Tube Investments, India acquires complete ownership of EV manufacturer TIVOLT 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 wholly owned subsidiary of TI Clean Mobility.  TIVOLT E...

News  Updated at: 2026/04/01

before moving the operation to suburban Detroit. Focusing on larger electric vehicles, he developed the B1 SUV and B2 pickup, and later reengineered a Chinese-developed Class 4 cab vehicle for production, which happened at Roush Automotive in Livonia, Michigan. In September 2022, Mullen Automotive acquired a 60% controlling interest in Bollinger Motors for USD 148.2 million in September 2022, and by June 2025, Mullen increased its ownership to 9...

News  Updated at: 2026/04/01

y issues during parts delivery and zero warranty claims over the past year. The award-winning Geumsan plant in South Korea supplies original equipment (OE) tires for the Ford F-150 pickup truck. It became the first of the company's eight global production sites to receive the award. The company has acquired Ford's Q1 Award certification for its eight production sites, starting with the Daejeon Plant in South Korea in 2000, and most recently for t...

News  Updated at: 2026/03/31

rectors meeting on March 24. It is expected to receive JPY 300 billion in support from investment funds and a consortium of banks. In response to reports on the same day that it was planning to delist, the company acknowledged the information as “generally accurate.” In 2006, Nippon Sheet Glass acquired British company Pilkington Group Limited, in which it held about a 20% stake, for a total of approximately JPY 600 billion. It envisioned gai...

News  Updated at: 2026/03/24

PECOL Automotive, Portugal, to develop components using MAThread screw technology On March 19, PECOL Automotive, in a social media post, announced that it has acquired a license to produce and use MAThread screw technology in its products. It helps to develop high-performance solutions for the automotive industry. MAThread technology is a patented, self-aligning screw design engineered to eliminate cross-threading, seizing, and jamming during ins...

News  Updated at: 2026/03/23

lity infrastructure. The industrial hub will be built around Lyten Dwa – the energy storage production plant and R&D center in Gdansk. In February, Lyten announced the establishment of its first Industrial Hub in Skelleftea, Sweden, on the site of the former Northvolt Ett plant, which it recently acquired. It will combine battery production with a data center with a capacity of up to 1 GW, being built by EdgeConneX. Once it reaches full product...

News  Updated at: 2026/03/21

Zenobē expands North American EV fleet with Revolv acquisition On March 19, Zenobē announced it has acquired California-based Revolv to expand into North America’s commercial electric truck market. The deal adds 13 operating sites, over 100 electric trucks, and a development pipeline, strengthening Zenobē’s presence beyond its existing U.S. and Canadian school bus and transit projects. The acquisition combines Zenobē’s global electrific...

News  Updated at: 2026/03/20

Bharat Forge, India sells 23% stake in JS Auto to PI Opportunities fund On March 16, Bharat Forge announced that private equity investor PI Opportunities Fund I Scheme II has acquired a 23% fully diluted stake in JS Auto Cast Foundry India Pvt Ltd (JS Auto), its step-down subsidiary, for about INR 3 billion. Following this infusion, JS Auto’s status has changed from a step-down wholly owned subsidiary to a step-down subsidiary of Bharat Forge, ...

News  Updated at: 2026/03/17

Rubber) announced on March 16 that it will dissolve its U.S. plant in Salem, Virginia, on March 18, 2026, U.S. time. Aging production facilities and other factors made it difficult to produce high value-added tires and large-diameter tires. The Salem plant, which began operations in the 1960s, was acquired by Yokohama Rubber in 1989 and has been producing passenger car tires. Yokohama Rubber will transfer production at the Salem plant to its oth...

News  Updated at: 2026/03/17

cturing expertise for Joby and has invested USD 894 million to support the certification and production of Joby’s eVTOL aircraft.  In 2025, Joby celebrated the completion of an expanded manufacturing facility in Marina, and confirmed the start of propeller blade production in Ohio. Joby recently acquired a new 700,000 square-foot facility in Dayton, Ohio to double production to four aircraft per month in 2027, and over time, build up to 500 ai...

News  Updated at: 2026/03/13

ietary electric chassis, with in-house components for powertrain, batteries, steering, and brakes. In addition to the safety features already available in Harbinger trucks, including backup cameras with dynamic trajectory, virtual bumpers, and acoustic vehicle alerting systems, the company recently acquired Phantom AI to incorporate additional ADAS features for 2026 such as emergency braking, adaptive cruise control, lane keeping, and more. (Harb...

News  Updated at: 2026/03/12

Danfoss, Denmark, announces full ownership of Semikron Danfoss, to divest power modules business for EVs On March 9, Danfoss acquired the remaining shares in Semikron Danfoss, increasing its ownership from 62% to 100% and gaining full ownership. This strengthens Danfoss’ ability to serve customers with industrial-scale power electronics solutions and sharpens focus on core businesses, including industrial drives, renewables, data centers, energ...

News  Updated at: 2026/03/11

Through this participation, the company will also work on "accelerators" that can speed up specific processes. In particular, it plans to advance research into semiconductors optimized for AI based autonomous driving, building on technology that enables high speed processing of 3D point cloud data acquired by LiDAR (laser scanners). (From an article in the Nikkan Jidosha Shimbun on March 11, 2026)...

News  Updated at: 2026/03/11

rt 160,000 refundable reservations into firm orders. Faricy’s background at Amazon, especially in e-commerce and marketplace operations, denotes a focus on customer acquisition, unit economics, and direct sales. Prior to Amazon, Faricy worked at Ford Motor Company during the time when the company acquired the ailing Jaguar, Land Rover and Volvo brands. Backed by investors including Jeff Bezos, Slate plans to sell its sub-USD 30,000 electric tru...

News  Updated at: 2026/03/11

nse, automobiles, and medical uses. Depending on conditions, the business could potentially reach a scale of approximately JPY 2 trillion. To realize such a large-scale investment, challenges are expected to include securing personnel and determining how many defense and industrial customers can be acquired. (From an article in the Nikkan Jidosha Shimbun on March 10, 2026)...

News  Updated at: 2026/03/10

EXEDY Corporation acquires in-wheel motor developer Protean Electric, UK On March 6, Protean Electric (Protean) announced that it had been acquired by EXEDY Corporation (EXEDY) from vehicle electrification technology provider BEDEO Group. Under the ownership of EXEDY, Protean will be able to meet the market demand for its in-wheel motors at an industrial scale and competitive cost.  It will enable the further development and market expansion of ...

News  Updated at: 2026/03/09

Motilal Oswal, India buys 1.65% stake in Zelio E-Mobility, electric two-wheeler manufacturer On March 5, Motilal Oswal Financial Services said it acquired 350 thousand shares of Zelio E‑Mobility, representing a 1.65% stake, via a block deal at INR 280 per share for a total consideration of INR 98 million. Zelio raised INR 783.4 million in its October 2025 IPO. It manufactures a range of low‑speed and high‑speed electric two‑wheelers under...

News  Updated at: 2026/03/06

anufacturing process through data exchange with business partners. Denso also obtained EcoPass certification from Catena‑X in February 2025, a framework that promotes data collaboration in the automotive industry, primarily in Europe. By obtaining ABtC’s application certification, Denso has now acquired an application certification that enables connectivity with both Europe’s Catena X and Japan’s Ouranos Ecosystem, an initiative that faci...

News  Updated at: 2026/03/06

Sojitz acquires Jaguar Land Rover’s Dealer in Brazil, responding to growing premium car market Sojitz Corporation (Sojitz) announced on March 3 that it would enter the Jaguar Land Rover (JLR) dealership business in Brazil. On the same day, it acquired all shares in Premier Veiculos S.A. (Premier Veiculos), a local dealer, thereby making it a consolidated subsidiary. So far, the company has operated a retail business for BMW and Audi in Brazil. ...

News  Updated at: 2026/03/04

Toyoda Gosei acquires 100% stake in Ashimori Industry Toyoda Gosei Co., Ltd. (Toyoda Gosei) announced on March 2 that it has acquired all of the issued shares of Ashimori Industry Co., Ltd. (Ashimori Industry) on March 1 to make it a wholly owned subsidiary. Since the two companies signed a capital and business tie-up agreement in May 2021, they have established a cooperative system in the safety system business including air bags. In November 20...

News  Updated at: 2026/03/04