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VW Group is facing a serious challenge from Chinese OEMs in China and in Europe.
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According to preliminary estimates, US Light Vehicle (LV) sales fell by 5.6% year-on-year (YoY) in August, to 1.39 mn units.
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Aurelius and the State of Lower Saxony, together with Rafael Advanced Defense Systems, are planning an initial anchor project in the field of air defence.
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Following completion of the deal, UST now has majority control of the Italian design and engineering company and has taken on operational oversight.
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As part of the arrangement, Toyota will supply fuel cell systems for 40 heavy-duty vehicles under Scania's Pilot Partner programme.
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New research paves the way for the commercialization of next-generation LMR batteries.
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The company's upcoming dedicated electric SUV is said to be designed from the ground up to fit the Production Linked Incentive (PLI) scheme.
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The C10 and B10 BEVs are now produced at Stellantis’ Gurun plant.
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The Grenadier consortium is bidding for a multi-billion-pound British Army programme that will deliver thousands of new mobility vehicles.
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Scandal-ridden motor manufacturer was previously embroiled in an accounting scandal.
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