ZF Friedrichshafen acquires 35% stake in autonomous vehicle specialist ASAP

ASAP specializes in developing and testing software and electronic architecture for human to machine interfaces, software for autonomous driving, and car-to-x communication. As part of its strategic push into the future of mobility, car parts maker ZF Friedrichshafen has acquired a 35% stake in ASAP – a Germany-based company which specializes in developing software and…

VW to hardware retrofit select older diesel cars in Germany

Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…

Schaeffler Technologies AG acquires Space Drive from Paravan GmbH

Schaeffler is acquiring the the drive-by-wire technology since it thinks it will play an key role in the coming self-driving range of vehicles. On Monday, Schaeffler Technologies AG, a German automotive supplier disclosed it was in the process of acquiring Space Drive, a drive-by-wire technology provider, from Paravan GmbH since it would play a key…

U.S. Administration efforts aimed at mitigating issues arising out of Beijing’s ‘Made in China 2025’

The U.S. Administration is increasingly boosting efforts to tilt, what has so far been so far in recent history, a one-sided affair, of collaboration and forced technology transfer from the U.S. to China. Beijing’s Made in China 2025 industrial policy has opened the administration’s eye to China’s furtive motives of leveraging the dual benefits of…

China’s Guangzhou Automobile Group Co Ltd warns U.S.-China trade war will impacts its entry into U.S market

The Chinese automakers stated if the U.S. were to impose stiff penalties on Chinese vehicle exports, its planned entry into the U.S. market by 2019 will be significantly affected. On Wednesday, China’s Guangzhou Automobile Group Co Ltd stated the brewing trade conflict between China and the United States, especially if stiff tariffs were imposed, its…