U.S. truck engine maker Cummins Inc (CMI.N) said on Tuesday it will buy auto parts maker Meritor Inc (MTOR.N) for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings amid a boom in demand for climate-friendly transport. The demand for electric vehicles has pushed automakers to unveil billion dollar plans […]
BMW moves engine production to Britain as German plants go electric
Factories across the globe are clamouring for investment into next-generation cars as electric vehicles gain traction with consumers and as governments hasten the demise of the combustion engine. FRANKFURT : BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in […]
