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.

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Tom LaSorda, former CEO of Chrysler Corp. and Fisker Automotive Inc., said his venture capital fund IncWell has invested in a global automotive cybersecurity supplier called TowerSec. Terms of the investment were not disclosed. TowerSec was founded in 2012 by a team of Israeli cybersecurity experts and Detroit-based automotive experts.…

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Korean auto major Hyundai is targeting 60 lakh cumulative production milestone from its Indian operations this year, nearly two decades after it started selling cars in the country. The company, which today launched i20 Active, a sports- styled version of its premium hatchback i20, expects domestic market to account for…

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Tata Motors today reported a growth of 5 per cent in global sales, including Jaguar Land Rover, at 83,951 units in February. The company had sold 79,996 units in the same month last year. In the passenger vehicles category, the global sales last month stood at 52,477 units, up 3.35…

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Tata Group Chairman Emeritus Ratan Tata today laid the foundation stone for a new 150-million pound automotive innovation centre, planned as the largest research facility of its kind in Europe, to create the next generation of vehicles for the global market. Tata was accompanied by his successor, Cyrus P Mistry,…

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German luxury carmaker Mercedes-Benz will recall 1,27,071 cars in China starting due to a fire risk and steering issues, Beijing's quality watchdog said today. The recall involves the CLS-Class and E-Class vehicles imported to China, as well as some E-Class cars manufactured by the Beijing Benz Automotive Company Limited, the…

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Frank Fletcher Honda was recently acquired by McLarty Automotive Group, owned by Mark McLarty, and has been renamed “Columbia Honda,” according to a press release. Stephen Nagel, a mid-Missouri native, will serve as general manager and partner at Columbia Honda after 17 years at AutoNation’s Memphis-based Dobbs Ford dealerships. “I’m…

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Asbury Automotive Group Inc. plans to add between 200 and 400 parts and service employees over the next two years. The Duluth, Ga.-based automotive retailer will add the jobs across its 104 franchises and 25 collision repair centers across the nation. Asbury also said it will pursue candidates through working…

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Eco-friendly electric vehicles are a new concept but have the potential to occupy about 2 to 5 per cent of the Indian market in the next few years, a top official at auto major Mahindra has said, underlining the need for significant incentives to make them commercially viable. "We remain…

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The UK's biggest car manufacturers have re-directed £1 billion of spending from overseas suppliers to Britain-based suppliers in the past three years, according to a new report. Contracts worth more than £1bn that were outsourced to overseas based suppliers in 2012 are now being performed by UK suppliers in the…

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Kia Motors Corp is recalling almost 209,000 Soul compact cars in the United States because the accelerator pedal may bend or break. Kia Motors Corp is recalling almost 209,000 Soul compact cars in the United States because the accelerator pedal may bend or break, according to documents filed with US…