The new Racing Point investors have wasted little time in splashing the cash as they try to establish the team as a “premium brand”. As part of a packed 2019 launch schedule on Wednesday, Racing Point revealed their 2019 look which has some influence from a new title sponsor in the form of SportPesa. Drivers Sergio Perez and Lance Stroll want to get the team straight back into the midfield dogfight this season, but plenty of work is going on behind the scenes to bring the team up to speed with the rest. To help do that, a new Silverstone factory is in the works. “The new shareholders are investing in all areas of the company to establish Racing Point as a premium brand with strong commercial appeal,” said team principal Otmar Szafnauer at the launch event in Toronto, Canada. “We have already signed an exciting new partnership with SportPesa, which sits alongside the BWT relationship as our top level partners. “We’ve also welcomed new names such … [Read more...] about Big upgrades, new factory the plan for Racing Point
New factory
Maruti Swift waiting periods to drop sharply as new factory begins production
The 3rd generation Maruti Swift hatchback is selling like hot cakes in India. Each month, Maruti Suzuki ships out more than 15,000 units of the Swift to dealer stockyards across India. While the Swift is available off the shelf in Delhi, the case is quite different in most other parts of the country, where waiting periods range between 4-8 weeks. Soon, the Maruti Swift will be available across India with little or no waiting times. This is because of the fact that Maruti Suzuki has just begun producing the Swift from its second production facility at Sanand, Gujarat. The new factory is capable of producing 250,000 cars each year. This takes Maruti’s installed capacity in Gujarat to 500,000 units. The first factory, which started production more than a year ago, also has a capacity to produce 250,000 cars/year, and builds Swift and Baleno hatchbacks. The higher production capacity will allow Maruti to not only cater to the Indian market but also … [Read more...] about Maruti Swift waiting periods to drop sharply as new factory begins production
TVR puts the brakes on opening new factory
TVR has blamed Brussels bureaucracy for delays to the sports carmaker’s ambitious revival plans and dismissed speculation that its vehicles may never hit the road. A consortium of investors led by millionaire chairman Les Edgar is attempting to bring the carmaker back to life with taxpayer backing. TVR had planned to start building its first batch of 500 cars at a new factory in South Wales by the end of the year. However, this has being pushed back to next summer because of what the company says are delays caused by EU rules that demand work on the factory is tendered across Europe because it has state support. A contractor is expected to be appointed this week but there has been growing... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per … [Read more...] about TVR puts the brakes on opening new factory
Scuderia Cameron Glickenhaus Is Ramping Up Production with a New Factory
You know boutique and high-end supercar maker Scuderia Cameron Glickenhaus as the guys who make the batshit-looking stuff like the SGC 003S and 004S. And the team is looking to expand production. Today, the company revealed that it’s very close to purchasing a new factory space in Danbury, Connecticut. Joining the factory in Sleepy Hollow, New York, will hopefully soon be one in nearby Danbury, about a 45-minute drive away. The land is located on a small airport with runway access because apparently the people who buy SCG cars are part of the crowd who takes a plane to buy a car. Currently, the cars are built in Turin, Italy, according to Autoblog. The main building is a round structure that was first built to produce “giant revolving turntables for restaurants in skyscrapers” or “railroad stations where trains needed to turn around,” SCG’s spokesperson told us in an email. There’s also a four-car garage for display vehicles, along with … [Read more...] about Scuderia Cameron Glickenhaus Is Ramping Up Production with a New Factory
Jaguar-Land Rover Open New Factory In Slovakia, Will Build Up To 100,000 Cars Annually
Jaguar-Land Rover has officially opened its new, state-of-the-art manufacturing plant in Nitra, Slovakia, which is expected to produce 100,000 cars annually by 2020. The company’s new factory incorporates cutting-edge technologies, being the first one in Europe to use Kuka’s Pulse carrier system that offers 30 percent faster transfer times than the conventional conveyance systems. A highly automated paint shop will be added later. JLR’s Nitra factory is currently employing around 1,500 people but it will recruit an additional 850 this November. All employees have taken part in JLR’s bespoke 12 week-long training program. The facility, which represents a $1.6 billion investment, will initially produce Land Rover Discovery models. “While Jaguar Land Rover’s heart and soul remain firmly anchored in the UK, expanding internationally only enriches and strengthens our UK business”, said Dr Ralf Speth, JLR’s CEO. “Today’s opening of … [Read more...] about Jaguar-Land Rover Open New Factory In Slovakia, Will Build Up To 100,000 Cars Annually