- 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.
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