Jabil, USA collaborates with AVL Software and Functions, Germany for next-generation vehicle technology solutions On May 21, Jabil Inc., a global manufacturing solutions provider for leading automakers, signed a memorandum of understanding (MOU) with AVL Software and Functions GmbH, the e-drive and software center of AVL List GmbH. The collaboration between Jabil and AVL aims to offer complete solutions across the product development lifecycle fo...

News  Updated at: 2025/05/23

g, financial services and technical teams in Metro Atlanta,” Mercedes-Benz North America CEO Jason Hoff said. About one-third of the 500 jobs relocated to Atlanta are tech-related and will move from offices in Michigan and California, a Mercedes spokesperson said. Mercedes-Benz Financial Services USA headquarters in Farmington Hills, Michigan, will close, with 400 staff members going to Atlanta and Fort Worth, Texas. Mercedes-Benz North America...

News  Updated at: 2025/05/23

Slate Auto to build EV pickups in Warsaw, Indiana Slate Auto, the startup EV company backed by Amazon billionaire Jeff Bezos, will build the first of its electric pickups at the former LSC Communications printing plant in Warsaw, Indiana, Slate's chief executive Chris Barman told Indiana media in a presentation on April 25. “Our truck will be made here in the USA as part of our commitment to re-industrializing America,” Barman said onstage wi...

News  Updated at: 2025/05/15

Sintercom, India signs 3-Year export deal with Tenneco On May 12, Sintercom India Limited announced that it has received a letter of intent (LOI) dated May 12, 2025, from Tenneco Automotive Operating Co. Inc., based in Illinois, USA, along with its affiliated companies. The project involves the manufacturing, supply, and export of stainless-steel sintered products, specifically Hego Boss and Flanges. The supply contract is scheduled to begin in S...

News  Updated at: 2025/05/13

Ascend Elements, USA secures USD 320 million funding to build pCAM manufacturing facility in Poland On May 7, Ascend Elements announced that it had secured up to USD 320 million (PLN 1.22 billion) in funding from Poland’s Ministry of Economic Development and Technology to build a sustainable precursor cathode active material (pCAM) manufacturing facility. pCAM is a high-value engineered material essential for producing lithium-ion batteries use...

News  Updated at: 2025/05/08

KPIT Technologies, India acquires Caresoft Global’s engineering solutions business KPIT Technologies Limited announced the acquisition of the engineering solutions business of Caresoft Global, including 100% ownership of four international subsidiaries: Caresoft Global Technologies, Inc. (USA), Caresoft Engineering Services Ltd. (UK), CAREGLOTECH de RL de CV (Mexico), and OXI SRL (Italy). The acquisition is aligned with KPIT’s focus on the co...

News  Updated at: 2025/05/06

Epsilon funds new materials science institute at Tufts Engineering School, USA On April 29, Epsilon Carbon announced the launch of a new research institute in partnership with Tufts University. The Tufts Epsilon Materials Institute, based at the School of Engineering, will focus on materials science and engineering, with an emphasis on innovations in battery materials. The initiative is supported by USD 11.5 million sponsorship from Epsilon. The ...

News  Updated at: 2025/05/01

and lowering associated costs. The merger is subject to necessary approvals, and it will not impact its financial reporting or business operations. Additionally, KPIT Technologies has decided to voluntarily liquidate PathPartner Technology Inc., its wholly owned step-down subsidiary in California, USA. The functions, workforce, and customer agreements of the U.S. entity have already been absorbed into KPIT Technologies Inc. (USA), ensuring busin...

News  Updated at: 2025/04/29

of approximately MYR 120.67 million. These wins further strengthen MCE’s position as a trusted supplier of automotive electronics and mechatronic components to leading automakers both domestically and internationally. Multi-Code Electronics Industries (M) Berhad has been awarded projects by JVIS USA LLC (JVIS) and Perodua, while MCE Hengtuo Sdn Bhd secured a contract from Proton. The largest of these is a MYR 69.59 million supply contract with...

News  Updated at: 2025/04/24

FORVIA unveils plan and cost-saving measures to mitigate tariff impacts FORVIA SE has presented an action plan to mitigate the direct impacts of imposed tariffs in North America by utilizing local networks of industrial operations and suppliers within the region. Most of its Mexican sales to the USA pass customs duties on to customers. Meanwhile, more than 80% of USA purchases of components outside the USA are eligible for USMCA (United States-Me...

News  Updated at: 2025/04/18

before April 30, 2025. Following the completion of this acquisition, SFHL’s stake in Axles India will rise from 38.82% to 62.98%, making Axles India Limited a subsidiary of SFHL. Axles India Limited is a joint venture between Wheels India, Sundaram Finance Holdings, and Dana Holding Corporation (USA). The company manufactures axle housing for the entire range of medium and heavy commercial vehicles. Based on Sundaram Finance Holdings Limited'...

News  Updated at: 2025/04/11

inancing. A continued trend of lower-than-expected order intake would necessitate additional financing. Cell Impact requires additional capital to finance the current operations that lay the foundation for future volumes. The looming global trade war risks affecting Cell Impact’s customers in the USA but has a more limited direct impact on its business operations in Japan and other parts of Asia. Based on Cell Impact press release...

News  Updated at: 2025/04/11

LISI Automotive opens newly upgraded plant in Lake Zurich, USA LISI Automotive announced that it has officially opened its newly upgraded Termax Corporation’s manufacturing site in Lake Zurich, IL, USA. The facility produces automotive clips for customers across North America. The upgrade includes enhanced process efficiency and an optimized plant layout, creating a modern, agile, and efficient manufacturing environment. This investment also s...

News  Updated at: 2025/04/11

Mercedes-Benz adds 2026 Mercedes-AMG E 53 HYBRID Wagon to U.S. lineup On April 8, Mercedes-Benz USA announced the new 2026 Mercedes-AMG E 53 HYBRID Wagon will be arriving at U.S. dealerships later in 2025, with a plug-in hybrid powertrain that enables all-electric driving up to 87 mph.  An AMG-enhanced 3.0-liter inline six-cylinder turbocharged engine and permanently excited synchronous electric motor power the AMG E 53 HYBRID Wagon, generating ...

News  Updated at: 2025/04/11

VW Group reports 58.9% growth in BEV global sales in Q1, 2025 On April 9, VW Group announced that it has delivered 216,800 battery electric vehicles (BEVs) globally, an increase of 58.9% YoY in Q1, 2025. While BEV deliveries recorded a 112.6% YoY growth in Europe and a 51.0% YoY growth in USA, those in China reported a drop of 36.8% YoY. VW Group remains the BEV market leader in Europe with a 26% share. VW Group's global deliveries rose by 1.4% Y...

News  Updated at: 2025/04/09

Ecobat updates about lithium recycling plants in Europe and USA On April 3, Ecobat announced the successful commissioning of three lithium-ion battery recycling facilities within just one year. Located in Hettstedt, Germany; Casa Grande, Arizona; and Darlaston, England, these facilities are now fully operational.  Together, the three plants are capable of processing up to 10,000 tons of lithium-ion batteries annually, with plans to scale capacit...

News  Updated at: 2025/04/09

INEOS Automotive announces price adjustments for vehicles amid USA import tariffs On April 4, INEOS Automotive announced that it is protecting its customers from U.S. President Trump’s 25% import tariff hikes by taking measures to keep prices stable. The company said that Grenadier models ordered before April 3, 2025, will be protected from extra tariff charges at the time of delivery. While the orders placed on and after that date will see a 5...

News  Updated at: 2025/04/07

Tech Mahindra, India partners with CrateDB, USA for agentic AI solutions for automotive, manufacturing and smart factories On April 1, Tech Mahindra, a technology consulting and digital solutions provider, and CrateDB, a data management company, announced a partnership at Hannover Messe 2025 in Germany. The collaboration aims to improve real-time data analytics in the automotive, manufacturing, and smart factory sectors. Tech Mahindra will integr...

News  Updated at: 2025/04/02

Shinsung to invest USD 53.5 million for energy storage manufacturing plant in Kentucky On March 27, Shinsung ST USA, a leading innovator in energy storage solutions, announced plans to establish a new manufacturing facility in Simpson County, Kentucky with a USD 53.5 million investment creating 100 new jobs. The company’s new manufacturing facility will focus on producing essential components, such as heat sinks and various parts for energy sto...

News  Updated at: 2025/04/02

Suprajit Engineering Limited signed an asset purchase agreement for the second tranche of the SCS acquisition, covering the assets and certain liabilities of SCS China (Stahlschmidt Zhejiang Automotive Co., Ltd.) and SCS Canada (Stahlschmidt Ltd.). The acquisition will be executed through Suprajit USA Inc.’s subsidiaries—Suprajit Canada Limited and Suprajit (Jiaxing) Automotive Systems Company Limited to acquire assets and businesses in Cana...

News  Updated at: 2025/03/31