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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    Bridgestone to consolidate its seat pad manufacturing in Japan to three plants
    Japanese auto parts manufacturer Bridgestone Corporation announced via press release on 8 October that it will be consolidating its plants for automotive seat pads in Japan as part of its global expense and cost structure review plan. According to the release, Bridgestone will be closing its...
    Volkswagen's Skoda Auto halts production for two weeks
    According to a press release on Retuers dated October 18th, Volkswagen's Skoda Auto began a two-week outage on Monday as the carmaker deals with a global shortage of chips and other components, according to CTK news agency. Skoda plans to finish 10,000 unfinished vehicles during the outage, which...
    Quality certification restored for Akebono's Iwatsuki and Sanyo manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via a press release on 1 October that the IATF 16949 certification had been restored for its Iwatsuki and Sanyo brake product manufacturing subsidiaries. According to the company’s press release, the quality management certification...
    Nissan Mexico to halt production due to chip shortage
    According to a Reuters press release dated 6 October, Japanese automaker Nissan will implement temporary work stoppages at two Mexican plants for several days in October due to production adjustments required to manage a semiconductor chip shortage, its Mexico unit said. "We continue to make adju...
    Ford to stop manufacturing cars in India
    Michigan-based vehicle manufacturer Ford Motor Company has announced on 9 September that the company will stop manufacturing cars in India. The move comes as part of a larger restructuring exercise wherein the company plans to continue its operations in India via its Chennai-based Business Solutions...
    Quality certification restored for Akebono's Yamagata and Fukushima manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via a press release on 6 September that the IATF 16949 certification had been restored for its Yamagata and Fukushima brake product manufacturing subsidiaries on 27 August and 3 September respectively. According to the company’s press re...
    Tata Motors forecasts semiconductor shortage to impact offtake volumes in coming months
    Indian vehicle manufacturer Tata Motors Ltd forecasts that semiconductor shortage would continue to impact its monthly production schedules in the coming months. In a regulatory filing on 1 September, the company said that while semiconductor shortage continues to impact the vehicle production globa...
    Stellantis to halt production at Sevel, Italy plant over chip shortage
    According to an ETAuto press release dated August 27, production at a Stellantis plant in Italy producing light commercial vehicles will be halted next week due to a semiconductor shortage, a carmaker spokesperson said on Friday, confirming a trade union statement. "I can confirm production at th...
    Need to develop alternate, localized supply chain to mitigate risks, says Hyundai India CEO
    There is a need to develop an alternate and localized supply chain to mitigate the impact of disruption and push localization in the domestic automotive sector, SS Kim, managing director and CEO at Hyundai Motor India said, according to a report filed by the news agency PTI on 27 August. Kim said...
    27-Aug-2021 News Investments
    Volvo to halt manufacturing at Gothenburg, Sweden, plant due to chip shortage
    Swedish car maker Volvo Cars has stated that it will suspend production at its facility in Torslanda, on the outskirts of Gothenburg in Sweden, next week owing to the global shortage of semiconductor chips. According to a report filed by business news agency Reuters on 23 August, Volvo Car...
    Toyota plans to cut production in the US as COVID-19 rattles supply chain
    The maker of popular Land Cruiser sports utility vehicles (SUVs), Toyota Motor plans to cut down its vehicle production in North America in August and September as a resurgence of COVID-19 cases rattle the automakers supply chain, according to a report filed by The Dallas Morning News on 19 August. ...
    Hyundai temporarily halts operation at Brazilian plant amid chip shortage
    According to a press release on Yonhap News dated 7 July, Hyundai Motor Co. has suspended operations at its Brazil plant for the first time since it opened in order to deal with prolonged automotive chip shortages, highlighting serious supply chain disruptions. At its Brazil plant, the company us...
    Ford to shut several plants in North America for few weeks due to semiconductors shortage
    According to a CBS News press release dated 30 June, Ford Motor Company announced the closure of several plants in the United States for a few weeks in July and August due to a global semiconductor shortage. The vehicles affected include the Ford F-150, Mustang, Escape, and Lincoln Nautilus, among o...
    Subaru to temporarily shut its plants in Japan due to chip shortage
    Subaru Corporation plans to shutdown its plants in Japan in July on account of a global shortage of semiconductors, Reuters reported on 18 June. The Japanese carmaker’s production facilities located in the Gunma region, northwest of Tokyo, will be idle on 16 July as part of production adjustmen...
    ZF Steering Gear (India) to temporarily suspend MP plant for ten days in June
    Steering gear systems supplier ZF Steering Gear (India) has announced that its plant in Madhya Pradesh will remain closed for 10 days, reports Business World quoting a regulatory filing the company has submitted. Significance: ZF Steering Gear (India) has suspended operation at its Pithampur plan...
    Indian auto component industry's revenue to drop 10–12% y/y in FY 2021, says ACMA
    The Automotive Component Manufacturers Association of India (ACMA) forecasts that the auto component industry’s fiscal year (FY) 2020–21 revenue would decline 10–12% year on year (y/y) on account of COVID-19 led disruptions. The lobby body, however, is expected to release annual results o...
    07-Jun-2021 News COVID-19
    Apollo Tyres resumes operation at Kerala plant
    Apollo Tyres has announced that it has received permission to resume operations at its plant situated at Perambra in Kerala, India, from 21 May, according to an Economic Times report. Significance: On 17 May, the company had reported the that it was closing the Perambra plant till 23 May, in acco...
    Bosch halts production at its plant in Nashik, India until 23 May
    Bosch has announced the suspension of operations at its Nashik plant in the Western Indian state of Maharashtra from 12 May until 23 May. The suspension is owing to a government-mandated lockdown to combat the rising number of COVID-19 virus infections. In a press release dated 12 May, Bosch said...
    Stellantis to extend downtime at its Chrysler plant in Ontario, Canada over chip shortage
    Stellantis will extend its downtime by a week at its Chrysler minivan plant in Ontario, Canada, The Detroit News reported on 11 May. The extension comes as a shortage in automotive semiconductors continues to cripple vehicle production. The plant will be idled for the week beginning 17 May. The unit...
    Toyoda Gosei announces proposal to close UK manufacturing facilities
    Toyoda Gosei Co., Ltd. has announced plans to close its UK manufacturing facilities. According to a company press release on 28 April 2021, its subsidiary Toyoda Gosei UK Ltd. (TGUK) has informed its employees of a proposal to close the business in the United Kingdom. TGUK employs 458 people as of 3...
    Continental to shut Aachen, Germany tire plant by end of 2022
    Continental has announced plans to shut its tire plant in Aachen, Germany, by end of 2022. According to a company press release on 27 April 2021, in a reconciliation of interests and comprehensive social plan, Continental and the employee representatives of the tire plant in Aachen have agreed on th...
    Stellantis extends closure of Windsor Assembly Plant in Canada for a week due to chip shortage
    Stellantis has extended the suspension of operations at its Windsor Assembly Plant for another week as the automaker grapples with the shortage of automotive semiconductors, Windsor Star reported on 16 April. The plant has been idle since 29 March and will restart on 3 May. The initial target was to...
    Ford to idle plants in US and Turkey due to semiconductor shortage
    A US carmaker Ford Motor has announced plant shutdowns in the United States and Turkey owing to the global semiconductor shortage, Reuters reported on 15 April. Five facilities will be impacted. Ford announced production cuts during the weeks of 19 and 26 April in Chicago, Flat Rock, Michigan, and K...
    Subaru to idle Japan plant due to semiconductor shortage
    Subaru Corp will shut its Yajima plant in Japan between 10 and 27 April due to a shortage in semiconductor supplies, Reuters reported on 5 April. The shutdown will impact the production of 10,000 vehicles. The automaker is expected to restart all production lines at the Yajima plant from 10 May, ...
    Ford suspends operations at two US plants due to chip shortage
    Ford Motor is idling production at two truck plants that make its best-selling F-150 pickup on the back of the global semiconductor shortage, reports Bloomberg Quint. The truck plant in Dearborn, Michigan, US, will shut for two weeks starting April 5. Ford will also cease production of the F-15...
    NIO to suspend operations at its Hefei plant in mainland China due to chip shortage
    Mainland China-based electric vehicle (EV) maker Nio has suspended production for five days at its Hefei plant due to a shortage in automotive semiconductors, Reuters reported on 26 March. NIO cut its first quarter delivery forecast to around 19,500 vehicles, compared to the 20,000–20,500 vehicles...
    Hyundai to idle Ulsan No.1 plant in South Korea due to semiconductor shortage
    Hyundai Motor is set to suspend production at its Ulsan No.1 plant in South Korea due to a shortage in semiconductors and components, Reuters reported on 29 March. The plant will be shut between 7 and 14 April. Supply issues reportedly involve front view camera systems for Kona SUV and power electri...
    Stellantis to halt production at Melfi plant in Italy in first half of April due to low demand
    Stellantis has decided to suspend production at its Melfi plant in Italy from 2 April to 12 April, Reuters reported Italian labour union UILM saying on Monday. The company is adjusting production in response to week vehicle demand triggered by the COVID-19 pandemic. The Melfi plant produces Jeep Ren...
    Stellantis to idle five North American plants due to semiconductor shortage
    Stellantis is set to temporarily suspend operations at five plants in North America as the automotive industry continues to feel the supply chain pressure due to a shortage of semiconductors. According to a Detroit Free Press article on 26 March, the idling of plants in the United States, Canada, an...
    GM extends production cuts in North America due to semiconductor shortages
    General Motors has extended production cuts at some of its North American plants as the automotive industry continues to suffer losses due to the global shortages in semiconductors. Reuters reported on 24 March that GM will idle operations at its Wentzville, Missouri assembly plant in the United Sta...
    Ford to adjust vehicle production in US due to semiconductor shortage
    Ford is expected to adjust vehicle production in the US after cutting the number of shifts at the Kentucky Truck Plant in Louisville and shutting down the Ohio Assembly Plant in Avon Lake, Detroit Free Press reported on 22 March. The forced adjustment is due to the global semiconductor shortage plag...
    Toyota suspends manufacturing in Czechia due to chip shortage
    Toyota Motor has suspended operations at its Czechia plant for two weeks due to a shortage of automotive semiconductors, Bloomberg reported on 20 March. The Kolin facility, which manufactures the Aygo hatchback, will have operations suspended starting 22 March 22. Suspension is caused by the lo...
    Renesas suspends production at Japanese plant damaged by fire
    Renesas’ operations at a Japanese plant has been suspended after a fire broke out on Friday, Reuters reported. Renesas said that production at the fire-damaged plant will take at least a month to restart. About two-thirds of production on the advanced 300-mm wafer line affected by Friday’s fire ...
    Infineon ramps up production at Texas facility in US
    Infineon Technologies has announced on 19 March that it is ramping up production at its manufacturing facility in Austin, Texas. Infineon says production has been resumed and will ramp up over time to pre-outage levels. Operations were suspended following a winter storm in the United States, but inf...
    Tesla shuts down Model S, X assembly plant in Netherlands
    American electric vehicle (EV) manufacturer Tesla, has announced that it will be shutting down its assembly plant located in Tilburg, the Netherlands. According to a report filed by Electrek on 18 March, the Tilburg plant, which used to perform the final assembly of the Tesla Model S and the Mo...
    Toyota to cut production at four North American plants over supply chain issues
    Toyota will cut production at four plants in North America, Reuters reported on 17 March. The plants mentioned are in Kentucky and West Virginia in the United States and in Mexico. Toyota has attributed the production cut to “a shortage of petrochemicals” and “recent severe weather conditions...
    Honda to suspend production at majority of plants in US, Canada due to supply chain issues
    Honda Motor will temporarily suspend production at most US and Canadian auto plants for a week, Reuters reported on 17 March. The Japanese automaker said that the impact from COVID-19 pandemic, congestion at various ports, the microchip shortage and severe winter weather over the past several w...
    NXP resumes initial operations at Texas manufacturing facilities in US
    NXP has announced that it will resume initial operations from its Austin, Texas manufacturing facilities in the United States, according to a company press release on 11 March. NXP had suspended operations earlier this year when a severe winter storm gripped the Southern US state, disrupting gas, el...
    GM idling Lansing Grand River assembly plant in US due to semiconductor shortage
    General Motors will temporarily suspend operations at Lansing Grand River Assembly plant due to a global semiconductor shortage, Lansing State Journal reported on 11 March. The idling is expected to last through the end of March. The Grand River Assembly plant, which builds the Chevrolet Camaro and ...
    Winter Storm Uri impacts on automotive supply chain
    The Winter Storm Uri that hit the United States Gulf Coast (USGC) region in the third week of February 2021 resulted in one of the worst electric grid outages in the United States, leaving millions of people without electrici...
    Chip, battery shortages to limit NIO EV production through June
    Chinese electric vehicle (EV) startup NIO expects a shortage in supply of semiconductors and batteries to impact its EV production in the second quarter, CNBC reported on 2 March. In February 2021, the company had ramped up its monthly vehicle production at its Hefei plant in mainland China to 10,00...
    GM extends production downtimes at North American plants due to semiconductor shortage
    American automaker, General Motors, has provided an update on the ongoing semiconductor chip shortage crisis in the automotive industry. According to a press release issued by GM on 3 March, the company stated that it is extending the previously announced downtime on all production shifts at three o...
    Honda to idle operations at Sumare plant in Brazil due to semiconductors shortage
    Honda will suspend operations at its Sumaré plant, near São Paulo in Brazil, due to semiconductor supply constraints, Auto Industria reported on 24 February. The idling, between 1 and 10 March, will impact the production of the Civic model line. Honda had already suspended operations at Sumaré...
    Toyota extends production suspension at Japanese plants due to parts shortage
    Toyota has further extended production suspension across 12 production lines at 8 manufacturing plants in Japan during 22–23 February due to a shortage of autoparts, the company said in a press release on 22 February. The extension affects the company’s plants in Takaoka, Tahara, Miayata, F...
    Automakers suspends production in North America amid severe winter weather
    Several automakers, including Ford, GM, Nissan, Toyota, and Volkswagen have suspended operations this week at their manufacturing plants in the United States and Mexico amid severe cold weather, Reuters reported on 18 February. Ford temporarily closed its plants in Kansas City, Michigan, and Kentuck...
    Toyota to suspend production at nine plants in Japan due to earthquake
    Toyota has decided to suspend production at its nine vehicle manufacturing plants in Japan this week after a powerful earthquake, measuring 7.3 on the Richter scale, struck the coast of the Tohoku region on 13 February. According to a press release by the Japanese automaker on 16 February, manufactu...
    Toyo Tire to close Silverstone plant in Malaysia in June 2021
    Japan-based Toyo Tire Corporation announced plans to is end production at its wholly-owned Malaysian tire manufacturing subsidiary Silverstone Bhd located in Perak by June 2021, according to a report by Tyre Press on 15 February. Subsequently, the company also intends to dissolve the subsidiary once...
    Renesas halts operations at Ibaraki plant in Japan due to earthquake
    Renesas Electronics has halted operations at its Ibaraki plant in Japan following a magnitude 7.3 earthquake, Bloomberg reported on 14 February.  Renesas will first inspect the building’s clean rooms. Updates on resumption of operations and the effects on production were not immediately known...
    Mitsubishi to close climate control components plant in Franklin, US
    Japan-based Mitsubishi Heavy Industries Ltd. is planning to shut down all operations of its climate control division located in Franklin, Indiana, US. According to a statement issued by Mitsubishi Heavy Industries Climate Control America to the mayor of Franklin city and the Indiana Department of...
    Nissan cuts production at Mississippi plant in US over semiconductor shortage
    Nissan Motor has cut vehicle production at its Mississippi assembly plant in the United States as a result of the semiconductor supply shortage plaguing the automotive industry, Times News Express reported in January, citing a factory memo obtained by Automotive News. Nissan manufactures pickups, se...
    GKN Automotive to close Birmingham plant in UK
    GKN Automotive is planning to shut down its production facility in Birmingham, United Kingdom, in the next 18 months, Autocar reported on 28 January. The plant closure is expected to impact 519 jobs. “An increasingly competitive global market means that the site is no longer viable. Supportin...
    Ford, GM reduce operations due to semiconductors shortage
    Ford will be shutting down its Louisville assembly plant for another two weeks due to a shortage in supply of semiconductors, WKYT reported on 22 January. The plant will be down the weeks beginning January 25 and February 1. General Motors canceled overtime on January 23 at its Bupyeong plant in...
    Renault’s Revoz suspends vehicle production in Slovenia due to auto parts supply disruption
    Revoz, a unit of French automaker Renault, suspended production at its Novo Mesto plant in Slovenia on 21 January) due to disruption in supply of auto parts, SeeNews reported on 20 January. The plant, which produces Renault Twingo hatchback, faced delay in components supply from a local supplier Tre...
    Subaru cuts production in Japan amid shortage of semiconductor parts
    Subaru suspended manufacturing operations at its plants in Japan on 15–16 January due to interruption in the deliveries of certain components using semiconductors, the automaker said in a press release. The company’s operations was disrupted at its Gunma manufacturing plant. According to a re...
    Honda plans another production suspension at UK plant next week amid continuing supply chain issues
    Honda is planning another production suspension at its Swindon plant in the UK amid continuing supply chain issues, Reuters reported on 13 January. The Japanese automaker will halt production at the British plant for four days next week from 18 to 22 January. “The situation is currently being moni...
    Volkswagen plans additional production cut at German plant due to shortage of semiconductors
    Volkswagen would further cut vehicle production at its main plant in Wolfsburg, northern Germany, due to continuing shortage of semiconductors, Reuters reported on 13 January. The Wolfsburg plant builds the Volkswagen Tiguan and Touran as well as SEAT Tarraco models. Volkswagen said in a statem...
    Honda resumes manufacturing in UK after temporary halt
    Japanese carmaker Honda has reportedly resumed manufacturing operations at its UK factory. According to a report filed by news agency Reuters on 6 January, production was suspended for two days owing to delays in the global supply chain. Honda’s manufacturing operations operate on the ...
    Honda temporarily halts vehicle production at UK plant due to supply delays
    Japan-based carmaker, Honda, has stated that it is halting manufacturing operations at its UK factory on 5 and 6 January due to delays in its global supply chain. According to a report filed by news agency Reuters on 5 January, Honda operates on the ‘just in time’ (JIT) methodology for its manuf...
    MANN+HUMMEL to close Wolverhampton plant in UK
    The MANN+HUMMEL Group, a filtration expert, plans to close its main manufacturing facility at Hilton Cross Business Park in Wolverhampton, United Kingdom, as the company continues to review its operational footprint, according to a press release on 24 November 2020. The move will affect around 230 e...
    American Axle to close Ohio plant in US severely damaged by fire
    American Axle and Manufacturing Holdings (AAM) will close its forging plant located in Malvern, Ohio, US, that was destroyed in a fire almost two months ago, according to a report by Automotive News on 18 November. The plant employs approximately 275 workers. The Colfor plant caught fire on 22 Septe...
    Bridgestone to close Port Elizabeth tire plant in South Africa
    Bridgestone South Africa (BSAF) has finalized the process to close its tire manufacturing plant in Port Elizabeth, Eastern Cape in South Africa, the company announced in a press release on 3 November 2020. The plant is operational until 15 November. The move affects 252 workers. “The proposal t...
    SKF announces plans to close Avallon bearing plant in France
    Sweden-based supplier, SKF, has announced a consolidation and restructuring of various manufacturing, business and administrative functions in France. According to a press release issued by SKF on 3 November, the company stated that its manufacturing of slewing bearings would be moved from Avallon t...
    FCA suspends operations at Windsor plant in Canada for three weeks
    Fiat Chrysler Automobiles Canada will suspend operations at its Windsor Assembly Plant for three weeks beginning 28 September through 16 October, according to a report by Windsor Star on 22 September. Normal shift schedules are expected to resume the week of 19 October. The plant, which employs abou...
    COVID-19 impact: Cimos closes Maribor manufacturing plant Slovenia
    Slovenian car parts manufacturer Cimos has permanently closed its plant in the northeastern town of Maribor due to lasting financial difficulties related to problems in the sector and the COVID-19 pandemic, SeeNews reported on 21 September. The management will offer the plant's 150 workers at the pl...
    Fire at AAM plant may impact GM production output
    A recent fire at the production plant of American Axle and Manufacturing (AAM) located at Malvern, Ohio, could have an impact on the manufacturing output of General Motors. According to a post published by General Motors enthusiast blog, GM Authority, on 24 September, the plant was evacuated during ...
    French government to discuss alternatives scenarios for planned closure of Bridgestone plant
    France is planning to discuss alternative scenarios due to the planned closure of a Bridgestone plant in the country, Reuters reported on 21 September quoting junior Economy Minister Agnes Pannier-Runacher. The plant is situated in the Northern French city of Bethune. “We have agreed (with Brid...
    Bridgestone to cease operations at Bethune plant in France due to market volatility
    Bridgestone will cease production at its passenger tire plant in Bethune, France "in response to the challenging long-term outlook for the European passenger tire market,” the company announced in a press release on 16 September. The closing is not expected to take place before the second quarter ...
    PLANT CLOSURE: MANN+HUMMEL ends production at automotive filters plant in Ludwigsburg, Germany
    MANN+HUMMEL Group has decided to end production at its filters plant in Ludwigsburg, Germany, the company said in a press release on 30 July 2020. The Ludwigsburg plant produces fuel, oil, and air filter systems for automotive OE. The company said that its Ludwigsburg plant will no longer accept any...
    PLANT CLOSURE: Continental to shut two plants in Spain and Mexico as part of transformation strategy
    The Supervisory Board of Continental approved the next steps of the Transformation 2019–29 structural program at its locations in Rubí, Spain, and Nogales, Mexico, according to a press release on 14 July. The company has decided to close its plant in Rubí, Spain, by the end of 2021, and Nogales ...
    PLANT CLOSURE: Saint-Gobain Sekurit to close automotive windshield plant in Argentina
    Saint-Gobain Sekurit has announced plans to close its automotive windshield manufacturing plant in Campana, Argentina, Web24 News reported on 10 July. The French supplier will transfer the production to its plant in Brazil. The plant closure will affect 150 employees. Significance: Saint-Gobain S...
    Toyota, Mazda, Panasonic halt operations due to flood in Japan’s Kyushu region
    Automakers Toyota and Mazda, and electronics conglomerate Panasonic have temporarily halted operations at certain plants in Japan’s Kyushu region on 6 July due to heavy rains, Reuters reported on 7 July. Significance: Mazda canceled the second shift at its plants in Hiroshima, and Hofu, Yamaguc...
    Gestamp to close two plants in the UK
    Spain-based metal components supplier, Gestamp, has announced that it will be closing down two of its production facilities based in the United Kingdom, as a consequence of lower customer demand. According to a report filed by news agency Automotive News on 21 June, Gestamp has already shuttered its...
    Mitsubishi Electric to stop production of TFT-LCD modules in 2022
    Mitsubishi Electric announced that it will end the production of TFT-LCD modules from June 2022, a company press release read on 15 June. The TFT-LCD modules are manufactured by its wholly owned subsidiary Melco Display Technology. Mitsubishi cites the production termination due to the changes in...
    Pittsburgh Glass Works to close US plant
    Pittsburgh Glass Works (PGW) has said that it will close its Evansville plant in Indiana, United States and lay off the entire workforce, Inside Indiana Business reported on 8 June. The report added that the layoffs will begin by the end of July and continue throughout the second half of the year. P...
    Impact of COVID-19 on Automotive UI/ UX Market
    The coronavirus disease 2019 (COVID-19) pandemic has profoundly disrupted all aspects of the automotive supply chain. Global efforts to control the spread of the virus have impacted both demand and supply, and in turn the industry cumulating in a sharp decline in production. Both automakers and auto...
    29-May-2020 Insights COVID-19
    Goodyear plans to permanently close Gadsden tire plant in US state Alabama
    Goodyear Tire & Rubber Co. plans to permanently close its longtime tire plant in Gadsden, Alabama, in the United States, according to a filing with the Securities and Exchange Commission (SEC) on 23 April. The company and the union representing workers at the plant reached a temporary bargaining...
    Seoul Metropolitan Government to offer subsidies for purchase of 700 electric cabs
    South Korea’s capital city Seoul is planning to offer subsidies for purchase of 700 electric cabs this year, Korea BizWire reported on 10 April. Seoul Metropolitan Government will offer a maximum subsidy of KRW18.2 million (USD14,951) per car. “A taxi covers an average distance of 440 km every d...
    Tornado damages BorgWarner’s plant in US state South Carolina
    A tornado has severely damaged BorgWarner’s plant in Seneca, South Carolina, United States on 13 April, killing one contract worker, reports Detroit Free Press. The storm also injured four people at the plant. BorgWarner’s Seneca plant produces transfer cases, a drivetrain part used on four-whee...
    Continental to close Palmela brake shoe plant in Portugal in 2021
    Continental will end production at its automotive plant in Palmela, Portugal by the end of 2021, according to a company press release on 17 March. Continental has been manufacturing front brake shoes at the factory for 25 years. The closure will affect approximately 370 employees. Continental will o...
    COVID-19 pandemic: Toyo Tire shutters Georgia, US, plant till 19 April
    In light of the coronavirus disease 2019 (COVID-19) pandemic, Toyo Tire Holdings of Americas Inc. has announced a temporary closure of its manufacturing facility located at White, GA, United States. The company expects the plant to remain shut until 19 April. The company has also reiterated that ...
    31-Mar-2020 News COVID-19
    COVID-19 pandemic: Lumileds suspends production activities at US, Malaysian plants
    Lumileds is suspending production activities at its plants in Malaysia and the United States to prevent the spread of the coronavirus disease 2019 (COVID-19) pandemic and protect health of its employees, sources told IHS Markit. The company is temporary closing operations at its site in San Jose in ...
    27-Mar-2020 News COVID-19
    COVID-19 pandemic: Tenneco shuts plants in many Indian cities
    Tenneco has announced that it has shut down its plants in Bangalore, Patiala, and Bhiwadi due to the coronavirus disease 2019 (COVID-19) pandemic, a company press release on 25 March read. The announcement comes after Indian prime minister Narendra Modi imposed a 21-day lockdown of the entir...
    27-Mar-2020 News COVID-19
    COVID-19 pandemic: Rehau suspends production at plant in UK
    REHAU has announced that it has temporarily suspended all production at its plant in Blaenau Ffestiniog in Wales, UK, according to a notice on the company website. Rehau has also closed down its head office in Ross-on-Wye. Production is expected to remain suspended until the government advises it is...
    27-Mar-2020 News COVID-19
    COVID-19 pandemic: OSRAM announces temporary plant shutdown in Italy, US
    German lighting supplier OSRAM Licht AG is suspending manufacturing operations in Italy and the United States owing to the spread of the coronavirus disease 2019 (COVID-19) pandemic, sources told IHS Markit. According to company’s website, the company operates OSRAM Sylvania Inc.;&n...
    27-Mar-2020 News COVID-19
    COVID-19 pandemic: Marelli to extend temporary plant closures in Europe until 3 April
    Marelli has extended the suspension of production activities in the majority of its European plants for next week, until 3 April, to prevent the spread of the coronavirus disease 2019 (COVID-19) pandemic, the company announced in a press release on 26 March. “This measure is related to all Europea...
    27-Mar-2020 News COVID-19
    COVID-19 pandemic: North American Lighting suspends production at various US plants
    North American Lighting (NAL), a Koito Group Company, has announced a suspension of production activities at various plants in the United States in response to the coronavirus disease 2019 (COVID-19) pandemic, according to a company press release on 20 March. The company suspended operations at its ...
    27-Mar-2020 News COVID-19
    COVID-19 pandemic: GM halts operations at San Luis Potosi plant in Mexico
    General Motors (GM) has halted operations at its San Luis Potosi plant in Mexico from March 20, Reuters said in an article on 20 March. The plant is expected to remain shut till 13 April due to the coronavirus disease 2019 (COVID-19) pandemic. Significance: The US has recorded an alarming in...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Kia to suspend operations at Georgia plant in US
    Kia Motors Manufacturing Georgia (KMMG) will suspend production at its West Point facility for two weeks from 30 March, the automaker announced in a press release on 24 March. It will be including a previously planned shutdown between 6–10 April for new model equipment changes. Production is expec...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Rolec EV temporarily suspends manufacturing operations
    Rolec EV has decided to temporarily suspend its manufacturing operations in the UK due to the coronavirus disease 2019 (COVID-19) pandemic, the company announced in a press release on 25 March. Rolec EV said that production is on hold until the government announces that it is safe for empl...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Mazda suspends production at Japan, Thailand, Mexico
    Mazda has suspended operations at its plants in Japan, Thailand, and Mexico due to the COVID-19 pandemic, the company said in a press release on 24 March. Mazda will suspend production for 13 days and operate daytime-only shifts for eight days at the Hiroshima Plant and Hofu Plant in Japan from...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Plant closures by OEMs, suppliers in India will lead to loss of USD300 million in revenue per day, says industry body
    The Society of Indian Automobile Manufacturers (SIAM) has said that plant closures by OEMs and suppliers in India, due to the coronavirus disease 2019 (COVID-19) pandemic, will lead to a loss of INR23 billion (USD302 million) in revenue per day, reported Economic Times daily citing Press Trust ...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Renault halts production in Turkey
    Renault has announced its plans to gradually and temporarily suspend most of its operations in Turkey due to disruptions in the global supply chain processes caused by the coronavirus disease 2019 (COVID-19) pandemic, the automaker said in a press release on 25 March. The automaker decided to tempor...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Hankook to suspend production in US, Hungary for two weeks
    South Korean tire-maker Hankook is suspending manufacturing at two of its plants in the US and Hungary due to the coronavirus disease 2019 (COVID-19) pandemic, according to a report by Tire Business on 25 March. The company decided to close its Clarksville, Tennessee plant in the US and Racalmas pla...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Volkswagen extends shutdown at Chattanooga plant in US
    Volkswagen has further extended production suspension at its Chattanooga plant in Tennessee, US, for one more week to prevent the spread of the coronavirus disease 2019 (COVID-19) pandemic, the automaker said in a press release on 25 March. The German automaker now hopes to resume operatio...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: MRF shuts down all tire production plants in India
    Indian tire manufacturer MRF Ltd. has announced that it has ceased all its operations in India. According to a notice filed by the company to the National Stock Exchange of India and the Bombay Stock Exchange, MRF has stated that the operations of the company’s head office, its sales offices and a...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Ford announces production suspension in South America, UK
    US automaker Ford Motor has suspended operations in the UK, Brazil, and Argentina due the coronavirus disease 2019 (COVID-19) pandemic. Ford shut its Dagenham engine plant in east London on 23 March and the Bridgend engine plant in South Wales will temporarily cease production from the end of the...
    25-Mar-2020 News COVID-19
    COVID-19 pandemic: BorgWarner revises business outlook for FY 2020
    American automotive parts and components supplier, BorgWarner, has issued a business update in light of the widespread coronavirus disease 2019 (COVID-19) pandemic. According to a press statement issued by BorgWarner on 24 March, the company has mentioned that it has liquidity of approximately USD2....
    25-Mar-2020 News COVID-19
    COVID-19 pandemic: Hyundai extends production suspension at Alabama plant till 31 March
    Hyundai Motor Manufacturing Alabama (HMMA) has suspended production in Alabama, United States, due to an anticipated decline in market demand caused by the coronavirus disease 2019 (COVID-19) pandemic. In a press release dated 20 March, the automaker said it has suspended production for seven days t...
    25-Mar-2020 News COVID-19
    COVID-19 pandemic: Renault halts production in South America
    Renault Group has suspended manufacturing operations at its plants in South America starting from 26 March to prevent spread of the coronavirus disease 2019 (COVID-19) pandemic, the French automaker said in a press release on 24 March. The production suspension is expected to impact the company...
    25-Mar-2020 News COVID-19
    COVID-19 pandemic: Ford to extend North American plant closures beyond 30 March
    Ford is reassessing its plans to resume manufacturing operations at its North American facilities on 30 March as it had earlier expected, and it is likely to extend it beyond that date, as the automaker has seen a sharp increase in confirmed cases of COVID-19 in the last few days, the auto...
    25-Mar-2020 News COVID-19
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