Stokvis Tapes
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Europe

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Volvo Cars announces today it will establish a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential.

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ŠKODA AUTO has partially relocated cable harness production from Ukraine to the Czech Republic in close coordination with the affected suppliers. The car manufacturer is also securing additional production capacities in Morocco and other countries.

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Stellantis N.V. and Toyota Motor Europe N.V. (TME) today announced the expansion of their existing partnership with an agreement for a new large-size commercial van, including a battery electric version.

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Series production of the new ŠKODA ENYAQ COUPÉ iV has started at ŠKODA AUTO’s main plant in Mladá Boleslav. Like the successful, all-electric ENYAQ iV, it is based on the Volkswagen Group’s Modular Electrification Toolkit (MEB).

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Brose Sitech has been operating on the global market as an independent supplier of seat systems since January 1, 2022. The cooperation partners Brose and Volkswagen each hold a 50 percent stake in the joint venture.

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AEQUITA has reached a binding agreement with the shareholders of the IFA Group about the complete takeover of the company. IFA is a globally leading specialist in drive shafts headquartered in Haldensleben (Germany).

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Toyota Motor Manufacturing Czech Republic (TMMCZ) has started production of Yaris – The Car of the Year 2021 – at its manufacturing plant in Kolin.

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Adler Pelzer Group (“APG”) announces to have closed the process of acquisition of Faurecia Acoustics and Soft Trims (AST), after all clearances by relevant merger control authorities have been received.