Diesel engines
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2025 | Isuzu unveiled the Dragon Max concept car, representing their latest exploration in vehicle design. |
2025 |
Fiat JTD engine
The 2.2 Multijet Evo engine was Euro 7 approved and will be adopted by K0 commercial vehicles, replacing previous 1.5 HDI and 2.0 HDI engines.
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2025 | Hedmos, a new automotive brand for the Chinese market, was established by Stellantis with Bi Gao Cheng as its brand CEO. |
February 2025 | Volkswagen's market capitalization was valued at US$50.5 billion, highlighting the company's significant financial standing in the automotive industry. |
February 26 2025 | MHI reported plans to expand Australian operations to secure potential contracts for the Mogami-class ships to enter Australian service. |
February 2025 |
Honda
Honda and Nissan announced the termination of merger talks after negotiations became complicated by growing differences.
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February 5 2025 | Received a maxi contract from Norwegian Cruise Line worth 9 billion euros for four cruise ships, to be delivered in 2030, 2032, 2034, and 2036. |
2024 | Slight revenue decrease to €75.9 billion, but net income further increased to €9.0 billion, with employee count growing to 327,000 |
2024 |
Fiat JTD engine
The new 2.2 Multijet Evo engine entered production.
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2024 |
Volkswagen emissions scandal
BMW settled a $6 million class-action lawsuit related to emissions issues.
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2024 | Ended licensing of the Cat phone brand of mobile phones and rugged smartphones. |
2024 | Discontinuation of the International LoneStar semitractor. |
2024 | Aspern Plant in Austria closes down. |
2024 | Grugliasco Plant in Italy discontinues production. |
2024 | Purwakarta Plant in Indonesia opens through an Indomobil joint venture, starting production of Citroën ë-C3. |
2024 | Bielsko-Biała Plant in Poland closes its operations, which had been producing engines and gearboxes since 1948. |
December 2024 | Tens of thousands of Volkswagen workers in Germany go on strike in response to company challenges. |
December 23 2024 |
Honda
Honda officially announced a Memorandum of Understanding to merge with Nissan, aiming to become the 3rd largest auto company by sales.
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December 12 2024 | Stellantis agreed to establish a joint-venture with Contemporary Amperex Technology Co. Ltd., investing €4.1 billion in a lithium iron phosphate battery plant in Zaragoza, Spain, supporting its zero carbon objective by 2038. |
December 1 2024 | Stellantis board accepted Carlos Tavares' resignation as CEO and established an Interim Executive Committee chaired by John Elkann to identify a new CEO. |
November 2024 | GM and TWG Global reached an agreement in principle to enter the 2026 Formula One World Championship under the Cadillac name, planning to use a Ferrari engine. |
November 2024 | Carlos Tavares is set to conclude his term as Chief Executive Officer of Stellantis. |
November 27 2024 | Volkswagen announced the sale of its Xinjiang factory in China, citing declining demand for combustion engine vehicles. |
November 21 2024 | Swedish battery producer Northvolt filed for bankruptcy, after Volkswagen had previously invested 1.4 billion euros in the company. |
October 2024 | GM increases investment in Lithium Americas from $650 million to $945 million to develop the Thacker Pass lithium mine in Nevada. |
October 2024 | Volkswagen plans to close at least three plants in Germany and cut jobs due to challenges with EV investments and declining Chinese sales. |
October 1 2024 | Navistar officially rebranded and became International Motors, LLC, implementing its new corporate identity. |
September 2024 | German Economy Minister Robert Habeck responds to potential mass layoffs at Volkswagen, stating the government would consider ways to help the company. |
September 30 2024 | Volkswagen experienced a 64% drop in profit for the three months ending September 2024. |
September 25 2024 | Navistar announced its plan to rebrand and change its name to International Motors, LLC, revealing a new logo and visual identity. |
August 2024 | San Francisco State University announced it would divest from Caterpillar as part of a deal with student activists, due to the company supplying equipment to the Israeli army. |
August 13 2024 | Texas Attorney General Ken Paxton filed a lawsuit against General Motors for selling detailed driver data to insurance companies like LexisNexis Risk Solutions and Verisk Analytics without consumer consent. |
August 5 2024 | Through its joint venture Orizzonte Sistemi Navali, received an order from the Italian Navy for a new patrol vessel worth approximately 236 million euros. |
July 2024 |
Mercedes-Benz
Mercedes-Benz Group sold its final ten percent stake in Denza, completely exiting the Chinese car brand.
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July 30 2024 | In the half-yearly report, confirmed orders totaling 7.6 billion euros, significantly higher than 2.1 billion in the first half of 2023 and the entire 2023 figure of 6.6 billion euros. |
July 18 2024 | Announced a partnership with Hera for optimized management of industrial waste in construction sites to achieve ESG objectives. |
July 11 2024 | Successfully completed a capital increase operation by issuing new shares worth 400 million euros after taking over the naval armaments sector from Leonardo. |
July 3 2024 | Japanese Defence Ministry announced an investigation into bribery allegations involving Kawasaki and Maritime Self-Defence Force personnel over submarine repair contracts. Kawasaki committed to establishing its own internal inspection panel to investigate potential fictitious transactions and slush funds. |
June 2024 | Announced it will cease newspaper rotary printing press production due to declining demand. |
June 2024 | Confirmed the construction of the 4th new generation submarine for the Italian Navy, with a total order value of 500 million euros. |
April 15 2024 | GM announces relocation of its global headquarters from Renaissance Center to Hudson's Detroit development in 2025. |
March 2024 | Siemens announced the creation of a new £100m digital engineering facility in Wiltshire, UK, aimed at replacing its existing rail infrastructure factory in Chippenham with a new research and development centre, expected to open by 2026. |
March 2024 | Stellantis acquired a stake in SteerLight, an optical radar start-up headquartered in Grenoble, which manufactures sensors for autonomous driving. |
February 2024 | Volkswagen Group signed a technology cooperation and joint development agreement with Chinese electric vehicle manufacturer XPeng, focusing on platform and software collaboration. |
January 2024 | Volkswagen Group began seeking international technology partners to create AI labs and develop digital prototypes using artificial intelligence. |
2023 | The United Auto Workers (UAW) launched the first-ever simultaneous strike against all three major American automakers. UAW President Shawn Fain criticized the tiered workers system, inadequate wage increases, pension issues, and proposed a four-day workweek. GM CEO Mary Barra countered by offering a 20% wage raise and 'world-class' healthcare, while arguing that meeting all 1,000+ union demands would cost over $100 billion and potentially bankrupt the company. |
2023 | Chevrolet Camaro began racing in Australian motorsports, replacing Holden's previous racing platforms. |
2023 | Siemens invested €6.1 billion in research and development, with approximately 46,900 employees dedicated to R&D and holding around 43,600 patents worldwide. |
2023 | Siemens announced a partnership with Nvidia to leverage Nvidia's Omniverse platform with Siemens' 3D design capabilities. |
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