The investment will be made through a private investment in public equity (PIPE) arrangement. Under the terms of the agreement, Polestar will issue 190,476,190 new Class A American Depositary Shares (ADS) at a price of USD 1.05 per share, resulting in total proceeds of USD 200 million. Prior to the transaction’s closing, PSD Investment plans to convert 20 million of its Class B ADS into Class A ADS to ensure its total voting power remains below...

News  Updated at: 2025/06/17

pulsion solutions, for approximately USD 2.7 billion.  The acquisition, now approved by both companies' Boards of Directors, aligns with Allison's strategic priorities to expand its emerging markets footprint, enhance core technologies and deliver strong financial results.  Upon completion of the transaction, expected to be in Q4 2025, Allison will be able to offer a wider range of commercial-duty powertrain and industrial solutions to more cus...

News  Updated at: 2025/06/13

ehicles and trucks. As part of the transfer process, Hino will establish a new company as a wholly owned subsidiary of Hino and transfer the Hamura Plant to the new company. Then, Hino will transfer all shares of the new company held by Hino to Toyota for the transfer price of JPY 150 billion. This transaction is scheduled for April 1, 2026. The new representative will be Mr. Koreatsu Aoki, who was seconded from Toyota to Hino on June 10 and appo...

News  Updated at: 2025/06/11

tural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors primarily for the commercial vehicle, industrial, and off-highway markets. Under the terms of the agreement, PHINIA will pay USD 47 million (SEK 452 million) for the acquisition of SEM. The transaction is expected to close in Q3 2025. PHINIA expects the acquisition to enhance PHINIA's product portfolio and strategy, enabling the company t...

News  Updated at: 2025/06/11

launch SuperDrive-enabled autonomous trucks in 2027, starting in the U.S. and then expanding operations into Europe. The merger is expected to close in the fourth quarter of 2025 following customary closing conditions, including approval by both Churchill IX shareholders and Plus shareholders. The transaction is expected to provide up to USD 300 million in proceeds to help fund Plus through the commercial launch of autonomous trucks in 2027. The...

News  Updated at: 2025/06/07

ca and serving the automotive aftermarket as well as the consumer and industrial end markets.  Gemspring will pay Goodyear cash proceeds of approximately USD 650 million for Goodyear Chemical facilities in Houston and Beaumont, Texas, and a related research office in Akron, Ohio. Additionally, the transaction provides for a long-term supply agreement. Goodyear will retain its Chemical facilities in Niagara Falls, New York, and Bayport, Texas. Th...

News  Updated at: 2025/05/24

AIHBV holds a 49.9% stake in its associate, i.e., Pierer Bajaj AG (PBAG) in Austria. PBAG holds over 75% stake in its listed subsidiary, Pierer Mobility AG (PMAG). PMAG is the holding company of KTM AG (KTM Business). Bajaj effectively holds 37.5% in PMAG/KTM, through the above chain, prior to this transaction.  Bajaj is moving from being a small investor to becoming the majority owner of KTM globally. Bajaj will keep growing KTM’s business in...

News  Updated at: 2025/05/23

IONITY, Germany secures EUR 600 million in funding for charging infrastructure On May 15, IONITY secured a financing of up to EUR 600 million, including EUR 450 million in committed green loan facilities and a so-called accordion facility with the option to increase the credit line by up to EUR 150 million later for future growth. This loan transaction was provided by nine leading international commercial banks. IONITY will invest the new capital...

News  Updated at: 2025/05/19

the full purchase consideration of approximately. INR 75 million for the acquisition of the remaining 38.50% equity stake in Maxwell Energy Systems Private Limited (Maxwell). This payment was made by the terms of the share purchase agreement (SPA) executed with the minority shareholders. With this transaction, Maxwell has become a wholly owned subsidiary of the company. This acquisition follows the company’s earlier announcement dated May 8, 2...

News  Updated at: 2025/05/19

Himadri Speciality Chemical, India invests AUD 4.17 million in Sicona Battery Technologies, Australia On May 17, Himadri Speciality Chemical Limited announced an investment of AUD 4.17 million in Sicona Battery Technologies Pty Ltd. This transaction marks the first tranche of a larger investment commitment. The announcement follows the company’s disclosure dated May 13, 2025, wherein it has approved a total investment of AUD 15 million in Sicon...

News  Updated at: 2025/05/19

ia) from its existing shareholder, IACG Holdings LUX SARL (IAC Lux). The acquisition will be executed through a share purchase agreement involving Lumax Auto Technologies, IAC India, IAC Lux, and International Automotive Components Group North America Inc. (IAC NA). Following the completion of this transaction, IAC India will become a wholly owned material subsidiary of Lumax Auto Technologies. The equity value for the 25% stake has been estimate...

News  Updated at: 2025/05/19

Autoneum acquires Chengdu FAW-Sihuan Interior Parts, China Autoneum Holding Ltd. (Autoneum) has signed an agreement to acquire all shares of Chengdu FAW-Sihuan Interior Parts Co., Ltd., a Chinese automotive supplier of acoustic and thermal management components, for around CHF 16 million. The transaction is expected to close in July 2025. Established in 2011, Chengdu FAW-Sihuan Group operates 4 production facilities with around 240 employees, loc...

News  Updated at: 2025/05/19

Tuopu Group completes acquisition of Changpeng Auto Ningbo Tuopu Group Co., Ltd. (Tuopu Group) completed the delivery of and corporate registration information amendments to its acquisition of 100% equity in Wuhu Changpeng Auto Parts Co., Ltd. (Changpeng Auto). The acquisition, at a total transaction value of CNY 330 million, is expected to increase Tuopu Group’s future sales by CNY 1.5-2 billion, further expanding the market share of its inter...

News  Updated at: 2025/05/19

European Commission clears acquisition of Covestro by ADNOC On May 13, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Covestro AG of Germany by Abu Dhabi National Oil Company P.J.S.C. (‘ADNOC') of the UAE. The transaction relates primarily to the supply of chemicals and high-performance polymer materials, and solutions. The market investigation confirmed that ADNOC and Covestro mainly operat...

News  Updated at: 2025/05/14

Sodecia, Portugal acquires 30% of stakes in Huf Huf has concluded its previously announced partnership with Sodecia, which has acquired an initial 30% stake in the company and will gradually increase the shares. Huf will continue to operate as a stand-alone entity responsible for “Access & authorization” and under the familiar name. Its headquarters will remain in Velbert, Germany. This transaction enables Huf to strengthen its financial fou...

News  Updated at: 2025/05/14

NS&C turned profitable on a consolidated basis for the fiscal year ended March 31, 2025. Conversely, the business environment surrounding the automotive parts industry has changed dramatically in recent years, requiring even more agile responses. Therefore, NSK has decided to move forward with the transaction. After the transaction, NS&C will continue to be maintained as a stand-alone company within the NSK Group and will work to further strengt...

News  Updated at: 2025/05/14

lected USD 2,000 deposits on. In early May, Tesla began informing Cybertruck owners via email that: “We are no longer planning to sell the Range Extender for Cybertruck. As a result, we will be refunding your deposit in full. The amount will be returned to the original payment method used for the transaction.” The extender was a removable battery pack that would have been installed in the bed of the Cybertruck at a company service center, and...

News  Updated at: 2025/05/10

ual property and inventory, to Sumitomo Rubber Industries, Ltd. (Sumitomo Rubber). Gross cash proceeds at closing totaled USD 735 million, comprised of USD 526 million for the Dunlop brand, USD 105 million for a transition support fee and USD 104 million for inventory.  Goodyear intends to use the transaction proceeds to reduce leverage in connection with the Goodyear Forward transformation plan. (Goodyear Tire release on May 7, 2025)...

News  Updated at: 2025/05/09

EU clears acquisition of Huf by Huf Holding and SODECIA, Portugal The European Commission has approved the acquisition of joint control of Huf Hülsbeck & Fürst GmbH & Co. KG and Huf Industrieverwaltung GmbH by Huf Holding GmbH & Co. KG and Sodecia Participações Sociais, S.G.P.S., S.A., under the EU Merger Regulation. The transaction relates to the development and production of motor vehicle parts. The Commission concluded that the notified tr...

News  Updated at: 2025/05/06

Samvardhana Motherson, India completes acquisition of Baldi Automotive, Brazil On May 3, Samvardhana Motherson International Limited announced that its wholly owned subsidiary, Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.), has completed the acquisition of Baldi Industria E Comercio Ltda. On May 2, 2025. The transaction was executed through SMP Automotive Produtos Automotivos Do Brasil Ltda. (“SMP Brasil”), a 100% subsidiary...

News  Updated at: 2025/05/05