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

A group of 10 auto makers probing the cause of rupturing Takata Corp. air bags pointed to a volatile chemical and other factors as the main culprits, according to findings released Tuesday. The coalition of auto makers found ammonium nitrate lacking a desiccant that absorbs moisture is among the root…

news

Mahindra & Mahindra (M&M) has firmed up plans to invest around Rs 1,000 crore in developing petrol engines over the next two to three years. The company is working on developing new petrol engines (1.5 litre and 1.6 litre) in-house and a 2.2-litre petrol engine in collaboration with Korean subsidiary…

news

Mahindra CIE Automotive has dipped 12% to Rs 169, also its 52-week low on the BSE, after the company reported a sharp 65% year on year (yoy) drop in its consolidated net profit at Rs 148 crore for the quarter ended December 31, 2015 (Q3FY16). The company had registered a…

news

Ford CEO Mark Fields said Monday the automaker plans to triple its engineering investment in driver assistance and semi-autonomous vehicle technology over the next five years. He made the announcement as he unveiled an updated version of the Ford Kuga, a compact crossover sold in Europe but not in America.…

news

In a somewhat rare interview, Fortune’s Adam Lashinsky sat down with Apple CEO Tim Cook for a wide-ranging discussion that touched on a number of topics, from Apple’s floundering stock price, the proliferation of Apple Pay and the notion that we’ve reached ‘peak’ iPhone. But without question, the most interesting…

news

The growth of car-sharing services will erode traditional manufacturers' vehicle sales and revenues through 2021, but will not be nearly as disruptive as the rise of self-driving cars later in the decade, a study forecasts. The evolution of car sharing services, such as those provided by Avis Budget Group's Zipcar…

news

Geely-owned carmaker Volvo Car Group said on Saturday it was recalling 59,000 cars after some owners experienced their engines stopping and restarting while they were driving. "We have no information that this has led to any accidents," Volvo Car Group spokesman Stefan Elfstrom said. Elfstrom said owners of 2016 model…

news

General Motors Co (GM.N) will reconsider plans for new investment in Brazil if the economic and political situation does not improve, the company's president Dan Ammann said in an interview published on Sunday. Brazil was until recently one of the world's five biggest auto markets, but it has sunk into…

news

To reach out to high net worth individuals (HNIs) in the interiors of the country, luxury vehicle makers are adopting an innovative 'Go to Market' strategy. US premium bike maker Harley Davidson on Thursday brought its global 'Legend of Tour' concept, which is like a showroom on wheels. It is…

news

General Motors says it will invest $148 million in repurposing equipment at its Spring Hill plant, a move that will retain about 200 jobs. The investment will allow the Spring Hill facility to build V8 engines for trucks and SUVs. Production will begin by the end of the year. “This…