News

Production of all-new Ford Transit Courier and Ford Tourneo...

October 31, 2023

Ford is strengthening its offering to families and businesses alike with production now under way of the all-new Ford Transit Courier and all-new Ford Tourneo Courier, at Ford Otosan’s Craiova plant, in Romania.

The all-new Transit Courier will bring enhanced connectivity and productivity for compact van customers; while all-new Tourneo Courier is a five-seat multi-activity vehicle with a distinctive SUV-inspired design and plenty of room for passengers and their belongings within a compact city-friendly footprint.

Infineon, Hyundai Motor Company and Kia Corporation sign...

October 30, 2023

Infineon Technologies AG, Hyundai Motor Company and Kia Corporation have signed a multi-year supply agreement for silicon carbide (SiC) and silicon (Si) power semiconductors. Infineon will build and reserve manufacturing capacity to supply SiC as well as Si power modules and chips to Hyundai/Kia until 2030. Hyundai/Kia will support the capacity build-up and capacity reservation with financial contributions.

Continental Timisoara celebrates its 25th Anniversary with...

October 26, 2023

Continental celebrates the 25th anniversary since the foundation of its tire plant in Timisoara, Romania, and the production of the 300 millionth tire. With total investments of over 600 million Euros since 1998, Continental has created more than 2,700 permanent jobs in Timisoara. The Timisoara tire plant has a production capacity of 16.5 million tires. Continental’s Timisoara tire plant specializes in the production of a wide range of tires for both replacement and original equipment, including ultra high-performance tires and van tires, featuring sizes from 13 to 20 inches.

New car registrations: +9.2% in September; battery electric...

October 25, 2023

In September 2023, new car registrations increased by 9.2%, reaching 861,062 units, marking the EU car market’s fourteenth consecutive month of growth. Two of the EU’s largest markets saw substantial gains; Italy (+22.7%) and France (+10.7%). Germany’s market was relatively steady, with a tiny 0.1% drop compared to September 2022.

In the first three quarters of 2023, the EU car market grew substantially (+16.9%), totalling eight million registered units. 

Xiaomi 14 is officially arriving on October 26

October 24, 2023

Earlier Xiaomi revealed it is launching its new flagships lineup this month, and now we have a date – the Xiaomi 14 series will be announced on October 26. The event will take place in China, where the company will introduce the phones with HyperOS and a variable aperture camera, co-developed with Leica.

The event is likely going to see two phones – Xiaomi 14 and Xiaomi 14 Pro, both of them with a Snapdragon 8 Gen 3 chipset. An Ultra phone may or may not arrive later on.

Wipro Enterprises to acquire a majority stake in Italy-...

October 23, 2023

Wipro Pari has signed a definitive agreement to acquire a majority stake in Italy-based Ferretto Automation & Services for an undisclosed amount.

Wipro Infrastructure Engineering operates in hydraulics, industrial automation, aerospace, water treatment, and additive manufacturing. Ferretto Automation & Services specialises in the design and manufacture of automated storage systems. It manufactures a full range of state-of-the-art intra-logistics automation solutions for all storage (ASRS – Automated Storage and Retrieval Systems), handling and distribution needs.

EVs could reach 86% of global vehicle sales by 2030

October 19, 2023

Although electric vehicles took roughly six years to get from 1% to 10% of global market share, it will take just six more years to reach 80% adoption, an RMI report says.

Electric vehicle battery costs should fall below $100/kWh by 2026, according to BloombergNEF’s 2022 Battery Price Survey, making EVs much more affordable. In addition, without the fuel or maintenance costs of ICE vehicles, EVs will also be cheaper to operate, which could further spur adoption. In Norway, approximately 80% of all new cars sold last year were fully electric. 

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