Hyundai Motor Company and Kia Motors Corporation have announced a strategic investment of €100m in a new partnership with Arrival, a UK-based electric vehicle start-up. Through the partnership, Hyundai and Kia plan to use Arrival’s scalable electric platform to introduce competitively priced small and medium-sized electric vans and other products for logistics and on-demand ride-hailing [...]

Nissan is stepping up plans to split from Renault, according to reports. The Financial Times claims that preliminary discussions for a separation include a total divide in engineering and manufacturing. It is understood that should the two split, both car makers would seek alternative partnerships. This follows Carlos Ghosn’s recent flight to Lebanon from Japan, where he [...]

LKQ Corporation announced the execution of a definitive agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. In May 2018, the European Commission cleared LKQ’s acquisition of STAHLGRUBER GmbH, with the exception of Stahlgruber’s two wholesale businesses in the [...]

SEAT has announced that president Luca de Meo has stepped down at his own request, with immediate effect. He will remain a member of the Group until further notice. Vice-president for finance Carsten Isensee will assume the role until further notice, while continuing with his functions. [...]