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

The European Commission said on Thursday it had cleared Canadian automotive parts maker Magna International Inc's planned acquisition of privately owned German car parts maker Getrag. The Commission said it found overlaps in the companies' businesses, but said that these were limited and that a number of strong players would…

news

The China-focussed consortium that bought bankrupt Swedish automaker Saab - and bet on going all electric - unveiled its first major deal on Thursday, a mammoth $12 billion order for electric cars for a Chinese leasing company. The single order for 250,000 electric vehicles, including 150,000 cars based on the…

news

Volkswagen of America said on Thursday it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions. The German automaker (VOWG_p.DE) said it was naming compensation expert Ken Feinberg, who administered compensation funds for the Sept. 11,…

news

On a tree-lined street in the wealthy Madrid suburb of Pozuelo de Alarcon a shiny red Lamborghini, placed in the showroom's prime position, courts the attention of Spain's elite. The Italian luxury car maker opened its first dealership in Spain in the exclusive neighbourhood, home to top footballers and executives,…

news

Fiat Chrysler Automobiles NV(FCHA.MI), which lags the auto industry in fuel efficiency, purchased U.S. greenhouse gas emissions credits from rival automakers Toyota Motor Corp(7203.T), Tesla Motors Inc and Honda Motor Co(7267.T), a government report released on Wednesday show. The Environmental Protection Agency said Wednesday that the Italian American automaker has…

news

Zhejiang Wanfeng Auto Wheel Co Ltd says plans to set up a joint venture in Shanghai with a Shanghai-based information technology company. Says new joint venture to be engaged in automobile after-sale services, with registered capital of 100 million yuan. Says co to hold a 55 pct stake in JV.…

news

The European Parliament plans to set up a committee to investigate Volkswagen's (VOWG_p.DE) emissions scandal and whether regulatory oversight of the car industry was too lax. Members of the European Parliament will vote on the issue around midday on Thursday, but lawmakers said that was a formality after leaders of…

news

Car maker Daimler described as "questionable" results of emissions tests from one of its Mercedes diesel models cited by German environmental lobby group DUH on Wednesday. DUH said nitrogen oxide emissions of Mercedes C-Class 200 CDI model had been found to exceed Euro-5 limits, citing tests carried out by the…

news

German carmaker Volkswagen said on Tuesday it would invest 300 million euros ($330.27 million) to expand its Slovak production plant as part of a larger investment plan in the central European country. The new assembly line making the Porsche Cayenne will be launched in 2017, the company said in an…

Wednesday, Dec 16, 2015
news

Toyota Motor Corp (7203.T) said it expected group-wide global vehicle sales to stay flat in 2016 at 10.11 million vehicles, likely keeping it ahead of rivals Volkswagen AG (VOWG_p.DE) and General Motors Co (GM.N) as the world's top-selling automaker. Global sales at the group, which includes mini-vehicle maker Daihatsu Motor…