f BMW’s signature grille and twin headlights, while the rear has sleek horizontal lights. It uses the latest sixth-generation BMW eDrive technology, an 800V technology, and advanced cylindrical lithium-ion battery with high energy density employing CTP (cell to pack) technology, leading to weight reduction and cost savings, along with new digital systems such as Panoramic iDrive (the latest generation of BMW's display and operating concept, inc...

News  Updated at: 2026/03/18

engine blocks, particularly cast-in liners featuring a proprietary structure with protrusions on the outer circumference, represent a unique, “only-one” technology in which TPR holds the world’s top market share. The company aims to further strengthen profitability through increased sales and cost reductions. In piston rings, TPR operates as one of the four major global groups alongside NPR-Riken Corporation (NPR-Riken), MAHLE GmbH (MAHLE),...

News  Updated at: 2026/03/18

Elkem, Norway, announces cost reduction measures, to impact by conflict in Middle East On March 11, Elkem ASA announced that it is further strengthening its competitiveness and financial resilience by introducing a new corporate structure and reducing working capital and annual costs following the approval of the announced Silicones transaction. These cash optimising measures amount to NOK 1.3 billion, in addition to permanent cost reductions wit...

News  Updated at: 2026/03/13

Volkswagen Group annual conference 2026 Q&A: Strengthening cost efficiency while navigating regulatory and global market changes On March 10, Volkswagen Group held the Annual Media, Analyst and Investor Conference. The event was presented by Mr. Oliver Blume CEO and Mr. Arno Antlitz CFO & COO. Main Q&As Q1. What specific cost cutting measures are you considering to meet the Vision 2030 targets? A. [Oliver Blume CEO] Over the past three years we h...

News  Updated at: 2026/03/12

European Council formally adopts European climate law On March 5, the European Council formally adopted the amended European climate law, introducing a binding intermediate climate target for 2040, of a 90% reduction in net greenhouse gas (GHG) emissions compared to 1990 levels. This adoption marks the final step in the legislative process. The amended regulation will enter into force 20 days after its publication in the Official Journal of the E...

News  Updated at: 2026/03/06

he parallel development of gasoline-powered and EV models, expand its advantages in New Energy Vehicle (NEV) models, and broaden export operations through global channels. GAC Honda will make up for the shortcomings in NEV lineups and intelligentization by adapting localized R&D outcomes to achieve cost reduction and efficiency gains. -          Continuously improve the competitiveness of independent brands: Leverage the IPD (Integrated ...

News  Updated at: 2026/03/02

ams-OSRAM launches AS5173 magnetic position sensor for next-generation chassis control ams-OSRAM AG has introduced the AS5173, a high-resolution magnetic position sensor developed for advanced chassis position sensing applications. Based on the AS5172 platform, the AS5173 incorporates a noise-reduction filter that enhances angle measurement resolution. It is intended for active damping systems, increasingly deployed in EVs to improve ride comfort...

News  Updated at: 2026/02/26

Renault 2025 financial presentation and Q&A: Resilient European momentum, cost headwinds, and disciplined capital strategy driving 2026 transition On February 19, Renault held the presentation for the 2025 financial results, attended by François Provost CEO and other executives. Main Q&As Sales trend in EuropeQ: Renault had sharp deterioration in the European commercial dynamic from November until January. Is this driven by Chinese OEMs gaining ...

News  Updated at: 2026/02/24

Toyota expanding range of support to its suppliers Toyota Motor Corporation (Toyota) is expanding the range of its activities to support its suppliers. While continuing cost reduction initiatives in the April-September 2026 (H1 FY2026) period, Toyota also will be working to support resolution of challenges such as labor shortages and digital transformation (DX). Chinese suppliers, which have started to build quality products that are cost competi...

News  Updated at: 2026/02/24

Microvision completes Luminar acquisition, plans business restoration, lidar cost reduction On February 3, MicroVision, Inc. completed the acquisition of certain assets from Luminar Technologies, Inc., including IP and inventory related to the Iris and Halo lidar sensors, key engineering and operations talent, and certain commercial contracts and orders, as a result of Luminar filing for Chapter 11 bankruptcy in December 2025.   MicroVision was ...

News  Updated at: 2026/02/24

,200 units. The ICON e: uses a detachable battery rather than a swappable one. The new Class 1 moped has already been released in Indonesia, Vietnam, and Pakistan. Honda has reduced the price of the new model by adopting parts made in China in addition to utilizing economies of scale. Through these cost reduction measures, the company has set the price of the ICON e: at a level similar to that of conventional gasoline powered Class 1 mopeds, targ...

News  Updated at: 2026/02/20

n intense domestic price war since the government withdrew the direct New Energy Vehicle (NEV) subsidy in 2023. Since then, the average vehicle price has fallen from $26,900 in January 2023 to a low of $21,300 in February 2025. While bullish discounting has supported volumes, it has come at a clear cost, with detrimental effects being seen by all OEMs in the market—falling prices and revenue have squeezed profitability across the industry, and ...

News  Updated at: 2026/02/18

GlobalData blog: Tariffs as a structural constraint: How US trade volatility is reshaping Hyundai and Kia’s production strategy Following the start of the Trump administration’s second term, the tariff landscape facing Korea’s automotive industry has once again entered a period of heightened volatility. Toward the end of 2025, Korea secured a temporary reduction in tariffs on Korean-made vehicles from 25% to 15%, contingent on bilateral neg...

News  Updated at: 2026/02/17

ams OSRAM launches new cost-cutting program, impacting around 2,000 jobs worldwide ams-OSRAM AG (ams OSRAM) has announced a new “Simplify” savings and transformation program aimed at reducing costs by additional EUR 200 million by 2028. The measure is expected to affect around 2,000 employees globally, roughly half of them in Europe, primarily in Germany. Restructuring costs are projected at approximately EUR 150 million, including severance ...

News  Updated at: 2026/02/12

re in this segment. Bajaj Auto also mentioned that it will begin fully consolidating the KTM business line‑by‑line from the next quarter after completing the KTM shareholding restructuring in November 2025, with 2026 priorities including liquidity, management changes, product portfolio review, cost reduction, and Bajaj–KTM synergies. Based on Bajaj Auto Limited Q3 FY '26 Results Conference Call...

News  Updated at: 2026/02/11

assembly plant in Chattanooga, Tennessee, a historic milestone for the union that had struggled to break into the South's fast-growing auto industry. The deal, which now goes to a vote by members, includes a 20% raise over the four-year contract, what union officials described as a 20% health care cost reduction for members, as well as long-term job security provisions for workers at the Chattanooga plant that currently builds the Atlas, Atlas C...

News  Updated at: 2026/02/06

enarios of 92%. This achievement has broken foreign technological monopoly, established an autonomous and controllable intelligent chassis technology system, promoted the in-depth integration of CV electrification and intelligentization, and provided the logistics industry with technical support in cost reduction and efficiency enhancement. From a DFLZM press release...

News  Updated at: 2026/02/03

ese efforts are helping us build the foundation needed to achieve integrated optimization of control systems for the electrified components we currently offer as we transition into the SDV era. Among the products we are targeting for market launch in 2027 and beyond is a drive motor with integrated reduction gear for compact electric vehicles, featuring an outer-rotor brushless motor paired with a drive unit. The motor has already entered mass pr...

News  Updated at: 2026/02/03

Nissan China granted AEO certificate by China Customs On January 23, Nissan Motor announced that Nissan China was recently granted an AEO (Authorized Economic Operator) certificate by the China Customs. AEO-certified companies deliver higher customs clearance efficiency, as they are entitled to preferential customs policies for effective reduction of operational costs. The certificate functions as an important credit endorsement for global market...

News  Updated at: 2026/01/30

ld-formed materials that resist cracking, the number of components increases and achieving a clean deformation becomes difficult. Based on these considerations, we developed gradient heat treatment technology. By progressively increasing strength from the edge (780MPa to 1.5GPa), we achieved an 11% reduction in penetration compared to conventional infrared heat treatment. We believe this is the world's first structural component featuring a conti...

News  Updated at: 2026/01/28