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News

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BMW turns end-of-life vehicle materials into new car parts

1+ hour, 34+ min ago   (389+ words) BMW Group has shown that materials recovered from end-of-life vehicles can meet quality standards for reuse in new vehicle manufacturing, based on findings from the Car2Car research project. The initiative, carried out with a consortium of industry and academic partners, examined…...

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Toyota targets 10.5 million vehicles in 2027 – report

6+ day, 6+ hour ago   (345+ words) Toyota Motor plans to produce 10.5 million vehicles worldwide in 2027, including Lexus, as hybrid demand rises and total output moves above 10 million units. According to a report from Nikkei Asia, the production plan has been shared with major parts suppliers. Output…...

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BMW agrees job cuts as Q2 profit dips 34.9%

1+ week, 6+ day ago   (413+ words) In the second quarter, BMW’s net profit fell 34.9% to €1.20bn. For the first half, net profit dropped to €2.87bn from €4.01bn a year earlier. BMW Group has finalised an “extensive workforce restructuring programme” as the company faces “significant downturn in the Chinese market…...

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Mercedes-Benz expands Hydro tie-up on aluminium supply chain

2+ week, 1+ day ago   (335+ words) Under the expanded agreement, Mercedes-Benz will use Hydro Circal in series production for its next generation of large electric vehicles. Mercedes-Benz is expanding its partnership with Norwegian aluminium and renewable energy company Hydro to decarbonise aluminium in Europe for its…...

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Geely to take over idle Ford assembly line in Spain

2+ week, 6+ day ago   (406+ words) Geely has reached an agreement to take over part of a Ford Motor factory in Spain, Bloomberg reported, citing unnamed sources. Under the arrangement, Geely will manufacture vehicles on a currently unused assembly line at the site, which also produces…...

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Mobileye to supply cloud-enhanced ADAS for future Stellantis models

3+ week, 7+ hour ago   (454+ words) Mobileye has signed an agreement to supply its Cloud-Enhanced Advanced Driver Assist technology to a select range of upcoming Stellantis vehicles, with integration due to begin in 2027. The system will draw on Mobileye’s road experience management (REM) platform, a crowdsourced…...

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Ford Canada ratifies Unifor deal with C$1.25bn investment

3+ week, 2+ day ago   (396+ words) Ford Motor of Canada and trade union federation Unifor have ratified a new three-year labour agreement, committing C$1.25bn ($891.3m) to Canadian manufacturing investment. The contract applies to over 5,000 hourly staff represented by Ford-Unifor and provides for a 9% general wage rise spread…...

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VW sets August staff meetings amid fears over 140,000 jobs

3+ week, 2+ day ago   (328+ words) Volkswagen’s works council has set up extraordinary staff assemblies in August for employees to question CEO Oliver Blume over restructuring plans that could impact up to 140,000 jobs. According to an internal update sent to staff and seen by Reuters, Blume…...

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Volvo Cars agrees MoU on support for Ghent plant

3+ week, 6+ day ago   (444+ words) Volvo Cars, owned by Geely, has entered into a memorandum of understanding with Belgium’s federal authorities and the regional government of Flanders regarding support measures for its Ghent manufacturing plant. Under the agreement, the parties have set out a proposed…...

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German auto lobby chief warns of deeper industry job cuts – report

1+ mon, 3+ day ago   (404+ words) Europe’s automotive manufacturers will need to absorb additional job losses and factory shutdowns as the sector overhauls itself to stay competitive, according to Hildegard Müller, head of Germany’s VDA automotive industry association. Speaking to Bloomberg Television, Müller drew a direct…...