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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The scandal engulfing Volkswagen AG, which has admitted cheating diesel vehicle emissions tests in the United States, spread east on Tuesday as South Korea said it would investigate three of the maker's diesel models. Volkswagen shares plunged by 19 percent on Monday after the U.S. Environmental Protection Agency (EPA) said…

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Shares in Volkswagen plunged the most in almost six years in early Monday trading after U.S. authorities accused the German carmaker of falsifying emissions data, which means it could face penalties of up to $18 billion. Europe's largest automaker is accused of designing software for diesel models of its core…

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U.S. auto parts maker Johnson Controls Inc (JCI.N) said it would cut as many as 3,000 jobs over the next two years as part of its ongoing cost savings program. The company said the job cuts represent about 2.5 percent of its total workforce and would deliver up to $250…

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Daimler is investing $1.3 billion to expand production capacity for Mercedes-Benz sports utility vehicles in Tuscaloosa, Alabama. The move includes investments in a new body shop and an upgrade of logistics and information technology systems and will create 300 new jobs, Daimler said in a statement on Friday. Mercedes-Benz produced…

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Germany's Rheinmetall and Japan's Riken have agreed to set up a joint venture to make piston rings in the province of Hubei in central China, Rheinmetall said on Friday. The German automotive and defence group said the venture, which would produce mainly for automotive customers in China, would consolidate its…

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Fiat Chrysler Automobiles will shift production of compact cars to Mexico and move most full-size pickup truck production to Michigan, according to a source familiar with the company's plans. The moves may not take place until 2018 or 2019, according to a second source familiar with FCA's future product schedule.…

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Toyota Motor Corp unit Toyota Motor Sales USA Inc said it would recall about 423,500 RAV4 SUVs in the United States for an issue related to windshield wipers. The company said the recall includes about 421,000 units of 2009-2012 RAV4 crossover SUV and about 2,500 units of RAV4 EV, the…

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Canada must sign up to a proposed 12-nation Pacific trade pact, even though the country's auto makers might not be happy with some of the conditions, Prime Minister Stephen Harper said on Thursday. Trade ministers failed to clinch the Trans-Pacific Partnership at a meeting in late July amid disagreements over…

Wednesday, Sep 16, 2015
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Porsche maintains that the vehicle, though it is a concept car, is firmly based in reality and is expected to arrive in showrooms within five years Ever since Tesla's Model S went on sale in 2012, the start-up automaker has had the market for high-end electric cars to itself. But…

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The high-performance electric car market is shaping up to be a high-profile battleground featuring some of the world's most glamorous brands after Porsche and Audi unveiled models to challenge U.S. pioneer Tesla Motors (TSLA.O). Consumers have largely shunned electric vehicles because of their high price tags and limited driving range,…