| UPDATED: 3/30/17 6:53 am ET - adds financial report

ZF acquires stake in German radar sensing tech firm

ZF Friedrichshafen has acquired a 45 percent stake in Astyx Communication & Sensors, which develops and produces ultra-high-frequency radar sensors and modules.

Hyundai is working on dedicated EV platform

Hyundai is developing its first dedicated architecture for electric cars, a top executive said. The platform will allow Hyundai and sister brand Kia to sell EVs that will be "more competitive" than rival offerings, said Lee Ki-sang, a senior vice president at the automaker.