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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 …

Hyundai Motor India expands ‘ultra-fast’ charging stations across India

Hyundai Motor India has announced the successful expansion of its Ultra-High Speed Public EV Charging Network across key highways and …

ASEAN 2024 sales projected to marginally increase with a lower sales outlook in Malaysia

Even if ASEAN Light Vehicle (LV) sales started 2023 with positive sales growth in Q1 2023 (+3% YoY), the full-year …