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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
    Sumitomo Chemicals to set up new polypropylene compounds plant in mainland China
    Sumitomo Chemical is setting up a new polypropylene (PP) compound plant in Wuxi, Jiangsu Province, in mainland China, the company announced in a press release on 15 September. The new plant is scheduled to start operating at the beginning of 2021. “Setting up the Wuxi Plant as our fifth produ...
    25-Sep-2020 News Investments
    Webasto presents joint projects with startups at Startup Autobahn’s EXPO 8
    Webasto displayed joint projects with startups at EXPO 8 of the open innovation platform "Startup Autobahn", according to a company press release on 23 September 2020. Webasto said innovations developed with three startups focused on convertible roof systems. Webasto, in partnership with ‘Imagi...
    25-Sep-2020 News New Products
    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
    Maserati to use Alcantara in all-new MC20 supercar’s interior
    Maserati is planning to use Alcantara in the all-new MC20 supercar’s interior, Alcantara S.p.A announced in a press release on 22 September. The premium material will be used for seating, as well as on its headliner, door pillars, side panels, steering wheel, and instrument panel. The new MC20 is ...
    CATL invests USD6.4 million in Neo Lithium for lithium mining project in Argentina
    Mainland Chinese battery maker Contemporary Amperex Technology (CATL) has invested CAD8.5 million (USD6.4 million) in Neo Lithium for its ‘3Q’ lithium mining project in Argentina, Neo Lithium announced in a press release on 14 September. CATL will receive 10,217,502 common shares, representing 8...
    22-Sep-2020 News Investments
    AutoTechInsight Weekly – 21 September 2020
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    Sumitomo Bakelite develops plant-based phenolic resin for automotive applications
    Sumitomo Bakelite has developed a new plant-based solid novolac phenolic resin for automotive applications, according to a report by Plastics Today on 8 September. The new material, which the company manufactures on a commercial basis, uses lignin as a raw material. Sumitomo Bakelite said the new ma...
    21-Sep-2020 News New Products
    Blackstone Resources develops 3D-printed Li-ion solid-state batteries
    Blackstone Resources has developed 3D-printed lithium ion solid-state batteries, according to a company press release on 16 September 2020. The company’s German subsidiary, Blackstone Technology's 3D-printing process offers substantial advantages over conventional battery cell design that use liqu...
    18-Sep-2020 News New Products
    PPG receives funding from DOE for development of coatings for Li-ion batteries
    PPG has received funding for the United States Department of Energy (DOE) for research into the use of two versatile, high-output processes in the production of lithium-ion (Li-ion) battery electrodes, the company announced in a press release on 16 September. PPG will conduct the USD2.2 million-proj...
    ACQUISITION: HELLA acquires plastics technology specialist FWB Kunststofftechnik
    HELLA GmbH & Co. KGaA has acquired Germany-based plastics technology specialist FWB Kunststofftechnik GmbH (FWB), according to a HELLA press release on 15 September 2020. HELLA already has a 25% stake in FWB. With the complete takeover, which took place on 14 September 2020, HELLA intends to sec...
    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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    Royal DSM develops glass-filled polypropylene material for 3D printing
    Royal DSM has developed a new glass-filled polypropylene material ‘Arnilene AM6001 GF’ for extrusion-based 3D printing, with application in various industries, including automotive, news website 3D Printing Industry reported in late August. "Developed by our experts, Arnilene AM6001 GF offers in...
    14-Sep-2020 News New Products
    FlexEnable, UK develops liquid crystal cells for smart windows
    FlexEnable has developed liquid crystal cells, a glass-free organic LCD (OLCD) technology for automotive smart windows, UK-based company announced in a press release on 2 September. FlexEnable’s core display technology comprises an organic transistors backplane and a liquid crystal frontplane, eac...
    14-Sep-2020 News New Products
    Volkswagen partners with RCS Global to ensure responsible battery material sourcing
    Volkswagen (VW) has partnered with RCS Global for auditing suppliers for conformance with human rights, safe working conditions, and environmental protection along the battery raw material supply chain all the way back to the mines, the automaker announced in a press release on 10 September. VW said...
    thyssenkrupp, Hyundai develop CFRP aluminum hybrid wheel
    In a press release dated 10 September, thyssenkrupp Carbon Components, a subsidiary of thyssenkrupp, announced that it has developed a carbon fiber–reinforced polymer (CFRP) aluminum hybrid wheel in cooperation with Hyundai Motor Europe Technical Centre (HMETC). The project was executed using thys...
    11-Sep-2020 News New Products
    AGC supplies curved large cover glass for new 2021 Cadillac Escalade
    AGC is supplying its curved-large cover glass for car-mounted displays for Cadillac's model year 2021 Escalade, the Japanese supplier announced in a press release on 10 September. AGC’s Dragontrail™ is a specialty glass receptive to chemical strengthening that has been enhanced with chemical rei...
    Grupo Antolin’s H1 2020 sales down 42% y/y to USD1.7 billion
    Grupo Antolin has reported a decline of 42% year on year (y/y) in sales to EUR1.5 billion (USD1.7 billion) for the first six months ended 30 June 2020, according to a company press release on 10 September. The fall in sales resulted in a 77% y/y drop in EBITDA to EUR52 million. The company’s sa...
    Dürr partners with Techno Smart for EV battery manufacturing technology
    Dürr is partnering with Techno Smart, a leading Japanese manufacturer of coating systems, Dürr said in a press release on 4 September 2020. The company covers all relevant technologies for coating electrodes for lithium-ion batteries. “With Techno Smart as our cooperation partner, we want to ...
    Karlsruhe Institute of Technology unveils EPIC project for optimizing battery production
    Karlsruhe Institute of Technology (KIT) has unveiled a new project for optimizing battery production, called ‘EPIC’, KIT announced in a press release on 2 September. The EPIC project aims at accelerating the drying of high-quality electrodes for lithium-ion (Li-ion) batteries, increasing the ene...
    FCA recalls 160,229 vehicles in US to modify driver's floormat
    Fiat Chrysler Automobiles (FCA) is recalling 160,229 vehicles in the United States to modify driver's floormat, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website on 27 August. The recall covers certain model year (MY) 2019–20 Ram 1500 vehicles equip...
    09-Sep-2020 News Recalls
    BASF develops new automotive refinish coatings
    BASF’s Coatings division has developed a new, advanced refinish product line for automotive applications, according to a company press release on 7 September. The company claims that its new coating meets the highest expectations of modern body shops. The new basecoat line including all additional...
    09-Sep-2020 News New Products
    FoamPartner develops new foam technology for vehicle interiors
    FoamPartner has developed new OBoNature™ foam technology based on sustainable raw materials for next-generation automotive interiors, the company said in a press release on 31 August. The new advanced foam solutions are ideal for headliners, interior trim and seating applications. OBoNature™ pro...
    08-Sep-2020 News New Products
    NSK develops ultra-high-speed ball bearings for EV motors
    NSK has developed a new ball bearing for use in traction motors of electric and hybrid vehicles, the company announced in a press release on 7 September. The new bearings can allow electric motors to operate at higher speeds, while improving fuel economy, thanks to reduced power consumption per unit...
    08-Sep-2020 News New Products
    Trelleborg develops sealing solutions for EVs
    Trelleborg has developed sealing solutions to meet demanding requirements electric vehicles (EVs), according to a company press release on 3 September. Trelleborg’s HiSpin® PDR RT and HiSpin® HS40 are designed with e-axle technology in mind. The rotary seals are engineered to effectively run at ...
    08-Sep-2020 News New Products
    3D printing startup Azul 3D raises USD4.6 million in seed funding
    3D printing startup Azul 3D has raised USD4.6 million in seed financing, according to a report by 3DPrint.com on 27 August. Investors for this round of funding included former Berkshire Hathaway manager Louis A. Simpson, former 3D Systems chairperson Wally Loewenbaum, and former Stratasys Direct Man...
    INVESTMENT: Dongwha to build new unit in Hungary to produce battery electrolyte
    South Korean materials company Dongwha will set up a new plant for producing battery electrolyte in Sóskút, Hungary, the Hungarian Investment Promotion Agency reported on 3 September. Dongwha will also set up another unit for N-methyl-2-pyrrolidone (NMP) solvent recycling in the country. The compa...
    07-Sep-2020 News Investments
    AutoTechInsight Weekly – 7 September 2020
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    Nissan develops new production process for carbon fiber
    Nissan Motors has developed a new production process for manufacturing carbon fiber reinforced plastics (CFRP), the company announced in a press release on 3 September. The new process is expected to speed up the development of car parts made from CFRP. Nissan aims to use the new process to mas...
    INVESTMENT: Interior and exterior modules supplier SMP plans to open new plant in Serbia
    German car parts manufacturer Samvardhana Motherson Peguform (SMP), a member of Motherson Group, plans to open a new plant in the Dobricevo industrial zone of Cuprija, in central Serbia, the Cuprija city government said in a press release on 28 August. The plant will be built on a 44-hectare land pl...
    03-Sep-2020 News Investments
    Terrafame raises new funding for battery chemicals plant in Finland
    In a press release dated 28 August, Terrafame announced that it has entered into an agreement with its owners Finnish Minerals Group, Trafigura Group’s private investment arm Galena Asset Management (Galena) and Sampo plc, to raise funding for its  upcoming battery chemicals plant in Finland....
    EVs to account for 79% of lithium demand by 2030, says Chilean state mining agency Cochilco
    The electric vehicle (EV) industry is expected to drive the demand for lithium by 2023, according to a Reuters report on 27 August citing Chilean state mining agency, Cochilco. The agency said that lithium will account for more than three quarters of the ultralight battery metal’s consum...
    Fortune Nickel and Gold to buy mining rights in Canada to enter battery metals supply chain
    Fortune Nickel and Gold Inc. (Fortune), a wholly owned subsidiary of Here To Serve Holding Corp. (HTSC), has signed an agreement to purchase mining claims in the Canadian nickel-rich area near Timmins, according to a company press release on 1 September 2020. "We have been working with experts in...
    Volkswagen uses Röhm’s PLEXIGLAS® molding compounds for ID.3’s lighting design
    Volkswagen used Röhm’s PLEXIGLAS® molding compounds for its ID.3’s lighting design, according to a press release by Röhm on 1 September. Röhm’s PLEXIGLAS® Resist AG 100 is used in the light strip cover of the model. This special molding compound is impact-resistant and boasts higher heat ...
    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
    Continental to expand restructuring program, 30,000 jobs to be affected globally
    German automotive components and systems supplier, Continental, has announced that it is expanding the Transformation 2019–29 structural program it initiated in 2019 with additional measures to cut costs and increase efficiency. According to a press release issued by Continental on 1 September, th...
    Panoramic sunroof to lead growth of glass in automotive
    Automotive glass is considered by many as one of those components that have not undergone a lot of technological change over the years, especially in terms of its applications. This perception is all set to change in the next decade, as glass is expected to play a key role in improving the user inte...
    FCA recalls 160,200 vehicles in US over issue with all-weather floormats
    Fiat Chrysler Automobiles (FCA) is recalling approximately 160,200 vehicles in the United States over issue with all-weather floormats, according to a recall notice on the website of National Highway Traffic Safety Administration (NHTSA). The recall covers certain model year (MY) 2019–20 Ram 1500 ...
    01-Sep-2020 News Recalls
    M&A: Shiloh enters stock and asset purchase agreement with Grouper Holdings
    Shiloh Industries, Inc., a global supplier of lightweighting, noise and vibration solutions, has entered into a ‘stalking horse stock and asset purchase agreement’ with Grouper Holdings, LLC, a subsidiary of MiddleGround Capital LLC, Shiloh announced in a press release on 30 August 2020. As per ...
    Johnson Matthey raises EUR135 million for new battery material plant in Poland
    Johnson Matthey has raised EUR135 million (USD159.6 million) in loans from Poland’s European Bank for Reconstruction and Development (EBRD) and KfW IPEX-Bank for its new battery material plant in Konin, Poland, the company announced in a press release on 28 August. The joint financing comprises a ...
    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...
    Toyoda Gosei supplies weatherstrip for the new Lexus LC 500 Convertible
    Toyoda Gosei Co., Ltd. is supplying weatherstrips for new Lexus LC 500 Convertible, which was launched in July 2020, the Japanese supplier said in a press release 28 August 2020. Toyoda Gosei supplies 34 weatherstrips of 20 different types for use on the doors, luggage compartment, hood, and elsewhe...
    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
    Mercedes-Benz recalls 806 vehicles in Canada to inspect rear spoilers
    Mercedes-Benz has issued a recall of 806 vehicles in Canada to inspect the rear spoiler, according to a recall notice on the Transport Canada website on 17 August. The recall affects model year 2020 Mercedes-Benz GLB Class vehicles. Significance: In the subject vehicles, the rear spoiler mig...
    28-Aug-2020 News Recalls
    US Securities and Exchange Commission charges BorgWarner for misstating financial statements
    The US Securities and Exchange Commission (SEC) has settled charges against BorgWarner Inc., a motor vehicle parts manufacturer headquartered in Michigan, United States, for materially misstating its financial statements by failing to account for certain asbestos liabilities, according to a press re...
    Autoneum develops new vehicle acoustics solution ATLAS
    Autoneum has developed a new vehicle acoustic solution called "ATLAS," short for Airborne Transmission Loss Analysis System, the company announced in a press release on 27 August. ATLAS measures the acoustic insulation and transmission loss of components such as carpets, inner dashes, and floor insu...
    28-Aug-2020 News New Products
    Covestro develops a premium concept vehicle with innovative material solutions for the interior
    Covestro, along with its partners, has developed a premium concept vehicle with innovative material solutions for the interiors, the company announced in a press release on 27 August. The concept was showcased at the K 2019 plastics fair in Germany. “In particular, a high-quality and individual...
    3D printing startup Desktop Metal to go public through merger with Trine Acquisition Corp.
    US-based 3D printing startup Desktop Metal is set to go public through a business combination with Trine Acquisition Corp., the company announced in a press release on 26 August. Combined company will have an estimated post-transaction equity value of up to USD2.5 billion. The transaction with Trine...
    27-Aug-2020 News Mergers
    DURA Automotive to open new plant in US to produce EV battery trays
    Michigan-based DURA Automotive Systems has announced plans to invest USD59 million to open a new manufacturing facility in Muscle Shoals in the US State Alabama to produce battery trays for electric vehicles (EVs), according to a press release on Alabama Department of Commerce’s Made in Alabama we...
    27-Aug-2020 News Investments
    Mafic USA and The Materials Group collaborate on use of basalt fiber in automotive industry
    Mafic USA and The Materials Group (TMG) have partnered to increase the use of basalt fiber compounded into injection molded thermoplastics within the automotive industry, according to a company press release on 26 August. Recently, Mafic began operations at its basalt fiber production facility in...
    Hexagon to supply hydrogen tanks to automaker in Northeast Asia for fuel cell SUV
    In a press release dated 20 August, Hexagon Composites announced that it will supply composite hydrogen cylinders to an automaker in Northeast Asia. The tank will be equipped in the automaker’s current zero-emission fuel cell electric sport utility vehicle (SUV). The cylinders will be installed in...
    US DOE grants USD15 million to 13 projects for battery manufacturing innovations
    The United States Department of Energy (DOE) has granted USD15 million to 13 projects for battery manufacturing innovations, DOE announced in a press release on 24 August. The program will be jointly-funded by DOE’s Office of Energy Efficiency and Renewable Energy's (EERE’s) Advanced Manufacturi...
    McLaren unveils lightweight vehicle architecture for hybrid supercars
    McLaren Automotive confirmed the introduction of the brand’s all-new, flexible, lightweight vehicle architecture which will form the underpinnings of McLaren’s next generation of electrified supercars. According to a press release issued by McLaren on 25 August, the company states that this new ...
    26-Aug-2020 News New Products
    India-based Epsilon Carbon to produce carbon products for anode components of lithium-ion batteries
    Epsilon Carbon is set to develop and produce high performance carbon products for anode components of lithium-ion (Li-ion) batteries, the company announced in a press release on 24 August. Epsilon Advanced Materials has commissioned production in India to produce 5,000 tonnes of anode material annua...
    25-Aug-2020 News Investments
    SPIN-OFF: Hexagon Composites to spin off e-mobility business into a new company
    Hexagon Composites is planning to spin off and list its e-mobility business into a new entity, called Hexagon Purus, the company announced in a press release on 24 August. The Private Placement will allow the e-mobility Business to be listed with the required capital to fund its initial development ...
    EV startup Sono Motors joins Fair Cobalt Alliance
    Electric vehicle (EV) startup Sono Motor has joined Fair Cobalt Alliance to drive fairer supply of cobalt by improving the conditions in small-scale mining in the Democratic Republic of Congo, the company announced in a press release on 24 August. Through the support of the alliance, Sono Motors wan...
    3M’s Q2 sales fall 12.2% y/y to USD7.2 billion
    3M has reported a 12.2% year-on-year (y/y) decline in revenues to USD7.2 billion for the second quarter ended 30 June 2020, according to a company press release on 28 July. Operating income for the quarter grew 2.2% y/y to USD1.7 billion and net income rose 14.4% y/y to USD1.3 billion. The compan...
    AutoTechInsight Weekly – 24 August 2020
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    Indian government holds discussion with automotive industry representatives to boost localization
    The Indian government held discussion with various automotive industry representatives to discuss ways to reduce imports in the automobile industry and increase localization of auto components, according to a report by The Economic Times on 22 August. The meeting focused on the possibilities of incr...
    Jaguar Land Rover develops innovative recycling process to upcycle aluminum
    Jaguar Land Rover (JLR) has developed an innovative recycling process to upcycle aluminum waste from drinks cans, bottle tops and end-of-life vehicles into premium cars of the future, the automaker announced in a press release on 21 August 2020. The automaker developed this process under its ‘REAL...
    24-Aug-2020 News New Products
    Ansteel and BYD partner for NEV lightweighting
    Ansteel and BYD have signed a strategic agreement to develop new energy vehicles (NEVs) that are lightweight and have high strength, news website seetao.com reported on 14 August, citing an announcement from China Metallurgical. The companies will also work together on green environmental prote...
    SPIN-OFF: Alfa’s shareholders approve spin-off of Nemak
    Nemak, S.A.B. de C.V. has announced that shareholders of its parent company Alfa S.A.B. de C.V. have approved a proposal to spin off its entire ownership stake in Nemak, S.A.B. de C.V., according to a company press release on 17 August. The proposal includes transfer Alfa’s entire share ownership ...
    BASF receives funding from German government for battery material production
    BASF has received funding from the German government for battery material production, according to a press release on the official website of the Federal Ministry for Economic Affairs and Energy (BMWi) on 19 August. The federal and state governments will jointly grant BASF around EUR175 million (abo...
    Mercedes-Benz recalls 10,600 vehicles in US to replace rear spoiler
    Mercedes-Benz has issued a recall of nearly 10,600 vehicles in the United States to replace rear spoiler, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website. The recall covers certain model year (MY) 2020 Mercedes-Benz GLB250 sport utility vehicles (SU...
    21-Aug-2020 News Recalls
    Chery recalls 190,352 vehicles in mainland China to install water-resistant cover over ECU
    Mainland Chinese automaker Chery Automobile Co has recalled 190,352 vehicles in mainland China to install water-resistant cover over electronic control unit (ECU), Xinhua reported on 10 August, citing quality watchdog State Administration for Market Regulation (SAMR). The recall covers Tiggo 5 ...
    20-Aug-2020 News Recalls
    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
    Varroc’s Q2 revenue falls 55.5% y/y to USD169.1 million
    Varroc Engineering has reported a decline of 55.5% year on year (y/y) in revenue from operations to INR12.7 billion (USD169.1 million) for the first quarter ended 30 June 2020, according to a regulatory filing on 14 August. Net loss for the quarter stood at INR2.9 billion compared with net profit of...
    Terrafame's battery chemical plant in Finland to be operational in 2021
    Terrafame is planning to start operations at its new battery chemical plant in Finland in 2021, the company announced in a press release on 13 August. With the current battery chemistries in use, the plant’s nickel sulphate capacity and the cobalt sulphate capacity will be enough for approximately...
    18-Aug-2020 News Investments
    Metal suppliers in Japan expects higher growth amid improving vehicle demand
    Metal suppliers in Japan, including automotive aluminum and steel manufacturers, are expecting a gradual pickup in demand, driven by recovery in vehicle production after a sharp decline in April–June 2020 quarter due to the COVID-19 pandemic, Reuters reported on 17 August. However, these companies...
    18-Aug-2020 News COVID-19
    BASF's sales fall 12% y/y to USD14.2 billion in Q2
    BASF has reported a decline of 12% year on year (y/y) in its sales to EUR12.6 billion (around USD14.2 billion) for the second quarter ended 30 June 2020, according to a company press release on 29 July. Income from operations (EBIT) declined 88% y/y to EUR59 million. The company posted net loss for ...
    Axalta's sales fall 43.6% y/y to USD652.7 million in Q2
    Axalta Coating Systems’ net sales decreased 43.6% year on year (y/y) to USD652.7 million in the second quarter ended 30 June 2020, the company said in a press release on 29 July. Net loss for the quarter was USD82.8 million, and loss from operations amounted to USD64.5 million, compared with net i...
    AutoTechInsight Weekly – 17 August 2020
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    Nissan migrates high-performance computing workloads to Oracle Cloud Infrastructure
    Oracle has announced that Nissan Motor will be migrating its high-performance computing (HPC) workloads to Oracle Cloud Infrastructure, a company press release read on 11 August. By moving its performance and latency sensitive-engineering simulation workloads to Oracle Cloud, Nissan will be able to ...
    KSM Castings to lay off 400 employees in Germany as part of planned restructuring
    KSM Castings Group GmbH, one of the leading automotive suppliers of lightweight aluminum and magnesium cast components for chassis, transmissions, and engines, has announced that the company will adjust personnel capacities in Germany as part of a planned restructuring, the company said in a pr...
    Borealis’s Q2 net sales slip by 28.4% y/y to USD1.7 billion
    Borealis has reported a fall of 28.4% year on year (y/y) in its net sales to EUR1.5 billion (USD1.7 billion) for the second quarter ended 30 June 2020, according to a company press release on 6 August. Total sales for the quarter stood at EUR1.9 billion, down 26.8% y/y. Net income during the period ...
    DIVESTMENT: LANXESS to sell organic leather chemicals business to TFL
    German specialty chemicals company LANXESS is selling its organic leather chemicals business to TFL Ledertechnik GmbH, a global supplier of leather chemicals, according to a LANXESS press release on 13 August. The two companies signed an agreement to this effect on 12 August 2020. The purchase price...
    Lumax Industries’ Q1 revenues decline 80.6% y/y to USD10.3 million
    Lumax Industries has reported an 80.6% year-on-year (y/y) decline in revenue from operations to INR780 million (USD10.3 million) for the first quarter ended 30 June 2020, according to a company press release on 12 August. Loss before tax for the period was INR534.7 million, compared with profit befo...
    PPG partners with US DOE lab for energy-saving automotive paints and coatings
    PPG Industries has announced that it is partnering with the US Department of Energy (DOE) Lawrence Berkeley National Laboratory (LBNL) for a research project that aims to develop energy-efficient coating systems for the automotive industry, PPG said in a press release on 13 August. The PPG proj...
    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...
    AAM’s Q2 2020 sales slide 69.7% y/y to USD515.3 million
    American Axle & Manufacturing Holdings (AAM) has reported a 69.7% year-on-year (y/y) slump in second quarter sales at USD515.3 million, the company said in a press release on 31 July. Net loss came in at USD212.2 million compared with a profit of USD52.7 million a year earlier. “AAM’s fin...
    Leoni’s Q2 sales down 46% y/y to USD673 million
    Leoni has posted a 46% year-on-year (y/y) fall in second quarter sales at EUR673 million, the company said in a press release on 12 August. Consolidated loss for the year expanded to EUR123 million from loss of EUR44 million a year earlier. Leoni said its business performance was significantly impac...
    Ford recalls 558,610 vehicles in North America to replace the front brake jounce hoses
    Ford has issued a safety recall in North America affecting 558,610 vehicles over issue with front brake jounce hoses, the automaker announced in a press release on 12 August 2020. The recall covers certain model year (MY) 2015–18 Ford Edge and 2016–18 Lincoln MKX vehicles, affecting 488,594 vehi...
    13-Aug-2020 News Recalls
    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...
    Bekaert’s H1 2020 consolidated sales slip 20% y/y to USD2.08 billion
    Belgium-based components supplier Bekaert, whose businesses include the rubber reinforcement segment, specialty businesses, and steel wire solutions, has announced its financial results for the first six months of this fiscal year. According to a company press release on 31 July, consolidated sales ...
    Henkel's H1 2020 sales fall 6% y/y to USD10.6 billion
    Henkel has reported sales of EUR9.5 billion (USD10.6 billion) for the first six months ended 30 June 2020, which is a fall of 6% year on year (y/y), according to a company press release on 6 August. Operating profit for the period was EUR1.2 billion, a decline of 27.5% y/y. Sales of Adhesive Technol...
    voestalpine’s Q1 2020 revenue drops 28.1% y/y to USD2.85 billion
    Austria-based manufacturer of automotive body-in-white components, voestalpine AG, has announced its financial results for the first quarter of 2020. According to a company press release on 5 August, the company posted a revenue of EUR2.4 billion (approximately USD2.85 billion), down 28.1% year-over...
    ElringKlinger Q2 2020 revenue slips 41.9% y/y to USD297.3 million
    German automotive components supplier, ElringKlinger, has announced its financial results for the second quarter of this year. According to a press release issued by ElringKlinger on 7 August, the company has posted a revenue of EUR252.2 million (approximately USD297.3 million). This implies a reduc...
    M&A: MiddleGround Capital acquires majority ownership in US supplier Dura Automotive
    MiddleGround Capital has acquired a majority stake in Dura Automotive Systems, the US-based supplier said in a press release on 6 August. The US-based private equity firm bought the stake in Dura from Bardin Hill Investment Partners. Dura Automotive specializes in highly-integrated mechatronic sy...
    Vibracoustic develops active hydraulic motor mount systems to improve NVH levels
    Germany-based anti-vibration systems and suspension systems supplier, Vibracoustic, has developed active motor mount systems to dampen vibrations resulting from the use of cylinder deactivation and higher combustion pressures for internal combustion engines (ICEs). In a press statement issued by ...
    11-Aug-2020 News New Products
    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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    Toyota partners with BASF for lightweighting MY 2021 Sienna
    BASF and Toyota have partnered to equip lightweighting solutions in the model year (MY) 2021 Sienna, BASF announced in a press release on 7 August.  BASF solutions have resulted in 30% weight reduction and 15% cost savings, compared to previous generation Sienna. The MY 2021 Sienna is scheduled...
    Hirschvogel invests in UK-based autonomy and e-mobility software startup Eatron
    ​​Germany-based Hirschvogel Automotive Group’s strategic investment subsidiary Hirschvogel Ventures has announced that it will invest over EUR1 million in UK-based autonomy and e-mobility software startup Eatron Technologies, the startup announced in a press release on 13 July. The two compani...
    10-Aug-2020 News Investments
    Magna’s Q2 2020 sales fall 57.6% y/y to USD4.2 billion
    Canada-based automotive components manufacturer Magna has reported a 57.6% year on year (y/y) in sales to USD4.2 billion for the second quarter ended 30 June 2020, according to a company press release on 7 August. Loss from operations before income taxes amounted to USD789 million compared with inco...
    SEAT opens new 3D-printing lab in Spain
    SEAT has opened a new 3D printing lab in Spain, the automaker announced in a press release on 28 July. The lab is located in the SEAT Prototype Development Centre at their main plant in Martorell in Barcelona, Spain. The lab has nine 3D printers ranging from multijet fusion technology and sinte...
    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...
    Continental’s Q2 sales decline 41% y/y to USD7.4 billion
    Continental’s sales declined 41.2% year over year (y/y) to EUR6.62 billion (USD7.4 billion) in the second quarter ended 30 June 2020, the Germany-based automotive supplier said in a press release on 5 August. Organic sales—sales adjusted for changes in the scope of consolation and the excha...
    Arconic's sales fall 38% y/y to USD1.2 billion in Q2 2020
    Arconic has witnessed a fall of 38% year on year (y/y) in its net sales to USD1.2 billion in the second quarter ended 30 June 2020, according to a company press release on 4 August. Arconic reported a net loss of USD92 million during the April to June quarter, as compared with a net income of U...
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