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1 - 20 of 3021 results
Thailand’s auto industry confronts U.S. tariffs and steel price surge
a broad economic impact, with the auto industry among the hardest hit. Around 90% of local auto parts production supports pickup truck assembly, a segment already facing weak domestic demand. Meanwhile, the club is closely watching developments in the global steel market following Nippon Steel’s acquisition of U.S. Steel in June. There are rising concerns that higher steel prices could slow vehicle production and further strain parts suppliers...
News Updated at: 2025/07/16
Toyota Tsusho America completes acquisition of Radius Recycling
Toyota Tsusho America completes acquisition of Radius Recycling On July 10, Toyota Tsusho America, Inc., a subsidiary of Toyota Tsusho Corp., announced it has completed the acquisition of Radius Recycling, Inc., a leading North American recycling company with a network of over 100 locations. The transaction advances key Toyota Tsusho strategic goals in building a circular economy focused on recycling throughout the automobile lifecycle, as well...
News Updated at: 2025/07/12
Superior Industries to be acquired by investors after OEM contract disruptions
d it has entered into definitive agreements to be acquired by a group of its term loan investors, including Oaktree Capital Management. Superior Industries disclosed to investors in May that in addition to a USD 13 million net loss in the first quarter, it recently lost major OEM contracts. The acquisition by investors will be implemented via a merger, whereby investors will convert up to approximately USD 550 million of their term loan claim...
News Updated at: 2025/07/12
Luxshare-ICT secures majority ownership of Leoni
share’s subsidiary TIME Interconnect acquired 100% of Leoni AG's Automotive Cable Solutions (ACS) division. Leoni and Luxshare will leverage their respective OEM relationships to strengthen their global market position, especially with OEMs like Tesla and Chinese automakers. TIME Interconnect’s acquisition of ACS expands its European market access and boosts ACS’s reach into Asia. Luxshare’s electronic components will empower Leoni furthe...
News Updated at: 2025/07/11
Somic Ishikawa, Japan acquires 100% stake in Somic ZF components from ZF India
Somic Ishikawa, Japan acquires 100% stake in Somic ZF components from ZF India On July 9, ZF India and Japan-based Somic Ishikawa Inc. announced the signing of an agreement for the acquisition of 100% shareholding in Somic ZF Components Pvt. Ltd. by Somic Ishikawa. The transaction transitions the former joint venture into a wholly owned subsidiary of the Somic Group. The financial details of the deal were not disclosed. Following the acquisition,...
News Updated at: 2025/07/10
Gabriel India to form joint venture with South Korea’s Jinos, acquires 51% Stake in JAIPL
part of the agreement, Gabriel India, Jinos, and JAIPL will execute a joint venture agreement (JVA) and share subscription agreement (SSA). In addition, JAIPL will sign a technology license agreement with Jinhap Co., Ltd., an affiliate of Jinos and a provider of the specialty fastener industry. The acquisition is expected to be completed by October 31, 2025. Based on the Gabriel India stock exchange notification...
News Updated at: 2025/07/09
Applied Intuition, US acquires Reblika’s technology for creating 3D digital humans
Applied Intuition, US acquires Reblika’s technology for creating 3D digital humans On July 8, Applied Intuition, Inc., announced its acquisition of Reblika’s generative AI technology for creating fully configurable 3D digital humans. This strategic acquisition enhances the realism and diversity of Applied Intuition’s digital human library, virtual representations used to safely and effectively test autonomous systems in simulation. Reblik...
News Updated at: 2025/07/09
BYD, HKUST establish joint lab for EI
YD will invest tens of millions of HKD to support the operation of the lab for the tackling of EI. The two parties will place emphasis on exploring data-driven EI research and developing new operational data collection solutions suitable for both simulated and real-world environments to reduce data acquisition costs. The acquired data will be used for the training of large EI models to enable robots to accomplish various tasks in family or plant ...
News Updated at: 2025/07/09
LG Chem to re-postpone acquisition of additional stake in Hungarian JV
LG Chem to re-postpone acquisition of additional stake in Hungarian JV LG Chem Ltd. (LG Chem) announced it will postpone the acquisition of the shares in its joint venture in Hungary from June 30, 2025, to December 19, 2025. In June 2022, the South Korean company jointly set up LG Toray Hungary Battery Separator Kft. with Toray Industries, Inc. from Japan on a 50:50 basis. The JV produces secondary battery separator films and delivers them to the...
News Updated at: 2025/07/07
Toyota acquires former site of Shinpo Ryokuchi Sports Park in Tokai City for JPY 4.4 billion
Toyota acquires former site of Shinpo Ryokuchi Sports Park in Tokai City for JPY 4.4 billion Toyota Motor Corporation (Toyota) has acquired the old site of Shinpo Ryokuchi Sports Park in Shinpo Town, Tokai City, Aichi Prefecture, for JPY 4.4 billion. The site has about 73,750 square meters of land. Toyota will utilize the site as a logistics center for vehicles. The acquisition contract was signed on June 30. (From an article in the Nikkan Jidosh...
News Updated at: 2025/07/07
MaxVolt Energy, India acquires land in Aligarh for lithium battery recycling
MaxVolt Energy, India acquires land in Aligarh for lithium battery recycling On July 1, MaxVolt Energy Industries Limited, a lithium-ion battery technology and clean energy solutions company, announced the acquisition of 23,524 square meters of industrial land in Aligarh, Uttar Pradesh, with support from the Uttar Pradesh MSME Department. In the first phase, the company plans to establish a lithium battery recycling facility with a projected annu...
News Updated at: 2025/07/04
Bharat Forge completes acquisition of AAM India
Bharat Forge completes acquisition of AAM India On July 2, Bharat Forge Limited (BFL) announced the completion of its acquisition of AAM India Manufacturing Private Limited at an equity value of INR 7,464.6 million, which includes INR 1,894.8 million in cash held by AAM India. The acquisition follows the company’s earlier announcement on October 17, 2024. AAM India is an automotive components supplier to major OEMs across both traditional and n...
News Updated at: 2025/07/03
Lyten acquires Northvolt’s Dwa ESS operations in Gdansk, Poland
Lyten acquires Northvolt’s Dwa ESS operations in Gdansk, Poland On July 1, San Jose, California-based Lyten, a global leader in lithium-sulfur batteries, announced the acquisition of Northvolt’s Dwa ESS operations in Gdansk, Poland. The 25,000 square meter (270,000 sq ft) battery energy storage systems (BESS) manufacturing and R&D facility is the largest BESS manufacturing facility in Europe and was part of Northvolt Systems. Lyten and Nort...
News Updated at: 2025/07/03
Nippon Steel withdraws lawsuit against CFIUS
sued an order to block the purchase, Nippon Steel filed a lawsuit to the U.S. Court of Appeals for the District of Columbia, claiming that the president’s order was illegal and should be made invalid. The company has withdrawn the lawsuit because the current President Trump ordered to approve the acquisition on June 13, and Nippon Steel signed an agreement with the U.S. Government on June 18. The lawsuit was jointly withdrawn by Nippon Steel, U...
News Updated at: 2025/07/02
King Long, China becomes first bus manufacturer in Spain to obtain “Energy Saving Certificates”
ertificates (CAE - bus energy saving certificate) for its range of 100% electric vehicles. This recognition is granted by the Ministry for Ecological Transition and the Demographic Challenge. The Madrid-based company La Veloz, SA has become the first operator to benefit from this system, with the acquisition of a King Long PEV12 electric bus. The Bus Energy Saving Certificate is an official certificate that certifies the effective reduction of ...
News Updated at: 2025/07/01
Minebea Mitsumi and Yageo to extend Shibaura Electronics tender offer period
ics Co., Ltd. will be postponed from the original date of July 1 to July 9 and July 11, respectively. At Minebea Mitsumi’s general shareholders’ meeting held on June 27, shareholders expressed their support for the tender offer, and the company explained that it will continue to work toward the acquisition. (From an article in the Nikkan Jidosha Shimbun on June 30, 2025)...
News Updated at: 2025/06/30
Teknia to expand Cantabria, Spain plant for electrification project
Teknia to expand Cantabria, Spain plant for electrification project On June 27, the Ministry of Industry and Tourism announced that it has supported Teknia's new electrification project at its production facilities in Ampuero (Cantabria) with an allocation of EUR 1.6 million in the PERTE VEC III program. This project also represents the largest business acquisition in Teknia's history, with a total investment of over EUR 6 million. Designed to ...
News Updated at: 2025/06/27
Ronbay, China and Rock Tech Lithium sign MoU for lithium-ion battery materials supply chain in Europe
ienced engineering and construction partners to facilitate the construction and ramp-up of the Guben facility and also explore potential joint investment opportunities. The parties will also collaborate on market development, including supporting Ronbay’s European offtake commitments and customer acquisition efforts in the battery and automotive sectors. Based on press release form Rock Tech Lithium Inc....
News Updated at: 2025/06/27
JDI to raise JPY 95.6 billion from Ichigo Trust
JDI to raise JPY 95.6 billion from Ichigo Trust Japan Display Inc. (JDI) announced that it will raise funds of JPY 95.6 billion from Ichigo Trust Pte. Ltd. (Ichigo Trust), an investment fund and parent company of JDI. JDI will raise the funds by issuing stock acquisition rights through a third-party allotment. The company also announced that it would transfer part of its patent rights relating to liquid crystal and organic light-emitting diode (O...
News Updated at: 2025/06/27
IVECO BUS receives order for 100 new articulated electric buses in Belgium
IVECO BUS receives order for 100 new articulated electric buses in Belgium On June 18, IVECO BUS announced that Belgian public transport operator De Lijn confirmed an order for 100 new articulated electric buses. The acquisition is part of a 2023 framework agreement and adds to the 141 E-WAY 18-meter units currently being delivered. The new vehicles will begin arriving in the last quarter of 2026. De Lijn aims to achieve fully emission-free publi...
News Updated at: 2025/06/26