HORSE, a global leader in innovative and low emissions powertrain systems, started the manufacturing and assembly of its highly efficient 1.2-litre, 3-cylinder gasoline engine (HR12) at its plant in Mioveni, Romania. The most efficient engine among the HORSE product portfolio and the most powerful produced at HORSE Romania, the HR12 is used in several vehicles, including hybrids. The beginning of production in Mioveni supplements HORSE’s global capacity for the HR12 engine, with engines produced in Romania to be installed in new Dacia Duster models.
News
July 1, 2024
Ford started mass production of the new all-electric Ford Explorer at its first dedicated electric vehicle (EV) facility in Europe following a $2 billion investment that has transformed a historic plant into a factory of the future.
The all-electric Ford Explorer, the first vehicle off the production line in the new Ford Cologne Electric Vehicle Center, is on its way to customers in Europe.
Ford’s new EV Center is a key element of Ford’s Road to Better plan targeting carbon neutrality across its European production footprint by 2035.
July 1, 2024
Rivian Automotive and Volkswagen Group have announced their intention to form an equally controlled and owned joint venture (JV) to create next-generation electrical architecture and best-in-class software technology. They intend to produce next generation software-defined vehicle (SDV) platforms to be used in both companies’ future electric vehicles.
Volkswagen Group will invest an initial $1 billion in Rivian, with up to $4 billion in planned additional investment for a total expected deal size of $5 billion.
July 1, 2024
Continental announced the start of work on the new production module in Sibiu, the seventh, with a planned investment of over 45 million euros. The future Module 7 of Continental Sibiu will have an area of over 15,000 square meters. Of this, 6,500 sqm are allocated to the production area, and the rest is related to the logistics area, the office area, and other additional spaces.
Completion of the new module is planned for the end of next year, while production will begin in the spring of 2026.
July 1, 2024
Energy prices declined 6.4% in May, led by crude oil (-7.5%). Non-energy prices changed little, as a group.
Food prices gained by 1.3%. Raw materials inched up by 0.2%, while beverages contracted 13.8%.
October 31, 2024
Industry Expo & B2B Meetings is an international event dedicated to industrial professionals, buyers and suppliers.
March 27, 2025
Automotive Expo & B2B Meetings is an international event dedicated to automotive professionals, buyers and suppliers.