• Geely’s Volvo Cars designing and developing electric motors in house.
  • S.Korea’s five main automaker’s sales slightly higher in Oct. from 134,895 to135,495 units.
  • GM names new CFO Paul Jacobson and effective 1 Dec 2020.
  • IAV(International Automotive Components ) appoints David Prystash as CEO and effective 1 Jan 2021.
  • Goldman Sachs and Houlihan Lokey were top Mergers and Acquisitions(M&A)financial advisers in automotive sector in Q3.(PS.
  • Goldman Sachs is an American multinational investment bank and financial services company headquartered in New York City.
  • Houlinhan is an American multinational independent investment bank and financial services company. )
  • FAW to invest US$31bn to develop its Hongqi brand
  • Self-driving startup Pony.Ai gets funding from FAW.
  • APC(Advanced Propulsion Centre)gets GMP92M for 49 projects as a prosperous green recovery post-COVI-19 and low-carbon future.
  • Geely’s LEVC(London Electric Vehicle Company) starts making taxi based range van, VN5.
  • Citroen UK stressing needs for”tariff-free” deal with EU as deadline of Jan.1 2021 in the Brexit negotiations.
  • China unveils a new 15-year development plan for its NEV (new energy vehicle) with aim of strengthing the global competitiveness of the domestic industry.
  • Mack trucks (American truck manufacturing company and a former manufacturer of buses and trolleybuses.) add Apple Carplay, update seats to improve driver comfort.
  • Tata Motors registered domestic sales of 49,669 units in Oct.2020.
  • Kia Motors reports Oct. global sales of 265,741 units in Oct. 2020.
  • Tenneco reports Q3 result- Revenue of $4.3bn.
  • NIO, China’s premium smart EV pioneer, provides Oct.2020 delivery update.
  • Honda Cars India registers 8.3% sales growth in Oct.2020.
  • M&M Ltd (Mahindra & Mahindra Ltd) sells 44,359 vehicles in Oct.2020.
  • Vodaphone to build 5G network for Horiba Mira(a global provider of automotive engineering, research, and test services,).
  • SKF plans to shut French bearings plant.
  • Britishvolt( Britain’s foremost investor in battery technologies) appoints EVera Recruitment (Europe’s only dedicated Battery & EV recruiter)as its sole hiring partner.
  • NewMotion teams with Osprey Charging(UK charge point operator).
  • MBMK(Mercedes-Benz Mobility Korea) has completed acquisition of Star Rent A Car(SRAC) specialized in long-term car rental in S.Korea since 2014.
  • Audi recalls 94,000 Audi Q7 vehicles over C-pillar padding.
  • VW braces for EU fine for missing CO2 emissions reduction target, and has set aside funds to cover the likely costs of the fine.
  • Dana to acquire majority of Modine Manufacturing’s auto business with aiming to accelerate its growth in EV.