2+ hour, 9+ min ago  (317+ words) Czech billionaire Michal Strnad is in talks to acquire a minority holding in Pirelli & C. from the tyre maker's biggest shareholder, Bloomberg reported citing people familiar with the matter. The proposed transaction is seen as a step that could reduce pressure…...

5+ day, 8+ hour ago  (338+ words) BMW Group has finalised a $1. 7bn investment in the US, completing the expansion of plant Spartanburg and the construction of plant Woodruff in South Carolina. The German group also confirmed that its electric BMW i X5 will become the first fully electric…...

1+ week, 7+ hour ago  (341+ words) Volkswagen is assessing the closure of four factories in Germany and cuts of as many as 100, 000 jobs, in what would amount to the "biggest" restructuring in the global automotive industry. Reuters, citing unnamed sources, said members of the supervisory board…...

2+ week, 5+ day ago  (376+ words) BMW Group has lowered its full-year 2026 guidance across key financial metrics, pointing to a deteriorating Chinese car market and the economic fallout from the Middle East conflict. The German automaker now expects its automotive segment earnings before interest and taxes…...

2+ week, 6+ day ago  (173+ words) The Netherlands-based company aims to improve Audi's performance in the region. Netherlands-based Pon Holdings has acquired a 75% stake in Audi's Thai distributor, Meister Technik Company, which operates mainly under the Audi Thailand name, after two years of negotiations, according to…...

4+ week, 8+ hour ago  (319+ words) Kamtec Auto USA will open its first US manufacturing facility in Auburn, Alabama, through a $9. 2m investment expected to create around 50 jobs. The South Korean automotive supplier said the new site will produce advanced technical components for engine control and electric…...

1+ mon, 1+ week ago  (322+ words) BMW Group has partnered with French AI startup Mistral AI to expand the use of artificial intelligence (AI) in crash simulation. The German carmaker said the collaboration is aimed at improving "quality, accuracy and speed" in complex engineering tasks. It…...

1+ mon, 1+ week ago  (453+ words) Italian luxury carmaker Ferrari has introduced the Ferrari Luce, the company's first fully electric vehicle (EV), with a five-seat, four-door model for the high-performance EV segment. The Ferrari Luce " meaning "light' in Italian " is based on a dedicated all-electric platform…...

1+ mon, 2+ week ago  (348+ words) The supplier plans to manufacture more than seven million electric-drive components in 2026. Bosch has secured a "major" order from Mercedes-Benz to supply a "large volume" of electric motors for the automaker's next-generation electric powertrains into the 2030s. Bosch board of management…...

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