more than 30 organizations as its founding members including Accenture, Hyperledger, Bosch and IBM. The group has announced that ...

Toyota to Hire 400 Additional Workers at Mississippi Plant

Japanese auto manufacturer Toyota announced that it would be investing an additional $170 million in their assembly line at Blue Springs, Mississippi, which builds their Corolla sedans. The funds will be used primarily for upgrades and hiring 400 additional workers. Earlier this year Toyota had committed to investing $10 billion in the United States in the next five years and announced on April ...

German Auto Supplier MöllerTech Has Opened a $46.3 Million Plant in Alabama.

In March 2018, the Manufacturing facility of German automotive part supplier MöllerTech at the Scott Davis Industrial Park in Woodstock, Alabama was inaugurated in a grand and well attended opening ceremony. In addition to top local and state leaders and officials, top MöllerTech executives including the CEO Dr. Gunther Schmidt and officials from other automotive companies which partnered with ...

Rolls-Royce Opens Their Autonomous R&D Ship Facility: Manufactures Excited About Its Potential

Manufacturers are beginning to embrace new technologies to give their businesses a competitive edge. From digital systems on the shop floor to innovative ways of transporting their products and components, business leaders are actively searching for the next big thing. Now, Rolls-Royce may offer them a more efficient and advanced way to ship goods to customers all over the world. For years ...

Ford Doubles Down on Electric Vehicles: Manufacturers Watching Closely

The world of automotive manufacturing continues to face disruptions around every turn. Digital technologies are revolutionizing the production process and an entirely new class of vehicles, electric vehicles (EV’s), are upending the industry. However, EV’s are now becoming a primary focus for major automotive manufacturers where they once were a novelty being produced only by the automotive ...

Toyota and Mazda Announce New Manufacturing Plant for Alabama

Today (1/11/18), marks another big day for American Manufacturing as Japanese automakers Toyota and Mazda announce plans to build a massive $1.6 billion plant in Alabama. This joint-venture facility is expected to employ around 4,000 workers after completion. This is a huge start for the industry in 2018 and follows the trend of foreign companies moving some of their production to the states, ...

Tesla Inc, Unveils the Tesla Semi: Ready to Disrupt yet Another Industry

Tesla Inc is a well known disruptor of a number of industries. The automotive industry was taken back by the initial success and attention their long-range electric vehicles drew in. Electric car manufacturers have tried to make an impact on the market before but none have come close to the buzz Tesla created. Now, Elon Musk and his innovative automotive manufacturing company, Tesla have another ...