Ford is investing $3 billion to expand production capacity for one of its most popular and profitable vehicles. The investment in Oakville Assembly Complex in Ontario, Canada includes installing new assembly and stamping equipment to initially boost heavy duty truck production by 100,000 vehicles a year. Ford’s expansion at the Oakville Assembly Complex in Ontario supports its Ford+ plan for growth, aiming to maximize manufacturing footprint, extend global truck leadership, and grow its Ford Pro commercial business.
News
July 30, 2024
In the first half of 2024, new EU van sales increased by 15%, reaching 840,409 units, driven by double-digit growth in key markets. Germany led with a remarkable 19.3% rise, followed by Spain at 18.5%, Italy at 17.8%, and France at 10.5%.
July 25, 2024
Continental inaugurated, within ContiTech Timișoara, the new location for one of the largest testing laboratories in the entire network of ContiTech units in Europe. The new lab, designed from the ground up, includes testing spaces, new offices and employee amenities. Among the tests carried out here are: thermal tests, mechanical tests, computed tomography, precision metallographic microscopy and macroscopy, pressure impulse tests as well as vibration tests and technical verification of product cleanliness.
July 23, 2024
The Energy Department has awarded US$208m to Volvo Group to accelerate the production of heavy-duty electric trucks and related powertrain components.
The upgrades will enable mixed-model assembly, providing scalability and flexibility in production. The improvements are expected to significantly boost the production capacity of battery-electric vehicles (BEV) and fuel cell electric vehicles (FCEV).
July 19, 2024
Logistics software provider Alvys announced it has closed its Series A with $20.5 million in funding led by Titanium Ventures, with participation from Picus Capital and existing investors RTP and Bonfire. The company is looking to continue to develop its current offerings and support customer growth. Alvys has raised about $30 million to date.
The software provider currently offers load matching, quote generation, document management and other back-office workflows for dispatching and managing assets.
July 18, 2024
Kia is shaking up the compact sedan segment with the introduction of the all-new 2025 Kia K4. This sleek and sophisticated car promises to deliver more room, advanced technology features, and exciting performance options, all in a package that's sure to turn heads. The 2025 Kia K4 is expected to arrive in the second half of 2024. Pricing information has not yet been announced, but it is likely to be competitively priced within the compact sedan segment.
July 16, 2024
Continental Mobile Robots, leveraging the power of Amazon Web Services (AWS), has developed new software solutions for Autonomous Mobile Robots (AMR). The engagement focuses on managing the hybrid deployment of Continental’s scalable AMR navigation software stack, which powers multiple product lines such as Intralogistics and Agriculture. The work between Continental and AWS helps customers manage deployments more effectively at scale over the lifetime of the robot.