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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Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading. Earlier this week, U.S.-based Consumer Reports urged the U.S. Federal Trade Commission (FTC) to scrutinize Mercedes' "The Future"…

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British car production rose 10 percent year-on-year in June, according to figures released on Thursday, but manufacturers said growth was in jeopardy if Britain failed to secure unfettered access to the European single market. Britain's overwhelmingly foreign-owned carmakers backed remaining part of the European Union ahead of last month's referendum…

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Volkswagen (VOWG_p.DE) this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said. Strong demand in China, Volkswagen's (VW) largest market, and Western Europe may drive sales beyond last year's total, Kappler said on Thursday during a conference…

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Ford Motor Co (F.N) on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. "The growth is over," Ford Chief Financial Officer Robert Shanks told Reuters in an interview. Shanks earlier forecast U.S. light vehicle sales would…

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Tata Motors plans to raise Rs 400 crore through issuance of non-convertible debentures (NCDs) and a committee of the board is due to meet on Thursday in this regard. "The company is desirous of offering the fourth series of its rated, listed, unsecured, redeemable, NCDs aggregating to Rs 400 crore…

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Fiat Chrysler Automobiles (FCA) nudged up its full-year adjusted earnings guidance on Wednesday, but its shares came off earlier highs after recall costs hit second-quarter profit and concerns remained about its exposure to a peaking U.S. market. The world's seventh-largest carmaker said adjusted operating profit for April to June rose…

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American automaker Ford Motor Company and the Massachusetts Institute of Technology are collaborating on a new research project that measures how pedestrians move in urban areas to improve certain public transportation services, such as ride-hailing and point-to-point shuttles services. The project will introduce a fleet of on-demand electric vehicle shuttles…

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Jaguar Land Rover is expanding its Northwest Portland research center, adding space where it can keep working with graduates of its in-house startup incubator. The company said Wednesday it has broken ground on a 20,000-square-foot expansion to its site in the Pearl District, and it will add 30 engineers to…

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Tesla Motors Inc's (TSLA.O) next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. Musk's comments during a media open house at Tesla's sprawling, battery "gigafactory"…

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Volkswagen AG has launched exports of the Russian-made Polo sedan to Mexico, Russian Vedomosti newspaper reports, citing sources at Volkswagen and close to the Kaluga plant. Several hundreds of cars have already been shipped. Volkswagen's total car exports from Russia stand at around 10,000. Plans for exports to Mexico are…