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Keywords: Automotive industry
German engineering company Robert Bosch GmbH has secured a major agreement to supply electric motors to luxury car manufacturer Mercedes-Benz Group AG. The contract is part of a long-term collaboration aimed at strengthening the production of next-generation electric vehicles. Under this agreement,......
NamX has reached a major milestone in the development of its hydrogen technology after obtaining a European patent covering its hydrogen capsule system, a move expected to accelerate the industrial phase of the project. The announcement was made by the company’s founder and chief executive officer,......
Tata Motors has warned of near-term cost pressures driven by global economic uncertainty, even as the company reported a sharp increase in quarterly profit supported by strong vehicle demand and improved domestic sales. The Indian automaker posted a nearly 70% rise in profit for the fourth quarter ending......
Volvo Cars has said it is open to forming new partnerships in the United States as part of its strategy to strengthen production and make better use of its manufacturing capacity in the country. The Swedish automaker is seeking to expand cooperation with other industry players, particularly in assembly,......
BYD Company Limited is reportedly in discussions with European automakers, including Stellantis N.V., over the possible acquisition or use of underutilized production facilities in Europe, according to industry reports. The Chinese electric vehicle giant is seeking to expand its presence in the European......
Nissan Motor Co., Ltd. reported a narrow operating profit for the full fiscal year ending March 2026, supported by regulatory-related gains and improved cost management despite challenging global market conditions. The Japanese automaker stated that its annual operating profit reached approximately......
Chinese automotive components manufacturer Ningbo Gaofa Automotive Control System has confirmed plans to establish an industrial presence in Morocco, marking a significant step in its international expansion strategy. The company, listed on the Shanghai Stock Exchange, specializes in electronic accelerator......
Toyota Motor Corporation has reported a significant decline in annual net profit, citing the impact of American tariffs, geopolitical instability in the Middle East, and rising raw material costs. The Japanese automotive giant announced that its net profit for the 2025–2026 fiscal year fell by......
Porsche AG announced plans to close three subsidiaries and eliminate more than 500 jobs as part of a major strategic restructuring aimed at refocusing the luxury car manufacturer on its core automotive business. The decision was approved by the company’s executive board and supervisory board amid......