Hyundai Motor Company and Skoda Group have signed a Memorandum of Understanding (MoU) to commence collaboration on establishing a hydrogen mobility ecosystem.

The signing ceremony took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramirez, Executive Vice-President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotny, CEO of Skoda Group.

The partnership covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products and exploring hydrogen ecosystem and value chain opportunities beyond mobility.

Ken Ramirez said, “Our partnership with Skoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic. Together with Skoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Skoda Group’s mobility products and projects.”

Petr Novotny added, “We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it's needed most.” 

Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the understanding, the partners will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Skoda Group operates, including the Czech Republic.

Hyundai Motor Company and Skoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilisation beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.

In addition, Hyundai Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group’s businesses and affiliates, enabling each stage of the entire hydrogen value chain.

Established in 2008, Hyundai Motor Manufacturing Czech (HMMC) in Nosovice has an annual manufacturing capacity of 3,50,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic.

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Renault India has officially released the ARAI-certified fuel efficiency figures for the newly launched Duster, which is now powered by the Turbo TCe 160 engine. This latest iteration of the SUV delivers a fuel economy rating of 18.45 kmpl when paired with the DCT automatic gearbox, while the version equipped with the six-speed manual transmission achieves a rating of 17.75 kmpl.

Developed specifically to suit Indian driving conditions, the vehicle combines robust performance with what Renault describes as best-in-class ride and handling characteristics. At the heart of the Duster is a turbo-petrol unit that generates 163 PS of power along with 280 Nm of torque, securing its position as the most powerful engine in its category.

Through intelligent engineering and a carefully optimised powertrain, Renault has managed to create a compelling balance that merges high output with segment-leading fuel efficiency, ensuring drivers do not have to compromise between spirited performance and economical running.

Dr V Vikraman, Chief of Renault Engineering, Renault Group India, said, “The ARAI-certified figures highlight the strength of our technology and our commitment to delivering superior all-round value. New Renault Duster’s Turbo 160 engine integrates advanced solutions such as low-friction coatings and high-pressure fuel injection to optimise combustion and efficiency. Paired with Renault’s latest DCT automatic transmission, which ensures fast and seamless gear shifts, the powertrain delivers an excellent balance of performance and fuel efficiency while remaining strong and responsive on the road.”

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South Korean automotive major Hyundai Motor Company has named Bradley J. Arnold as Chief Designer and Head of Hyundai Design North America (HDNA) in Irvine, California.

He will oversee vehicle and concept design for the North American market, focusing on the company’s design-led strategy.

Arnold rejoined Hyundai in 2016 and has held various leadership roles within the California studio. Since 2021, he led the exterior design team, contributing to the 2023 Hyundai Palisade facelift and the 2022 Hyundai Santa Cruz. His previous experience includes:

• Hyundai (2008–2011): Contributions to the Hyundai Genesis Coupe exterior and Hyundai Curb Concept interior.
• General Motors Design (2011–2016): Work on the Cadillac Elmiraj Concept, Chevrolet Tru 140S, and mobility concepts.
• Academic: Graduate of and former instructor at the ArtCenter College of Design.

In 2025, Arnold served as interim design head at HDNA, where he managed the development of production and concept vehicles. He directed the global XRT off-road strategy within 'The Sandbox,' a design hub at the California studio.

Under his guidance, this facility has produced the 2026 Palisade XRT PRO, the CRATER Concept, and upcoming XRT models scheduled for production.

Luc Donckerwolke, Executive Vice-President and Chief Creative Officer, Hyundai Motor Group, said, “Design is the clearest expression of our ambition as a brand. Brad brings clarity, courage, and a strong connection to North American customers. His leadership will be instrumental as Hyundai Design North America shapes vehicles that are both emotionally engaging and globally relevant.”

SangYup Lee, Executive Vice-President and Head of Hyundai and Genesis Global Design, commented, “With more than 18 years of experience working with highly respected global automotive brands, Brad brings an exceptional level of creative leadership and vision. We are excited to have him lead Hyundai Design North America and build on the strong momentum of our vehicle design direction.”

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Volvo Car UK has appointed Matt Benns as its new Commercial Operations Director, effective 30 March 2026. Reporting to Managing Director Nicole Melillo Shaw, he will join the UK Executive Management Team. In this capacity, Benns assumes responsibility for New, Used and Fleet car sales, alongside the Direct-to-Consumer offering, Network Development and Aftersales.

Benns brings a diverse automotive background defined by delivering transformation across OEM brands, retail networks and software ecosystems. He joins from his role as CEO of ELLA Digital, with prior global positions at Auto.Works, Keyloop, Connect Auto, Volkswagen Group UK and Mazda UK. His extensive experience will be instrumental in driving commercial performance across Volvo Car UK’s operations.

Nicole Melillo Shaw, Managing Director, Volvo Car UK, said, “Matt has a proven track-record and deep industry expertise, coupled with digital and direct-to-consumer experience, which make him a fantastic addition to our team in the UK. As we continue to accelerate our growth, and strengthen our position in the market, his vision and energy will play a key role in shaping our future success and I am looking forward to working together.”

Benns said, “Volvo Cars has long stood for innovation, safety and progressive thinking, so it’s a privilege to join the business at such a pivotal time with the upcoming launch of the Volvo EX60. I’m looking forward to working with the talented teams across the organisation and our retail partners to build on the brand’s strong foundations and unlock new opportunities for growth.”

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Volkswagen-owned luxury brand Bentley Motors has recorded its seventh consecutive year of profitability, with a reported operating profit of EUR 216 million for 2025. The results reflect an operating return on sales of 8.3 percent, achieved despite global market contraction and one-off accounting charges.

The company reported revenue of EUR 2.6 billion, a flat degrowth of one percent compared to the previous year. This resilience was attributed to disciplined pricing and a shift toward higher-margin derivatives.

Key financial factors included:

• Model Mix: Increased demand for Mulliner bespoke personalisation and Speed derivatives supported average revenue per vehicle.
• Volume: Customer deliveries declined by 5 percent, driven primarily by market conditions in China.
• External Impacts: Profitability was affected by the discontinuation of a Volkswagen Group D-segment platform, U.S. tariffs and foreign exchange fluctuations.

The Bentayga remains the brand’s best-selling model, bolstered by the market entry of the Bentayga Speed in late 2025. The year also saw the introduction of the fourth-generation Continental GT and Flying Spur, both featuring a new V8 hybrid powertrain.

Bentley is currently self-funding a transformation of its Pyms Lane site in Crewe to prepare for its first Battery-Powered Electric Vehicle (BEV). Construction is nearing completion on the A1 building, which will house the future BEV assembly line, and a new paint shop is scheduled to open later this year.

To improve long-term competitiveness, Bentley has announced a consultation programme that may result in the removal of 275 positions. These adjustments affect management, agency, and non-manufacturing roles as the business prepares for its next phase of electrification.

Dr Frank-Steffen Walliser, Chairman and CEO, Bentley Motors, said, “2025 was a pivotal year for Bentley as we continue our preparation of the next generation of Bentleys including our upcoming all-electric model. Our high-performance Continental GT and Flying Spur have set new benchmarks for desirability, while the Bentayga remains our best-selling model with the new Speed derivative entering key markets. The all-new Bentley Supersports opened a new chapter for Bentley and underlines our sportiness and driver orientation. We are investing at unprecedented levels in the Pyms Lane site, including the Design Centre, opened in July last year, the near completion of the A1 building for BEV production, and the upcoming opening of the new Paint Shop later this year. At the same time, we are making some difficult decisions to ensure the long-term competitiveness of the business, including an organisational adjustment potentially impacting approximately 275 positions. I want to express my sincere appreciation to those affected - we are committed to supporting each individual with care, guidance and assistance throughout this transition. These actions, alongside our investments and Beyond100+ strategy, ensure Bentley remains financially resilient, strategically focused and well-positioned for the next generation of luxury vehicles.”

Axel Dewitz, Board Member for Finance and IT, Betley Motors, commented, "Bentley has delivered a seventh consecutive year of profitability, demonstrating strong underlying financial performance despite a challenging macro environment. While reported results reflect a non-recurring accounting impact and external trade effects, the underlying business remains resilient. Revenue quality is supported by disciplined pricing and a rich model mix, with Mulliner bespoke demand continuing to grow. These results give us confidence that Bentley’s financial foundation is solid, whilst highlighting the need to continue to invest in our future product portfolio and site transformation.”

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