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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Toyota Motor Corp, the world's biggest automaker, will spend $1 billion to build a car factory in Mexico and plans to announce the investment on Wednesday, two sources with direct knowledge of the matter said. The 200,000-cars-a-year factory in the central state of Guanajuato will create about 2,400 direct jobs,…

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General Motors Co.’s purchasing chief said the nation’s largest auto maker aims to sign new parts contracts for two vehicle generations, or as long as a decade, to cut costs and gain access to advanced technologies. The Detroit auto maker is gearing up for big investments in luxury cars, electric…

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Johnson Controls and Yanfeng Automotive Trim Systems Co. Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co. Ltd., the component group of Shanghai Automotive Industry Corporation, announced the signing of the agreement for a global automotive interiors joint venture. The new joint venture, Yanfeng Automotive Interiors, will be the…

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Russia's car market could shrink by at least 24 percent to 1.98 million vehicles this year, Interfax news agency quoted an official from the Industry Ministry as saying on Wednesday. He was quoted as saying that this was the "optimistic scenario" and took into account the ministry's stimulus measures to…

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Daimler is preparing to expand and upgrade its software services to freight operators, the head of its trucks division said, in a move designed to ensure that big customers stick with its vehicle brands. After more than a century of earning money by bashing metal, vehicle makers are looking for…

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Tractor manufacturer Escorts Limited has entered into a Joint Venture with Rajkot based Amul Group for manufacturing specialty tractor - Steeltrac. Escorts had first joined hands with Amul Industries in 2012 for development & distribution of Steeltrac, a speciality tractor. Steeltrac is a specialised tractor which is complimentary to general…

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After pitching his company's PlayStation Vue cloud-based TV service and top-shelf Alpha 7S digital camera, Sony Corp. CEO Kazuo Hirai made a telling, if abrupt, segue. The Japanese consumer electronics giant is targeting a new market, Hirai announced -- the mammoth auto industry. "This growing automotive segment has enormous potential,"…

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Industry Minister Saleh Husin on Friday inaugurated the third plant of Denso Indonesia, a joint venture between a Japanese and Indonesian auto parts manufacturers, in Bekasi, east of Jakarta. “I appreciate Denso Indonesia’s contribution in supporting the government’s efforts to spur economic growth by continually developing high technology-based auto component…

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Minister of Science, Industry and Technology Fikri Is?k has said that the necessary feasibility and site selection studies have been completed for the establishment of a specialized industrial zone for the automotive sector in Sakarya's Karasu district. An area of approximately 222 hectares has been declared as the Karasu Automotive…

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Japanese electric two-wheeler and three-wheeler manufacturer Terra Motors is investing $5 million (Rs 31 crore) to build a factory in Haryana. The facility will have capacity to produce 30,000 units in the first year. The investment comes even as the company is planning to launch its R6 e-rickshaw in India…