Bogor, will continue uninterrupted. All current employees will remain in employment and be given the opportunity to continue working for the company under its new ownership. Mercedes-Benz will also launch a new, 100% Mercedes-Benz owned firm to support and guide the new operating partnership. This transaction includes the transfer of 100% of shares of Mercedes-Benz AG in Indonesia, with Inchcape taking a 70% stake and Indomobil taking 30%. Inchc...

OEM Plants  Updated at: 2025/06/16

tium Cells operates the first plant in Ohio and the second in Tennessee. On December 2, GM announced it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. While the transaction is expected to close in Q1 2025, LG Energy Solution will have immediate access to the nearly completed Lansing facility to begin the insta...

OEM Plants  Updated at: 2025/06/11

On May 19, the Volkswagen Group completed the sale of its shares in Volkswagen Group Rus LLC and its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC, owned by Russian dealer Avilon. Upon registration of the transaction, ownership of the shares in Volkswagen Group Rus LLC and its local subsidiaries will pass from seller to buyer. The new owner takes over a...

OEM Plants  Updated at: 2025/06/06

nced on the Shanghai Stock Exchange (SSE) its plan for a CNY 6.5 billion capital increase in VW Anhui with VW China in equal proportion to their shareholding ratios. JAC Group and VW China will contribute CNY 1.625 billion and CNY 4.875 billion, respectively, in cash. Upon completion of the related transaction, the two parties’ respective shareholding ratios will stay unchanged at 25% and 75%. On March 21, VW China, together with its joint vent...

OEM Plants  Updated at: 2025/06/05

ades under the symbol “FCAU.” Expansion of trading from Italy to the United States will give the automaker improved access to capital markets. Fiat Chrysler Automobiles (FCA) announced on October 29 that it will separate Ferrari S.p.A. from FCA. FCA will take the steps necessary to complete the transactions during 2015 and FCA expects that the Ferrari shares will be listed in the United States and Europe. The company plans to list a 10 percen...

OEM Plants  Updated at: 2025/06/02

ehicle, supported by a USD 750,000 investment at GM’s Brownstown site. General Motors Co. announced that it has signed a non-binding memorandum of understanding (MoU) with Nikola Corporation to supply its Hydrotec fuel cell system for Nikola’s commercial vehicles. This MoU replaces the previous transaction announced on September 8, 2020. The Hydrotec fuel cell systems will be manufactured at GM’s Brownstown Charter Township battery assembly...

OEM Plants  Updated at: 2025/05/30

Commercial Assembly Plant. Over time, the move is expected to create more than 200 jobs at AM General. On June 22, SF Motors, a Silicon Valley-based subsidiary of the Sokon Industry Group, announced an agreement with AM General to acquire its commercial assembly plant near South Bend, Indiana. The transaction is expected to close in the fourth quarter of 2017. SF Motors expects to retain all 430 current plant employees and invest USD 30 million ...

OEM Plants  Updated at: 2025/05/28

new "K0" model for Stellantis brands (FIAT, Opel, Citroën, Peugeot) on multi-energy platforms. It also signed license agreement for the use of the intellectual and industrial property rights belonging to the Stellantis Group. Tofaş reported that an additional "Report on Widespread and Continuous Transactions" was approved by the Board on November 4, 2024, per the CMB's Corporate Governance Communiqué, which outlines that the anticipated trans...

OEM Plants  Updated at: 2025/05/27

said that it delivered 1,300 vehicles in January and February, after having shipped roughly 5,000 of the 10,000 cars that its contract manufacturing partner, Magna Steyr, produced in Graz, Austria in 2023. On March 25, Fisker said talks with a large automaker, expected to be Nissan, for a potential transaction have been terminated, leading it to search for strategic options, including in- or out-of-court restructurings, and capital markets transa...

OEM Plants  Updated at: 2025/05/27

and Chongqing Liangjiang New Area Chengwei Equity Investment Fund Partnership (L.P.) (Chengwei Fund). According to the agreements, Changan Auto will acquire 7.71% and 2.63% equity interests in Changan New Energy currently held by Changxin Fund and Chengwei Fund, respectively. Upon completion of the transactions, the shareholdings of Changan Auto, Changxin Fund and Chengwei Fund will increase from 40.66% to 51.00%, decrease from 11.08% to 3.37% an...

OEM Plants  Updated at: 2025/05/27

actively promoting the automotive product definition and team building. It has established an automotive team consisting of 300 people so far. In addition, on August 25, Xiaomi Corporation announced the acquisition of Deepmotion Tech Limited, an autonomous driving technology company, with a total transaction value of approximately USD 77.37 million (CNY 503 million). According to various media sources, Mr. Jun LEI, CEO of Xiaomi Corporation,...

OEM Plants  Updated at: 2025/05/27

n travel longer than 100km. The market price will be around 170,000-180,000 yuan. Using government subsidy of 60,000-80,000 yuan, actual purchase price will be around 100,000 yuan. On April 6, SAIC Motor Corporation (SAIC Motor) publicly announced its plan for assets restructuring and resumed share transactions of SAIC Motor and Huayu Automotive Systems Co. SAIC Motor intends to purchase by way of private offering from its two parents including S...

OEM Plants  Updated at: 2025/05/23

mission variations will also be consolidated into GF6 series 6-speed automatic transmission for front-wheel drive. Shanghai General Motors has signed an import contract worth $900 million with General Motors. Shanghai GM will import three brand models, Cadillac, Buick and Chevrolet and their parts. Transaction volume is estimated at 500 million for finished cars and 400 million for parts. Shanghai-GM began accepting bookings for the new Chevrolet...

OEM Plants  Updated at: 2025/05/23

es a dazzle-like camouflage. On June 16, Renault Group announced the sale of 148 hectares of land at its Douai plant to Douaisis Agglo and the Etablissement Public Foncier Nord (EFP). This agreement is part of the implementation of the new Renault Electricity entity announced on June 9th. This land transaction will enable Renault ElectriCity to improve the compactness of its Douai site and to optimize the structural and operating costs of the new...

OEM Plants  Updated at: 2025/05/21

irabel, Quebec, which has an annual production capacity of 1.7 GWh. On December 5, Lion Electric announced that it has reached a definitive agreement with Aéroport de Montreal to sell its innovation center facility located in Mirabel, Québec, for a purchase price of CAD 50,000,000. Closing of the transaction is expected to occur before the end of 2024, subject to the satisfaction of customary closing conditions. No indication was given on susta...

OEM Plants  Updated at: 2025/05/13

tium Cells operates the first plant in Ohio and the second in Tennessee. On December 2, GM announced it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. While the transaction is expected to close in Q1 2025, LG Energy Solution will have immediate access to the nearly completed Lansing facility to begin the insta...

OEM Plants  Updated at: 2025/05/12

automotive frames, parts and jigs for dies. Xiamen King Long United Automotive Industry will take a lead in increasing production of energy-efficient and new energy buses and their parts. Xiamen King Long Motor Group announced that it will acquire all shares of Jintian Co., Ltd. based in Hong Kong. Transaction value will be 39.45 million yuan in total. Xiamen King Long Motor Group Co., Ltd. has established a new joint venture to manufacture buses...

OEM Plants  Updated at: 2025/05/08

ned Assets Supervision and Administration Commission (SASAC) of Anhui Province, JAC and Volkswagen Group signed a JAC investment agreement. JAC and Volkswagen Group signed an investment agreement and a framework agreement on the product portfolio of JAC Volkswagen. Parties plan to complete relevant transactions on December 31, 2020 after approvals are obtained from relevant departments. Upon the completion of relevant transactions, Volkswagen (Ch...

OEM Plants  Updated at: 2025/05/08

tium Cells operates the first plant in Ohio and the second in Tennessee. On December 2, GM announced it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. While the transaction is expected to close in Q1 2025, LG Energy Solution will have immediate access to the nearly completed Lansing facility to begin the insta...

OEM Plants  Updated at: 2025/04/28

2023, the company plans to launch five models. On December 23, JAC announced its intention to acquire the project assets (including equipment and tooling assets) related to projects under construction and equipment installation projects held by NIO Automobile (Anhui) Co., Ltd. (Anhui NIO), with the transaction price estimated at CNY 1.704 billion. According to JAC, the acquisition will not affect its normal production and operation, and the tran...

OEM Plants  Updated at: 2025/04/27