Manufacturing

Stellantis announced completion of the acquisition of F1 Holdings, parent company of First Investors Financial Services Group from an investor group headed by Gallatin Point Capital. The acquisition, previously announced in September, closed at the agreed conditions and within the period indicated at signing. First Investors, renamed Stellantis Financial Services US, will be the basis […]

Tenneco said its electronic suspension technology (CVSAe) would make its Chinese debut on the ZEEKR 001 EV. ZEEKR is a new BEV premium brand from Zhejiang Geely Holding. This would will be the first application of CVSAe technology to be manufactured in China for a major domestic automaker. The supplier said the technology had already

Credit: Alexander Supertramp/Shutterstock Lear said third quarter 2021 sales fell 13% year on year to US$4.3bn, compared to $4.9 billion in the third quarter of 2020, reflecting global vehicle production declines related to the worldwide semiconductor shortage The seating and electronics supplier booked a net loss of $27m and adjusted net profit of $32m, compared

Gothenburg Port says handling of new vehicles fell 9% during the third quarter – mainly due to the global shortage of semiconductors and components. Nevertheless, volumes for the year through to September increased by 22%. Volumes from Volvo Cars, topped with new import customers such as Tesla, Honda and Lynk & Co, mean the Port

Audi’s refreshed A8 model features new ‘digitized light’ technology which it says is comparable with video projectors and delivers greater safety. The ‘digital matrix’ LED headlights use DMD (digital micromirror device) technology. Each headlamp contains approximately 1.3 million micromirrors which disperse the light into tiny pixels, which means that it can be adjusted with the

VW Group owned Skoda has said it will reduce its 2021 production plan by around 250,000 units by the end of the year due to the shortage of semiconductors. The company also said it anticipates that the situation regarding the supply of semiconductors will stabilise again from the fourth quarter 2021 onwards and will then

Hankook Tire has posted third-quarter global sales of EUR1.34bn (US$1.6bn), down from EUR1.36bn, while operating profit was EUR131m. Global sales of 18 inches and higher tyres accounted for 36.4% of total passenger car tyre sales, a YoY increase of 2.4%p. In particular, high-inch tyre sales in Hankook’s major markets including South Korea, China, Europe and

Kitchener Honda announced they would be giving away a vehicle to someone in need and deserving. “We cherish the community deeply,” said Kitchener Honda’s general manager, Everet Chan. “We are committed to serving and helping our community. We understand the last year has been difficult for people, and we want to help by giving away a