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February 15, 2024
Zf New Plant: This Oragadam plant will be ZF’s 19th facility in India and the 10th in TN. About 80% of the workforce is slated to be women. As part of the first phase, ZF has already invested INR 170 crore and plans to invest another INR 30 crore in 2024.
December 22, 2023
UK Car Output: "UK car production is firmly back on track following the tough COVID years and resulting supply chain challenges," Mike Hawes, CEO of the Society of Motor Manufacturers and Traders, said. Export volumes increased by 15.2%, mainly driven by demand from the European Union, China and Turkey, the data showed.
December 22, 2023
Geely, Chinas second largest automaker by sales, told Reuters that most of the shipping firms it uses to export its electric vehicles to Europe have plans to go around the Cape of Good Hope to avoid the Suez Canal, the shortest route from Asia to Europe, due to the hostilities.