South Korean auto parts maker Mando Corp has inked a 1.4 trillion won deal to supply 50 million suspension components from June 2022 through 2033 to Volkswagen Group.
The suspension systems would be built in its European factories.
Both Volkswagen's electric vehicles based and bestselling internal combustion vehicles across its Volkswagen and Audi brands will be equipped with the suspension system.
The suspension systems maximize the vehicle's overall performance by absorbing road bumps make the ride safe and comfortable.
Mando is hopeful that the Volkswagen deal will boost its bid to tap into the European electric vehicle component market.
Volkswagen is in the midst of a shift toward battery-powered cars.


U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Google Secures Pentagon AI Deal for Classified Projects
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 



