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.

news

Japan's Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership. Suzuki filed for international arbitration in November 2011, after Volkswagen (VOWG_p.DE) refused to sell back…

news

Austrian steelmaker Voestalpine has won an order worth 350 million euros ($392 million) to supply components for seatbelts and airbags for a global carmaker, it said on Monday. Voestalpine said the order meant that plants in Austria, Germany, the United States and China would be operating at full capacity until…

news

VW is the second-biggest auto maker by sales in South Africa after Toyota. Its vehicles are sold domestically as well as exported to the rest of Africa. German carmaker Volkswagen plans to spend 4.5 billion rand ($343 million) to upgrade its factory in South Africa and improve its supplier base,…

news

German auto parts supplier ZF Friedrichshafen said the integration of rival TRW is progressing well and it expected full-year sales and profits to remain stable, undeterred by a slowing Chinese economy. "China is taking a breather after years of rapid growth," Chief Financial Officer Konstantin Sauer said on a call…

news

Volkswagen said on Wednesday it is considering exporting Russia-produced cars to other countries given the sharp drop in demand there. "There are studies within the Volkswagen Group RUS as to whether to export cars from Kaluga," a spokesman said, adding that no decision had yet been taken. VW has already…

news

Apollo Tyres said it has closed a 300 million euro (about Rs 2,260 crore) financing for its upcoming Greenfield manufacturing plant in Hungary. An international consortium of banks comprising ABN AMRO Bank NV, Magyar Export-Import Bank, Raiffeisen Bank, Standard Chartered Bank and UniCredit Bank Hungary, supported the company and provided…

news

Toyota Motor Corp plans to “gradually” restart from Thursday its manufacturing operations near the Chinese port of Tianjin, which has been halted after the deadly chemical explosions on Aug. 12, the company said on Wednesday. “From tomorrow (August 27), we will be gradually restarting production (at the affected plants in…

news

Magna International, the Canada based auto components major, announced on Tuesday that its Magna Powertrain operating group has been nominated by the Volkswagen Group as a "Future Automotive Supply Tracks" (FAST) strategic partner. The company said that it its one of the 44 suppliers nominated by Volkswagen as a FAST…

news

German carmaker Volkswagen's group vehicle sales fell 3.7 percent in July and were down 1 percent over the January to July period, hurt by weak markets in China, Russia and Brazil. "The overall economic situations in China, Russia and Brazil remain difficult. As before, the Volkswagen group has not been…

news

Daimler said it was cutting another 1,500 jobs at a plant that makes tricks in Brazil in response to a slump in demand in the country, leading workers to declare an open-ended strike at the factory. The affected employees at the Sao Bernardo do Campo factory near Sao Paolo were…