Press Releases

Autoliv, Inc. the worldwide leader in automotive safety systems, announces its first steps in adjusting its geographic footprint and aims to close its sites in Elmshorn, Germany and Congleton, United Kingdom. Autoliv is accelerating its global structural cost reductions, particularly within its European operations. These initiatives will simplify its logistics and geographic footprint and significantly lower its cost base. As previously announced, Autoliv intends to reduce its total

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Karma Automotive https://www.karmaautomotive.com/ has formed a new partnership with Pratt Miller Engineering, the brand behind one of the most successful sports car teams in American racing history. The collaboration aims to define a race-inspired performance signature to current and future Karma production vehicles. Karma, in the process of shaping its forthcoming new vehicle lineup, will begin product debuts in November to kick off a year-long celebration of the company's 10th

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Cars with fully or partially electrified drivetrains will account for two thirds of cars produced by 2028, as per analyst forecasts. This rapid growth of electromobility is driving the demand for power semiconductors. Against this background, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and Semikron Danfoss have signed a multi-year volume agreement for the supply of silicon-based electromobility chips. Infineon will supply chipsets consisting of IGBTs and diodes to Semikron Da

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Laser Photonics Corporation, a leading global industrial developer of CleanTech laser systems for laser cleaning and other material applications, announces key applications for its CleanTech line of products. “Our laser cleaning technology continues to provide solutions to industry professionals that save them time and money,” said Wayne Tupuola, chief executive officer of Laser Photonics. The laser cleaning technology created by Laser Photonics has multiple ap

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Diodes Incorporated (Diodes) releases a series of automotive-compliant, low-voltage, high-sensitivity Hall-effect latches. Devices in the AH171xQ series are designed for brushless DC (BLDC) motor commutation speed measurement, angular or linear encoders, and position sensors in demanding automotive and industrial applications. Device options in this series offer a choice of three high-sensitivity BOP and BRP settings (+/-7Gauss, +/-18Gauss, and +/-50Gauss) with tight operating windo

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Following the framework agreement announced in November 2022, Geely Holding Group  Geely Automobile Holdings Limited and Renault Group have signed today a binding 50/50 joint venture agreement to launch a new powertrain technology company that aims to become the global leader in developing, manufacturing, and supplying best-in-class hybrid powertrains and highly efficient ICE powertrain. Aramco, which signed letter of intent with Renault and Geely on March 2, 2023, is evaluatin

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Laser Photonics Corporation a leading global industrial developer of CleanTech laser systems for laser cleaning and other material applications, announces key applications for its CleanTech line of products. “Our laser cleaning technology continues to provide solutions to industry professionals that save them time and money,” said Wayne Tupuola, chief executive officer of Laser Photonics. The laser cleaning technology created by Laser Photonics has multiple app

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KW automotive introduces the KW V3 Leveling coilover suspension kit for the Mercedes-Benz V-Class, catering to family van owners and frequent drivers with MPVs. The kit offers an optimal balance between driving dynamics and comfort, without requiring maximum chassis lowering. With the KW V3 Leveling coilover kit, KW combines the driving characteristics and comfort features of its popular KW V3 coilovers while maintaining nearly the original ground clearance. The kit allows for discreet loweri

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ADS-TEC Energy  a leading provider of battery-based, ultra-fast charging systems in Europe and the U.S., today announced that strategic partners are successfully implementing its ultra-fast charging systems in a wide range of use cases, demonstrating the significant potential of battery-buffered, ultra-fast charging for rapidly scaling electric vehicle (EV) charging. ADS-TEC Energy's solutions do not require time-consuming, cost-intensive network expansion, making it possible for cha

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Automotive cybersecurity and mobility solutions provider AUTOCRYPT announced its new “AutoCrypt Security Fuzzer for HIL” solution, jointly developed by AUTOCRYPT and RWTH Aachen University as part of their industry-academia partnership. As an add-on version of the existing AutoCrypt Security Fuzzer, the new tool enables fuzz testing in the HIL simulation environment. Hardware-in-the-loop (HIL) simulation is a testing platform created by generating a virtual simulation of

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Marelli launches its new integrated Thermal Management Module (iTMM) for electric vehicles, which allows the efficient combination of the vehicle’s different thermal circuits into one single component to shape a more efficient thermal management system, ultimately increasing driving range, safety and flexibility. An optimized thermal energy management is a key factor especially in electric vehicles, as the cooling and heating needs of components and passengers within the car r

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Embotech, the solution provider for autonomous driving systems, Arnold NextG, the technology provider for multi-redundant drive-by-wire systems, and Terberg Special Vehicles, Germany’s leading special vehicle supplier have formed an alliance to develop autonomous vehicles designed for logistic yards, ports and other gated area operations with mixed traffic environments. The first joint autonomous vehicle is based on the Terberg YT193 yard tractor and is currently in production

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Palladium Equity Partners announced today that it has partnered with management to create a platform named Collision Auto Parts LLC, through the simultaneous acquisition and subsequent combination of three automotive aftermarket collision repair part companies -- National Auto Parts, USA. Inc., NAP San Diego, LLC, and National Auto Parts-Oakland, LLC (collectively "Collision Auto Parts" or the "Company"). The goal of Collision Auto Parts is to grow these three companies an

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BYD a global tech innovation giant, has just confirmed an agreement to enter the state of Bahia in an unprecedented feat — Simultaneously start the operation of three factories in the Kamasari Industrial Zone. The industrial area is 50 kilometers from El Salvador. The project investment exceeds 3 billion reais, creating a milestone in the history of the Brazilian auto industry. The project is not only dedicated to the production of cars, but also shoulders the ambitious energy

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taq Automotive Intelligence  a Canadian-based firm specializing in automotive retail technology, today announced its general partnership contract with electric vehicle manufacturer VinFast Canada.  Under their agreement, taq will deliver an intelligence-based, white-labeled digital retailing solution, enabling VinFast consumers to move seamlessly from vehicle ordering to financing and delivery. “We are excited to solidify this partnership with VinFast”, says Al

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