and directors' liability insurance. The payment will be made to an escrow account within 10 business days, with the full USD 250 million expected to be completed within 30 days after court approval. By settling now, Rivian says "The company denies the allegations in the suit and maintains that this agreement to settle is not an admission of fault or wrongdoing". The settlement now allows Rivian to focus on its upcoming R2 SUV planned for release ...

News  Updated at: 2025/10/25

ry parts factory in Michigan is dead after declaring the controversial project to have been abandoned by Gotion Inc. and is no longer eligible for incentives. The Michigan Strategic Fund said the subsidiary of China-based Gotion High-Tech Co. Ltd. is in default of its obligations under a 2022 grant agreement, and it is seeking to recover USD 23.7 million that Gotion received to buy the  land near Big Rapids, Michigan. It also suspended a USD 125...

News  Updated at: 2025/10/25

BYD, Honor Terminal forge strategic partnership On October 22, BYD signed a strategic cooperation agreement with Honor Terminal Co., Ltd. (Honor Terminal). Leveraging Honor Terminal’s automotive connectivity solutions and BYD’s next-generation DiLink intelligent ecosystem, the two companies will launch in-depth collaboration on technology R&D, industrial complementation, and ecosystem establishment to create a premium intelligent mobility exp...

News  Updated at: 2025/10/24

and new production models. The unions want to be directly involved in shaping the next industrial plan to secure jobs, production, and R&D in Italy. They also emphasized that new investments are vital since tariffs have made the market mainly European, excluding the U.S. Overall, the unions seek an agreement with Stellantis and the government to safeguard and increase production, jobs, and research across all Italian facilities. Based on FIOM-CGI...

News  Updated at: 2025/10/22

ARAI and PHINIA partner to develop hydrogen internal combustion engines in India On October 17, 2025, the Automotive Research Association of India (ARAI) signed a memorandum of understanding (MoU) with PHINIA Delphi India Pvt Ltd to collaborate on developing hydrogen internal combustion engines (H2ICE) with direct injection technology. The agreement also includes research into future Gaseous (H2+CNG) Flex Engine applications. The partnership aim...

News  Updated at: 2025/10/22

SGMW, Fuchs forge strategic partnership On October 20, SAIC-GM-Wuling (SGMW) announced the recent signing of a strategic cooperation agreement with Fuchs Lubricants (China) Ltd. (Fuchs). Based on in-depth insights into user needs, the two parties will customize systematic development solutions covering the entire automotive oil product chain, including thermal management and specialty oils, to enhance vehicle competitiveness through a comprehensi...

News  Updated at: 2025/10/22

long-distance routes and 30 P320 trucks equipped with a unique swap-body system for urban distribution. The vehicles’ connectivity, driver-assistance systems, and Euro 6 engines aim to optimize fuel use while minimizing environmental impact. Supported by Scania’s nationwide service network, the agreement also includes parts supply, training, and maintenance contracts focused on uptime. (Multiple sources on October 16, 2025)...

News  Updated at: 2025/10/22

FAW Jiefang, LGMG forge strategic partnership On October 19, FAW Jiefang announced the recent signing of a strategic cooperation agreement with Linyi Lingong Machinery Group (LGMG) in Wuxi. Under the agreement, the two parties will continuously strengthen cooperation in key areas such as products, markets, and intelligent manufacturing, and will jointly explore the Chinese market and foreign markets. Going forward, they will launch in-depth colla...

News  Updated at: 2025/10/21

hassis, as well as a 10% tariff on imported buses (school, transit, and motor coaches), while extending a key tariff reprieve for U.S. auto manufacturers. The 25% tariff applies to the full value of trucks that do not qualifying under USMCA rules. For trucks qualifying under the present USMCA trade agreement, the tariff applies only to the non-U.S. content. USMCA-compliant truck parts will be exempt for now until a tariff process for non-U.S. con...

News  Updated at: 2025/10/21

ams OSRAM and Nichia sign broad patent cross-license agreement for LED and laser components ams-OSRAM AG (ams OSRAM) has signed a comprehensive cross-license agreement with Nichia Corporation (Nichia), covering thousands of patent-protected innovations in LED and laser technologies. The agreement grants both companies mutual access to each other’s patents for nitride LED and laser components and, for the first time, covers advanced LED packages...

News  Updated at: 2025/10/20

Hino announces share exchange agreement regarding business integration with Mitsubishi Fuso On October 20, Hino Motors Ltd. (hereafter “Hino”) announced that, at its Board of Directors meeting held on the same day, the Board of Directors has passed a resolution to execute a share exchange agreement regarding the business Integration with Mitsubishi Fuso Truck and Bus (hereafter “Mitsubishi Fuso”). Under the agreement, ARCHION Corporation,...

News  Updated at: 2025/10/20

Qianli Technology, Chengdu City to co-build Robotaxi operating service system On October 16, Chongqing Qianli Technology Co., Ltd. (Qianli Technology) announced the recent signing of a strategic cooperation agreement with the People’s Government of Chengdu Municipality. With AI technology at the core, Qianli Technology is committed to building a complete system from technology R&D and product design to operating services to accelerate the deplo...

News  Updated at: 2025/10/20

ts that also formally implement tariffs on imported trucks. Trump earlier in 2025 imposed a 25% tariff on fully built vehicles. His separate tariffs on Canada and Mexico already contain a carveout for vehicles with enough domestic content to meet requirements under the existing North American trade agreement. (multiple sources on October 16, 2025)...

News  Updated at: 2025/10/18

ent of over USD 1 billion. The suspension of the second phase of the Ultium CAM plant also disturbed plans for a nickel sulfate plant in Bécancour, as Vale Base Metals also announced on October 16 it had cancelled plans for a CAD 325 million feedstock plant. In late 2022, GM signed a nickel supply agreement with Vale Base Metals, which proceeded through numerous planning steps, but had not started construction. Since GM “will not need nickel s...

News  Updated at: 2025/10/18

of the vehicle tax exemption for purely electric vehicles has now been approved by the Cabinet. Müller stated it's crucial that the extension is approved as planned before the end of this year – so that the tax exemption can continue seamlessly and the planning security promised in the coalition agreement is guaranteed. Based on press release from VDA...

News  Updated at: 2025/10/17

Terranet, Sweden, signs evaluation agreement for BlincVision with autonomous vehicle industry company On October 16, Terranet announced that it has signed an evaluation agreement with a company active in the autonomous vehicle industry. As part of the agreement, BlincVision will be tested in demanding environments and under various weather conditions.  The partner develops an autonomous platform that can be integrated into existing vehicles, ena...

News  Updated at: 2025/10/17

DFMC partners with CEXIM to accelerate development of markets outside of China On October 15, Dongfeng Motor Corporation (DFMC) signed a strategic cooperation agreement with The Export-Import Bank of China (CEXIM) in Wuhan. CEXIM will provide all-round financial support for DFMC in terms of future strategic plans, investment outside of China, major projects, and industrial upgrading to inject strong momentum into technological transformation acce...

News  Updated at: 2025/10/17

CCAG, JD forge strategic partnership On October 15, China Changan Automobile Group Co., Ltd. (CCAG) signed a strategic cooperation agreement with JD.com, Inc. (JD) in Beijing to explore the establishment of intelligent hardware and operating systems for urban logistics vehicles and work on the design, development, and production of intelligent driverless New Energy Vehicles. CCAG’s Avatr, Deepal, Nevo, Changan Auto (Chongqing Changan Automobile...

News  Updated at: 2025/10/17

s, Argentina. The fleet includes 50 170S28 buses, 17 170G21 models equipped with ramps for reduced-mobility passengers, and 10 10-190 units with wheelchair access. The CNG buses will be the first to operate in Paraná, representing a milestone in the city’s transition toward cleaner mobility. The agreement, carried out in partnership with the official dealer Overbus, is part of a public tender aimed at modernizing the city’s public transport ...

News  Updated at: 2025/10/17

SAIC Motor Malaysia partners with EPMB for MG CKD production in Melaka Announced on October 15, 2025, SAIC Motor Malaysia has signed a vehicle production agreement with EP Manufacturing (EPMB) to assemble MG vehicles locally, including both combustion and electric models, at its Pegoh, Melaka plant. CKD assembly is set to begin in Q1 2026. The initiative is expected to make vehicles more affordable, boost local content, and reduce waiting times f...

News  Updated at: 2025/10/16