Ficosa founding family repurchases Panasonic’s stake, regains full ownership Multiple media sources reported that Javier Pujol, CEO of Ficosa International, S.A. (Ficosa), has repurchased Panasonic Holdings Corporation’s stake in Ficosa through the investment vehicle M&J Inv Ltd., returning full ownership to a member of the Pujol founding family. Panasonic acquired 49% of Ficosa in 2015 and increased its holding to 69% in 2017. The collabora...

News  Updated at: 2026/05/07

duction facility for the production and maintenance of high-tech tooling for the automotive industry. Total investment in the production facility amounted to RUB 120 million. Of this, RUB 50 million was provided by the Federal Industrial Development Fund (IDF). With the help of the FRP, the company acquired six modern metalworking machines for its tool shop. It will help to establish the production and comprehensive repair of molds and other tool...

News  Updated at: 2026/05/06

logy that offers similar driving range and fill-up time as a diesel truck with the only water vapor as the only emission. Hyroad’s full-service model covers the truck, maintenance and fleet management software under a bundled commercial offering as an OEM-agnostic operator. In August 2025, Hyroad acquired 117 hydrogen fuel cell trucks, spare parts, software platforms and IP assets from Nikola Corporation’s bankruptcy auction to expand its ser...

News  Updated at: 2026/05/05

Pirelli partners with Univrses to integrate AI-based computer vision into its Cyber Tyre system Pirelli Tyre S.p.A. (Pirelli) has signed an agreement with Stockholm-based Univrses to integrate the company's 3DAI technologies into Pirelli’s Cyber Tyre systems. Pirelli has also acquired a 30% stake in Univrses, with the option to reach a majority stake. The combined solution is expected to enhance vehicles safety, performance, and data capabiliti...

News  Updated at: 2026/04/30

Mercedes-Benz Trucks delivers 50 chassis buses in Brazil On April 27, Mercedes-Benz do Brasil announced the delivery of 50 OF 1721 bus chassis to operators in Cuiabá as part of a fleet renewal initiative. The units were acquired by Rápido Cuiabá Transporte Urbano (26 units) and VPAR Transportes (24 units) and are already in operation. The buses were built with Marcopolo Torino bodies. The new units also introduce BlueTec 6 emissions technology...

News  Updated at: 2026/04/29

t, including battery testing and validation systems, EV charging and testing infrastructure, vehicle lifts, alignment and balancing systems, toolroom machinery, and plant support assets. The auction resolves the liquidation of assets of Bollinger Innovations, which was named after Mullen Automotive acquired 95% of Bollinger Motors in June 2025 and assumed a new name. (Maynards Industries releases on April 27, 2026) 1 / 2...

News  Updated at: 2026/04/28

with Phase I targeting a first milestone capacity of 2,000 MTPA by Q3 FY 2027 (ending December), with full Phase I operations envisaged by FY 2029. The company has also signed a technology licensing agreement with Sicona to localise and commercialise silicon-carbon anode technology in India and has acquired an equity stake in International Battery Company (IBC) for validation, scale-up, and customer engagement of its battery materials. Based on t...

News  Updated at: 2026/04/24

Motherson, India restructures European subsidiaries, merges German Unit, dissolves French entity On April 16, Samvardhana Motherson International Limited (SAMIL) disclosed the dissolution of GIE Groupe AD, an indirect wholly owned French subsidiary with no active business or operations, deregistered by the Commercial Register of France on April 14, 2026. GIE had been acquired as part of the ADI Group acquisition in May 2024. On April 15, SAMIL me...

News  Updated at: 2026/04/17

d its production and sales activities have not been hindered. Murata Manufacturing detected the possibility of unauthorized access on February 28 and launched an investigation. On March 6, the company recognized that information relating to internal and external individuals may have been improperly acquired, and that certain information about its group companies’ employees may have been leaked. It conducted a further investigation into the leak...

News  Updated at: 2026/04/07

Lithium Africa completes first phase of acquisition of Springbok project in South Africa On March 30, Lithium Africa Corp. announced that it had completed the first phase of the acquisition of Namli Exploration & Mining Proprietary Limited. It has acquired 30% of the issued and outstanding shares of Namli and is currently proceeding with the second phase of the acquisition. Namli owns the Springbok Project, a large lithium project in South Africa...

News  Updated at: 2026/04/06

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