Blink Charging and Axxeltrova Capital partner to support charging infrastructure in UK On July 14, Blink Charging Co. announced that on June 20, 2025, it had entered a non-binding term sheet concerning its previously proposed GBP 100 million Special Purpose Vehicle (SPV) with private equity firm Axxeltrova to support growth in EV charging development across the UK through the Local Electric Vehicle Infrastructure (LEVI) program. The SPV will faci...

News  Updated at: 2025/07/15

arts supplier that has filed for the Chapter 11 of the U.S. bankruptcy law (equivalent to Japanese Civil Rehabilitation Act), stated that it will strongly support Marelli’s financial restructuring plan. The consortium stated, “The restructuring plan will dramatically improve Marelli’s balance sheet, strengthen the fluidity, and support sustainable business restructuring. We are looking forward to collaborating with Marelli in this important...

News  Updated at: 2025/06/23

Euro Manganese, Canada signs offtake deal with Integrals Power, UK to boost battery supply chain On June 18, Euro Manganese Inc., a battery materials company, entered an offtake term sheet with Integrals Power Limited (IPL), a next-generation battery nano-materials company, for the sale of high-purity manganese sulphate from the Chvaletice Manganese Project in the Czech Republic. In the partnership, Euro Manganese and IPL will work together to us...

News  Updated at: 2025/06/20

e facilities such as plants and warehouses, and then to private houses and automotive bodies in the future. Compared to conventional solar cells, perovskite solar cells are lighter, can be folded, and are subject to less resource constraints. Aisin’s perovskite solar cells, which use a thin glass sheet, are excellent in durability and lightness, and can be installed on walls as well as roofs. The company started a demonstration test at its Anjo...

News  Updated at: 2025/06/17

upport the renovation of Antam’s precious metal facilities in East Java and the completion of the Smelter Grade Alumina Refinery (SGAR) project in West Kalimantan. The state-owned company remains optimistic about its financial strength, noting that it currently carries no bank debt on its balance sheet. (From an article of Republika on June 12, 2025 and multiple sources)...

News  Updated at: 2025/06/17

Marelli files Chapter 11 bankruptcy in U.S. to restructure financial position Marelli Corporation (Marelli) has voluntarily filed for chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to comprehensively restructure its long-term debt. Approximately 80% of the company’s lenders have signed a Restructuring Support Agreement (RSA) to deleverage its balance sheet and strengthen its liquidity. The company has also s...

News  Updated at: 2025/06/12

Thai steelmakers to merge for stability in automotive/other manufacturing industries Reported on May 28, 2025, Thai Coated Steel Sheet (TCS) and Thai Cold Rolled Steel Sheet (TCRSS) announced a planned merger, set to take effect on October 1, in response to ongoing global steel market volatility driven by U.S. trade tariffs and low-cost Chinese imports. The consolidation aims to enhance operational efficiency, improve product quality, and streng...

News  Updated at: 2025/05/29

& Marsal as the Monitor.•    Chapter 15 Filing: U.S. subsidiaries also filed for protection in New York under Chapter 15 to recognize the Canadian proceedings and halt legal actions in the U.S.•    DIP Financing: Li-Cycle secured a USD 10.5 million debtor-in-possession (DIP) financing term sheet with Glencore to fund ongoing operations, particularly in Germany, and support the restructuring process.•    Asset Sale Process: Li-Cycle w...

News  Updated at: 2025/05/17

TATA AutoComp, India and Katcon announce JV in Mexico for sheet moulded composite TATA AutoComp Systems Ltd and Katcon announced a new joint venture in Mexico to manufacture Sheet Moulded Composites (SMC), with a focus on serving the North American market. The venture will specialize in lightweight applications for commercial vehicles, agricultural tractors, off-road vehicles, and specialized non-automotive segments.  In this new venture, Tata A...

News  Updated at: 2025/05/15

ructure to achieve a surplus in the first three years of the plan. As set in the new mid-term business plan, the company aims to improve profitability by strengthening profit-generating capability, invest in promising fields and pay shareholder dividends, and implement asset control through balance sheet management and reduce interest bearing liabilities. Daido Metal will invest a total of JPY 17.5 billion by FY 2027 in the fields of ships, power...

News  Updated at: 2025/05/15

to a reciprocal rate of 10% on the first 100,000 vehicles imported into the U.S., with any additional vehicles each year subject to a 25% rate. That number is below the 101,000 automobiles exported to the U.S. in 2024, and can be seen as possibly setting a potential ceiling on exports. The U.S fact sheet says that the United States has negotiated an alternative arrangement to the Section 232 tariffs on steel and aluminum. The 25% steel tariff on ...

News  Updated at: 2025/05/09

se percentages reflect the duty that would be owed when a 25% duty is applied to 15% of the value of a U.S.-assembled automobile in the first year, and to 10% of the value of a U.S.-assembled automobile in the second year. All other automobile imports will still be subject to the 25% tariff. A Fact Sheet supplied by the government says “For instance, if a manufacturer builds a car in the U.S. that has 85% U.S. or USMCA content, the manufacturer...

News  Updated at: 2025/05/01

mill project in Louisiana, the U.S. This joint business will allow Posco to establish a flexible global production and sales structure and secure smooth supply to its customers in the U.S. and Mexico. Posco currently operates steel processing centers in North America, including an automotive steel sheet plant in Mexico (Posco-Mexico), and has a solid customer base with automakers. The two groups will also cooperate in the secondary battery mater...

News  Updated at: 2025/04/24

ngine that powers the rest of the Tiguan range. The engine makes 268 hp at 5500 rpm, an increase of 67 hp over the other models, while torque increases from 207 lb-ft to 258 lb-ft, delivered between 1900 and 5400 rpm. The new-for-2025 Tiguan was fully redesigned on the MQB evo platform with all-new sheet metal that features a shorter rear overhang and higher, more powerful nose than the second-generation Tiguan. The Tiguan is offered exclusively ...

News  Updated at: 2025/04/18

were installed and 29 new AGVs ( Automatically Guided Vehicles ) were brought in to now total 202 units of the self-guided robots. The Resende Industrial Complex consists of a vehicle assembly plant and an engine plant. It has within its facilities everything from stamping to test tracks, including sheet metal, painting, plastic injection, assembly and quality inspection. The complex has over 3,000 employees at the complex, including 2,200 Nissan...

News  Updated at: 2025/04/18

Falcon, UAE partners with Shanshan, China for anode production facility in Morocco On April 15, Falcon Energy Materials plc and Shanghai Shanshan New Material Co., LTD signed a term sheet for a strategic partnership to develop the customer base for Falcon’s coated spherical purified graphite (CSPG) anode production facility in Morocco.  Hensen Graphite & Carbon Corporation will provide technical support to develop the Anode Plant. Hensen and F...

News  Updated at: 2025/04/16

CNTs). DENSO is one of Canatu’s largest shareholders. This JDA builds on the MoU signed by Canatu and DENSO last year for enhancing CNT performance, developing advanced reactors, and enabling practical applications like ADAS cameras and full windshield heaters. The JDA’s goal is to optimize the sheet resistance-to-transmittance ratio of CNTs, aiming for high electrical conductivity without compromising light transmittance.  The value of the ...

News  Updated at: 2025/04/16

nuously variable voltage boosting technology, with 50% higher power density and 2% higher efficiency. The SGMW proprietary high-efficiency all-domain oil cooling technology improves heat exchange efficiency by 30% to further increase the continuous power of the electric drive. The new silicon steel sheet structure and the hollow rotor shaft allow for higher motor speed. At the event, Baojun started accepting pre-orders for the Xiangjing, its firs...

News  Updated at: 2025/04/11

s become terminated, USMCA compliant goods would continue to receive preferential treatment, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff. The across-the-board tariffs of 25% on aluminum and steel imports from all countries went into effect March 12. (White House Fact Sheet on March 26, 2025) (White House Fact Sheet on April 2, 2025)(Federal Register on March 26, 2025) (Annex list of country tariffs) (USTR calculati...

News  Updated at: 2025/04/09

VARTA, Germany secures future investments with fresh liquidity On April 1, VARTA AG announced that it had completed its balance sheet restructuring and strategic realignment. Dr. Michael Tojner and Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche”) are new indirect shareholders of the company. Following the cash and non-cash capital increase in the amount of EUR 60 million and the provision of new financing for EUR 60 million, its liquid...

News  Updated at: 2025/04/07