Automotive parts suppliers expecting demand relating to heavy-duty FC trucks with help of subsidies Heavy-duty fuel-cell (FC) trucks are entering the stage of commercialization. Commercial Japan Partnership Technologies Corporation (CJPT, Bunkyo Ward, Tokyo), a joint venture of Toyota Motor Corporation (Toyota) and other companies, plans to supply 50 heavy-duty FC trucks to transportation companies in 2025. The Japanese government has a vision to...

News  Updated at: 2025/01/29

Moreover, the company plans to open its first 4S showroom in Hanoi in January and is also actively looking for dealer partners across Vietnam to expand its distribution network. Dongfeng introduced its passenger cars to the Vietnamese market in 2017 at the VIMS 2017 Exhibition with 2 models, Joyear S50 and Joyear X5. According to the company, the unattractive products and the high prejudice of Vietnamese consumers towards products from China made...

News  Updated at: 2025/01/06

GJAW 2024: Indonesia-based Aletra brand launches L8 EV; based on Geely/Livan Maple 80V MPV Reported on November 25, 2024, Indonesia-based Aletra brand, under PT Sinar Armada Globalindo (PT SAG), has officially introduced the Aletra L8 EV MPV in Indonesia. Presented at the Gaikindo Jakarta Auto Week (GJAW) that will run until December 1, this e-MPV is available in 2 variants, priced from IDR 435 million. The 7-seater L8 is developed based on a Liv...

News  Updated at: 2024/11/26

China’s Baosteel to buy out Nippon Steel’s 50% stake in auto steel venture Baoshan Iron & Steel Co., Ltd. (Baosteel) announced that it has approved the proposal on buying out Nippon Steel’s 50% stake in their auto steel joint venture. The contract for the joint venture, Baosteel-Nippon Steel Automotive Steel Sheets Co., Ltd., will expire on August 29, 2024. Established in 2004, the joint venture is jointly held by Baosteel and Nippon Steel,...

News  Updated at: 2024/07/25

Nyobolt, UK tests ultra-fast charging batteries on road On June 28, Nyobolt announced that it is testing its high-power density, fast-charging battery technology from the lab into the real world by revealing the first running Nyobolt EV prototype. Designed and engineered with CALLUM, the Nyobolt EV will be used to validate the battery performance. The 35kWh battery pack in the Nyobolt EV prototype not only adds miles faster but the compact batter...

News  Updated at: 2024/06/28

Traton to be listed on MDAX stock index, Frankfurt in Germany On June 6, Traton announced that it will be included in the German MDAX index starting June 24, which tracks the performance of the country's 50 largest companies. Until now, Traton is listed on the SDAX, a stock index composed of 50 small and medium-sized companies and the change was made due to the company's market capitalization of approximately EUR 17 billion with 500,000 shares is...

News  Updated at: 2024/06/07

Auto sales in Vietnam down 49.5% in February  According to the Vietnam Automobile Manufacturers Association (VAMA) report issued on March 12, automobile sales (including imported vehicles of non-VAMA manufactures' sales) in Vietnam were down 49.5% year-over-year to 11,633 units in February. CKD volume was 6,662 units and CBU volume was 4,971 units. VAMA members (20 manufactures) sales in February were down 51.2% y/y to 10,017 units. VAMA members...

News  Updated at: 2024/03/13

Renault acquires Ferrovial's stake in Zity to increase sustainable mobility initiatives On December 22, Renault Group announced that it has agreed on the acquisition of Ferrovial's 50% stake in Zity by Mobilize. The move allows Renault to advance its commitment to sustainable and accessible mobility solutions through Mobilize, while Ferrovial refocuses on its core business of sustainable infrastructure development and operation. Established in 20...

News  Updated at: 2023/12/25

MIDA and ams OSRAM continue mutual support for advanced LED manufacturing in Kulim, Malaysia ams OSRAM and the Malaysian Investment Development Authority (MIDA) announced the mutual support for the continued investment and expansion in Malaysia, through a Collaborative Agreement. In August 2023, The Malaysian Ministry of Investment, Trade and Industry (MITI) and MIDA visited the ams OSRAM HQ in Austria, to understand the technology development ap...

News  Updated at: 2023/09/12

Proton confirms launch of all-new model in Malaysia by year-end; reportedly called S50, replacement of Proton Preve Reported on March 28, 2023, the CEO of Proton has confirmed the launch of the all-new Proton model in Malaysia, joining the other 7 models that Proton will have in its line-up by the end of 2023. This upcoming model is expected to be Proton S50, a C-segment sedan (reportedly based on the Geely Emgrand). The possible provided engines...

News  Updated at: 2023/03/31

Solvay divests its stake in RusVinyl, Russia On March 3, Solvay announced that it has agreed on final terms to sell its 50% stake in the RusVinyl joint venture to its joint venture partner Sibur.  It will mark the final step in the company’s strategy to exit its cyclical global polyvinyl chloride (PVC) operations. The agreement is based on a purchase price for Solvay’s 50% stake of around EUR 430 million. A capital loss of around EUR 175 mi...

News  Updated at: 2023/03/06

LA Auto Show 2022: North American Car, Truck, Utility Vehicle of the Year finalists revealed On November 17, the finalists that will compete for the 2023 North American Car, Truck and Utility Vehicle of the Year (NACTOY) Awards were announced at the Los Angeles Auto Show.Winners will be announced at a special event in Detroit on January 11, 2023.Earlier this year, 26 vehicles were voted semifinalists from an initial field of 47 eligible vehicles,...

News  Updated at: 2022/11/22

Ford South Africa presents next-generation Ford Everest On September 27, Ford South Africa announced the next-generation Ford Everest. It has a new 3.0L V6 diesel engine, which is exclusively available in the range-topping Everest Platinum. The maximum power output is 184 kW, combined with a substantial 600 Nm of torque. Powering the Everest Sport is the proven 2.0L Bi-Turbo diesel engine. In its latest guise, this engine produces 154 kW allied t...

News  Updated at: 2022/10/04

Reanult announces all-electric R5 TURBO 3E show car On September 22, Renault announced that it will stage R5 TURBO 3E’s worldwide premiere at the Chantilly Arts & Elegance 2022 contest, which will take place on September 25. R5 TURBO 3E will be on display on Renault’s stand at the 2022 Paris Motor Show (from October 17 to 23).  This all-electric show car is a contribution to the Renault 5’s 50th-anniversary celebrations and a tribute to th...

News  Updated at: 2022/09/22

Valeo holds 100% of Valeo Siemens eAutomotive Valeo Group (Valeo) announced that it has acquired Siemens AG’s 50% stake in Valeo Siemens eAutomotive, according to the agreement signed on February 9, 2022, which means now Valeo holds 100% of Valeo Siemens eAutomotive. Valeo has integrated Valeo Siemens eAutomotive into its Powertrain Systems business with approximately 4,000 employees, including more than 1,600 engineers, 7 production sites in 4...

News  Updated at: 2022/07/05

Cambodia’s first publicly-available EV charging point launched by Chevron in southern Phnom Penh On April 26, 2022, Chevron Cambodia Ltd, the local manager of the Caltex petroleum brand, introduced the Kingdom’s first publicly-available EV charging point, along with the southern Phnom Penh filling station, Cambodia’s 50th Caltex station, where it is located. The Ministry of Public Works and Transport in mid-March affirmed the Kingdom’s c...

News  Updated at: 2022/04/27

GF to divest its stake in US automotive joint venture GF Casting Solutions, a division of GF, and Linamar Corp., Guelph (Ontario, Canada), agreed that GF will sell its 50% stake in the joint venture to its Canadian partner. The joint venture GF Linamar LLC commenced operations with a high-pressure die-casting facility located in Mills River, NC (US) in 2017. With the acquisition of GF's 50 percent stake, Linamar becomes the sole owner of the Mill...

News  Updated at: 2022/04/01

GAC begins export of Dodge-brand crossover to Mexico On September 30, GAC Motor Co., which operates a joint venture with Stellantis, announced it will begin shipping in the week of October 4 the first batch of 770 crossovers, built at Hangzhou plant in China, to Mexico where the vehicle will be marketed under the Dodge brand. GAC expects to export nearly 4,000 crossovers to Mexico by the end of 2021. While the company did not identify which GAC c...

News  Updated at: 2021/10/01

Ford production cuts in Q2 largely related to fire at Renesas semiconductor plant On August 2, Ford COO for North America, Lisa Drake and CFO John Lawler clarified the situation at their company in relation to the global semiconductor supply crisis.Ford has been affected by the shortage more than any other North American OEMs, previously stating that it could lose as much as half of its planned production in Q2 alone. Drake and Lawler confirmed t...

News  Updated at: 2021/08/06

March vehicle sales in Thailand up 25.7%, production up 10.7% (detailed report) According to MarkLines Data Center, March vehicle sales in Thailand increased 25.7% year over year to 79,969 units. The positive factors contributed to this growth cited by FTI included fast delivery of vehicles of which their bookings were recorded at the Bangkok International Motor Show and the government’s 50-50 copayment scheme.January - March sales were down 3....

News  Updated at: 2021/04/30