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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Panasonic is expanding its presence in China through an alliance with Beijing Automotive Group to manufacture electric car parts and components in that country. According to Kyodo News, Panasonic is teaming up with the Chinese company to manufacture parts and components, which is expected to include HVAC systems for electrified…

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Electric car giant Tesla is currently eyeing Shanghai as its next production base with in an investment deal with a Shanghai government-owned company valued at approximately $9 billion, an insider source reveals. Tesla reportedly signed a non-binding memorandum of understanding with Jinqiao Group for constructing production facilities in Shanghai. Currently,…

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Tenowo, Inc., a Hoftex Group AG business and manufacturer of engineered nonwovens, announces plans to expand its plant in the Indian Creek Industrial Park in Lincolnton, NC.  The expansion will involve the addition of 70,000 square feet of new building space and the installation of a new production line.  Three…

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Atlanta-based Genuine Parts Company announced Tuesday that it has agreed to acquire Auto-Camping, Ltd. (Scarborough, Ontario) and select assets within the Janitorial and Sanitation business of Rochester Midland Corporation (Rochester, NY). Both acquisitions are expected to close on July 1. Terms were not disclosed. GPC — the parent company of…

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An Austrian automotive parts supplier is planning to open an $11 million facility in Birmingham. Voestalpine Automotive Body Parts on Tuesday announced that the company is opening a facility on Lakeshore Parkway in Birmingham. The company's local managing director Philipp Schulz tells Al.com (http://bit.ly/28LPfyL ) the investment is an important…

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Ford Motor Company and wireless name SBA Communications rolled out large ABS deals to healthy demand on Monday, bringing relief to a sector showing signs of strain on riskier deals. Ford increased the size of its prime auto trade by more than US$500m, while bankers said SBA's cell tower securitization…

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France's Peugeot-Citroen (PSA) announced its return to Iran today, signing a 400-million-euro joint venture with its old partner Iran Khodro in Tehran. The first cars produced under the new venture are set to hit Iranian roads in February, with the aim of producing 200,000 vehicles a year by 2018. PSA…

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The U.S. Supreme Court on Monday rejected an appeal by a group of black South Africans seeking to revive human rights litigation aiming to hold Ford Motor Co (F.N) and IBM Corp (IBM.N) liable for allegedly conducting business that helped perpetuate racial apartheid. The justices left in place a 2015…

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German automotive parts manufacturer ZF Friedrichshafen AG has started the production of the new 8-speed dual clutch transmission (8DT) at the Brandenburg plant. The ZF and Porsche engineers developed a hybrid transmission modular kit based on the all-new 8-speed dual clutch transmission for standard and all-wheel drives. ZF is investing…

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Mitsubishi Motors Corp expects to post a net loss this financial year over its mileage cheating scandal, hurt by compensation costs and a slide in vehicle sales, Kyodo news agency reported on Tuesday. The automaker said last week it planned to give owners of four minivehicles close to $1,000 in…