Sona Comstar, a leading Indian auto parts manufacturer, is accelerating its internationalization strategy and actively negotiating with automakers in China, Japan and South Korea to provide high-performance parts for electric vehicles (EV), hybrid electric vehicles (HEV) and internal combustion engine vehicles (ICE) to these markets. The company hopes to take this opportunity to further expand […]
According to Reuters, on December 11, Frank Sell, deputy chairman and key mobile solution department of Bosch, the world’s largest automotive parts supplier Bosch, said the company’s recently announced a series of layoff plans, It has forced Germany to face risks for about “8,000 to 10,000” jobs. It is […]
On December 11, Mainland Group issued a statement saying that the chairman of the Supervisory Board has agreed to the 52 -year -old Olaf Schick in advance to resign from the position of the chief financial officer and the requests of the members of the Integrity and Law Executive […]
According to foreign media reports, Cyvn Holdings, an investment company headquartered in Abu Dhabi, has finalized a transaction to acquire McLaren’s sports car business in the hands of the Barin Mumtalakat Holding. The Abu Dhabi government stated in a statement that the […]
Stellantis expects that the company’s electric vehicle sales next year will be far higher than the “minimum level required to meet the EU’s stricter CO2 emission targets.” Stellantis Chief Financial Officer Doug Ostermann said that this confidence is based on market demand for the company’s new electric vehicles. Doug Ostermann said at the Goldman Sachs […]
CYVN Holdings, an Abu Dhabi-based investment company, has finalized a deal to acquire McLaren’s sports car business from Bahrain’s sovereign wealth fund Mumtalakat Holding. The Abu Dhabi government said in a statement that the deal also gives CYVN a non-controlling stake in McLaren’s racing business. The two parties are reported to have signed the deal […]