Varroc Engineering Limited signed a MoU with Candera GmbH to integrate the Human Machine Interface (HMI) technology in Varroc's Thin-Film-Transistor (TFT) Instrument Cluster.

Volkswagen reported that it will be receiving $351 million as compensation as part of its settlement terms with former executives for the dieselgate scandal.

The workers at cash strapped Ssangyong Motor have agreed to accept the restructuring measures. The Korean carmaker, aims to complete the sale by finding a new majority investor by October 2021.

Terex Materials Processing has purchased a new facility located in Shanghai, China. It will be used to manufacture Powerscreen equipment for the domestic Chinese market.

A low-cost charging system for two- and three-wheeler electric vehicles, is expected to hit the Indian market in about six months and could prove to be a game-changer for electric mobility.

Continental has received approval for supplying tyres to more than 40 percent of the all-electric passenger car and van models produced in Europe.

VE Commercial Vehicles Limited has launched the Eicher Skyline Ambulance to support healthcare mobility during the global pandemic, providing fast and efficient solution for patient transportation.

Apna, India’s largest professional networking platform has signed an MoU with the Automotive Skill Development Council (ASDC) to provide career counselling and job opportunities to students and workers.

China Automotive Systems, Inc. announced that its wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd., purchased a 40% interest in the issued share capital of Sentient AB.