Huf has concluded its previously announced partnership with Sodecia, which has acquired an initial 30% stake in the company and will gradually increase the shares.
Huf will continue to operate as a stand-alone entity responsible for “Access & authorization” and under the familiar name. Its headquarters will remain in

On May 5, SGL Carbon announced that it has decided to close its production site in Lavradio as part of the restructuring of its loss-making Carbon Fibers business unit. Lavradio is one of seven sites in the Carbon Fibers business unit and currently employs around 250 people to manufacture acrylic fibers and precursor

On April 29, Simoldes Plastics and ELIX Polymers announced a partnership to use recycled materials in premium vehicle interiors. As part of the Simoldes BOOST project, the goal is to increase renewable material use by 40% in the development phase, focusing on mechanically recycled content. ELIX’s E-LOOP products, inc

The European Commission has approved the acquisition of joint control of Huf Hülsbeck & Fürst GmbH & Co. KG and Huf Industrieverwaltung GmbH by Huf Holding GmbH & Co. KG and Sodecia Participações Sociais, S.G.P.S., S.A., under the EU Merger Regulation.
The transaction relates to the development and production of moto

On April 28, IVECO BUS Iberica announced the start of deliveries of 102 CROSSWAY buses to BUSWAY Coimbra to enhance public transportation services in the CIM Coimbra Region in Portugal.
The vehicles are powered by FPT Industrial Cursor 9 engines delivering 360 hp, paired with ZF ECOLIFE 6AP automatic transmissions fo

On March 11, Volkswagen announced that it will develop the production version of the all-new the ID.EVERY1 at its Palmela plant in Portugal, from 2027. 
The decision to produce the new model at this location is driven by economic and structural factors within Volkswagen's production network.
ID.EVERY1 is an entry lev

On February 20, the China Chamber of Commerce to the EU (CCCEU) launched the Automotive Working Group, representing over a thousand Chinese enterprises operating across Europe. The CCCEU Automotive Working Group will include Chinese automakers, auto parts suppliers, financial institutions, logistics providers, consul

On February 4, Lear Corp. announced it has purchased StoneShield Engineering, a privately held system integrator based in Castelo Branco, Portugal that specializes in the design and development of automation technology for the wire harness industry. StoneShield Engineering’s areas of expertise include robotics, autom

On January 17, Volkswagen Autoeuropa announced that its Palmela plant, Portugal has started the production of T-Roc R-Line 1.5 TSI (110 kW) for the German market, its top export destination. The model features a DQ200 automatic transmission.
Notably, 99% of the factory’s output is exported, mainly to Germany, Italy,

On January 14, HORSE announced that it has started production of its all-new eMotor for hybrids and plug-in hybrid vehicles at its Aveiro plant in Portugal.
The new eMotor can propel a vehicle up to 130km/h when in EV mode and can deliver up to 49kW of power and 212Nm of torque in hybrid mode.
The HORSE Aveiro plant

On January 8, Autoridade da Concorrência (AdC), the Portuguese Competition Authority, announced the acquisition of Covercar S.A. (Covercar) by Brose Sitech sp. z o.o. (Brose Sitech) and by Inversiones Carcarosa, S.L. (Incar).
Covercar is a group of companies, which engages in the global manufacturing and production o

On December 19, Banco Português de Fomento approved an investment of EUR 9.94 million in Caetanobus, as part of the Deal-by-Deal co-investment programme. The investment aims to strengthen the company’s capacity in the sustainable mobility sector.
The investment is addition to EUR 4.26 million, from HCapital Partners,

SODECIA Group announced that it will enter the share capital of the HUF Group, subject to conditions precedent to be finalized. SODECIA’s entry will take place in several stages, starting with a minority stake of 30% and progressively increasing to the acquisition of the entire share capital. It will participate in m

On November 26, Galp, a multinational energy corporation, announced that it has decided not to proceed with the construction of the Aurora project, originally a 50/50 partnership between Galp and Northvolt.
Since 2021, Aurora has been working to set up a lithium conversion plant in Setúbal, Portugal, to supply the b

On October 17, Portuguese Government announced that it has approved the Green Mobility – Passengers package, allocating EUR 10 million each year in 2024 and 2025 from the Environmental Fund to support zero-emission vehicle purchases.
The initiative aims to replace polluting vehicles with electric ones, improving road

On October 29, HORSE announced that it has collaborated with Portugal’s Centre of Engineering and Product Development (CEiiA) to develop a new in-house-designed transmission called the ‘reducer’ for light vehicles, targeting the fast-growing urban mobility market toward 2030.
Initial prototypes from HORSE’s Aveiro pl

On October 28, BMW made the world premiere of the new edition of its BMW 2 Series Gran Coupé model at ApeFest 2024 in Lisbon.
The presentation featured two models of the sporty, four-door coupe, each equipped with in-car gaming experiences, and a concept version showcasing a unique "ApeCar" design. This special editi

On October 15, Gruppo Mastrotto S.p.A. acquired a majority stake in Coindu - Componentes Para A Indústria Automóvel, S.A., through an equity contribution to support the business's relaunch.
Founded in 1988 in Portugal, Coindu is a leader in the design and manufacture of high-quality leather and textile automotive int

On September 26, XPENG Motors partnered with the Salvador Caetano Group to launch operations in Spain and Portugal. XPENG is expanding in Southern Europe with a 100% electric lineup. The initial model lineup includes the G6 ultra smart coupe SUV, the G9 flagship intelligent SUV, and the P7 sports sedan.
In Spain, XPE

On September 24, Clean Motion AB signed a Letter of Intent (LoI) with Mitsubishi Fuso Truck Europe (MFTE), based in Portugal and a member of the Daimler Truck Group. 
This agreement outlines MFTE’s intent to evaluate the potential for large-scale contract manufacturing of Clean Motion’s solar-powered EVIG, which incl