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France

A collection of 7 posts

Intel's €80 billion investment plan for European chip factories not for the UK due to Brexit

Intel's €80 billion investment plan for European chip factories not for the UK due to Brexit

Promise to UK in becoming a science & technology superpower dwindling as Intel looks to the continent to invest. Due to the country's decision to leave the EU, the largest political and trade bloc in the world, Intel is excluding the UK from its European expansion plans. With

Ineos Grenadier 4X4 delayed till 2022

Ineos Grenadier 4X4 delayed till 2022

Billionaire Sir Jim Ratcliffe's Ineos Grenadier 4X4 has been delayed until 2022 due to "unavoidable delays" after the Welsh factory closed for the benefit of the French. Sir Jim Ratcliffe's hopes of putting his new Ineos Automotive Grenadier on the road before the end

Stellantis and Foxconn, an Apple iPhone contract-maker, strike a JV

Stellantis and Foxconn, an Apple iPhone contract-maker, strike a JV

Stellantis and Apple iPhone contract assembler Foxconn have reached an agreement to form a joint venture, and an auto industry supplier, that will focus on developing technologies for connected cars. They say the company, called Mobile Drive, will accelerate time-to-market for the industry's most advanced connected car and

Iveco Bus autonomous bus - STAR project to build fast autonomous transport system, development of standard fully automatically controlled buses

Iveco Bus autonomous bus - STAR project to build fast autonomous transport system, development of standard fully automatically controlled buses

The STAR project aimed at building a fast autonomous transport system, specifically the development of the first standard fully automatically controlled buses, was launched. These driverless buses are able to operate in conditions similar to real traffic. Their first prototype should be made in early 2021. These 12 m long

Bosch and Continental will stop production in Western Europe due to COVID, impacting supply chain

Bosch and Continental will stop production in Western Europe due to COVID, impacting supply chain

Several automotive suppliers have announced that they will suspend all or part of their production at European facilities due to the corona virus. The companies include Bosch and Continental. Before long, suppliers said they were in close contact with their customers and continued production with health precautions in place. Recently,

Faurecia expects record profits, targeted for 2022 with sales €20.5bn, profitability at 8% and cash generation at 4% combining growth and resilience

Faurecia expects record profits, targeted for 2022 with sales €20.5bn, profitability at 8% and cash generation at 4% combining growth and resilience

At its Capital Markets Day held in Paris, France, on 26 November, Faurecia demonstrated the relevance of its transformation strategy, deployed at a sustained pace through acquisitions and partnerships, and detailed its 2022 financial targets. Despite the challenging market conditions, we have continued to deploy our transformation strategy for the

PUNCH Powerglide and ChangAn sign a new contract

PUNCH Powerglide and ChangAn sign a new contract

PUNCH Powerglide Strasbourg signed last week a production contract with the Chinese car manufacturer ChangAn. Our company will equip their next Pick-up, resulting from the cooperation between ChangAn Automobile Co., Ltd. and PSA Groupe, with an 6L50 automatic gearbox. The signature of this agreement took place on the occasion of