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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Tuscaloosa County is already known as an automotive manufacturing hub, but Aston Martin may soon add another feather to the cap of the local economy. The luxury automaker announced to a British automotive publication that it is considering building a new factory near the Mercedes-Benz plant in Vance, according to…

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According to Mexico's economy minister Ildefonso Guajardo the Ohio-based Goodyear Tire & Rubber Company is set to invest $550 million to build a new plant in Mexico. As Guajardo said at an event in Mexico City, the Goodyear tire plant will be located in the central state of San Luis…

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Passenger car exports from India declined 1.66 per cent to 5,42,082 units in 2014-15 due to challenges in traditional overseas markets like Europe, Sri Lanka and Algeria. The decline was also mainly due to the country's largest car exporter Hyundai Motor India Ltd (HMIL) slipping over 18 per cent in…

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Hyundai Motor on Monday said it will establish a committee to represent shareholder interests when the board makes key decisions such as acquisitions, heeding calls from investors angered over a $10 billion land purchase last year. Hyundai Motor and two of its affiliates in September bid three times the appraised…

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Canada’s export credit agency said it would lend Volkswagen AG €400 million ($430 million) to buy Canadian-made parts for the German company’s auto plants in Tennessee and Mexico. Export Development Canada said the financing is intended to benefit small and midsize Canadian companies that specialize in tooling, or making equipment…

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3M Car Care inaugurated its 50th store in India, here on Thursday. The showroom spanning about 1600 sq ft, offers a wide range of car detailing services, starting from Rs 990. 3M Car Care, a unit of the Automotive After Markets Division of 3M Corporation, is the first company to…

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Luxury carmaker Audi plans to drive in five new models in the next five months in a bid to hold on to its leadership position even as rival Mercedes-Benz has significantly reduced its lead last fiscal. Audi India head Joe King said that the five new models will be besides…

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Tata Motors has planned a passenger car product line-up till 2020 and will launch two new cars every year. The cars will have some signature features that are normally not present in same segment cars, and be designed jointly by design studios in India, Italy and the UK, Girish Wagh,…

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Greenville-based Sage Automotive Interiors announced Wednesday that it has acquired Miko S.r.l., an Italian maker of suede-like automotive interior fabrics. Financial terms of the deal were not disclosed. Miko, established in 1997 in Gorizia Italy, produces nonwoven fabrics for the furniture industry. Its core business is in the production of…

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O’Reilly Automotive Inc. on Wednesday said its profit rose in the first quarter on higher sales and better margins, continuing a trend of 15% or greater profit growth for the past six years. The Springfield, Mo., auto-parts retailer, which recently has been building its distribution network and expanding its store…