Global light vehicle sales rate down in January

GlobalData's latest analysis of the global light vehicle (LV) market shows that the seasonally adjusted annualized selling rate (SAAR) for …

Supplier to lose 10,000 jobs – report

French automotive supplier Forvia planned to cut up to 10,000 jobs in Europe over the next five years, in part …

Visteon sales slip in Q4

Supplier Visteon reported Q4 2023 sales of US$990m compared to $1,064m in the fourth quarter of 2022. The decline was due …

US awards subsidy to GM chip maker

The US government reportedly is awarding US$1.5bn to GlobalFoundries to subsidise semiconductor production, the first major award from a $39bn …

Bosch invests in Point2 for new data transmission tech

Bosch Ventures, the corporate venture capital unit of the Bosch Group, has participated in the $22 million Series B extension …