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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Canadian auto parts manufacturers Magna International Inc., Linamar Corporation, Exco Technologies Ltd and Martinrea International Inc. were hit with analyst downgrades Tuesday, adding to the sector’s woes in wake of the United Kingdom’s vote to leave the European Union. BMO Capital Markets announced it was revising its target price on…

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Leaders of the automotive industry - which provides tens of thousands of jobs in the North East - have spoken of the “crucial” importance of the single market after European exports helped the sector to a hugely successful year. Vehicle production topped 1.7m last year, with almost four out of…

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French carmaker Renault is considering UK price rises to counter the pound's slump since Britain voted to leave the European Union, two company sources told Reuters on Wednesday after a briefing by senior management. Renault will likely be forced to raise UK prices to the detriment of sales while stopping…

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Toyota Kirloskar Motor is recalling 170 units of its hybrid car model Prius in India, as part of the overall recall of 1.43 million vehicles globally for defective air bags. The company has decided to initiate a voluntary recall campaign in India starting June 29, 2016, for the inspection and…

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The UK automotive industry turned over a record £71.6 billion last year – up 7.3% on 2014 – and now employs 814,000 people, with 17,000 new jobs created in 2015. Vehicle production was up 5.2% to 1.7 million units, yet the Society of Motor Manufacturers and Traders (SMMT) said environmental…

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Porsche, the German car manufacturer, is all geared up to launch the new Porsche 911 in the Indian automotive market. It is being said that Porsche will launch four models of the latest generation Porsche 911 that will include the 911 Carrera S, 911 Carrera Cabriolet, 911 Turbo S Cabriolet…

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Toyota Motor Corp said late on Tuesday it is recalling 1.43 million hybrid Prius and Lexus CT200h cars worldwide because of a possible airbag inflator defect. The recall covers 2010-2012 vehicles with air bag inflators that could have a small crack in a weld, which could lead to the separation…

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An investor group called on Tesla Motors Corp on Tuesday to add two independent directors to its board and separate the roles of chairman and chief executive as it highlighted founder and CEO Elon Musk's dominance of the board in the wake of Tesla's proposed bid for SolarCity. Musk is…

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Volkswagen would repair or buy back polluting vehicles and pay each owner as much as $10,000 under a $14.7 billion deal the car maker has reached to settle lawsuits stemming from its emissions cheating scandal, a person briefed on the settlement talks said Monday. The deal sets aside $10 billion…

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Ford Motor Co's dealers in Indonesia are demanding around $75 million in compensation after the U.S. carmaker announced in January it would close all operations in Southeast Asia's biggest economy. The car market in Indonesia is dominated by Japan's Toyota Motor Corp and Honda Motor Co Ltd. Last year, General…