Japanese airbag maker Takata Corp has filed for bankruptcy protection in Japan and the US. Takata faces billions of dollars in liabilities after its faulty airbag inflators caused the biggest recall in automotive history, with 16 deaths and more than 180 injuries being attributed to the defective airbags. US supplier, Key Safety Systems Inc (KSS), based out [...]

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 [...]