automotive

Cooper Tire Serbia ups Krusevac capacity | Automotive Industry News

Cooper Tire Serbia suggests it is “properly underway” on a construction undertaking to improve output potential at its Kruševac producing plant.

With a producing footprint expenditure of all around US$55m in equipment updates and facility growth, the undertaking will improve the sizing of the Kruševac facility to much more than 882,000 square feet.

In addition, the corporation strategies to insert 118 new positions. The undertaking is supported by somewhere around US$8m in incentives supplied by the Serbian government.

With the expenditure, Cooper Tire Serbia will be in a position to develop new, larger sized diameter tyres getting asked for in

Read More

DOE unveils US$139m in technology funding | Automotive Industry News

US Secretary of Power, Dan Brouillette has introduced US$139m in Federal funding for fifty five tasks throughout the nation, which will assist new and state-of-the-art motor vehicle technologies.

6 of these tasks will be led by teams in Michigan.

“Technological innovation is crucial to revitalising America’s production competitiveness, primarily in the transportation sector,” mentioned Secretary Brouillette. “I am psyched to announce 6 of the fifty five total tasks will be led by teams below in Michigan, a State that has been the backbone of the American auto sector for years.

“The Trump Administration is fully commited to investing in technologies

Read More

Veoneer posts Q2 net sales down 62% to US$184m | Automotive Industry News

Veoneer has claimed next-quarter net gross sales down sixty two% to US$184m.

Energetic Safety net gross sales of US$79m declined fifty seven% which includes an Natural and organic Revenue decrease of 56%

“The next quarter was incredibly abnormal,” mentioned Veoneer president and CEO, Jan Carlson. “Light-weight automobile creation declined by about forty five%, the worst decrease in recorded background. The many complexities in conditions of regional variations, world wide source chains, short delivery notices and various other aspects, built it a incredibly tricky environment for working powerful and successful functions.

“The well being of our workforce remained a continued emphasis,

Read More

China motor shows are on again – the week | Automotive Industry Comment

Chengdu show will see the debut of some new Chinese models with interesting names

Chengdu exhibit will see the debut of some new Chinese products with fascinating names

Frequent audience will be knowledgeable we consistently publish global motor exhibit debut lists. Motor displays could be on hiatus in most nations around the world but, in China, they are back. This 7 days we have a checklist of planet premieres for this year’s party in Chengdu (in the information these days thanks to the US-China diplomatic spat). BYD Song Moreover, Ora Excellent Cat and White Cat, Wey Tank three hundred any one? I cannot assistance questioning, provided some beauts from that land in the previous

Read More

UK auto sector worst hit as Q2 exports fall | Automotive Industry News

The automotive sector was amid the worst afflicted spots as United kingdom production exports fell sharply in Q2 2020, according to the Lloyds Lender International Trade Index.

The pace of decline was the quickest due to the fact details collection began in 1996, pushed by the effects of coronavirus on both of those international source chains and slipping overseas need for British goods and providers.

The index hit a new very low of 34.six for new production exports between April and June 2020, representing a dramatic decline from 46.8 in Q1 2020. The previous historic very low of 38.8 was

Read More