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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    12-Apr-2021 News OEM Purchasing Pinned
    Android’s grip tightens on automotive OS
    Android Automotive has taken the automotive headunit by storm. From its initial introduction in early 2017 until now, six global automakers across more than 10 brands have signed on, accounting for nearly one-fifth of all vehicles once fully rolled out. The significance of Android Automotive lies wi...
    DuPont to build USD30-million plant for vehicle adhesives in Jiangsu, China
    DuPont has announced that it is investing roughly USD30 million to build a new production facility in mainland China in Zhangjiagang, Jiangsu Province. According to a company press release on 20 April, the new facility will produce adhesives for the transportation industry, to cater to demands for v...
    22-Apr-2021 News Investments
    BMW iX3 all-electric SUV to feature optional Tenneco CVSAe damper
    Tenneco has supplied its Continuously Variable Semi-Active Suspension with external valve (CVSAe) technology as an option on the BMW iX3 all-electric SUV, according to a company press release on 20 April. The new crossover electric sports utility vehicle (SUV) will be the first of 13 BMW n...
    Navya, REE Automotive partner to develop Level 4 autonomous system
    Navya, a leading company in autonomous driving systems, and REE Automotive, an innovator in e-Mobility, announced an agreement to develop a Level 4 autonomous system including REE corner technology and Navya self-driving solutions. The press release was announced on 19 April in REE's company we...
    Auto Shanghai 2021: MY 2021 Mercedes-Benz EQB electric SUV premiered
    Mercedes-EQ, Mercedes-Benz’s new electric mobility brand premiered the all-electric compact EQB sports utility vehicle (SUV) on 18 April at the first press day of Auto Shanghai 2021, according to a company press release on 18 April. The company will also premiere the EQS luxury sedan in Asia ...
    19-Apr-2021 News New Products
    Auto Shanghai 2021: Audi premieres PPE technology, four new EV models alongside FAW, SAIC
    For the first time, Audi is partnering with two other automakers, FAW and SAIC, at the Auto Shanghai 2021 according to a company press release on 19 April. Audi and its Chinese partner companies FAW and SAIC are showing four world premieres, including new Audi A6 e-tron concept vehicle, the updated ...
    19-Apr-2021 News New Products
    Suppliers to the new Seat Leon
    The fourth-generation 2020 Seat Leon is assembled at Seat's facility in Martorell, Spain. Output of the new version of the hatchback is expected to peak at more than 129,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car cutaways pub...
    AutotechInsight Weekly – 19 April 2021
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    Auto Shanghai 2021: NTN to exhibit ball bearing products for electrified vehicles
    NTN Corporation has announced that it will exhibit products pertaining to electrification, low fuel consumption, and higher efficiency at the Auto Shanghai 2021 held in Shanghai, mainland China, from 19 to 28 April, according to a company press release on 15 April 2020. These mainly include bearings...
    16-Apr-2021 News New Products
    Subaru recalls 871,205 vehicles in US over engine control module, rear stabilizer bar issues
    Subaru has issued two separate recalls affecting 871,205 vehicles in the United States over issues with engine control module (ECM) and rear stabilization bars, Automotive News reported on 15 April. The recalls involve certain model year (MY) 2017–19 Impreza sedan and hatchback and MY 2018–19 Cr...
    16-Apr-2021 News Recalls
    Auto Shanghai 2021: Toyoda Gosei to display steering wheel concept
    Japan-based Toyoda Gosei company will exhibit products for electrified vehicles and products related to autonomous driving in mainland China, at the Auto Shanghai 2021, according to a company press release on 12 April. The company will showcase a concept steering wheel module, which offers h...
    15-Apr-2021 News New Products
    Automakers struggling with pandemic-induced rubber plant shutdowns
    Automakers have begun struggling with rubber supply shortage issues, even as they work around COVID-19 pandemic-related plant shutdowns in terms of the global chip shortage, according to an article from Automotive News Canada dated 13 April. Significance: The rubber shortage is blocking...
    General Motors recalls 60,678 vehicles in US over steering issue
    General Motors is recalling 60,678 vehicles in the United States over a steering issue, according to a recall notice on the National Highway Traffic Safety Administration Vehicle Safety (NHTSA) website on 25 March. The recall affects certain model year (MY) 2015 Chevrolet Colorado and GMC Canyon veh...
    14-Apr-2021 News Recalls
    Ford adds hybrid, RWD variants in Explorer SUV lineup
    American carmaker, Ford, has announced that it is expanding its model year (MY) 2021 Explorer sports utility vehicle (SUV) portfolio. According to a press release issued by Ford on 8 April, the company is adding a rear-wheel drive (RWD) Explorer Platinum, and a Platinum Hybrid variant. Order...
    14-Apr-2021 News New Products
    EV startup REE Automotive signs strategic collaboration with Magna
    Israeli EV startup, REE Automotive, has announced that it has entered into a strategic alliance with Canadian supplier, Magna International Inc., for the production of fully Modular Electric Vehicles (MEVs) for tech companies and new electric mobility players under the ‘Powered by REE’ brand. ...
    14-Apr-2021 News New Products
    AK Automotive to invest USD23.8 million to expand car parts factory in Slovenia
    AK Automotive plans to invest EUR20 million (USD23.8 million) to expand its car parts factory in Koper, Slovenia, according to a report by SeeNews on 12 April. AK Automotive intends to build a new production unit spreading on 2,000 square meters of area to produce car parts and chassis parts. Sig...
    13-Apr-2021 News Investments
    AutotechInsight Weekly – 12 April 2021
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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    Yokohama Rubber supplies ADVAN Sport V107 tires for BMW’s iX3
    The Yokohama Rubber Co., Ltd. announced in a press release on 5 April 2021, that it is supplying its “ADVAN Sport V107” tires to the BMW’s new iX3, the first Sports Activity Vehicle (SAV) with an all-electric-drive system from the BMW brand. The tire supplier began shipping the tires to the BM...
    Continental to test tires in dynamic driving simulator
    Continental is investing in a state-of-the-art dynamic driving simulator to develop its premium tires for the original equipment (OE) business more efficiently, sustainably, and precisely in line with customer requirements in the future, the German supplier announced in a press release on 7 April 20...
    AutoTechInsight Webinar: Bridging the Gap from Level 2+ to Autonomous Driving
    Watch an on-demand replay now AutoTechInsight Webinar: Bridging the Gap from Level 2+ to Autonomous Driving Automated driving sits at the forefront of vehicle technology and presents an opportunity for brand differentiation in a crowded market. As automakers, suppliers, and mobility provi...
    07-Apr-2021 News Webinars
    Yokohama supplies OE tires for Mercedes GLB 35 4MATIC
    Yokohama is supplying its ‘ADVAN Sport V107’ as original equipment (OE) fitment on Mercedes-AMG’s new sport utility vehicle (SUV) GLB 35 4MATIC, which went on sale in Europe in December 2019. The GLB 35 can be outfitted with 21-inch 255/35ZR21 98Y size ADVAN Sport V107 tires. The ADVAN Spor...
    AutotechInsight Weekly – 5 April 2021
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    Pirelli’s aims to invest USD833–856 million for technological and productivity upgrade in 2021–22
    Pirelli has launched the 2025 Industrial Plan with new plans for production and technology upgrades, according to a company press release on 31 March. According to the plan, the company plans to invest EUR710–730 million (USD833–856 million) in the two-year period of 2021–22 for technological ...
    01-Apr-2021 News Investments
    KUKA receives major order for body-in-white engineering and assembly
    KUKA has secured an order for body-in-white (BIW) components engineering and assembly from a global automaker, according to a company press release on 31 March 2021. The company said the order is in the mid-double-digit million euro range. For the automotive industry, KUKA offers engineering, pro...
    Minda Industries’ subsidiary to expand alloy wheel production capacity in India
    Minda Industries, flagship company of UNO MINDA Group, has announced that its subsidiary, Minda Kosei Aluminum Wheel Private Limited, will expand its four-wheeler alloy wheel capacity in India, according to company filing with BSE on 27 March. The capital expenditure for the capacity expansion will ...
    31-Mar-2021 News Investments
    Nokian Tyres increases passenger car tire production capacity at Finnish factory by 30%
    Nokian Tyres plc is increasing its production capacity for passenger car tires at its Finnish factory by about 30% by starting to run in four shifts, according to a company press release on 29 March. The capacity increase is expected to warrant an approximate increase of 70 new people in Nokia, Finl...
    31-Mar-2021 News Investments
    Lexus debuts LF-Z Electrified concept EV
    Toyota-owned Japanese luxury carmaker, Lexus, has debuted its new electric vehicle (EV) concept, the LF-Z Electrified. According to a press release issued by Lexus on 30 March, the company stated the Lexus LF-Z Electrified is slated for launch in 2025. Additionally, the company has lined up 20 new E...
    31-Mar-2021 News New Products
    AutotechInsight Weekly – 29 March 2021
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    Electrification pushing chassis component technology trends
    Earlier in March, Volkswagen, and Japan-based automotive components supplier, NSK, formed a partnership between their steering divisions to further the level of innovation in automotive steering technology. Today, even with a commoditized component such as the steering system, automakers and supplie...
    DIVESTMENT: Kumho Tire to sell natural rubber processing plant in Vietnam
    Kumho Tire has announced that it will sell its natural rubber processing plant in Vietnam to focus on its core business, reports Yonhap. The development comes on the back of the South Korean tire-maker striking a deal with a joint venture between Korean automaker Hyundai Motor and Thanh Cong Group o...
    AutoTechInsight Webinar: Automotive chip shortage - do we ever learn?
    Watch an on-demand replay now  AutoTechInsight Webinar: Automotive chip shortage - do we ever learn? Phil Amsrud and Jeremie Bouchaud will present on the origin of the chip shortage and will explain the specifics of the automotive chip supply chain. IHS Markit will also analyze best pract...
    24-Mar-2021 News Webinars
    NSK develops ultra-high-speed bearing for hybrids, EVs
    NSK has developed a new ultra-high-speed bearing ideal for electric vehicles (EVs), including battery electric, hybrid, and other new energy vehicles, according to a company press release on 18 March. The new bearing allows electric motors to operate at higher speeds, reducing power consumption per ...
    24-Mar-2021 News New Products
    Goodyear partners with EV rental company UFODRIVE to improve fleet performance
    Goodyear Tire & Rubber company today announced a strategic partnership with electric vehicle (EV) rental company UFODRIVE, aimed at improving EV fleet performance, according to company press release on 23 March. The companies aim to integrate their complementary mobility solutions, which include...
    Alcoa supplies sustainable low-carbon aluminum for wheels on Audi’s e-tron GT
    Alcoa Corporation is supplying sustainable aluminum for wheels used on the Audi e-tron GT, which is the first vehicle to ever use metal from a revolutionary technology that eliminates all direct carbon dioxide emissions from the traditional smelting process, Alcoa and Audi announced in separate pres...
    Suppliers to the new Toyota Supra
    The fifth-generation 2020 Toyota Supra is assembled at Toyota's facility in Graz #2, Austria. Output of the new version of the sports grand tourer is expected to peak at more than 8,800 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car ...
    China Automotive Systems updates new proprietary EPS
    China Automotive Systems (CAAS) has updated its new electric power steering (EPS) product offering, according to a company press release on 22 March. The new EPS system has been developed based on the company’s proprietary technologies. CAAS has begun mass production of this product for new vehicl...
    23-Mar-2021 News New Products
    Hyundai recalls 95,198 vehicles in US to replace ABS module
    Hyundai has issued new recalls impacting a total of 95,198 cars in the United States to replace anti-lock braking system (ABS) module, according to a report by CNET on 18 March citing the National Highway Traffic Safety Administration (NHTSA). The recall involves certain model year (MY) 2017–20 G8...
    22-Mar-2021 News Recalls
    AutotechInsight Weekly – 22 March 2021
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    ZF FY 2020 sales declines by 10.7% y/y to USD40 billion
    ZF has reported 10.7% year-over-year (y/y) decline in sales to EUR32.6 billion (USD40 billion) in the financial year ended 31 December 2020, the Germany-based automotive supplier said in a press release on 19 March. The company generated 46% of its 2020 sales from Europe. North America and Asia-Paci...
    Goodyear, Voyomotive to pilot tire monitoring solutions in United States
    The Goodyear Tire & Rubber Company is collaborating with connected car technology firm Voyomotive to pilot tire monitoring services in the United States, according to a company press release on 18 March.  The service is being provided to Voyomotive consumer and fleet customers, th...
    Nexteer’s FY 2020 revenues slide by 15% y/y to USD3 billion
    Nexteer Automotive has reported a loss in revenues of 15% y/y to USD3.03 billion for FY 2020  ended 31 December 2020, according to a press release on 17 March today. The company’s net income also declined by roughly 50% y/y to USD117 million, mainly due to decline in revenues on the back of i...
    Goodyear, TNO collaborate to demonstrate connected tire technology
    The Goodyear Tire & Rubber Company and Dutch research organization TNO are joining hands to develop a demonstration vehicle that will test the consequences of connected tires communicating with the vehicle's control system, particularly the anti-lock brake system (ABS), according to a press rele...
    REE Automotive unveils five new REEcorner™ technology packs
    E-mobility sector company REE Automotive (REE) has revealed five new and improved REEcorner™ architecture designs, as well as electric vehicle (EV) platforms technology for its range of commercial EVs. REE plans on offering tailored technical configurations to fulfill specific B2B needs, i...
    17-Mar-2021 News New Products
    DIVESTMENT: Mutares sells majority stake in STS Group to Adler Pelzer
    Mutares SE & Co.  has signed a share purchase agreement with Adler Pelzer Holding GmbH, a company of the Adler Pelzer Group, for the sale of its entire majority shareholding of 73.25% in STS Group AG, according to separate press releases by STS and Adler Pelzer on 11 March. Mutares expects ...
    Indian supplier UNO Minda Group realigns business domains
    Indian supplier UNO Minda is realigning its business domains to be future-ready, according to a regulatory filing by the company on 15 March. The company has been working on ‘Organization & Business Transformation’ project for last few months in partnership with a global consulting firm. The...
    Suppliers to the new Audi A3
    The fourth-generation 2020 Audi A3 is assembled at Audi's facility in Ingolstadt #1, Germany. Output of the new version of the compact sedan is expected to peak at more than 59,000 units in 2023, according to IHS Markit. If you would like your company included in this feature or the car cutaw...
    thyssenkrupp Steel announces investing in sheet steel plants to improve material quality
    As part of its Strategy 20-30, thyssenkrupp Steel is investing in its manufacturing facilities to improve the surface quality of premium sheet steel, according to a company press release on 11 March. The company has placed an order for two new walking beam furnaces for the revamped hot strip mill 4 ...
    16-Mar-2021 News Investments
    Veoneer launches collision mitigation technology on Polestar 2 EV
    Veoneer has supplied collision mitigation technology to the Polestar 2 electric vehicle (EV), helping it receive a five-star rating in Euro NCAP's safety test, according to a company press release on 15 March. Significance: The fully electrical Polestar 2 outperformed the 13 vehicles that Euro NC...
    Schaeffler joins STARTUP AUTOBAHN as ‘anchor partner’
    Schaeffler has joined the Stuttgart-based STARTUP AUTOBAHN innovation platform as ‘anchor partner’, the company announced in a press release on 11 March 2021. “As a global automotive and industrial supplier, we want to pioneer motion to advance how the world moves. STARTUP AUTOBAHN is perfe...
    Faraday Future completes winter testing of FF 91 EV
    Faraday Future, a California-based global shared intelligent mobility ecosystem company, has announced that it recently completed its second season of winter testing and validation on one of its FF 91 pre-production electric vehicles (EVs). The dynamic testing, conducted in conjunction with Bosch...
    16-Mar-2021 News New Products
    AutotechInsight Weekly – 15 March 2021
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    German supplier KIRCHHOFF Automotive to invest UDS15 million in assembly facility in US
    Germany-based automotive supplier, KIRCHHOFF Automotive is investing USD15 million to open an assembly facility in Lawrenceville, Georgia, US, according to a press release on 8 March from Georgia Department of Economic Development (GDEcD). The project is expected to create 73 new jobs in Gwinnett Co...
    15-Mar-2021 News Investments
    Kumho Tires plans USD297.8 million investment to nearly double capacity at Vietnamese plant
    Kumho Tire under ownership of China’s Doublestar Tyre has pledged USD297.8 million to nearly double the capacity at its tire plant in Vietnam to sustain exports to North America while avoiding hefty US tariffs, according to a regulatory filing. The company’s Chinese owner Doublestar also plan...
    15-Mar-2021 News Investments
    Electric parking brakes poised to become more prevalent in lower-segment cars
    Electric parking brakes (EPBs), which were once a luxury feature made available only to buyers of premium and high-end vehicles, is set to make significant inroads into the lower vehicle segments over the short-to-medium term. This system replaces the traditional hand- or foot-operated brake lever w...
    Continental plans to invest USD178 million in Romania in 2021
    Continental invested EUR150 million (USD178 million) in Romania in 2020, SeeNews reported the company saying in a statement on 11 March. The German supplier will invest similar amount at its manufacturing facilities and research and development (R&D) centers in 2021.   Significance: All ...
    12-Mar-2021 News Investments
    Sintercom India raises fund from Miba group
    Sintercom India Limited (Company) has raised funds on a preferential private placement basis in the form of equity shares and compulsory convertible debentures (CCDs) from one of its promoters Miba Sinter Holding GmbH & CO KG (Miba), according to a press release on 5 March 2021. The funds raised...
    AutoTechInsight Webinar: Augmented reality - A new frontier for automotive head-up displays
    Watch an on-demand replay now  AutoTechInsight Webinar: Augmented reality: A new frontier for automotive head-up displays This webinar will provide context by reviewing the global trends driving the market for head-up displays. Trends will be considered amongst the backdrop of curren...
    10-Mar-2021 News Webinars
    Continental’s FY 2020 sales declines 15.3% y/y to USD46.3 billion
    Continental has reported a 15.3% year-on-year (y/y) decline in sales to EUR37.7 billion (USD46.3 billion) for the fiscal year ended 31 December 2020, the German car parts supplier said in a press release on 9 March 2021. The company posted minus EBIT of EUR718.1 million, compared with minus EBIT of ...
    Indian supplier Talbros Automotive wins multi-year contract worth USD41 million
    Talbros Automotive has announced a multi-year INR3.04 billion (USD41 million) contract along with its JV partners. The orders will be implemented over a span of 5 years with a major chunk of it distributed between 2023–25. “We continue building strong order book given our hedged product portf...
    Superior Industries FY 2020 sales declines 19.7% y/y to USD1.1 billion
    US-based light vehicle aluminum wheel supplier Superior Industries (Superior) has posted its financial results for the full fiscal year (FY) 2020. According to a press release issued by Superior on 5 March, the company posted a net sales figure of USD1.1 billion, which implies a reduction of 19.75% ...
    Brembo FY 2020 revenue slides 14.8% y/y to USD2.63 billion
    Italy-based automotive components supplier Brembo has posted its financial results for the full fiscal year (FY) 2020. According to a press release issued by Brembo on 4 March, the company posted a total sales figure of USD1.85 billion, which implies a reduction of 14.78% year over year (y/y) from t...
    AutoTechInsight Weekly – 8 March 2021
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    Magna debuts electrified chassis and connected PHEV powertrain systems
    As part of Magna’s roadmap to e-mobility, the company has introduced its new connected plug-in hybrid vehicle (PHEV) drivetrain and next-gen all-electric AWD solution. According to a press release issued by Magna on 4 March, the company debuted both these products in Sweden. The Magna Etelligen...
    05-Mar-2021 News New Products
    Goodyear appoints Nathaniel Madarang as head of Asia Pacific region
    American tiremaker The Goodyear Tire & Rubber Company has announced that Ryan Patterson, currently the president of its Asia Pacific business unit, will lead the effort to integrate Cooper Tire with Goodyear as the company’s senior vice president of Business Integration. According to...
    Bethel Automotive Safety Systems to open new plant in Mexico
    China-based Bethel Automotive Safety Systems is planning to open a new plant in Saltillo, Mexico, according to a report by Mexico Now on 1 March. The company plans to invest USD48 million in new plant, which is expected to generate 550 new jobs. Significance: In the phase 1, the company will manu...
    05-Mar-2021 News Investments
    Martinrea FY 2020 sales dips 12.6% y/y to USD3.38 billion
    Canada-based automotive components supplier Martinrea has posted its financial results for the full fiscal year 2020. According to a press release issued by Martinrea on 4 March, the company posted a total sales figure of USD3.38 billion, which implies a reduction of 12.64 % year-over-year (y/y) fro...
    Bekaert FY 2020 sales slide 12.7% y/y to USD4.55 billion
    Belgium-based automotive components supplier, Bekaert, has published its financial results for the 2020 fiscal year. According to a press release issued by Bekaert on 3 March, the company posted consolidated sales of EUR3.77 billion (approximately USD4.55 billion) during the FY 2020 period. This imp...
    Vibracoustic provides air springs and hydro bushings for FAW’s Hongqi E-HS9 SUV
    Vibracoustic is supplying front and rear axle air springs as well as hydro bushings for FAW’s new Hongqi E-HS9, the supplier announced in a press release on 2 March 2021. The all-electric luxury-class sport utility vehicle (SUV) is available on the Chinese market since late 2020. Hongqi is the lux...
    Hyundai Mobis FY 2020 sales declines 3.7% y/y to USD32.23 billion
    Hyundai Mobis has reported 3.7% year-over-year (y/y) decline in sales to KRW36.63 trillion (USD32.23 billion) in the financial year ended 31 December 2020, the company said in a regulatory filing. Operating profit fell by 22.4% y/y to KRW1.83 trillion. Hyundai Mobis also witnessed 33% y/y drop in pr...
    Nexteer expands driveline portfolio for EVs
    Automotive steering components and motion control systems supplier, Nexteer Automotive, has announced that it has further expanded its driveline portfolio with its new Halfshaft technologies that are tailored to meet the unique demands of electric vehicles. According to a press release issued by ...
    03-Mar-2021 News New Products
    Continental to invest USD72.4 million in expanding Mexican brake parts plant
    German automotive parts maker Continental will invest around EUR60 million (about USD72.4 million) to expand its brake parts plant in the central Mexican state of San Luis Potosi, according to a Reuters report on 1 March. The company will manufacture brake parts in the 20,000 square meters of new pr...
    02-Mar-2021 News Investments
    Volkswagen, NSK collaborate to advance steering technology
    Japan-based automotive components supplier, NSK Ltd., has announced its collaboration with Volkswagen AG. According to a press release issued by NSK on 1 March, the company stated that this partnership agreement between the companies' steering divisions has been done with the intention to further in...
    02-Mar-2021 News New Products
    AutoTechInsight Weekly – 1 March 2021
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    Goodyear appoints Chris Helsel as SVP of global operations and CTO
    American tire supplier, Goodyear, has announced that it has appointed Chris Helsel as the senior vice president of global operations and chief technology officer. According to a press release issued by Goodyear on 25 February, he will be succeeding Jonathan Bellissimo, who is retiring after a career...
    Continental recalls around 94,000 passenger vehicle and light truck tires in US
    Continental has announced a voluntary recall program involving approximately 94,000 Continental, General, and Barum brand passenger vehicle tires, according to a press release on 25 February. The affected tires were produced at the company’s Mt. Vernon, Illinois plant and sold to vehicle manufactu...
    01-Mar-2021 News Recalls
    Sogefi FY 2020 revenue slides 17.8% y/y to USD1.45 billion; appoints Frederic Sipahi as new CEO
    Italy-based automotive components supplier, Sogefi Group, has released its financial results for the fiscal year of 2020. According to a press release issued by Sogefi on 26 February, the company generated revenues of EUR1.2 billion (approximately USD1.45 billion) during FY 2020, which implies a dro...
    Constellium FY 2020 revenue drops 17.3% y/y to USD5.94 billion
    French aluminum products supplier, Constellium, has published its financial results for the 2020 fiscal year. According to a press release issued by Constellium on 25 February, the company posted a revenue of EUR4.88 billion (approximately USD5.94 billion) during FY 2020. This represents a decline o...
    Michelin launches Pilot Sport EV tire for electric sportscars
    France-based tire manufacturer, Michelin, has announced its first tire that has been designed specifically for electric sportscars. According to a press release issued by Michelin on 25 February, the company stated that the Pilot Sport EV tires will be launched on 1 April in a choice of 16 sizes for...
    26-Feb-2021 News New Products
    Bridgestone, ARLANXEO and Solvay introduce TECHSYN tire technology platform
    Bridgestone, ARLANXEO, a synthetic rubber producer, and Solvay have launched the ‘TECHSYN’, a new, codeveloped tire technology platform enabling tires to deliver improved strength and environmental performance, Japanese tire manufacturer announced in a press release on 23 February. Solvay provid...
    25-Feb-2021 News New Products
    Tenneco FY 2020 revenue declines 11.9% y/y to USD15.38 billion
    Tenneco has reported 11.9% year-over-year (y/y) decline in revenue to USD15.38 billion in the financial year ended 31 December 2020, the company said in a press release on 24 February. Full year revenue declined in all product lines except in Clean Air- Substrate sales which recorded 10.8% y/y growt...
    Yokohama Rubber, Alps Alpine, and Zenrin begin pilot testing of tire and road surface sensing system
    Yokohama Rubber, Alps Alpine and Zenrin are conducting pilot testing with connecting data obtained from an Internet of Things (IoT) tire fitted with a road surface sensing system to map data. According to a press release issued by Yokohama Rubber on 19 February, the company has stated that this pilo...
    25-Feb-2021 News New Products
    Gestamp’s FY 2020 revenue slides 17.75% y/y to USD9.07 billion
    Spain-based metal components supplier, Gestamp, has published its financial results for the 2020 fiscal year. According to a press release issued by Gestamp on 24 February, the company posted a revenue of EUR7.46 billion (approximately USD9.07 billion) during the FY 2020 period. This implies a reduc...
    Magna begins construction of new battery enclosure production plant in Michigan, US
    Canadian automotive components and systems supplier, Magna International, announced that it has broken ground on a new manufacturing facility in St. Clair, Michigan, US. According to a press release issued by Magna on 23 February, the company stated that this new facility will build complex battery ...
    24-Feb-2021 News Investments
    ACQUISITION: Goodyear to acquire Cooper Tire for USD2.5 billion
    American tire manufacturer, Goodyear Tire & Rubber Company, has announced that it has entered into a definitive transaction agreement to acquire Cooper Tire. According to a joint press release issued by Goodyear and Cooper Tire on 22 February, the transaction has a total enterprise value of appr...
    Mercedes-Benz recalls more than 40,000 SUVs in US over software glitch
    Mercedes-Benz has issued a recall for 41,838 model year (MY) 2020 and 2021 GLE and GLS models in the United States over an issue with the Electronic Stability Program software, Bloomberg reported on 20 February. The fault can cause the vehicle to move to one side, increasing the risk of a crash. Mer...
    23-Feb-2021 News Recalls
    Cooper Tire FY 2020 net sales fall 8.4% y/y to USD2.52 billion
    American tire manufacturer Cooper Tire & Rubber Company has reported an 8.4% year-on-year (y/y) decline in net sales to USD2.52 billion for the fiscal year ended 31 December 2020, according to a company press release on 22 February. Operating profit for the year grew 32.3% y/y to USD231 million....
    Yokohama Rubber targets sales of JPY700 billion in FY 2023 under new management strategy
    Japanese tire supplier, Yokohama Rubber Co. Ltd., has announced its new medium-term management strategy. According to a press release issued by Yokohama Rubber on 19 February, the new Yokohama Transformation 2023 (YX2023) strategy will serve as the platform for the growth over the next three years t...
    Magna’s FY 2020 sales declines 17.2% y/y to USD32.65 billion
    Canada-based automotive components and systems supplier, Magna International, has published its financial results for the 2020 fiscal year. According to a press release issued by Magna on 19 February, the company reported sales of USD32.65 billion during FY 2020, which represents a reduction of 17.2...
    Suppliers to the new Renault Captur
    The second-generation Renault Captur is assembled at Renault's facility in Valladolid, Spain. According to IHS Markit production forecasts, output of the new generation Renault Captur from the plant is expected to peak in 2022 at over 229,000 units. If you would like your company included in ...
    Cooper Standard’s FY 2020 sales drop 23.6% y/y to USD2.38 billion
    Cooper Standard’s net sales declined 23.6% year on year (y/y) to USD2.38 billion in the fiscal year ended 31 December 2020, the US-based automotive supplier said in a press release on 17 February. The company reported a net loss of USD267.6 million, compared with a net income of USD67.5 million in...
    AutoTechInsight Weekly – 22 February 2021
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    Dana’s FY2020 sales fall 17.6% y/y to USD7.11 billion
    US-based automotive components supplier Dana has published its financial results for the 2020 fiscal year (FY). According to a press release issued by Dana on 18 February, the company posted net sales of USD7.11 billion, which implies a reduction of 17.6% year on year (y/y) from the U...
    Pirelli supplies intelligent tires equipped with sensors on new McLaren Artura sportscar
    Pirelli has announced that it will equip the McLaren Artura sportscar with its intelligent tyres with sensors, according to a 17 January press release. The Cyber Tyre system gathers data for safe driving and is linked to the car’s onboard computer. Information on temperature and pressure is tra...
    Yokohama Rubber’s FY2020 revenue slides 12.3% y/y to USD5.4 billion
    Japanese tire manufacturer Yokohama Rubber Co. Ltd. has published its financial results for the 2020 fiscal year (FY). According to a press release published today by the company, Yokohama Rubber generated a revenue of JPY570.57 billion (approximately USD5.4 billion) during FY2020. This im...
    More prevalent vehicular autonomy could drive demand for magnetorheological damper systems
    Automotive OEMs have and continue to invest significant amounts of time, money, and effort to make their vehicles more comfortable to drive, and a sizeable portion of attention is aimed particularly at the vehicles’ suspension systems. Automobile manufacturers have a wide variety of damper types t...
    Toyo Tires FY 2020 net sales decline 8.9% y/y USD3.33 billion
    Japanese tire manufacturer, Toyo Tire Corporation, has published its financial results for the 2020 fiscal year period. According to a press release issued by Toyo Tire on 15 February, the company posted net sales of JPY343.76 billion (approximately USD3.33 billion) during FY 2020, which implies a r...
    AutoTechInsight Webinar: EV Charging Infrastructure: Is vehicle technology the bottleneck?
    Watch an on-demand replay now AutoTechInsight Webinar: EV Charging Infrastructure: Is vehicle technology the bottleneck? With an evident shift towards battery electric vehicles underway within major automotive markets in spite of the global coronavirus pandemic, increased focus is being d...
    17-Feb-2021 News Webinars
    REE Automotive inaugurates a new engineering center in UK
    REE Automotive has announced the establishment of a new Engineering Center of Excellence in the United Kingdom. According to a press release issued by REE Automotive on 16 February, the company stated that this new Engineering Center will expedite its strategic plans to meet global demand for its RE...
    17-Feb-2021 News Investments
    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...
    Bridgestone’s FY 2020 revenue falls 14.6% y/y to USD28.25 billion
    Japanese tire manufacturer Bridgestone has released its financial performance results for the fiscal year ended 31 December 2020. According to a press release issued by Bridgestone on 16 February, the company has posted a 14.6% year-on-year (y/y) decline in revenue to JPY2.99 trillion (approximately...
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