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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Cox Automotive Inc, owner of the Autotrader online automobile market and Kelley Blue Book car valuation service, said it would buy Dealertrack Technologies Inc (TRAK.O) in a deal valued at $4 billion. The $63.25 per share offer represents a 59 percent premium to Dealertrack's Friday close. The stock was trading…

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Chiyoda USA Corporation, an Japan-based automotive parts manufacturer, plans to expand its operations center in Greencastle, Indiana. The company plans to create up to 300 new jobs by 2017. The company produces a variety of automotive parts, including air conditioning ducts, gusset covers, roof rail covers, rear spoilers and fender…

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General Motors Co. is poised to re-enter the growing and potentially lucrative U.S. market for medium-duty work trucks, an area it abandoned during its restructuring last decade. The Detroit auto giant will team up with Japan’s Isuzu Motors Ltd. to procure work trucks to be sold in the U.S. under…

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Metcash Ltd, Australia's largest independent grocery supplier, said it will sell its auto parts unit to larger Burson Group Ltd for A$275 million ($212 million), scrapping a planned initial public offering amid uncertain conditions. In April, Metcash said it would sell its auto parts business in an IPO and use…

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Cameroon said on Friday it has reached a 92 billion-CFA Franc ($158 million) agreement with an Indian and two Chinese firms to build two vehicle plants in Cameroon. Car manufacturing is non-existent in Cameroon and rare elsewhere in Africa, where large numbers of second hand vehicles are imported from Europe.…

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Malaysia's struggling national carmaker Proton is joining forces with Japan's Suzuki Motor Corp. in its latest bid to boost sales. Proton on Monday inked a memorandum of understanding and license agreement with Suzuki to "form a long term strategic collaboration and partnership." Proton Chairman Mahathir Mohamad, who is a former…

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Former BMW manager Herbert Diess will be in charge of one of these holding companies, which will include the VW, Skoda and Seat passenger car brands. The high costs of the German factories in VW's core business is an area with the biggest need for reform, Handeslblatt said. Volkswagen's corporate…

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Guangzhou Automobile Group Motor plans to invest 2 billion yuan ($322 million) in a factory in China that will exclusively build green "new energy" vehicles, a senior executive said on Friday. Chinese carmakers are rushing to market with new energy vehicles - electric cars, hybrids and fuel cell vehicles -…

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With the push of a plow by a 2015 Tundra TRD Pro, Toyota officially broke ground today on the expansion of the Toyota Technical Center (TTC) in Michigan. The ceremony at Toyota’s campus in York Township marks the first visible step toward its growing investment and employment in the state…

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Elektrobit Oyj Says Extraordinary General Meeting of Elektrobit Corporation approved the sale of the Automotive Business to Continental AG and resolved to change the name of the company to Bittium Corporation. Says purchase price for acquisition is 600 million euros ($675.90 million). New name of company will be Bittium Oyj,…