BorgWarner secures eHeater contracts for hybrids with two global OEMs On July 31, BorgWarner announced it  has secured contracts with two major, global OEMs to supply high-voltage coolant heater (HVCH) technology for plug-in hybrid electric vehicle (PHEV) platforms. One of the wins marks BorgWarner’s first eHeater for a hybrid program with the respective legacy automaker, expanding its existing business. The 400V technology is planned to be us...

News  Updated at: 2025/08/01

Magna advances vehicle safety with integrated interior sensing systems On July 29, Magna highlighted its innovative and comprehensive interior sensing systems, designed to protect occupants and enhance the driving experience. Over the last 18 months, Magna’s interior sensing systems have either been awarded contracts or begun production on five OEM programs across North America, Europe and Asia. A key interior sensing solution is Magna's Child ...

News  Updated at: 2025/07/31

po Bursátil Mexicano noted that USMCA compliance has allowed Nemak’s clients to gain market share, which has contributed to the company’s strong regional volume performance. Nemak also expressed optimism about its presence in other markets, particularly China, where it anticipates securing new contracts with OEMs in the near term. (Multiple sources on July 18, 2025)...

News  Updated at: 2025/07/18

nd information screens. The design prioritizes accessibility with a low floor and sliding tram-style door. These vehicles will be delivered in two phases: 83 units in early 2026 and 44 more starting in early 2027, for deployment in the Liège and Namur regions. This new agreement builds on previous contracts signed in 2023 and reflects OTW’s confidence in IVECO’s solutions for suburban passenger transport. (IVECO Bus on July 17, 2025)...

News  Updated at: 2025/07/18

Billion Electric Mobility, secures 250+ long-term EV Truck contract across India On July 15, Billion Electric Mobility (BillionE) announced that it has secured over 250 long-term electric truck contracts with enterprise clients across India. The contracts cover deployment of medium- and heavy-duty electric trucks ranging from 12 to 55 tonnes gross vehicle weight (GVW), catering to multiple sectors. The deployments are underway across South, West,...

News  Updated at: 2025/07/16

Motors, announced 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 thei...

News  Updated at: 2025/07/12

s. The bloc has also prepared an additional list of tariffs on EUR 95 billion of U.S. products targeting industrial goods such as Boeing aircraft, U.S.-made cars, and bourbon. The EU is also consulting member states to identify strategic areas such as export controls and restrictions on procurement contracts. (multiple sources on July 8, 2025)...

News  Updated at: 2025/07/09

ms. The company provided updates on its progress across three key product verticals. In the Digital Clusters & Sensors segment, throttle and sensor systems are scheduled to go live for one ICE and three EV two-wheeler models, as well as the first EV three-wheeler. Suprajit has secured sensor supply contracts with two U.S.-based off-highway OEMs and two digital cluster export contracts from a major U.S. OEM. In India, the company will launch its f...

News  Updated at: 2025/06/26

for the Protection of Populations (DDPP) had uncovered several violations and consumer law breaches by TESLA FRANCE. The company was investigated following multiple complaints submitted via SignalConso in 2023 and was found to have committed several consumer law violations. These included: Sales contracts missing key details such as delivery date, time frame, location, and information on credit-based payments. Requesting payments from consumer...

News  Updated at: 2025/06/25

ard the company's operations and strategic importance in the national automotive sector. Meanwhile, labor unions, including FIOM-CGIL, have raised concerns about the heavy dependence of Marelli’s plants, particularly those in Melfi, Sulmona, Bari, and Caivano, on Stellantis. The assignment of new contracts or clarification of agreed supply volumes will be crucial to safeguarding the future of these factories. (From FIOM-CGIL union and MIMIT pr...

News  Updated at: 2025/06/20

ent will fund it with GBP 381 million Local Electric Vehicle Infrastructure (LEVI) Fund. The government is investing GBP 4 billion to support the industry and consumers' switch to EVs while securing global trade deals to back British carmakers. Local authorities across England are set to enter into contracts with chargepoint operators, making it easier for everyone to switch to EVs. Based on press release from the UK Government...

News  Updated at: 2025/06/13

led business review. The proposal includes consolidating bus body manufacturing at a single site in Scarborough, England, while discontinuing operations at its Falkirk, Scotland, facility and closing the site. Additionally, production lines at Larbert would be suspended after completing the current contracts. This proposed structure will lower overall costs, deliver clearer responsibilities, and increase efficiency by removing duplicate functions...

News  Updated at: 2025/06/12

spite union opposition. The offer includes seven months of salary, a Chevrolet Onix Hatch 1.0-liter or BRL 85,000, and 24 months of medical coverage or BRL 48,000 in cash. If 520 non-injured workers hired before March 2019 accept by June 9, the PDV will be extended to injured workers, and temporary contracts will be renewed for one year. The union pledged to ensure all agreements are voluntary and continues to advocate for job stability and broad...

News  Updated at: 2025/06/07

re lithium iron phosphate (LFP)-based ESS batteries on one or two of its many production lines, sources said.  If customer demand exceeds this capacity, LGES plans to manufacture them at plants with surplus capacity operated by its joint ventures with other OEMs, including Stellantis, by modifying contracts to allow third-party sales.  LGES is working to complete five of the planned eight lines in the near term. It plans to expand the capacity ...

News  Updated at: 2025/06/07

Trump lashes out against Musk, threatens to cut his companies’ government contracts On June 5, President Trump lashed out against Tesla CEO Elon Musk, saying he was “disappointed” by the billionaire’s public opposition to the sweeping tax-cut and spending bill that is at the heart of Trump’s agenda. Musk has been actively urging Senate Republicans to “kill the bill,” which comprises a wide range of Trump’s domestic agenda because ...

News  Updated at: 2025/06/06

eive 40% of their salary multiplied by the number of years until age 55 or their minimum retirement eligibility via the "Meu INSS" app. GM aims for 520 participants in this initial phase by June 9. If the goal is met, a second PDV will open for employees with B94 retirement approval, and fixed-term contracts will be extended by one year. The company also proposed that workers waive job security clauses for injury protection in exchange for indivi...

News  Updated at: 2025/06/05

rs to conditions analogous to slavery during the construction of BYD’s plant in Camaçari, Bahia. According to the MPT, workers entered the country illegally and were crammed into overcrowded, unsanitary accomodations, with excessive work hours, passport retention, armed surveillance, and illegal contracts. The MPT seeks BRL 257 million in collective moral damages, individual compensation, payment of severance, and strict compliance with Brazil...

News  Updated at: 2025/05/31

olvo Trucks to acquire 2,000 heavy-duty vehicles, marking the largest single truck order in Europe for 2025. The order includes the latest Volvo FH and FH Aero models, with deliveries scheduled throughout 2025. The deal includes financing support from Volvo Financial Services and Volvo Blue service contracts to keep the trucks in top condition for daily operations. The trucks will also be equipped with Volvo’s advanced camera monitor system and...

News  Updated at: 2025/05/30

ch of the Nasr Automotive Company. The Minister stated that Nasr Automotive Manufacturing Company has been revived, beginning with the bus factory.  It currently produces 5 buses per week, meeting international standards and supplying them to several tourist transport companies as part of existing contracts. Additionally, there are ongoing projects to produce electric buses and minibusses, assemble electric batteries and chassis, and upgrade pas...

News  Updated at: 2025/05/28

ct to Chinese law, and “required to cooperate with state intelligence and security services,” the lawmakers wrote. BYD said in a brief statement on May 20 that it had not received the letter and could not comment. The information the committee has asked BYD to produce include a list of all U.S. contracts, grants, financing, tax incentives and subcontracts awarded to BYD and RIDE since 2018 at the federal, state and local levels.  It also ask...

News  Updated at: 2025/05/23