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    The road ahead: Navigating the 2029 US AEB mandate and its impact on automotive safety
    The 2029 automated emergency braking (AEB) mandate, encapsulated in the Federal Motor Vehicle Safety Standard (FMVSS) No. 127, represents a pivotal shift in automotive safety standards in the United States, setting forth stringent requirements for advanced AEB systems to enhance vehicle safety. With a compliance date set for Sept. 1, 2029, this mandate aims to significantly reduce the incidence of rear-end collisions and pedestrian injuries by ensuring that vehicles can detect imminent threats a...
    Insights
    High demand from other industries signals a looming automotive semiconductor shortfall
    Recent public announcements from key players in the automotive and semiconductor industries have raised alarms about a potential chip shortage expected to hit in the later half of 2025 or 2026. A top executive from Continental has indicated that, based on current forecasts, the industry may face another round of semiconductor shortages around the third or fourth quarter of 2025. During its second-quarter earnings call, TSMC CEO C.C. Wei highlighted that the supply of advanced chips is unlikely t...
    Insights
    BMW adjusts 2024 outlook due to brake system issue that impacts about 1.5 million vehicles globally
    BMW has revised its financial outlook for the 2024 fiscal year, attributing the change primarily to unforeseen challenges within its Automotive Segment, the Germany-based automaker said in a press release on Sept. 10. One significant factor is a series of delivery stops and technical measures associated with the Integrated Braking System (IBS) provided by a supplier, which affected global sales negatively in the second half of the year. This issue impacts over 1.5 million vehicles and will incur...
    News
    Indian auto component industry should aim for $100 billion exports by 2030, says Commerce and Industry Minister Piyush Goyal
    India’s Minister of Commerce and Industry Piyush Goyal has expressed confidence that the Indian auto component sector will reach exports to $100 billion by 2030, making the sector one of the leading job creators in the country. This represents a nearly fivefold increase over the $21 billion that the Indian auto components industry achieved in fiscal year 2023–24. Goyal made the remarks at the 64th annual session of the Automotive Component Manufacturers’ Association of India (ACMA)...
    News
    AutoTechInsight Weekly - 9 September 2024
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    News
    Stellantis recalls 1.46 million vehicles globally to fix software glitch in ABS module
    Stellantis is recalling 1.46 million vehicles worldwide to fix a software malfunction in the antilock braking system that can increase the risk of a crash, Reuters reported Sept. 7. The recall covers model year 2019 and model year 2021 through 2024 Ram 1500 trucks. Of the total, Stellantis is recalling 1.23 million vehicles in the US, 159,000 vehicles in Canada, 13,000 vehicles in Mexico and 61,000 vehicles outside North America. According to the US National Highway Traffic Safety Admini...
    News
    BMW recalls 1,150 i4 electric cars in US over chassis issue
    BMW is initiating a recall for 1,150 of its model year 2024 i4 electric cars in the US due to a potential structural integrity issue caused by a part of the chassis that may crack, Green Car Reports said Aug. 29. This recall affects all three versions of the i4: The base single-motor i4 eDrive40, the dual-motor i4 xDrive50 and the range-topping i4 M50. According to a report from the National Highway Traffic Safety Administration (NHTSA), the issue lies with the left-side longitudinal beam of ...
    News
    Nokian Tyres partners with Reselo AB for sustainable tire production
    According to a press release Sep. 4, Nokian Tyres has entered into a developmental agreement with Reselo AB, a Swedish biomaterial science company, aiming to incorporate Reselo Rubber, a renewable material derived from birch bark residues from the pulp, paper and plywood industry, into its tire manufacturing process. The partnership seeks to adapt Reselo Rubber for commercial tire production, aiming to replace traditional fossil-based materials and potentially enhance tire performance. Heini ...
    News
    2024 CEO Investor Day: Hyundai to double hybrid line up, expedite development of next generation batteries
    South Korean carmaker Hyundai Motor Co. plans to develop new hybrid powertrain technologies and deepen its future hybrid model pipeline in response to the decline in the global demand for battery-electric vehicles. At the 2024 CEO Investor Day held in Seoul on Aug. 28, Hyundai detailed its all-new ‘Hyundai Way’ strategy, which essentially entails responding to the dynamic market conditions. The ‘Hyundai Way’ strategy is split into three focus areas – namely Hyundai Dynamic Capabilit...
    Briefing
    AutoTechInsight Weekly - 2 September 2024
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    News
    Chuo Spring to establish JV in India to supply precision spring
    Chuo Spring has entered into an agreement with Indian auto parts supplier Stumpp Schuele & Somappa Springs (SSSS) to establish a joint venture in India, the Japanese supplier said in a press release on Aug. 30. The JV company, SSS Chuhatsu Precision Springs Private Ltd., will be formally established in September. SSS Chuhatsu Precision Springs will be equally owned by the two partners. It will produce and supply precision spring products in India. In April, Chuo Spring’s board of dir...
    News
    Kongsberg Automotive secures lucrative contract extension for Raufoss ABC™ System
    Kongsberg Automotive (KA), based in Kongsberg, announced on Aug. 29, 2024, that it has successfully secured a contract extension worth more than €13.5 million in estimated lifetime revenue. This extension is for the KA Raufoss ABC™ System's air couplings, covering a three-year period starting in January 2025. The contract was awarded by a leading global brake manufacturer located in Europe, aiming to distribute the product to original equipment manufacturers of trucks, buses and trailers....
    News
    Seres to acquire 10% stake in Huawei’s auto unit Newcool for $1.6 billion
    Seres Automobile plans to buy a 10% stake in Huawei’s automotive business Newcool for $1.6 billion, a news report published by CnEVPost on Aug. 25 said, citing a regulatory filing by the Shanghai Stock Exchange-listed Seres Group. Seres becomes the second automaker after Changan and CATL-backed Avatr Technology to have acquired a stake in Huawei's automotive business unit. According to the news report, the deal values Newcool at 115 billion yuan (about $16.13 billion), the same as it was...
    News
    AutoTechInsight Weekly - 26 August 2024
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    News
    E-GMP platform helps Hyundai Motor Group EVs to pass safety crash tests
    Hyundai Motor Group’s battery-electric vehicles (BEVs) that are built on the company’s electric vehicle-dedicated platform, the Electric Global Modular Platform (E-GMP), are benefiting from receiving the highest safety crash test ratings given by the world's major crash safety assessments, according to a news report published by Autocar Professional on Aug. 26. The report mentioned that five BEVs from the Hyundai Group — the Genesis GV60, Hyundai Ioniq 5 and Ioniq 6, Kia EV6, and Kia EV...
    News
    Apollo Tyres supplies Vredestein brand tires to MINI Cooper
    Apollo Tyres has broadened its collaboration with BMW Group by supplying Vredestein brand tires for the latest MINI Cooper range in Europe, Autocar Professional reported Aug. 23. The Indian tiremaker is supplying summer, all-season and winter tires specifically tailored for the Cabrio, three-door and five-door models of the MINI Cooper. The tires selected for this partnership include the Vredestein Ultrac for summer, Quatrac Pro for all-season, and Wintrac Pro for winter conditions. Apol...
    News
    With a focus on profitability, Ford tweaks new model pipeline, sourcing strategy
    Ford Motor Co. announced Aug. 21 that the company is tweaking its new model pipeline and its battery sourcing strategy with a focus to bring down costs and improve the profitability of its electric vehicle business. These changes in Ford’s EV gameplan come at a time when global EV sales have slowed because of high acquisition costs and range anxiety among potential buyers, owing to the lack of adequate EV charging infrastructure. The slowdown in demand for battery-electric vehicle...
    Briefing
    Toyo Tire selects HPE GreenLake cloud to accelerate HPC-powered digitized development of next-generation tires
    In a press release on Aug. 22, Hewlett Packard Enterprise (HPE) announced that Toyo Tire Corp. selected HPE to deliver its seventh-generation high-performance computing (HPC) system, which is three times more powerful than its predecessor, as a service through the HPE GreenLake cloud. The upgraded system and boosted performance accelerate time-to-market for next-generation tires by processing structural tire data quickly and with greater precision. The expanded computational power significant...
    News
    Stellantis begins EV production in Mexico
    Stellantis has commenced the production of electric vehicles at its Toluca plant in Mexico, according to a news report published by Mexico Now on Aug. 21. The new facility, which was established with an investment of $1.6 billion, is designed to build vehicles based on the new STLA Large platform, the report said, adding that the EVs produced at the site will contribute to further adoption of EVs in Mexico. According to another news report published by an online news portal Electrive on Aug. ...
    News
    Fisker recalls more than 8,000 Ocean electric SUVs to fix regenerative braking issue
    Fisker will recall its Ocean electric sport utility vehicles (SUVs) to fix an issue with regenerative braking, Autoevolution reported Aug. 22. The recall affects a total of 8,026 vehicles, including 7,745 in the US and 281 in Canada. In affected vehicles, a glitch with the brake module software may cause a sudden reduction in regenerative braking, potentially increasing the risk of a crash. Fisker began looking into this matter in late 2023, following a meeting with the National Highway Traff...
    News
    Maruti Suzuki equips all passenger car models with electronic stability program
    Maruti Suzuki India Ltd. (MSIL) has become the first carmaker in India to offer an electronic stability program (ESP) as a standard safety feature across its entire model lineup, except the Eeco minivan, the leading Indian automaker said in a press release on Aug. 20. The company has started equipping its entry-level car models, the Alto K10 and S-Presso, with ESP technology, which detects vehicle skidding movement and actively counteracts it, thereby improving driving safety. MSIL was alre...
    News
    Kumho Tire supplies original equipment tires to Volkswagen Multivan T7
    Kumho Tire is supplying tires for the Volkswagen Multivan T7 model, Yonhap News English reported Aug. 19. The South Korean tiremaker is equipping Volkswagen’s large van with its ECSTA HS52 summer tire as original equipment (OE) from May. Kumho Tire operates three tire manufacturing plants in South Korea. Outside South Korea, the company operates three plants in mainland China, one in Vietnam and one in the US. The South Korean tiremaker generated 4.04 trillion won (about $3 billion) in sale...
    News
    Volkswagen plans to consolidate its R&D operations with a focus on EVs in mainland China
    Europe’s largest carmaker Volkswagen is consolidating its research and development resources for electric vehicles in mainland China, with plans to make Anhui its second global R&D hub, according to a news report published by CnEVPost on Aug. 16. The CnEVPost report cited a local media outlet 36kr as the original source of the news story. It said that in a recent restructuring, Volkswagen has centralized its battery-electric vehicle (BEV) R&D in mainland China under Volkswagen (C...
    News
    AutoTechInsight Weekly - 19 August 2024
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    News
    Krishna Group's SKH Metals forms strategic alliance with Magna International
    SKH Metals, a company owned by Indian auto components supplier Krishna Group, has entered into a strategic alliance with Magna International to improve its vehicle body and chassis operations in India, Autocar Professional reported Aug. 14. The two partners have established a new company named SKH M, which will leverage SKH's manufacturing prowess and Magna's advanced technology to foster innovation in chassis and body-in-white (BIW) systems, thereby enhancing product offerings, extending mar...
    News
    Nexteer Automotive’s H1 net income declines 52.9% year over year to $16 million
    Nexteer Automotive has reported a 52.9% year-over-year decline in net income to $16 million in the first half of the current financial year ended June 30, 2024, the company said in a press release on Aug. 14. Revenue dropped slightly by 0.1% year over year to $2.1 billion. Despite stagnant revenue, Nexteer recorded a 5.9% year-over-year growth in EBITDA to $197 million. In the first six months of 2024, Nexteer booked new business worth $2.1 billion, 26% of which was from new products. Du...
    News
    Polestar begins production of its luxury SUV Polestar 3 in the US
    Swedish electric performance carmaker Polestar has commenced the production of its luxury SUV, Polestar 3, at its manufacturing facility in South Carolina, USA, making the model the first Polestar EV to be produced on two continents, the company announced on August 14. According to the company, its factory in South Carolina produces cars for customers in the US and Europe, complementing existing production in Chengdu, mainland China. Commenting on the milestone, Thomas Ingenlath, Polestar...
    News
    Nokian Tyres secures ISCC PLUS certification
    Nokian Tyres' manufacturing facility, located in Nokia, Finland, has been awarded the International Sustainability and Carbon Certification (ISCC) PLUS, as announced in a press release on Aug. 13. This certification allows Nokian Tyres to incorporate sustainable, ISCC PLUS-certified raw materials into its tires, marking a significant step toward the company's sustainability objectives. One of the company's key goals is to increase the percentage of recycled or renewable raw materials used i...
    News
    Yokohama Rubber’s H1 net profit rises 68.3% year over year to $289.5 million
    Yokohama Rubber has reported 68.3% year-over-year increase in net profit to ¥46.6 billion (about $289.5 million) in the first half of the current financial year ended June 30, 2024, the company said in a press release on Aug. 9. The company’s operating profit nearly doubled to ¥56.2 billion compared with ¥28.2 billion in the first six months of 2023. Yokohama Rubber recorded strong growth in earnings driven by an 18.5% year-over-year increase in sales revenue to ¥525.3 billion. Sales in...
    News
    Toyo Tires reports 44.2% year-over-year growth in H1 net profit to $261 million
    Toyo Tires has reported a 44.2% year-over-year increase in net profit to ¥42 billion (about $261 million) in the first half of the current financial year ended June 30, 2024, the company said in a press release on Aug. 9. Net sales increased 3% year over year to ¥273.5 billion. The Japanese tiremaker recorded operating income of ¥47.6 billion, a year-over-year increase of 78.3%, which drove operating margin to 17.4% compared with 10% a year earlier. Sales in the company’s Tires busi...
    News
    Thailand BOI offers incentives to encourage JVs in automotive parts sectors
    The Board of Investment (BOI) of Thailand has approved measures to encourage joint ventures between Thai and foreign companies in the automotive parts industry, aiming to elevate technology and innovation development, and seize opportunities in the global supply chain. This initiative aims to foster business opportunities, enabling Thai manufacturers to advance automotive part technology to meet modern automotive needs. The measures cover both internal combustion and electric vehicle par...
    News
    Nexteer Automotive launches new mPEPS steering system
    As reported in a press release on Aug. 12, Nexteer Automotive has introduced its modular pinion-assist electric power steering (mPEPS) system. The development enhances Nexteer's offering in modular electric power steering (EPS) solutions, adding single-pinion and dual-pinion systems to its portfolio. The company said that the mPEPS system capitalizes on its existing EPS technology to provide a scalable solution that offers original equipment manufacturers significant cost and time saving...
    News
    ZF expands electric car axle drive manufacturing capacity at Saarbrücken, Germany
    ZF plans to expand capacity at its manufacturing plant in Saarbrücken, Germany, by adding two more electric car axle drives to its local production operations, the company announced Aug. 8. The move is aimed at preparing the ZF site to react in a timely and more flexible manner to market developments. The capacity expansion is financed, among other sources, by the Future Fund, which ZF launched together with employees in 2022. The Saarbrücken-based production plant is one of the largest ...
    News
    AutoTechInsight Weekly - 12 August 2024
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    News
    Bridgestone’s H1 net income rises 8.6% year over year to $1.2 billion
    Bridgestone has reported an 8.6% year-over-year increase in net profit to ¥199.1 billion (about $1.2 billion) in the first half of the current financial year ended June 30, 2024, the Japanese tiremaker said in a press release. Revenue increased 3.6% year over year to ¥2.2 trillion. Bridgestone also recorded an 11.9% year-over-year growth in operating profit to ¥280.4 billion. However, the company’s adjusted operating profit declined 3.8% year over year to ¥229.2 billion. Bridgestone has...
    News
    AAM’s Q2 net income more than doubles to $18.2 million
    American Axle & Manufacturing (AAM) has announced that its net income more than doubled to $18.2 million in the second quarter ended June 30, 2024, compared with $8 million during the same period in 2023, according to the company’s press release on Aug. 9. Operating income increased 49.6% year over year to $86.5 million. The US-based supplier recorded strong growth in earnings as net sales increased 3.9% year over year to $1.6 billion. Sales in AAM’s Driveline business increased ...
    News
    Hankook Tire reports Q2 2024 net sales at 1.69 trillion won, down 1.8% YOY
    According to a report published on Aug. 8, Hankook Tire reported its second-quarter 2024 net sales at 2.31 trillion won ($1.69 billion), an increase of 2.4% year over year, compared to net sales of 2.26 trillionSouth Korean Won in the second quarter of 2023. In the second quarter, high-inch tires, measuring at least 18 inches, comprised 46.3% of all passenger car and light truck (PCLT) tire sales, representing a year-over-year increase of 2.8 percentage points. High-inch passenger tires ...
    News
    Linamar's Q2 sales rises 11.6% year over year to $2.8 billion
    Linamar has reported an 11.6% year-over-year increase in sales to $2.85 billion in the second quarter ended June 30, 2024, the company said in a press release on Aug. 8. Higher sales helped the company record a 26.8% year-over-year increase in operating earnings to $271.5 million and a 29% year-over-year growth in net income to $174.1 million. In the first six months of 2024, Linamar reported a 15% year-over-year growth in sales to $5.6 billion. The company recorded operating earnings of $540...
    News
    Continental’s Q2 net income rises 46.2% year over year to €305 million
    Continental has reported a 46.2% year-over-year increase in net income to €305 million in the second quarter ended June 30, 2024, according to a press release by the Germany-based supplier on Aug. 7. Sales dropped 4.1% year over year to €10 billion. Despite lower sales, the company recorded adjusted earnings before interest and taxes of €704 million, up 40.6% year over year, resulting in an adjusted EBIT margin of 7% compared to 4.8% during the second quarter of 2023. Sales declined in ...
    News
    Goodyear reports strong recovery in Q2 earnings despite lower sales
    Goodyear Tire & Rubber has released its financial results for the second quarter of 2024, revealing a net income of $85 million compared to a net loss of $208 million a year earlier. The company recorded income before income taxes of $140 million against a loss before income taxes of $210 million realized in the second quarter of 2023. Goodyear reported improved earnings despite experiencing a 6% year-over-year drop in net sales to $4.6 billion. The company reported segment operating inco...
    News
    Gestamp's H1 revenue drops 2.1% year over year to €6.1 billion
    Gestamp has reported 2.1% year-over-year decline in revenue to €6.1 billion in the first half of the current financial year ended June 30, 2024, the company said in a press release on July 29. Lower revenue impacted the Spain-based supplier’s earnings, with the company witnessing 8.3% year-over-year decline in EBITDA to €642 million and 21.7% year-over-year drop in earnings before interest and taxes (EBIT) to €285 million. Net income decreased 34.6% year over year to €106 million....
    News
    Continental unveils ExtremeContact XC7 tires with ContiSeal and ContiSilent technologies
    Continental Tires has launched the ExtremeContact XC7 premium tire equipped with ContiSeal and ContiSilent technologies across all sizes. This enables the Germany-based tiremaker to offer a blend of self-sealing and noise-reduction features into a single tire. Available in sizes ranging from 17” to 20”, and with 34 different articles, the ExtremeContact XC7 caters to a broad range of luxury cars and sport utility vehicles (SUVs). "Continental Tires has accumulated profound insights into t...
    News
    AutoTechInsight Weekly - 5 August 2024
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    News
    Goodyear Tire announces changes in senior leadership team
    The Goodyear Tire & Rubber Co. has announced significant changes in its senior leadership team. The US-based tiremaker has appointed Mamatha Chamarthi as senior vice president and chief digital officer, and Will Roland as senior vice president and chief marketing officer, effective Aug. 1. Both Chamarthi and Roland will report directly to Mark Stewart, president and CEO of Goodyear. “It's imperative that we understand our customers on a deeper level and both Will and Mamatha allow us to...
    News
    BorgWarner supplies wet clutch, hydraulic control modules to Buick for new GL8 PHEV van
    BorgWarner has supplied wet clutch and hydraulic control modules for the 2-speed hybrid transmission of General Motors’ premium brand Buick’s new GL8 plug-in hybrid vehicle (PHEV) van, with production beginning in June, the company announced July 30. The said transmission unit is the first large and medium-sized plug-in hybrid transmission produced by General Motors in mainland China for the domestic market. BorgWarner said that its efficiency-enhancing wet clutch and hydraulic control mo...
    News
    Continental enters long-term purchase agreement with Pyrum Innovation for sustainably derived carbon black
    Continental has entered a long-term purchase agreement with Pyrum Innovations, a leader in thermolysis technology, for the supply of high-quality recovered carbon black (rCB) derived from end-of-life tires. This initiative marks an essential step in Continental's strategy to incorporate more sustainable materials into its passenger car tires. It aligns with the company's broader goal to increase the use of renewable and recycled materials in its products to over 40% by 2030. The collaboration be...
    News
    Nexen Tire premium tires selected for the all-new, third-generation Porsche Cayenne
    Nexen Tire, a leading global tire manufacturer, announced that the tire manufacturer received original equipment manufacturer approval for the new high-end Porsche Cayenne Sports sport utility vehicle (SUV) that will be equipped with the N’FERA SPORT SUV tires, as reported in a press release on July 29. The N’FERA SPORT SUV is a premium tire for tailored SUVs made at the Nexen Tire European plant. The company supplies its tires for new cars, and these have asymmetrical patterns that are a...
    News
    Pirelli unveils new all-season tire P Zero MS
    Pirelli has launched its new all-season tire, the P Zero MS, especially designed for premium and prestige carmakers. The new tire is part of Pirelli's Ultra High Performance (UHP) all-season tire portfolio, complementing the previously introduced Scorpion MS, which targets the latest generation of sport utility vehicles (SUVs). The P Zero MS has been selected by several car manufacturers, such as Audi for the A4 and A6 e-tron models, thanks to its attributes, including excellent cornering gri...
    News
    AutoTechInsight Weekly - 29 July 2024
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    News
    Nexen Tire and Ansible Motion partner to enhance tire R&D
    Nexen Tire has taken significant strides toward incorporating advanced technologies into its tire research and development efforts. Embracing virtual reality (VR) and AI, the company aims to enhance its R&D efficiency to keep pace with the fast-evolving mobility sector, as reported in a press release on July 22. On July 4, Nexen Tire unveiled the High Dynamic Driving Simulator, a VR equipment in tire development, in collaboration with British equipment supplier Ansible Motion. This i...
    News
    Indian auto component industry’s turnover rises 9.8% year over year to $74.2 billion in FY 2023/24
    The Automotive Component Manufacturers Association of India (ACMA) has released the findings of its Industry Performance Review for the financial year 2023/24, ended March 31, 2024. According to the association, which represents more than 900 auto parts suppliers, the turnover of the industry increased 9.8% year over year to 6.1 trillion rupees (about $74.2 billion). The domestic market's component supply to original equipment manufacturers grew by 8.9%, totaling 5.18 trillion rupees. Exports...
    News
    Frédéric Sipahi resigns as CEO and general manager of Sogefi
    In a press release dated July 23, Sogefi announced that Frédéric Sipahi has resigned as CEO and general manager in order to undertake a new and different professional project. Sipahi’s resignation from his role as CEO will be effective at the end of July, and from his role as general manager at the end of August. Sogefi has decided to activate the noncompete clause provided under his employment contract for a duration of one year, which entails the payment of a total g...
    News
    China’s Windrose plans to build electric trucks in the US
    Chinese electric-truck maker Windrose plans to set up an assembly plant in the US to assemble its semitrucks for delivery from 2025, according to a news report published by Reuters on July 23. The report cited Windrose Founder and CEO Han Wen, who disclosed the company’s plans in an interview with the news agency. The move, which would directly challenge Tesla in its home market, underscores a potential relook by Chinese vehicle manufacturers after former US President Donald Tr...
    News
    Porsche warns production shutdowns citing supply shortage of special aluminum alloys
    Porsche has cut down its sales outlook for the fiscal year 2024 due to a significant supply shortage of aluminum components, which are used by the German sports-car maker in all its models, the company announced July 23. “The supply shortage is the result of the flooding of a production facility of an important European aluminum supplier who has informed its customers in writing of the occurrence of a force majeure event,” the Volkswagen-backed luxury performance carmaker said in a statem...
    Briefing
    Ford plans to assemble F-Series Super Duty pickups at its Ontario plant in Canada
    In an attempt to expand production of one of its most popular and profitable vehicles, Ford Motor Co. plans to assemble F-Series Super Duty pickups at its Oakville Assembly Complex in Ontario, Canada, starting in 2026, the carmaker announced July 18. The move to add production of up to 100,000 units of its best-selling Super Duty to Oakville expands Super Duty production across three plants in North America, including the Kentucky Truck Plant and Ohio Assembly Plant, which are operating at fu...
    News
    AutoTechInsight Weekly - 22 July 2024
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    News
    EIB grants €425 million promotional loan for ZF to pursue innovation in braking and steering systems
    The European Investment Bank (EIB) has granted a €425 million promotional loan to ZF Friedrichshafen to support the Germany-based supplier's €1.3 billion investment in research and development, according to the company’s press release on July 15. This funding aims to advance innovative technologies in braking and steering systems, particularly focusing on the transition toward software-defined vehicles (SDVs) and enhancing ZF's competitiveness in the evolving mobility sector. ZF, known ...
    News
    JLR and Pirelli pioneer sustainable tire initiative
    JLR, formerly known as Jaguar Land Rover, has reached an agreement with Pirelli to use tires made with Forest Stewardship Council (FSC)-certified natural rubber across its model lineups, the carmaker said in a press release on July 11. FSC is an international, non-governmental organization dedicated to promoting responsible management of forests worldwide. It offers certification for various industries, including fashion, fiber, furniture, natural rubber, paper and packaging, and wood, which rel...
    News
    Toyo Tires unveils Observe Giz3 studless tire for improved ice performance
    Toyo Tires has announced the forthcoming release of the Observe Giz3 — a studless tire for passenger cars — in the domestic market, from August 2024. The company is also introducing new sizes for sport utility vehicles (SUVs) to accommodate the growing popularity of these vehicles, as reported in a press release on July 12. The recent warm winter in Japan and the increasing temperature differences between day and night have led to rapidly changing road conditions. During the day, snow may...
    News
    AutoTechInsight Weekly - 15 July 2024
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    News
    Jaguar Land Rover partners with Pirelli for sustainable tires
    Jaguar Land Rover (JLR) has announced a partnership with Pirelli to incorporate Forest Stewardship Council (FSC)-certified natural rubber tires across JLR's range of modern luxury vehicles, according to a press release on July 11. This initiative, a first on such a scale in the global automotive sector, will see JLR adopting over 250,000 FSC-certified tires annually, starting with the new Range Rover Electric. This collaboration aligns with JLR's Reimagine strategy, underscoring its commitmen...
    News
    Gestamp plans expansion of manufacturing operations in US to serve growing EV components market
    Gestamp North America plans to expand operations at its manufacturing facilities located in the state of Michigan, US. The expansion involves adding new production machinery and equipment to produce components for electric vehicles at three facilities located in Mason, Mich.; Lapeer, Mich.; and Chelsea, Mich. In addition, the company plans a new production facility in Chesterfield, Mich., to further serve vehicle manufacturers. The project is expected to create up to 580 new jobs an...
    News
    Yokohama Rubber to supply tires for Lexus' new GX 550 SUVs
    In a press release on July 10, The Yokohama Rubber Co. Ltd., based in Hiratsuka, Japan, recently announced its role in supplying GEOLANDAR X-CV tires as an optional original equipment (OE) for Lexus' new luxury on-road sport utility vehicle (SUV), the GX 550. The tires, which come in sizes 265/55R20 113V for the North American market and 265/55R20 109V for the Japanese market, were designed to cater to the vehicle's launch in North America in April 2024 and its upcoming general sales debut in Ja...
    News
    AutoTechInsight Weekly - 8 July 2024
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    News
    Toyo Tires supplies Open Country A/T III tires to Toyota Land Cruiser 250, Lexus GX SUVs
    Toyo Tires is supplying its Open Country A/T III tires as original equipment for the new Toyota Land Cruiser 250 sport-utility vehicle (SUV), which went on sale in the Middle East and other regions in June 2024, the company said in a press release. The all-terrain tire is offered in 265/70 R18 116H size. Separately, Toyo Tires also started supplying the Open Country A/T III tires as original equipment fitment in the all-new Lexus GX SUV, which went on sale in North America and elsewhere in Ap...
    News
    Making waves in the autonomous driving industry: Wayve’s funding splash
    Wayve's recent funding represents the largest AI fundraising in the UK to date. One notable aspect of Wayve's approach to automated/autonomous driving technology is its focus on empowering a variety of manufacturers through its 'Embodied AI' technology. Unlike many competitors that rely heavily on high-definition maps and pre-programmed routes, Wayve utilizes a machine learning model that learns from vast amounts of data, simulating human learning. This adaptability enables Wayve's system to han...
    Insights
    Rane Holdings to acquire full ownership of Rane NSK Steering Systems
    The board of directors of India-based automotive supplier Rane Holdings has approved the company’s decision to acquire the remaining 51% stake in Rane NSK Steering Systems from its Japanese partner NSK for 450 million Indian rupees ($5.4 million), Autocar Professional reported July 1. This acquisition will make Rane NSK Steering Systems a wholly owned subsidiary of Rane Holdings, subsequently leading to its renaming as Rane Steering Systems. The completion of this acquisition is anticipated by...
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    Nokian Tyres produces first tire at new Romania factory
    The Nokian Tyres Romania factory has successfully produced its first tire, marking a significant milestone in the company's expansion plans. Announced in a press release on July 1, 2024, the event signifies the on-schedule progression of the factory located in Oradea, Romania, toward its goal of beginning commercial tire production in early 2025. This achievement follows the factory's groundbreaking in May 2023 and is a testament to the project advancing within budget. Recruitment for the Rom...
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    AutoTechInsight Weekly - 1 July 2024
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    Yokohama Rubber announces new tire plant in Hangzhou, China
    The Yokohama Rubber Co. Ltd., based in Hiratsuka, Japan, has announced its plan to establish a new passenger car tire manufacturing facility in the Qiantang New District of Hangzhou City, Zhejiang Province, China, as reported in a press release July 1. This development comes with an initial intent to produce 9 million tires annually, considering further capacity expansion in the future. The project, which represents a significant investment of approximately ¥1,960 million, is set to commence...
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    Yokohama Rubber to supply tires for Honda's new FREED minivan
    The Yokohama Rubber Co. Ltd., based in Hiratsuka, Japan, has announced its partnership with Honda Motor Co. Ltd., where it will provide its BluEarth-FE AE30 tires as original equipment for Honda's new compact minivan, the FREED, as reported in a press release June 28. These tires, sized 18565R1588S, are part of Yokohama's BluEarth brand, which emphasizes environmental, human and societal friendliness. The BluEarth-FE AE30 is noted for its fuel efficiency and the balance it offers between vari...
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    General Tire to equip Mercedes-AMG G63 with Grabber HTS60 tire
    General Tire has reached an exclusive agreement with Mercedes-AMG to supply the new Mercedes-AMG G63 sport utility vehicle (SUV) with its original equipment tires. The sports version of the Mercedes-Benz G-Class will be fitted with General Tire’s Grabber HTS60 MO1A summer tires. The tire, available in 27550 R 20113H XL size, delivers safety and peak performance, both on paved roads and off-road conditions. General Tire says its Grabber HTS60 tire delivers has specially been designed for SUV...
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    Stellantis reiterates its circular economy goals at IARC 2024, Belgium
    Stellantis NV, a leading global automaker, is making considerable progress on its circular economy initiatives, which entail growing its presence in recycling, expanding its share in material sourcing while limiting impact on natural resources. The company’s circular economy initiatives are called SUSTAINera. Speaking at the International Automotive Recycling Congress (IARC), in Antwerp, Belgium, Alison Jones, senior vice president of Stellantis’ Global Circular Economy, said, “Since th...
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    Enso to build $500 million tire manufacturing plant for EVs in the US
    UK-based startup Enso has announced its plans to construct a $500 million tire manufacturing plant in the US to supply eco-friendly tires for electric vehicles. The company has planned a phased development for the facility, which is expected to reach an initial production capacity of 5 million tires per year by 2027, providing employment for about 600 workers. At full capacity, the plant will have the capacity to produce 20 million tires a year. The UK-based company is currently evaluating se...
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    Topy Industries FY 2023–24 net profit rises 26% year over year to $31 million
    Topy Industries has reported a 26% year-over-year increase in net profit to ¥4.7 billion (about $31 million) in the financial year ended March 31, 2024, the company said in a press release. Operating profit increased 45.5% year over year to ¥10.4 billion, resulting in an operating profit margin of 3.1%, compared with 2.1% in the previous financial year. Topy Industries recorded strong growth in profit despite net sales declining marginally to ¥334 billion. Net sales in the Automotive and I...
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    AutoTechInsight Weekly - 24 June 2024
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    Toyota recalls 145,000 SUVs over airbag deployment issue
    Toyota has issued a voluntary recall of some 145,000 units of model year 2024 Toyota Grand Highlander and Lexus TX sport utility vehicles in the US to fix side curtain airbags which may not deploy properly in certain crash scenarios, the automaker said in a press release June 20. The side curtain airbag on the driver side may not deploy as intended during certain crashes if the driver’s window is rolled down. “If this occurs, the vehicles may not meet a federal safety standard, increasing...
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    UK EV startup WEVC unveils lightweight modular EV platform
    The UK-based electric-vehicle startup Watt Electric Vehicle Company (WEVC) has unveiled a new lightweight modular EV architecture called Paces, according to a news report published by AL Circle on June 20. It said that WEVC’s new EV platform can be easily adapted to various sizes and shapes to suit the requirements of passenger vehicles. The platform can accommodate front wheel drive (FWD), rear wheel drive (RWD) and all-wheel drive (AWD) powertrain configurations, employing an innovative a...
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    Continental completes fourth phase capacity expansion at Hefei plant in mainland China
    Continental has completed the fourth phase of capacity expansion at its tire plant in Hefei, China, the company said in a press release June 20. With the latest expansion, the company has increased the annual production capacity of the Hefei plant to 18 million tires. The German tire maker stared toperations at the Hefei plant, its only plant in mainland China, in 2021. The company has so far invested close to €1 billion at the plant that produces tires for passenger and commercial vehicles...
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    Jaguar Land Rover, Chery deepen partnership to develop new EV range in mainland China
    British luxury-car maker Jaguar Land Rover (JLR) and Chery Automobile Co. are deepening their 12-year partnership to strengthen their equal joint venture company — called CJLR — product offerings in mainland China, JLR announced June 19. JLR and Chery have signed a letter of intent (LoI) to license the Freelander brand to CJLR for jointly developing a range of new electric vehicles to be built on Chery’s EV architecture. The two companies plan to establish a Freeland...
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    LD Carbon secures $28 million in Series-C funding to expand recycling operations
    LD Carbon, one of the leading suppliers of recovered carbon black, has successfully concluded its Series-C funding round, raising $28 million, the company said in a press release on June 19. The latest funding round was headed by Toyota's growth fund, Woven Capital, and saw the participation of several notable investors including Meritz Securities, Investwith, Industrial Bank of Korea, Hyundai Motor Group’s ZER01NE, Elohim Partners and New Main Capital. LD Carbon will use the funds to upsca...
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    General Motors to build Cadillac Optiq in Mexico
    General Motors (GM) plans to manufacture its all-new Cadillac Optiq in Mexico, according to a news report published by online publication GM Authority on June 12. The news report cites an official confirmation from GM’s Mexican subsidiary, which said that the Cadillac electric vehicle crossover will be locally produced at the GM Ramos Arizpe plant. With the planned production of Cadillac’s Optiq in Mexico, the GM Ramos Arizpe plant will become the second production site to produce the ...
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    AutoTechInsight Weekly - 17 June 2024
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    Hyundai Motor’s India unit files for IPO
    Hyundai Motor India Ltd., the Indian unit of South Korean carmaker Hyundai Motor Group, has filed a draft red herring prospectus with the Securities and Exchange Board of India for its planned initial public offering, according to a news report published by CNBC-TV18 on June 15. The Korean automaker plans to sell a 17.5% stake in Hyundai Motor India Ltd. by offering 142 million shares in India, according to the regulatory filing. Hyundai Motor India’s IPO is speculated to be India’s large...
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    Volkswagen, Vulcan Green Steel partner on low-carbon steel
    Volkswagen AG and Vulcan Green Steel have signed a memorandum of understanding (MOU) for a partnership for low-carbon steel, which is a key element of the German carmaker’s green steel strategy, VW announced June 12. The volumes of low-carbon steel that Volkswagen AG expects to order will cover a significant proportion of total steel requirements and will be used by the VW Group’s production facilities from 2027 onward, the company said. It further added that the fully vertically integ...
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    Jaguar Land Rover to adopt Chery’s modular architectures to develop BEVs, PHEVs
    British luxury-car maker Jaguar Land Rover (JLR) plans to develop battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) on its mainland China-based joint venture partner Chery’s M3X and E0X modular architectures, according to a news report published by the online automotive news portal CarNewsChina.com on June 12. The report mentioned that Chery Chairman Yin Tongyao has confirmed that JLR will adopt Chery’s M3X and E0X modular platforms, which underpin several mode...
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    JK Tyre partners with EKA Mobility for EV tire production
    According to a press release on June 12, JK Tyre & Industries has announced a strategic partnership with EKA Mobility, an electric mobility company supported by Mitsui Co. Ltd. (Japan) and VDL Groep (the Netherlands). The partnership aims to provide comprehensive mobility solutions, with a focus on the development and production of a new generation of electric vehicle tires for commercial vehicles. JK Tyre's connectivity solutions include a first-of-its-kind cloud-based monitoring system for...
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    Hankook Tire supplies original equipment tire for Mitsubishi’s compact SUV Xforce
    Hankook Tire & Technology (Hankook Tire) supplies Ventus Prime 4 as an original equipment tire (OET) for the Xforce, a compact sport utility vehicle (SUV) from Japanese automaker Mitsubishi Motors, as reported in a press release on June 11. The Xforce is a compact SUV specially developed to cater to the Southeast Asian market. Built like a traditional SUV model, it features a stylish yet spacious interior and multipurpose storage space that enhance convenience and functionality. In additi...
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    Volkswagen plans to capitalize on collaboration with Xpeng to consolidate in mainland China
    Volkswagen aims to course-correct and catch up in mainland China, the world’s largest electric vehicle market, through its collaboration with local carmaker Xpeng Motors, according to a news report published by Nikkei Asia on June 12. The company, which is celebrating the 40th anniversary of its joint venture with Shanghai's SAIC Motor this year, has been witnessing tough competition from local players in mainland China and has been falling behind in rolling out new electric cars. Citing...
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    Zeekr begins production of electric SUV X, plans deliveries in overseas markets in Q3 2024
    Geely’s premium electric car unit Zeekr has commenced mass production of the right-hand-drive (RHD) variant of its electric sport utility vehicle (SUV) — the Zeekr X — in order to prepare for overseas deliveries later in 2024, according to a news report published by CnEVPost on June 7. Citing a company’s post on Weibo, the report mentioned that Zeekr has started rolling out the first RHD Zeekr X SUVs from its production line, as overseas deliveries of these electric vehicle model...
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    Chrysler recalls over 211,500 vehicles for software glitch
    Chrysler is recalling 211,581 sport utility vehicles (SUVs) and pickup trucks in the US due to a software glitch that could potentially disable the vehicles' electronic stability control (ESC) systems. The vehicles affected include certain model year 2022 Dodge Durango, Ram 2500 and Ram 3500. Outside of the US, the recall affects 17,462 vehicles in Canada, 2,313 vehicles in Mexico, and another 5,023 vehicles in certain markets outside of North America. These vehicles were produced between Apr...
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    AutoTechInsight Weekly - 10 June 2024
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    Hino Motors to exit from auto-parts business in US, close Marion plant in Arkansas by mid-2027
    Hino Motors Manufacturing (HMM), the US subsidiary of Hino Motors, has decided to withdraw from the auto-parts manufacturing business and close its Marion plant in Arkansas, US, by mid-2027, according to a press release on June 5. The decision comes a few weeks after Hino’s board of directors decided that the plant was unprofitable with no sign of recovery. The plant suffered an operating loss of $189 million. Hino invested $160 million in the Marion plant when it began operations in 2...
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    REE Automotive unveils all-new software-defined EV platform for commercial vehicles
    REE Automotive Ltd., an automotive technology company and provider of full by-wire electric trucks and platforms, has unveiled the next generation of its P7-S stripped chassis on the sidelines of the ACT Expo in Las Vegas, the company said on May 21. The company said that the Class-5 chassis was developed in collaboration with a leading delivery fleet, designed to increase delivery efficiencies and improve fleet management. The first customer delivery of the new next-gen P7-S is slated to tak...
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    Brakes India and Advics establish JV for advanced brake systems
    Brakes India, a braking systems manufacturer and part of the TSF Group, and Advics, a premium brake system supplier and an Aisin Group company, have agreed to establish a joint venture to design, develop and manufacture advanced braking products for the Indian light-vehicle market, Autocar Professional reported June 5. The JV, owned 51% by Brakes India and 49% by Advics, will initially focus on developing electronic stability control (ESC). It will be established in southern India with an invest...
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    Continental tire plant in Hefei, China, receives ISCC PLUS sustainability certification
    The Continental tire plant in Hefei, China, recently became the company’s latest production site to receive the International Sustainability and Carbon Certification (ISCC) PLUS sustainability certification, according to a press release on June 4. The globally recognized standard certifies that Continental meets specific sustainability standards. It also confirms the transparency of the traceability of the raw materials used in the production process. Certification of the raw materials enab...
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    BMW and Pirelli develop winter tire for BMW 7 series
    According to a press release on June 4, BMW Group and Pirelli have unveiled the new 20-inch P Zero Winter 2 tires designed specifically for the BMW 7 Series. These tires, which focus on maximizing range capabilities, have achieved an A-class European labeling for rolling resistance, setting a new standard for all-electric vehicle tires. Winter tires generally have higher rolling resistance compared to summer tires due to their compounds and tread patterns, which are designed to provide better...
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    Yokohama Rubber’s GEOLANDAR X-CV tires coming factory-equipped on Mazda’s new Mazda CX-70
    In a press release on June 3, The Yokohama Rubber Co. Ltd. announced that it is supplying its GEOLANDAR X-CV (Pattern No. G057H) tires as original equipment (OE) to Mazda Motor Corp. for use on the automaker’s new crossover sport utility vehicle (SUV), the Mazda CX-70, sales of which were launched in North America in April. The tire size is 265/55R19 109V. The GEOLANDAR X-CV tire being supplied as OE represents a new standard in highway-terrain tires that Yokohama Rubber developed to meet t...
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    AutoTechInsight Weekly - 3 June 2024
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    Jeep launches its first pure EV – electric Wagoneer S with 100-kWh battery pack
    Stellantis-owned Jeep brand has launched its first fully electrified SUV — the 2024 Jeep Wagoneer S Launch Edition on May 30. The all-new, all-electric 2024 Jeep Wagoneer S will launch first in the US and Canada in the fall of 2024 and later be available in markets around the world, Stellantis said in a press note. The Jeep Wagoneer S is powered by an efficient 400-volt, 100-kilowatt-hour battery pack that allows the vehicle to charge from 20% to 80% in 23 minutes with a DC fast charger. Th...
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    Renault teams up with a Chinese partner to develop affordable €20,000 electric car
    French carmaker Renault is teaming up with a Chinese engineering company to further develop affordable electric cars based on its Twingo platform, according to a news report published by Reuters on May 31. The news comes soon after Renault and Volkswagen’s ongoing talks for a joint development project on affordable electric cars collapsed for unknown reasons. According to the news report, Renault plans to develop affordable electric cars priced below €20,000 to compete with the aggressive...
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