News in numbers

80.4 million

Latest GlobalData forecast for global light vehicle sales in 2022.


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


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%).


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.


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 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.

In pictures

General Motors has marked a significant milestone in its electric vehicle future as Cadillac has started production of the 2023 Cadillac LYRIQ at GM’s Spring Hill, Tennessee, assembly plant. The Cadillac LYRIQ, the brand’s first all-electric vehicle, is built on GM’s Ultium Platform, at the heart of the company’s EV strategy. The Ultium Platform encompasses a common electric vehicle architecture and propulsion components like battery cells, modules, packs, Ultium Drive units, EV motors and integrated power electronics.