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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...
    05-Oct-2021 Insights AutotechInsight Analysis Monthly Pinned
    Insights
    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
    Insights
    AutoTechInsight Weekly – 18 October 2021
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    18-Oct-2021 News AutotechInsight Weekly
    News
    Apple developing technology to allow users control many vehicle interior features through iPhone
    Apple is developing technology that will allow users to control more features in vehicle interiors, including climate-control system and seat adjustments,  through iPhone, Bloomberg reported on 7 October citing “people with knowledge of the effort”. The project, called “IronHeart” inter...
    11-Oct-2021 News New Products
    News
    AutoTechInsight Weekly –11 October 2021
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    11-Oct-2021 News AutotechInsight Weekly
    News
    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...
    05-Oct-2021 Insights AutotechInsight Analysis Monthly
    Insights
    AutoTechInsight Weekly – 4 October 2021
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    04-Oct-2021 News AutotechInsight Weekly
    News
    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...
    01-Oct-2021 News Management Changes
    News
    Hybrid, battery electric vehicles to drive the demand for brushless DC motors
    While electric motors are used in almost every aspect in a car where motion control applications are required, direct current (DC) motors, in comparison to alternate current (AC) motors, offer more flexibility when it comes to quick start-and-stop functionality, operating at variable speeds, and con...
    30-Sep-2021 Insights AutotechInsight Analysis Monthly
    Insights
    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
    News
    Kongsberg Automotive lowers FY 2021 revenue guidance on persisting chip shortage
    Zurich-based Kongsberg Automotive has lowered its guidance on fiscal year (FY) 2021 revenue and adjusted earnings before interest and taxes (EBIT) on persisting industry challenges such as continuing semiconductor shortage along with surging raw material prices, the company said in a press rele...
    28-Sep-2021 News Financial results
    News
    AutoTechInsight Weekly – 27 September 2021
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    27-Sep-2021 News AutotechInsight Weekly
    News
    TI Fluid Systems appoints Hans Dieltjens as its new president and CEO
    Global supplier of automotive fluid systems, TI Fluid Systems has appointed Hans Dieltjens as its new president and chief executive officer with effect from 1 October 2021, the company said in a press release on 21 September. Hans will succeed William L. Kozyra, who will retire on 1 October and s...
    22-Sep-2021 News Management Changes
    News
    SABIC launches new resin for automotive under-the-hood applications
    Saudi chemical company Sabic announced via press release on 13 September that it had introduced a new polymer resin, NORYL GTX™ 9500, that offers excellent dimensional stability under hot and humid conditions. According to the press release, the new resin joins Sabic’s portfolio of unfil...
    21-Sep-2021 News New Products
    News
    AutoTechInsight Weekly – 20 September 2021
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    20-Sep-2021 News AutotechInsight Weekly
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    Freudenberg Sealing Technologies displays EV components at the Battery Show, USA
    Freudenberg Sealing Technologies showcased newly developed, innovative thermally-conductive and electrically-insulating (or TCEI) materials that are used in manufacturing bobbins for electric motors, along with other EV-specific components and battery systems at the Battery Show in Novi, Michigan, U...
    17-Sep-2021 News New Products
    News
    Modine creates separate business unit to focus on thermal management systems for EVs
    Wisconsin-based supplier of thermal management systems to the automotive industry Modine Manufacturing Company announced on 16 September that it is establishing a separate business unit to focus exclusively on thermal management systems for electric vehicles (EVs). "We are making a significant co...
    17-Sep-2021 News Corporate developments
    News
    Kongsberg wins contract worth EUR20 million to supply high-temperature fuel line
    Kongsberg Automotive’s Fluid Transfer Systems has announced renewal of its relationship with one of the world’s leading suppliers of fuel transfer systems. According to the company press release on 15 September, Fluid Transfer Systems has won incremental business and secured an extension contrac...
    17-Sep-2021 News OEM Purchasing
    News
    AutoTechInsight Weekly – 13 September 2021
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    13-Sep-2021 News AutotechInsight Weekly
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    Rheinmetall bags an order for coolant pumps for luxury hybrid vehicle from a global automaker
    German powertrain and thermal parts supplier Rheinmetall has bagged an order for its CWA400 coolant pumps from a global vehicle manufacturer, the company announced on 8 September. The said coolant pumps will be installed in luxury hybrid vehicles with 2.5L, 4-cylinder engines as the order size is pe...
    09-Sep-2021 News OEM Purchasing
    News
    IAA Mobility 2021: MAHLE introduces fast charging management system for electric cars
    The German auto component manufacturer MAHLE has announced on 8 September that the company is expanding its intelligent charging solutions for electric cars with its all-new chargeBIG Power charging management system, which is introduced at the ongoing IAA Mobility 2021 event in Munich. MAHLE sai...
    09-Sep-2021 News New Products
    News
    MAHLE develops a new cooling system for EV batteries
    Stuttgart-based auto component manufacturer MAHLE has developed a completely new cooling system for electric vehicle batteries, the company said in a press release issued on 7 September. The company said it relies on immersion cooling as a key technology to address thermal challenges in electric veh...
    09-Sep-2021 News New Products
    News
    Valeo to present multiple innovations at IAA Mobility 2021
    France-based automotive components supplier, Valeo, has announced that it will showcase six new innovations at the IAA Mobility 2021 event which begins today in Munich, Germany. According to a press release issued by Valeo on 6 September, the company stated that these innovations will span multiple ...
    07-Sep-2021 News New Products
    News
    AutoTechInsight Weekly – 06 September 2021
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    06-Sep-2021 News AutotechInsight Weekly
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    Mercedes-AMG GT 63 S E PERFORMANCE PHEV launched
    Germany-based luxury and sportscar manufacturer, Mercedes-Benz, has announced that its high-performance vehicle division, Mercedes-AMG, has premiered its first performance hybrid vehicle. According to a press release issued by Mercedes-Benz on 1 September, the Mercedes-AMG GT 63 S E PERFORMANCE is a...
    01-Sep-2021 News New Products
    News
    MAHLE reports H1 2021 revenues at USD6.69 billion, up 32% y/y
    Stuttgart-based supplier of powertrain technologies MAHLE has reported total first half of 2021 revenue at EUR5.67 billion (USD6.69 billion), up 32% y/y, the company announced on 31 August. MAHLE’s first half 2020 revenues were about 4.28 billion on account of the COVID-19 pandemic. T...
    01-Sep-2021 News Financial results
    News
    AutoTechInsight Weekly – 30 August 2021
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    31-Aug-2021 News AutotechInsight Weekly
    News
    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
    News
    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...
    27-Aug-2021 Insights Car Cutaways
    Insights
    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...
    25-Aug-2021 News Acquisition, divestment & Spinoff
    News
    AutoTechInsight Weekly – 23 August 2021
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    23-Aug-2021 News AutotechInsight Weekly
    News
    Kongsberg Automotive appoints Christian Amsel as CTO
    Zurich-based auto component supplier Kongsberg Automotive has appointed Dr. Christian Amsel as chief technology officer (CTO), who taken charge of the position with effect from 1 August 2021, the company said in a press release on 18 August. It added that Dr Amsel’s appointment is to support th...
    18-Aug-2021 News Management Changes
    News
    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 ...
    18-Aug-2021 Insights Car Cutaways
    Insights
    LANXESS unveils concept for radar sensors with integrated thermal management
    According to an official press release dated 16 August, LANXESS, a leading supplier of thermoplastic high-performance polymers, considers itself a development partner for New Mobility. The specialty chemicals group has created a new radar sensor concept with integrated thermal management that will b...
    18-Aug-2021 News New Products
    News
    Schaeffler to present 800V power electronics, thermal management systems at IAA Mobility 2021
    Germany-based automotive and industrial components supplier, Schaeffler, will be presenting its new 800-volt power electronics system and a highly integrated thermal management system at the upcoming IAA Mobility 2021 event which will be held in Munich, Germany between 7–12 September. According to...
    17-Aug-2021 News New Products
    News
    Brose to unveil thermal management solutions at IAA Mobility 2021 in Munich, Germany
    German automotive thermal and electrification components supplier, Brose, has announced that it will be showcasing its thermal management solutions at the upcoming IAA Mobility 2021 event in Munich, Germany next month. According to a press release issued by Brose on 12 August, the company stated tha...
    17-Aug-2021 News New Products
    News
    AutoTechInsight Weekly – 16 August 2021
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    16-Aug-2021 News AutotechInsight Weekly
    News
    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...
    12-Aug-2021 News Financial results
    News
    Johnson Electric launches new brushless DC motor platform
    Hong Kong-based automotive component supplier Johnson Electric has launched its new ECI-040 brushless DC (BLDC) motor platform, the company said in a press release on 9 August. It said that the new generation BLDC motor platform is designed to simplify integration by accepting direct main AC...
    10-Aug-2021 News New Products
    News
    AutoTechInsight Weekly – 9 August 2021
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    09-Aug-2021 News AutotechInsight Weekly
    News
    Modine Q1 2021 net sales increases 42.2% y/y to USD494.6 million
    US-based thermal management technology and solutions provider, Modine, has published its financial results for the three months ended 30 June 2021. According to a press release issued by Modine on 4 August, the company posted a net sales figure of USD494.6 million during the first quarter of the 202...
    05-Aug-2021 News Financial results
    News
    BorgWarner plans to supply high-voltage coolant heater to Geely’s premium EV
    Michigan-based global supplier of automotive powertrain parts, BorgWarner has signed a partnership with ZEEKR Intelligent Technology Company to supply its advanced high-voltage coolant heater (HVCH) to the carmaker’s new electric sedan, ZEEKR 001, the company said in a press release on 3 Augu...
    04-Aug-2021 News New Products
    News
    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...
    04-Aug-2021 News Financial results
    News
    Sogefi sells filtration business unit in Argentina to SA Eagle Holdings
    Italian automotive components supplier, Sogefi Group, has announced that it has completed the sale of its filtration business unit in Argentina to SA Eagle Holdings LLC. According to a press release issued by Sogefi on 2 August, the company stated that the asset consists of one production plant and ...
    03-Aug-2021 News Acquisition, divestment & Spinoff
    News
    AutoTechInsight Weekly – 02 August 2021
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    02-Aug-2021 News AutotechInsight Weekly
    News
    DENSO’s Q1 revenue rises 77.3% y/y to USD12.37 billion
    DENSO Corporation has reported a 77.3% year-on-year (y/y) increase in revenue for the first quarter at JPY1.36 trillion (USD12.37 billion), according to an official media filing on 30 July. Net profit came in at JPY89.3 billion and operating profit of JPY107.2 billion. Last year, the company po...
    02-Aug-2021 News Financial results
    News
    Suppliers to the new BMW 4 Series
    The second-generation BMW 4 Series is assembled at BMW’s facility in Dingolfing, Germany. Output of the new version of the two-door coupe is expected to peak at more than 45,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car cutawa...
    30-Jul-2021 Insights Car Cutaways
    Insights
    Gentherm Q2 2021 revenue climbs 95.5% y/y to USD266 million
    US-based thermal and electronics components supplier, Gentherm, has published its financial results for the second quarter and the first six months of fiscal year 2021. According to a press release issued by Gentherm on 29 July, the company posted revenues of USD266 million during the second quarter...
    30-Jul-2021 News Financial results
    News
    Ford unveils new Refresh95 standard-certified cabin air filter
    According to an official press release dated 22 July, Ford announced the release of all-new standard certified cabin air filters known as Ford Refresh95, with plans to cover the majority of its lineup by the end of 2023. Ford Refresh95 is Ford's new standard advanced cabin air filter, built in th...
    28-Jul-2021 News New Products
    News
    Valeo to showcase innovative electric mobility solutions at IAA Mobility 2021
    French automotive supplier, Valeo plans to showcase several innovative technologies at the upcoming IAA Mobility 2021, which will be held in Munich this year from 7 to 12 September, the company said in a press release on 26 July. Valeo said that with the help of its joint venture (JV) with Siemen...
    27-Jul-2021 News New Products
    News
    Sogefi H1 2021 revenue rises 34.9% y/y to USD803.75 million
    Italy-based automotive components supplier, Sogefi Group, has released its financial results for the first six months of the 2021 fiscal year (FY). According to a press release issued by Sogefi on 23 July, the company posted a revenue of EUR682.5 million (approximately USD506 million) in the first h...
    26-Jul-2021 News Financial results
    News
    AutoTechInsight Weekly – 26 July 2021
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    26-Jul-2021 News AutotechInsight Weekly
    News
    Valeo posts 27.4% y/y increase in first half 2021 sales at USD10.60 billion
    Valeo has posted a 27.4% year-on-year (y/y) growth in sales for the first half of fiscal 2021, according to a filing on 22 July. Sales came in at EUR8.99 billion (USD10.60 billion) compared with EUR7.06 billion a year earlier. Net profit was EUR90 million, versus a loss of EUR1.22 billion last ...
    23-Jul-2021 News Financial results
    News
    Faurecia establishes new division to develop sustainable and smart materials
    Faurecia has announced the establishment of a division to develop and manufacture sustainable and smart materials, it said in a company press release on 22 July. The company is planning to build a dedicated Sustainable Materials R&D Center and a pilot plant, both operational in 2022. The center ...
    23-Jul-2021 News Corporate developments
    News
    AutoTechInsight Weekly – 19 July 2021
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    19-Jul-2021 News AutotechInsight Weekly
    News
    Ford issues three safety recalls impacting more than 850,000 vehicles globally
    Ford announced three safety recalls in a 16 July press release. The first recall is for certain model year (MY) 2020–21 F-350 pickup trucks with 6.7L engine and single rear wheel axle for a rear axle housing spring seat interface weld issue. The American automaker also recalled select MY...
    19-Jul-2021 News Recalls
    News
    Suppliers to the new Skoda Octavia
    The fourth-generation Skoda Octavia is assembled at the Volkswagen Group’s facility in Mlada Boleslav, Czech Republic, as well as Russia contract manufacturer GAZ’s plant in Nizhny Novgorod, Russia. Output of the new version of the five-door compact car is expected to peak at more than 233,000 u...
    19-Jul-2021 Insights Car Cutaways
    Insights
    AutoTechInsight Weekly – 12 July 2021
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    12-Jul-2021 News AutotechInsight Weekly
    News
    Webasto supplies battery and air-conditioning technology for Green-G's electric light truck ecarry
    German automotive parts supplier Webasto has supplied electric vehicle (EV) batteries and heating, ventilation, and air conditioning (HVAC) systems to Green-G, the subsidiary company of Italy’s Goriziane Holding S.p.A., the company said in a press release on 6 July. Green-G has developed a...
    07-Jul-2021 News New Products
    News
    AutoTechInsight Weekly – 05 July 2021
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    05-Jul-2021 News AutotechInsight Weekly
    News
    Suppliers to the new Mercedes-Benz CLA
    The second-generation 2019 Mercedes-Benz CLA is assembled at Daimler's facility in Kecskemet, Hungary. Output of the new version of the compact sedan is expected to peak at more than 98,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the ...
    30-Jun-2021 Insights Car Cutaways
    Insights
    AutoTechInsight Weekly – 28 June 2021
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    28-Jun-2021 News AutotechInsight Weekly
    News
    HDT Automotive announces deal to acquire German supplier Veritas
    Michigan-based automotive supplier of advanced thermal management systems, HDT Automotive Solutions LLC plans to acquire Germany’s Veritas AG, a supplier with expertise in elastomers, plastics, and metal for fluid, thermal and sealing management systems, HDT said in a press release on 23 June. ...
    24-Jun-2021 News Acquisition, divestment & Spinoff
    News
    Increasing engine downsizing to propel demand for charge air coolers in the short term
    The problems posed and the far-reaching ramifications of climate change are becoming more critical with each passing year, and as a result, increased levels of efficiency and optimization are being demanded by policymakers in every sphere. One domain where this is felt more strongly than almost ever...
    22-Jun-2021 Insights AutotechInsight Analysis Monthly
    Insights
    AutoTechInsight Weekly – 21 June 2021
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    21-Jun-2021 News AutotechInsight Weekly
    News
    Garrett Motion launches new software solution on model-based predictive control technology with Hyundai
    Garrett Motion, on 17 June, announced the launch of a new software solution focused on Model-Based Predictive Control (MPC) technology with Hyundai Motor Company. Hyundai’s i20 N will feature the technology and it is expected to be included in other vehicle models equipped with a 1.6L turbocharged...
    21-Jun-2021 News New Products
    News
    Suppliers to the new Jeep Compass
    The second-generation 2021 Jeep Compass is assembled at Stellantis’ facility in Melfi, Italy. Output of the new version of the compact crossover SUV is expected to peak at more than 77,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the...
    21-Jun-2021 Insights Car Cutaways
    Insights
    EV startup Canoo debuts air purifying climate control with UV technology
    Manufacturer of electric vehicles (EVs) including delivery vans and pickup trucks, Canoo Inc. has launched cabin climate control with air purifying qualities, it said in a press release on 15 June. According to the company, the climate control technology is offered in a wellness package, which en...
    16-Jun-2021 News COVID-19
    News
    AutoTechInsight Weekly – 14 June 2021
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    14-Jun-2021 News AutotechInsight Weekly
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    Canatu, DENSO sign agreement to develop high-performance reactors used in CNB films
    Carbon nanomaterial company Canatu has signed a joint development agreement with global auto component supplier Denso to develop high-performance reactors used in carbon nanobud (CNB) film production, the company said in a press release on June 9. “The joint development agreement was signed in ...
    11-Jun-2021 News New Products
    News
    Indian auto component industry's revenue to drop 10–12% y/y in FY 2021, says ACMA
    The Automotive Component Manufacturers Association of India (ACMA) forecasts that the auto component industry’s fiscal year (FY) 2020–21 revenue would decline 10–12% year on year (y/y) on account of COVID-19 led disruptions. The lobby body, however, is expected to release annual results o...
    07-Jun-2021 News COVID-19
    News
    AutoTechInsight Weekly – 7 June 2021
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    07-Jun-2021 News AutotechInsight Weekly
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    Gentherm invests in Israel-based startup Carrar
    Supplier of thermal management systems Gentherm has invested in Israel-based startup Carrar, according to a company press release on 2 June 2021. Gentherm led the Seed funding round in Carrar, which develops advanced thermal management systems for the electric mobility market. “The electric veh...
    03-Jun-2021 News Investments
    News
    Continental, Censtar partner to offer hose solutions for hydrogen refueling stations in mainland China
    Continental and Chinese hydrogen specialist Censtar H2-Electricity Science & Technology entered an agreement to expand their strategic cooperation for the mainland Chinese market. According to a company press release on 1 June, the signed agreement is aimed at developing dispensing hose solution...
    02-Jun-2021 News Strategic Partnerships
    News
    Hyundai, Kia, and other brands to recall more than 700,000 vehicles in South Korea
    Hyundai, Kia, Mercedes-Benz, General Motors (GM), and Toyota have issued a recall affecting a total of 714,720 vehicles in South Korea, according to a report by Pulse News on 27 May 2021. The recall covers 22 models, over various faulty parts. Of the total vehicles being recalled, the majority ar...
    02-Jun-2021 News Recalls
    News
    AutotechInsight Weekly – 31 May 2021
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    31-May-2021 News AutotechInsight Weekly
    News
    TI Fluid Systems launches integrated thermal manifold assemblies for EVs
    TI Fluid Systems, a major global supplier of automotive fluid systems technology, has launched an innovative approach for coolant fluid management on electrified vehicles. According to a company press release on 28 May 2021, the new technology is an Integrated Thermal Manifold assembly (ITMa) that p...
    31-May-2021 News New Products
    News
    Modine reports 8% y/y decline in net sales to USD1.8 billion for FY 2020/21
    American thermal management technology and solutions provider Modine has reported an 8% year-on-year (y/y) decline in net sales to USD1.8 billion for the fiscal year ended 31 March 2021, according to a company press release on 26 May. Adjusted EBITDA was USD164.8 million, down USD9.6 million from th...
    28-May-2021 News Financial results
    News
    European Commission clears acquisition of Sanden by Hisense Group
    The European Commission (The Commission) has approved, under the EU Merger Regulation, the acquisition of Japan-based Sanden Holdings Corporation by Chinese Hisense Group Holdings Co. Ltd., The Commission said in a press release on 20 May 2021. Significance: Sanden manufactures and supplies ...
    28-May-2021 News Acquisition, divestment & Spinoff
    News
    Toray develops thermal conductivity technology to raise heat-dissipating properties of CFRP
    Japan-based Toray Industries has developed a thermal conductivity technology that can raise the heat-dissipating properties of carbon-fiber-reinforced plastic (CFRP) comparable to that of metals, according to a company press release on 19 May. Significance: Toray states that its new technology wh...
    27-May-2021 News New Products
    News
    Suppliers to the new Volkswagen T-Roc
    The first-generation 2020 Volkswagen T-Roc is assembled at Volkswagen’s facility in Osnabruck, Germany. Output of the new version of the subcompact crossover is expected to peak at more than 15,000 units in 2022, according to IHS Markit. If you would like your company included in this featu...
    26-May-2021 Insights Car Cutaways
    Insights
    AutotechInsight Weekly – 24 May 2021
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    24-May-2021 News AutotechInsight Weekly
    News
    Lumax to spend around USD34 million in FY 2021 for two plants in India
    Lumax Group will invest most of its INR2.50 billion (USD34 million) capital expenditure in fiscal 2021 to set up an electronics plant in Haryana and increase capacity at the Sanand plant in Gujarat, India, The Economic Times reported on 13 May, citing PTI. “We have allocated Rs 250 crore (INR2....
    18-May-2021 News Investments
    News
    Suppliers to the new DS 3 Crossback
    The first-generation DS 3 Crossback is assembled at Stellantis’ factory in Poissy, France. Output of the new version of the small crossover is expected to peak at more than 24,000 units in 2023, according to IHS Markit. If you would like your company included in this feature or the car cuta...
    18-May-2021 Insights Car Cutaways
    Insights
    AutotechInsight Weekly – 17 May 2021
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    17-May-2021 News AutotechInsight Weekly
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    An analysis on the risks and remedies of electric vehicle (EV) battery fires
    There is no question that electromobility is the future for the automotive industry and the shift away from internal combustion engines (ICEs) is occurring at a tremendous speed. Many countries have set (or are in the process of setting) deadlines for the phasing out of vehicles driven by convention...
    14-May-2021 Insights AutotechInsight Analysis Monthly
    Insights
    Kongsberg Automotive reports 15.6% y/y growth in Q1 2021 sales to USD355.4 million
    Kongsberg Automotive has reported growth of 15.6% year on year (y/y) in sales for the first quarter ended 31 March 2021 to EUR302.8 million (USD355.4 million), according to a press release on 12 May. At constant currencies, the y/y sales growth rate was around 20.1%, which is above the overall marke...
    14-May-2021 News Financial results
    News
    Mitsubishi Heavy Industries FY 2020 revenue slides 8.45% y/y to USD33.97 billion
    Mitsubishi Heavy Industries, Ltd. (MHI) announced its consolidated financial results for the fiscal year (FY) 2020 (ended 31 March 2021). According to a press release issued by MHI on 10 May, the company generated revenue of JPY3.69 trillion (approximately USD33.97 billion). This implies a reduction...
    13-May-2021 News Financial results
    News
    FCA recalls 18,800 vehicles in US over problem with transmission oil cooler hose
    Chrysler (FCA US, LLC) is recalling certain model year (MY) 2021 Jeep Cherokee vehicles. According to a notification by the National Highway Traffic Safety Administration (NHTSA) published on 4 May, the reason for the recall is the fact that the transmission oil cooler hose may have been incorrectly...
    11-May-2021 News Recalls
    News
    Toyota Boshoku’s FY 2020/21 sales decline 7.3% y/y to USD11.5 billion
    Toyota Boshoku’s sales declined 7.3% year-on-year (y/y) to JPY1.2 trillion (USD11.5 billion) in the fiscal year ended 31 March 2021. Operating profit grew 19.5% y/y to JPY57.1 billion and net profit rose 25.8% by to JPY31.2 billion. In the fiscal year, Toyota Boshoku reported 9.5% y/y decline i...
    11-May-2021 News Financial results
    News
    ACQUISITION: Hanon Systems completes acquisition of Keihin’s condenser business in Europe, North America
    Hanon Systems has announced it has completed the acquisition of condenser business from Keihin for certain operations in Europe and North America, according to a company press release dated 7 May. Financial details of the transaction were not disclosed. “This strategic acquisition expands our a...
    10-May-2021 News Acquisition, divestment & Spinoff
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    AutotechInsight Weekly – 10 May 2021
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    10-May-2021 News AutotechInsight Weekly
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    Tenneco Q1 2021 revenue climbs 23.3% y/y to USD4.73 billion
    US-based automotive components and systems supplier, Tenneco, has announced its financial results for the first quarter of fiscal year 2021. According to a press release issued by Tenneco on 6 May, the company generated revenues of USD4.73 billion, which implies a 23.3% year-over-year (y/y) increase...
    07-May-2021 News Financial results
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    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. ...
    06-May-2021 News Corporate developments
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    Hyundai introduces new Rear Occupant Alert technology
    South Korean carmaker, Hyundai, has announced that its product portfolio now comprises of 13 models that offer Rear Occupant Alert (ROA) systems as standard or optional (Palisade, Santa Fe, Santa Fe HEV, Sonata, Sonata HEV, Elantra, Elantra HEV, Tucson, Tucson HEV, Tucson PHEV, and Tucson N-Line, as...
    05-May-2021 News New Products
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    Continental supplies essential technologies for the Volkswagen ID.4
    Continental has supplied multiple essential technologies for Volkswagen’s ID.4 electric vehicle (EV), according to a 28 April press release. Continental has supplied software and central computer architecture, brakes, and thermal management, for example for cooling the batteries. Continental also ...
    04-May-2021 News OEM Purchasing
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    Modine completes divestment of Austrian automotive air-cooled business to Schmid Metall
    American thermal management technology and solutions provider, Modine Manufacturing Company, has announced that it has completed the sale of its Austrian air-cooled automotive business, including its manufacturing facility located at Kottingbrunn, Austria, to Schmid Metall GmbH, an affiliate of Rupe...
    04-May-2021 News Acquisition, divestment & Spinoff
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    AutotechInsight Weekly – 03 May 2021
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    03-May-2021 News AutotechInsight Weekly
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    Gentherm’s first quarter FY 2021 revenue rises 26.2% y/y to USD288.5 million.
    US-based thermal management technology provider, Gentherm, has published its financial results for the first quarter of the 2021 fiscal year. According to a press release issued by Gentherm on 29 April, the company stated that it generated revenues of USD288.5 million, which represents an increase o...
    03-May-2021 News Financial results
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    Denso FY 2020 revenue dips 4.2% y/y to USD44.6 billion
    DENSO posted a full year revenue of JPY4.94 trillion (USD44.6 billion) for the period ending 31 March 2021. The 4.2% drop in revenue was attributed to the ‘significant decline in the first quarter’ due to the COVID-19 pandemic, it said in a press release on 28 April. Consolidated operating profi...
    29-Apr-2021 News Financial results
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    Valeo Q1 2021 sales rise 4% y/y to USD5.67 billion
    France-based automotive components and systems supplier, Valeo, has published its financial results for the first quarter of 2021. According to a press release issued by Valeo on 28 April, the company reported sales of EUR4.67 billion (approximately USD5.67 billion) for the first quarter of the 2021...
    29-Apr-2021 News Financial results
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    XING Mobility, Castrol partner to develop immersion-cooled battery technology
    Taiwan-based EV powertrain and battery technology provider, XING Mobility, announced a partnership with BP-owned Castrol to develop XING Mobility’s immersion cooling battery technology. According to a press release issued by XING Mobility on 26 April, the companies will use Castrol’s advanced th...
    28-Apr-2021 News New Products
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