10 Dec 2020Automotive
This week in automotive: Hyundai eyes on buying Boston Dynamics for future mobility
Hyundai Motors mulls acquiring robotics firm from Softbank.
The move to acquire Boston Dynamics, a US-based robotics company for $1 billion, comes as it aims to increase investments in future mobility solutions.  Read More>>

Volkswagen-owned Traton takes over Navistar trucks in USD 3.7 Bn merger deal.
While the company owned 16.7% of Navistar prior to the merger, this firmly cements the company under the umbrella, including European MAN and Scania brands.  Read More>>

FCA and Groupe PSA Boards advance merger talks to form Stellantis.
The merger will create the world’s fourth-largest automaker with a stock-market value of about $47 billion, surpassing Ford Motor. Read More>>

Goodyear, TuSimple collaborate on autonomous freight vehicles.
As part of this collaboration, Goodyear will provide products and repair services to enhance autonomous trucks’ safety and operation.  Read More>>

Brembo acquires SBS Friction. 
This acquisition is in line with Brembo’s new mission to become a respected solution provider, to meet the new sustainable mobility paradigms and offer the best driving experience  Read More>>

KIA UK partners with BP Chargemaster and Pod Point 
This will offer electric car drivers’ preferential terms for the provision of a home charge point. The Pod Point partnership offers reduced costs for installation of a home charge point. Read More>>

Surgere welcomes Mazda as new AutoSphere client. 
Mazda joins current AutoSphere members to tackle a $3.2 billion problem. The automotive industry is expected to experience significant increases in productivity and reduction in cost. Read More>>

Daimler and Geely join forces for hybrid powertrain R&D.
The two automotive groups intend to use synergies in their global research and development networks. Read More>>

Jaguar Land Rover to develop AV test sites. 
They have outlined plans to work with a clutch of software, mobility, and telecommunications companies to develop a smart-city hub in Ireland where autonomous electric vehicles (AV) will be trialed in real-world conditions. Read More>>

Volkswagen to invest Euro 1 bn to create 2000 new jobs in Slovakia.
They have confirmed that the Volkswagen Passat production will be relocated from Czechia to Slovakia’s capital Bratislava in 2023.  Read More>>

General Motors to add 3000 jobs focused on electric vehicles.
The jobs will be focused on engineering, design, and information technology to increase diversity and inclusion and contribute to GM’s EV and customer experience priorities  Read More>>

Toyota Motors North America announces manufacturing executive changes
  • David Fernandes, current SVP, Manufacturing, Toyota South Africa Motors (TSAM), will become president of Toyota Motor Manufacturing, Mississippi (TMMMS). 
  • Jason Puckett, current VP, Administration at Toyota Motor Manufacturing, Indiana (TMMI), will become president of TMMAL Read More>>

Audi America names new CMO.
Tara Rush will be the first woman to lead marketing at Audi of America. Rush, who has been senior vice president, chief communications officer, replaces Loren Angelo, who is leaving the brand after 12 years. Read More>>
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Piaggio Account Intelligence Report: Draup analyzed Piaggio’s recent partnerships and strategic business initiatives better to understand their immediate focus areas and future bets. We have also analyzed some of Piaggio’s critical technology centers. Read the full report here. 
Renault Nissan India Account Intelligence Report: Renault Nissan India continues to share product platforms and engines to develop badge-engineered cars in India. Their primary focus is on providing sustainable transportation solutions in India before 2022. Read the full report here.
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