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Volvo Cars divests its holding in Aurobay to Geely Holding; to be part of new Renault-Geely powertrain company

Green Car Congress

Volvo Cars has a strategic direction to become fully electric by 2030 and shape the future of mobility. Aurobay will become part of the new global company specializing in hybrid and low- emission powertrains being formed by Renault and Geely. Earlier post.). The detailed terms of the transaction are not disclosed.

Volvo 318
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ArcelorMittal, Gestamp successfully trial low-carbon emissions steel in car parts

Green Car Congress

ArcelorMittal and Tier 1 automotive supplier Gestamp have successfully trialed the use of low-carbon emissions steel for use in car parts that will ultimately be used in the production of vehicles in Spain and throughout Europe. And it is most important for the mobility of the future that we help them to decarbonize their supply chain.

Carbon 459
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Elon Musk to discuss Tesla, SpaceX future plans in company talks

Teslarati

Elon Musk has announced that he will be holding company talks for his two biggest businesses, SpaceX and Tesla, next month. Musk’s company talks for Tesla and SpaceX were mentioned by the CEO in a post on X. Next week, I will do a company talk for SpaceX, followed later by a company talk for Tesla after the 10K.

Companies 130
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GM investing $632M in Fort Wayne Assembly for future ICE truck production

Green Car Congress

This investment will enable the company to strengthen its industry-leading full-size truck business. Product details and timing related to GM’s future trucks are not being released at this time. The announcement brings GM’s US manufacturing and parts distribution facility investment commitments to more than $31.6

GM 370
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GM investing $500M+ in Arlington Assembly for future ICE SUVs

Green Car Congress

General Motors plans to invest more than $500 million in Arlington Assembly to prepare the plant for production of future internal combustion engine (ICE) full-size SUVs, subject to successful discussions with local government officials. Product details and timing related to GM’s future full-size SUVs are not being released at this time.

Arlington 298
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Nissan field testing new mobility services as part of building sustainable future community in Japan

Green Car Congress

Nissan began a field test of new mobility services as part of a partnership to promote future community building in Japan. The partnership agreement between three local governments and eight companies aims to develop new modes of transportation, and to promote the use of renewable energy, in the Hamadori area of Fukushima Prefecture.

Japan 243
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BASF investing €16M into tire pyrolysis oil company Pyrum as part of ChemCycling project

Green Car Congress

BASF SE is investing €16 million into Pyrum Innovations AG, a technology company specialized in the pyrolysis of waste tires, headquartered in Dillingen/Saar, Germany. BASF will uptake most of the pyrolysis oil and process it into new chemical products by using a mass balance approach as part of its ChemCycling project.

Oil 259