80.4 million

Latest GlobalData forecast for global light vehicle sales in 2022.

$7.1bn

Valuation of Tenneco, being acquired in an all-cash transaction by the Apollo investor group.

10%

Ford has reaffirmed its intention to deliver a 6% EBIT margin in Europe by 2023 and a company EBIT margin of 10% by 2026.

€111 billon

BMW Group revenues in 2021 climbed to €111,239 million (prev. yr.: €98,990 million/ +12.4%).

700

Volvo Cars is expanding its presence in Stockholm by investing in a tech hub creating a workspace for 700 people skilled in software engineering, data science and analytics, product management, online business and user experience.

250,000

Hyundai Motor has completed its first manufacturing plant in Indonesia with annual production capacity of up to 250,000 units per year. The plant is the Korean automaker’s first factory to produce battery electric vehicles (BEV) in southeast Asia, beginning with the Ioniq 5.

222,892

222,892 Atlas models built and sold by Volkswagen Group of America are being recalled because the door wiring harness electrical contacts may corrode, disrupting the electrical connection and delaying the deployment of the driver or passenger front-side airbag during a side impact crash.

Volkswagen ID.Buzz

Volkswagen has shown the production model versions of its new all-electric ID. Buzz and ID. Buzz Cargo, which go on sale in the autumn in Europe. The ID. Buzz, which is built by Volkswagen Commercial Vehicles in Hannover, is also based on the VW Group’s Modular Electric Drive Kit platform (MEB).

Genesis G70 Shooting Brake

The Genesis G70 is available in only three countries. But that's about to change with Genesis' only wagon headed to Asia and America. The public premiere happened in July last year at the Goodwood Festival of Speed.

Skoda Enyaq Coupe iV

Skoda has begun production of the MEB-based all-electric Enyaq iV Coupe at Mladá Boleslav. Like the Enyaq iV, it is based on the Volkswagen Group’s Modular Electrification Toolkit (MEB). More than 120 units of the elegant coupé will be produced every day at the main plant alongside the Enyaq iV, Octavia and Octavia iV model series.

Volkswagen Amarok

Volkswagen has issued sketches of its new Amarok pickup which will be launched on the global market in 2022. VW says it will come with a host of new features including ‘numerous driver assistance systems that are new in this segment and will make daily driving much more comfortable for future Amarok customers’.

Geely Methanol Hybrid Emgrand

Geely has been testing a methanol-powered hybrid car in northern China. Geely’s ‘Methanol Hybrid Emgrand’ is based on Geely Auto’s fourth generation B-Segment Modular Architecture (BMA) Emgrand sedan and can use ‘100% clean methanol’ available in fuelling stations in China. Available soon in China.