Autotalks, a global leader in vehicle to everything (V2X) communication chipsets, has announced an extension to its recent funding round. Autotalks completed its Series D round with about $40m in investments, an oversubscription of $10m. The increased investment amount is a result of new investments from investors such as Mirai Creation Investment Fund, of which [...]

The Cromax backed Punch Powertrain Solar Team, comprised of engineering students from the University of Leuven, has unveiled its entry for the Bridgestone World Solar Challenge. The new-look car is painted in white, blue and green, all of which were specially developed for the team by Cromax. The livery also includes the team’s new mascot [...]

Volvo Cars has announced that Polestar, its performance car arm, is to become a new separately branded electrified global high-performance car company. In order to drive the development of the brand, Thomas Ingenlath, senior vice president design at Volvo, will assume the position of chief executive officer at Polestar. Thomas has been the inspiration behind [...]

The European Union (EU) has fined car lighting system producers Automotive Lighting and Hella €27m for operating a cartel with Valeo. Competition Commissioner Margrethe Vestager said in a statement, ‘The Commission has sanctioned another cartel in the automotive sector. Three lighting producers harmed car and commercial vehicle manufacturers by colluding instead of competing against each [...]

Service King Collision Repair Centers has added another 34 technicians to its rapidly growing Apprentice Development Program. The result of seven signing day events held across the country, the apprentices will embark upon a hands-on, 52-week paid training programme designed to prepare aspiring technicians for a successful career at Service King and in the collision [...]