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    CEVA launches high-performance sensor hub DSP architecture for automotive applications
    CEVA has announced the availability of SensPro, a high-performance sensor hub DSP architecture for a range of sensor processing and sensor fusion workloads for contextually aware devices, a company press release on 7 April read. The architecture and cores will be made available for general licensing...
    09-Apr-2020 News New Products
    INVESTMENT: Toyoda Gosei invests in IoT service provider Uhuru
    Toyoda Gosei Co has made an investment in Uhuru Corp, the company said in a press release on 8 April. Uhuru provides solutions using data in cloud computing and edge devices. The details of the investment were not disclosed. The collaboration will allow Toyoda Gosei to enhance value in products a...
    09-Apr-2020 News Investments
    Regulus Cyber collaborates with Harman for automotive cyber security
    Regulus Cyber has, on 6 April, announced a collaboration with Harman for a software-based cyber-security solution designed to protect GPS in automotive use cases. It will be part of Harman’s risk management solution to vehicle manufacturers and mobility companies called solution Harman Shield. ...
    Bean Tech selects Cerence ARK to build AI-powered assistant for Great Wall Motors 
    Cerence has announced that Bean Tech has selected Cerence ARK (AI Reference Kit) to build AI-powered automotive assistants for Great Wall Motors, a company press release on 8 April stated. Cerence ARK is an automotive solution that combines AI-powered voice assistant features such as wake-up...
    Volkswagen sets up JV to produce flexible quick charging stations in China
    Volkswagen has set up a joint venture (JV) with Shanghai DU-POWER New Energy Technical to produce flexible quick charging stations in mainland China, Volkswagen announced in a press release on 8 April. Series production of the flexible quick charging stations is currently scheduled to start in the s...
    EVBox and and has·to·be sign EV charging roaming agreement
    EVBox and has.to.be have signed an roaming agreement for electric vehicle (EV) charging services, EVBox announced in a press release on 7 April. Under the agreement, both companies will grant each other access to their charging networks that are spread throughout Europe. “We at EVBox are on a m...
    COVID-19 pandemic: Arconic implements ‘mitigating actions’ to reduce operating costs
    In a press release dated 8 April, Arconic has announced several ‘mitigating actions’ to reduce operating costs due to the coronavirus disease 2019 (COVID-19) pandemic. The actions are estimated to reduce operating costs by approximately USD150 million on an annualized run-rate basis. These ...
    09-Apr-2020 News COVID-19
    COVID-19 pandemic: voestalpine expects pandemic to impact performance in FY2019/20
    In a press release dated 7 April, voestalpine announced that it expects coronavirus disease 2019 (COVID-19) pandemic to negatively influence the financial result of the fiscal year 2019/20 which ended 31 March 2020, both operationally and through one-time effects. Voestalpine expects a slightly redu...
    09-Apr-2020 News COVID-19
    COVID-19 pandemic: Hengst Filtration to start production of breathing masks in Germany
    Hengst Filtration is gearing up to start production of breathing masks at its plant in Münster, Germany, after 12 April (Easter), in response to the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press release last week. “We are now using our high level of expertise in air fi...
    09-Apr-2020 News COVID-19
    COVID-19 pandemic: Akebono Brake declares additional company holidays in Japan
    Japanese manufacturer of braking systems and components, Akebono Brake Industry Co. Ltd., has announced that it has taken the decision to grant additional company holidays for employees from nonmanufacturing departments at its facilities located in Japan. According to a press release from Akebono Br...
    09-Apr-2020 News COVID-19
    COVID-19 pandemic: Valmet begins production of safety mask at Polish plant
    Valmet Automotive has started production of safety masks at its Zary plant in Poland, in response to the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press release on 8 April. According to Valmet, its Zary plant, which makes roof systems for convertible for premium cars a...
    09-Apr-2020 News COVID-19
    M&A: Novelis receives last clearance from European Commission for acquisition of Aleris
    Novelis Inc. has received the final clearance from the European Commission for its proposed acquisition of Aleris Corporation, a global supplier of rolled aluminum products, Novelis announced in a press release on 8 April. Novelis secured final approval from the Commission for the sale of Aleri...
    COVID-19 pandemic: Michelin, CEA, other industrial partners collaborate to produce reusable face mask in France
    Michelin has joined forces with The French Alternative Energies and Atomic Energy Commission (CEA) and other industrial partners to help in the production of reusable face masks in France to fight the ongoing coronavirus disease 2019 (COVID-19) pandemic, Michelin announced in a press release on 8 Ap...
    09-Apr-2020 News COVID-19
    COVID-19 pandemic: Tire maker ZC Rubber resumes full production in Thailand and China
    Tire manufacturer Zhongce Rubber Group Co. Ltd. (ZC Rubber) has announced that it has reopened its factories in Thailand and mainland China and resumed manufacturing operations. According to a press statement issued by ZC Rubber on 8 April, the company has stated that production has returned to full...
    09-Apr-2020 News COVID-19
    COVID-19 pandemic: Nokian Tyres extends temporary closure of US plant until 26 April
    Finnish tire maker Nokian Tyres has announced that it will be extending the temporary closure of its Dayton factory in the United States due to the ongoing coronavirus disease 2019 (COVID-19) pandemic, according to a company press release on 8 April. The company informed that its US factory will now...
    09-Apr-2020 News COVID-19
    COVID-19 pandemic: Faurecia to lay off 450 workers in Portugal
    Faurecia is gearing up to lay off 450 temporary contractors at two of its plants in São João da Madeira, Portugal, in response to novel coronavirus (COVID-19) pandemic, local publication Expresso reported on 8 April. Faurecia Moldados employs around 1,200 workers, while Faurecia Metal has 900 work...
    08-Apr-2020 News COVID-19
    COVID-19 pandemic: GM shares production process for medical face masks with suppliers
    General Motors (GM) is encouraging its suppliers to assist in ramping up the production of medical face masks for healthcare professionals fighting the coronavirus disease 2019 (COVID-19) pandemic, CNBC reported on 5 April. The automaker has shared its step-by-step process to produce these masks wit...
    08-Apr-2020 News COVID-19
    Synopsys develops 64-bit ARC processor IP for automotive control and infotainment
    Synopsys has developed new DesignWare ARC HS5x and HS6x processor IP families for high-performance embedded applications such as automotive control and infotainment, the company said in a press release on 7 April. The processors can be configured for real-time operations and contains an advanced ...
    08-Apr-2020 News New Products
    COVID-19 pandemic: NXP Semiconductors expects Q1 FY 2020 revenue to fall 3.5% y/y to USD2.02 billion
    NXP Semiconductors has further cut its first quarter for full year 2020 estimates, citing worse than anticipated impact from the coronavirus disease (COVID-19) pandemic, a company press release from 7 April read. The company expects the first quarter revenue to fall around 3.5% year on year (y/y) to...
    08-Apr-2020 News COVID-19
    M&A: Infineon gets final regulatory approvals to acquire Cypress Semiconductor
    Infineon Technologies has announced it has received all necessary regulatory approvals for its acquisition of Cypress Semiconductor Corp, a company press release on 7 April showed. Infineon expects to close the transaction within five business days. The transaction will be funded through a combin...
    M&A: Recticel divests controlling stake in Automotive Interiors division, 50% stake in Eurofoam JV
    Recticel has entered into a definitive agreement with a Germany-based private investment firm Admetos GmbH to partially divest its ownership in Automotive Interior business, the company said in a press release on 6 April. Under the agreement, Recticel’s Automotive Interior division will be transfe...
    COVID-19 pandemic: Nemak uses 3D printing technology at Mexican facility to produce splitters for ventilator
    Nemak is using 3D printing technology to produce splitters for Ventilators at its Monterrey plant in Mexico, the company announced in a press release on 1 April. Nemak is producing the splitters as part of the Mexico United Against COVID-19 (México unido contra el COVID-19) initiative. ...
    08-Apr-2020 News COVID-19
    COVID-19 pandemic: Nemak temporarily stops production at certain plants and production lines
    Nemak has temporarily suspended production at certain plants and production lines due to coronavirus disease 2019 (COVID-19) pandemic, the company announced in a press release on 7 April. The shutdowns are in accordance with emergency declarations issued in certain jurisdictions where the plant is l...
    08-Apr-2020 News COVID-19
    COVID-19 pandemic: UK delays roll-out of clean air zones until 2021
    The UK government is planning to delay the roll-out of clean air zones until January 2021, Autocar reported on 7 April, citing a letter from Rebecca Pow, a junior minister at the Department for Food, Environment and Rural Affairs (Defra). This is to allow the government and companies to focus attent...
    08-Apr-2020 News COVID-19
    Osram appoints Kathrin Dahnke as CFO
    The supervisory board of Osram Licht AG has appointed Kathrin Dahnke as new CFO, according to a company press release on 7 April. Effective 16 April, she will be responsible for the financial business of Osram. "Kathrin Dahnke has extensive experience with medium-sized as well as listed companies...
    Blink Charging develops new mobile EV charging station
    US-based Blink Charging has launched its innovative new mobile electric vehicle (EV) charging station, according to a company press release on 6 April 2020. The new mobile EV charging station supports 240V AC charging and provides up to 9.6 kW of charge. According to the company, at this charging ra...
    08-Apr-2020 News New Products
    LANXESS develops all-plastic brake pedal for electric sports car
    LANXESS’ High Performance Materials (HPM) business unit, in partnership with BOGE Elastmetall, has developed what it claims to be the first all-plastic brake pedal for a mass-production battery-electric sports car, LANXESS said in a press release on 7 April. BOGE Elastmetall is a global provide...
    08-Apr-2020 News New Products
    COVID-19 pandemic: Woodbridge produces face masks at Canadian plant
    Canadian supplier Woodbridge is producing face masks at its Ontario plant in Canada to fight the coronavirus disease 2019 (COVID-19) pandemic, according to a report by The Canadian Press on 7 April. The company has produced the first 1,000 Level 3 masks. "Woodbridge, together with the Automotive ...
    08-Apr-2020 News COVID-19
    Skoltech develops new cathode material for metal-ion batteries
    Researchers from the Skoltech Center for Energy Science and Technology (CEST) have developed a new cathode material based on titanium fluoride phosphate for metal-ion batteries, according to a press release on 23 March on CEST website. The new material achieves high energy performance and stable ope...
    08-Apr-2020 News New Products
    COVID-19 pandemic: Henkel withdraws financial forecast for FY 2020
    Henkel has withdrawn its financial forecast for the fiscal year 2020, published in the Annual Report 2019, due to coronavirus disease 2019 (COVID-19) pandemic, the company announced in a press release on 7 April. Henkel said that as soon as it is possible to make a sufficiently reliable evaluation o...
    08-Apr-2020 News COVID-19
    COVID-19 pandemic: Garrett Motion draws down revolving credit, withdraws FY 2020 outlook
    Swiss powertrain components supplier Garrett Motion has announced that it has withdrawn its outlook for the present fiscal year and taken steps to tide over the volatile market conditions caused by the coronavirus disease 2019 (COVID-19) pandemic. A business update will be provided when the company ...
    08-Apr-2020 News COVID-19
    Freudenberg FY 2019 sales climbs 1.6% y/y in mainland China, local investments rise by 83%
    Germany-based automotive components and technology firm, Freudenberg, has announced its financial results for the fiscal year 2019. According to a press release issued by Freudenberg on 8 April, the company has stated that it registered sales of EUR9.47 billion (approximately USD10.37 billion) durin...
    Volvo to use ‘Recharge’ label for all electric models with charging cables
    Volvo will use the ‘Recharge’ label as a suffix for all its electric models with charging cables, which will include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), the company announced in a press release on 7 April. Volvo Cars has also announced the addition of T...
    COVID-19 pandemic: Electric truck startup Rivian delays production to 2021
    Electric vehicle (EV) startup Rivian has postponed the production of its first all-electric vehicle to 2021 due to the coronavirus disease 2019 (COVID-19) pandemic, Chicago Tribune reported on 6 April, citing a company spokesperson. According to the report, the temporary shutdown of the facility due...
    07-Apr-2020 News COVID-19
    Fortescue, ATCO partner for hydrogen refueling infrastructure deployment in Australia
    Fortescue Metals Group (Fortescue) and ATCO Australia have partnered to explore deployment of hydrogen vehicle fuelling infrastructure in Western Australia, Fortescue announced in a press release on 6 April. The two companies will collaborate to build and operate a combined hydrogen production and r...
    COVID-19 pandemic: Lear publishes ‘Safe Work Playbook’ to address challenges related to resuming operations
    Lear has published ‘Safe Work Playbook’, an interactive guide on steps and best practices for health and safety procedures, cross-functional teamwork, operating disciplines, and training for employees in response to the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press re...
    07-Apr-2020 News COVID-19
    Enovix raises USD45 million for developing 3D silicon lithium-ion battery
    Enovix has secured USD5 million in funds for developing and commercializing its 3D Silicon Lithium-ion Battery, the company announced in a press release on 31 March. The company informed that the funding sources include a major new strategic investor, current investors (including T. J. Rodgers and Y...
    Audi e-tron Sportback features high-voltage battery system and recuperation
    In a press release dated 2 April, Audi has revealed more powertrain details about the new all-electric e-tron Sportback. The crossover will come with a 95 kWh high-voltage battery system with recuperation, which enables a range of 446 kilometers (277.1 miles), according to WLTP. Each axle is fitted ...
    07-Apr-2020 News New Products
    ‘Multi-Car Collision Avoidance’ project in UK aims to prevent motorway pileups
    The Innovate UK and the Centre for Connected and Autonomous Vehicles (CCAV) has initiated a new project to prevent motorway pileups, IoT Tech News reported on 27 March. The project, called Multi-Car Collision Avoidance (MuCCA), is led by a consortium including Applus Idiada, Cranfield University, We...
    Cognitive Pilot develops miniature radar sensor for autonomous vehicles
    Cognitive Pilot has developed a miniature radar sensor for autonomous vehicles, it said in a press release. According to the company, the Cognitive Mini Radar can provide accurate velocities, direction, and coordinates of objects, even in harsh weather conditions such as rain and snow at both day an...
    07-Apr-2020 News New Products
    Volkswagen receives 20,000 orders for all-electric e-up!
    Volkswagen (VW) has received 20,000 orders for its all-electric e-up! model in Germany over the first three months of 2020, the automaker announced in a press release on 30 March. Significance: The increased demand comes after VW updated the e-up! for the 2020 model year in 2019 with a much longe...
    Autonomous driving startup Helm.ai raises USD13 million
    Helm.ai, which develops autonomous vehicle technology, has raised USD13 million, Tech Crunch reported on 26 March. Its investors in the seed round includes A.Capital Ventures, Amplo, Binnacle Partners, Sound Ventures, Fontinalis Partners, and SV Angel. Angel investors included are Berggruen ...
    07-Apr-2020 News Investments
    Chinese EV battery supplier Farasis receives regulatory approval to raise USD479 million
    Mainland Chinese electric vehicle (EV) battery maker Farasis Energy has received regulatory approval to raise approximately CNY3.4 billion (USD479 million) in an initial public offering (IPO) on China's Nasdaq-like STAR board, according to a Reuters report on 2 April citing a statement by the Shangh...
    Nuro secures permit to test autonomous vehicles Texas, US, without human controls
    California-based robotics firm Nuro has secured a permit to test its self-driving vehicles in Houston, Texas, US without human controls, according to a company press release on 6 February. The US Department of Transportation (DOT) and the National Highway Traffic Safety Administration (NHTSA) approv...
    Foresight Autonomous announces additional features to its C-V2X solution
    Foresight Autonomous has announced that its wholly owned subsidiary, Eye-Net Mobile has integrated additional features to its Eye-Net Protect cellular-based vehicle-to-everything (C-V2X) accident prevention solution. In a press release dated 6 April, Foresight said that the advanced features will...
    COVID-19 pandemic: Ford extends production halt in Europe until 4 May
    American carmaker Ford has announced that it will be extending the closure of its production facilities in Europe, in light of the ongoing coronavirus disease 2019 (COVID-19) pandemic. According to a press release issued by Ford on 3 April, the company will continue to keep its vehicle and engine ma...
    07-Apr-2020 News COVID-19
    COVID-19 pandemic: Nissan extends plants closures across Europe
    Japanese automaker Nissan has announced that it will be extending the suspension of production across all of its facilities located in Europe, owing to the coronavirus disease 2019 (COVID-19) pandemic. The steep drop in demand of new vehicles has also contributed in this decision. In a press stateme...
    07-Apr-2020 News COVID-19
    COVID-19 pandemic: IAC, Mann+Hummel, ZF announce layoffs in US
    The extended production suspensions by most of automakers in the United States amid the coronavirus disease 2019 (COVID-19) pandemic has severely affected their supplier base. Several tier-1 suppliers in the largest automotive market in North America have announced temporary stoppage of manufacturin...
    07-Apr-2020 News COVID-19
    COVID-19 pandemic: Benteler produces holders for face masks on 3D printers at Spanish plant
    Benteler has announced that it will be producing holders for face masks on 3D printers, a company press release on 6 April read. The holders are used to produce masks and will be donated to the Galician health service in Spain due to the coronavirus disease 2019 (COVID-19) pandemic. Significance:...
    07-Apr-2020 News COVID-19
    Nissan recalls 216,678 vehicles in US over defective airbags
    Nissan North America, Inc. is recalling 216,678 vehicles in the United States over defective airbags, according to a recall notice on the website of the National Highway and Transport Safety Authority (NHTSA) on 30 March. The recall covers certain model year (MY) 2012–17 NV Cargo and NV Passenger ...
    07-Apr-2020 News Recalls
    COVID-19 pandemic: Mayo Clinic in US state Florida uses autonomous vehicles to transport test samples
    The Jacksonville Transportation Authority (JTA) has partnered with Beep, an autonomous shuttle fleet service provider, and NAVYA, a provider of autonomous driving systems, to use autonomous vehicles to facilitate the safe transport of coronavirus disease 2019 (COVID-19) tests collected at a drive-th...
    07-Apr-2020 News COVID-19
    TS Tech supplies lightweight seat for new Honda Fit in Japan
    Japanese interior parts supplier TS Tech has developed a lightweight seat for the new Honda FIT in Japan, according to a company press release on 1 April. The next generation seat frame uses ultra-high-tensile steel and weight reduction technologies such as thin-plate welding technology. TS Tech cla...
    Mercedes-Benz recalls 9,791 vehicles in US to replace engine oil plugs
    Mercedes-Benz is recalling 9,791 vehicles in the United States to replace engine oil plugs, according to a recall notice on the website of the National Highway and Transport Safety Authority (NHTSA) on 20 March. The recall affects certain model year (MY) 2018–19 S560 and Maybach S560 vehicles equi...
    07-Apr-2020 News Recalls
    Autonomous vehicle startup Qcraft raises USD24 million in seed funding
    Autonomous vehicle startup Qcraft has raised over USD24 million in seed funding. According to a company press release on 3 April, the investors include IDG Capital, Vision+ Capital, and Tide Capital. Significance: The company will use the capital to further develop its large-scale intelligent sim...
    COVID-19 pandemic: Hyundai Wia suspends operations at engine plant in South Korea for four days
    Hyundai Wia, a subsidiary of Hyundai Motor Group, has temporarily suspended operations at its manufacturing plant in Pyeongtaek, Gyeonggi Province, South Korea, for four days from 6–9 April, due to the coronavirus disease 2019 (COVID-19) pandemic, BusinessKorea reported on 7 April. The Pyeongtaek ...
    07-Apr-2020 News COVID-19
    COVID-19 pandemic: Honda extends manufacturing halt in US and Canada until 10 April
    Japanese carmaker Honda has announced that it will be extending its suspension of production activities at its plants located in the United States and Canada. This is being done in order to stem the ongoing coronavirus disease 2019 (COVID-19) pandemic and in response to falling demand from car buyer...
    07-Apr-2020 News COVID-19
    Suppliers expect adoption of interior surface lighting to increase over next three to seven years
    Interior surface lighting is where “light meets surface”, and this is achieved by concealing lighting behind a layer of fabric within the surfaces of a vehicle’s passenger compartment. According to IHS Markit research, vehicle buyers nowadays prefer vehicle exteriors with hidden or concealed l...
    Denso, Tokyo Institute of Technology set up ‘Denso Mobility Collaborative Research Center’ 
    Denso Corp has announced that it has established the Denso Mobility Collaborative Research Center jointly with Tokyo Institute of Technology, a company press release on 1 April read. The research center will promote joint research with the support of Tokyo Tech’s open innovation platform from r...
    Transatel launches global automotive cellular connectivity platform
    Transatel has launched a global cellular connectivity platform specifically designed for the automotive sector, it said in a press release on 1 April. The IoV Connect is available in platform-as-a-service (PaaS). The platform has ‘MNO selection at network-level’ which means any addition, remo...
    06-Apr-2020 News New Products
    INVESTMENT: NXP Semiconductors invests in Fabless semiconductor company Kalray
    NXP Semiconductors has invested EUR8 million (around USD9 million) in Kalray, a company press release on 2 April read. Using NXP’s automotive solutions and Kalray MPPA (Massively Parallel Processor Array) intelligent processors, the companies will develop safe, reliable, and scalable solution...
    06-Apr-2020 News Investments
    AutoTechInsight Weekly – 6 April 2020
    Click the link above to download this week's issue
    COVID-19 pandemic: Cooper Tire extends plant closures in the Americas
    American tire maker Cooper Tire & Rubber Company has announced that it will be extending the planned shutdowns of its production facilities throughout the Americas, in response to falling demand due to the coronavirus disease 2019 (COVID-19) pandemic. According to a press release issued by th...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Denso’s US plant to produce face shields for healthcare workers
    Denso has announced that its manufacturing facility at Tennessee, US, will be producing thousands of face shields to help protect health care workers from the coronavirus disease 2019 (COVID-19) pandemic. Initially Denso’s employees in Tennessee designed, produced, and donated 30 prototype...
    06-Apr-2020 News COVID-19
    EV sales in Norway fall 35.1% y/y to 6,966 in March
    Sales of electric cars in Norway fell 35.1% year on year (y/y) to 6,966 units, in March, according to (Opplysningsrådet for veitrafikken) OFV, which cited data from the Norwegian Public Roads Administration. Zero-emission cars constituted 55.9% of Norway’s total car market in March, compared...
    Wuling unveils all-electric van Rong Guang
    Mainland Chinese automaker Wuling has showcased an all-electric van Rong Guang, General Motors (GM), Wuling’s partner, announced in a press release on 1 April. The minivan has a range of 300 km on a single charge and supports DC fast charging. The electric version of Rong Guang is scheduled to be ...
    06-Apr-2020 News New Products
    Mercedes-Benz conducts research on organic battery technology for EVs
    Mercedes-Benz is conducting research on development of battery technology for electric vehicles (EV), Autocar reported on 2 April, citing Andreas Hintennach, Mercedes' senior manager of battery research. The technology was showcased by Mercedes-Benz on its Vision AVTR concept car unveiled earlier th...
    Audi offers MY 2020 S6 and S7 with electric-powered compressor in US
    Audi is offering its model year (MY) 2020 S6 and S7 with electric-powered compressors (EPC) in the United States, the company announced in a press release on 24 March. The EPC comes  paired to the 2.9L, twin-turbocharged turbo fuel stratified injection (TFSI) V6 engine. It consists of an electr...
    06-Apr-2020 News New Products
    COVID-19 pandemic: voestalpine adopts short-time work, temporary shutdowns in plants across various countries
    In a press release dated 23 March, voestalpine announced that it is adopting short-time work in around 50 European Group companies in Austria as well as Germany, Belgium, and France. The company also said that several sites in countries including France, Italy, Peru, Brazil, and the US hav...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Elmos Semiconductor to resume short-time operations from mid-April
    Elmos has said that it would resume short term operations from mid-April, according to a company press release on 3 April. Additionally, the company announced that management board will waive 10% of their monthly salaries. “The introduction of short-time work will moderate the financial consequ...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Michelin partially resumes production in France
    French tire maker Michelin has partially restarted production activities in France, according to a report filed by news publication Franceinfo on 4 April. The company has restarted production at three sites located in Troyes (Aube), Puy-en-Velay (Haute-Loire) and Clermont-Ferrand (Puy-de-Dôme). Acc...
    06-Apr-2020 News COVID-19
    Autonomous vehicle startup Phantom AI raises USD20 million in series A financing round
    Developer of a vehicle-agnostic autonomous driving platform Phantom AI has raised USD22 million in Series A financing, according to a company press release on 2 April. The funding round was led by Celeres Investments with participation from Ford Motor Company and KT as well as existing investors Mil...
    06-Apr-2020 News Investments
    COVID-19 pandemic: Nokian Tyres’ Russian factory set to resume production on 6 April
    Nokian Tyres is resuming operations at its Russian factory in Vsevolozhsk on 6 April, as previously planned, the tire maker announced in a press release on 4 April. “The restrictions adopted by the President Decree dated 2 Apr 2020, extending the "nonworking regime' until the end of April, do n...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: SMMT urges UK government to introduce measures to support automotive suppliers
    The Society of Motor Manufacturers (SMMT) has requested that the UK government immediately introduce measures to supports auto parts suppliers whose business have been severely hit due to comprehensive production suspensions at their customers amid the coronavirus disease 2019 (COVID-19) pandemic, R...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Yokohama suspends production at US plant for a fortnight
    Yokohama Tire Corp. has suspended production at its passenger and light truck tire plant in Salem city in the US state Virginia for at least two weeks beginning 5 April in response to the rapid spread of the coronavirus disease 2019 (COVID-19) pandemic, according to a report by Tire Business on 3 Ap...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Varroc extends temporary closure of all Indian factories until 14 April
    Varroc Engineering Limited has stated that it will extend the temporary closures of its production facilities in India until 14 April, according to a notice sent by the company to the Bombay Stock Exchange on 1 April. The shutdown is being extended due to the lockdown imposed by the government of In...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Tenneco withdraws FY 2020 outlook, cuts production globally
    Tenneco has decided to withdraw its first quarter and full year financial guidance issued in March due to the uncertainty driven by the unpredictability of the COVID-19 pandemic and associated negative impact on demand, according to a company press release on 3 April. Additionally, the compa...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Marelli extends European shutdown until 13 April
    Marelli has extended temporary suspension of production activities at majority of its plants in Europe until 13 April due to the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press release sent to IHS Markit on 3 April. According to the company, the extension is applicable to i...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Volkswagen, Faurecia collaborate to produce personal protective equipment
    Volkswagen of America, a subsidiary of the Volkswagen Group in the United States, has collaborated with Faurecia to produce personal protective equipment (PPE) items for healthcare professionals fighting the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press release on 3 April...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Automotive Supplier Plant Downtime Tracker (updated on 6 April)
    Click the link above to download 'COVID-19 pandemic: Automotive Supplier Plant Downtime Tracker'
    06-Apr-2020 Insights COVID-19
    COVID-19 pandemic: Pirelli takes steps to mitigate economic impact
    Italian tire manufacturer Pirelli has taken a slew of measures in an attempt to mitigate the economic impact caused to the company due to the ongoing coronavirus disease 2019 (COVID-19) pandemic. According to a press statement released by Pirelli on 3 April, the steps include a reduction in compensa...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Goodyear extends plant closures in the Americas indefinitely
    American multinational tire manufacturer Goodyear Tire and Rubber Company has announced that it will be extending the planned shutdowns of its production facilities in the Americas, owing to the ongoing coronavirus disease 2019 (COVID-19) pandemic that is spreading aggressively in the region. Acc...
    06-Apr-2020 News COVID-19
    COVID-19 pandemic: Gerhardi operates production plants at reduced capacity in Germany
    Automotive supplier Gerhardi has scaled down operations at its plants in Germany to prevent the spread of the coronavirus disease 2019 (COVID-19) pandemic. The company is currently operating three days per weeks for two weeks (30 March to 8 April) at its plants in Ibbenbüren, Lüdenscheid...
    03-Apr-2020 News COVID-19
    COVID-19 pandemic: Kongsberg to raise EUR100 million to meet liquidity needs
    Kongsberg has announced that it intends to raise around EUR100 million through a mixture of convertible bonds and shares in order to meet its liquidity needs, the company said in a press release on 3 April. It will also increase its credit facility of EUR20 million. The liquidity need...
    03-Apr-2020 News COVID-19
    COVID-19 pandemic: Rheinmetall to supply German authorities with up to 6 million masks 
    Rheinmetall has announced that it would be supplying high-quality respiratory protection masks to the German government, a company press release on 2 April read. Around a million Chinese-made masks will be supplied to the Bundeswehr procurement authorities in Koblenz. Along with a partner compa...
    03-Apr-2020 News COVID-19
    COVID-19 pandemic: ABC Technologies lays off 680 employees at US plant
    ABC Technologies has laid off 680 people at its Gallatin plant in the United States, Nashville Post reported on 2 April. The layoff is due to the impact of the coronavirus disease 2019 (COVID-19) pandemic. Nashville Post added that ABC officials could not be reached for comment on the issue. Sign...
    03-Apr-2020 News COVID-19
    Opel launches new app for EV charging services
    Opel has launched an app for charging services for electric vehicles (EVs), the automaker said in a press release on 2 April. The new Free2Move Services app allows finding charging stations and pay comfortably with invoice. For example, Opel Corsa-e or Grandland X plug-in hybrid drivers can book ...
    03-Apr-2020 News New Products
    M&A: BorgWarner-Delphi acquisition clears regulatory hurdle
    US-based automotive powertrain components supplier BorgWarner’s planned acquisition of Delphi Technologies has received the requisite antitrust clearance from the Federal Trade Commission. The acquisition is being monitored closely since it came under risk when Delphi drew down its full USD500 mil...
    COVID-19 pandemic: Goodyear suspends operations in Americas until further notice
    American multinational tire maker Goodyear Tire & Rubber Company has announced that it has put all of its manufacturing operations in the American region on hold due to the ongoing coronavirus disease 2019 (COVID-19) pandemic. According to the company, this suspension on production will last unt...
    03-Apr-2020 News COVID-19
    EV startup e.GO Mobile applies for protective shield procedures
    Electric vehicle (EV) startup e.GO Mobile has applied for protective shield procedures to order self-administration at the Aachen District Court, the company announced in a press release on 2 April. "This is another challenge from the outside in the only five-year history of e.GO. Our mainly st...
    Audi plans to launch 20 all-electric models by 2025
    Audi is planning to launch 20 all-electric models globally by 2025, the company announced in a press release on 31 March. These upcoming  all-electric vehicles will be underpinned by four distinct platforms—Modular longitudinal platform (MLB evo), J1: The performance electric platform, Modula...
    PARTNERSHIP: General Motors, Honda to jointly develop two all-new EVs for Honda
    General Motors (GM) and Honda have partnered to jointly develop two new electric vehicles (EVs) for Honda, the companies announced in a joint press release on 3 April. The two new EVs will be based on GM’s global EV platform powered by proprietary Ultium batteries. The exteriors and interiors of t...
    COVID-19 pandemic: China XD Plastics expects to resume normal production at Chinese plants by end of May
    China XD Plastics has provided update on the impact of coronavirus disease 2019 (COVID-19) on its business and operations, according to a company’s press release. The company temporarily closed operations at its plants and corporate offices in mainland China from 24 January to 9 February as its al...
    03-Apr-2020 News COVID-19
    Karma Automotive develops new power inverters for faster EV charging
    Karma Automotive has developed two new silicon carbide (SiC) inverters to improve electric vehicle (EV) charging, the company said in a press release on 2 April. The SiC traction inverters will be used in both future Karma vehicles and company partners. The flexible architecture design in a 400V ...
    03-Apr-2020 News New Products
    PEV sales in UK more than doubles y/y to 4,566 units in February
    Sales of plug-in electric vehicles (PHEVs) have more than doubled year on year (y/y) in February to 4,566 units, compared to 2,104 units in February 2019, Society of Motor Manufacturers and Traders announced on its website. The huge increase was mainly due to the significant growth in demand for bat...
    COVID-19 impact: General Motors to delay launch of updated Chevrolet Bolt
    General Motors (GM) has delayed the launch of the updated Chevrolet Bolt due to production constraints amid  the coronavirus 2019 disease (COVID-19) pandemic, news website Green Car Congress reported on 31 March. The updates will now be offered in the model year (MY) 2022 Chevrolet Bolt, instea...
    03-Apr-2020 News COVID-19
    Toyo Tire and JAOS enter strategic partnership
    Toyo Tire Corporation has signed a strategic partnership agreement with JAOS Corporation, the Japanese tire-maker announced in a press release on 2 April 2020. The two companies have signed a partnership agreement for building a mutually complementary relationship of their strengths, and furthe...
    Aotecar New Energy Technology to supply AC compressors for BAIC's three new EV models
    Aotecar New Energy Technology will supply electric air conditioning (AC) compressors for three new electric vehicle (EV) models of BAIC Group starting October, according to a report by Yicai Global on 2 April. The latest order is expected to add about CNY100 million (USD14 million) to the company...
    Toyoda Gosei develops extra-large spindle grille for Lexus LM
    Toyoda Gosei Co., Ltd. has developed new extra-large spindle grilles for Toyota’s Lexus LM, a luxury minivan sold in China, the Japanese supplier said in a press release on 26 March 2020. The new Lexus LM was launched for the growing luxury minivan segments in Asian and other markets. Significa...
    Hengst develops active crankcase ventilation for BMW
    Hengst SE has developed an active crankcase ventilation, called Blue.tron, for BMW, according to a company press release on 12 March. The company informed that the new product will be equipped in the upcoming generation of 3L 6-cylinder diesel engine systems from BMW; passenger vehicle ser...
    03-Apr-2020 News New Products
    Interior parts supplier Hayashi Telempu North America to expand US plant
    US-based Interior parts supplier Hayashi Telempu North America (HTNA) has announced plans to expand its operations in Walker County in the US state Texas, according to a press release on 16 March on the official website of Alabama Department of Commerce. To this end, the company plans to invest USD7...
    03-Apr-2020 News Investments
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