On May 6, multiple sources reported that Stellantis plans to cut about 200 jobs at its Termoli plant in Italy. The company aims to do this through voluntary exits, a strategy it has used before in other Italian factories.
An early retirement plan is being prepared for workers close to retirement age. Those who qualif

On May 7, Volvo unveiled the new XC70 model which is Volvo's first extended-range plug-in hybrid SUV, offering up to 200 km of electric-only driving — the longest for any Volvo hybrid so far.
It’s built on Volvo’s new SMA (Scalable Modular Architecture) platform, designed for premium plug-in hybrids. The XC70 will la

On May 7, BMW Group announced that in Q1 2025, group revenues decreased 7.8% YoY to EUR 33.8 billion, EBIT was down 22.5% YoY to EUR 3.1 billion, and net profit decreased 26.4% YoY to EUR 2.2 billion.
The automotive EBIT totaled EUR 2 billion for Q1, down 25.3% YoY with a 6.9% margin at the upper end of the 5–7% targ

On May 7, BMW announced that it is planning to launch over 40 new or refreshed models, including electric, plug-in hybrid, and combustion engine vehicles—all featuring NEUE KLASSE technology and design by 2027.
It will start series production of the NEUE KLASSE at its new Debrecen plant in Hungary later this year, be

On April 30, Aston Martin announced that it is closely watching the changing U.S. tariff situation and is limiting imports for now, relying on existing stock at U.S. dealers. The company will adjust plans as needed based on future developments.
As shared on March 31, 2025, the expected impact of U.S. tariffs led to a

On May 6, the United Kingdom and India concluded talks on a comprehensive Free Trade Agreement (FTA) that is set to benefit the automotive sectors in both countries. As part of the agreement, India will cut tariffs on 85% of tariff lines covering 66% of existing UK exports, including key automotive products. UK car m

On May 7, the Automotive Research Association of India (ARAI) announced that Hyundai Motor India Ltd. has successfully obtained CMVR compliance certificates for its M1 category vehicles to operate on E20 fuel. This certification confirms that Hyundai’s passenger vehicles now meet regulatory requirements for compatibi

On May 7, Odysse Electric Vehicles launched HyFy, a low-speed electric scooter priced at INR 42,000. The scooter is powered by a 250W motor and is available with two battery options—48V and 60V. It has a top speed of 25 kmph and has a range of 70 to 89 km per charge. The charging time for the scooter varies between 4

On May 5, TVS Motor Company confirmed that Norton motorcycle products will be launched by the fourth quarter of FY 2026. TVS clarified that when it acquired Norton, it had only acquired the brand, with no existing product lineup in place. Since then, it has focused its investments on product development, which is now

On May 6, Innoviz Technologies Ltd announced an expansion of the multi-year NRE (Non-Recurring Engineering) payment plan initially announced in December 2024. The NRE payment plan is the outcome of development activities that Innoviz has performed and will continue to perform for its key existing customers. 
The expa

On May 4, multiple sources reported that Chinese tire manufacturer Sentury Tire abandoned its plan to establish a factory in the As Pontes region of Galicia, Spain, and transfer all funding to its existing factory in Tangier, Morocco. The Tangier plant started production in September 2023. The investment will expand

On May 4, the Iran Chamber of Commerce, Industries, Mines, and Agriculture, met with Sweden’s ambassador to Tehran to invite Sweden to restart joint investment projects in Iran’s automotive and electricity sectors. The Chamber's president encouraged Sweden to revive past successful ventures like joint vehicle manufac

On May 5, IRP has joined CIAC – Clúster de la Indústria d’Automoció de Catalunya, a key hub driving innovation and collaboration across Catalonia’s evolving automotive industry. This step aligns with its mission to accelerate e-mobility adoption through advanced, software-defined, and modular powertrain solutions.
Ba

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 May 6, Acconeer announced that the kick sensor of the new Jeep Compass is powered by its A121 Radar Sensor.  Designed to withstand outdoor environments, the sensor delivers reliable and precise detections in any weather. The accuracy of the A121 radar sensor prevents false triggers from passing pedestrians or obje

On May 5, multiple sources reported that Hyundai registered three trademarks “Hyundai ix10, Hyundai ix40, and Hyundai ix50” in Russia. All trademarks registered are in Class 12 of the International Classification of Goods and Services (ICGS), which covers cars, as well as spare parts and accessories.
Based on Multipl

On May 6, the Catalan Institute of Finance (ICF) financed GEDIA with a loan of EUR 8.4 million to develop a new key component for the electric vehicles that will be manufactured by Seat and Cupra in Martorell and Volkswagen in Pamplona from 2026.
GEDIA will transform one of its warehouses in Santa Margarida i els Mon

On May 6, CISSOID and EDAG Group announced a strategic partnership aimed at accelerating the development of next-generation Silicon Carbide (SiC) traction inverters for electric mobility applications. This collaboration brings together CISSOID’s expertise in SiC power semiconductor modules and control solutions with

On May 6, NOVOSENSE Microelectronics announced that it will present its innovative solutions at PCIM Expo & Conference 2025 in Nuremberg. NOVOSENSE advances electrification, intelligence, and safety with solutions such as its highly integrated ambient lighting driver SoC (NSUC1500-Q1), audio amplifier, body control m

On May 6, the Society of Motor Manufacturers and Traders (SMMT) welcomed the signing of a UK-India Free Trade Agreement, which is a result of more than three years of complex negotiations. It will deepen trade and investment links between the two countries, especially in the automotive sector. 
While the deal likely