The acquisition is part of Aludyne's plan to strengthen its ability to manufacture lighter vehicle components.
Continue Reading the above article 'Michigan supplier Aludyne acquires CastLight from ...
Cruise's additional investment from Walmart and others takes the startup's valuation over $30 billion.
Continue Reading the above article 'Self-driving startup Cruise raises $2.75 billion f...
TuSimple is the latest player in the self-driving technology and manufacturing segment to take the public market route.
Continue Reading the above article 'TuSimple raises $1.35 billion in U.S. IPO; company...
Software-defined vehicles are becoming more and more commonplace, prompting Continental and Amazon Web Services to partner on a new, open automotive software development platform.
Continue Reading the above article 'Continental, Amazon Web Services launch automotive...
The accord, "aimed at strengthening the relations between the families," will allow the two companies to exchange views, while leaving them free to vote as they choose and not carrying any obligation to coordinate their actions as Stellantis shareholders.
Continue Reading the above article 'Agnelli, Peugeot families agree to consult on Stel...
Herbert Diess makes no secret of his admiration for Tesla and Elon Musk. Instead of moving from BMW to take the CEO role at VW Group, Diess could have become Musk's right-hand man at Tesla.
Continue Reading the above article 'How Tesla's Musk tried and failed to tempt VW's Di...
The Korean automaker is burdened with high debt, and its 2020 vehicle sales fell more than 20 percent from a year earlier.
Continue Reading the above article 'SsangYong in receivership as owner Mahindra fails ...
Mercedes has been criticized for taking too long to embrace EVs and is under pressure to prove it can retain its engineering prowess in the electric age, where expertise in battery technology and software is key.
Continue Reading the above article 'Mercedes enters new era with flagship sedan going ...
The private placement of newly issued shares marks the first time the 3-year-old Volvo subsidiary has gotten the backing of external investors.
Continue Reading the above article 'Polestar raises $550m to help fund product expansi...
Huntsman, a former governor of Utah and U.S. ambassador, will advise CEO Jim Farley and Executive Chairman Bill Ford on "strategic policy matters"
Continue Reading the above article 'Ford board member Jon Huntsman named to senior pol...