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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    12-Apr-2021 News OEM Purchasing Pinned
    Android’s grip tightens on automotive OS
    Android Automotive has taken the automotive headunit by storm. From its initial introduction in early 2017 until now, six global automakers across more than 10 brands have signed on, accounting for nearly one-fifth of all vehicles once fully rolled out. The significance of Android Automotive lies wi...
    Auto Shanghai 2021: MARELLI to debut new global brand, showcase e-Axle
    MARELLI will be present for the first time at Auto Shanghai 2021 since its integration of Calsonic Kansei and Magneti Marelli in 2019, according to 21 April. The company will exhibit e-Axle from its Electric Powertrain business unit, which integrates the e-Motor, inverter, and gearbox into one ...
    22-Apr-2021 News New Products
    Xperi develops in-cabin monitoring based on neuromorphic vision systems
    DTS®, a firm specializing in next-generation audio, imaging, and sensing technology, and a wholly owned subsidiary of Xperi Holding Corporation, has developed neuromorphic driver monitoring solution (DMS), according to a company press release on 21 April. The company claims that its new Event-Based...
    22-Apr-2021 News New Products
    Faurecia’s Q1 2021 sales up 8.9% y/y to USD4.7 billion
    Faurecia has reported an 8.9% year-on-year (y/y) growth in sales to EUR4 billion (USD4.7 billion) for the first quarter ended 31 March 2021. According to a company press release on 20 April, Seating segment sales rose by 10.1% y/y to EUR1.5 billion and sales in the Interior segment grew by 11% y/y t...
    Auto Shanghai 2021: Grupo Antolin presents car interior concept
    Grupo Antolin will showcase its technologies in the areas of cockpits, electronics, and lighting and Human Machine Interface (HMI) at the ongoing Shanghai Auto Show, according to a company press release on 20 April. The company is presenting its smart cockpit demonstrator INSPIRE, which feature...
    21-Apr-2021 News New Products
    Volkswagen ID.4 receives five-star Euro NCAP safety rating
    German carmaker Volkswagen’s first sports utility vehicle (SUV) the ID.4, which is based on the modular electric drive matrix (MEB) platform, has been awarded a five-star safety rating by Euro NCAP. According to a press release issued by the company on 19 April, the Volkswagen ID.4 achie...
    20-Apr-2021 News New Products
    Suppliers to the new Seat Leon
    The fourth-generation 2020 Seat Leon is assembled at Seat's facility in Martorell, Spain. Output of the new version of the hatchback is expected to peak at more than 129,000 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car cutaways pub...
    Toyota recalls more than 279,000 vehicles in US over wire harness issue
    Toyota is conducting a safety recall affecting approximately 279,000 vehicles in the United States over airbag issue, the automaker announced in a press release on 13 April 2021. The recall involves certain model year (MY) 2009–15 Toyota Venza vehicles. Significance: The subject vehicles have a...
    19-Apr-2021 News Recalls
    AutotechInsight Weekly – 19 April 2021
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    Skoda Enyaq iV secures five-star safety rating in Euro NCAP test
    Volkswagen-owned Czech carmaker, Škoda Auto, has announced that its new electric sport utility vehicle (SUV), the Enyaq iV, has secured a five-star safety rating in the Euro NCAP test. According to a press release issued by the company on 14 April, the Škoda Enyaq a total of 86% of the possib...
    15-Apr-2021 News New Products
    STS Group to invest USD39 million to build new Wytheville, US facility
    Germany-based automotive interior and exterior parts supplier STS Group AG is investing USD39 million to establish a manufacturing facility in Wytheville, Virginia, US, according to a report by Plastics News on 12 April. The plant is expected to create 120 jobs in the region. Construction on the new...
    13-Apr-2021 News Investments
    AutotechInsight Weekly – 12 April 2021
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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    Stahl launches next-generation lightweight automotive leathers
    Stahl has launched a range of next-generation solutions for lightweight automotive leathers without compromising on quality, according to a company press release on 30 March 2021. The new Stahlite® range is ideal for use in the retanning and fatliquoring stages of wet-end leather production process...
    12-Apr-2021 News New Products
    Knowles develops two new MEMS microphones for automotive application
    Knowles has developed two new SiSonic MEMS microphones for automotive applications, the company said in a press release on 8 April. The MEMS microphones can be used for hands-free calling, advanced voice assistance, and in-cabin noise cancellation for passenger comfort. “As both consumers ...
    09-Apr-2021 News New Products
    Auto Shanghai 2021: GRAMMER AG to present Pure interior concept solution
    GRAMMER will showcase innovative interior solutions at Auto Shanghai 2021 that is scheduled to held from 19–28 April. According to a company press release on 8 April 2021, the company will present its recently developed ‘Pure’ interior concept, as well as solution ideas for the four innovation...
    09-Apr-2021 News New Products
    FCA recalls 1,222 vehicles in US over airbag issue
    Fiat Chrysler Automobiles (FCA) is recalling 1,222 vehicles in the United States over an airbag issue, according to a report by cars.com on 7 April, citing a recall notice on the National Highway Traffic Safety Administration website. The recall affects model year (MY) 2021 Alfa Romeo Stelvio vehicl...
    09-Apr-2021 News Recalls
    Hyundai TRANSYS Georgia Seating System invests USD9 million in Georgia, US
    Hyundai TRANSYS Georgia Seating System, LLC, a producer of automotive parts, will invest USD9 million to expand its seating manufacturing operations in West Point, Georgia, US, according to a press release on the official website of Georgia Department of Economic Development on 5 April 2021. "We ...
    09-Apr-2021 News Investments
    AutoTechInsight Webinar: Bridging the Gap from Level 2+ to Autonomous Driving
    Watch an on-demand replay now AutoTechInsight Webinar: Bridging the Gap from Level 2+ to Autonomous Driving Automated driving sits at the forefront of vehicle technology and presents an opportunity for brand differentiation in a crowded market. As automakers, suppliers, and mobility provi...
    07-Apr-2021 News Webinars
    TactoTek and Amphenol team up for smart automotive surfaces
    TactoTek®, the Finland-based company that develops and licenses in-mold structural electronics (IMSE®) technology, and Amphenol ICC have announced a collaboration to develop automotive grade in-mold connectors for TactoTek IMSE technology, TactoTek announced in a press release on 31 March 2021. ...
    07-Apr-2021 News New Products
    Faurecia to present ‘Cockpit of the Future’ at Shanghai Auto Show
    Faurecia will showcase its latest innovations for the ‘Cockpit of the Future’ and other mobility solutions at the Auto Shanghai, which will be held from 19 April to 28 April 2021, according to a company press release on 6 April. the solutions to be displayed are designed to cater to the needs of...
    07-Apr-2021 News New Products
    ACQUISITION: Trèves Group acquires automotive acoustics companies ROI Technologies and CTA Acoustics
    Trèves Group has completed the acquisition of a majority stake in ROI Technologies, and along with partner Kotobukiya Fronte, the acquisition of CTA Acoustics, it said in a company press release on 4 April. The financial details of the deals were undisclosed. Headquartered in Cazzano-San Andrea,...
    WiMi Hologram Cloud’s EV holographic AR product gets FCC approval to enter US market
    WiMi Hologram Cloud has announced that its electric vehicle (EV) holographic augmented reality (AR) product ‘WiMi HoloAR HUD’ has received certification from the Federal Communications Commission (FCC) for the US market, according to a company press release on 1 April. FCC tested and certif...
    Ford recalls 38,407 vehicles in US over issue with rearview camera
    Ford is issuing a safety compliance recall affecting 38,407 vehicles in North America over issue with rearview camera, the automaker announced in a press release on 2 April 2021. The recall covers 34,975 vehicles in the United States and federal territories, 3,053 in Canada and 379 in Mexico. The re...
    05-Apr-2021 News Recalls
    GRAMMER's FY 2020 revenue down 16% y/y to USD2.1 billion
    GRAMMER has reported a 16% year-on-year (y/y) decline in revenues to EUR1.7 billion (about USD2.1 billion) for the fiscal year ended 31 December 2020, according to a company press release on 31 March 2021. Both of its divisions were affected by declining revenue but outperformed the market as a whol...
    AutotechInsight Weekly – 5 April 2021
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    Genesis unveils premium electric car concept Genesis X
    Genesis has unveiled an all-electric gran turismo (GT) concept called, Genesis X Concept, the premium car unit of Hyundai Motors said in a press release on 30 March. The front of the concept car features a low yet broad silhouette, thanks to the combination of the shield-shaped Crest Grille and two-...
    02-Apr-2021 News New Products
    Making seat belt reminder fitment mandatory for all seats in a vehicle
    Seat belts, along with airbags, are the most effective occupant safety systems that reduce the severity of injuries in the event of high-impact crashes. Seat belts secure occupants of a vehicle against harmful movement during a collision or a sudden braking. According to data by Insurance Institutes...
    Audi recalls 153,152 in US over airbag issue
    Audi has issued a recall for more than 153,152 in the United States over issue with airbag, according to a Reuters report on 28 March citing a recall notice on the website of National Highway Traffic Safety Administration (NHTSA). The recall affects 153,152 units of Audi A3 sedans and its variant...
    30-Mar-2021 News Recalls
    Brose, Volkswagen sign JV for vehicle seats
    The Brose Group and Volkswagen (VW) have signed an agreement to establish a joint venture (JV) to develop and manufacture complete seats, seat structures and components along with solutions for the vehicle interior, according to a joint press release by the two companies on 26 March. As per the agre...
    AutotechInsight Weekly – 29 March 2021
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    Grupo Antolin supplies interior trim components, ambient lighting to new Skoda Auto Kushaq SUV in India
    Grupo Antolin is supplying door panels, headliners, ambient lighting for instrument panels, seat plastic parts, exterior wheel liners, and wheel arch cladding to the new ŠKODA Kushaq compact sports utility vehicle (SUV) in India, Spain-based automotive supplier informed on networking site LinkedIn....
    Faurecia supplies SmartVent ventilation and thermal management solution; interior components for new DS4
    Faurecia is supplying SmartVent ventilation and thermal management solutions and other technologies from its Interiors, Seating and Clean Mobility Business Groups for the new DS4 sport utility vehicle (SUV), the French supplier said in a press release on 22 March 2021. Faurecia Interiors will als...
    General Motors recalls 94,641 vehicles in North America over seatbelts issue
    General Motors (GM) is recalling 94,641 vehicles in North America over seatbelt issue, according to a recall notice on the US National Highway Traffic Safety Administration website. The recall covers certain model year (MY) 2021 Cadillac Escalade and Escalade ESV, Chevrolet Suburban and Ta...
    25-Mar-2021 News Recalls
    AutoTechInsight Webinar: Automotive chip shortage - do we ever learn?
    Watch an on-demand replay now  AutoTechInsight Webinar: Automotive chip shortage - do we ever learn? Phil Amsrud and Jeremie Bouchaud will present on the origin of the chip shortage and will explain the specifics of the automotive chip supply chain. IHS Markit will also analyze best pract...
    24-Mar-2021 News Webinars
    NSK develops ultra-high-speed bearing for hybrids, EVs
    NSK has developed a new ultra-high-speed bearing ideal for electric vehicles (EVs), including battery electric, hybrid, and other new energy vehicles, according to a company press release on 18 March. The new bearing allows electric motors to operate at higher speeds, reducing power consumption per ...
    24-Mar-2021 News New Products
    New Kia K8 sedan features Ergo Motion driving seat, advanced connectivity features
    Kia has launched its all-new K8 premium sedan featuring several advanced interior features, the automaker said in a press release on 23 March. The new sedan features an ergonomically designed driver seat called Ergo Motion that uses seven air pockets, including the backrest, sides, and hip areas, to...
    24-Mar-2021 News New Products
    Suppliers to the new Toyota Supra
    The fifth-generation 2020 Toyota Supra is assembled at Toyota's facility in Graz #2, Austria. Output of the new version of the sports grand tourer is expected to peak at more than 8,800 units in 2022, according to IHS Markit. If you would like your company included in this feature or the car ...
    Faurecia starts construction of manufacturing facility in France
    France-based automotive parts supplier Faurecia has announced the construction of a new industry 4.0 platform in the Bourgogne-Franche-Comté region of France, according to a company press release on 19 March. The company is investing a total of EUR165 million (USD196.5 million). The project will no...
    23-Mar-2021 News Investments
    AutotechInsight Weekly – 22 March 2021
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    DIVESTMENT: Mutares sells majority stake in STS Group to Adler Pelzer
    Mutares SE & Co.  has signed a share purchase agreement with Adler Pelzer Holding GmbH, a company of the Adler Pelzer Group, for the sale of its entire majority shareholding of 73.25% in STS Group AG, according to separate press releases by STS and Adler Pelzer on 11 March. Mutares expects ...
    Jaguar Land Rover’s cabin air purification technology prevents viruses and bacteria by up to 97%
    Jaguar Land Rover (JLR) announced that its future cabin air purification technology has been shown in laboratory tests to prevent viruses and airborne bacteria by as much as 97%, according to a company press release on 16 March 2021. The prototype heating, ventilation, and air conditioning (HVAC)...
    17-Mar-2021 News New Products
    Indian supplier UNO Minda Group realigns business domains
    Indian supplier UNO Minda is realigning its business domains to be future-ready, according to a regulatory filing by the company on 15 March. The company has been working on ‘Organization & Business Transformation’ project for last few months in partnership with a global consulting firm. The...
    Suppliers to the new Audi A3
    The fourth-generation 2020 Audi A3 is assembled at Audi's facility in Ingolstadt #1, Germany. Output of the new version of the compact sedan is expected to peak at more than 59,000 units in 2023, according to IHS Markit. If you would like your company included in this feature or the car cutaw...
    Nissan recalls 26,156 vehicles in US to replace front passenger airbag module
    Nissan is recalling 26,156 vehicles in the United States to replace the front passenger airbag module, according to a recall notice on National Highway Traffic Safety Administration Vehicle Safety (NHTSA) website on 4 March. The recall affects certain model year (MY) 2006–08 INFINITI FX35 and...
    16-Mar-2021 News Recalls
    Winter Storm Uri impacts on automotive supply chain
    The Winter Storm Uri that hit the United States Gulf Coast (USGC) region in the third week of February 2021 resulted in one of the worst electric grid outages in the United States, leaving millions of people without electrici...
    AutotechInsight Weekly – 15 March 2021
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    Adient ends joint venture with Yanfeng Automotive in mainland China
    Adient has entered into definitive agreements with Chinese joint venture (JV) partner Yanfeng Automotive Trim Systems to end its seating JV, Yanfeng Adient Seating (YFAS) in mainland China, the US-based automotive supplier said in a press release on 12 March. Under the agreements, Adient will sell i...
    Ford to launch recall of 2.9 million vehicles to replace defective airbag inflators from Takata
    Ford will proceed with the previously announced recall of 2.9 million vehicles equipped with defective airbag inflators after its petition was turned down by the National Highway Traffic Safety Administration (NHTSA) in January 2021, the automaker said in a press release on 12 March. The US automake...
    15-Mar-2021 News Recalls
    Continental plans to invest USD178 million in Romania in 2021
    Continental invested EUR150 million (USD178 million) in Romania in 2020, SeeNews reported the company saying in a statement on 11 March. The German supplier will invest similar amount at its manufacturing facilities and research and development (R&D) centers in 2021.   Significance: All ...
    12-Mar-2021 News Investments
    Yanfeng Automotive Interiors presents new floor console with ultraviolet sanitizer
    Yanfeng Automotive Interiors has showcased a new floor console concept “touchFC” with ultraviolet (UV) and ionized air sanitizers, the company said in a press release on 10 March. The rear side of the floor console, which is easily accessible for second raw passengers, features a storage box wit...
    11-Mar-2021 News New Products
    Indian government makes front passenger airbag mandatory in all new cars from 1 April
    The Indian government has made fitment of airbag for front passenger seat mandatory in all new cars from 1 April, Autocar reported on 7 March. The existing cars on sale will have time till 31 August 2021 to comply with new rule. Significance: In India, airbag fitment is already mandatory for the ...
    AutoTechInsight Webinar: Augmented reality - A new frontier for automotive head-up displays
    Watch an on-demand replay now  AutoTechInsight Webinar: Augmented reality: A new frontier for automotive head-up displays This webinar will provide context by reviewing the global trends driving the market for head-up displays. Trends will be considered amongst the backdrop of curren...
    10-Mar-2021 News Webinars
    Grupo Antolin, NEAN Auto establish JV to develop automotive electronic solutions
    Grupo Antolin has established a joint venture (JV) with Chinese automotive electronics specialist Shanghai NEAN Auto Technology to jointly develop integrated electronics products for vehicles, the Spain-based supplier said in a press release on 9 March. The two partners will combine their expertise ...
    Webasto to set up new sunroof manufacturing plant in India
    Webasto plans to establish a new manufacturing plant in India to produce sunroof systems, Times News Network (TNN) reported on 8 March. The Germany-based automotive supplier will invest INR2.5 billion (USD34.1 million) in the new plant that will come up in Pune, Maharashtra. The investment will be d...
    09-Mar-2021 News Investments
    Elix teams up with Polyscope for automotive interiors materials
    ELIX Polymers has teamed up with Polyscope Polymers for specialty materials for automotive interior applications, ELIX announced in a press release on 2 March 2021. Cooperation to develop thermoplastic solutions for premium automotive parts such as sunroof modules and other structural components. ...
    Autoneum’s FY 2020 revenue down 24.2% y/y to USD1.9 billion
    Autoneum’s revenue fell by 24.2% year on year (y/y) to CHF1.7 billion (USD1.9 billion) for the full year ended 31 December 2020, according to a company press release on 3 March 2021. The EBITDA for the year also declined 9.5% y/y to CHF148.5 million. The company reported an EBIT of CHF27.8 million...
    Automakers in US face potential seat foam shortage
    Vehicle manufacturers in the United States may face seat foam shortage in the next few weeks due the severe winter storm that hit Texas last month and caused one of the worst electric grid outages recently, Automotive News reported on 7 March. The electric grid outages forced oil refineries in Texas...
    AutoTechInsight Weekly – 8 March 2021
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    Grupo Antolin receives EPD certificate for eBú natural bamboo fabric
    Grupo Antolin has received Environmental Product Declaration (EPD) certificate for eBú, its natural bamboo fabric for use in automotive interiors, the Spanish supplier announced in a press release on 18 February 2021. As the new EPD ecolabel certifies, the eBú is the first and only bamboo fiber fa...
    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
    Hyundai Mobis FY 2020 sales declines 3.7% y/y to USD32.23 billion
    Hyundai Mobis has reported 3.7% year-over-year (y/y) decline in sales to KRW36.63 trillion (USD32.23 billion) in the financial year ended 31 December 2020, the company said in a regulatory filing. Operating profit fell by 22.4% y/y to KRW1.83 trillion. Hyundai Mobis also witnessed 33% y/y drop in pr...
    AutoTechInsight Weekly – 1 March 2021
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    Achieving the right mix of premium yet sustainable interior plastics to be a key challenge for automakers
    The importance of advanced engineering plastics in making a vehicle safer, efficient, and feel more premium, cannot be overstated. Plastics is one of the most extensively used materials in a car. Plastics and polymer composites account for more than 50% of the total vehicle volume and contribute som...
    Faurecia’s FY 2020 sales decline 17.5% y/y to USD18 billion
    Faurecia’s sales declined 17.5% year-over-year (y/y) to EUR14.65 billion (USD17.99 billion) in the financial year ended 31 December 2020, the company said in a press release on 22 February. Sales, at constant scope and currencies, dropped 19.6% y/y. Operating income by fell 68.4% y/y to EUR406 mil...
    Magna’s FY 2020 sales declines 17.2% y/y to USD32.65 billion
    Canada-based automotive components and systems supplier, Magna International, has published its financial results for the 2020 fiscal year. According to a press release issued by Magna on 19 February, the company reported sales of USD32.65 billion during FY 2020, which represents a reduction of 17.2...
    South Korean startup bitsensing collaborates with Infineon for in-cabin sensing
    Radar startup bitsensing has partnered with Infineon Technologies to launch of the 60-GHz MOD620 radar for in-cabin monitoring solution, the company said in a press release on 15 February. The MOD620 detects the vital signs of vehicle occupants and sends the driver alerts if a child is left unattend...
    22-Feb-2021 News New Products
    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 ...
    Cooper Standard’s FY 2020 sales drop 23.6% y/y to USD2.38 billion
    Cooper Standard’s net sales declined 23.6% year on year (y/y) to USD2.38 billion in the fiscal year ended 31 December 2020, the US-based automotive supplier said in a press release on 17 February. The company reported a net loss of USD267.6 million, compared with a net income of USD67.5 million in...
    General Motors recalls 101,593 vehicles in Canada over airbags issue
    General Motors is recalling 101,593 vehicles in Canada over airbags issue, according to a recall notice on the Transport Canada website on 5 February 2021. The recall affects certain model year (MY) 2007–09 Cadillac Escalade, Escalade ESV, Escalade EXT, Chevrolet Avalanche, Chevrolet Silverado, Ch...
    22-Feb-2021 News Recalls
    AutoTechInsight Weekly – 22 February 2021
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    Seeing Machines, ams collaborate to develop VCSEL illumination for interior monitoring system
    Seeing Machines has announced results of an ongoing partnership with Austria-based sensor specialist ams that aims to refine and optimize infrared illumination solutions for interior monitoring, according to a press release on 18 February 2021. ams is a supplier of vertical cavity surface emittin...
    19-Feb-2021 News New Products
    Faurecia to sell acoustics, soft trim business to Adler Pelzer Group
    Faurecia has signed a memorandum of understanding (MOU) for sale of its Acoustics and Soft Trim (AST) division to the Adler Pelzer Group (APG), a manufacturer of automotive acoustic and thermal components and systems, the two companies said in separate press releases on 18 February. “We have ta...
    Ford recalls 153,000 vehicles in North America over defective airbag inflators
    Ford has lost track of some older Takata airbags that can explode and hurl shrapnel, so the automaker is recalling more than 154,000 vehicles in North America to check for them, according to a Reuters report on 18 February. The automaker has issued two recalls as it can't find 45 obsolete airbags th...
    19-Feb-2021 News Recalls
    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
    Autoliv to build new inflator manufacturing plant in India
    Automotive safety systems supplier Autoliv has announced plans to build a new inflator manufacturing plant in India, according to a company press release on 16 February 2021. The new inflator plant will be built close to Chennai to cater to demand for airbags in the country. "The establishment of...
    17-Feb-2021 News Investments
    Mercedes-Benz recalls 24,550 vehicles in US over seatbelt problem
    Mercedes-Benz has issued a recall of 24,550 vehicles in the United States over seatbelt problem, according to a recall notice on the website of the National Highway Traffic Safety Administration Vehicle Safety (NHTSA) on 29 January. The recall affects certain model year (MY) 2017–21 C300, 2017–2...
    16-Feb-2021 News Recalls
    Hyundai reveals interiors of all-electric IONIQ 5
    Hyundai has released interior images of all-new IONIQ Q5 electric crossover ahead of its world premier scheduled on 23 February. According to a press release by the Korea automaker on 15 February, the new electric crossover will the first battery electric vehicle (BEV) based on its Electric—Global...
    15-Feb-2021 News New Products
    AutoTechInsight Weekly – 15 February 2021
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    Tachi-S reports 35.1% y/y decline in April–December 2020 net sales to USD1.34 billion
    Tachi-S’s net sales declined 35.1% year-over-year (y/y) to JPY138 billion (USD1.34 billion) in the first nine months of financial year (FY) 2020/21, ended 31 December 2020, the company said in a press release on 10 February. The sharp decline in net sales impacted Tachi-S’s earnings as the compa...
    Grupo Antolin partners with Net4Things to develop connected cars
    Groupo Antolin has announced a partnership with Net4Things to develop connected car services, according to a company press release on 8 February. Grupo Antolin will leverage data analysis on Net4Things’ Global Mobility Platform to explore the potential of new solutions and business opportunities f...
    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...
    AutoTechInsight Weekly – 8 February 2021
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    Adient’s Q1 FY 2020/21 net sales declines 2.2% y/y to USD3.85 billion
    Automotive seating supplier Adient has reported 2.2% year-over-year (y/y) decline in net sales to USD3.85 billion in the first quarter ended 31 December 2020, the company said in a press release on 5 February. Despite drop in net sales, the company recorded income before income taxes of USD225 milli...
    Lear FY 2020 net sales declines 14% y/y to USD17 billion
    Lear has reported 14% decline in net sales to USD17 billion in the financial year ended 31 December 2020, the US-based automotive supplier said in a press release on 4 February. Excluding the impact of foreign exchange translations and acquisitions, sales decreased 14% y/y in line with 17% y/y ...
    Panasonic’s sales fall 15% y/y to USD47.2 billion in first nine months of 2020
    Panasonic has reported its consolidated financial results for the nine months ended 31 December 2020 of the current fiscal year ending 31 March 2021. According to a company press release on 2 February, the company’s sales decreased by 15% year-on-year (y/y) to JPY4.8 trillion. Operating profit als...
    Faurecia developing sustainable processes for seat manufacturing
    Faurecia is working on advancing sustainability in seating manufacturing through a holistic approach that includes the frame, foam, covers, and accessories, the French supplier said in a press release on 29 January. This is part of a project that has been in the works for several months called “Se...
    Aisin Seiki’s nine-month 2020 revenue decline 12.8% y/y to USD24.2 billion
    Aisin Seiki has reported a 12.8% year-on-year (y/y) decline in revenues to JPY2.5 trillion (USD24.2 billion) for the first nine months ended 31 December, the Japanese supplier said in a press release on 2 February. Operating profit and net profit for the period also decreased by 36% and 16.2% y/y to...
    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...
    Market and technology outlook of door trim panels
    Door trim panels, the lightweight structure on the inside of a vehicle’s door, mainly serves as an interface between the occupant and the inner working of the doors. They also contribute toward occupant protection, maintaining noise, vibration, and harshness (NVH) levels, and functioning as housin...
    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...
    AutoTechInsight Weekly – 1 February 2021
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    Toyoda Gosei to establish new plant for interiors and exteriors in Japan
    Toyoda Gosei Co., Ltd.’s production subsidiary in eastern Japan, Toyoda Gosei East Japan Co., Ltd. (TGEJ), is establishing a new plant in Ohira, Kurokawa-gun, Miyagi, the Japanese supplier announced in a press release on 29 January 2021. The company expects to begin construction of the plant in Ap...
    01-Feb-2021 News Investments
    Gentex FY 2020 sales declines 9% y/y to USD1.68 billion
    Gentex has reported a decline of 9.7% year on year (y/y) in net sales to USD1.68 billion for the fiscal year ended 31 December 2020, the company said in a press release on 29 January. Income from operations declined 17.7% y/y to USD411.8 million and net income fell by 18.1% y/y to USD347.6 million. ...
    Faurecia launches new seating JV with BAIC in mainland China
    Faurecia has officially launched its new seating joint venture (JV) with BAIC in mainland China, according to a company press release on 28 January 2021. Following approval from the appropriate regulatory bodies, Faurecia has completed the acquisition from DAS Corporation of 50% of their JV with BAI...
    Tesla unveils new Model S with revamped interior, 390 miles of estimated range
    Tesla has unveiled the new Model S electric vehicle (EV) with a revamped interior, among other changes. This is Tesla’s first major redesign of the model in nearly 10 years. It comes with a 17-inch, 2200x1300 resolution, ultra-bright display screen; a redesigned second row for three adults...
    28-Jan-2021 News New Products
    Kongsberg Automotive appoints Joerg Buchheim as CEO
    Kongsberg Automotive ASA has appointed Joerg Buchheim as new CEO and president of the company, according to a company press release on 25 January 2021. The appointment is effective 1 May 2021. To ensure a smooth leadership transition and Kongsberg’s continued focus on business performance, Norbert...
    Spark Minda appoints Biranchi Mohapatra as CEO for Information and Connected Systems business
    India-based Spark Minda has appointed Biranchi Mohapatra as the CEO for its Information and Connected Systems (Wiring Harness, Sensor, and Cluster Products) business vertical II, according to a press release on 22 January. He has also been appointed as a member to its executive committee of the grou...
    Autoliv FY 2020 net sales declines 13% y/y to USD7.4 billion
    Autoliv’s net sales declined 13% year-over-year (y/y) to USD7.4 billion in the financial year ended 31 December 2020, the Sweden-based automotive supplier said in a press release on 26 January. The company’s sales was impacted by comprehensive production suspensions announced by its customers in...
    AutoTechInsight Weekly – 25 January 2021
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    Adler Plastic, Hayashi Telempu form Global Automotive Interior Alliance
    Adler Plastic has partnered with Japan-based Hayashi Telempu Corporation to established Global Automotive Interior Alliance (GAIA) Holdings to strengthen collaboration in automotive interior parts, the two partners said in separate press releases. Two companies also entered into capital partnership ...
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