Samsung’s Harman to acquire ZF Group's ADAS unit for USD 1.77 billion On December 23, HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., announced that it has entered into a definitive agreement to acquire the Advanced Driver Assistance Systems (ADAS) business of ZF Group, comprising automotive compute solutions, smart cameras, radars and ADAS software functions. The transaction is valued at EUR 1.5 billion (USD 1...

News  Updated at: 2025/12/24

India-New Zealand FTA unlocks duty-free access for autos and components On December 22, India concluded a landmark Free Trade Agreement (FTA) with New Zealand. The FTA provides major duty-free access for Indian exports, protects sensitive domestic sectors, and supports inclusive and resilient economic growth. The FTA improves market access for Indian goods and also opens opportunities in the wider Oceania and Pacific Island markets. For the autom...

News  Updated at: 2025/12/23

ACEA raises concern on EU-Mercosur ratification delay On December 18, the European Automobile Manufacturers’ Association (ACEA) raised concerns over the European Council's delay in voting on the ratification of the EU-Mercosur Agreement. The Mercosur deal would contribute to a significant increase in vehicle exports to the region, due to the removal of tariffs of up to 35% and by addressing technical trade barriers. Additionally, it would provi...

News  Updated at: 2025/12/23

Santana Motors finalizes alliance with BAIC, confirms two new models for 2026 launch On December 22, Santana Motors held an important meeting at BAIC’s R&D Center in Beijing, China, to prepare a production agreement at its Linares factory in Spain. The company also confirmed that two new Santana models, produced under license from BAIC, will be launched in 2026. After this high-level meeting between Santana, BAIC, Coronet, the Linares City Coun...

News  Updated at: 2025/12/23

Pacific Industrial extends tender offer period Pacific Industrial Co., Ltd. (Pacific Industrial), which has been implementing a tender offer (TOB) to realize a management buyout (MBO), announced that it will extend the end of the tender offer period to January 13, 2026, to make it a total of 110 business days. The tender offer conditions were changed in response to a verbal agreement made by a special purpose company established by Pacific Indust...

News  Updated at: 2025/12/23

Shriram Pistons & Rings, India to buy piston line assets from Sunbeam On December 19, 2025, Shriram Pistons & Rings Limited (SPRL) announced that it had signed an asset purchase agreement with Sunbeam Lightweighting Solutions Private Limited, a wholly owned subsidiary of Craftsman Automation Limited, to purchase identified plant and machinery and related assets forming part of a piston manufacturing line on a piecemeal basis for INR 280 million, ...

News  Updated at: 2025/12/22

SKion acquires significant parts of the BMZ Group, Germany On December 19, SKion GmbH entered into a binding agreement to acquire significant business units from the self-administration proceedings of BMZ Holding GmbH and BMZ Germany GmbH, Karlstein am Main (“BMZ Group”). The acquisition is subject to approval by the antitrust authorities.  Previously, SKion has been a minority shareholder of the BMZ Group. Since the beginning of the proceed...

News  Updated at: 2025/12/22

NORMA Group to start voluntary redundancy program in Germany On December 16, NORMA Group announced that it has reached an agreement with the Group Works Council on a voluntary redundancy program in Germany. The agreement is valid for salaried employees of NORMA Group’s sites in Maintal and Marsberg, Germany.  The purpose of the agreement is to generate savings in personnel costs in a manner that is as socially acceptable as possible. The volun...

News  Updated at: 2025/12/22

Weineng Battery partners with HCIC, HETDA for power batteries On December 18, Wuhan Weineng Battery Asset Co., Ltd. (Weineng Battery) signed a strategic cooperation agreement with Hefei Construction Investment & Holding Co., Ltd. (HCIC) and the Hefei Economic and Technological Development Area (HETDA). The three parties will fully leverage their advantages in battery asset management, battery applications and technologies, industrial investment, ...

News  Updated at: 2025/12/22

Zhengzhou Nissan, CHN Energy Henan to deepen cooperation On December 19, Zhengzhou Nissan Automobile Co., Ltd. (Zhengzhou Nissan) announced the recent signing of a framework agreement on deepening cooperation in areas such as clean energy utilization, comprehensive energy services, green transportation, and vehicle procurement with CHN Energy Henan Electric Power Co., Ltd. (CHN Energy Henan) at its Zhongmu plant. Under the agreement, the two comp...

News  Updated at: 2025/12/22

CATL, Voyah forge 10-year partnership Contemporary Amperex Technology Co., Ltd. (CATL) signed a 10-year agreement on deepening cooperation with Voyah in Ningde, Fujian. The two companies will launch long-term cooperation in areas such as new technology application, product supply, brand synergy, and global market expansion.Under the agreement, on the technology side, CATL will provide Voyah with battery technology to promote the application of it...

News  Updated at: 2025/12/22

Momenta, Grab forge strategic partnership Momenta signed a strategic cooperation agreement with and received a strategic investment from Grab, a Southeast Asian platform for mobility and life services. The two companies plan to jointly promote the application of autonomous driving technology in the Southeast Asian market, with focus on exploring an implementation path for autonomous driving services in urban scenarios with dense population and co...

News  Updated at: 2025/12/22

centers on a parallel “L2 + L4” approach, combining mass-market ADAS programs developed with automakers such as Mercedes-Benz and BMW alongside ongoing progress toward commercial Robotaxi operations. The Grab partnership adds to Momenta’s growing international footprint, following its earlier agreement with Uber, which is targeting the start of L4 Robotaxi trials in Munich in 2026. (From Grab press release on December 18, 2025)...

News  Updated at: 2025/12/22

ion of affairs. The tender offer price will be JPY 1,303 per share. The TOB period will run from December 22, 2025 to February 9, 2026. Denso Corporation, the second largest shareholder (9.27%) in Sawafuji Electric, and Honda Motor Co., Ltd., the third largest shareholder (6.03%), have concluded an agreement with ARTS-4 to tender their shares. Hino Motors, Ltd., which holds the largest 30.29% stake in Sawafuji Electric, will not tender the shares...

News  Updated at: 2025/12/22

India proposes preferential trade agreement with Mexico On December 16, it was reported that India proposed a preferential trade agreement with Mexico to lessen the impact of new tariffs scheduled to take effect on January 1, affecting Indian exports in around USD 2 billion. India’s Commerce Secretary Rajesh Agrawal said technical discussions have already begun following a virtual meeting with Mexico’s Deputy Minister for Foreign Trade, Luis ...

News  Updated at: 2025/12/20

Canada, U.S. to begin formal talks in January on review of USMCA On December 18, Prime Minister Mark Carney announced that Canada will begin formal talks with the United States in January to review the U.S.-Mexico-Canada trade agreement (USMCA). Internal Trade Minister Dominic LeBlanc will lead discussions with U.S. counterparts. Carney said Canada also plans to pursue additional trade agreements next year and has updated provincial leaders on t...

News  Updated at: 2025/12/20

onsemi, GlobalFoundries join to develop next-gen GaN power devices On December 18, onsemi announced it has signed a collaboration agreement with GlobalFoundries (GF) to develop and manufacture advanced gallium nitride (GaN) power products using GF’s state-of-the-art 200mm eMode GaN-on-silicon process, starting with 650V. “We are on track to begin providing samples to customers in the first half of 2026, and scale rapidly to volume productio...

News  Updated at: 2025/12/20

ollowing 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 a no-objection certificate to obtain credit facilities against the...

News  Updated at: 2025/12/19

Daimler Buses to supply up to 500 EV Buses to De Lijn, Belgium On December 15, Daimler Buses announced that it has signed a framework agreement with the Flemish public transport company De Lijn for the supply of up to 500 electric buses. Under the agreement, De Lijn has already ordered 80 Mercedes-Benz eCitaro electric buses, with deliveries starting in early 2027. Based on Daimler Truck press release...

News  Updated at: 2025/12/19

ARRW provides 1,500 Chevrolet Optra models for smart transportation in Egypt On December 18, ARRW announced that, through a strategic agreement between Al-Mansour Automotive Group and General Motors Egypt, and in partnership with Aman and Bare, 1,500 locally assembled Chevrolet Optra vehicles were provided to support Egyptian youth and help them work in the smart transportation sector via the ARRW app. ARRW is Egypt’s first ride-hailing license...

News  Updated at: 2025/12/19