GS Yuasa Corporation (Tokyo Stock Exchange: 6674; “GS Yuasa”) announced that GS Yuasa Hungary Ltd. (established in October 2017 in Hungary) has launched its operations.

In July 2019, demand for new passenger cars increased by 1.4%, with almost 1.3 million units registered across the European Union.

ZF Friedrichshafen AG (“ZF”) is making good progress with the new planned strategic focus in the commercial brakes area. As a result of this, ZF is considering options to divest its stake in Haldex AB (“Haldex”) subject to market conditions.

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Chassis Brakes International B.V. (CBI) of the Netherlands by Hitachi, Ltd (Hitachi), through its subsidiary Hitachi Automotive Systems, Ltd. (HIAMS), both of Japan.

In June 2019, new car registrations in the European Union fell by 7.8% to 1,446,183 units. To a large extent, this drop can be attributed to a negative calendar effect.

On Thursday evening the Volkswagen Group presented its best suppliers with the "Volkswagen Group Award 2019" at the Porsche Visitor Centre in Leipzig. More than 200 guests from 19 countries attended this year's 17th award ceremony.

After the signature of an agreement with the works council and the IG Metall and as mentioned in the PACE! plan, Groupe PSA will invest in the Rüsselsheim plant and create the sustainability of the site with the production of the next generation Opel Astra as of 2021.

In May 2019, the EU passenger car market recorded a modest increase (+0.1%) after eight consecutive months of decline.