General Information

Fiat Chrysler and PSA Group told their employees they will sign a binding merger agreement in coming weeks. Reuters described corroborated, documented reports that the two groups told their employees…

Faurecia are targeting record sales, profits, and cash generation in 2022 as a result of their strategy program and the boost from their acquisition of Japanese company Clarion. The supplier…

Last January, Cree and STMicroelectronics revealed their long-term pact under which Cree provide their Wolfspeed silicon carbide wafers—USD $250m worth— to STMicroelectronics. The two companies now report expansion and extension…

European new-car sales rose 8.6% in October, driven by robust demand in Germany and France and a rebound in demand for Volkswagen Group brands that were hit by the introduction…

Digital simulation software experts Ansys are working with Microsoft to add Ansys’ Twin Builder software to the Microsoft Azure Digital Twins solution, and enable their joint customers to optimise their…

Daimler have plans to cut long-term costs as they say profitability will be impacted by tougher CO2 emissions limits and the ongoing transformation of the automotive industry. The plan calls for…

Tesla are planning to build their first European plant in Berlin, according to company founder Elon Musk. The move has also been confirmed by the state premier of Brandenburg, the regional…

Volkswagen will invest €60bn by 2024 to develop electric and hybrid cars as well as digital technologies; the group plan to build 75 variants of electric car and around 60…