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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The Mercedes-Benz truck unit of Germany's Daimler AG said on Tuesday it had dismissed 500 workers at a Brazilian truck plant and is putting about 7,000 others on paid leave as it suspends production in the face of plunging sales. The assembly line in Sao Bernardo do Campo, near Sao…

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Led by transportation products, including Toyota pickup trucks, the San Antonio metropolitan area exported more than $9.18 billion in products and services last year, according to a new Brookings Institution report. The value of exports ranks 40th among 381 U.S. metropolitan areas and supports 57,160 San Antonio-area jobs, according to…

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The Kedah government plans to expand the Kulim Hi-Tech Park (KHTP) and the automotive industry in Gurun as both have become the focus of foreign investors in the state, said Menteri Besar Datuk Seri Mukhriz Tun Dr Mahathir. The high-tech park and industrial area were luring investors and continuous efforts…

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Tesla's new line of big, stackable batteries for homes and businesses started with a bang. The reservations reported in the first week are valued at roughly $800 million. If Tesla converts even a fraction of those into actual sales, the battery roll-out could measure up as one of the biggest…

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Steel Strips Wheels (SSWL) has forayed into the North American market by bagging an order worth Rs 29 crore to supply 1.75 lakh wheels to Canada's passenger car aftermarket. Wheels will be shipped by the end of June 2015, Steel Strips Wheels (SSWL) said in a filing to BSE. "This…

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Mahindra & Mahindra, World's largest tractor maker by volumes on Thursday signed a definitive agreement to acquire 33% stake in Mitsubishi Agricultural Machinery Co. for 25 million dollars or Rs 159.24 crore, said the company in a statement to Bombay Stock Exchange on Thursday Mahindra & Mahindra will acquire 33%…

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Japanese air bag manufacturer Takata Corp is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. The recall involves passenger and driver-side air bag inflators in vehicles made by 11 automakers, the…

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Renault launched a premium compact car in India on Wednesday to challenge rivals such as local leader Maruti Suzuki, becoming the first European automaker to debut an international model in the world's sixth-largest car market. The Kwid hatchback will go on sale at the end of the year at a…

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U.S. vehicle safety regulators' tougher posture toward automakers is a "new phase" in the government's relations with the industry and will likely mean higher costs, Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said Tuesday. "We're beginning to live through a new phase of regulation in the United States," Marchionne…

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Veteran precious metals trader Michael Wagner is leaving German carmaker Volkswagen after 14 years with the company, a source with direct knowledge of the matter told Reuters. The departure of Wagner, who acts as head of commodity hedging for the world's second-largest auto manufacturer behind Toyota, leaves two other traders…