SKF India to expand capacity at Haridwar, Bangalore, and Pune facilities On June 30, in an investor update, SKF India Limited outlined its capacity expansion plans across three key manufacturing locations: Haridwar, Bangalore, and Pune. The planned investments aim to meet increasing demand for specialized bearing products used in internal combustion engine (ICE) and electric vehicle (EV) applications. The Haridwar and Bangalore plants will focus ...

News  Updated at: 2025/07/01

Gabriel India announces restructuring to consolidate business operations On June 30, Gabriel India Limited announced that its board of directors has approved a composite scheme of arrangement that will bring automotive businesses from Asia Investments Private Limited (AIPL) and Anchemco India Private Limited under its umbrella. The transaction includes the amalgamation of Anchemco into AIPL and the demerger of AIPL’s automotive undertaking into...

News  Updated at: 2025/07/01

Philippines‘ DTI projects 680,000 jobs, PHP 11.4 trillion economic output under new EV Incentive Strategy Announced on June 23, 2025, the Philippines’ Department of Trade and Industry (DTI) projects that its newly approved Electric Vehicle Incentive Strategy (EVIS) could create around 680,000 jobs and attract PHP 120 billion in capital investments, generating PHP 11.4 trillion in economic output.  The strategy, awaiting approval by the Fisca...

News  Updated at: 2025/06/25

MHI) announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). The application portal will be open for applications from June 24, 2025, and will remain open until October 21, 2025. The Scheme shall help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The approved applicants will be allowed to i...

News  Updated at: 2025/06/24

of Chinese brands, which excel in producing battery-powered vehicles that the Norwegian market has embraced. No BEVs? No problem. In Spain, Turkey, and the UK, each reporting a Chinese brand share exceeding 7%, the landscape is equally promising. Notably, Spain and Turkey have attracted substantial investments from Chinese manufacturers, which are establishing local production facilities and revitalizing legacy brands such as Ebro to cater to loc...

News  Updated at: 2025/06/23

production and value-added processes to maintain Thailand’s status as the ASEAN automotive hub. The Minister assigned the Thailand Automotive Institute (TAI) to coordinate technical assessments and investment strategies. The government aims to offer broad and equitable incentives to attract such investments and ensure a smooth transition toward next-generation vehicles. (From the Royal Thai Government release dated June 17, 2025)...

News  Updated at: 2025/06/20

ed to generate about EUR 100 million of revenues in 2025 and employs around 400 people. The deal is part of the Automotive group sector’s strategy to further consolidate its European manufacturing footprint and strengthen its focus on core business. It enables the group to better allocate R&D and investments with its product strategy and future technologies, such as electric braking or integrated friction solutions. Mutares will take over all e...

News  Updated at: 2025/06/19

ine support to improve in-store experience." The company defined four priority measures which will steadily promote the realization of these three pillars. The four priority measures are as follows: Sales Network Reform: Ten cities are selected as priority markets, including Tokyo and Osaka, where investments will be made intensively to develop new-generation stores. Execute marketing investments focusing on Mazda brand Development of mechanism/...

News  Updated at: 2025/06/19

ue a Golden Share to the U.S. Government with certain certain rights of oversight and approval. Under the NSA, the U.S. Government and the companies have agreed to measures to protect U.S. national security, including: •    Investment - Nippon Steel will make approximately USD 11 billion in new investments in U. S. Steel by 2028, which includes an initial investment in a greenfield project that will be completed after 2028•    U.S. Headqu...

News  Updated at: 2025/06/19

cy Court during a meeting with trade unions on June 12, 2025. This is part of a financial restructuring agreement backed by approximately 80% of Marelli’s creditors. The company stressed that this process is purely financial and will not affect production activities, employment levels, or ongoing investments in Italy or abroad. Unless better offers from third parties emerge, Marelli’s ownership will transfer to the SVP fund, Marelli's current...

News  Updated at: 2025/06/16

Philippines’ DTI approves BOI’s EV Incentive Strategy, seeks FIRB approval in July On June 11, 2025, the Philippines’ Department of Trade and Industry (DTI) approved the Board of Investments’ draft Electric Vehicle Incentive Strategy (EVIS), which will be submitted to the Fiscal Incentives Review Board (FIRB) on June 13, with approval expected in July. Part of the Comprehensive Roadmap for the EV Industry, the EVIS aims to narrow the cost...

News  Updated at: 2025/06/13

Trump may soon hike auto tariffs further for more U.S. production On June 12, U.S. President Trump warned he may soon hike auto tariffs further, arguing that could push OEMs to speed U.S. investments. "I might go up with that tariff in the not too distant future," Trump said at a White House event. "The higher you go, the more likely it is they build a plant here." OEMs, in the meantime, have been pressing the White House to reduce the 25% tariff...

News  Updated at: 2025/06/13

il 2025 that it would close its plant in Chengdu, China, by 2025 and shift production to other facilities within China. This is part of efforts to optimize the company’s global production network. The decision was driven by several factors, including optimal utilization of existing capacities and investments, customer structure and supply chain considerations, and political conditions. (From a press release dated June 11, 2025)...

News  Updated at: 2025/06/12

mic production volumes of 1.99 mn units recorded in 2019. While short-term indicators present a mixed outlook, the automotive sector in Thailand possesses several strengths. Strategic policy support, particularly for Electric and Hybrid Vehicles (xEVs), a recovery in key export markets, and ongoing investments in next-generation vehicle technologies are expected to stabilize the sector. These factors could facilitate a return to growth in the med...

News  Updated at: 2025/06/12

Orion was originally slated to produce EV trucks after retooling. Fairfax Assembly will support production of the ICE-powered Chevrolet Equinox beginning in mid-2027. Fairfax remains on track to begin building the 2027 Chevrolet Bolt EV by the end of 2025. Fairfax is expected to receive new future investments for GM’s next-gen affordable EVs. Spring Hill Manufacturing will add production of the ICE-powered Chevrolet Blazer, starting in 2027, a...

News  Updated at: 2025/06/12

VW Kassel plant employees urge clarity on investments and job security amidst uncertainty On June 4, VW announced that around 6,500 employees attended a meeting at the VW Kassel plant in Germany. The works council clearly stated their views and what they expect from VW's leadership, especially given the current economic and political challenges. The main topics were the challenges of the company's transformation, the need for long-term investment...

News  Updated at: 2025/06/10

BOI actively propels Thailand’s role as ASEAN’s auto and electrified vehicle hub Announced on June 9, 2025, the Board of Investment (BOI) is actively driving investments to maintain Thailand’s position as ASEAN’s top automotive hub amid global shifts. The focus includes all electrified vehicle technologies (HEV, PHEV, REEV, BEV) and collaboration with key agencies. Global automakers like BYD, MG, GWM, Changan, and Hyundai have set up regi...

News  Updated at: 2025/06/10

h as the installation of interior components or fitting of tires to the United States. The spokesperson for Porsche affirmed that no such plans were in place. Blume said a week ago that he has been in discussions with Washington to expand the Volkswagen Group's presence in the U.S. through "massive investments", but declined to provide details, citing confidentiality. The Audi brand plans to produce some models in the U.S. and will announce a loc...

News  Updated at: 2025/06/10

UK Government unveils GBP 15.6 billion local transport investment across city regions On June 4, the UK government announced the first major investments from its Spending Review, with GBP 15.6 billion going to local transport projects across England’s city regions, including South Yorkshire, the North East, East Midlands, and Tees Valley. This funding, which more than doubles current capital spending by 2029/30, will help local leaders improve ...

News  Updated at: 2025/06/09

ure Arm automotive SoCs By aligning STRADVISION SVNet with virtual ZENA CSS paltform, car makers can start developing and testing software much earlier, which speeds up production and allows for easy updates and scaling. Stradvision’s support for Arm architecture ensures portability and long-term investments, enabling automakers to easily use its advanced perception software across various hardware generations, from entry-level ADAS to advanced...

News  Updated at: 2025/06/06