Vibracoustic chooses DXC Technology to drive global business transformation with SAP DXC Technology (DXC) announced a five-year IT services agreement with Vibracoustic SE (Vibracoustic), a group company of Freudenberg SE, to transform its SAP environment and modernize global IT operations. DXC will take responsibility for Vibracoustic’s global SAP Application Development and Management Services (ADMS) across 17 countries and over 30 manufacturi...

News  Updated at: 2025/05/27

Abdul Latif Jameel and Uber sign MoU to advance urban mobility in Saudi Arabia On May 26, Abdul Latif Jameel signed a Memorandum of Understanding (MoU) with Uber Technologies, Inc. to explore the development of a scalable, next-generation fleet operations platform across traditional ride-hailing and autonomous mobility. The MoU aims to help accelerate the transformation of urban mobility across Saudi Arabia, including through the deployment of Au...

News  Updated at: 2025/05/26

, 2025. Prior to the start of construction, Toyota held a groundbreaking ceremony on May 23. The company will open a new Tokyo Head Office in FY2030 (fiscal year ending March 2030) in a planned building located in front of Shinagawa Station. The new Tokyo Head Office will be a key base for Toyota's transformation into a mobility company and also serve as a center for collaborative creation with a diverse group of partners both inside and outside ...

News  Updated at: 2025/05/26

a long-term supply agreement. Goodyear will retain its Chemical facilities in Niagara Falls, New York, and Bayport, Texas. The transaction is expected to close by late 2025. Goodyear intends to use transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan. (Goodyear Tire & Rubber release on May 23, 2025)...

News  Updated at: 2025/05/24

NWTN announces AI industrial park project in Abu Dhabi, UAE On May 21, NWTN Inc. launched the "NWTN AI Industrial Park" (NAIP) Project. The project is in Khalifa Economic Zones Abu Dhabi (KEZAD), covering approximately 130,000 square meters, signaling the start of NWTN's transformation from a new energy vehicle manufacturer to a global intelligent technology producer and enabler. The NAIP project will feature two main zones: a Global Logistic Par...

News  Updated at: 2025/05/23

ill: establish an AI ecosystem and drive the development of related industries; build an AI data annotation site and cultivate data element professionals; create large model applications for areas such as government affairs, healthcare, education, industry, and transportation to empower the digital transformation of traditional industries; and explore cooperation in the field of unmanned driving and validate unmanned driving technology. (From a B...

News  Updated at: 2025/05/22

ergy networks and establish a closed-loop zero-carbon ecosystem across the entire battery lifecycle from manufacturing to use to recycling. This year, CATL aims to achieve carbon neutrality at all its factories. The company is actively developing technologies and solutions to support the New Energy transformation of traditional industries such as the steel, cement, and chemical industries. (From a CATL press release dated May 20, 2025)...

News  Updated at: 2025/05/22

ACEA pushes for AI based vehicle data framework to increase EU automotive innovation On May 19, the European Automobile Manufacturers’ Association (ACEA) announced that it is calling for stronger cooperation, standardisation, and an industry-led framework to improve access to vehicle data for artificial intelligence (AI). This move aims to support the digital transformation of Europe’s automotive sector and maintain its global competitiveness...

News  Updated at: 2025/05/20

BMW launches AI-powered tools to streamline global purchasing operations On May 19, BMW announced that it is increasing digitalization in its Purchasing and Supplier Network using generative AI. To make operations more efficient and future-ready, BMW is speeding up its digital transformation with help from its IT hub in Romania. The hub is becoming a key center for AI expertise, with a growing team developing advanced GenAI tools to improve inter...

News  Updated at: 2025/05/19

lysis helps detect cyber threats early, while digital process controls and connected systems improve productivity and quality. The “Shopfloor.Digital” program aims to unify production processes and IT systems across all 30 BMW plants. Landshut plays a central role in this cloud-based, AI-driven transformation. Digital lean management tools include digital process mapping, disruption tracking, and value stream management to enhance efficiency....

News  Updated at: 2025/05/16

EU to support automotive industry through Horizon Europe program On May 14, the European Commission announced that it is investing over EUR 7.3 billion through its newly adopted Horizon Europe work program for 2025 to strengthen Europe's research and innovation engine and global edge. For automotive research and innovation, the 2025 work program aims to support the transformation of the European automotive industry through research and innovation...

News  Updated at: 2025/05/16

tive, and geared up for the future. Both parties have reaffirmed their goal of avoiding redundancies for operational reasons. Key measures include reducing production capacity to a shipping level of between 8.7 and 9 million metric tons due to market conditions, and continuing the company’s green transformation with the construction of a direct reduction plant. The parties also agreed to avoid an immediate closure of the Eichen plant in Kreuzta...

News  Updated at: 2025/05/15

uarantees to unlock GBP 680 million in funding from major banks like Standard Chartered, HSBC, SMBC Group, Société Générale, and BBVA. An extra GBP 320 million has been raised from private investors and new equity from AESC. Apart from the GBP 1 billion investment, the Government’s Automotive Transformation Fund is also investing GBP 150 million in grant funding. Based on UK Government press release...

News  Updated at: 2025/05/12

meeting with the President of the Galician Regional Government at Stellantis' Turin headquarters. During the meeting, the President of Galicia presented the newly approved 2025–2027 Automotive Master Plan, which outlines key actions to support the region’s automotive sector through the current transformation in global mobility. The plan includes 67 measures to be implemented through 2027, covering the entire value chain—from parts supplier...

News  Updated at: 2025/05/09

). 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

GlobalData blog: Impressions from BAUMA 2025: Pioneering the future with Electrification, Decarbonisation, and Digital Transformation This year's exhibition emphasised the industry’s continued drive towards a cleaner, smarter, and more connected future. BAUMA 2025 is expected to have drawn over 600,000 visitors from over 200 countries. The event featured more than 3,600 exhibitors from 57 countries, showcasing innovations across 614,000 square ...

News  Updated at: 2025/05/01

JLR announces GBP 100 million initiative to cut waste and support electrification On April 29, JLR announced an initiative worth over GBP 100 million to reduce waste across its industrial operations in the UK and Europe, focusing on reuse, refurbishment, repurposing, and recycling. As part of its electrification transformation, the company is updating its facilities to prepare for the next generation of electric vehicles, which includes reusing e...

News  Updated at: 2025/04/29

HARI: Hyundai Truck and Bus Mobility EV-olution Expo in Philippines set for May 2 Reported on April 26, 2025, Hariphil Asia Resources, Inc. (HARI) is driving the electric transformation of Philippine commercial transport with the upcoming Hyundai Truck and Bus Mobility EV-olution Expo, scheduled for May 2, 2025, in Alabang. The event will gather government, business, and transport leaders to celebrate HARI’s official entry into the electric com...

News  Updated at: 2025/04/28

Vingroup sets 2025 revenue target of VND 300 trillion, focusing on green transformation Announced on April 24, 2025, Vingroup, with a vision for a greener future, has set its 2025 targets at VND 300 trillion in revenue and VND 10 trillion in net profit, with a focus on sustainable growth through its green transformation initiative. The company aims to maintain its market leadership across sectors, including technology, real estate, and hospitalit...

News  Updated at: 2025/04/28

Mitsubishi Electric Mobility to shorten development period by utilizing AI and DX Mitsubishi Electric Mobility Corporation (Mitsubishi Electric Mobility, Chiyoda Ward, Tokyo) will strengthen agile development to halve its product development period by utilizing digital transformation (DX) such as a virtual space and artificial intelligence (AI). The company also aims to accelerate introduction of products and improve functionality through collabo...

News  Updated at: 2025/04/25