On Tuesday, Nissan Motor Co stated, it would temporarily shutter its operations, including its global headquarter and other facilities in Japan, through early May. The step is aimed at containing the spread of the coronavirus at its facilities. Nissan Motor said, it would reduce its operations to minimum level at its head office in Yokohama…
In a statement, Honda Motor Co and Fiat Chrysler Automobiles NV said, they are hoping to restart auto production at their U.S. and Canadian facilities in May. Honda Motor which had halted auto production on March 23, 2020 said, it will extend the production halt through May 1. Fiat Chrysler said, it “intends to progressively…
Of the 13.1 trillion won, Samsung Display aims to spend 10 trillion won on facilities and the balance on research and development. On Thursday, South Korea’s presidential office issued a statement saying, Samsung Display plans on investing $11.0 billion (13.1 trillion won) on facilities and research by 2025. Samsung Display is a unit of Samsung…
In recent years, faced with rising costs and a slump in sales, Samsung has shifted the bulk of its mobile production plants in facilities in India and Vietnam. A spokeswoman from Samsung Electronics has stated, the company will suspend operations at one of its mobile phone manufacturing plants in China. The development comes midst rising…
With the automotive industry witnessing a shift towards greener, eco-friendly forms of mobility, the European Union must develop and ramp up the strategic production of battery cells productions to stay relevant and ahead of the competition, opined Merkel. On Tuesday, German Chancellor Angela Merkel said, it is “extremely important” that the European Union develops its…
