News Feb 26, 2022 Cummins to acquire Meritor for $2.6 bn to raise EV parts production US truck engine maker Cummins Inc said that it will buy auto parts maker Meritor Inc for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings.
News Jan 28, 2022 Renault, Nissan, Mitsubishi form joint venture for EVs French auto giant Renault and Japanese carmakers Nissan Motor and Mitsubishi Motors Corp are soon going to work together to develop electric vehicles.
News Jan 24, 2022 Balu Forge buys precision machining unit of Mercedes Benz Truck Factory in Germany Balu Forge Industries Ltd (BFIL) has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany.
News Jan 14, 2022 SKF extends support to automakers to increase EV production The revolution of the North American automotive industry is in progress with the growing demand for battery electric vehicles (BEVs), and SKF is well-positioned to support the industry's growth goals.
News Jan 14, 2022 SKF extends support to automakers to increase EV production The revolution of the North American automotive industry is in progress with the growing demand for battery electric vehicles (BEVs), and SKF is well-positioned to support the industry's growth goals.
News Dec 31, 2021 Global automobile production dips due to low manufacturing Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed.
News Dec 30, 2021 Daimler, BYD Tie Up for Auto Venture Denza Daimler Greater China Ltd. and BYD Auto Industry Co. Ltd. signed an equity transfer agreement in December to realign the structural setup of their joint venture.
News Dec 27, 2021 Biden takes step to control fuel related climate change In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases.
News Dec 21, 2021 US auto component maker Dana sees opportunity in India’s EV space American auto component maker Dana has said that India offers huge opportunities for the company in the EV space and it continues to invest in all its facilities depending upon the demand.