On August 6, IAV GmbH, the General Works Council, and IG Metall agreed on a new forward-looking collective bargaining agreement. Eight general works council agreements have been finalized. This resolves the key issues surrounding employment, locations, working hours, compensation, and training in a single package.
IA
On August 5, Mercedes-Benz AG selected Certivity as its new platform for Regulatory Intelligence and Compliance. To date, Mercedes-Benz had relied on an internal in-house solution in this area. Certivity is an AI-based platform for Regulatory Intelligence and Product Compliance.
Certivity embeds Regulatory Intellige
On August 7, Gelion announced a joint development agreement (JDA) with Mitsui Kinzoku Co Ltd (Mitsui Kinzoku) to validate Gelion’s NES Cathode Active Material (CAM) in high-energy-density liquid and solid-state sulfur battery cells capable of meeting automotive, stationary storage, consumer electronics, and aerospace
On July 30, Hyundai Motor India Limited announced that its Pune plant is operating on two shifts; it is planning to move to a three-shift operation from October 2026. The Pune plant has a capacity of 170,000 on a three-shift basis. The Pune plant is manufacturing the Venue model. The third line will cater to both dom
Aumovio SE (Aumovio) has revised its 2026 outlook following the results for H1/2026, the effects of its agreement with BMW, and its assessment of the current market environment.
The company has reduced its sales guidance to EUR 17.0-17.5 billion for 2026 (previously: EUR 17.0-18.5 billion), with an adjusted EBIT marg
On August 5, four companies, namely Prime Planet Energy & Solutions, Inc. (PPES), a joint venture between Toyota Motor Corporation and Panasonic Holdings Corporation specializing in automotive prismatic batteries, Nippon Light Metal Company, Ltd., Fuji Springs Co., Inc., and Panasonic Operational Excellence Co., Ltd.
On August 6, Astemo, Ltd. announced that it will absorb and merge Astemo Ueda, Ltd., a wholly owned subsidiary engaged in passenger vehicle brake systems, effective January 1, 2027. The integration will accelerate the development of advanced brake technologies capable of supporting the highly sophisticated vehicle in
SAIC-GM-Wuling Automobile Co., Ltd (SAIC-GM-Wuling) and the SAIC Motor’s Chassis Team, comprising Shanghai Huizhong Automotive Manufacturing Co., Ltd (SHAC) and DIAS Automotive Electronic Systems Co., Ltd (DIAS), have signed a strategic cooperation agreement, under which the two parties will establish a long-term coo
On August 7, Daimler Truck announced its plans to build a new manufacturing plant in U.S. to increase production capacity and strengthen its manufacturing network in North America.
The new greenfield facility will support both vocational and on-highway truck production. It will use advanced manufacturing technologies
SAIC Motor Corporation Limited (SAIC Motor) announced on August 5 that it officially signed a joint venture renewal agreement with General Motors Company (GM) in Shanghai, extending the term of their joint venture by 20 years through 2047. The renewal builds on nearly three decades of successful cooperation between t
On August 6, IVECO BUS announced the appointment of J&A as its official importer and representative in El Salvador.
The partnership was officially launched during an event attended by representatives of both companies and local customers.
As part of the partnership, IVECO BUS will provide technical, commercial, and p
On August 5, Skoda Auto Volkswagen India stated that media reports published regarding a proposed joint venture with JSW Group are based on market speculation. The company clarified that neither Skoda Auto Volkswagen India nor JSW Group has officially confirmed any such transaction.
Based on communication shared by S
On August 6, Infineon Technologies announced a partnership with MediaTek to enable an advanced AI-driven in-cabin experience in future vehicles. MediaTek has now qualified the Infineon 512 Mb Quad SPI NOR Flash for use in its Dimensity Auto Cockpit Platform C-X1. This turns the Infineon device into an approved and ea
On July 31, British Business Bank invested USD 25 million into PhysicsX as part of its Series C financing. The round is led by Temasek and includes an investment from M&G Investments. PhysicsX is building the new simulation software stack for industrial engineering.
Its AI-native platform enables organisations acros
On August 5, ADM Group, Hyundai Corporation Singapore, and FINCOM Leasing Company launched a joint venture. The project will expand financial opportunities for the purchase of cars and provide an additional impetus to the development of the republic's automotive industry.
The first phase of the venture will see an in
On August 5, multiple sources reported that Maanian Khodro has received a shipment of KD parts for the Nissan Terra SUV. The arrival of this shipment will help to increase production. Due to the blockade and siege of the Strait of Hormuz, the shipment arrived through alternative rail and land routes. Maanian Khodro i
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