The government’s first grant – worth EUR 300 million was awarded to battery company Varta.
This latest deal builds upon Aptiv’s strong track record of bolt-on acquisitions.
Political and business leaders have hailed Elon Musk’s announcement that EV giant Tesla will build its European plant just outside Berlin.
The common goal of the partner companies is to find marketable, production-ready solutions to shape the mobility of tomorrow while fulfilling, today, the future requirements of end customers and legislators.
The expected economic downturn and the cost level in Germany has resulted in the decision to move production of EBS and air suspension products.
The expanded product development facility will drive advanced development of cockpit electronics and support growth with European automakers, Visteon says.
The company has doubled the size of its German sales and application engineering center.
GPC’s Alliance Automotive Group has entered into a definitive agreement to acquire Germany’s Hennig Fahrzeugteile Group. Paul Donahue, CEO of Genuine Parts Co., said, “the addition of this business serves to further expand our presence and scale in Europe as we build on our global growth strategy.”
In the first phase of the project, Scania will supply two electric hybrid long-haulage prototype trucks with different powertrains: one will have a single battery with a 15 kWh capacity, and the other will have several batteries for greater capacity.
The product is designed as a unique solution for plug-in hybrid electric vehicles’ (PHEV) pressurized fuel system isolation.
Biolink develops and produces environmentally friendly solvent-free acrylic resin adhesive tapes for a variety of applications in the aeronautic, automotive and other industrial markets, mostly in Europe.