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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    AMG selects Continental SportContact 6 for GT 63 S E Performance
    German tire manufacturer Continental AG announced via press release on 12 October that its high-performance SportContact 6 summer tires had been selected for OE fitment on the new Mercedes-AMG GT 63 S E PERFORMANCE. According to the press release, Continental developed the selected tire spec...
    Linglong tires selected for Honda Crider
    Chinese tire manufacturer Linglong Tire announced via press release on 11 October that the first batch of its tires matching Guangqi Honda were shipped from Liuzhou City and were successfully fitted at the Guangqi Honda plant on Honda Criders. According to the press release, the company had ...
    Apple granted patent for vehicle active suspension design
    The patent, filed in 2018 under the category ‘Lateral and Longitudinal Vehicle Attitude Control’, details an active suspension design with two different actuators parallelly linking the sprung and unsprung masses of the vehicle. Apple details the first actuator to be of an electromagnetic linear...
    Pirelli launches new Cinturato Winter 2 tire for cars and CUVs
    Italian tire manufacturer Pirelli announced via press release on 11 October that it had launched the new Cinturato Winter 2: a winter tire for medium-sized cars and CUVs. According to the press release, the new tire debuts will be available at launch in 36 different sizes from 16 to 20 inche...
    20-Oct-2021 News New Products
    Lynk & Co selects Akebono brakes for 05+ SUV
    Japanese brakes manufacturer Akebono Brake Industry Co., Ltd. announced via press release on 18 October that its brake products had been adopted by Chinese-Swedish premium automotive brand Lynk & Co for the new 05+ high-performance SUV. According to the press release, Akebono is supplyin...
    Renault introduces ‘ONE PEDAL TO PARK’ assistant
    Renault has introduced the ‘one pedal to park’ option for certain vehicles, it said in an official statement on 15 October. Apart from being easier and safer, it also allows the speed of the manoeuvre to be controlled by the driver themselves instead of being defined by the system. “Using t...
    19-Oct-2021 News New Products
    Rane acquires Hical Group's steering components business for USD3.3 million
    Indian industrial group Rane (RML) announced on 11th October that it had agreed to acquire the Steering and Components Division (SCB) of Yagachi Technologies Private Limited from Yagachi Technologies Private Limited, a part of the Hical Group. According to the company, a key reason behind the ino...
    AutoTechInsight Weekly – 18 October 2021
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    ISO 9001 certification restored for Akebono's four manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via press release on 14 October that the ISO 9001 certification had been restored for its Yamagata, Fukushima, Iwatsuki, and Sanyo brake product manufacturing subsidiaries. According to the press release, the ISO quality management ce...
    AAA research finds that AEB and LKA features are affected by moderate to heavy rain
    North American motor club federation American Automobile Association (AAA) announced on 14 October the results of its research study that indicated that the performance of automatic emergency braking and lane keeping assistance features can be impeded by moderate to heavy rain. According to ...
    Vehicle AEB systems in Japan to include protection for cyclists from July 2024
    The Japanese transport ministry at the end of September amended the country’s automatic braking system safety provisions to include protection for bicycle riders from July 2024, according to the Asahi Shimbun. While automatic emergency braking (AEB) systems are currently only required to preven...
    Hankook unveils new Dynapro XT and Dynapro AT2 Xtreme tires
    South Korean tire manufacturer Hankook announced via press release on 7 October that it had expanded its Dynapro product lineup to include the new Dynapro XT and the next-generation Dynapro AT2 Xtreme. According to the press release, the Dynapro XT, Hankook’s first Rugged Terrain product, ...
    14-Oct-2021 News New Products
    Ford recalls 2011–13 Explorers over rear knuckle assembly manufacturing issue
    According to NHTSA Safety Recall Report 21V-746 submitted on 24 September, automaker Ford Motor Company is recalling certain model year 2011–12 Explorers to address a ZF rear knuckle manufacturing issue. According to the report, vehicles included in this action were originally bu...
    14-Oct-2021 News Recalls
    Alumobility study reveals aluminum top hat can save significant weight compared to steel
    Alumobility’s technical study reveals that use of aluminum in the top hat structure can bring the overall weight down compared to steel, it said in a press release on 11 October. The study disclosed that fewer parts can be used in the construction. Alumobility in a conference for Automotive Cir...
    Audi selects Apollo Vredestein summer tires for A1 Sportback
    Dutch tire manufacturer Apollo Vredestein announced via press release on 10 October that German OEM Audi had selected its latest Ultrac and Sportrac summer tires as OE for the Audi A1 Sportback. According to the press release, the tires chosen by Audi will be supplied in two sizes, 15-i...
    Hyundai Mobis develops foldable steering system
    Hyundai Mobis has developed a next generation foldable steering system that can move back and forth by up to 25cm, it said in a press release on 11 October. The steering system can fold and unfold thereby creating more space within the cabin aligning with flexible future mobility vehicles. To ens...
    12-Oct-2021 News New Products
    Kongsberg Automotive secures five-year contract worth USD37 million with a leading Asian OEM
    Zurich-based Kongsberg Automotive’s ‘couplings business unit’ has won a contract with a leading Asian car and commercial vehicle manufacturer worth EUR32 million (USD37 million) in estimated lifetime revenue, and average annual revenue of USD6.14 million, the company said in a press release on...
    AutoTechInsight Weekly –11 October 2021
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    Hitachi and Hitachi Astemo jointly develop in-wheel EV direct-drive system
    Japanese companies Hitachi and Hitachi Astemo announced via press release on 1 October that they had jointly developed a compact lightweight direct-drive system for the increasingly popular electric vehicle (EV) segment. According to the press release, the direct-drive system combines the motor, ...
    11-Oct-2021 News New Products
    Quality certification restored for Akebono's Iwatsuki and Sanyo manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via a press release on 1 October that the IATF 16949 certification had been restored for its Iwatsuki and Sanyo brake product manufacturing subsidiaries. According to the company’s press release, the quality management certification...
    Yokohama Rubber and Zenrin begin practical testing of tire sensor on inner surface
    According to an official press release dated 6 September, Yokohama Rubber has begun practical testing of a tire sensor attached to the inner surface of the tire. Testing is being carried out on a national scale in collaboration with Zenrin, using test vehicles outfitted with sensor-attached tires. ...
    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    Magna announces termination of merger agreement with Veoneer
    Magna International Inc. today announced that the board of directors of Veoneer, Inc. has determined that the previously announced proposal by Qualcomm Incorporated to acquire Veoneer for USD37 per share is a superior proposal under the terms of the previously announced merger agreement between Magn...
    AutoTechInsight Weekly – 4 October 2021
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    Kia selects low-noise Kumho K-silent tires for new EV6
    Korean tire manufacturer Kumho Tyres announced via press release on 9 September that its low-noise all-season CRUGEN HP71 and high-performance ECSTA PS71 tires had been selected by Korean OEM Kia for its EV6 battery-electric vehicle. According to the press release, the two selected tires exh...
    Continental restructures business verticals, calls it market-oriented realignment
    German automotive component manufacturer Continental AG announced on 30 September that its Supervisory Board has approved the Group’s restructuring with a focus on market developments and customer requirements. “The Executive Board decided on the organizational changes in September 2021 in vi...
    Renesas launches highly accurate, cost-effective pressure sensing solution for automotive applications
    Renesas Electronics Corporation announced the RAA2S425x family of ICs for automotive pressure sensing systems in an official press release dated 28 September. The new devices provide highly accurate amplification and sensor-specific signal correction in xEV/EV/FCEV pressure sensing braking, transmis...
    29-Sep-2021 News New Products
    Toshiba begins shipments of Pre-Driver IC for automotive brushless motors supporting functional safety
    Toshiba has begun shipping test samples of the "TB9083FTG," a pre-driver IC for automotive applications such as brushless motors for electric power steering systems and electric brakes, according to an official press release dated 27 September. Toshiba will ship final samples in January 2022, and ma...
    Volkswagen Australia recalls MY 2021 Passat models due to brake assembly issue
    According to the Australian Department of Infrastructure, Transport, Regional Development and Communications Recall report REC-004962 published on 23 September, automaker Volkswagen Australia is recalling 95 model year (MY) 2021 Passats to address a brake booster issue. According to the report, t...
    29-Sep-2021 News Recalls
    Surface Transforms launches new ceramic brake disc for McLaren 765LT
    British brake disc manufacturer Surface Transforms announced via press release on 23 September that it had launched a new carbon-ceramic brake disc kit for the McLaren 765LT supercar. According to the press release, the kit uses proprietary next-generation carbon-ceramic material known as CC...
    28-Sep-2021 News New Products
    VW America recalls MY 2021 Audi E-TRON models over Continental brake booster issue
    According to NHTSA Safety Recall Report 21V-707 submitted on 13 September, automaker Volkswagen Group of America is recalling certain model year (MY) 2020–21 Audi E-TRON Quattros to address a Continental electric brake booster manufacturing issue. According to the report, the manufacturing...
    28-Sep-2021 News Recalls
    Continental to supply OE tires for Porsche Taycan
    German tire manufacturer Continental announced via press release on 24 September that its PremiumContact 6 summer tires, ProContact RX all-season tires and WinterContact TS 860 S winter tires were selected for original equipment application in the Porsche Taycan. According to the press relea...
    AutoTechInsight Weekly – 27 September 2021
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    BMWi to fund LSP GmbH's innovative braking systems project
    German electromechanical systems specialist LSP GmbH announced via its website in August that the German Federal Ministry for Economic Affairs and Energy (BMWi) had agreed to fund its IBS braking systems project with a six-figure sum over a 21-month duration. According to the announcement, the IB...
    27-Sep-2021 News Investments
    Lotus unveils lightweight modular chassis for upcoming EV range
    British automotive company Lotus announced via press release on 21 September an innovative new lightweight chassis technology that will underpin its upcoming family of electric sports cars. According to the press release, the chassis structure, designed using high-strength, high-ductility BD...
    24-Sep-2021 News New Products
    VW and Porsche recall 2020–21 models due to brake booster issue
    According to NHTSA Safety Recall Reports 21V-695 and 21V-697 submitted on 8 September, automakers Volkswagen Group of America and Porsche Cars North America Inc are recalling certain model year 2020–21 vehicle models to address a Bosch electric brake booster manufacturing issue that increases...
    24-Sep-2021 News Recalls
    rFpro develops digital model of Applus IDIADA vehicle testing track
    British vehicle software specialist rFpro announced via press release on 15 September that it had developed a digital twin of the Applus IDIADA proving ground to support the growing use of simulation in vehicle development and testing. According to the release, the engineering grade digital ...
    23-Sep-2021 News New Products
    Yokohama ADVAN Sport V105 selected as OE tire for the new Volkswagen Atlas Cross Sport GT
    Japanese tire company Yokohama Rubber Co Ltd announced via press release on 21 September that it its “ADVAN Sport V105” had been selected by Volkswagen of America as the tire on its Atlas Cross Sport GT Concept, unveiled in July. The GT concept is expected to be outfitted with the 285/35ZR22 106...
    AutoTechInsight Weekly – 20 September 2021
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    IAA Mobility 2021: Michelin showcases new tire concepts and technologies at show
    French tire manufacturer Michelin unveiled its vision for tomorrow’s mobility by showcasing its new tire concepts and technologies aimed at sustainability at the 2021 IAA Mobility Show held in Munich between 7 and 12 September. The first tire that Michelin presented at the show was the Uptis co...
    Continental partners with Security Matters to track natural rubber supply chain
    German tire manufacturer Continental announced via press release on 17 September that it was partnering with Australian-based blockchain technology company Security Matters (SMX) to develop and test a special marker technology for natural rubber. According to the press release, the special marker...
    Linamar sets up eLIN Product Solutions Group to focus on electric vehicles
    Canadian supplier of forged and machined components to the auto industry Linamar Corporation announced on 16 September that it is establishing eLIN Product Solutions Group, which will focus on leveraging business opportunities in electric mobility for its mobility and industrial businesses. The f...
    Bosch reports AEB could reduce one-third of U.S. vehicle crashes
    German engineering and technology company Bosch announced via press release on the 14th September the results of its accident research that indicate that one-third of U.S. vehicle crashes with injuries and fatalities can be mitigated or avoided altogether with the implementation of automatic emergen...
    Indian government clears USD3.54 billion production-linked incentive scheme for auto industry
    The Indian government has on 15 September approved a production-linked incentive (PLI) scheme with an outlay of about USD3.54 billion (INR260 billion) to encourage domestic manufacturing capabilities of the automobile industry with a focus on futuristic technologies involving electric and hydrogen f...
    Toyoda Gosei invests USD40 million to boost manufacturing capacity in the US
    Japan-based supplier, Toyoda Gosei Co., Ltd., has announced that it is expanding the production capacity at TG Missouri Corporation, one of its US production subsidiaries, to further develop its production network in the key North American market. The total investment for this purpose will be approx...
    14-Sep-2021 News Investments
    Continental launches SportContact 7 tires for performance cars
    German automotive parts manufacturer Continental announced via press release on 8 September that it had released the 7th generation of its SportContact tire and that it would be available in the autumn of this year. According to the press release, a total of 42 articles will be available thi...
    14-Sep-2021 News New Products
    Hankook supplies OE tires for the new Porsche Panamera
    South Korean tire manufacturer Hankook announced via press release on 8 September that it will be equipping the latest version of the Porsche Panamera with its new Ultra-Ultra-High-Performance (UUHP) tread. According to the company, the UUHP Ventus S1 evo Z tires went through extensive tests...
    TDK introduces new hall-effect sensors for hybrid and EVs
    Japanese multinational electronics company TDK announced via press release on 9 September that it had expanded its Micronas 3D HAL® sensor portfolio with the new HAR 3900 and HAR 3930 hall-effect sensors. According to the press release, the products enable stray-field compensated position d...
    13-Sep-2021 News New Products
    Veoneer files definitive proxy statement with SEC regarding merger with Magna
    Swedish automotive parts manufacturer announced via press release on 9 September that it had filed a definitive proxy statement with the Securities and Exchange Commission ahead of its October stockholder meeting in which Veoneer stockholders are expected to consider the announced merger agreement w...
    13-Sep-2021 News Mergers
    IAA Mobility 2021: Pirelli unveils new sustainable tires for hybrids and EVs at show
    Italian tire manufacturer Pirelli announced via press release on 9 September that it had equipped nearly one in three electric cars at the 2021 International IAA Mobility Show in Munich with its P Zero and Scorpion tires. According to the press release, the new P Zero tires containing Elect ...
    13-Sep-2021 News New Products
    AutoTechInsight Weekly – 13 September 2021
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    IAA Mobility 2021: Continental unveils new Greenconcept tire
    German automotive parts manufacturer Continental announced in a press release on 6 September that it would be unveiling its Greenconcept sustainable tire at the IAA Mobility this year. According to the company’s press release, roughly 52% of the new Greenconcept tire is made ...
    10-Sep-2021 News New Products
    Quality certification restored for Akebono's Yamagata and Fukushima manufacturing subsidiaries
    Japanese manufacturer of brake products Akebono announced via a press release on 6 September that the IATF 16949 certification had been restored for its Yamagata and Fukushima brake product manufacturing subsidiaries on 27 August and 3 September respectively. According to the company’s press re...
    Ferodo develops new Fuse+ Technology brake pad
    British braking components supplier Ferodo announced on its blog on 3 September that it had developed a new automotive brake pad, Ferodo Fuse+ Technology, that it believes can bridge the gap between automotive braking performance and comfort. According to the company’s blog post, the new Fuse+ ...
    09-Sep-2021 News New Products
    Pirelli CFO Francesco Tanzi to leave company at the end of 2021
    Italian tire manufacturer Pirelli announced on 7 September via a press release that CFO Francesco Tanzi had tendered his resignation and would be leaving the company on 31 December to pursue a new professional experience. Tanzi, EVP at Pirelli, started his career at the company in 1989 as a ...
    Surface Transforms switches manufacturing strategy to a plant-wide single production line
    British carbon-fiber-reinforced-ceramic brake discs manufacturer Surface Transforms announced via a press release on 2 September 2021 that it was changing its manufacturing strategy from building separate production cells to building a plant-wide “single production line”. The announcement follow...
    Schaeffler and Mobileye to co-develop self-driving vehicles
    According to official press release dated 6 September, Schaeffler and Mobileye have agreed on a long-term cooperation. "Rapid regulatory and technological change, increasing urbanization and growing social awareness of mobility are increasing the need for alternative, novel concepts such as autonomo...
    AutoTechInsight Weekly – 06 September 2021
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    Continental's sensIC project integrates printed electronics into rubber
    German automotive parts manufacturer Continental announced on 2 September that it had initiated research project sensIC at the Center for Functional Printing Technologies in Freiburg, Germany, toward integrating rubber components with sensor technology. According to the company’s press rel...
    06-Sep-2021 News New Products
    Bosch Chassis Systems expert Liming Chen joins AI chip startup Horizon Robotics
    Horizon Robotics, a Beijing-based domestic chip supplier, announced on 1 September that it had appointed Liming Chen, formerly head of the Bosch Chassis Control System R&D Center, as president of the company. According to iNews, the founder and CEO of Horizon Robotics, Kai...
    Surface Transforms wins USD28 million carbon ceramic brake disc supply contract with major US auto OEM
    Surface Transforms, UK manufacturer of carbon ceramic brake discs, announced on 17 August that it had been formally notified of its selection as a tier-1 supplier of carbon ceramic brake discs to a major mainstream US automotive OEM. According to the company’s press release, the ...
    Mercedes-Benz, SSAB collaborate on CO2-free steel for prototype body shell parts
    Mercedes-Benz has launched a partnership with the Swedish steel manufacturer SSAB for carbon dioxide (CO2)-free steel. According to a press release issued by Mercedes-Benz on 1 September, the company stated that the first prototype parts for body shells made of CO2-free steel are being planned for n...
    02-Sep-2021 News New Products
    Subaru recalls select MY 2021 Impreza models over issues in chassis components
    Subaru of America has announced a safety recall on 802 model year (MY) 2021 Subaru Impreza vehicles, it said in a press release on 1 September. The automaker said that the affected vehicles could be equipped with a left front lower control arm with an improper weld near a connection joint between th...
    02-Sep-2021 News Recalls
    ZF develops chassis components with innovative sensor module
    ZF announced in an official press release dated 31 August that it is using powerful sensors and clever algorithms in its chassis technology and sensor technology. ZF is already working on the software required for this advanced data analysis. For example, the sensor captures where there are road ...
    02-Sep-2021 News New Products
    AutoTechInsight Weekly – 30 August 2021
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    Indian auto component supplier Sona Comstar to invest USD82 million on capex
    Indian auto component manufacturer Sona BLW Precision Forgings (Sona Comstar) has earmarked a capex of around INR6 billion (USD82 million) for the ongoing financial year (FY 2021–22) as the company is upbeat about sustaining growth, ET Auto reported on 30 August. "A large share of this capex wi...
    30-Aug-2021 News Investments
    Eaton unveils portfolio of differentials for electrified vehicles
    Power management firm, Eaton, has announced a new portfolio of specialized differentials for electrified vehicle manufacturers. According to a press release issued by Eaton on 25 August, the company stated that its Traction Control family of differentials can provide improved traction in adverse con...
    30-Aug-2021 News New Products
    Ford equips Bronco SUV with high-performance off-road stability suspension (HOSS) systems
    American carmaker Ford has equipped its new Bronco models with its High-Performance Off-Road Stability Suspension (HOSS) system. According to a press release issued by Ford on 20 August, this system features independent front suspension, taller coil springs on every corner for added articulation and...
    30-Aug-2021 News New Products
    Benteler to showcase multiple innovations at IAA Mobility 2021
    German automotive components supplier, Benteler, has announced that it will present multiple innovations at the upcoming IAA Mobility 2021 event, which will be held in Munich, Germany, in September. According to a press release issued by Benteler on 25 August, the company will display its Benteler E...
    27-Aug-2021 News New Products
    Suppliers to the new Hyundai Tucson
    The fourth-generation 2021 Hyundai Tucson is assembled at Hyundai’s facility in Ostrava, Czech Republic. Output of the new version of the compact crossover SUV is expected to peak at more than 184,000 units in 2022, according to IHS Markit. If you would like your company included in this fe...
    Indian government to launch PLI scheme soon, plans to allocate USD7.7 billion to auto sector
    The Indian government, which has been pushing for growing localization of automotive parts and reducing import dependency for the industry, is in the final stages of announcing a big-ticket production-linked incentive or PLI scheme, The Economic Times reported on 27 August, citing a cabinet minister...
    Schaeffler to unveil Space Drive 3 Add-ON drive-by-wire system for autonomous vehicles at IAA Mobility 2021
    German automotive components and systems manufacturer, Schaeffler, will unveil its Space Drive 3 Add-ON system at the upcoming IAA Mobility 2021 event in Munich next month. According to a press release issued by Schaeffler on 24 August, this is the third generation of the company’s Space Drive dri...
    26-Aug-2021 News New Products
    Goodyear Ventures invests in EV charging startup AmpUp
    American automotive tire supplier, Goodyear, has announced that its venture capital arm, Goodyear Ventures, has added AmpUp, a California-based EV charging and software solutions startup, to its investment portfolio. According to a press release issued by Goodyear on 16 August, AmpUp has operations ...
    26-Aug-2021 News Investments
    REE Automotive receives USD17 million funding from the UK Government
    REE Automotive Ltd. announced that its REEcorner™ technology was awarded USD17 million funding from the UK government as part of a USD57 million investment, coordinated through the Advanced Propulsion Centre (APC). According to a press release issued by REE Auto on 19 August, the company stated...
    26-Aug-2021 News Investments
    Benteler signs agreement to sell two automotive plants to Fidelium Partners
    Germany-based automotive components supplier, Benteler, has announced that it has signed an agreement with Fidelium Partners to sell two of its automotive plants located in Tønder, Denmark and Louviers, France. According to a press release issued by Benteler on 23 August, the company stated that...
    Mercedes-Benz introduces updated S-Class Guard with all-wheel drive
    Germany-based luxury car maker Mercedes-Benz has introduced the revised version of its S-Class Guard, the special protection version of the S-Class. According to a press release issued by Mercedes-Benz on 6 August, the new S 680 Guard 4MATIC comes with the VPAM VR10 protection class. ...
    24-Aug-2021 News New Products
    AutoTechInsight Weekly – 23 August 2021
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    Yokohama reports 27.7% y/y rise in H1 2021 sales revenue at USD2.75 billion
    Yokohama Rubber has reported a 27.7% year-on-year (y/y) increase in half year sales revenue at JPY303.8 billion (USD2.75 billion), according to the company’s official filing on 11 August. Interim profit attributable to owners of parent surged to JPY36.93 billion compared to JPY1.26 billion in the ...
    Nexteer’s H1 2021 revenue rises 43.3% y/y to USD1.73 billion
    Nexteer Automotive has reported a 43.3% year-on-year (y/y) rise in its revenue for the first half of fiscal 2021 at USD1.73 billion, according to a company filing on 17 August. Net profit for the six months ended 30 June 2021 was USD83.1 million, compared to USD1.3 million last year. The low ba...
    Suppliers to the new Lincoln Aviator
    The second-generation Lincoln Aviator is assembled at Ford’s facility in Chicago SHO, United States. Output of the new mid-sized luxury SUV is expected to peak at more than 2,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car ...
    Nexteer appoints Robin Milavec as president, announces other leadership changes
    Automotive steering components and motion control systems supplier, Nexteer Automotive, has announced that it has appointed Robin Milavec as President in addition to his current role as the company’s global CTO, chief strategy officer and executive board director. According to a press rele...
    AutoTechInsight Weekly – 16 August 2021
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    Continental develops EcoContact 6 tires with reduced rolling resistance
    German automotive components and systems supplier, Continental, has developed a new tire with reduced rolling resistance. According to a press release issued by Continental on 12 August, the company’s EcoContact 6 summer tire, which was designed for Ford, has surpassed the EU Tire Label’s “Cla...
    16-Aug-2021 News New Products
    Bridgestone to supply OE tire fitment for Fisker Ocean electric SUV
    Automotive tire manufacturer, Bridgestone, has announced that it has been selected as the exclusive tire supplier by Fisker for its upcoming new pure-electric SUV, the Fisker Ocean. According to a joint press release issued by Bridgestone and Fisker on 4 August, the companies stated that the new veh...
    Nexteer expands capabilities of its electric power steering systems for EVs
    Global steering and driveline component supplier, Nexteer Automotive has expanded the output capabilities of its pinion electric power steering (EPS) systems to meet the requirements of heavier electric vehicles (EVs) positioned across segment B, C, and D, the company said in a press release on 11 A...
    12-Aug-2021 News New Products
    General Motors previews four-wheel steering system on Silverado electric pickup
    US vehicle manufacturer, General Motors has previewed a four-wheel steering system in its upcoming electric pickup positioned under its Chevrolet brand, Silverado, according to a company announcement on 11 August 2021. The company said its four-wheel steering system is a chassis feature that enab...
    12-Aug-2021 News New Products
    Martinrea Q2 2021 sales rises 92.1% y/y to USD705.9 million
    Canada-based automotive lightweight structures and propulsion systems supplier, Martinrea International, has published its financial results for the second quarter of the 2021 fiscal year. According to a press release issued by Martinrea on 10 August, the company stated that it posted a sales figure...
    American Axle & Manufacturing (AAM) Q2 2021 net sales rises 146% y/y to USD1.28 billion
    American Axle & Manufacturing (AAM) has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by AAM on 30 July, the company posted net sales of USD1.28 billion, which implies an increase of over 146% year over year (y/y) from th...
    Illinois Tool Works' (ITW) second quarter 2021 revenue climbs 43.4% y/y to USD3.7 billion
    US-based automotive components supplier, Illinois Tool Works (ITW), has published its financial results for the second quarter of fiscal year (FY) 2021. According to a press release issued by ITW on 30 July, the company has generated revenues of USD3.68 billion during the second quarter 2021 pe...
    Magna Q2 2021 sales increase 110% y/y to USD9.03 billion
    Global automotive supplier, Magna has reported total sales of USD9.03 billion in the second quarter 2021, registering a y/y growth of 110%, the company said in its earnings release on 6 August. According to the company, revenues from body exteriors and structures contributed USD3.65 billion to ...
    Tenneco Q2 2021 revenue rises 73.8% y/y to USD4.58 billion
    US-based automotive components and systems supplier, Tenneco, has announced its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Tenneco on 5 August, the company stated that it generated revenues of USD4.58 billion during the second quarte...
    Goodyear Q2 2021 net sales climbs 85.6% y/y to USD3.98 billion
    US-based tire manufacturer, Goodyear Tire & Rubber Company, has reported its financial results for the second quarter and first half of fiscal year (FY) 2021. According to a press release issued by Goodyear on 6 August, the company posted sales of USD3.98 billion, which represents an increase of...
    AutoTechInsight Weekly – 9 August 2021
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    Continental’s Q2 2021 consolidated sales climb 49.7% y/y to USD11.73 billion
    Germany-based automotive components and systems supplier Continental has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Continental on 5 August, the company posted a consolidated sales figure of EUR9.91 billion (a...
    Hankook Tire Q2 2021 sales rise 32.4% y/y to USD1.58 billion
    South Korean tire manufacturer, Hankook Tire, has published it financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Hankook Tire on 4 August, the company stated that it posted a second quarter 2021 sales figure of KRW1.81 trillion (approximate...
    Kongsberg Automotive Q2 2021 revenue climbs 92.6% y/y to USD350.8 million
    Norwegian automotive components supplier, Kongsberg Automotive, has announced its financial results for the second quarter of fiscal year 2021. According to a press release issued by Kongsberg on 30 July, the company posted revenues of EUR295.9 million (approximately USD350.8 million) during the sec...
    Indian auto component industry reports turnover of USD45.9 billion in FY 2020–21
    Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, announced the findings of its industry performance review for the fiscal year (FY) 2020–21 on 3 August. According to the lobby, Indian auto component indus...
    Trelleborg Q2 2021 net sales increase 22.8% y/y to USD1.01 billion
    Trelleborg has published its financial results for the second quarter of  fiscal year (FY) 2021. According to a press release issued by Trelleborg on 22 July, the Sweden-based components supplier has posted net sales of SEK8.64 billion (approximately USD1.01 billion) during the second quarter 2...
    AutoTechInsight Weekly – 02 August 2021
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    ZF sales rise 43% y/y to USD22.93 billion in H1 2021
    Friedrichshafen-based ZF Group has reported sales of USD23 billion (EUR19.3 billion) in first half 2021, up 43% year on year (y/y) from USD16 billion (EUR13.5 billion) for the corresponding period last year, the company said while disclosing its financial results on 29 July. According to the...
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