NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

news

Volkswagen's luxury division Audi has lowered its guidance for profitability this year on mounting costs of the diesel emissions scandal and possible recalls of cars fitted with Takata Corp (7312.T) airbags. Audi said on Thursday it has "additional financial burdens" of 620 million euros ($676 million) in the third quarter.…

news

Investors dumped General Motors Co shares on Tuesday despite record third-quarter results, highlighting the disconnect between Detroit and Wall Street as the long U.S. vehicle sales boom cools off. GM's quarterly results zoomed past analysts' forecasts. But the automaker's share price tumbled, closing down 4.2 percent at $31.60 a share,…

news

Toyota Motor Corp (7203.T) on Wednesday said it was recalling about 5.8 million cars at home and abroad over potentially faulty air bag inflators made by Takata Corp. (7312.T), including those used as replacement parts following a 2010 recall. Automakers worldwide are ramping up the industry's biggest-ever recall after parts…

news

A US federal judge on Tuesday approved Volkswagen AG’s record-setting $14.7-billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the vehicles in mid-November. The action by US District Judge Charles Breyer in San Francisco marked the latest development…

news

Auto parts supplier Gestamp will invest roughly $105 million to expand its operations in Mason. The company, which is located 200 E. Kipp Road, will build a 150,000 square-foot facility to house the hot stamping and laser welding of car door parts, said Jeff Wilson, president and CEO of Gestamp’s…

news

Automakers should make shielding the electronic and computer systems of vehicles from hackers a priority, developing layers of protection that can secure a vehicle throughout its life, U.S. regulators said on Monday. The cyber security guidelines issued by the U.S. National Highway Traffic Safety Administration are recommendations, not enforceable rules.…

news

Two Toyota Motor Corp (7203.T) brands again led the annual reliability survey from Consumer Reports magazine, and General Motors Co's (GM.N) Buick was the first American brand in at least 35 years to crack the top three, the consumer magazine said on Monday. It was the fourth straight year that…

news

The Coega Development Corporation (CDC) has begun work in clearing 54.62 hectares of land in Zone 1 of the Coega Industrial Development Zone (IDZ) in preparation for the biggest automotive investment in Africa in the last 40 years. “We pride ourselves in our efficiency and high turnaround times when implementing…

news

It's hard to believe, but the Ford GT is almost here. Yes, we first saw the GT "concept" in January 2015 (in truth, it was pretty much a production car), but even now, it's still hard to believe that Ford–Ford!–is putting something so outlandish into production. Well, it's really happening,…

news

Honda calls their CR-V the “outright benchmark compact SUV.” At first I thought that was just PR hyperbole, but then I thought they might be right – in that segment of the SUV world, I do see a ton of CR-Vs around. And they do hit a certain demographic. Let’s…