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Auto Update

Magna and Lyft Join Hands to Develop and Manufacture Self-Driving Systems at Scale

Magna, a mobility technology company and one of the world’s largest automotive suppliers, and Lyft, North America’s fastest growing rideshare company, announced a multi-year collaboration in which the companies will

Joint Venture

Continental and CITC Establish Joint Venture for Production of 48-Volt battery systems

Technology company Continental, and Chinese automotive supplier and battery manufacturer CITC (Sichuan Chengfei Integration Technology Co., Ltd.) will, through their respective subsidiaries, establish a joint venture for the development and

Acquisition

Atlas Copco to acquire German joining technology business for global automotive industry

Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire the assets of Klingel Joining Technologies. The company specializes in flow drill technology, a joining method used

Acquisition

Varroc Group acquires majority stake in Bengaluru-based Team Concepts

Auto components maker Varroc Group’s polymer division has acquired a majority stake in Bengaluru-based automotive accessories manufacturer Team Concepts, according to a report in The Economic Times. While the financial

Auto Update

Aston Martin is world’s fastest growing automotive brand

Aston Martin has been revealed as the world’s fastest-growing automotive brand of 2018 by Brand Finance, the leading independent business valuation and strategy consultancy. The 2018 Brand Finance Auto &

Expansion

JLT Specialty launches global automotive division

JLT Specialty (JLT), the specialist global insurance broker and risk consultant, has launched a new global automotive division to meet the rapidly changing risk landscape currently facing auto manufacturers and

Electric Vehicles

GKN’s next-generation electric vehicle driveline now in prototype test phase

GKN’s all-new coaxial electric axle system – the ‘eTwinsterX’ – is now in the prototype stage, with a working example up-and-running in a demonstrator vehicle at GKN Driveline’s ‘Wintertest’ engineering