Manufacturing
Volkswagen’s unit fined by UK regulator for customer mistreatment
The Financial Conduct Authority (FCA) has imposed a fine of ÂŁ5.4m on Volkswagen Financial Services UK for their failure to treat customers fairly between January 2017 and July 2023. The…
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Setco Automotive new water pump
Setco Automotive, a renowned manufacturer of MHCV clutches, has recently introduced its latest automotive water pump, signaling a strategic expansion…
The decade-old Suzuki that trumps EVs
Suzuki Motor Corporation has proven its cautious yet successful approach with record revenue and operating income in fiscal 2024-25. One…
Geely chairman highlights overcapacity issues
The automotive industry is currently facing a major challenge of overcapacity, as highlighted by Geely chairman and founder Li Shufu…
AESC launches production at new EV battery in France
Japanese battery manufacturer AESC Group has recently inaugurated its new electric vehicle (EV) battery plant in Douai, France. The company…
FAW-Volkswagen to produce two new NEV models in Tianjin
FAW-Volkswagen, a major joint venture of Volkswagen AG in China, recently announced its plans to produce two new electric vehicle…
Qualcomm enhances V2X capabilities
Qualcomm Technologies has recently finalized the acquisition of Autotalks, a fabless semiconductor company specializing in vehicle-to-everything (V2X) communications. This acquisition…
Volvo Cars unveils multi-adaptive safety belt
Volvo Cars, a Geely-owned company, has unveiled a groundbreaking multi-adaptive safety belt technology that is set to revolutionize automotive safety.…
PlusAI seals $1.2bn truck deal
Plus Automation, an AI-based virtual driver software for autonomous trucks, has announced a definitive business combination agreement with Churchill Capital…