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    Sumitomo Rubber supplies Dunlop-brand OE tires for Subaru S209
    Japanese tire maker and rubber components manufacturer Sumitomo Rubber Industries Ltd. has announced that it will be supplying the Dunlop SP Sport Maxx GT 600A series high-performance tires as original equipment (OE) fitment for the Subaru Tecnica International (STI) S209 sportscar, according to a p...
    Trelleborg reorganizes business segments to enhance profitability
    Sweden-based Trelleborg has announced that the company is implementing organizational changes to focus on select segments aimed at improving profitability, according to a company press release on 4 December. In the new organization, Trelleborg will consist of three business areas in place of the exi...
    MY2020 Nissan Skyline features DRiV Monroe Intelligent Suspension
    The 2020 Skyline 400R has now gone on sale in Japan with the Monroe Intelligent Dynamic Suspension (IDS) of DRiV, according to a press release issued on December 4th. This new suspension system features the DRiV continuously variable semi-active (CVSAe) technology. The CVSAe electronic suspension...
    Mercedes-Benz GLE Coupé to get plug-in hybrid engine, 48V tech and advanced air suspension
    In a press statement released on December 5th, German car maker Mercedes-Benz has brought out the latest iteration of its GLE Coupe SUV. Among other variants, the GLE Coupe is also available as a plug-in hybrid version. Powering this SUV is a 2.0 litre, 4 cylinder diesel engine that works in tandem ...
    05-Dec-2019 News New Products
    New chassis technologies in ADAS and autonomous vehicles
    The global chassis systems market is currently undergoing a sea change, and strategies of both OEMs and suppliers are, above all, being molded by the emergence of advanced driver assistance systems (ADAS) and autonomous vehicles. A growing number of chassis systems are being designed to be intellige...
    Schaeffler partners with ABT to electrify LCVs
    Schaeffler has partnered with ABT e-Line GmbH to electrify light commercial vehicles (LCV) weighing up to 3.5 tons, the company announced in a press release on 3 December. ABT will contribute its implementation expertise and flexibility in vehicle retrofitting, whereas Schaeffler will contribute its...
    CES 2020: Rinspeed to showcase MetroSnap modular urban mobility concept
    Swiss automotive manufacturer and tuning firm Rinspeed will be showcasing its inexpensive swapping system for the vehicle bodies, called MetroSnap, at the CES 2020 event in Las Vegas, US. The company has reportedly filed for a patent protection regarding this concept. The MetroSnap concept vehi...
    04-Dec-2019 News New Products
    Bentley commences work on new engineering test centre in Crewe, UK
    British luxury car maker Bentley has announced that the company has begun work on its all-new engineering center in the United Kingdom, according to a press statement issued on 2nd December. This new facility is located at the company’s headquarters in Crewe, and is being constructed due to&n...
    03-Dec-2019 News Investments
    SupplierInsight Weekly – 25 November 2019
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    Bridgestone to establish Innovation Park to accelerate innovation in Japan
    Japan-based Bridgestone Corporation has announced plans to create ‘Bridgestone Innovation Park’, a global center of research, development, and wellness that will help the company accelerate its transformation into a global leader in advanced mobility and sustainable solutions for a world in moti...
    Audi recalls 11,140 vehicles in Australia over incorrectly fastened wheel arch covers
    Audi has issued a recall of 11,140 vehicles in Australia over incorrectly fastened wheel arch covers, according to a recall notice on the Australian Competition and Commission (ACCC) website on 28 November. The recall affects model year (MY) 2017–2020 Audi Q5 vehicles. Significance: In the affe...
    29-Nov-2019 News Recalls
    Mercedes-Benz to recall 24,226 vehicles in US to update communication module software
    Mercedes-Benz will recall 24,226 vehicles in the United States to update communication module software, according to a recall notice on the National Highway and Transport Safety Authority (NHTSA) website earlier this month. The recall affects model year (MY) 2013-2017 AMG GT, MY 2016-2017 AMG GT S, ...
    28-Nov-2019 News Recalls
    ZF to open third R&D facility in China at Guangzhou by 2023
    German automotive components maker, ZF Friedrichshafen AG, has announced its plan to open a new research and development center in the Chinese city of Guangzhou. According to a press release issued on 27th November, this facility will be the company’s third R&D center in China, and it is ...
    28-Nov-2019 News Investments
    Sumitomo Rubber develops ‘Tire Leap AI Analysis’ for development of long-lasting tire
    Sumitomo Rubber Industries Ltd (SRI) has developed a new technology that makes use of artificial intelligence (AI) to predict the properties of rubber, according to a company press release on 26 November. The technology called ‘Tyre Leap AI Analysis’ can also detect rubber’s structural changes...
    27-Nov-2019 News New Products
    Nippon Light Metal Georgia starts building new plant in US
    Nippon Light Metal North America, Inc. (NLMNA), a wholly owned subsidiary of Nippon Light Metal Co Ltd, and ITOCHU Metals Corporation, have signed an agreement to establish a joint venture (JV) company in the United States to develop and manufacture aluminum components for vehicles, according t...
    Porsche recalls 2,348 vehicles in Australia to reprogram instrument cluster software
    Porsche has issued a recall of 2,348 vehicles in Australia to reprogram instrument cluster software, according to a recall notice on the Australian Competition and Commission (ACCC) website on 26 November. The recall affects diesel variants of model year (MY) 2017-2020 Panamera (971) and MY 2018-202...
    27-Nov-2019 News Recalls
    Audi launches new RS 6 Avant with mild hybrid powertrain and upgraded suspension
    German luxury and sportscar maker Audi has launched the newest version of their RS6 Avant, and this vehicle now features a mild hybrid powertrain and improved suspension systems, among other upgrades. The 4.0 litre, twin turbocharged V8 petrol engine produces a power figure of 591 bhp and a torque o...
    27-Nov-2019 News New Products
    thyssenkrupp’s net sales rise 1.11% y/y to USD46.29 billion in FY2019
    German components manufacturer thyssenkrupp has reported an increase in its net sales to EUR42 billion (approximately USD46.29 billion) during the financial year ended September 30th, 2019, which represents a rise of 1.11%. The company reported its results in a press statement issued on November 21s...
    SupplierInsight Weekly – 25 November 2019
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    MRF’s Q2 net profit down 17.7% y/y to USD32.4 million
    MRF’s consolidated profit from continuing operations declined 17.7% year on year (y/y) to INR2.2 billion (USD32.4 million) in the second quarter ended 30 September 2019, the Indian tire-maker said in a regulatory filing on 8 November. The company’s profit before taxes (PBT) also declined 16.2% y...
    Pirelli to supply OE tires for Aston Martin DBX SUV
    Pirelli is supplying three different tires as original equipment (OE) fitment for Aston Martin’s DBX sport utility vehicle (SUV), the Italian tire-maker said in a press release on 21 November 2019. The tire-maker is supplying the P Zero that offers good performance and handling, the Scorpion Zero ...
    Cooper Tire appoints Ben Patel as senior vice president, chief technology officer
    Cooper Tire & Rubber Company has appointed Ben Patel senior vice president and chief technology officer (CTO), according to a press release on 20 November. In his new role, Patel is responsible for product planning and development, as well as engineering and technology across all regions. H...
    Bridgestone begins manufacturing tires using recycled carbon black
    Bridgestone Americas has begun manufacturing tires using recycled carbon black (rCB), according to a company press release on 20 November. The Japanese tiremaker is using D-E Black in high-quality tires for agriculture and passenger applications across multiple plants in the Americas, including...
    Continental’s supervisory board approves global structural program “Transformation 2019-2029”
    The supervisory board of German automotive components supplier Continental AG has approved the company’s global long-term restructuring program called Transformation 2019-2029, which was announced at the end of September. In a press statement issued on 20 November, Continental said that its s...
    SupplierInsight Webinar: Ambient Lighting – Changing the cabin concept
    Watch an on-demand replay now Sascha Klapper will discuss the industry trends and present the new global forecast for the Ambient Lighting market. Focus of the webinar will be the positioning, optical technology, optical principles and dynamic functions of the current and future Ambient Lighting ...
    20-Nov-2019 News Webinars
    Wheels India plans to open cast aluminum plant in India during next fiscal
    Steel wheels manufacturer Wheels India has announced plans to open a new manufacturing unit to produce cast aluminum in the Indian state of Tamil Nadu, according to a report by ET Auto earlier this month. The company intends to invest INR1.4 billion (USD19 million) in the new plant. Significance:...
    20-Nov-2019 News Investments
    Continental to supply tires for Volkswagen ID.3
    Continental Tire will supply the tires for Volkswagen’s new all-electric hatchback ‘ID.3’, according to a report by Tyre Press on 15 November. The company will supply summer and winter OE tires for 18- and 19-inch rims – the EcoContact 6 summer tire and the WinterContact TS 850 P winter tire...
    Nissan recalls 394,025 vehicles in US over issue with brake systems
    Nissan is recalling 394,025 vehicles in the US over an issue with the braking system, according to a report by Reuters on 17 November. The recall covers model year (MY) 2015–18 Nissan Murano, MY 2016–18 Nissan Maxima, and MY 2017–19 Nissan Pathfinder and Infiniti QX60 vehicles. Signifi...
    19-Nov-2019 News Recalls
    Pirelli develops smart tyres that transmit road condition data via 5G network
    Italian tyre manufacturer Pirelli announced on 14 November that its tyres have transmitted data regarding road surface conditions that was captured by its intelligent tyres over the 5G network. A demonstration conducted by Pirelli showed that a vehicle fitted with the company's Cyber Tyre, which is ...
    18-Nov-2019 News New Products
    Nexen Tire opens new technical center in the US
    South Korean tyre manufacturer Nexen Tire opened a new technical centre in the United States last week. The new USD5.2 million facility in Richfield, Ohio, covers an area of 35,540 ft2 and is expected to strengthen its position as an original equipment (OE) tyre supplier in the N...
    18-Nov-2019 News Investments
    SupplierInsight Weekly – 18 November 2019
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    New Audi S8 features mild-hybrid powertrain, predictive active suspension
    German luxury carmaker Audi has introduced the latest version of its high-performance luxury sedan, the S8, according to a press release dated 14 November. The new Audi S8 features a 4.0-liter, twin-turbocharged, V8 engine with mild hybrid technology that produces a combined system power o...
    15-Nov-2019 News New Products
    Hyundai Mobis develops rear autonomous emergency braking technology using ultra-short-range radar
    Hyundai Mobis has developed a new rear autonomous emergency braking (R-AEB) system using ultra-short-range radar sensor, the company said in a press release today. The new active safety technology is effective in preventing rear-end collisions, when it detects people or objects behind the car, by ap...
    14-Nov-2019 News New Products
    Vibracoustic develops innovative steering column decoupling
    Vibracoustic, a supplier of automotive noise, vibration, and harshness (NVH) solutions, has developed an innovative steering column bushing, the company said in a press release on 12 November. The new solution helps prevent unwanted vibrations in the steering wheel. Significance: The new steering...
    14-Nov-2019 News New Products
    China Automotive Systems reports USD4.2 million net income for Q3
    China Automotive Systems (CAS) has reported a net income of USD4.2 million for the third quarter ended 30 September, compared with a net income of USD0.4 million in the same period a year ago, the China-based power steering components and systems supplier said on 12 November. Net sales for the perio...
    Tenneco’s DRiV to supply ride performance technologies on the Polestar 2 electric fastback
    In a press statement released on 13 November, American auto components manufacturer Tenneco has stated that its ride performance company DRiV will be supplying two ride performance enhancing packages for the Polestar 2 performance electric fastback. Buyers of the Polestar 2 can go for an optional...
    14-Nov-2019 News New Products
    Martinrea posts 14.48% y/y rise in sales, to USD735 million, during Q3 2019
    Canadian lightweight automotive components and powertrain systems supplier Martinrea announced its financial results for the quarter ended 30 September 2019 in a press release issued on 12 November. The company has reported a rise in revenue from CAD851.14 million during the third qua...
    Hitachi Automotive Systems, a global mega supplier in the making
    Automakers and suppliers are joining forces to deal with the immense challenges created by megatrends such as connected cars, electrification, and autonomous driving. Today, there are hardly any automakers which are not investing in these fields. For new innovations with regards to these megatrends ...
    Continental’s Q3 sales up 3% y/y to USD12.1 billion
    Continental has reported 3% year-over-year (y/y) increase in sales to EUR11.1 billion (USD12.1 billion) in the third quarter ended 30 September 2019, the company said in a press release on 12 November. Adjusted for change in scope of consolidation exchange rates, sales dropped slightly, by 0.3% y/y....
    Goodyear supplies OE tire for new Renault Captur
    Goodyear is supplying EfficientGrip Performance tires as original equipment (OE) fitment for the all-new Renault Captur, according to a company press release on 11 November. The company is supplying tires in 215/55R18 95H and 215/60R17 96H sizes. “Goodyear is proud to supply its 215/55R18 95H E...
    Kongsberg revenue climbs 7.8% y/y to USD307.46 million in Q3 2019
    Norwegian automotive components supplier Kongsberg Automotive has registered a revenue of EUR279.2 million (approximately USD307.46 million) during the third quarter of 2019, which represents a rise of 7.8% year over year when compared to the same time frame of last year. The company issued a pre...
    Yokohama Rubber revenue rises 1.1% y/y to USD4.28 billion during January-September 2019
    The Yokohama Rubber Co Ltd announced its financial results for the January to September 2019 period in a press release dated November 12th. The Japanese tire maker reported a 1.1% year over year rise in revenue to JPY465.74 billion (approximately USD4.28 billion) during the first three qua...
    Akebono net sales decline 19% y/y to USD940 million during January-September 2019
    Japan-based supplier of brake systems, Akebono, has released its financial results for the January to September 2019 period. In a statement issued on November 12th, the company has reported a drop in net sales by 19% to JPY102.38 billion (approximately USD940 million). The net sales of the company d...
    ZF inaugurates new facility in Vietnam to produce chassis modules
    German gearbox and chassis components manufacturer ZF has opened its newest production facility in the city of Hai Phong, Vietnam, according to a press release dated November 11th. This new EUR25 million (approximately USD28 million) plant will provide chassis module sets to Vietnamese automotive ma...
    AAM's Q3 2019 net sales fall 7.6% y/y to USD1.68 billion
    American Axle & Manufacturing Holdings, Inc. (AAM) has reported a net sales figure of USD1.68 billion during the third quarter of 2019. This represents a drop of 7.6% from USD1.82 billion when compared to the net sales of the same time frame of last year. The strike between General Motors and UA...
    Showa’s net sales drop 3.1% y/y to USD1.24 billion during Q2 2019
    Japanese automotive suspension components supplier Showa has released its financial results for the April to September 2019 period. According to a report dated October 30th, the net sales of the company fell to JPY135.37 billion (nearly USD1.24 billion) during the six months ended September 30th, wh...
    Mahindra recalls certain XUV300 SUVs in India to fix faulty suspension parts
    Mahindra & Mahindra (M&M) is recalling a limited batch of XUV300 vehicles in India to fix a faulty suspension component, according to a report by The Economic Times on 4 November. The recall affects certain compact sport utility vehicles (SUVs) that were manufactured up until 19 May 2019. Th...
    12-Nov-2019 News Recalls
    GM recalls nearly 40,000 SUVs, pickups in Canada over unintended braking issue
    General Motors (GM) has issued a recall of nearly 37,373 sport utility vehicles (SUVs) and pickup trucks in Canada over an unintended braking issue, Automotive News Canada reported on 4 November. The recall covers model year (MY) 2015-2020 Chevrolet Suburban, Tahoe, and Yukon and 2014-2018 Chevrolet...
    12-Nov-2019 News Recalls
    Sumitomo Rubber to supply Dunlop brand tires for New Lexus GX
    Sumitomo Rubber Industries is supplying its high-performance Dunlop brand tires as original equipment (OE) for Toyota’s Lexus GX models in North America, the company announced in a press release on 1 November. The company is supplying Dunlop GRANDTREK AT23 SUV tires for the Lexus GX model. Sign...
    SupplierInsight Weekly – 11 November 2019
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    Sailun, FAW starts construction of connected vehicle proving ground in China
    Sailun Group and auto maker FAW Group has begun the construction of a connected vehicle proving ground in Dongying, according to a report by Tire Business on 6 November. The project is named East China Intelligent Connected Vehicle Proving Ground and has an investment amount of USD396.2 million e...
    Brembo’s revenue drops 1.97% y/y to USD713.42 million in Q3 2019
    Italian manufacturer of brakes and other components, Brembo, has released the financial results for the period ended September 30th, 2019 in a press statement issued on November 7th. The company’s Q3 2019 revenue stands at EUR647.1 million (approximately USD713.42 million), which is a decline of 1...
    Bridgestone’s net profit fall 6.4% y/y to USD1.9 billion during January-September 2019
    Bridgestone’s net income decreased 6.4% year over year (y/y) to JPY205.4 billion (USD1.9 billion) in the first nine months ended 30 September 2019, the Japan-based tire-maker said in a press release on 8 November. Net sales for the period declined by 1.5% y/y to JPY2.6 trillion. The company witnes...
    Cooper Tire to acquire 100% ownership of Mexican JV facility
    Cooper Tire & Rubber Company has announced plans to increase ownership in its Mexican joint venture (JV) tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58% to 100%, according to a press release earlier this month. To this end, Cooper Tire and Trabajadores Demo...
    Magna’s sales decline 3.1% y/y to USD9.3 billion in Q3
    Magna has reported 3.1% year-over-year (y/y) decline in net sales to USD9.3 billion in the third quarter ended 30 September 2019, the leading Canadian automotive supplier said in a press release on 8 November. Sales, excluding the impact of foreign exchange currency translation and divestures net of...
    Suppliers to the new Skoda Kamiq
    The first generation Skoda Kamiq is assembled at Skoda's facility in Mlada Boleslav, Czech Republic. According to IHS Markit production forecasts, output of the new generation Skoda Kamiq from the plant is expected to peak in 2020 at more than 90,000 units. If you would like your co...
    Sogefi Group revenues decline 3.2% y/y to USD1.27 billion during January-September 2019
    Italian auto components manufacturer, Sogefi Group, has released its financial results for the nine months ended September 30th, 2019. In the company’s interim financial report dated November 7th, Sogefi reported a revenue of EUR1.15 billion (approximately USD1.27 billion) during January-September...
    ArcelorMittal’s Q3 sales fall 10.1% y/y to USD16.6 billion
    ArcelorMittal has reported a 10.2% year-on-year (y/y) decline in sales to USD16.6 million for the third quarter ended 30 September 2019, according to a company press release on 7 November. The company posted a net loss of USD539 million for the period, compared with a net profit of USD899 million in...
    voestalpine registers 2% y/y decline in revenue to USD7.24 billion during H1 2019
    Austrian manufacturer of automotive body-in-white components, voestalpine, has announced a decline in revenue to the tune of 2% during H1 2019 compared to the same time frame of last year. The company’s sales figure for the half year ended 30th September 2019 stood at EUR6.54 billion (approximatel...
    Superior Industries reports higher net loss of USD6.6 million in Q3
    Aluminum wheel supplier Superior Industries has reported a net loss of USD6.6 million for the third quarter ended 30 September 2019, compared to a net loss of USD0.7 million in the same period a year ago, the company said in a press release on 4 November. Net sales for the quarter grew 1.2% y/y to U...
    Schaeffler CFO Dietmar Heinrich to retire in July 2020
    Schaeffler’s chief financial officer (CFO) Dietmar Heinrich will retire on 31 July 2020, according to a company press release on 5 November. The company will announce a successor in due course. Heinrich began his professional career in October 1990 at Alfred Kärcher GmbH & Co. KG, where he...
    General Motors recalls 638,068 vehicles in US to reprogram Electronic-Brake Control Module (EBCM) software
    General Motors (GM) is recalling 638,068 vehicles in the United States over an issue with electronic-brake control module (EBCM) software, according to a recall notice on the National Highway and Transport Safety Authority (NHTSA) website earlier this month. The recall affects model year (MY) 2015-2...
    07-Nov-2019 News Recalls
    Johnson Electric’s H1 net profit rises 16% y/y to USD162 million
    Johnson Electric posted a 16% rise in net profit to USD162 million for the first half of fiscal year 2020, the company reported on 6 November. Group sales for the same period came in 7% lower at USD1.57 billion while the underlying profit, after adjusting for the effects of significant non-cash ...
    Apollo Tyres Q2 net income drops 43% y/y to USD11.7 million
    India-based Apollo Tyres has reported a 43.7% year-on-year (y/y) drop in net profit to INR830.7 million (USD11.7 million) for the second quarter ended 30 September, according to a company regulatory filing on 5 November. The Indian tire-maker reported a 6.3% y/y decline in sales to INR39.2 billion. ...
    Schaeffler’s Q3 revenue increases 2.6% y/y to USD3.9 billion
    Schaeffler has reported a growth of 2.6% year on year (y/y) in its revenue to EUR3.6 billion (USD3.9 billion) during the third quarter ended 30 September 2019. Net income during the quarter, however, declined 17.1% y/y to EUR212 million. EBIT also fell 17% y/y to EUR312 million.  Sales in Au...
    Hankook Tire’s operating profit down 4% y/y to USD155.4 million in Q3 2019
    Hankook Tire has announced its financial results for the third quarter of this year. The South Korea-based tire manufacturer has registered a reduction of 4% year-on-year in its operating profit for the Q3 2019 period. The company reported an operating profit of KRW180 billion (approximately USD1...
    Michelin consolidated sales climb 10.4% y/y during Jan-Sept 2019 to USD 19.82 billion
    French tire manufacturer Michelin has released its most recent financial results in a statement issued on October 24th. The company’s consolidated sales for the January-September 2019 period stood at EUR17.90 billion (nearly USD19.82 billion), which represents a rise of 10.4% when compared to the ...
    Hyundai Mobis’s Q3 net income up 29.4% y/y to USD483.4 million
    Hyundai Mobis has reported 29.4% y/y increase in net income to KRW582 billion (USD483.4 million) in the third quarter ended 30 September 2019, the leading automotive supplier from South Korea said in a regulatory filing. Sales in the quarter increased 12.1% y/y to KRW9.44 trillion. Higher sales also...
    Aisin Seiki announces plan to merge with Aisin AW
    Japanese auto components and transmission manufacturer Aisin Seiki has announced a plan to merge with their automatic transmission production brand, Aisin AW, in a press statement released on October 31st. The planned management integration is being done in order to adapt to automotive industry disr...
    Pirelli revenue rises by 2.8% y/y to USD4.49 billion in Jan-Sept 2019
    Italian tire maker Pirelli released its financial results for the first nine months of 2019, in a statement dated October 29th. Despite a weakening demand for vehicles across most of the world, the company registered an increase in its revenue by a factor of 2.8% to EUR4.036 billion (approximately U...
    Gestamp’s Q3 revenues increase 8.7% y/y to USD2.2 billion
    Gestamp has reported a growth of 8.7% year on year (y/y) in its revenues to EUR2 billion (USD2.2 billion) in the third quarter ended 30 September, according to a company press release on 31 October. Net income during the quarter, however, witnessed a fall of 10% y/y to EUR28 million. Revenues at con...
    Aisin Seiki reports 52.9% y/y drop in H1 net income to USD281.3 million
    Aisin Seiki’s net income declined 52.9% year-on-year (y/y) to JPY30.4 billion (USD281.3 million) in the first half ended 30 September, the company said on 31 October. Revenue dropped 4% y/y to JPY1.91 trillion, mainly due to a decline in automatic transmission sales in China. In the first hal...
    Tenneco’s Q3 net income rises 22.8% y/y to USD70 million
    Tenneco has reported 22.8% year-on-year (y/y) increase in net income to USD70 million in the third quarter ended 30 September, the company said on 31 October. The company recorded an 82.2% y/y increase in revenue to USD4.31 billon. On a constant currency pro forma basis, Tenneco’s revenue inc...
    SupplierInsight Weekly – 4 November 2019
      Click the link above to download this week's issue
    Honda agrees to merge three affiliate suppliers with Hitachi Automotive Systems to create new mega supplier
    Honda has concluded a basic merger agreement with Hitachi Ltd to merge its three affiliated suppliers—Keihin Corporation, Showa Corporation and Nissin Kogyo Co Ltd—with Hitachi Automotive Systems to create a global mega supplier with consolidated sales of JPY1.7 trillion (USD15.6 billion), ...
    Veoneer to divest brake system JV operations in Japan and China
    Veoneer has inked agreements to sell its 51% stake in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture (JV) partner Nissin-Kogyo Co., Ltd. and Honda Motor Co Ltd, according to a company press release. The purchase price is ar...
    Nokian Tyres’ Q3 net profit declines 21.6% y/y to USD55.8 million
    Finnish tire-maker Nokian Tires has reported a 21.6% year-on-year (y/y) decline in net income to EUR51.1 million (USD55.8 million) for the third quarter ended 30 September 2019, according to a company press release on 30 October. Net sales for the period were up marginally by 0.1% y/y to EUR357.3 mi...
    JK Tyre’s Q2 net profit up more than triples y/y to USD24 million
    JK Tyre has reported a more than threefold jump year-on-year (y/y) in net profit to INR1.7 billion (USD24 million) for the second quarter ended 30 September 2019, the Indian tire-maker said in a regulatory filing on 30 October. The company’s profit before tax declined 68.3% y/y to INR216.3 million...
    SupplierInsight Webinar: Strategies in ADAS & Automated Driving
    Watch an on-demand replay now Advanced driver assist systems (ADAS) have become increasingly common throughout the industry since their inception decades ago; automated driving now sits at the forefront of vehicle technology. While these technologies enable similar functionality in different vehi...
    30-Oct-2019 News Webinars
    Brose to set up new plant for electric motors and drives in Serbia
    Brose is planning to open a new plant in Serbia to manufacture electric motors and drives, the company announced in a press release on 25 October. Brose will invest EUR180 millions (USD200 million) in the plant, which is expected to create 1,100 new jobs in production, development and administration...
    30-Oct-2019 News Investments
    Ford issues three recalls affecting 319,711 vehicles in North America
    Ford has issued three safety recalls affecting a total of 319,711 vehicles in North America, the automaker announced in a press release on 29 October. The first recall affects select model year (MY) 2015-17 Ford Transit vehicles over a driveshaft flexible coupling issue. The recall covers 293,558 ve...
    30-Oct-2019 News Recalls
    Sumitomo Rubber to supply Falken brand of OE tires for 2020 Toyota RAV4 TRD Off-Road
    Sumitomo Rubber Industries will be supplying its Falken brand of tires as original equipment (OE) fitment for the new 2020 Toyota RAV4 TRD Off-Road, according to a company press release on 29 October. The tire-maker is supplying Falken WILDPEAK All-Terrain (or A/T) Trail 01A, size 225/60R18 (100H-ra...
    Cooper Tire & Rubber’s Q3 net income down 45.7% y/y to USD29.3 million
    US-based Cooper Tire & Rubber Company has reported a 45.7% year-on-year (y/y) decline in net income to USD29.3 million for the third quarter ended 30 September 2019, according to a company press release on 28 October. Net sales for the period were down 4.5% y/y to USD704.1 million. Operating pro...
    SupplierInsight Weekly – 29 October 2019
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    Schaeffler India appoints Sanjeev Saxena as Automotive President
    Schaeffler India has appointed Sanjeev Saxena as the new Automotive President, according to a company press release on 23 October. In his new role, Saxena will be responsible for the Automotive business of Schaeffler in India. Operating out of the company headquarters in Pune, he will report to Hars...
    Goodyear’s Q3 net income down 74.9% y/y to USD88 million
    Goodyear has reported a 74.9% year on year (y/y) decline in net income to USD88 million for the third quarter ended 30 September 2019, according to a company press release on 25 October. Net sales for the period declined 3% y/y to USD3.8 billion. The tire-maker posted a decline of 76.4% y/y in incom...
    Intelligent braking: Trends and drivers
    Vehicle systems today are increasingly attempting to reduce driver dependence in the event of a crash, apart from day-to-day driving. Braking systems are also being looked at from a critical eye in this respect, in order to further the safety cause in an imminent autonomous future. No longer looking...
    Nidec’s net profit drops 65% y/y to USD 253.73 million in H1 2019
    Automotive components manufacturer Nidec has revealed its consolidated financial results for the six months that ended on September 30th, 2019 in a release dated October 23rd. During this period, the company’s profit attributable to owners of the parent dipped by 64.9% compared to H1 2018 to JP...
    Yokohama supplies OE tires for 2020 Chrysler Voyager
    Yokohama is supplying its Avid S34RV all-season tires as original equipment (OE) fitment for Fiat Chrysler Automobiles (FCA)’s 2020 Chrysler Voyager, according to a report by Tire Business on 24 October. The fitment covers the North American market, including the United States, Canada and Mexico, ...
    Haldex’s Q3 net income down 36.2% y/y to USD3.7 million
    Haldex’s net income declined 36.2% year on year (y/y) to SEK37 million (USD3.7 million) in the third quarter ended 30 September, the Sweden-based automotive parts supplier said on 24 October. Net sales for the period increased 1% y/y to SEK1.28 billion. Despite higher sales, operating income dropp...
    Nissan unveils twin motor all-wheel control electric test car
    Japanese car maker Nissan has unveiled a test vehicle that has been equipped with a plethora of new technologies. This vehicle is based on the Nissan LEAFe+, a fully electric vehicle, and the technologies being tested on it are being developed for the next generation of Nissan’s electric cars. ...
    24-Oct-2019 News New Products
    Yokohama Rubber, Alps Alpine to jointly develop tyre sensors
    Two Japanese firms, tire manufacturer Yokohama Rubber and components manufacturer Alps Alpine, have joined forces in order to perform R&D on tire sensors for passenger vehicles. This information was provided by Yokohama Rubber at a press conference during the ongoing Tokyo Motor Show. The com...
    24-Oct-2019 News New Products
    General Motors recalls 166 vehicles in US over issue with rear brake calipers
    General Motors is recalling 166 units of model year 2020 Chevrolet Equinox vehicles in the United States over an issue with rear brake calipers, according to a recall notice on the website of the National Highway Traffic Safety Administration (NHTSA) website earlier this month. Significance: In t...
    24-Oct-2019 News Recalls
    Constellium's Q3 revenue grows 2% y/y to USD1.64 billion
    Constellium has reported a 2% year-on-year (y/y) growth in revenues to EUR1.4 billion (USD1.64 billion) for the third quarter ended 30 September 2019, according to a company press release on 23 October. Higher revenue helped the Netherlands-based aluminum supplier record 18% y/y growth in adjusted E...
    SKF Group organic sales decrease 1.5% y/y in Jan-Sept 2019
    The Swedish manufacturer of bearings and seals, SKF Group, has released its financial results for the period from January to September 2019. The company has reported a decline in its organic sales by 1.5% in the January to September 2019 period. The organic sales in Q3 dropped by 3% when compar...
    Dura Automotive Systems obtains USD77 million for restructuring after filing Chapter 11 Bankruptcy petition
    Michigan-based automotive components manufacturer, Dura Automotive Systems, has secured a USD77 million debtor-in-possession financing commitment, according to a press statement issued by the company on October 17th. USD50 million of this amount will be new money and it will be used towards Dura Aut...
    CEAT’s Q2 net profit down 30.3% y/y to USD6.2 million
    Indian tire-maker CEAT has reported a 30.3% year-on-year (y/y) decline in net profit to INR439.8 million (USD6.2 million) for the second quarter ended 30 September 2019, according to a regulatory filing by the company on 22 October. Revenue from operations for the period stood at INR16.9 billion, do...
    SupplierInsight Weekly – 21 October 2019
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    Chassis evolution and outlook
    It is a common belief that the chassis of a vehicle has had limited evolution, when compared to other sectors of the car, such as powertrain or electronics. However, in the last decade, the chassis has seen several advancements, not just in terms of its structure, but also the way the chassis is con...
    Piston Group acquires Marion Industries, becomes brake supplier to Honda
    Detroit-based supplier of electronics assemblies and chassis components, Piston Group, has announced their acquisition of Marion Industries recently, which assembles brake modules for Honda America. The company was purchased by the Piston Group from Ernie Green Industries. In addition to becoming...
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