Daimler to invest up to $285m in Detroit plant
Daimler Truck North America (DTNA) has announced plans to invest up to $285m in its Detroit manufacturing plant, located in …
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Volkswagen AG and IG Metall continue collective bargaining negotiations
The negotiating committees of Volkswagen AG and IG Metall Lower Saxony and Saxony-Anhalt have this week continued negotiations on the …
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ROHM and TSMC collaborate on GaN power devices for EV market
ROHM has entered a strategic partnership with Taiwan Semiconductor Manufacturing Company (TSMC) to develop and mass-produce gallium nitride (GaN) power …
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General Motors to abandon loss-making Cruise robotaxi venture
General Motors (GM) has decided to cease development of robotaxis at its majority-owned Cruise division, signalling a major shift in …
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Vietnam vehicle market jumps 50% in November
Vietnam’s new vehicle market continued to surge in November 2024, by 50% to 39,608 units from 26,439 units a year …
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Posco and Hancock sign lithium processing partnership agreement
South Korea’s steel and battery materials producer Posco Holdings Inc signed a preliminary agreement with Australian mining company Hancock Prospecting …
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Hozon targets overseas growth as domestic vehicle sales slow
Chinese battery electric vehicle (BEV) manufacturer Hozon New Energy Automobile Company said it aims to sell 50% of its vehicles …
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Thailand’s automotive industry at a crossroads
Thailand's automotive industry stands at a crossroads. While it remains a significant player in the ASEAN region, its traditional strengths …
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Volvo Cars secures €2bn sustainability-linked credit facilities
Volvo Cars has signed two sustainability-linked revolving credit facilities of €2bn ($2.1bn) to support its corporate and environmental goals. The …
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Stellantis, CATL form JV for EV battery factory in Spain
Stellantis and China’s Contemporary Amperex Technology (CATL) have agreed to invest up to €4.1bn ($4.3bn) in a joint venture to …
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ABB invests in ESS to improve efficiency in automotive paint shops
ABB has entered into a strategic partnership with Engineering Software Steyr GmbH (ESS) of Austria to develop advanced simulation tools …
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Continental set to spin off Automotive group sector by end of 2025
Continental AG has announced plans to spin off its Automotive group sector by the end of 2025, subject to necessary …
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Bosch gears up for electric steering production in Hungary
Bosch is set to expand its operations in Hungary with an investment aimed at producing electric steering gear, reported Hungary …
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South Korea: vehicle import sales fall 4% in November
Sales of imported light passenger vehicles in South Korea fell by 4% to 23,784 units in November 2024 compared with …
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FAW Jiefang opens new truck engine plant in Dalian, China
FAW Jiefang Automobile Company Ltd, the commercial vehicle unit of the Chinese state-owned automaker FAW Group, has begun operations at …
