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23 Jul 2021

Lear names strategy chief

Lear Corporation has named Alicia Davis chief strategy officer. She heads a central strategy organisation that works with two business segments on company-wide strategic planning, large-scale strategic initiatives, value-enhancing M&A…

23 Jul 2021

Hankook tyres fitted as OE to VW’s ID.4

Hankook Tire says it is expanding its original equipment business for the supply of tyres for electric vehicles to include the ID.4, Volkswagen's first e-SUV. To meet the requirements of…

23 Jul 2021

Veoneer remains a loss maker but is improving

Supplier Veoneer, which Magna is in the process of acquiring, remained loss-making in the first and second quarters of 2021. It booked a Q2 operating loss of US$92m (margin -23.1%)…

23 Jul 2021

GM Korea agrees wage increase with union

GM Korea has reached a tentative wage agreement with its labour union, according to local reports citing a company spokesman. The agreement came a day after union workers staged a…

23 Jul 2021

Malaysia sales plunge in June

New vehicle sales in Malaysia plunged by almost 96% to 1,921 units in June 2021 from 44,755 units in the same month of last year, according to registration data released…

23 Jul 2021

Tesla signs nickel supply agreement with BHP

Tesla has signed an agreement with Anglo-Australian mining company BHP Group to supply nickel for its electric vehicle (EV) batteries. The deal would help the world’s largest electric vehicle manufacturer…

23 Jul 2021

Magna buys Veoneer to boost ADAS offer

Magna announced it would acquire Veoneer, saying the latter's complementary products and capability would "strengthen and broaden" its ADAS product line and industry position. The deal would add "significant engineering…

22 Jul 2021

Honda future models 2021-2031

If you're clever, there is a lot of money to be made in the second tier of global car sales. And Honda Motor is exceedingly clever; it doesn't need to…

22 Jul 2021

Hyzon lightens truck hydrogen storage

Hyzon Motors said it had developed a new onboard hydrogen storage system capable of reducing weight and manufacturing cost of commercial vehicles powered by hydrogen fuel cells. The patent-pending onboard…

22 Jul 2021

Tenneco looking into synthetic fuels for ICEs

Tenneco is putting its powertrain expertise to work in exploring synthetic fuels (e-fuels), claimed to be a viable near-term solution to further maximize the efficiency and minimize the carbon footprint…

22 Jul 2021

Hyundai reports profit surge in Q2

Hyundai Motor has announced its business results for the second quarter of 2021, including a revenue jump of 38.7 percent year-over-year to KRW 30.33 trillion. Hyundai said sales of SUV…