Cars
Toyota to invest €80 million in European R&D
In a decision that reinforces Toyota’s long-term commitment to localize its European vehicle development, the Japanese automaker announced that it will invest an additional €80 million ($115 million or £65 million) in its European Technical Center located in Zaventem, Belgium, which is also home to Toyota’s European Head Office. Starting in 2009, the Technical Center will set up a new 1.3 km long test track for development purposes that will include different driving surfaces and slopes reflecting European road conditions. Toyota will also introduce new test equipment, and renovate premises to create an additional 12,000 m2 in workshop space.
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Daimler's Bremen Plant Gets €750 Million To Build Next C-class, Two New Models
Daimler announced it will invest €750 million ($834 million) in its Mercedes-Benz plant in Bremen, northern Germany, as it plans to build two new models there. Read more »...
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Bentley's £40 Million Investment In R&d Center Is "latest Step" For Suv Launch
Bentley is preparing for the launch of its first ever SUV with the biggest site development in the company’s history. The automaker will expand its headquarters in Crewe with a £40 million ($62.7 million) investment, adding a new research and...
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Chrysler Invests $165 Million In Michigan Assembly Plant
Chrysler announced today that it will invest $165 million in its Sterling Heights, Michigan plant to add a new state of the art, one million square-foot body shop. Last December, the Detroit carmaker had also revealed that it would invest close to $850...
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Global Nightmare? Toyota Accelerator Pedal Recall Spreads To Europe, 1.1 Million More Cars Added To U.s. Recall
Toyota's sticky accelerator woes are turning into a global nightmare as the world's largest automaker said today that the large-scale recall would spread to Europe while the company revealed that an additional 1.1 million vehicles in the States...
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Eu Approves €143 Million Romanian Government Aid To Ford
The European Commission has given its consent to the Romanian government to grant Ford €143 million (approx $226 million) for the production of vehicles and engines in Craiova, in the South West of Romania. Ford’s total investment costs in...
Cars