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30 Jul 2021

KW Automotive continues M&A spree

KW Automotive has bought the damping technology business of AL-KO Vehicle Technology. The unit has 250 workers at two factories in Spain and China making commercial vehicle shock absorbers. KW…

30 Jul 2021

Chips challenge to last rest of 2021- ZF CEO

ZF says it expects challenges in semiconductor supply to continue this year, with programmes adapted into 2022, as the world grapples with colossal demand for chips, with industry recovering and…

30 Jul 2021

EU26 market growth slows in June

According to data from JATO Dynamics for 26 European markets, 1,268,683 new passenger cars were registered last month - an increase of 13% when compared with June 2020. Despite this…

30 Jul 2021

Brembo unveils H1 revenue up 43% to EUR1.36bn

Brembo has recorded first-half 2021 revenue up 43% to EUR1.36bn. “The results for the first half of 2021, approved by the board of directors, consolidate the positive trend that began…

30 Jul 2021

Dana to invest in Ashok Leyland’s Switch Mobility

Dana, the drivetrain and e-propulsion system supplier, and Ashok Leyland subsidiary Switch Mobility have signed an agreement. Dana will invest in Switch and become a 'preferred' supplier of electric drivetrain…

30 Jul 2021

SAIC future models – Roewe & R

Looking at retail sales for the Chinese market in the first half of 2021, Roewe had customer deliveries of 177,043 units. The far newer R brand, with just two models,…

30 Jul 2021

Denso records Q1 revenue up 77.3% to US$12.3bn

Denso has posted first-quarter revenue up 77.3% to US$12.3bn, with consolidated profit attributable to owners of the parent company, totalling US$808m. “Revenue increased due to recovery of vehicle sales and…

30 Jul 2021

CATL unveils new sodium-ion EV battery

China’s leading electric vehicle (EV) battery manufacturer Contemporary Amperex Technology (CATL) unveiled at its online Tech Zone event its first sodium-ion battery for electric vehicles. The company said this was…

29 Jul 2021

Rio Tinto spends large on Serbia lithium mining

Anglo-Australian mining group Rio Tinto has committed US$2.4bn (EUR2bn) to the Jadar lithium-borates project in Serbia, according to SeeNews.com. The project, which is subject to receiving all relevant approvals, permits…

29 Jul 2021

Wrightbus appoints Neil Collins as new MD

Northern Ireland manufacturer, Wrightbus, has appointed Neil Collins as new managing director. Collins will be running the business alongside executive chairman, Jo Bamford, who took Wrightbus from administration in 2019…

29 Jul 2021

LG Electronics and Magna finalise JV

LG Electronics and Magna International have signed the transaction agreement which establishes a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain, is based…

29 Jul 2021

Volkswagen posts record H1 profit

Volkswagen Group has posted record first half earnings, driven by strong Audi and Porsche sales. The company lifted its profit margin outlook for the year, saying it expects an operating…