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08 Dec 2021

AirCarbon Launches Global Carbon Exchange

Concept: Singapore’s startup AirCarbon has launched AirCarbon Exchange, a central marketplace for the trading of carbon credits using AirCarbon Token. It leverages blockchain architecture to create securitized carbon credits. Nature…

08 Dec 2021

Hankook opens workshop in Nürburgring

Hankook’s Europe Technical Centre (ETC) has opened its Nürburgring Workshop in Meuspath in South West Germany, after it started operating unofficially a few months previously. The decision to invest in…

07 Dec 2021

BASF to spin off catalysts unit

BASF said it would carve out its mobile emissions catalysts business and spend up to EUR4.5bn on battery materials and recycling. The stand alone mobile emissions catalysts and associated precious…

07 Dec 2021

Supply shortage curtails Australia sales

Car sales in Australia dropped 15.3% year on year last month with 80,639 new vehicles sold in November 2021. “Demand across the sector remains strong with the drop in sales…

07 Dec 2021

Stellantis and Foxconn form chip JV

Stellantis and Hon Hai Technology Group, (Foxconn) have signed a non-binding memorandum of understanding to create a partnership to design a family of purpose-built semiconductors for the automaker and third-party…

07 Dec 2021

Stellantis outlines software driven revenue plans

Stellantis announced a software strategy "to deploy next-generation tech platforms, building on existing connected vehicle capabilities to transform how customers interact with their vehicles" and to generate EUR20bn in incremental…

07 Dec 2021

Novares opens test centre in Lens

Novares has opened a test centre in Lens, France, housing a new vibration shaker system for measuring premature wear and tear on vehicle parts. As Novares aims to measure vibration…

07 Dec 2021

Renault to axe 300 fewer posts by 2024

Renault says it will reduce the number of job cuts by more than 300 by 2024 as voluntary departure uptake has increased. In September this year, the automaker announced plans…

07 Dec 2021

Japan sales fall 14% in November

Japan’s new vehicle market fell by over 14% to 352,455 units in November 2021 from 411,601 units a year earlier, according to registration data released by the Japan Automobile Manufacturers…

07 Dec 2021

Intel intends to take Mobileye public in US

Intel says it intends to take Mobileye public in the US in mid-2022, via an initial public offering of newly issued Mobileye stock. The move will create a separate, publicly…

06 Dec 2021

New Zealand sales set November records

Sales of new vehicles rose 37.3% year on year to 16,327 units. It was the strongest month of November on record for passenger and commercial vehicles. Year to date registrations…