THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The chairman for Ford of Europe has been named president of the Changan Ford joint venture in China following the retirement of the venture’s current president.
Under the agreement, the companies would develop advanced chemistry compounds, including the cell and module, to accelerate development of the future battery-electric vehicles.
The new mobility JV will work closely with the Zotye-Ford manufacturing JV, which will build a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand, pending regulatory approval.
Toyota and Mazda have selected Huntsville, Ala., as the site for their joint-venture manufacturing plant, which represents $1.6 billion investment that Mazda and Toyota plan to make with equal funding contribution.
Zotye Ford Automobile Co., Ltd., a new 50/50 joint venture, will offer a range of battery-electric vehicles for consumers in China under a new indigenous brand, Ford announced.
A joint venture between BMW AG, Daimler AG, Ford, and Volkswagen looks to develop high-power charging networks for electric vehicles across Europe.
Fiat Chrysler is speeding up its bid to develop autonomous driving technology, by signing on to a joint venture with the BMW Group, Intel Corp. and Mobileye that's expected to lead to a fully autonomous production vehicle by 2021.
Volvo Cars and its parent, Geely Holding, have formed two entities to share existing and future technology to help accelerate the development of electrified vehicles for Geely vehicles in China and Volvo cars.
The plant is a $1.6 billion investment, with equal funding contributions between both parties. The estimated annual production capacity of the plant is approximately 300,000 units. The plant is also predicted to create an estimated 4,000 jobs.
Volkswagen South Africa is in talks with Rwanda to open a joint-venture assembly plant with the Rwandan government in the country. VW could start vehicle assembly in Rwanda by the end of 2017.