Michelin announced the completion of its acquisition of Flexitallic, based in Houston, Texas, USA.
Flexitallic operates across 17 facilities worldwide and produces a comprehensive range of composite gaskets, sheet products, and specialty filler materials. It employs approximately 1,200 people and generated around USD
South Korea’s LG Chem Ltd. (LG Chem) announced that it has unveiled a plan to expand its electronic material business, from current KRW 1 trillion (JPY 110 billion) in sales to KRW 2 trillion (JPY 220 billion) by 2030. Prior to this, the company positioned automotive electronic components, semiconductors, and next-ge
General Motors and its Chinese joint venture, SAIC-GM-Wuling, are reported to be in advanced talks to manufacture vehicles in Mexico. The move comes amid shifting trade policies, as Mexico raised tariffs on Chinese imports to 50% in January.
The joint venture already ships approximately 130,000 Chinese-built Chevrole
On April 1, Hero MotoCorp completed the acquisition of 268,219 Series E Cumulative Compulsorily Convertible Preference Shares in Euler Motors for INR 2.1 billion, part of a broader INR 2.75 billion additional investment approved in February 2026. Post acquisition, Hero MotoCorp holds 36.67% of Euler Motors on a fully
On April 2, Agratas, the Tata Group's global battery business, completed the steel frame structure at its Sanand facility in Gujarat, a key construction milestone keeping the 20 GWh first-phase gigafactory on track for production in 2027. The structure spans 700 metres in length, 150 metres in width, and rises to 34
On March 31, NORMA Group announced that it will cut 400 jobs worldwide by 2028. The company plans to generate annual savings of up to EUR 42 million by 2028 compared to the 2024 cost base. The Group optimized its global footprint over the past year. In the Asia-Pacific region. The company consolidated its production
NSK Ltd. (NSK) announced plans to withdraw production from its European manufacturing subsidiaries, NSK Bearings Europe Ltd. and NSK Precision UK Ltd., located in Newark-on-Trent, Nottinghamshire, UK.
The plan was part of the ongoing structural reforms in the company’s European operations, driven by persistent challe
On March 30, Voyah Automotive Technology Co., Ltd. (Voyah) announced on the Hong Kong Exchanges and Clearing Limited (HKEX) that Dongfeng Asset Management Co., Ltd. (DFAM), a controlling shareholder, plans to increase its shareholding in Voyah’s H-shares within 12 months from the same day, with an initial aggregate a
Several South Korean media sources reported that a South Korean company, SBTL Advanced Materials Co., Ltd. (SBTL Advanced Materials), will build a production site for battery pouch films in the Pyeongchon Industrial Complex in Daejeon Metropolitan City. Aiming to start the construction in the latter half of 2026, the
On March 31, Tube Investments of India Limited announced that its subsidiary TI Clean Mobility Private Limited has acquired 30 million shares of TIVOLT Electric Vehicles Private Limited, representing 5.45% of the share capital of TIVOLT, for a consideration of INR 300 million. TIVOLT Electric Vehicles has become a wh
On March 31, Ramkrishna Forgings Limited announced that it has commenced the commercial production of Horizontal Casting Line, “DISA FLEX 80”. It has a production capacity of 28,800 metric tonnes p.a. at its PLANT VIII in Jharkhand. The casting line can manufacture casting products as per quality standards and custom
On March 31, the Prime Minister of India inaugurated the Kaynes Technology semiconductor plant in Sanand, Gujarat. The facility will supply Intelligent Power Modules to a California-based company, and a large share of its output is already booked for export. It will strengthen the electric vehicle ecosystem and heavy
On March 31, Daimler Truck announced its plans to expand its European production network to better meet future market needs.
The company plans to add a new assembly plant in Cheb in Czech Republic. Truck cabs will be painted and prepared in Worth, Germany and then sent to Cheb for assembly. If approvals are granted,
Japan
USA
Mexico
Germany
China (Shanghai) China (Shenzhen)
Thailand
India
login
+81-3-4241-3907
Free Trial
Online Demo