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    The case for OEM-made operating systems in the age of software-driven vehicles
    By combining vehicle domains with the cloud and internet of things (IoT), future software architecture will have a common hardware layer at the vehicle level, a common middleware layer in the software level, and an operating system that will add different features in a scalable way. To sustain futur...
    Chip supply constraints will likely persist until third quarter 2021
    The semiconductor shortage crisis has hit the automotive industry at a time when the sector started to experience a moderate recovery in production levels following a pandemic-inflicted slowdown. The ramp up in demand of chips from the automotive industry started when the supply lines were already s...
    AutoTechInsight Weekly – 8 March 2021
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    Indian supplier Lumax planning to enter HVAC panel business
    Lumax Industries announced that the company is planning to expand its product portfolio with introduction of HVAC panel, according to investor call on 1 March 2021. To this end, Lumax is partnering with Stanley Electric for HVAC panel. The Indian supplier could start the production in late FY 2022 f...
    Martinrea FY 2020 sales dips 12.6% y/y to USD3.38 billion
    Canada-based automotive components supplier Martinrea has posted its financial results for the full fiscal year 2020. According to a press release issued by Martinrea on 4 March, the company posted a total sales figure of USD3.38 billion, which implies a reduction of 12.64 % year-over-year (y/y) fro...
    Faurecia develops radiant panel solutions to improve thermal management
    Faurecia has developed a range of radiant panel solutions to improve thermal management, the French supplier said in a press release on 3 March 2021. The new radiant panels, controlled through HMI and using the fewest number of buttons and dials possible, can be integrated into various interiors com...
    04-Mar-2021 News New Products
    ACQUISITION: Chinese group Hisense's subsidiary buys majority stake in Sanden
    Sanden Holdings Co., Ltd. signed a share underwriting agreement with Hisense Home Appliances Group Co., Ltd. at the board of directors meeting held on 1 March. According to a press release issued by Sanden Holdings on the same day, the company has resolved to issue new shares through a third-party a...
    Hanon Systems breaks ground on new manufacturing site in South Korea
    Global automotive supplier Hanon Systems has commenced construction on its new plant in Korea, according to a company press release on 1 March 2021. The plant, located in Naengcheon-ri, Oedong-eup, Gyeongju-si, will be built on approximately 33,000-square-meters (approximately 335,000-square-feet) o...
    02-Mar-2021 News Investments
    Gentherm FY 2020 revenue slips 6% y/y to USD913.1 million
    US-based thermal management technology provider, Gentherm, has published its financial results for the 2020 fiscal year. According to a press release issued by Gentherm on 1 March, the company generated a revenue of USD913.1 million during FY 2020, which implies a reduction of 6% year over year (y/y...
    AutoTechInsight Weekly – 1 March 2021
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    Sogefi FY 2020 revenue slides 17.8% y/y to USD1.45 billion; appoints Frederic Sipahi as new CEO
    Italy-based automotive components supplier, Sogefi Group, has released its financial results for the fiscal year of 2020. According to a press release issued by Sogefi on 26 February, the company generated revenues of EUR1.2 billion (approximately USD1.45 billion) during FY 2020, which implies a dro...
    Heat pump demand to be driven by the global shift towards e-mobility
    In conventional vehicles driven by internal combustion engines (ICEs), automotive OEMs could incorporate a myriad of comfort and convenience features. However, with the advent of electrified vehicles and an age where efficiency is quickly becoming an important criterion for carmakers across the glob...
    Suppliers to the new Renault Captur
    The second-generation Renault Captur is assembled at Renault's facility in Valladolid, Spain. According to IHS Markit production forecasts, output of the new generation Renault Captur from the plant is expected to peak in 2022 at over 229,000 units. If you would like your company included in ...
    AutoTechInsight Weekly – 22 February 2021
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    Modine announces partial sale of Austrian air-cooled automotive business
    US-based thermal management technology and solutions provider, Modine Manufacturing Company, announced that it has agreed to sell a portion of the Company's European air-cooled automotive business, including its manufacturing facility located in Kottingbrunn, Austria. According to a press release...
    Valeo’s FY 2020 sales down 16% y/y to USD20.2 billion
    Valeo has reported financial results for the fiscal year ended 31 December 2020. According to a company press release dated 18 February 2021, Valeo’s sales declined 16% year-on-year (y/y) to EUR16.4 billion (about USD20.2 billion). The company’s OE sales and aftermarket sales declined 16% and 12...
    AutoTechInsight Webinar: EV Charging Infrastructure: Is vehicle technology the bottleneck?
    Watch an on-demand replay now AutoTechInsight Webinar: EV Charging Infrastructure: Is vehicle technology the bottleneck? With an evident shift towards battery electric vehicles underway within major automotive markets in spite of the global coronavirus pandemic, increased focus is being d...
    17-Feb-2021 News Webinars
    AutoTechInsight Weekly – 15 February 2021
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    EIB grants USD727 million loan for Valeo’s R&D projects
    France-based automotive components supplier, Valeo, has been granted a loan of EUR600 million (over USD727 million) by the European Investment Bank (EIB) in order to fund its research and development (R&D) projects. According to a press release issued by Valeo on 10 February, these research proj...
    11-Feb-2021 News Investments
    Valeo to expand technologies that contribute to low carbon mobility
    Valeo will continue to expand its portfolio of technologies that contribute to low carbon mobility, the French automotive supplier said in a press release on 4 February. The company will invest mainly in the field of developing solutions for vehicle electrification. Over the past 10 years, Valeo ...
    Suppliers to the new Land Rover Defender
    The second-generation Land Rover Defender is assembled at Land Rover's facility in Nitra, Slovakia. According to IHS Markit production forecasts, output of the new generation Land Rover Defender from the plant is expected to peak in 2021 at over 54,000 units.  If you would like your comp...
    Mitsubishi to close climate control components plant in Franklin, US
    Japan-based Mitsubishi Heavy Industries Ltd. is planning to shut down all operations of its climate control division located in Franklin, Indiana, US. According to a statement issued by Mitsubishi Heavy Industries Climate Control America to the mayor of Franklin city and the Indiana Department of...
    AutoTechInsight Weekly – 8 February 2021
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    Rheinmetall announces new corporate structure, targets sales of USD10.24 billion in 2025
    Germany-based components supplier, Rheinmetall AG, has announced that it is pressing ahead with its strategic realignment and transformation into a fully integrated technology group. According to a press release issued by Rheinmetall on 5 February, the company stated that it will be pursuing the fol...
    Modine Q3 2020 net sales rises 2.3% y/y to USD484.3 million
    Automotive thermal management solutions supplier Modine Manufacturing Company has announced its financial results for the third quarter of fiscal year (FY) 2020. According to a press release issued by Modine on 4 February, the company registered net sales of USD484.3 million duri...
    Eberspaecher establishes new subsidiary in Romania for vehicle electronics 
    Eberspaecher has established a new subsidiary in Romania to strengthen its vehicle electronics business, the company said in a press release on 4 February. The unit, called Eberspaecher Controls Ro S.R.L, will primarily focus on control units for electric and autonomous vehicles. “The prop...
    Mitsubishi Electric’s nine-month FY 2020/21 revenue falls 9.5% y/y to USD23.18 billion
    Mitsubishi Electric has announced a 9.5% year-on-year (y/y) fall in nine-month FY 2021 revenue to JPY2.94 trillion (USD23.18 billion), a company press release on 2 February read. Net profit dropped 33% y/y to JPY107.7 billion. Operating profit fell to JPY137.7 billion from JPY182.2 billion. Reven...
    DENSO April–December 2020 revenue declines 9.9% y/y to USD33.9 billion
    DENSO has reported a 9.9% year-on-year (y/y) decline in consolidated revenue to JPY3.5 trillion (USD33.9 billion) for the first nine months ended 31 December 2020, the Japanese supplier said in a press release on 2 February. Operating profit for the period totaled JPY66.6 billion and net profit JPY4...
    Eberspaecher develops electric heating element to reduce emissions during cold starts
    German automotive thermal components supplier, Eberspaecher, has announced the EHC Lamella Heater for metal and ceramic catalytic converters. According to a press release issued by Eberspächer on 2 February, the Euro 7 emission standard expects a significant reduction in exhaust gas limit values fo...
    03-Feb-2021 News New Products
    POLICY: Indian government raises basic custom duty on certain auto parts to 15%
    The Indian government has proposed to increase basic custom duty on import of certain auto parts including ignition wiring set, safety glass and parts of signaling equipment to 15%, effective on 2 February, the Press Trust of India reported. Earlier these auto parts were attracting basic custom duty...
    Marelli, Highly International officially establish ‘Highly Marelli’ JV
    Marelli and Highly International (Hong Kong) Limited have officially established ‘Highly Marelli’ joint venture (JV), Marelli announced in a press release on 28 January. The JV will be focused on cabin comfort business. “This is a strategically significant and exciting partnership for Marel...
    MAHLE completes acquisition of Keihin’s air-conditioning business
    Germany-based automotive components and systems supplier, MAHLE, has announced that it has taken over the air-conditioning business in Japan, Thailand, and the US from the former Keihin Corporation (now Hitachi Astemo, Ltd.). According to a press release issued by MAHLE on 1 February, the acqui...
    Automotive electrification to drive demand for water-cooled charge air coolers
    The world we live in today has a significantly heightened awareness of the problems posed by and the far-reaching repercussions of climate change, compared to even the turn of the century. As a result, higher levels of efficiency and optimization are demanded in every sector, and one industry where ...
    AutoTechInsight Weekly – 1 February 2021
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    SONTIAN establishes new automotive brushless motor manufacturing facility in mainland China
    SONTIAN has established a new automotive brushless motor manufacturing facility in mainland China, the company said in a press release on 28 January. The plant spans over 80,000 square meters and is estimated to provide an output value of USD120 million. The plant will focus on manufacturing diff...
    Benteler develops high-pressure heat exchanger for faster EV battery charging
    German automotive components supplier Benteler has announced a new solution for the fast cooling of the battery packs of electric vehicles (EVs). According to a press release issued by Benteler on 28 January, the company’s new high-pressure heat exchanger addresses the issue of the ...
    29-Jan-2021 News New Products
    FEV upgrades US vehicle development center with solar simulation system
    Germany-based engine and vehicle technology developer, FEV, has announced that it has upgraded its Vehicle Development Center (VDC) in Auburn Hills, Michigan, US with a solar loading system. According to a press release issued by FEV on 21 January, this upgrade provides FEV comprehensive c...
    26-Jan-2021 News Investments
    AutoTechInsight Weekly – 25 January 2021
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    AutoTechInsight Webinar: 2021 CES Recap & Auto Tech Outlook
    Watch an on-demand replay now AutoTechInsight Webinar: 2021 CES Recap & Auto Tech Outlook Annually, the IHS Markit Automotive Supply Chain & Technology team hosts post CES webinars focused on how the automotive technology trends of the connected car, autonomous driving, mobility, ...
    20-Jan-2021 News Webinars
    Hyundai WIA develops new thermal management system for EVs
    Hyundai Wia has developed a thermal management module that integrates EV driveline and battery parts. According to a press release issued by Hyundai Wia on 13 January, the company stated that this integrated coolant distribution and supply module is set to be installed in Hyundai’s Electric-Global...
    19-Jan-2021 News New Products
    AutoTechInsight Weekly – 18 January 2021
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    Valeo reports preliminary results for Q4 2020; total sales amount to USD6.1 billion
    Valeo has reported preliminary results for the fourth quarter of 2020, according to a company press release on 14 January. Despite the acceleration of the second wave of the COVID-19 pandemic, Valeo recorded like-for-like growth in OE sales of 5.3% in the fourth quarter of 2020 to EUR4.2 billio...
    Hanon Systems appoints Min Suk Sung as new CEO and president
    Hanon Systems has appointed Min Suk Sung as the company’s new CEO and president, according to a  company press release on 18 January. Min Suk Sung succeeds Jay Son, who will assume the new role of vice chairman. Min Suk Sung serves as colead of the company along with corporate president Nurda...
    Suppliers to the new Toyota Corolla
    The twelfth-generation Toyota Corolla is assembled at Toyota's facility in Tupelo, United States. According to IHS Markit production forecasts, output of the new generation Toyota Corolla from the plant is expected to peak in 2022 at over 160,000 units. If you would like your compan...
    DENSO appoints Seiji Maeda CEO of DENSO North America operations
    Japanese supplier DENSO has appointed Seiji Maeda as CEO of DENSO's North American operations, according to a company press release on 12 January. Maeda is also a senior director at DENSO. Prior to this post, Maeda served as head of Denso’s Motor Business Unit in Japan. From 2012–17, he held ...
    COVID-19 pandemic: Mainland China imposes lockdown in Shijiazhuang city in Hebei province
    Last week, mainland China imposed fresh lockdown in Shijiazhuang, in the northern province of Hebei, after sudden rise in new cases of the COVID-19 pandemic, CNN reported on 8 January. Municipal officials have banned outbound travel for about 11 million residents of Shijiazhuang, except for eme...
    12-Jan-2021 News COVID-19
    AutoTechInsight Weekly – 11 January 2021
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    Modine announces organizational and personnel changes
    Thermal management technology and solutions provider, Modine Manufacturing Company, has announced that it has eliminated a senior executive position that previously served as VP Commercial and Industrial Solutions (CIS), and COO. Along with this change, Modine has also announced the departure o...
    ElringKlinger to establish new facility in Neuffen, Germany
    German automotive components supplier ElringKlinger AG has announced that it will be setting up a new facility in the town of Neuffen in Germany. According to a press release from ElringKlinger on 7 January, this new location will house the company’s battery technology division and drive...
    08-Jan-2021 News Investments
    Segula Technologies joins InnoTherMS project
    France-based engineering firm, Segula Technologies, has announced that it has joined the InnoTherMS project. According to a press release issued by Segula on 8 December, the Franco-German research project, InnoTherMS, is working on designing an innovative thermal management system for electric vehic...
    AutoTechInsight Weekly – 4 January 2021
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    UK, EU reach post-Brexit Trade and Cooperation Agreement
    The United Kingdom and the European Union (EU) have reached a Trade and Cooperation Agreement (TCA) on 24 December, just a week before the UK will officially exit the 27-nation bloc, according to a press release by the European Commission, the executive arm of the EU. Once ratified by both sides, th...
    AutoTechInsight Weekly – 28 December 2020
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    Ford recalls 31,756 vehicles in North America to inspect engine cover
    Ford is recalling 31,756 vehicles in North America to inspect the engine cover, the automaker announced in a press release on 21 December. The recall affects certain model year (MY) 2021 Ford E-Series vehicles for 7.3-liter engine cover thermal management. The recall covers approximately 29,344 vehi...
    22-Dec-2020 News Recalls
    AutoTechInsight Weekly – 21 December 2020
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    Indian automotive components industry’s turnover in H1 FY 2020/21 drops 34% y/y to USD15.9 billion
    The Indian automotive components industry’s turnover declined 34% year-over-year (y/y) to INR1.19 trillion (USD15.9 billion) in the first half of the financial year (FY) 2020/21, ended 30 September 2020, according to a press release by the Automotive Components Manufacturers’ of India (ACMA) on ...
    Sogefi sells filtration business in Brazil to Eagle Holdings
    Sogefi has inked a binding agreement to sell its Brazilian Filtration business to SA Eagle Holdings, the company announced in a press release on 17 December 2020. Enterprise value for the transaction is estimated around EUR2.3 million (USD2.8 million). The company expects the transaction to close by...
    External transmission oil coolers to remain in demand despite rising electrification
    The power output of automobiles covers a broad spectrum, but the power and torque outputs of the engine do not matter if it cannot be transmitted to the wheels efficiently and with minimal losses. This is where a well-engineered transmission unit comes into effect. As with the case of other componen...
    Electrically driven water pump market poised for robust growth
    An internal combustion (IC) engine generates a significant amount of heat during its operation. This excess heat needs to be dissipated or removed to keep the vehicle’s components at their optimum operating temperature, so as to maximize overall efficiency. Since the introduction of the water-cool...
    Suppliers to the new Subaru Legacy
    The seventh-generation Subaru Legacy is assembled at Subaru's facility in Lafayette #1, United States. According to IHS Markit production forecasts, output of the new generation Subaru Legacy from the plant is expected to peak in 2021 at over 29,000 units. If you would like your company ...
    AutoTechInsight Webinar: The Rise of Domain Controllers in the Next Decade
    Watch an on-demand replay now AutoTechInsight Webinar: The Rise of Domain Controllers in the Next Decade Domain controllers are a breed of power ECU that has emerged in the past few years, e.g. with Aptiv’s ZFAS Autonomy Domain Controller (ADC) equipping the Audi A8 in 2017 or Visteon...
    16-Dec-2020 News Webinars
    TI Fluid Systems to supply thermal coolant fluid carrying systems for Hyundai EVs
    TI Fluid Systems, a leading global supplier of automotive fluid systems technology, announced that it will provide thermal coolant fluid carrying loops for a large family of Hyundai, Kia, and Genesis brand vehicles, according to a company press release on 15 December 2020. The company will initially...
    Veoneer to provide fourth-generation thermal sensing system for Cadillac Escalade
    Veoneer has commenced production of its fourth-generation thermal sensing system, called Night Vision, according to a company press release on 14 December. The new thermal sensing system will be featured first on the 2021 Cadillac Escalade. Veoneer's thermal camera is integrated into the front ...
    AutoTechInsight Weekly – 14 December 2020
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    Gentherm to hire more than 250 workers at Celaya plant in Mexico
    Gentherm, a major player in thermal management technologies for heating, cooling, and temperature control in seats, steering wheels, and cup holders, has announced plans to hire more than 250 workers at its Celaya plant in Mexico, according to a report by Cluster Industrial on 9 December. Signifi...
    14-Dec-2020 News Investments
    BMW conducts final winter testing of all-electric iX
    BMW is conducting final winter testing of its all-electric iX sport activity vehicle (SAV) ahead of its scheduled market launch in 2021, the company said in a press release on 9 December. The German carmaker is carrying out endurance test of the new electric vehicle (EV) under extreme cold weather i...
    11-Dec-2020 News New Products
    Ricardo wins funding from UK OLEV to develop advanced thermal management for electrified vehicles
    Ricardo has won funding of GBP190,000 (USD253,738) from the UK’s Office of Low Emissions Vehicles (OLEV), through a partnership with Innovate UK, to develop advanced thermal management for electrified vehicles, the company announced in a press release on 8 December. Ricardo will use the funding to...
    AutoTechInsight Weekly – 7 December 2020
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    Faraday Future partners with MIVOLT for battery cooling system for FF91
    Electric vehicle (EV) startup has partnered with MIVOLT for a fully submerged battery cooling system for the FF 91 luxury EV, the company announced in a press release on 2 December. MIVOLT will provide FF with advanced dielectric coolant materials that will support FF’s existing patented liquid ce...
    SAIC GM to recall more than 640,000 vehicles in China to replace brake hoses
    SAIC General Motors Corporation Limited (SAIC GM) is recalling 649,357 vehicles in China over brake hose issue, according to recall announcement on the website of the State Administration for Market Regulation of China (SAMR) on 27 November. The recall affects certain model year (MY) 2015–18 Buick...
    02-Dec-2020 News Recalls
    Modine appoints Neil Brinker as new president, CEO
    Modine Manufacturing Company, a diversified major player in thermal management technology and solutions, has appointed Neil D. Brinker as the company's new president and CEO, according to a company press release on 30 November 2020. The appointment is effective 1 December 2020. In August 2020, Thoma...
    Hanon supplies R744 heat pump components for Volkswagen's MEB platform
    Thermal and energy management components supplier Hanon Systems has announced that it will be supplying its R744 heat pump components to the Volkswagen (VW) Group for its global MEB platform. According to a press release issued by Hanon Systems on 30 November, the company stated that these...
    AutoTechInsight Weekly – 30 November 2020
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    Turkey-based supplier TEKLAS to open new HQ, manufacturing facility in Georgia, US
    TEKLAS, a global automotive fluid circulation system supplier for major automakers, will invest USD6.5 million in opening its first North American facility and headquarters in Gordon County in the United States, according to a press release on the official website of Georgia Department of Economic D...
    30-Nov-2020 News Investments
    AutoTechInsight Weekly – 23 November 2020
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    FCA recalls 5,450 vehicles in Canada to replace EGR cooler
    Fiat Chrysler Automobiles (FCA) is recalling 5,450 vehicles in Canada to replace the exhaust gas recirculation (EGR) cooler, according to a recall notice on the website of Transport Canada on 18 November. The recall involves certain model year (MY) 2014–19 Jeep Grand Cherokee vehicles. Signific...
    20-Nov-2020 News Recalls
    Suppliers to the new BMW X7
    The first-generation BMW X7 is assembled at BMW's facility in Kaliningrad, Russia. According to IHS Markit production forecasts, output of the new generation BMW X7 from the plant is expected to peak in 2021 at over 2,200 units. If you would like your company included in this feature or ...
    German government to provide additional USD3.56 billion support for auto industry
    The German government has announced that it will be providing a further EUR3 billion (approximately USD3.56 billion) in support to the German automobile industry, which has been struggling. According to a report filed by Germany-based news channel Deutsche Welle on 18 November, this will bring the t...
    Sanhua to invest USD180 million in new plant in Mexico
    Sanhua México has announced plans to invest USD180 million to build a new plant in Mexico, according to a report by Mexico Now on 13 November. The new plant will be located in the state of Coahuila and is expected to create 700 jobs. It is scheduled to start production of automotive components...
    18-Nov-2020 News Investments
    Continental expands plastics expertise at tech centers in Germany
    Germany-based automotive components and systems supplier, Continental, has announced that it will be expanding its plastics expertise at three specialist tech centers located in Hamburg, Kohren-Sahlis, and Hann. Münden. According to a press release issued by Continental on 16 November, this will re...
    17-Nov-2020 News New Products
    AutoTechInsight Weekly – 16 November 2020
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    Heat recovery system fitment to be driven by D-segment vehicles in the medium-term
    Automotive OEMs need to make more effort to improve the overall efficiency of their model range, and this fact is more emphatic in the case of electric vehicles because of their limited driving range. Automobiles have always had the necessity to dissipate excess heat, and the A/C heater core was one...
    AutoTechInsight Webinar: New Challenges Posed by Electrification on Thermal Systems
    Watch an on-demand replay now AutoTechInsight Webinar: New Challenges Posed by Electrification on Thermal Systems Despite light vehicle production and sales disruption generated by the COVID-19 crisis, electrified propulsion has been suffering significantly less compared to traditional engine ...
    11-Nov-2020 News Webinars
    Rheinmetall’s consolidated sales falls 7% y/y to USD4.76 billion in January–September 2020
    Germany-based components and systems supplier, Rheinmetall, has published its financial results for the January–September period of 2020. According to a press release issued by Rheinmetall on 6 November, the company announced that it recorded consolidated sales during the first nine months of 2020...
    AutoTechInsight Weekly – 9 November 2020
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    TI Fluid Systems supplies thermal technology for VW ID.3 And ID.4 EVs
    TI Fluid Systems, a global supplier of automotive fluid systems technology, has announced that it has commenced high volume production of new thermal products, assemblies, and technology for the new Volkswagen ID.3 and ID.4 battery electric vehicles (BEVs). According to a press release issued b...
    Modine Q2 2020 net sales slip 7.76% y/y to USD 461.4 million
    Automotive thermal solutions supplier, Modine, has announced its financial results for the second quarter of this year. According to a press release issued by Modine on 5 November, the company posted net sales of USD461.4 million, which implies an 7.76% year-over-year (y/y) reduction from the USD500...
    Freudenberg develops cabin air filters to counter virus-laden aerosols
    Germany-based components and systems supplier, Freudenberg, has introduced four-layer cabin air filters that has the ability to filter out around 90% of virus-laden aerosols. According to a press release issued by Freudenberg on 30 October, the company stated that the fourth layer in these new filte...
    06-Nov-2020 News New Products
    DIVESTMENT: Modine signs agreement to sell majority of automotive business to Dana
    Thermal management technology and solutions provider, Modine Manufacturing Company, has announced that it has signed a definitive agreement with Dana Incorporated to sell the liquid-cooled portion of its automotive business. According to a press release issued by Modine on 2 November, the company st...
    AutoTechInsight Weekly – 2 November 2020
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    Rheinmetall secures new business for electric gas pump
    German automotive components and systems supplier, Rheinmetall Automotive, has been awarded new business for its newly developed electric gas pump for tank systems, the Electrical Vapor Pump, worth EUR350 million (approximately USD407.21 million). According to a press release issued by Rheinmetall o...
    Denso’s H1 revenue falls 20.8% y/y to USD19.6 billion
    Denso has reported a drop of 20.8% year-on-year (y/y) in revenues to JPY2 trillion (USD19.6 billion) for the first six months ended 30 September 2020, according to a company press release on 29 October. The company posted an operating loss and a net loss of JPY69.6 billion and JPY71.1 billion, respe...
    Gentherm’s Q3 2020 revenue climbs 8.1% y/y to USD259.5 million
    Thermal management technology supplier Gentherm has published its financial results for the third quarter of 2020. According to a press release issued by Gentherm on 29 October, the company posted product revenues of USD259.5 million during the third quarter 2020 period, which represe...
    Valeo’s CEO Jacques Aschenbroich to step down after 2021
    Valeo’s existing CEO Jacques Aschenbroich will retire from the post on 31 December 2021, according to a company press release on 27 October. Christophe Périllat, who is currently acting as chief operating officer of Valeo, will succeed Aschenbroich as CEO starting in January 2022. Also, Jacques A...
    Valeo’s Q3 2020 sales fall 8% y/y to USD5.1 billion
    Valeo’s net sales fell 8% year-on-year (y/y) to EUR4.4 billion (USD5.1 billion) for the third quarter ended 30 September 2020, according to a company press release on 27 October. Original equipment (OE) sales totaled EUR3.7 billion, a decline of 7% y/y. In terms of business groups, sales of Com...
    Sogefi's revenue falls 8.1% y/y to USD339.2 million in Q3
    Sogefi has reported a fall of 8.1% year on year (y/y) in its revenue to EUR341.1 million (USD404.3 million), for the third quarter ended 30 September 2020, according to a company press release on 23 October. EBIT for the quarter increased by 19.8% y/y to EUR15.6 million, and total net income witness...
    AutoTechInsight Weekly – 26 October 2020
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    Mahle to acquire air conditioning business of Japanese supplier Keihin
    Mahle has inked a purchase agreement to acquire Keihin Corporation’s air conditioning business in Japan, Thailand, and the United States, the former announced in a press release on 23 October 2020. The implementation of the agreement, which is expected in the first quarter of 2021, requires the ap...
    Continental develops synthetic modular coupling for automotive thermal management
    Continental and system supplier aft automotive’s joint venture (JV), JoinPlas, has won the Materialica Design + Technology Award for its synthetic modular coupling system for thermal management in vehicles. According to a press release issued by Continental on 21 October, the company stated that t...
    ACQUISITION: VOSS Group acquires HENZEL Automotive to strengthen presence in thermal management systems
    German automotive components supplier, VOSS Automotive, has announced its acquisition of Henzel Automotive GmbH. According to a press release issued by the Voss Group on 19 October, this will complement the Group’s development and production competencies in the automotive thermal management s...
    AutoTechInsight Weekly – 19 October 2020
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    AutoTechInsight Webinar: Chassis Market Evolution - A Regional Comparison
    Watch an on-demand replay now AutoTechInsight Webinar: Chassis Market Evolution - A Regional Comparison The chassis team will present an overview of the main trends within the chassis sector, discussing how market and technology movements, along with COVID-19, are having an impact on...
    14-Oct-2020 News Webinars
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