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Auto and Transport Industry News
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Michelin acquires 88% stake in Indonesian tire manufacturer Multistada
French tire manufacturer Michelin has completed its previously announced acquisition of a stake of 88% in Indonesian tire…
Saudi Aramco, Total to invest $1bn in retail fuel network in Saudi Arabia
Saudi Aramco and Total have signed a joint venture (JV) agreement to develop a retail fuel network in…
Hyundai Motor posts first net loss in eight years as China sales collapse raises alarm
Hyundai Motor records its first net loss in eight years after sales plunge in China and sluggish demand weigh on earnings. Read the full breakdown now.
Renault’s Jean-Dominique Senard takes charge with pledge to fortify Nissan alliance
Find out how Renault’s new chairman Jean-Dominique Senard plans to stabilize the automaker and strengthen its alliance with Nissan after Carlos Ghosn’s exit.
Subaru overtime scandal widens as probe reveals 3,400 staff were underpaid
Subaru admits 3,400 employees went unpaid for overtime, exposing Japan’s labor culture crisis. Find out how this case could reshape corporate compliance.
Siemens Mobility secures €744m Amtrak contract to modernise U.S. rail fleet
Siemens Mobility has secured a landmark €744 million contract with the United States National Railroad Passenger Corporation (Amtrak),…
Toyoda Gosei begins operations at new automotive parts plant in Gujarat
Toyoda Gosei Minda India (TGMIN), a subsidiary of Toyoda Gosei, a global manufacturer of automotive parts, has started…
Munich Motorrad opens BMW Motorrad showroom in Indore
New BMW Motorrad showroom in Indore : BMW Motorrad, the Indian subsidiary of German automobile company BMW Group,…
Dickinson Fleet Services acquires Truck PM Plus from Bridgestone Americas
Dickinson Fleet Services (DFS), a US-based mobile fleet service provider, has acquired Truck PM Plus, a truck and…
REV Group to launch bullet-proof REV Guardian ambulance
Auto industry news : US specialty vehicles manufacturer REV Group said that its unit REV Ambulance Group will…