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    BASF to double production capacity of automotive refinish coatings at its Chinese plant
    BASF will construct a new facility for automotive refinish coatings in Jiangmen, Guangdong Province, in South China to enhance production capacity in the country, the company said in a press release on 5 December 2019. The new site is scheduled to start production in the first half of 2022. ...
    06-Dec-2019 News Investments
    Trelleborg reorganizes business segments to enhance profitability
    Sweden-based Trelleborg has announced that the company is implementing organizational changes to focus on select segments aimed at improving profitability, according to a company press release on 4 December. In the new organization, Trelleborg will consist of three business areas in place of the exi...
    SK Innovation partners with Glencore to source Cobalt for EV batteries
    SK Innovation has signed a long-term contract with Glencore to source up to 30,000 tonnes of cobalt contained in hydroxide between 2020 and 2025, Glencore announced in a press release on 4 December. The cobalt in this supply contract will be sourced from Glencore’s industrial mining operations loc...
    Ford, McDonald’s USA collaborate to convert coffee bean skin into car parts
    Ford Motor Company has entered into a collaboration with McDonald’s USA to convert coffee bean skin into vehicle parts such as headlamp housing, Ford announced in a press release on 4 December. The collaboration project also involves Varroc Lighting Systems, which supplies the headlamps, and Compe...
    Brose appoints Ulrich Schrickel new CEO effective 1 January 2020
    Brose Group has announced the appointment of Ulrich Schrickel as its new CEO, effective 1 January 2020, the company said in a press release on 3 December. Schrickel will replace Kurt Sauernheimer, who is retiring after serving the German automotive supplier for 32 years. “Ulrich Schrickel will lea...
    Lightweighting and electrification drive demand for adhesives and sealants
    The speed at which automakers have had to bring changes to their cars over the last decade has been unprecedented. Not only have the vehicles and the technologies used in them changed, but the materials used to build a vehicle and the process of manufacturing them have also undergone tremendous...
    Umicore acquires cobalt refining and cathode precursor activities in Finland from Freeport Cobalt
    Umicocre has acquired the cobalt refining and cathode precursor activities from Freeport Cobalt in Finland, the company announced in a press release on 2 December. Umicore has invested USD203 million on a debt and cash free basis, including approximately USD50 million of net working capital. Umicore...
    SupplierInsight Weekly – 25 November 2019
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    Audi collaborates with suppliers for CO2 reduction through more efficient procurement
    Audi is working with its suppliers to reduce carbon dioxide (CO2) through more efficient procurement of raw materials used in production of vehicles, the company said in a press release today. In 2018, the German carmaker conducted 30 workshops with its suppliers to develop 50 measures which in tota...
    Ecopro BM partners with Blackstone Minerals for battery materials
    South Korean battery cathode  maker Ecopro BM has partnered with Blackstone Minerals for battery materials for lithium-ion batteries, Blackstone Mineral announced in a press release today (2  December). Ecopro BM and Blackstone have signed a non-binding Memorandum of Understanding (MOU) un...
    Freudenberg to acquire materials company Filc
    German technology company Freudenberg has signed an agreement to fully acquire materials company Filc, the company announced in a press release on 27 November. Filc is a manufacturer of needle punch nonwoven textiles and laminated materials, with a focus on the automotive and construction industries...
    Solvay to double its Solef PVDF capacity in China
    Solvay announced plans to double its production capacity of the high-performance polyvinylidene fluoride (PVDF) polymer Solef® at its production site in Changshu, China, according to a company press release on 26 November 2019. The company expects the new production site to come onstream by the fir...
    29-Nov-2019 News Investments
    European Commission clears acquisition of Cattierite by Umicore
    European Commission (EC) has approved Umicore’s acquisition of the Netherlands-based Cattierite Holdings Coöperatief, the EC announced on its website on 26 November. The Commission concluded that the proposed acquisition would raise no competition concerns because of the companies' limited market...
    Sumitomo Rubber develops ‘Tire Leap AI Analysis’ for development of long-lasting tire
    Sumitomo Rubber Industries Ltd (SRI) has developed a new technology that makes use of artificial intelligence (AI) to predict the properties of rubber, according to a company press release on 26 November. The technology called ‘Tyre Leap AI Analysis’ can also detect rubber’s structural changes...
    27-Nov-2019 News New Products
    Nippon Light Metal Georgia starts building new plant in US
    Nippon Light Metal North America, Inc. (NLMNA), a wholly owned subsidiary of Nippon Light Metal Co Ltd, and ITOCHU Metals Corporation, have signed an agreement to establish a joint venture (JV) company in the United States to develop and manufacture aluminum components for vehicles, according t...
    BASF launches smart Verbund investment project in China
    BASF has launched its smart Verbund project in Zhanjiang, Guangdong province, China, under which BASF is investing USD10 billion in China, the company announced in a press release on 23 November. As part of the project, BASF has commenced building a new plant to produce engineering plastics and...
    26-Nov-2019 News Investments
    Trelleborg signs agreement to acquire TriTec Seals
    Trelleborg has signed an agreement to acquire TriTec Seals, the company said in a press release on 25 November. The acquisition, to be done through Trelleborg’s Sealing Solutions business areas, is expected to complete before the end of next month. The US-based TriTec offer offers engineered po...
    Mercedes-Benz recalls 780 vehicles in Australia over issue with trim divider of rear door windows
    Mercedes-Benz has issued a recall of 780 vehicles in Australia over an issue with the trim divider of the rear door windows, according to a recall notice on the Australian Competition and Commission (ACCC) website on 21 November. The recall affects diesel variants of model year (MY) 2019 Mercedes-Be...
    26-Nov-2019 News Recalls
    Toyoda Gosei to restructure European operations
    Toyoda Gosei Co Ltd. has decided to transfer its entire ownership stake in Toyoda Gosei Meteor (TGM), its production subsidiary in Germany, to SCUR-Alpha 1123 GmbH, an affiliate of a German business fund, the Japanese supplier said in a press release on 22 November. Upon completion of this tran...
    SupplierInsight Weekly – 25 November 2019
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    Solvay, Penso develop technologies to create multi-material BIW structure suited for large production volume
    Solvay, in collaboration with Penso, has successfully developed the composite design, material and manufacturing technologies required to create a modular, multi-material body-in-white (BIW) structure suited for large production volume, Solvay announced in a press release on 21 November. The two com...
    Johnson Matthey reports 13.7% y/y decline in H1 net profit to USD216 million
    Johnson Matthey has reported a decline of 13.7% year on year (y/y) in its net profit to GBP176 million (USD216 million) for the first half ended 30 September 2019, according to a company press release on 21 November. Revenue for the six-month period totaled GBP6.8 billion, representing a growth of 3...
    Indorama Ventures completes acquisition of Sinterama
    Indorama Ventures, a global chemical producer, has successfully completed the acquisition of Sinterama S.p.A, an Italy-based producer of polyester automotive interiors and high-performance colored yarns, according to a company press release on 20 November 2019. Subsequent to the acquisition, Sintera...
    Toyoda Gosei develops new radiator grille with black luster
    Toyoda Gosei Co., Ltd. has developed a radiator grille to give vehicles a sportier feel, the Japanese supplier said in a press release on 21 November. The grille’s paint with a brilliant black luster, which imparts a striking feeling of depth. The new grilles are used on the special-edition LEXUS ...
    21-Nov-2019 News New Products
    Toyoda Gosei to enhance production capacity for interior and exterior products in US
    Toyoda Gosei Co., Ltd. has announced plans to increase production capacity for interior and exterior products at three production subsidiaries in the US to meet rising sales of large products such as radiator grilles in North America, according to a company press release on 21 November. To this...
    Bridgestone begins manufacturing tires using recycled carbon black
    Bridgestone Americas has begun manufacturing tires using recycled carbon black (rCB), according to a company press release on 20 November. The Japanese tiremaker is using D-E Black in high-quality tires for agriculture and passenger applications across multiple plants in the Americas, including...
    SupplierInsight Webinar: Ambient Lighting – Changing the cabin concept
    Watch an on-demand replay now Sascha Klapper will discuss the industry trends and present the new global forecast for the Ambient Lighting market. Focus of the webinar will be the positioning, optical technology, optical principles and dynamic functions of the current and future Ambient Lighting ...
    20-Nov-2019 News Webinars
    Freudenberg Sealing Technologies develops new coating for reducing friction in rotary shaft seals
    Freudenberg Sealing Technologies (FST) and Freudenberg Technology Innovation have come up with a new coating that improves wetting with synthetic lubricants, according to a company press statement on 19 November. The wetting of the sealing lip plays a significant role in the optimal functioning...
    20-Nov-2019 News New Products
    Bridgestone unveils rubber/resin hybrid polymer
    Bridgestone has developed a new rubber/resin hybrid polymer called SUSYM, the Japanese supplier said in a press release on 11 November. The company claims it to be the first polymer that bonds rubbers and resins on the molecular level. “SUSYM boasts the high levels of durability and resistance of ...
    20-Nov-2019 News New Products
    Fraunhofer IWS to develop thin-film electrodes for EV batteries
    The Fraunhofer Institute for Material and Beam Technology IWS, along with researchers from TU Dresden and Leibniz, have  started development of innovative battery electrodes comprising ultrathin silicon or lithium layers, Fraunhofer IWS announced in a  press release on 11 November. Th...
    Toyoda Gosei to increase weatherstrip production in China
    Japan-based Toyoda Gosei Co., Ltd. plans to increase production of weatherstrips (rubber parts for automotive doors and windows) at Hubei Toyoda Gosei Zheng Ao Rubber & Plastics Sealing Science and Technology Co., Ltd. (TG Zheng Ao) in China, according to a company press release on 15 November. ...
    BMW opens new battery cell competence center in Germany
    BMW has opened a new battery cell competence center in Germany, the company announced in a press  release on 14 November. BMW will use the center to advance battery cell technology and carefully dissect the production processes. The BMW Group is investing a total of EUR200 million in the Compet...
    18-Nov-2019 News Investments
    Renault develops a new fabric from recycled materials for new ZOE
    Renault, along with Les Filatures du Parc and Adient Fabrics, has co-developed a new fabric entirely from recycled materials for the new Zoe, the company announced in a press release on 14 November. The textile product is made from safety belts, textile scraps, and plastic bottle recycling. The mate...
    18-Nov-2019 News New Products
    Henkel's Q3 net income falls 9.4% y/y to USD671.5 million
    Henkel has reported a fall of 9.4% year-on-year (y/y) in its net income to EUR556 million (USD671.5 million) for the third quarter ended 30 September, according to a company press release on 14 November. Net sales during the quarter dropped marginally by 0.8% y/y to EUR5.07 billion, while EBIT ...
    SupplierInsight Weekly – 18 November 2019
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    Ford’s 3D-knitted seat cover offers greater personalization options
    Ford has introduced a 3D-knitting process to produce customized seat covers, the automaker said in a press release on 11 November. The technology, which is already in use in production of shoes, clothing, and furniture, offers customers the ability to craft car seats that meet their requirements. Th...
    15-Nov-2019 News New Products
    Toyota Boshoku supplies new seat mechanism components in Mazda CX-8 second-row seats
    Toyota Boshoku has developed new seat mechanism components, the company said in a press release on 14 November. The Japan-based company is supplying these seat mechanism components in the second-row, four-way power seats for the Mazda CX-8 three-row crossover. The crossover went on sale in Japan las...
    Eastman collaborates with NB Coatings to develop sustainable automotive plastics
    Specialty plastics provider Eastman is collaborating with NB Coatings, a major player in paint on plastics for both domestic and transplant OEMs, to develop a new solution for interior Class A painted surfaces with Eastman’s Trēva™ engineering bioplastics, according to a press release on 12 Nov...
    Motherson Sumi’s Q3 net profit up 3.6% y/y to USD54.5 million
    Motherson Sumi Systems Limited (MSSL) has reported a 3.6% year-on-year (y/y) growth in consolidated net profit (attributable to owners) to INR3.8 billion (USD54.5 million) for the third quarter ended 30 September 2019, according to a regulatory filing on 11 November. Revenue from operations in the q...
    Martinrea posts 14.48% y/y rise in sales, to USD735 million, during Q3 2019
    Canadian lightweight automotive components and powertrain systems supplier Martinrea announced its financial results for the quarter ended 30 September 2019 in a press release issued on 12 November. The company has reported a rise in revenue from CAD851.14 million during the third qua...
    ElringKlinger to supply cockpit cross-car beams to US-based EV maker
    ElringKlinger has won an order from a leading US electric vehicle (EV) manufacturer to supply cockpit cross-car beams for the automaker’s new full-electric model, ElringKlinger announced in a press release on 12 November. The order with a total volume in the mid to high double-digit million euro r...
    Varroc Engineering’s Q2 net profit down 76.9% y/y to USD3.2 million
    Varroc Engineering has reported a decline of 76.9% year on year (y/y) in net profit to INR229.4 million (USD3.2 million) for the second quarter ended 30 September 2019, according to a regulatory filing on 12 November. Revenue from operations for the period declined 9.9% y/y to INR27 billion. Operati...
    Volvo to trace source of cobalt used in EV batteries
    Volvo Cars is planning to implement global traceability of cobalt used in its batteries using blockchain technology, the company announced in a press release on 6 November. Volvo Cars has now reached an agreement with its two global battery suppliers, Contemporary Amperex Technologies (CATL) of Chin...
    SupplierInsight Weekly – 11 November 2019
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    Borealis’ Q3 net profit slips 25.8% y/y to USD226.4 million
    Borealis’s net profit declined 25.8% year on year (y/y) to EUR207 million (USD226.4 million) in the third quarter ended 30 September 2019, the Austria-based company said in a press release on 4 November. The company reported net sales of EUR1.9 billion, down 3.9% y/y. In the third quarter of 2019,...
    Magna’s sales decline 3.1% y/y to USD9.3 billion in Q3
    Magna has reported 3.1% year-over-year (y/y) decline in net sales to USD9.3 billion in the third quarter ended 30 September 2019, the leading Canadian automotive supplier said in a press release on 8 November. Sales, excluding the impact of foreign exchange currency translation and divestures net of...
    Suppliers to the new Skoda Kamiq
    The first generation Skoda Kamiq is assembled at Skoda's facility in Mlada Boleslav, Czech Republic. According to IHS Markit production forecasts, output of the new generation Skoda Kamiq from the plant is expected to peak in 2020 at more than 90,000 units. If you would like your co...
    ArcelorMittal’s Q3 sales fall 10.1% y/y to USD16.6 billion
    ArcelorMittal has reported a 10.2% year-on-year (y/y) decline in sales to USD16.6 million for the third quarter ended 30 September 2019, according to a company press release on 7 November. The company posted a net loss of USD539 million for the period, compared with a net profit of USD899 million in...
    Arconic's Q3 revenue grows 1% y/y to USD3.6 billion
    Arconic has reported a growth of 1% year on year (y/y) to USD3.6 billion during the third quarter ended 30 September 2019, according to a company press release on 5 November. Net income for the quarter fell 40.9% y/y to USD91 million. Operating income in the third quarter touched USD326 million, whi...
    ElringKlinger's Q3 revenue grows 6.3% y/y to USD478.5 million
    ElringKlinger reported a growth of 6.3% year on year (y/y) in its revenue to EUR431.9 million (USD478.5 million) for the third quarter ended 30 September 2019, according to a company press release on 6 November. Net income for the quarter fell 38% y/y to EUR6.7 million. EBIT also reduced by 11.4% y/...
    voestalpine registers 2% y/y decline in revenue to USD7.24 billion during H1 2019
    Austrian manufacturer of automotive body-in-white components, voestalpine, has announced a decline in revenue to the tune of 2% during H1 2019 compared to the same time frame of last year. The company’s sales figure for the half year ended 30th September 2019 stood at EUR6.54 billion (approximatel...
    Cooper Standard revenue drops by 15.4% y/y to USD729 million in Q3 2019
    During the third quarter of 2019, Michigan-based automotive components manufacturer Cooper Standard has reported a dip in its sales to the tune of 15.4% year on year to USD729 million. The company’s sales figure for the three months ended September 30th of last year stood at USD861.7 million. Coop...
    Autoneum develops new material Hybrid-Acoustics PET
    Autoneum has developed Hybrid-Acoustics PET to be used in an engine bay for better noise insulation, the company announced in a press release today (5 November). Components made using Hybrid-Acoustics PET can be used in both electric vehicles and combustion engine vehicles. Autoneum informed that st...
    05-Nov-2019 News New Products
    Gestamp’s Q3 revenues increase 8.7% y/y to USD2.2 billion
    Gestamp has reported a growth of 8.7% year on year (y/y) in its revenues to EUR2 billion (USD2.2 billion) in the third quarter ended 30 September, according to a company press release on 31 October. Net income during the quarter, however, witnessed a fall of 10% y/y to EUR28 million. Revenues at con...
    SupplierInsight Weekly – 4 November 2019
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    AGC’s nine-month net income drops 55.5% y/y to USD31.6 million
    AGC’s net income declined 55.5% year-on-year (y/y) to JPY28.9 billion (USD31.6 million) in the nine months ended on 30 September, the company said on 30 October. Net sales dropped slightly by 0.2% y/y to JPY1.12 trillion.  Sales in the company’s Glass segment, which caters to t...
    BorgWarner divests wholly-owned subsidiary 'Morse TEC'
    BorgWarner has divested in its wholly-owned subsidiary BorgWarner Morse TEC LLC to Enstar Holdings (US) LLC, a subsidiary of Enstar Group Limited, the company announced on 30 October. In connection with the closing, BorgWarner contributed approximately USD172 million in cash to Morse TEC. “Enst...
    Mercedes-Benz to recall 13,799 vehicles in US over detachment risk of rear door window trim
    Mercedes-Benz is recalling 13,799 vehicles in the United States over the risk of rear door window trim detachment, according to a recall notice on the National Highway and Transport Safety Authority (NHTSA) website earlier this month. The recall affects model year 2020 GLE350, GLE350 4MATIC, GLE450 ...
    01-Nov-2019 News Recalls
    Steel in the age of automotive electrification
    Change has been the name of the game in the automotive industry for the last couple of years, and the most prominent has been the advent of electric vehicles (EV). The change in powertrain technology is also expected to bring about a change in how the vehicles are manufactured. The build of EVs is e...
    Umicore to supply NMC cathode materials to Samsung SDI
    Umicore has signed a multi-year strategic agreement with Samsung SDI to supply high-performance NMC (nickel manganese cobalt) cathode materials, the company announced in a press release on 24 October. Umicore will supply 80,000 metric tonnes of NMC cathode material from its plants in different regio...
    SupplierInsight Webinar: Strategies in ADAS & Automated Driving
    Watch an on-demand replay now Advanced driver assist systems (ADAS) have become increasingly common throughout the industry since their inception decades ago; automated driving now sits at the forefront of vehicle technology. While these technologies enable similar functionality in different vehi...
    30-Oct-2019 News Webinars
    CelLink raises USD22.5 million in Series B funding from Robert Bosch Venture Capital, Ford and BMW i-Ventures
    Robert Bosch Venture Capital (RBVC), Ford Motor Company and BMW i-Ventures have invested USD22.5 million as part of CelLink Corporation’s Series B funding round, the company announced in a press release on 29 October. The latest round of new funding will ramp up CelLink’s production...
    30-Oct-2019 News Investments
    SupplierInsight Weekly – 29 October 2019
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    Umicore opens new plant for fuel cell catalysts in South Korea
    Umicore has opened a new plant to manufacture fuel cell catalysts in SongDo Incheon City (Seoul area), South Korea, the company announced in a press release on 23 October. The facility will support the growth of Hyundai Motors Group as well as other automotive customers.  The company is plannin...
    29-Oct-2019 News Investments
    BASF’s Q3 net income down 24% y/y to USD1 billion
    In a press release issued on October 24th, German chemical production firm BASF disclosed its financial results for the third quarter of 2019. The company’s sales  declined by 2% to EUR15.2 billion (approximately USD16.85 billion) during Q3 of this year. This was as a result of the lower pric...
    Saint-Gobain’s nine-month sales up 4.3% y/y to USD35.5 billion
    Saint-Gobain has reported a 4.3% year-on-year (y/y) growth in group sales to EUR32.5 billion (USD35.5 billion) for the first nine months ended 30 September 2019, the France-based automotive glazing supplier said in a press release on 24 October. Saint-Gobain organizes its business in five reporti...
    SABIC displays specialty materials at Automotive Interiors Expo 2019
    SABIC is showcasing its portfolio of specialty materials for the development of automotive interior applications at the Automotive Interiors Expo 2019 in Novi, Michigan, United States, the company said in a press release on 22 October. The products on display include the family of LNP specialty...
    24-Oct-2019 News New Products
    Constellium's Q3 revenue grows 2% y/y to USD1.64 billion
    Constellium has reported a 2% year-on-year (y/y) growth in revenues to EUR1.4 billion (USD1.64 billion) for the third quarter ended 30 September 2019, according to a company press release on 23 October. Higher revenue helped the Netherlands-based aluminum supplier record 18% y/y growth in adjusted E...
    BASF to supply foam systems to Hyundai for car seat production in South Korea
    BASF will be supplying Elastoflex® flexible polyurethane (PU) foam systems to Hyundai for the production of its car seats at the automaker’s plant in Ulsan, South Korea, BASF said in a press release on 23 October. The highly resilient PU foam is a low volatile organic compound (VOC) solution idea...
    Dura Automotive Systems obtains USD77 million for restructuring after filing Chapter 11 Bankruptcy petition
    Michigan-based automotive components manufacturer, Dura Automotive Systems, has secured a USD77 million debtor-in-possession financing commitment, according to a press statement issued by the company on October 17th. USD50 million of this amount will be new money and it will be used towards Dura Aut...
    Rheinmetall Automotive’s start-up Solidteq to present metallic 3D printing solutions at formnext expo
    Rheinmetall Automotive’s start-up Solidteq will present solutions for 3D printing with metallic materials at the upcoming formnext expo next month in Germany, according to a company press release on 21 October. Solidteq, a part of Rheinmetall Automotive, specializes in 3D printing with metallic...
    BASF develops new silicone wetting agent for automotive coating
    BASF has developed a new silicone wetting agent ‘Hydropalat® WE 3225’ for automotive coating, according to a company press on 22 October. The new wetting agent combines good substrate wetting with pronounced defoaming performance. Hydropalat WE 3225 is designed for use in high-end water-based i...
    23-Oct-2019 News New Products
    ArcelorMittal develops new AHSS grade for automotive lightweighting
    ArcelorMittal has developed an advanced high steel strength grade Fortiform 980 Extragal (-GI) for automotive lightweighting, the company announced in a press release on 17 October. ArcelorMittal informed that Fortiform 980 Extragal is currently available in North America only and it will be launche...
    21-Oct-2019 News New Products
    Inteva partners with Suzhou Greentech Material to produce Inteather material in China
    Inteva Products, a global tier one automotive supplier of engineered components and systems, has entered into a co-operation agreement with Suzhou Greentech Material Co., Ltd., under which Greentech will produce Inteva's material solutions, branded as Inteather™, for the Chinese automotive market,...
    PPG’s Q3 net income drops 2.9% y/y to USD367 million
    PPG has reported a 2.9% year-on-year (y/y) fall in net income to USD367 million for the third quarter ending 30 September, according to a company press release on 17 October. The company’s income before taxes grew 6.6% y/y to USD481 million, while net sales for the period remained almost...
    Gentex reports 3.8% y/y increase in net sales in Q3
    Gentex has reported a 3.8% year-on-year (y/y) increase in net sales to USD477.8 million in the third quarter ending 30 September, the US-based automotive supplier said on 18 October. The company recorded higher net sales despite a 3% y/y drop in global light vehicle production during the third ...
    SupplierInsight Weekly – 21 October 2019
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    Chassis evolution and outlook
    It is a common belief that the chassis of a vehicle has had limited evolution, when compared to other sectors of the car, such as powertrain or electronics. However, in the last decade, the chassis has seen several advancements, not just in terms of its structure, but also the way the chassis is con...
    SABIC introduces high-heat resin for vehicle lightweighting, EVs at K 2019 trade fair
    SABIC launched a new high-heat resin XENOY HTX for vehicle lightweighting and electric vehicles (EVs) at the K 2019 trade fair in Germany, the company announced in a press release on 17 October. The polyester-based XENOY HTX enables the production of light, impact-resistant, and high-performing stru...
    18-Oct-2019 News New Products
    AD Plastik signs EUR40 million deal to supply parts to Renault-Nissan-AvtoVAZ in Russia
    Croatia-based car parts moulder AD Plastik has signed a EUR40 million (USD44.1 million) contract to supply car parts to the Renault-Nissan-AvtoVAZ alliance in Russia, SeeNews reported on 10 October. AD Plastik will produce static seals for the new Lada Granta as well as outer belts for Renault Logan...
    EU imposes anti-dumping duty on Chinese steel road wheels
    European Union (EU) has imposed a provisional anti-dumping duty of up to 66% on Chinese steel road wheels for motor vehicles, Reuters reported on 10 October. EU has accused Chinese exporters of selling the steel wheels at below market cost. “Provisional measures should be imposed to prevent furthe...
    ArcelorMittal Italia appoints Lucia Morselli as chairman and CEO
    ArcelorMittal Italia has appointed Lucia Morselli as chairman of the board and CEO, effective 15 October, according to a company press release. She will replace Matthieu Jehl, who will take up new responsibilities within ArcelorMittal. Morselli is a member of the board of directors at Essilor-Lux...
    Schaeffler develops stacked bipolar plates for fuel cells
    Schaeffler has developed stacked metallic bipolar plates for fuel cells and fuel cell stacks, the company announced in a press release on 15 October. Schaeffler will be showcasing its solutions for fuel cells at the 2019 Tokyo Motor Show in Japan. The company will also showcase its electric motors i...
    Johnson Matthey to establish new battery application centre in UK
    Johnson Matthey (JM) is planning to establish a new battery application center in Milton Park in the United Kingdom, the company announced in a press release on 15 October. The center will be used to develop tailored solutions for automotive applications. “Our site at Milton Park will be a...
    16-Oct-2019 News Investments
    Asahi Kasei presents concept car AKXY and lightweight solutions at K 2019 trade fair
    Asahi Kasei is showcasing its engineering plastics and foam materials for the automotive industry at the ongoing K 2019 trade fair for plastics and rubber in Düsseldorf, Germany, the company said in a press release on 14 October 2019. The Japanese supplier is presenting its fully drivable electric ...
    Mercedes-Benz recalls 1,329 units of GLE Class in Canada over issue with rear door window trim bars
    Mercedes-Benz is recalling 1,329 vehicles in Canada because of an issue with rear door window trim bars, according to a recall notice on the website of Transport Canada earlier this month. The recall affects model years (MY) 2020 GLE CLASS models. Significance: In the affected vehicles, the rear ...
    16-Oct-2019 News Recalls
    BASF develops new particle foam for range of applications
    BASF has developed new ‘Ultramid’ particle foam that can be used for a range of automotive applications, the company announced in a press release on 14 October. The particle foam based on a combination of several polyamide 6 grades and is claimed to have high temperature-resistance, outstanding ...
    15-Oct-2019 News New Products
    SupplierInsight Weekly – 14 October 2019
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    GF Casting Solutions sells automotive iron foundry in Austria
    GF Casting Solutions, a division of Swiss manufacturing firm Georg Fischer, has announced its decision to divest its iron foundry in Herzogenburg, Austria. The foundry has been sold off to MRB FerCon GmbH, according to a press release issued by the company dated October 11th. The company has stat...
    Suppliers to the new Audi A8
    The fourth generation Audi A8 is assembled at Audi's facility in Shendra, India. According to IHS Markit production forecasts, output of the new generation Audi A8 from the plant is expected to peak in 2021 at more than 114 units. If you would like your company included in this feature&n...
    AGC adjusts FY2019 net profit forecast due to one-time impairment charges
    AGC has reduced its net profit guidance for the current financial year ending 30 September 2019 due to one-time impairment losses, the Japanese supplier said in a press release last week. The company expects to post impairment losses of JPY23 billion (USD213 million) in its automotive glass business...
    Tokyo Motor Show 2019: Toyota unveils LQ concept with Level 4 autonomous driving capability, Yui AI-based mobility agent
    Toyota will display a new concept vehicle 'LQ' featuring advanced technologies at the Tokyo Motor Show, scheduled later this month in Japan, the company said on 11 October. The concept car is equipped with in-house developed SAE Level 4 equivalent automated driving and onboard artificial i...
    11-Oct-2019 News New Products
    Novares opens expanded production facility in Portugal
    Novares has opened the new factory extension at its Arouca manufacturing facility in Portugal, the company announced in a press release on 8 October. The plant was extended by 1500 square meters to 3,400 square meters in total, to accommodate new state-of-the-art machinery, which in terms of capacit...
    09-Oct-2019 News Investments
    Autoneum appoints Matthias Holzammer as CEO
    The board of directors of Autoneum Holding Ltd has appointed Matthias Holzammer, the former head of Business Group Europe, as CEO with immediate effect, according to a company press release on 8 October. Holzammer succeeded Martin Hirzel, who has resigned from the post. Autoneum said that Holzammer ...
    Toyota to offer two hybrid powertrains in new C-HR hybrid
    Japanese car maker Toyota will be making the 2020 C-HR Hybrid available for sale with a choice of two hybrid powertrain units, as well as a revised design and improved list of features. Significance: Toyota will be debuting a new 2.0 litre Hybrid Dynamic Force powertrain that delivers 1...
    09-Oct-2019 News New Products
    Polestar announces chassis performance pack for Polestar 2
    Polestar, the electric high-performance car brand that is owned jointly by Volvo Cars and Geely, has announced a performance pack for their electric sportscar, the Polestar 2. This pack has been tuned to improve the dynamics of the car. Significance: The performance pack for the Polestar 2 compri...
    09-Oct-2019 News New Products
    Martinrea announces additional investment in NanoXplore
    Automotive lightweight metal parts supplier Martinrea International has announced an additional investment in NanoXplore, a manufacturer and supplier of high-volume graphene powder used in diverse industries, including automotive, the company said in a press release last month. Martinrea invested 10...
    08-Oct-2019 News Investments
    SupplierInsight Weekly – 7 October 2019
    Click the link above to download this week's issue
    Hydro opens new aluminum research lab in Sweden
    Hydro has opened a new aluminum research lab adjacent to Hydro’s product application lab in Finspång, Sweden, the company announced in a press release late last month. The new Extrusion Test Center will test new types of aluminium alloys and their extrudability for eventual use in applications th...
    07-Oct-2019 News Investments
    Volkswagen appoints Dirk Große-Loheide as new board member for procurement at VW Passenger Cars
    Volkswagen (VW) has appointed Dirk Große-Loheide as its new head of procurement of the Volkswagen Passenger Cars brand, effective 1 October, the automaker announced on 1 October. Große-Loheide succeeds Dr. Stefan Sommer, who was previously in charge of this brand function, in addition to h...
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