31 March 2026
31 March 2026
The move triggers a temporary layoff for about 1,300 workers.
Toyota intends to become an equal shareholder in cellcentric alongside Daimler Truck and the Volvo Group.
Intention is to consolidate manufacturing of Polestar 3 in Charleston, South Carolina, USA to drive efficiencies.
The move comes as demand remains strong for the company’s heavy-duty pickup trucks, even as petrol and diesel prices rise.
Honda R&D was originally spun out in 1960. The structure reflected founder Soichiro Honda’s belief that engineers are more creative when operating with greater freedom.
The arrangement is intended to fine-tune Applied Intuition’s Self Driving System (SDS) so it operates effectively with LG Innotek’s camera, lidar and radar sensors.
The Miskolc facility will supply global automakers including BMW, Volvo, Tesla and Jaguar, producing aluminium castings, engine blocks and other components.
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