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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
    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...
    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...
    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. ...
    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...
    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...
    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...
    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...
    Apollo Tyres gets ISO/IEC 17025 certification from NABL
    Apollo Tyres has been accredited with ISO/IEC 17025 for the wet grip and coast by noise tire tests on the track, according to a company press release on 17 May. The development comes on the heels of Apollo Tyres’s collaboration with Global Automotive Research Centre (GARC) to lead the indigenizati...
    Michelin to produce EV tires in Mexico beginning in 2022
    Michelin plans to start producing tires for electric vehicles (EVs) for brands such as Tesla, BMW, Mercedes-Benz, Porsche, and Land Rover in 2022, reported Mexico Now on 27 April citing Forbes. Michelin plans to begin manufacturing in León Guanajuato site. “In our plans for the next few years ...
    American Axle, REE to jointly develop new electric propulsion system
    American Axle & Manufacturing Inc. (AAM) and REE Automotive have agreed to jointly develop a new electric propulsion system for e-Mobility, according to a company press release. Meanwhile, REE is in the process of merging with 10X Capital Venture Acquisition Corp, to become a publicly listed com...
    Motherson Sumi receives shareholders nod for proposed restructuring
    Motherson Sumi Systems Ltd. (MSSL) said in a regulatory filing on 30 April that the public shareholders (non-promoter) have voted in favor of the proposed restructuring. Upon completion of the proposed reorganization, two growth focused listed companies will emerge: Motherson Sumi Wiring India Ltd. ...
    EV startup REE Auto, Toyota’s Hino Motors sign strategic business alliance agreement
    Hino Motors, a subsidiary of Toyota Motor Corporation, and REE Automotive have signed a strategic business alliance agreement to over “next-generation commercial mobility,” according to a company press release on 27 April. The companies plan to develop hardware prototypes by fiscal year (FY) 202...
    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...
    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...
    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...
    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...
    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...
    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...
    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...
    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...
    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...
    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...
    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...
    Michelin to establish tire recycling facility in Chile
    French multinational tire manufacturer, Michelin, is launching construction on its first tire recycling plant in collaboration with Enviro, a Swedish company that has developed a patented technology to recover carbon black, oil, steel, and gas from end-of-life tires. According to a press release ...
    Goodyear uses new dynamic driving simulator to advance tire development
    The Goodyear Tire & Rubber Company and VI-grade have announced a new DiM250 DYNAMIC Driving Simulator, which will be installed at Goodyear's Innovation Center in Colmar-Berg, Luxembourg to advanced tire development, according to a company press release on 26 January 2021. VI-grade is a provider ...
    Michelin to slash up to 2,300 jobs in France over the next three years
    French tiremaker Michelin plans to cut up to 2,300 jobs in France over three years as part of a new simplification and competitiveness plan in the country, according to a report by Radio France Internationale on 6 January. According to the report, this action would not involve layoffs and plant clos...
    Akebono Brake announces organizational changes
    Japanese automotive braking components and systems supplier, Akebono Brake Industry Co., Ltd., has announced certain organizational and personnel changes that will come into effect on 1 January 2021. According to a press release issued by Akebono Brake on 24 December, the organizational changes will...
    Continental present realigned strategy; aims mid-term organic growth of 5–8%
    Continental presented its realigned strategy as parts of its virtual ‘Capital Market Days 2020,’ held between 8 to 16 December 2020, the company said in a press release. As part of the realigned strategy, the Germany based supplier aims to achieve annual organic growth of around 5 to 8% on avera...
    Michelin to equip all passenger car tires with RFID chip from 2023
    Michelin will equip all its passenger car tires with radio frequency identification (RFID) chips from 2023, according to a company press release on 10 December. “Tires are the car's most important safety feature. It is therefore increasingly important that the right tires are fitted to the car and...
    Continental demonstrates real-time tire tread depth monitoring in SHARE NOW’s EV fleet in Denmark
    Continental has demonstrated tire tread depth monitoring in a pilot with SHARE NOW’s electric vehicles (EV) in Denmark, according to a company press release on 10 December. The pilot was carried out in cooperation with Traffilog. Continental connected information of tire sensors and telemetry d...
    Magna enters platform-sharing agreement with Fisker; to manufacture Ocean EV
    Canadian automotive components and systems manufacturer, Magna International, has announced that it has signed agreements with Fisker Inc. that provide the framework for a platform sharing and manufacturing cooperation for the Fisker Ocean SUV. According to a press release issued by Magna on 15 O...
    Plastic Omnium joins ‘Startup Autobahn’ platform
    Plastic Omnium has joined Stuttgart (Germany)-based innovation platform Startup Autobahn, the company said in a press release on 28 September. Last year, Daimler teamed up with the US-based startup accelerator Plug and Play, the University of Stuttgart, and ARENA2036 to establish Startup Autobahn...
    Continental’s supervisory board approves restructuring plan
    The Supervisory Board of Germany-based automotive parts and systems manufacturer, Continental, has approved the restructuring measures at the locations in Aachen, Karben, and Regensburg, as well as the termination of the joint venture with Osram. According to a press statement issued by Continent...
    thyssenkrupp to restructure automotive business unit
    Germany-based supplier, thyssenkrupp, has announced that it will commence the operational realignment of its automotive system engineering activities beginning from 1 October onward. According to a press release issued by thyssenkrupp on 29 September, the company stated that its System Engineering b...
    Akebono Brake to dissolve subsidiary Akebono Advanced Engineering UK
    Akebono Brake Industry Co., Ltd. has announced its decision to dissolve Akebono Advanced Engineering (UK) Ltd., its consolidated subsidiary, according to a company press release on 17 September. The decision is part of the business restructuring measures including reform of business and production l...
    Continental to expand restructuring program, 30,000 jobs to be affected globally
    German automotive components and systems supplier, Continental, has announced that it is expanding the Transformation 2019–29 structural program it initiated in 2019 with additional measures to cut costs and increase efficiency. According to a press release issued by Continental on 1 September, th...
    Ontario government to invest CAD10 million for ‘Automotive Modernization Program’
    The Ontario government has announced plans to invest CAD10 million (about USD76 million) under its ‘Ontario Automotive Modernization Program (O-AMP),’ according to a press release on the official website of Ontario government on 18 August. The O-AMP plan entails provision of funding for auto par...
    KSM Castings to lay off 400 employees in Germany as part of planned restructuring
    KSM Castings Group GmbH, one of the leading automotive suppliers of lightweight aluminum and magnesium cast components for chassis, transmissions, and engines, has announced that the company will adjust personnel capacities in Germany as part of a planned restructuring, the company said in a pr...
    EIB offers EUR25 million loan to Spanish supplier Zanini to develop ADAS technologies
    The European Investment Bank (EIB) will provide EUR25 million (USD28.5 million) to finance the research, development, and innovation (RDI) investments of Spanish auto parts supplier Zanini, according to a press release on EIB website on 15 July. These funds under will be provided under the Investmen...
    India’s ACMA fears manufacturing disruption due to import clearance delays
    The Indian auto industry body, the Automotive Component Manufacturers Association of India (ACMA) has mentioned that all import consignments coming in from Mainland China are being subjected to complete manual inspection, which is leading to undue delays in customs clearance. In a report filed by...
    Indian antitrust body rules that Schaeffler, SKF, NEI, Tata Steel colluded on bearings prices
    The Competition Commission of India (CCI), which is the antitrust body of India, had begun a probe into the alleged charges of price colluding and fixing in 2017 by four suppliers. According to a report filed by news agency Reuters on 5 June, the CCI has ruled that Schaeffler, SKF, and Tata Steel Lt...
    BMW employs AI to improve paint quality
    German automotive manufacturer BMW has announced that it has found a way to use AI in order to improve the quality and finishing of the paint job on its vehicles. According to a press release issued by BMW on 20 May, the company stated that the content of ultra-fine dust particles in paint line...
    thyssenkrupp speeds up realignment; to retain Automotive Technology business
    Germany-based diversified industrial group thyssenkrupp is continuing to press ahead with the strategic realignment despite the current challenges resulting from the coronavirus disease 2019 (COVID-19) pandemic, according to a company press release on 18 May. As per realignment, the company’s busi...
    USW seeks higher import tariffs on tires from South Korea, Thailand, Taiwan, and Vietnam
    The USW union is seeking higher import tariffs on tires that are being imported from South Korea, Thailand, Taiwan, and Vietnam. According to a report filed by motoring industry publication Tire Business on 13 May, USW has filed both a countervailing duty petition and an antidumping petition...
    Cooper Standard to divest certain operations in India and Europe
    Automotive components manufacturer Cooper Standard has announced its intention to divest some of its operations in the European region and Indian market. According to a press release issued on 8 May, the company, which is based in Michigan, US, stated that it had signed an agreement to divest Indian...
    COVID-19 pandemic: Tenneco amends covenant ratios of senior credit facility, increasing leverage ratio
    Tenneco has agreed to amend the financial covenant ratios of its senior secured credit facility, significantly increasing the maximum leverage ratio while decreasing the minimum interest coverage ratio requirements in the company’s senior credit facility, according to a company press release on 6 ...
    Aisin Seiki to change trade name to Aisin Corporation
    Japan-based auto components and transmission systems supplier, Aisin Seiki, has announced that it will be changing its company trade name and that it will take effect from 1 April 2021. According to a press release issued by the supplier on 30 April, the company has declared that the new trade na...
    Toyo Tire uses materials informatics to optimize rubber material structure
    Toyo Tire Corporation is advancing its processing technology for rubber materials using materials informatics technology, the Japanese company said in a press release on 21 April 2020. The company aims to develop high-performance tires that can meet the requirements of society through advancing t...
    Hankook to use AI for automatic final inspection of tires at plants
    Hankook Tire is using an automatic inspection system based on AI technology and digital sensor to automate tire inspection process, according to a company press release on 9 April 2020. Hankook had collaborated with AI experts in the Department of Industrial and Systems Engineering at the Korea...
    Ricardo partners with Geely for chassis and high-voltage functional safety support
    Ricardo has partnered with Chinese automaker Geely for chassis and high voltage functional safety support, Ricardo announced  in a press release on 16 April. Ricardo’s functional safety teams based in China and the United Kingdom will provide support for key aspects of chassis and new energy ...
    Michelin and Enviro develop new tire recycling technology
    French tire maker Michelin is partnering with Sweden-based Enviro to develop new tire recycling technology, according to a company press release on 15 April. The new recycling technology can be used to recycle used tires into raw materials. Under the partnership, Michelin will deploy Enviro's pyroly...
    Marelli uses blockchain technology to improve supply chain management
    Marelli has introduced the use of blockchain technology to enhance the management of automotive supply chains, the company said in a press release on 14 April. The company has created a distributed peer-to-peer network to connect suppliers’ and carmakers’ plants globally. Marelli Automotive Ligh...
    Toyo Tire and JAOS enter strategic partnership
    Toyo Tire Corporation has signed a strategic partnership agreement with JAOS Corporation, the Japanese tire-maker announced in a press release on 2 April 2020. The two companies have signed a partnership agreement for building a mutually complementary relationship of their strengths, and furthe...
    COVID-19 pandemic: Motor Equipment Manufacturers Association in US seeks government aid
    The trade group for US auto parts makers has asked the government for emergency grants and tariff relief to help combat the adverse economic impact due to the coronavirus disease 2019 (COVID-19) pandemic, Reuters reported on 20 March. The Motor Equipment Manufacturers Association (MEMA) has ...
    20-Mar-2020 News COVID-19
    COVID-19 pandemic: Nokian Tyres enters employee cooperation negotiations on planned temporary layoffs in Finland
    Nokian Tyres has announced that it has entered into negotiations for temporary layoffs in Finland in the light of the coronavirus disease 2019 (COVID-19) outbreak, a company press release on 18 March showed. Nokian cites a decrease in demand in the European car and tire markets as the reason be...
    20-Mar-2020 News COVID-19
    COVID-19 pandemic: Autoliv to adjust production, take cost reduction actions
    Autoliv is proactively taking measures to minimize any consequences for customers and mitigate the impact of the novel coronavirus disease 2019 (COVID-19) pandemic on the company, the Swedish supplier of vehicle safety systems said in a press release on 19 March 2020. In response to this, Autoliv is...
    19-Mar-2020 News COVID-19
    COVID-19 pandemic: Disruption in auto parts import from China to affect vehicle production in India, says industry association
    According to a press statement issued by the Society of Indian Automobile Manufacturers (SIAM) on 11 March, Rajan Wadhera, the president of SIAM, stated that automotive manufacturers in India import roughly 10 percent of the raw materials that are required for manufacturing processes from China. ...
    16-Mar-2020 News COVID-19
    COVID-19 pandemic: China Automotive Systems announces updates on production resumption in China
    Power steering components and systems supplier China Automotive Systems, Inc. has announced that it has resumed operations at its facilities in China. According to a press release from the company dated 10 March, China Automotive Systems has restarted full operations at its manufacturing plants...
    13-Mar-2020 News COVID-19
    COVID-19 outbreak: Brembo warns more restriction in Italy could hit global automotive industry
    Italy put the entirety of Northern Italy under quarantine on 8 March until next month to prevent  the spread of the novel coronavirus disease 2019 (COVID-19) virus. However, the Italian government has allowed people to travel for work, manufacturing plants to continue operating, and for go...
    11-Mar-2020 News COVID-19
    COVID-19 outbreak: Pirelli says business activities remain unaffected
    Following the lockdown imposed over most of Italy by the country’s government, Italian tire manufacturer Pirelli has stated that all of its business activities remain unaffected and will carry on as usual. The Italian automotive market accounts for nearly 6% of the total revenues of the Pirelli...
    10-Mar-2020 News COVID-19
    COVID-19 outbreak: Geneva International Motor Show is cancelled
    The 90th edition of the Geneva International Motor Show (GIMS), which was scheduled to be held from 5–15 March 2020 at Geneva, Switzerland, has been canceled due to confirmed cases of coronavirus (COVID-19) in Switzerland. In a press release issued on 28 February, the organizers of the eve...
    02-Mar-2020 News COVID-19
    Pirelli inaugurates new tire development simulator in Milan
    Pirelli has inaugurated a new tire development simulator at the company’s research and development (R&D) division in Milan, Italy, the tire-maker announced in a press release on 12 February 2020. The company claims that its new simulator will help reduce tire development time as well as the nu...
    Nissin Kogyo raises equity stake in two JVs to 74%
    Nissin Kogyo has completed the share purchase of 74% in two joint ventures (JV). According to a press release on 31 January, Nissin Kogyo will hold 74% of Veoneer-Nissin Brake Systems Japan Co Ltd. (VNBJ) and Veoneer Nissin Brake Systems (Zhongshan) Co Ltd. (VNBZ) shares respectively, and ...
    Tenneco continues to look for strategic alternatives of powertrain technology, DRiV business units
    Tenneco has been reviewing strategic alternatives for its Powertrain Technology and Aftermarket and Ride Performance (DRiV) business units to maximize shareholder value, the US-based automotive supplier reconfirmed in a press release on 27 January. In addition to its current plan to spin off the DRi...
    Sumitomo Rubber sets up rubber procurement company in Singapore
    Sumitomo Rubber Industries, Ltd. (SRI) has established a natural rubber procurement subsidiary ‘Sumitomo Rubber Singapore Pte. Ltd.’ in Singapore, the company said in a press release on 14 January. The subsidiary, scheduled to begin operations in April this year, will take over these procurement...
    AMES Group receives EIB funding for expansion in Spain, Hungary
    AMES Group has received EUR20 million in funding from European Investment Bank (EIB) to expand the production capacity of its plants in Spain and Hungary, EIB announced in a press release on 13 January. The EIB support will help AMES expand production capacity at its Spanish plants in Barcelona, Mon...
    Bosch plans to cut over two thousand jobs in India due to weak auto sales
    German supplier Bosch will cut “a couple of thousand” jobs in India, according to Soumitra Bhattacharya, the managing director of Bosch. In a report filed by Bloomberg, he said that the job cuts would take place over a 4-year period. He also went on to say that IC-engine vehicles and electric...
    Minda Industries, Sensata Technology team up to make wheel speed sensors
    Minda Industries, a flagship company of the Uno Minda Group, has teamed up with Sensata Technology Baoying to make wheel speed sensors, according to a regulatory filing by Minda Industries on 23 December. Minda has purchased certain machinery from Sensata. The company will also leverage technical kn...
    AAM completes sale of US iron casting operations ‘Grede’ to Gamut Capital Management
    In a press release issued dated September 18th, American Axle & Manufacturing Holdings, Inc. announced that it has agreed to sell Grede, its US iron casting operations division, to New York-based private equity firm Gamut Capital Management. The Detroit-based AAM Holdings stated that the...
    Marelli joins Plug and Play startup innovation platform
    Marelli has joined the start-up innovation platform Plug and Play to strengthen its connections with selected start-ups, the  company announced in a press release on 16 December. The partnership will enable the company to accelerate its innovation capabilities for future mobility technologies a...
    Constellium’s Singen plant in Germany receives ‘Chain of Custody’ certification by ASI
    According to a press release issued by the company on 11 December, Dutch aluminium product firm Constellium has announced that the ‘Chain of Custody’ certification was granted by the Aluminium Stewardship Initiative (ASI) for its aluminium rolling and casting operations at the company’s facili...
    Toyo Tire sells 50% holdings in Bridgestone Corporation
    Japanese tire maker Toyo Tire has announced the sale of half of its stock holdings in Bridgestone Corporation, in a press statement released on November 28th. The company will be doing a normal sale of 1,946,602 Bridgestone shares on the Tokyo Stock exchange, and this represents 50% of the total num...
    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...
    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...
    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...
    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...
    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...
    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...
    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...
    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...
    Iochpe Maxion opens new mobility innovation office in Germany
    Iochpe-Maxion, a supplier of automotive wheels and structural components, has opened a new mobility innovation office in Berlin, Germany, according to a press release last month. The new ‘Maxion Advanced Technologies’ operating as a stand-alone organization will solely “focus on the long-term ...
    Schaeffler develops stacked bipolar plates for fuel cells
    Schaeffler has developed stacked metallic bipolar plates for fuel cells and fuel cell stacks, the company announced in a press release on 15 October. Schaeffler will be showcasing its solutions for fuel cells at the 2019 Tokyo Motor Show in Japan. The company will also showcase its electric motors i...
    Tokyo Motor Show 2019: Toyoda Gosei to display new front grille module, steering wheel module, airbag system
    Toyoda Gosei will display its new front grille module, steering wheel module, airbag system integrating sensors, and other electronic components at the 2019 Tokyo Motor Show, which will be held from 23 October to 4 November in Japan. The company will showcase its connectivity, autonomous driving, sh...
    Goodyear expands tyre performance evaluation operations at Texas facility
    The Goodyear Tire & Rubber Company has commenced two new expansion projects at their San Angelo tire testing facility in Texas, USA. This facility was established in 1944 and is now entering its 75th year of testing tires. Significance: At the San Angelo facility, Goodyear has added an additi...
    Mitsubishi Electric to establish new plant in India
    Japanese firm Mitsubishi Electric made an announcement today that the company will commence construction of a new facility in the state of Gujarat, India. The plant will be based within the premises of the company’s subsidiary, Mitsubishi Electric Automotive India Pvt Ltd. (MEAI). Signific...
    Chassix officially changes name to Aludyne
    American components supplier and lightweighting solutions expert, Chassix, has formally announced the changing of their brand name. The company will now operate under the name ‘Aludyne’. Aludyne has been in the business of manufacturing aluminium and cast iron components for automotive applicati...
    Marelli sets up external Advisory Expert Board
    Marelli has established an external Advisory Board for Magneti Marelli CK Holdings Co Ltd, a holding company of Marelli from 1 October to provide ongoing strategic advice to the Marelli Board, the company said in a press release on 1 October. The Advisory Board will consist of global market exp...
    BWI Group inaugurates new production facility in Indiana, US
    Automotive components manufacturer, BWI Group, has opened its second production facility in North America, and its first in the United States. The plant is located in the city of Greenfield, Indiana. Significance: The new plant has been designed to be a full-service facility and the company will ...
    Michelin to close Bamberg passenger car tire plant in Germany by early 2021
    French tire maker Michelin has announced the closure of their production facility in Bamberg, Germany, in the early months of 2021. The plant, which employs 858 individuals, has been in operation since 1971. Significance: The factory in Bamberg primarily produced 16-inch tires for use on passenge...
    Mando opens a new R&D centre in Germany
    South Korean automotive components maker Mando has inaugurated its newest R&D center in the German city of Frankfurt. The company's existing R&D center in Frankfurt has been operational since 2010. Significance: The new R&D center of Mando adds another 12,000 square meters o...
    Continental announces ‘Transformation 2019–2029’ restructuring program to enhance long-term competitiveness
    Continental has announced a long-term restructuring program that will continue for the next 10 years and result in closure of several manufacturing plants and loss of up to 20,000 jobs globally, including 7,000 in Germany, the company said in a press release 25 September. The program, called ...
    JTEKT partners with Plug and Play to strengthen relationships with start-ups
    Japanese components firm JTEKT and the California-based venture capital company, Plug and Play LLC, have signed a partnership agreement with the intention of nurturing and strengthening relations with start-ups. Significance: In light of the emergence of more sophisticated manufacturing processes...
    ZF places stake in Haldex with institutional investors
    ZF Friedrichshafen has successfully placed 8.9 million shares that it held in Swedish supplier Haldex to institutional investors, the German-based company said in a press release on 20 September. The shares were equivalent to 20% of Haldex’s outstanding share capital. ZF placed Haldex shares at a ...
    Vedanta Aluminium launches ‘Primary Foundry Alloy’ for auto industry
    Vedanta Aluminium has launched ‘Primary Foundry Alloy’ (PFA) for the Indian automotive industry, according to a report by Autocar Professional on 14 September. The company has become the "first primary aluminum producer" to supply the raw material for alloy wheels in the country with the unveili...
    IAA 2019: Brembo presents ‘Dyadema’ aluminum brake caliper
    Brembo will present its new product Dyadema™, the exclusive new brake caliper for supercars, at the IAA 2019, scheduled to begin in Frankfurt, Germany, this week, the company said in a press release on 9 September. Dyadema™ is a monobloc 6-piston aluminum caliper featuring innovative air cooling...
    Schaeffler India opens new corporate headquarters in Pune city
    Schaeffler India Limited has opened a new corporate office in Pune, India, according to a company press release on 3 September. Commenting at the inauguration, Dharmesh Arora, CEO of Schaeffler India said, “This is a significant milestone as we continue our One Schaeffler India journey of lever...
    Nexen Tire opens new plant in Czech Republic
    Nexen Tire has opened a new plant in Zatec, Czech Republic, according to a company press release on 28 August. "The opening of the Europe plant will see an increase in Nexen Tire's efficiency in addition to a faster response to the neighboring automakers. Recognizing the importance of being closer t...
    Linglong Tire, Geely Automobile sign comprehensive strategic cooperation agreement
    Linglong Tire and Geely Automobile have signed a comprehensive strategic cooperation agreement in Ningbo, China, according to a company press release on 27 August 2019. As per the agreement, the two parties will carry out long-term cooperation in product design and development, new technology applic...
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