Press Releases

Continental announced a voluntary recall program involving approximately 94,000 Continental, General and Barum brand passenger vehicle tires that were produced at the company’s Mt. Vernon, Illinois plant and sold to vehicle manufacturers and the aftermarket. The tires may experience sudden air loss or belt edge separation which could lead to partial or full tread loss. Continental has not received any reports of accidents or injuries resulting from this condition and the compa

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The LiDAR sensor specialist from Hamburg Ibeo Automotive Systems GmbH gets underway with the validation of their real solid state ibeoNEXT sensors for China's largest SUV manufacturer, Great Wall Motor (GWM). The aim is to reach series production for automated driving at L3 and potentially L4 levels, and to define standards which should make autonomous driving possible in the near future. Ibeo commissioned German-Chinese testing and validation provider LiangDao for series testing. The tes

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Fisker Inc – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles, and advanced mobility solutions announced it has entered into a MOU with Hon Hai Technology Group (TWSE:2317) (Foxconn) supporting a project to develop a breakthrough electric vehicle. Highlights of the proposed collaboration, codenamed ‘Project PEAR’ (Personal Electric Automotive Revolution): Fisker and Foxconn to jointly develop a breakthroug

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Chemical Guys, the leading lifestyle brand for automotive detailing enthusiasts and professionals, announces the launch of HydroInterior, the company's latest addition to its popular 'Hydro' line of ceramic products. HydroInterior is a highly versatile interior protectant, fusing the ease of use and efficiency of a quick detailer with the long-lasting protective properties of a ceramic into one product designed to clean, protect and maintain your vehicle's interior surfaces wh

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Power management company Eaton (Eaton) today announced that its Vehicle Group (Vehicle Group) is an electric vehicle (EV) development geared solutions . The Vehicle Group uses its expertise in the production of transmissions and contract manufacturing gear sets for passenger cars and commercial vehicles to become a global leader in the design, development and supply of reduction gears for electric vehicles. This new technology complements Eaton’s eMobility power electronics portfolio in

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Briggs Automotive Company (BAC) is continuing its global expansion and announced the launch of BAC Michigan, signing an agreement with luxury automotive dealership Platinum Motorcars Detroit (PMC) to bring its Mono supercar to the Midwest. Based in Birmingham, Michigan, just north of Detroit, Platinum Motorcars offers premium automotive brands, including Bentley, Ferrari, Aston Martin, Lamborghini, McLaren and Porsche. It will now serve as the exclusive BAC distributor for Michigan

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The Goodyear Tire & Rubber Company (Nasdaq: GT) and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total enterprise value of approximately $2.5 billion. The transaction will expand Goodyear's product offering by combining two portfolios of complementary brands. It will also create a stronger U.S.-based manufacturer with increased presence in distribution and retail ch

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ARKO Corp.announced that the Company has signed a strategic memorandum of understanding (MOU) with Chakratec, an Israel-based developer of electric vehicle (EV) charging technology, to distribute the kinetic storage systems for fast charging of electric vehicles. Chakratec is a developer of kinetic energy storage systems that enable ultra-fast charging of EVs. Chakratec’s technology and products aim to solve the main challenge to mass adoption of EVs – the “Range A

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Hyzon Motors Inc., the industry-leading global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles, plans to further grow its operations in the Village of Honeoye Falls in Monroe County, New York, creating up to 100 new jobs over the next three years. This follows Hyzon's announcement on February 9, 2021 that it plans to go public through a merger with Decarbonization Plus Acquisition Corporation in a deal that values the fuel-cell truck company at $2.7 bil

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Eaton, an energy management company, announced that its Vehicle Group is developing gears for electric vehicles (EVs). With its know-how in manufacturing subcontracted transmissions and gear ratios for commercial and passenger vehicles, the Vehicle Group aims to be a leader in the design, development and supply of EV gear ratios. The new technology completes Eaton's eMobility range of electronic products on the electric vehicle transmission market. Eaton addresses the ch

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Greenland Technologies Holding Corporation, a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Fujian South China Heavy Machinery Manufacture Co. Ltd. ("SOCMA", www.socmachinery.com), a leading company specialized in designing, manufacturing and distributing heavy industrial machinery and vehicles, today announced a co-operation agreement to utilize SOCMA's existing supply-chain and c

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Novelis Inc., the world leader in aluminum rolling and recycling, unveiled its strongest automotive aluminum product to date, Novelis AdvanzTM 7UHS-s701. The technologically advanced, ultra-high-strength material is now available commercially to the global automotive industry. The product offers lightweighting potential of up to 40% over existing ultra-high strength, hot-formed steel solutions. It is designed for safety-critical structural applications in passenger vehicles that req

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Volta Trucks, the full-electric commercial vehicle manufacturer, has selected Proterra, a leading innovator in commercial vehicle electrification technology, as the battery supplier for the Volta Zero. The Volta Zero is the world's first purpose-built, full-electric 16-tonne commercial vehicle designed specifically for inner city freight distribution. This significant contract completes Volta Trucks's strategic sourcing of the electric powertrain. Volta Zero vehicles are sch

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Autoliv, Inc., the worldwide leader in automotive safety systems, announced its plan to build a new inflator manufacturing plant in India, focused toward supporting its strong Indian market position. This is the latest development in Autoliv's long commitment to the Indian market through its world class life-saving solutions for mobility and society. Autoliv India has its corporate office, Engineering Centre, and Airbag facilities in Bangalore.  The new inflator plant will

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SolarEdge Technologies, Inc., announced that the Company has been selected and will begin to supply full electrical powertrain units and batteries for the production of the Fiat E-Ducato light commercial vehicle. “We are excited to be a part of this significant moment for Stellantis as they introduce an electric version of the very popular Fiat E-Ducato light commercial vehicle to the European market. In combining our full electrical powertrains with Stellantis’ expertis

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