Stellantis N.V. has announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%.

Reliance New Energy Solar Ltd (RNESL), subsidiary of Reliance Industries Ltd (Reliance), has signed agreements to acquire 100% shareholding in Faradion Limited (Faradion) for a value of Pound 100 million.

Tube Investments of India (TII), part of the Murugappa group, announced its plans to form a subsidiary to carry on the proposed electric three-wheeler venture and other EV-related projects.

Balu Forge Industries Ltd (BFIL) has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany.

German auto component company ZF announced the start of its new commercial vehicle (CV) solutions division.

The machine tool industry has a historic chance of growth due to the shift to electric vehicles and demand for localised manufacturing, as per the head of the biggest Taiwanese machine tool company.

Half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, according to European auto suppliers.

Automakers declared muted sales in November across most segments. The numbers were disappointing because it is considered a month of high demand and auto companies generate most of their yearly sales.

Albemarle Corp and Livent Corp executives advised automakers to work with lithium producers to ensure that they provide specialised forms of the white metal that enhance an electrical car’s efficiency.