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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Tiger Global Management, one of the largest investor in Indian start-ups has decided to put in $12 million in to Ather Energy, a Bangalore based start-up which is designing an electric two-wheeler. Ather Energy said that the new round of funding will be used for development, testing, production and the…

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A global automotive supplier is investing $58 million to build a new facility in Putnam County that could create 550 jobs. Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced this week that Ficosa North America will build the facility in Cookeville. Ficosa's existing Tennessee plant in…

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The fine was imposed in December. The office postponed the public release of its ruling due to confidential information it had to remove from the decision, a spokeswoman said. The Czech anti-monopoly office (UOHS) fined Volkswagen's Czech unit Skoda Auto $1.95 million for margin fixing with distributors in 2011 and…

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Ford Motor Co said it would allow other automakers to access its electrified vehicle technologies to accelerate research and development of these vehicles. Ford Motor Co said it would give other automakers access to its electrified vehicle technologies for a fee to accelerate research and development of such vehicles. Ford…

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Honda Motor Co said on Thursday it was recalling about 340,000 more cars in Japan to replace air bag inflators made by top supplier Takata Corp . Details for recalls elsewhere were not immediately available, a Honda spokesman said. Takata is at the centre of a recall of tens of…

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Daimler AG, the world's largest truck maker is preparing to export its fully built luxury buses under the Mercedes Benz brand to markets in Africa and South East Asia. This will be the first instance when the luxury vehicle maker with the three pointed star logo will export a high…

Thursday, May 28, 2015
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Opel CEO Karl-Thomas Neumann on Thursday ruled out a deal with Fiat but said he sees the need to improve volume, scale and utilisation in the auto industry and at Opel. "In principle (Fiat CEO Sergio) Marchionne is right, the auto industry develops the same things ten times over," Neumann…

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General Motors is investing $1.2 billion in its full-size pickup truck plant here for upgrades and technology that will improve the plant's competitiveness in assembling high-quality light- and heavy-duty models. Construction of the new pre-treat, electro-coat paint operation and sealing facility and upgraded general assembly area is expected to begin…

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Supercar maker Lamborghini will sign on Wednesday a preliminary agreement with Italy's government to produce a much-awaited sport-utility vehicle at its Sant'Agata Bolognese plant, a source with knowledge of the matter said on Tuesday. Lamborghini, part of the Volkswagen group, hopes the SUV will allow it to repeat Porsche's success…

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German auto major Daimler today inaugurated its new bus manufacturing facility at Oragadam, near Chennai. The company invested Rs 425 crore in the new facility. The facility is located within the existing premises of Daimler India Commercial Vehicles Pvt Ltd (DICV) and will manufacture and assemble buses under two brands—…