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LIQUI MOLY Splashes 8 Million Euro on Ulm Production Plant Expansion

Three new additive dispensing systems increase maximum output capacity by 40 percLIQUI MOLY is opening a new chapter at its headquarters in Ulm: Managing Directors Günter Hiermaier and Dr. Uli Weller inaugurated the new building for the production of additives with three modern dispensing systems and additional office space. The ...

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K​ia Motor Group Executive Chair Euisun Chung Awarded Commander of the Order of the British Empire

​K​ia Motor Group (the Group) Executive Chair Euisun Chung has been awarded the prestigious honor of Commander of the Most Excellent Order of the British Empire (CBE) for his contribution to the arts, culture and eco-friendly electrified mobility.  Executive Chair Chung became the first Korean to be awarded the title of ...

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Honda, Changan-Mikano, CFAO, Others in Top Contention as NAJA Releases 2023 Auto Awards Nominees

The Awards Committee of the Nigeria Auto Journalists Association (NAJA) has released list of nominees for its 2023 Nigeria Auto Awards. The grand award event is scheduled for December 14 at the Oriental Hotel, Victoria Island, Lagos. The list features over 30 models of automobiles which cut across several segments ...

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VW to Rely More on Local Suppliers in China Market

Volkswagen announced plans to increase its use of Chinese parts suppliers in the highly competitive Chinese electric car market in hopes of reducing costs. The German carmaking giant hopes to produce vehicles “in China, for China,” Ralf Brandstätter, a member of the VW Group’s board responsible for China, said during ...

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Volkswagen Boss Says Cost Cutting to Save €10bn by 2026

Europe’s largest automotive group, Germany’s Volkswagen, plans to benefit from major cost-cutting efforts at its brands as early as 2024, according to the group’s top executive on Friday. “As early as next year, we plan to realize an effect of more than €10 billion [$11 billion] for the group through ...

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Tata International Expands Operations into Lagos Free Zone

Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ) .  The agreement as signed in the presence of Anand Sen, Managing Director of Tata International Limited, by Managing Director of Tata Africa Holdings Pty Ltd, Len Brand. This marks a significant ...

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Stellantis Hits Another Milestone, Inaugurates State-of-the-Art Circular Economy Hub in Turin, Italy

Stellantis N.V. Thursday celebrated the official opening of its SUSTAINera Circular Economy Hub (CE Hub) at the Mirafiori Complex in Turin, Italy. The Company has a comprehensive plan to foster its Circular Economy ambitions with a 360-degree approach based on the 4R strategy: Reman, Repair, Reuse, and Recycle. The primary objectives ...

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Stellantis Repurchases €934 Million in Shares from Dongfeng

In Accordance with Pre-Existing Share Repurchase Framework Stellantis and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited  have confirmed they have executed a transaction in which Stellantis will repurchase 50 million common shares (1.58% of Stellantis’ share capital pre-cancellation) from Dongfeng, for a ...

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Investment Zone Confirmation Excites West Midlands Gigafactory

]The West Midlands Gigafactory joint venture has welcomed the Chancellor’s announcement that the site will be included in the West Midlands Investment Zone during Wednesday’s Autumn Statement. In a statement after the announcement, Cllr Jim O’Boyle, Cabinet Member for Jobs, Regeneration and Climate Change at Coventry City Council, said, “The ...

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