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    Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
    US-based NVIDIA’s announced agreement to acquire UK-based Arm from SoftBank is a significant development for automotive electronics. Arm brings CPU intellectual property (IP) expertise that has enabled low-powered, embedded solutions, and NVIDIA’s graphics processing unit (GPU) IP expertise has ...
    Mainland China’s mobility service market to drive demand for autonomous driving technology
    Since the first autonomous car competition organized by the US Department of Advanced Research Project Agency (DARPA) in 2004, the United States has been at the center stage of autonomous driving. Alphabet’s Google Self-Driving Car Project, which later became an independent company called Waymo, w...
    14-Aug-2020 Insights Technology Trends Pinned
    Increased electrification to drive demand for newer types of A/C condensers
    Comfort almost always ranks quite high in the list of criteria for customers looking to purchase a new vehicle, and carmakers have always invested significant time, effort, and money in making sure their vehicles’ A/C or climate control systems function as best as possible. In addition to heating ...
    AutoTechInsight Webinar: Strategy & Opportunity in Autonomy
    Watch an on-demand replay now AutoTechInsight Webinar: Strategy & Opportunity in Autonomy Advanced driver assistance systems (ADAS) have taken hold throughout the automotive industry, establishing a paradigm of increased availability and standardization of basic safety features for ma...
    23-Sep-2020 News Webinars
    AutoTechInsight Weekly – 21 September 2020
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    Elmos develops high-precision stepper motor driver for headlight adjustment
    Elmos has developed a high-precision stepper motor driver with the primary application in headlight adjustment, the company announced on 16 September via a press release. Other applications include valves for thermal management, air conditioning flap control, cruise control, or front grill adjustmen...
    17-Sep-2020 News New Products
    Anhui Zhongding Sealing Parts wins USD98 million order for thermal management components
    Chinese supplier Anhui Zhongding Sealing Parts has secured an order worth CNY664 million (approximately USD98 million) from an affiliate of Chinese electric carmaker, Li Auto. According to a report filed by China-based news agency Yicai Global on 14 September, Chongqing Lixiang Autos has selected...
    Suppliers to the new Chevrolet Corvette
    The eighth-generation Chevrolet Corvette is assembled at Chevrolet's facility in Bowling Green, United States. According to IHS Markit production forecasts, output of the new generation Chevrolet Corvette from the plant is expected to peak in 2021 at over 34,000 units. If you would like ...
    AutoTechInsight Weekly – 14 September 2020
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    MAHLE opens incubator space for new startups in Germany
    Automotive components and systems supplier, MAHLE, has established a new incubator for startup companies. In a press statement issued by MAHLE on 9 September, the company announced that its new incubator would be used for its corporate startups and teams developing novel business concepts. The ne...
    Wipro secures multiyear automotive engineering services contract from Marelli
    Wipro has secured a multiyear automotive engineering services contract from MARELLI, a company press release read on 8 September. Wipro will utilize the EngineeringNXT framework to establish a software engineering factory for MARELLI and improve its operational efficiency and develop technologies on...
    New MAHLE smart AC to lower fine particulates within passenger cabin
    Germany-based automotive components and systems supplier, MAHLE, has introduced a new smart air conditioning system that reduces the level of fine particulate matter in the passenger cabin of vehicles. According to a press release issued by MAHLE on 4 September, the company’s new system integrates...
    08-Sep-2020 News New Products
    JOINT VENTURE: MARELLI and Highly International establish new JV for HVAC solutions in Hong Kong
    Japanese supplier of automotive components and systems, MARELLI, has announced that it has set up a new joint venture with Highly International (Hong Kong) Limited. According to a press release issued by MARELLI on 7 September, the new JV will be called Highly Marelli Holdings Co. Ltd., and will be ...
    AutoTechInsight Weekly – 7 September 2020
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    VDA survery reveals most suppliers expect to return to pre-crisis levels starting in 2022
    Most auto parts suppliers in Germany expect to return to pre-crisis level starting in 2022, according to the findings of a survey of automotive suppliers by the German Association of the Automotive Industry, published on 25 August. “The political measures to support businesses are indeed taking ef...
    02-Sep-2020 News COVID-19
    AutoTechInsight Weekly – 31 August 2020
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    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...
    UFI Filters launches new cabin air filter in India
    Italy-based UFI Filters, a filtration technology and thermal management supplier, has announced the launch of a new cabin air filter for the Indian market. According to a report filed by motoring publication Autocar Professional on 26 August, UFI Filters has launched the SOFIMA D+FEND cabin air filt...
    28-Aug-2020 News New Products
    Volvo to equip 2021 lineup with Advanced Air Cleaner technology
    Sweden-based luxury carmaker Volvo has announced a more advanced cabin air filtration technology that will be equipped in the manufacturer’s 2021 product portfolio, with the exception of the XC40 compact crossover. In a press release issued by Volvo on 25 August, the company stated that the Adv...
    26-Aug-2020 News New Products
    Mercedes-Benz recalls 4,227 A-Class in Australia over issue with air conditioning system
    Mercedes-Benz has issued a recall of 4,227 vehicles in Australia over an issue with air conditioning (AC) system, according to a recall notice on the Australian Competition and Commission (ACCC) website on 19 August. The recall affects certain model year (MY) 2018–19 Mercedes-Benz A Class passenge...
    25-Aug-2020 News Recalls
    AutoTechInsight Weekly – 24 August 2020
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    Indian auto component industry’s turnover in FY 2019/20 declines 11.7% y/y to USD49.2 billion
    The turnover of the Indian auto component industry declined 11.7% year-over-year (y/y) to INR 3.49 trillion (USD49.2 billion) in financial year ended 31 March 2020, according to a press release by the Automotive Components Manufacturers Association of India (ACMA) on 19 August. According to the asso...
    AutoTechInsight Webinar: The Future of User Interface and User Experience & SID Display Week Review
    Watch an on-demand replay now AutoTechInsight Webinar: The Future of User Interface and User Experience & SID Display Week Review As OEMs continue to look for more ways to differentiate their brands from their competitors, the interior of the vehicle has become a main area of rese...
    19-Aug-2020 News Webinars
    Sanhua Intelligent Controls to supply thermal management parts for Evergrande’s new energy vehicles in mainland China
    Chinese parts supplier, Sanhua Intelligent Controls, will become the exclusive provider of certain thermal management components to the Evergrande New Energy Automotive Group’s new energy vehicles (NEV). According to a report filed by news agency Yicai Global on 19 August, Zhejiang province-bas...
    Volvo recalls 1,409 vehicles in Australia over issue with cooling system
    Volvo is recalling 1,409 vehicles in Australia over an issue with cooling system, according to a recall notice on the ACCC website on 16 August. The recall affects certain model year (MY) 2014–17 Volvo S60, V60, XC60, V40, and V40CC vehicles equipped with a 4-cylinder diesel engine. Signif...
    18-Aug-2020 News Recalls
    AutoTechInsight Weekly – 17 August 2020
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    Impact of 48V technology on automotive thermal management systems
    One of the most significant developments in recent times in the automotive field is the emergence of 48V electrical architecture. Steadily increasing levels of electrification in vehicles, from the introduction of electric power steering to large infotainment system displays, are placing heavie...
    Suppliers to the new Opel/Vauxhall Grandland X
    The first-generation Opel/Vauxhall Grandland X is assembled at Opel's facility in Eisenach, Germany. According to IHS Markit production forecasts, output of the new generation Opel/Vauxhall Grandland X from the plant is expected to peak in 2021 at over 86,000 units. If you would like you...
    Martinrea Q2 2020 slides 51.4% y/y to USD345.54 million
    Martinrea has reported a fall of 51.4% year on year (y/y) in its revenues to CAD460.5 million (USD345.54 million) for the second quarter ended 30 June 2020, according to a company press release on 10 August. Net loss for the period was CAD146.8 million, compared with net income of CAD28.1 million. T...
    Rheinmetall’s Q2 2020 sales drop 15.8% y/y to USD1.39 billion
    Rheinmetall has posted a 15.8% year-on-year (y/y) decline in second quarter sales at EUR1.24 billion (USD1.39 billion). Operating result came in at EUR36 million compared with EUR110 million last year. Operating margin shrunk to 2.9% from 7.4%. For the first half, Rheinmetall’s sales fell ...
    JOINT VENTURE: Continental, aft automotive partner to produce couplings made of high-performance plastics
    Germany-based automotive components and systems supplier, Continental, has announced that it is setting up a 50:50 joint venture (JV) with system supplier, aft automotive, to manufacture couplings made using high-performance plastics. According to a press release issued by Continental dated 10 Au...
    AutoTechInsight Weekly – 10 August 2020
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    Cooper Standard Q2 2020 sales fall 55.5% y/y to USD340.47 million
    Cooper Standard’s net sales declined 55.5% year on year (y/y) to USD340.5 million in the second quarter ended 30 June 2020, the US-based automotive supplier said in a press release on 4 August. The company reported a net loss of USD134.2 million, compared with a net income of USD145.2 million in t...
    PLANT CLOSURE: MANN+HUMMEL ends production at automotive filters plant in Ludwigsburg, Germany
    MANN+HUMMEL Group has decided to end production at its filters plant in Ludwigsburg, Germany, the company said in a press release on 30 July 2020. The Ludwigsburg plant produces fuel, oil, and air filter systems for automotive OE. The company said that its Ludwigsburg plant will no longer accept any...
    Thomas A. Burke steps down as Modine’s president and CEO
    Thomas A. Burke has stepped down as president and CEO and as a member of Modine's Board of Directors, effective immediately, the company said in a press release on 4 August. Modine Manufacturing is a diversified global leader in thermal management technology and solutions. The company has launche...
    Gentherm’s Q2 2020 revenue slides 44.1% y/y to USD136.1 million
    US-based thermal management technology supplier, Gentherm, has announced its financial results for the second quarter of this year. In a press release from Gentherm dated 4 August, the company stated that it registered a revenue of USD136.1 million during the second quarter 2020 period, which i...
    Modine’s Q1 2020 net sales decreases 34% y/y to USD347.8 million
    American thermal management technology and solutions provider, Modine, has announced its financial results for the quarter ended 30 June, 2020. According to a press statement issued by Modine on 4 August, the company posted a net sales of USD347.8 million during the first quarter of this y...
    MAHLE introduces new condenser for hybrid and electric vehicles
    Automotive components and systems supplier, MAHLE, has introduced a new condenser for hybrid and electric vehicles (EVs) in order to ensure thermal efficiency during the charging process. In a press release issued by MAHLE on 30 July, the company stated that this condenser helps in expediting tracti...
    04-Aug-2020 News New Products
    Toyota Industries Q1 net sales down 21.8% y/y to USD4.01 billion
    Toyota Industries has reported a 21.8% year-on-year (y/y) decline in net sales to JPY430.8 billion (USD4.01 billion) for the first quarter ended 30 June 2020, according to a company press release on 31 July. The operating loss for the quarter was JPY6.5 billion compared with an operating profit of J...
    Lear, Gentherm jointly develop INTU Thermal Comfort Seating with ClimateSense technology
    Seating and e-systems supplier, Lear, has announced its collaboration with American thermal management firm, Gentherm, to jointly develop its latest intelligent seating solution, the INTU™ Thermal Comfort with ClimateSense™ technology. According to a press release from Gentherm dated 3 August, t...
    04-Aug-2020 News New Products
    AutoTechInsight Weekly – 3 August 2020
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    Mann+Hummel establishes Performance Office, takes steps for profitability improvement
    Germany-based automotive components supplier, Mann+Hummel, has announced that it has taken measures in order to improve the Group’s profitability in the face of falling demand across the globe. According to a press statement issued by Mann+Hummel on 24 July, a Performance Office has been set up, a...
    Autoneum’s revenue falls 36.8% y/y to USD770.1 million in H1 2020
    Autoneum has reported a fall of 36.8% year-on-year (y/y) in its revenue to CHF730.6 million (USD770.1 million) during the first half ended 30 June 2020, according to a company press release on 28 July. Autoneum’s net loss widened to CHF54.9 million during the January to June period this year, as c...
    Mercedes-Benz recalls 3,615 vehicles in US over issue with AC drain hose
    Mercedes-Benz has issued a recall of nearly 3,615 vehicles in the United States over issue with the air conditioning (AC) condensation drain hose, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website on 17 July. The recall covers certain model year ...
    28-Jul-2020 News Recalls
    Sogefi’s H1 2020 revenue slides 33.2% y/y to USD610 million
    Italian automotive components supplier, Sogefi, has announced its financial results for the first half of this year. According to a press release issued by Sogefi on 27 July, the company posted a revenue of EUR519.5 million (approximately USD610 million) during the first half of this year, whic...
    Hyundai Group develops new AC technologies to improve cabin air quality
    South Korean automotive OEM, the Hyundai Group, has announced new air-conditioning technologies in order to improve the air quality in the passenger cabins of vehicles. According to a press release issued by Hyundai on 27 July, the company has unveiled three new air-conditioning technologies called&...
    28-Jul-2020 News New Products
    AutoTechInsight Weekly – 27 July 2020
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    AutoTechInsight Webinar: E-Mobility Technology Perspectives for the Decade Ahead
    Watch an on-demand replay now Despite existing and immediate pressures generated by the COVID-19 crisis, the automotive industry direction of travel towards increasingly electrified propulsion remains intact. Challenges imposed by air quality legislation and CO2 requirements remain, whilst invest...
    24-Jul-2020 News Webinars
    Valeo H1 2020 sales declines 27.8% y/y to USD7.92 billion
    French automotive components supplier Valeo has announced its financial results for the first half of this year. According to a press statement issued by Valeo on 21 July, the company posted sales of EUR7.06 billion (USD8.1 billion) (approximately USD7.92 billion) during the first half of 2020, whic...
    AutoTechInsight Weekly – 20 July 2020
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    Suppliers to the new Audi Q3 Sportback
    The first-generation Audi Q3 Sportback is assembled at Audi's facility in Gyor, Hungary. According to IHS Markit production forecasts, output of the new generation Audi Q3 Sportback from the plant is expected to peak in 2021 at over 35,000 units. If you would like your company included i...
    Combi cabin air filters to gain larger foothold in the global market
    One of the most important criteria when purchasing a new car is passenger comfort. Carmakers heavily invest in making their vehicles as comfortable as possible, and the A/C or climate control unit has been a focus area for advancement for a very long time. The pollution we face on our daily commutes...
    AutoTechInsight Weekly – 13 July 2020
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    Renesas unveils pressure sensor solution for EV HVAC systems
    Renesas Electronics has unveiled a new automotive pressure sensor solution ‘ZSSC4132’, the Japan-based supplier of advanced semiconductor solutions said in a press release on 9 July. The solution is ideal for HVAC applications used in plug-in hybrid electric vehicle (PHEV), battery electric...
    10-Jul-2020 News New Products
    Delphi gets automotive power electronics order from three mainland Chinese OEMs
    Delphi Technologies has secured new power electronics business orders in the second quarter of 2020 with three Chinese OEMs, the company said in a press release on 8 July. The new business is scheduled to launch between 2021–23. Two wins are for Delphi Technologies’ inverter and converter c...
    Anhui Zhongding Sealing Parts to supply heat management system to Geely’s NEVs in Mainland China
    Sealing technologies and rubber components supplier, Anhui Zhongding Sealing Parts, will be supplying the heat management systems for the new energy vehicle (NEV) powertrains of Mainland Chinese carmaker, Geely. According to a report filed by Mainland China-based new agency Yicai Global on 7 July...
    COVID-19 pandemic: Auto parts supplier Compa temporarily reducing operations in Romania
    Romanian automotive components manufacturer Compa S.A. Sibiu is temporarily reducing operations in the country for two months due to the difficult economic context caused by the COVID-19 pandemic, according to a company statement filed with the Bucharest Stock Exchange (BSE) 1 July. The op...
    07-Jul-2020 News COVID-19
    AutoTechInsight Weekly – 06 July 2020
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    Gentherm, ThermoAnalytics to jointly develop software for human thermal comfort predictions in vehicles
    Thermal management technology supplier Gentherm has announced that it will jointly work with thermal modeling software development firm, ThermoAnalytics Inc., to develop an advanced software to improve human thermal comfort predictions in vehicles. This software, which can accurately predict an indi...
    COVID-19 pandemic: 30 supplier plants in Mexico’s Puebla city resume operations on 29 June
    Auto parts suppliers in Mexico’s Puebla city are preparing to restart operations after receiving permits from local and federal authorities, according to a report by El Economista on 30 June. The general secretary of the Confederation of Mexican Workers (CTM) in Puebla, Leobardo Soto Martínez, co...
    03-Jul-2020 News COVID-19
    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...
    Sanden’s revenue declines 25.2% y/y to USD1.9 billion in FY 2019/20
    Sanden holdings has reported a 25.2% year-on-year (y/y) decline in revenues to JPY204.8 billion (USD1.9 billion) for the fiscal year ended 31 March 2020, according to a company press release on 30 June. The company posted an operating loss of JPY3.4 billion, compared with an operating income of JPY8...
    Automakers, suppliers may avoid compliance penalties under new USMCA trade deal for one year
    Automakers and their suppliers may avoid penalties for violating compliance for up to one year under the new US-Mexico-Canada trade agreement (USMCA), Reuters reported a US Customs and Boarder Protection (CBP) official as saying. The new trade agreement, which replaces the 26-year-old North America ...
    COVID-19 pandemic impact: Autoneum realigns financing sustainably
    Autoneum has realigned its financing sustainably due to the COVID-19 pandemic, the company said in a press release on 30 June. The company said due to the impact of the pandemic on its course of business, Autoneum and a bank consortium have amended the existing long-term credit agreement in the amou...
    Japan and Britain aim to finalize trade deal by end of July
    Japan and Britain are aiming to close a new trade deal by the end of July 2020, and Japan will attempt to secure at least the same tariff levels for automobiles that it has in its existing trade pact with the European Union, said Hiroshi Matsuura, the chief negotiator for trade talks with Britain, a...
    COVID-19 pandemic impact: Japanese supplier Sanden files for debt restructuring with creditors
    Japanese auto supplier Sanden Holdings has filed for debt restructuring with its creditors, according to a press release on 30 June. The company filed applications for the ‘Turnaround ADR Proceedings.’ The filing companies will develop a business revitalization plan through discussions with the ...
    Minda Industries’ FY 2019/20 revenues down 7.5% y/y to USD727.2 million
    Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 7.5% year-on-year (y/y) decrease in revenue from operations to INR54.65 billion (USD727.2 million) for the fiscal year ended 31 March 2020, the company said in a regulatory filing on 29 June. The...
    AutoTechInsight Weekly – 29 June 2020
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    COVID-19 pandemic: Indian supplier industry aims to reduce dependence on mainland Chinese imports
    The Indian auto component industry is working on steps to reduce import dependence on China and focus more on localization, according to a report by Press Trust of India (PTI) citing industry body Automotive Component Manufacturers Association of India (ACMA). The domestic automotive industry is ...
    AutoTechInsight Webinar: New Opportunities in the Connected Car
    Watch an on-demand replay now COVID-19 has disrupted many sectors of the automotive industry, and the connected car domain is no exception. Disruption, however, often results in new opportunities as our AutoTechInsight experts will evaluate how automotive map/navigation suppliers are helping peop...
    25-Jun-2020 News Webinars
    AutoTechInsight Weekly – 22 June 2020
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    COVID-19 pandemic: 40 auto parts suppliers in Puebla, Mexico to resume operations on 22 June
    Auto parts suppliers in Mexico’s Puebla city are preparing to restart operations as restrictions are being lifted, according to a report by Cluster Industrial on 17 June. Gabriel Covarrubias Lomelí, president of Mexico’s National Chamber of the Transformation Industry (Canacintra), recently con...
    22-Jun-2020 News COVID-19
    COVID-19 pandemic: Subros expects Q1 profitability to be impacted
    Subros has said that it expects its profitability to be impacted in the first quarter of fiscal year (FY) 2021 as a result of a decline in turnover on the back of the COVID-19 pandemic, a company press release on 16 June read. However, the impact will be limited owing to the gradual ramp-up ...
    19-Jun-2020 News COVID-19
    Lumax Industries’ FY 2019/20 revenue down 13.5% y/y to USD212.8 million
    Lumax Industries has reported a 13.5% year-on-year (y/y) decline in revenue from operations to INR16 billion (USD212.8 million) for the fiscal year ended 31 March 2020, according to a company regulatory filing on 18 June. Profit before tax for the period was also down by 31.6% y/y to INR917.3 millio...
    Vietnam ratifies trade agreement with EU
    Vietnam ratified a free trade agreement (FTA) with the European Union (EU) on June 8 2020. The ratified FTA will cut or eliminate 99% of tariff on goods traded between the Southeast Asian country and the 27-member bloc, according to a report by Reuters. The European Union Vietnam Free Trade Agreemen...
    Ford offers micronAir proTect filter to reduce transmission of viruses
    Ford has started offering its select vehicle models in Europe with micronAir proTect, an enhanced air filter to reduce transmission of viruses, the automaker said in a press release in early June. The new air filter, developed by the German supplier Freudenberg, uses carbon and a special active...
    18-Jun-2020 News New Products
    COVID-19 pandemic: Latest lockdown in Tamil Nadu, India, could impact operations at some automakers, suppliers
    Tamil Nadu has announced an intense lockdown in Chennai and three neighboring districts Kanchipuram, Chengalpattu, and Tiruvallur for 12 days starting 19 June to curb the sharp increase in COVID-19 cases. The state government move is expected to adversely impact the manufacturing operation...
    17-Jun-2020 News COVID-19
    Suppliers to the new Toyota Yaris
    The fourth generation Toyota Yaris is assembled at Toyota’s plant in Valenciennes-Onnaing, France. According to IHS Markit production forecasts, output of the new generation Toyota Yaris from the plant is expected to peak in 2021 at over 129,000 units. If you would like your company in...
    AutoTechInsight Weekly – 15 June 2020
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    Valeo launches disinfectant solution for vehicle cabins
    Valeo has launched a disinfectant solution for vehicle cabins called ClimSpray™, according to a company press release on 12 June 2020. According to Valeo, the new solution product, which disinfects and purifies vehicle cabins, has the ability to neutralize viruses (including coronaviruses), b...
    15-Jun-2020 News New Products
    Chinese supplier Tenglong Auto Parts to raise money to fund expansion in Poland
    Mainland Chinese supplier Tenglong Auto Parts plans to raise up to CNY612 million (USD86.5 million) in a private placement of shares to expand its Polish plant, Yicai Global reported on 9 June. Tenglong will sell up to 65.1 million shares, equivalent to 30% of its total shares outstanding, at not le...
    Mann+Hummel FY 2019 sales rise 6.5% y/y to USD4.79 billion
    German components supplier Mann+Hummel has released its financial results for the fiscal year (FY) 2019. According to a press release issued on 10 June by Mann+Hummel, the company posted a sales figure of EUR4.21 billion (USD4.79 billion) during FY 2019, which implies a 6.5% year-over-year (y/y) ris...
    Hyundai and Kia develop new heat pump system for EVs
    Hyundai Motor Company and Kia Motors Corporation have unveiled the details of their newest heat pump system for electric vehicles (EVs). According to a press release issued by Hyundai on 9 June, the South Korean carmakers have designed this device to maximize the all-electric driving range of EVs in...
    09-Jun-2020 News New Products
    German acoustic solutions supplier Adler Pelzer to build new plant in US state Ohio
    German acoustic solutions supplier Adler Pelzer Group (APG) has announced plans to open a new facility in Northwest Ohio, US, to manufacture automotive thermal components, according to a press release on 8 June on the website of the Regional Growth Partnership Northwest Ohio. The company will i...
    09-Jun-2020 News Investments
    COVID-19 pandemic: Lumax says profitability for Q4 2020 and Q1 2021 likely to be adversely impacted
    Indian auto parts supplier Lumax Industries said in a regulatory filing on 1 June that the company expects the profitability for the fourth quarter of 2020 and the first quarter of 2021 likely to be adversely impacted due to the ongoing COVID-19 pandemic. Significance: The company informed that d...
    09-Jun-2020 News COVID-19
    AutoTechInsight Weekly – 8 June 2020
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    COVID-19 pandemic: Autoneum restarts component production at all its plants
    Autoneum has resumed component production at all its plants, the company announced in a press release today (3 June). In mainland China, the world’s largest automobile market, production has been running again since March, while in Europe and North America, it has been gradually resumed since mid-...
    Growing EV market to drive demand for battery heating systems
    Keeping the lithium-ion batteries in hybrid electric vehicles (HEVs) within optimum temperature levels plays a key role in the efficiency of these vehicles, as temperatures that are too low or too high can degrade the ability of these batteries to store charge and deliver optimal voltages and ampera...
    AutoTechInsight Weekly – 1 June 2020
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    Modine FY 2020 net sales slide 10.72% y/y to USD1.98 billion
    American manufacturer of thermal management solutions, Modine, has released their financials for the fiscal year (FY) 2020. According to a press statement issued on 29 May, the Wisconsin-based company stated that it posted a net sales figure of USD1.98 billion during the 2020 financial year. This im...
    COVID-19 pandemic: Minda Industries’ Indian plants operating at 10–20% capacity utilization
    India-based Minda Industries has informed about the impact of the ongoing COVID-19 pandemic on the company. According to a regulatory filing on 27 May, the company said that it has now received approvals to start production at all manufacturing plants in India with limited staff and capacity. Accord...
    28-May-2020 News COVID-19
    AutoTechInsight Webinar: COVID-19 Coverage Part 2
    Watch an on-demand replay now COVID-19 has had a big impact on the world economy with the automotive industry being no exception. During this webinar our AutoTechInsight experts will evaluate the supply chain status of China, India and Southeast Asia and analyze disruption levels, the status...
    27-May-2020 News COVID-19
    Valeo to increase production lines for 48V electric motors in France
    In a press release dated 26 May, Valeo announced that it is planning to increase production of its 48V electric motor in France. Furthermore, Valeo will add more production lines for the motor in French plants. The move is to support the French automotive recovery plan by the government. “France r...
    Eberspaecher FY 2019 revenue rises 7.7% y/y to USD5.44 billion
    German automotive thermal components supplier, Eberspaecher, has announced its financial results for the 2019 fiscal year (FY). According to a press release issued by Eberspaecher on 26 May, the company posted a revenue of EUR4.97 billion (USD5.44 billion), which represents an increase of 7.7% year ...
    COVID-19 impact: Thailand’s FTI mulls repurposing auto parts plants to make medical devices or aircraft parts
    The auto part industry club under the Federation of Thai Industries (FTI) is conducting a feasibility study on repurposing local auto parts manufacturing plants to build medical devices or aircraft parts, the Bangkok Post reported on 26 May. “The club wants to support its members adjusting their b...
    26-May-2020 News COVID-19
    AutoTechInsight Weekly – 25 May 2020
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    Webasto’s FY 2019/20 sales up 9% y/y to USD4 billion
    Webasto Group reported a growth of approximately 9% year on year (y/y) in sales to EUR3.7 billion (USD4 billion) for the fiscal year 2019/20, according to a company press release on 19 May. “The weakening economy, the increased pricing pressure in the automobile industry and international trade...
    Tokyo Radiator’s FY 2019/20 sales down 4.3% y/y to USD267.9 million
    Japan-based manufacturer of heat exchanger Tokyo Radiator’s net sales declined 4.3% y/y to JPY28.9 billion (USD267.9 million) in the fiscal year ended 31 March 2020, according to a company press release. Operating income also fell by 50.2% y/y to JPY716 million and net profit decreased 91.9% ...
    AutoTechInsight Weekly – 18 May 2020
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    COVID-19 pandemic: Indian suppliers Endurance, Hi-Tech Gears, Rico Auto, Suprajit, Subros and others partially resume operations
    Several automotive parts and components suppliers based in India have begun to restart operations in a phased manner. These companies’ production facilities had been put on temporary suspension due to the nationwide lockdown imposed by the Indian government during late March 2020 owing to the coro...
    18-May-2020 News COVID-19
    COVID-19 impact: Automotive suppliers in India to put USD4 billion worth investment on hold until 2022
    Automotive suppliers in India are likely to defer their planned capital expenditure of USD4 billion until 2022 as they stare at unutilized capacity due to low demand and shift focus on preserving cash amid the coronavirus disease 2019 (COVID-19) pandemic, a top official of the Auto Component Manufac...
    18-May-2020 News COVID-19
    Johnson Electric’s FY 2019 sales down 6% y/y to USD3.07 billion
    Johnson Electric posted a 6% year-on-year (y/y) fall in sales for full year 2019 at USD3.07 billion, the company said in a press filing on 13 May. Net loss attributable to shareholders was USD494 million compared to a net profit of USD281 million in the previous corresponding period. Profit was impa...
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