tion in the door system plant in Chicago/USA Sep. 2004 Signing of a Memorandum of Understanding to set up the first own Chinese plant in Changchun Sep. 2005 Brose extended its product range to include power closure systems for side-doors and liftgates. Debut in IAA 2005. Dec. 2005 The Company acquired a 40 percent stake in Pressan A.S. (Turkish window regulator manufacturer.) Jan. 2006 Jurgen Otto is appointed CEO, the first non-family or...

Major Suppliers  Updated at: 2025/05/28

Posco Holdings to accept third-party share allocation from Posco Future M South Korea’s Posco Holdings Co., Ltd. announced that it will participate in the third-party share allotment of Posco Future M Co., Ltd. Posco Holdings will invest KRW 525.6 billion (JPY 52.56 billion) to acquire the full amount of the new shares based on its 59.7 % stake in Posco Future M. Posco Future M will use the additional fund to boost production capacities at its ...

News  Updated at: 2025/05/27

ce it started in 2000. It is planned to be increased by an additional one million by 2018 and its total exports are forecast to amount to 6.3 billion dollars. On March 1, Koç Holding and Stellantis N.V. announced a new strategic agreement. Under the agreement, their joint venture (JV) Tofaş will acquire the entire share capital of Stellantis Otomotiv Pazarlama A.S., the Stellantis Türkiye distribution company. Stellantis will also allocate th...

OEM Plants  Updated at: 2025/05/27

concept is application of the chassis of the Toyota "Camry" and an engine displacement of between 2.0 and 2.5 liters. The vehicle is be positioned in the medium to high class segment. Its prototype is expected to be developed by June or July 2009. The product launch is scheduled by 2010. Guangzhou acquired the intellectual property right for Fiat's large size sedan "Alfa 166," the company said. Guangzhou Car will undertake development of its own...

OEM Plants  Updated at: 2025/05/27

in India All terrain MICHELIN LTX Force SUV tires launched in India Michelin to open new R&D Laboratory in India Michelin launched Pilot Sport 4 tire Siam Michelin pays attention to low-medium quality tire market growth Nihon Michelin Tire's Primacy 3 tire adopted for new Toyota Camry Michelin to acquire telematics provider NexTraq Michelin India to double capacity at Chennai plant Hyundai and Michelin announce partnership agreement focused on ...

Major Suppliers  Updated at: 2025/05/27

of three automotive subsidiaries owned by its parent, Changan Auto. Chongqing Changan Auto will take all shares of Jiangxi Changhe Automobile Limited Liability Company and Harbin Hafei Automobile Industry Group Co.,Ltd. that Changan Auto purchased in December 2009. Also, Chongqing Changan Auto will acquire shares of Changan PSA Automobile Co., Ltd. a joint venture between PSA and Changan Auto to be located in Shenzhen when the company will start ...

OEM Plants  Updated at: 2025/05/27

ar 2 Geely Automobile releases 2020 financial results and establishes joint venture with Geely Holding Group Polestar 2 model range expands to three variants On October 18, Volvo Car Group (Volvo Cars) has reached an agreement with its parent company Zhejiang Geely Holding Group (Geely Holding) to acquire full ownership of the Luqiao plant, consolidating the plant within the company’s own assets. After the change in ownership, Luqiao plant w...

OEM Plants  Updated at: 2025/05/27

Automobile Co., Ltd. (Changan Mazda). According to the consensus, China FAW, as the investor who increases the capital of Changan Mazda, will invest in Changan Mazda by evaluating the value of FAW Mazda Automobile Sales Co., LTD in which it holds 60% of the stock shares. After the three parties acquire the permission from the concerned national and local authorities in accordance with Chinese laws, Changan Mazda shall be transformed into a jo...

OEM Plants  Updated at: 2025/05/26

, including the three mentioned above (all but the three models are already out of production). As a result of this issue, the launch of the Crown Estate, which was scheduled for the middle of 2024 or later, will be postponed. The release date is undetermined at this time. Toyota has decided not to acquire certification of new models to prioritize the investigation of model certification applications and formulation of measures to prevent recurre...

OEM Plants  Updated at: 2025/05/26

R&D center Volkswagen Anhui builds new R&D proving ground for NEVs JAC premieres its new sedan Jiayue A5 at Chengdu Motor Show JAC starts preorders for its new sedan Jiayue A5 JAC names its battery electric coupe as iC5 and starts online preorders on February 26 VW to increase stake in JAC VW and acquire 50% stake in parent company JAG Anhui Jianghuai Automobile Group and Volkswagen Group officially sign investment agreements for strategic coop...

OEM Plants  Updated at: 2025/05/26

Ikuyo to acquire aluminum die-cast maker Tamadai Ikuyo Co., Ltd. (Ikuyo) announced that it will acquire Tamadai Co., Ltd. (Tamadai, Kaisei Town, Kanagawa Prefecture), a company that manufactures aluminum die-cast products. Ikuyo will sign a share transfer agreement with Tamadai’s Chinese parent company, Dalian Jinwen Metal Products Co., Ltd., to acquire a 100% stake on May 31 in exchange of JPY 303 million. Needs for the reduction of the weight...

News  Updated at: 2025/05/26

EV Electra to acquire HiPhi, China On May 19, the founder of EV Electra, in a social media update, announced its company's involvement in HiPhi’s restructuring. He did not disclose specific details. In a separate press release, on May 22, 2025, EV Electra announced that it recently took over a renowned Chinese electric vehicle brand once dubbed the “Maybach of EVs.” This luxury automaker brought with it a legacy of premium design and engine...

News  Updated at: 2025/05/23

ans. At the end of 2009, GM completed an increase in shareholding in "SAIC-GM-Wuling Automotive Co., Ltd.," a joint venture between SAIC Motor Corporation and Liuzhou Wuling Motor Co., Ltd. and now waiting for approval by the Ministry of Commerce and other offices of the central government. GM will acquire a 10 percent equity in SAIC-GM-Wuling from Liuzhou Wuling for approximately 300 million yuan. After the deal is approved, SAIC Motor Corporati...

OEM Plants  Updated at: 2025/05/23

lines and connectors, and a top five supplier of coolant modules.-Effective from 1 January 2024, the Company is operating under a new regional reporting structure with three geographic regions: Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific.-On April 15, 2025, the Company was acquired by ABC Technologies Inc. (ABC) for an enterprise value of over GBP 1.8 billion. The combined business will be rebranded as TI Automotive. The...

Major Suppliers  Updated at: 2025/05/23

ter wafers. This expansion will mainly serve the growing demand for MEMS sensors in the automotive and consumer goods segments, as well as for silicon-carbide power semiconductors, which are critical to electromobility. -The Company is also upgrading the Roseville plant in California, USA, which it acquired in 2023, for the manufacture of silicon-carbide power semiconductors. This project is supported by funding under the U.S. CHIPS and Science A...

Major Suppliers  Updated at: 2025/05/23

nvestment Limited was established with the purpose of setting up an Indian joint venture to explore emerging Asian markets. In September 2012 SAIC Motor abandoned capital increase, making the contribution ratio in SAIC GM Investment to 86% for GM and 14% for SAIC Motor. Additionally, General Motors acquired 186 million A shares issued by SAIC GM Investment at $125 million, which boosted its ownership of SAIC GM Investment to 90.8%. Import and sal...

OEM Plants  Updated at: 2025/05/23

nvestment Limited was established with the purpose of setting up an Indian joint venture to explore emerging Asian markets. In September 2012 SAIC Motor abandoned capital increase, making the contribution ratio in SAIC GM Investment to 86% for GM and 14% for SAIC Motor. Additionally, General Motors acquired 186 million A shares issued by SAIC GM Investment at $125 million, which boosted its ownership of SAIC GM Investment to 90.8%. The annual rep...

OEM Plants  Updated at: 2025/05/23

HSCL, India invests in International Battery Company, US On May 22, Himadri Speciality Chemical Ltd (HSCL) announced a strategic investment of USD 4.43 Million to acquire a 16.24% stake in International Battery Company, Inc (IBC), a U.S. headquartered technology developer and manufacturer of chemistry-agnostic prismatic Lithium-ion (Li-ion) cells. The partnership will combine Himadri’s advanced anode and cathode materials with IBC’s prismatic...

News  Updated at: 2025/05/23

operating during the second half of 2024 and support production of Accelo and Atego truck models, Sprinter vans, and OH and OF bus chassis at the Juan Manuel Fangio Plant in Puerto Madero. On December 22, Mercedes-Benz Camiones y Buses (Trucks & Buses) announced it is investing  USD 20 million to acquire a 20-hectare property in Zarate, Argentina where a logistics center for auto parts will be built. The second stage will include transforming t...

OEM Plants  Updated at: 2025/05/21

on flexible fuels blended with ethanol from 0 to 100%. The engine delivers 133hp with 100% gasoline and 135hp by 100% ethanol. Annual sales target is set at 7,000 units or more. Mitsubishi is reorganizing its global production network in and out of Japan. In Brazil it will invest 2-3 billion yen to acquire a majority of the stocks of MMC Automotores Do Brasil S.A. Mitsubishi Motors Corporation has started production of the Lancer sedan at the Cat...

OEM Plants  Updated at: 2025/05/21