News

Toyota Motor Corporation has restructured its executive team, appointing Kenta Kon as President and CEO while Koji Sato transitions to Vice Chairman and Chief Industry Officer to enhance industry collaboration.

Volkswagen and Stellantis CEOs call on the EU to introduce carbon bonuses for Europe-made vehicles to safeguard jobs amid Chinese competition and EV transition costs.

Hyundai Motor Group has partnered with Vodafone IoT to roll out connected car services in five Middle East countries, enhancing in-vehicle connectivity and paving the way for advanced telematics solutions.

FORVIA has won more than USD 1 billion in new and extended business awards from a major European automaker, bolstering its position in automotive components and supply chain operations.

Ford Motor Co. is in advanced discussions with Geely Automobile Holdings to utilize Ford's European factory for Geely vehicle production while sharing automated driving technologies.

Tula Technology advances multiple OEM and Tier 1 projects in China and Europe with production start-of-production slated for 2027, strengthening its position in advanced engine management technologies.

Bosch is cutting 13,000 jobs in its mobility division and delaying its 7% profit margin target to at least 2027 following a drop in return on sales to 2% in 2025.

ASAM has unveiled a new diagnostic API standard aimed at standardizing end-of-line testing processes and improving quality control in the production of software-defined vehicles.

Arkema and Senior announce deepened collaboration on next-generation battery materials, targeting advancements in EV battery technology for European OEMs and suppliers.

FORVIA has won over USD 1 billion in new and extended business from a major European automaker, strengthening its position in the automotive supply chain.

The EU's adjustment to its 2035 ICE ban is projected to double range-extended electric vehicle sales by 2030, reshaping OEM strategies and supply chains.

Volkswagen has initiated series production of its first China-developed zonal electronic architecture, cutting ECUs by approximately 30% and development time significantly.

Repairify's asTech, BlueDriver, and Opus IVS plan to merge, creating a powerhouse in vehicle diagnostics, ADAS calibrations, and remote services for repair shops and OEMs.

Repairify's asTech and BlueDriver brands are combining with Opus IVS to accelerate innovation in automotive diagnostics, enhancing capabilities for complex vehicles including EVs and ADAS systems.

The EU-India free trade agreement introduces quota-based tariff cuts to 10% on vehicles and zero duties on components, driving strategic shifts in European OEM production and supply chains.