Iveco delivers 300 eDaily units to Petit Forestier Group in Europe On December 18, Iveco announced that the Petit Forestier Group has acquired around 300 units of eDaily in Europe as part of its strategy to strengthen sustainable urban logistics. The eDaily combines zero-emission driving with robustness, real-world range of up to 150 km under refrigeration use, and features such as One-Pedal Drive and the ePTO system, which can power refrigeratio...

News  Updated at: 2025/12/20

ility at the Industrial Park, Seetharampur, Hyderabad, Telangana, following which Telangana Industrial Infrastructure Corporation Limited (TSIIC) levied a penalty of about INR 25.8 million for the period from November 12, 2023, to November 11, 2025. The penalty was imposed after Olectra, which had acquired 150 acres at Seetharampur under a November 11, 2021, sale agreement for setting up the facility, sought an extension of project timelines and...

News  Updated at: 2025/12/19

Magallanes Value Investors acquires 3.24% stake in EBRO, Spain On December 17, EBRO announced that Iberian fund Magallanes Value Investors has acquired a 3.24% stake in its share capital. The company has not disclosed the value of the transaction. The company has reindustrialized the former Nissan plant in Barcelona, Spain, with its Chinese partner Chery. The stake was sold by the founding partners from their current holdings to bring in a leadin...

News  Updated at: 2025/12/19

Sumitomo Electric successfully concluded TOB for shares in Sumitomo Riko Sumitomo Electric Industries, Ltd. (Sumitomo Electric) announced on December 16 that its tender offer bid (TOB) for shares in Sumitomo Riko Company Limited (Sumitomo Riko) to make it a wholly-owned subsidiary was successfully concluded.   Sumitomo Electric has acquired 43,319,442 shares, exceeding its planned lower limit of 16,681,702 shares. The Company will acquire all of...

News  Updated at: 2025/12/18

Nippon Steel to invest in key areas including US and India Nippon Steel Corporation (Nippon Steel) announced that it has formulated the 2030 Medium- to Long-term Management Plan. By investing primarily in United States Steel Corporation (USS) which it acquired, and overseas businesses such as those in India, Nippon Steel aims to achieve JPY 1 trillion or more in consolidated underlying profit in fiscal year 2030 (ending in March 2031). While seek...

News  Updated at: 2025/12/16

Brakes India acquires 10% stake in Japan’s TBK Co. Ltd. On December 9, 2025, Brakes India, a TVS Group company, acquired a 10% shareholding in Japan’s TBK Co. Ltd. through a primary capital infusion, as part of a capital and business alliance agreement. The value of the transaction was not disclosed. TBK, a global auto components maker in the medium and heavy commercial vehicle segment, focuses on brakes, pumps, and engine‑related parts. Un...

News  Updated at: 2025/12/10

ese, Chinese, and possibly Korean/Western companies. Willingness and capacity to invest in EV related technologies, components, and systems. Consolidation risk: Suppliers heavily exposed to low tech ICE components, or reliant on a single Japanese anchor customer, face higher risks of either being acquired, forced into joint ventures, or exiting the market. The speed and depth of EV related localization by both Japanese and Chinese OEMs will la...

News  Updated at: 2025/12/09

Center Rock invests in, acquires GHSP, supplier of advanced control systems On December 5, Center Rock Capital Partners, LP announced that it has acquired GHSP, a global leader in mechatronic systems, smart actuators, and electronic controls serving the automotive market. Founded in 1924 and based in Holland, Michigan, GHSP multiple locations in North America and Asia. GHSP designs and manufactures precision mechatronic and control systems used b...

News  Updated at: 2025/12/09

Inteva completes acquisition of parts of IAC Group’s European business On December 1, 2025, Inteva Products announced that it had acquired portions of International Automotive Components (IAC) Group’s European business. IAC Group is a leading global supplier of interior automotive components and systems. The acquisition improves Inteva’s position in the automotive interiors market while expanding its global engineering capabilities. With th...

News  Updated at: 2025/12/03

s part of a broader effort to reshape its portfolio toward higher-growth sectors. The transaction has minimal financial impact but represents a strategic shift as the company prioritizes electronics and lithium-ion battery separator technologies, especially in North America. Asahi Kasei originally acquired Daramic through its 2015 purchase of Polypore but now plans to focus resources on its Hipore wet-process lithium-ion separator business to su...

News  Updated at: 2025/12/03

ific products yet to be disclosed. The Beijing Hyundai Chongqing Plant, with a total investment amount of CNY 7.7 billion and an annual production capacity of 300,000 vehicles, was commissioned in August 2017 and idled in December 2021. After being listed for sale three times in 2023, the plant was acquired by a state-owned company in Chongqing for CNY 1.62 billion at the end of the year and was handed over to Deepal subsequently, rather than bei...

News  Updated at: 2025/11/28

Mack delivers first ten Pioneer flagship trucks to fleet owners in U.S. On November 24, Mack Trucks announced it has delivered the first ten of its Pioneer flagship trucks to Wayne Smith Farms and Cooley Transport/Maloney Leasing. Wayne Smith Farms purchased six 76-inch sleeper models, while Cooley Transport acquired four 76-inch sleepers. Cooley has four more trucks on order. Mack began production of the Class 8 Pioneer at the Lehigh Valley Oper...

News  Updated at: 2025/11/27

Samvardhana Motherson International Limited focuses on expanding automotive business In an investor update, Samvardhana Motherson International Limited (SAMIL) announced that the results for Q2 FY 2026 now reflect the contribution of the recently acquired automotive business Atsumitec, while the open offer for Yutaka, another company with a strong automotive portfolio and longstanding ties to Honda, is expected to conclude by Q1 FY 2027, ending J...

News  Updated at: 2025/11/26

rt cockpit solutions. From design and development to mass production, AMSC offers flexible, scalable, end-to-end support to help clients accelerate innovation and seize market opportunities. AMSC is formed through the integration of AUO’s Mobility Solutions Business Group and BHTC GmbH, which was acquired by AUO in 2024. AMSC focuses on solutions around immersive experiences, intelligent sensing, and advanced computing platforms. AMSC will unve...

News  Updated at: 2025/11/20

f 2026. The decision aims to safeguard the company’s profitability, competitiveness, and business performance in the Americas region amid ongoing changes in global market dynamics and supply chains. The plant has also not been cost-competitive for many years despite continuous turnaround efforts. Acquired in 1988, the facility employs approximately 230 people and produces textile reinforcement materials, including tire cord fabric, hose yarn, a...

News  Updated at: 2025/11/20

chnology with a safety driver in San Francisco since 2017, and has multiple offices and depots around the city to support its operations. California regulators are currently reviewing Zoox’s application to charge for rides in San Francisco, a clearance that Waymo received in August 2023.  Amazon acquired Zoox in 2020 for more than USD 1.2 billion and has since opened a facility in Hayward, California capable of assembling over 10,000 robotaxis...

News  Updated at: 2025/11/20

, the company decided to acquire 100% of the shares in the Argentine subsidiary of Lithium South Development Corp., a Canadian resource development company for USD 65 million (JPY 10.07 billion). Lithium South owns mining rights within the Hombre Muerto salt lake in Argentina. Posco Holdings, which acquired key mining rights in the Humbre Muerto salt lake, will, through this subsidiary acquisition, secure additional salt water-derived lithium res...

News  Updated at: 2025/11/17

Elliott acquires 3% shares in Toyota Industries According to the half-year-term report released by Toyota Industries Corporation (Toyota Industries) on November 11, a US investment fund, Elliott Investment Management, has acquired a 3.26% stake in Toyota Industries. Elliott is known as an active shareholder. The Toyota Motor Group is planning a tender offer bid (TOB) in February or later next year to privatize Toyota Industries. (From an article ...

News  Updated at: 2025/11/13

Kyocera enters capital and business alliance with Japan Aviation Electronics Industry Kyocera Corporation (Kyocera) announced that it has entered a capital and business alliance with Japan Aviation Electronics Industry, Limited (JAE). The company acquired the shares in JAE held by NEC Corporation (NEC) as of October 31, making JAE its equity-method affiliate. Anticipating further advancement of automotive electrification, Kyocera aims to strength...

News  Updated at: 2025/11/04

h threatened to leave major automotive manufacturers without chips. Around 70% of Nexperia chips made in Europe are sent to China to be completed and re-exported to other countries. Nexperia is headquartered in the Netherlands but owned by Wingtech, a company backed by the Chinese government, which acquired the Dutch business in 2018. (multiple sources on November 1, 2025)...

News  Updated at: 2025/11/04