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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
    Hyundai unveils ‘IONIQ Concept Cabin’ for future EV interiors
    Hyundai Motor Group (HMG), the parent company of Hyundai and Kia, unveiled the IONIQ Concept Cabin, its latest version of in-car experiences for dedicated electric vehicles (EVs), in Seoul, South Korea on 24 September, the company said in a press release. The Concept developed, in partnership w...
    24-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 ...
    Yanfeng presents new Experience in Motion 2021 (XiM21) concept car in Germany
    Yanfeng Automotive Interior (YFAI) has presented new Experience in Motion 2020 (XiM21) concept car in a virtual event in Neuss, Germany, the company said in a press release on 22 September. The XiM21 concept offers customizable environment, connected services and seamlessly integrated intuitive inte...
    23-Sep-2020 News New Products
    COVID-19 pandemic: Osram introduces new UV light device to clean air in vehicle interior
    Osram has developed ‘Air Zing Mini’ air purifier that uses ultraviolet (UV) light to clear air inside vehicles, the company said in a press release on 17 September. The round device, measuring 7.5 cm in diameter, can be easily attached to the vehicle’s ventilation slats with a clip. The d...
    22-Sep-2020 News New Products
    MY 2021 Cadillac CT4, CT5 to feature ‘Enhanced Super Cruise’ with lane change on demand functionality
    The new model year (MY) 2021 Cadillac CT4 and CT5 luxury sports utility vehicles (SUVs) will feature ‘Enhanced Super Cruise’ with ‘Lane Change on Demand’ functionality, the company said in a press release on 10 September. The Enhanced Super Cruise driver assistance system offers hands-free d...
    22-Sep-2020 News New Products
    Volkswagen recalls 1,829 vehicles in US to replace passenger frontal airbag
    Volkswagen (VW) is recalling nearly 1,829 vehicles in the United States to replace passenger frontal airbags, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website. The recall covers certain model year (MY) model year 2020 VW Passat sedans. It is exp...
    22-Sep-2020 News Recalls
    AutoTechInsight Weekly – 21 September 2020
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    Volvo to recall over 244,000 vehicles in mainland China over seatbelt issue
    Volvo Cars is recalling 244,800 vehicles in mainland China over a seatbelt issue, according to a statement on the website of the State Administration for Market Regulation. The recall covers seven imported and mainland China-made models produced from 2006 to 2019, including the S80, S60L, and XC60. ...
    21-Sep-2020 News Recalls
    Grupo Antolin develops retractable sun visor
    Grupo Antolin has developed a retractable sun visor that improves the performance and overall look of the product, the Spanish supplier said in a press release on 14 September 2020. The retractable sun visors hide behind the headliner substrate until the user needs them. A passenger can deploy them ...
    16-Sep-2020 News New Products
    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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    Grupo Antolin opens new innovation center in mainland China
    Grupo Antolin has opened a new innovation center in Shanghai, mainland China, the Spanish supplier said in a press release on 10 September. The innovation center houses the new Antolin headquarters in mainland China, bringing together all the corporate departments and the engineering and technologic...
    11-Sep-2020 News Investments
    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...
    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
    AutoTechInsight Weekly – 7 September 2020
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    ACQUISITION: Magna to acquire majority ownership of Chinese seat supplier Honglizhixin
    Magna has signed an agreement to acquire majority ownership of Honglizhixin, a major seat supplier to Chinese automakers, the Canadian automotive parts supplier announced in a press release on 3 September 2020. At the same time, Magna will acquire a majority stake in its existing seating joint ventu...
    Volkswagen recalls nearly 4,800 vehicles in US over issue with front seat backrest frame
    Volkswagen (VW) has issued a recall of nearly 4,800 vehicles in the United States over an issue with the front seat backrest frame, according to a report by cars.com citing the National Highway Traffic Safety Administration’s (NHTSA) notice. The recall involves certain model year (MY) 2020 Audi Q5...
    04-Sep-2020 News Recalls
    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
    VW, FCA recall nearly 190,000 Vehicles in US over issue with airbag crash sensors
    Volkswagen (VW) and Fiat Chrysler Automobiles (FCA) are recalling nearly 190,000 vehicles in the United States over issue with airbag crash sensors, according to cars.com on 1 September. The recall affects certain model year (MY) 2018 VW Atlas and MY 2019 Jeep Cherokee SUVs fitted with ZF North Amer...
    02-Sep-2020 News Recalls
    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...
    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...
    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...
    Panasonic develops intelligent rear-view mirror for the new Nissan Kicks compact SUV
    Panasonic has collaborated with Nissan Motor to develop camera-based rear-view mirror for the new Nissan Kicks compact sport utility vehicle (SUV), the Japanese automotive supplier said in a press release on 26 August. The intelligent, frameless rear-view mirror features a 2-megapixel (MP) came...
    27-Aug-2020 News New Products
    Detroit Manufacturing Systems announces plan to expand plant in the US
    Detroit Manufacturing Systems (DMS) has announced plans to expand its Detroit plant in the United States, according to a press release on the official website of Michigan Economic Development Corporation on 25 August. To this end, the company intends to invest USD31.9 million in the plant, which is ...
    27-Aug-2020 News Investments
    Ford recalls 528 vehicles in North America over issue with front seatback panels
    Ford has issued a safety recall for 528 Ford Explorer and Lincoln Aviator vehicles in North America, the automaker said in a press release on 25 August 2020. The recall involves model year (MY) 2020 Explorer and Lincoln Aviator vehicles, affecting 491 vehicles in the United States and federal territ...
    26-Aug-2020 News Recalls
    AutoTechInsight Weekly – 24 August 2020
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    DIVESTMENT: Adient completes sale of interior business to Yanfeng Automotive
    Adient has completed the previously announced divestment of its stake in automotive interior joint venture, Yanfeng Global Automotive Interior Systems (YFAI) to its Chinese partner, Yanfeng Automotive Trim Systems, the company said in a press release on 21 August. The US-based automotive supplier re...
    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
    Volvo recalls 24,977 vehicles in Australia over seatbelt issue
    Volvo is recalling 24,977 vehicles in Australia over seatbelt issue, according to a recall notice on the ACCC website on 12 August. The recall affects certain model year (MY) 2007–18 Volvo S60, S80, V60, V60 Cross Country, V70, XC60, and XC70 vehicles. Significance: In the subject vehicles, the...
    19-Aug-2020 News Recalls
    AutoTechInsight Weekly – 17 August 2020
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    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...
    Grammer’s H1 2020 revenue declines 30% y/y to USD827.6 million
    Grammer has reported sharp decline in revenue and earnings in the first half of the financial year ended 30 June 2020, primarily due to comprehensive production suspensions caused by the COVID-19 pandemic, the Germany-based automotive supplier said in a press release on 13 August. Revenue decre...
    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...
    M&A: Veoneer completes divestiture of US brake control business to ZF
    Swedish automotive technology provider, Veoneer, has announced that it has completed the divestment of its US-based brake control business unit. According to a press release issued by Veoneer on 11 August, the company stated that its US brake control business unit has been divested to German automot...
    Kongsberg Q2 2020 revenue decreases 47.8% y/y to USD173.2 million
    Kongsberg Automotive posted a 47.8% year-on-year (y/y) fall in second quarter revenue at EUR153.6 million (USD173.2 million), the company said in a press release on 6 August. Net loss amounted to EUR116.7 million compared to a profit of EUR4.9 million a year earlier. Revenues from its Powertrain ...
    Tachi-S’s Q1 sales drop 47.8% y/y to USD353.7 million
    Automotive seating supplier Tachi-S has reported a 47.8% year-on-year (y/y) decline in net sales to JPY37.9 billion (USD353.7 million) for the first quarter ended 30 June 2020, according to a company press release on 6 August. The company posted net loss of JPY7.2 billion compared to net loss of JPY...
    General Motors to recall 800 vehicles in US to replace roof-rail airbag modules
    General Motors (GM) has issued a recall of nearly 800 vehicles in the United States to replace roof-rail airbag modules, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website. The recall covers certain model year (MY) 2020 Buick Enclave SUVs; Cadillac XT5...
    12-Aug-2020 News Recalls
    AutoTechInsight Weekly – 10 August 2020
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    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...
    Adient’s Q3 revenue declines 61% y/y to USD1.6 billion
    Adient has reported 61% year-over-year (y/y) decline in revenue to USD1.6 billion in the third quarter ended 30 June 2020, the company said in a press release on 6 August. The company recorded loss before income taxes of USD326 million as compared with income before income taxes of USD30 millio...
    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...
    Aisin Group’s Q1 revenue drops 42.3% y/y to USD5.2 billion
    Aisin Seiki’s revenue declined 42.3% year on year (y/y) to JPY555.3 billion (around USD5.2 billion) in the first quarter ended 30 June 2020, the company said on 31 July. Net loss for the quarter was JPY50.3 billion against net profit of JPY17.4 billion in the same period a year ago. The company po...
    Honda recalls 1.6 million vehicles in US over four different issues
    Honda is recalling over 1.6 million minivans and sport utility vehicles (SUVs) in the United States in four different recalls, according to a report by Associated Press on 4 August. The recalls cover certain Odyssey minivans and Pilot and Passport SUVs and some vehicles are included in several of th...
    05-Aug-2020 News Recalls
    Lear’s Q2 sales drops 52% y/y to USD2.4 billion
    Lear’s sales declined 52% year over year (y/y) to USD2.4 billion in the second quarter ended 30 June 2020, the company said in a press release on 4 August. The company recorded core operating loss of USD294 million against core operating income of USD352 million in second quarter 2019. Lear also r...
    Lear, Gentherm jointly develop INTU Thermal Comfort Seating with ClimateSense technology
    Seating and e-systems supplier, Lear, has announced its collaboration with American thermal management firm, Gentherm, to jointly develop its latest intelligent seating solution, the INTU™ Thermal Comfort with ClimateSense™ technology. According to a press release from Gentherm dated 3 August, t...
    04-Aug-2020 News New Products
    AutoTechInsight Weekly – 3 August 2020
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    Stoneridge’s Q2 net sales fall 55.2% y/y to USD99.5 million
    Stoneridge has reported a 55.2% year-on-year (y/y) drop in net sales for the second quarter of fiscal 2020 to USD99.5 million, according to a company press release on 29 July. Operating loss for the quarter was USD26.8 million compared with operating income of USD49.1 million in the second quarter o...
    Mercedes-Benz recalls 3,115 vehicles in Australia over issue with seat belt buckle housings
    Mercedes-Benz has issued a recall of 3,115 vehicles in Australia over an issue with its seat belt buckle housings, according to a recall notice on the Australian Competition and Commission (ACCC) website on 28 July. The recall affects certain model year (MY) 2018–19 Mercedes-Benz C, CLS, E, and GL...
    30-Jul-2020 News Recalls
    Grupo Antolin partners with AED Engineering to develop electronics business
    Grupo Antolin has entered into a strategic partnership with Germany-based integrated electronics specialist AED Engineering to improve its electronic capability, the Spain-based company said in a press release. AED will strengthen Grupo Antolin’s new Electronics Systems Business Unit by collaborat...
    30-Jul-2020 News New Products
    Faurecia’s H1 sales drops 31.2% y/y to USD6.9 billion
    Faurecia’s sales declined 31.2% year over year (y/y) to EUR6.2 billion (USD 7.27 billion) in the first half of the current financial year ended 30 June 2020, the company said in a press release on 27 July. At constant scope and currencies, the company witnessed 35.4% y/y decline in sales compared ...
    AutoTechInsight Weekly – 27 July 2020
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    Gentex reports 51% y/y decline in Q2 sales to USD229.9 million
    Gentex has posted a 51% year-on-year (y/y) slump in net sales for the second quarter of fiscal year (FY) 2020, the company said in a press release on 24 July. Net sales dropped to USD229.9 million from USD468.7 million. The company posted a net loss of USD2.4 million in the second quarter compared w...
    CIE Automotive H1 sales decreases 29% y/y to USD1.35 million
    CIE Automotive has reported a decline of 29% year on year (y/y) in its sales for the first half of 2020 to EUR1.2 billion (about USD1.35 billion), according to a company press release on 24 July. EBITDA for the period was EUR153.5 million and a net result of EUR58.3 million. The company generates EU...
    Nissan recalls 6,200 Leaf EVs in US to update backup camera software
    Nissan is recalling 6,200 vehicles in the US to update backup camera software, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website. The recall involves certain model year (MY) 2020 Nissan Leaf electric hatchbacks. The recall is expected to begin 17 Augu...
    27-Jul-2020 News Recalls
    All-new Mercedes-Benz S-Class to offer airbag for rear seat passengers
    The new Mercedes-Benz S-Class will feature airbag for rear-seat passengers, according to a company press release on 24 July. The new Mercedes-Benz S-Class will be premiered in September. “It is the first vehicle worldwide to be equipped with airbags for rear-seat passengers to protect them in the ...
    27-Jul-2020 News New Products
    JOINT VENTURE: Faurecia, BAIC establish 50:50 JV for seating business in mainland China
    Faurecia has reached an agreement with mainland Chinese automaker BAIC to establish a 50:50 joint venture (JV) in mainland China, the French automotive supplier said in a press release on 24 July. The new JV will supply complete seat assembly, seat frames, foams, and headrests initially for BAIC Hyu...
    Mitsubishi Motors recalls 1,948 vehicles in Australia over seatbelt issue
    Mitsubishi Motors is recalling 1,948 vehicles in Australia over seatbelt issue, according to a recall notice on the Australian Competition and Consumer Commission (ACCC) website on 14 July. The affected models include model year (MY) 2020 Mitsubishi Outlander and Outlander plug-in hybrid electric ve...
    27-Jul-2020 News Recalls
    AutoTechInsight Webinar: E-Mobility Technology Perspectives for the Decade Ahead
    Watch an on-demand replay now Despite existing and immediate pressures generated by the COVID-19 crisis, the automotive industry direction of travel towards increasingly electrified propulsion remains intact. Challenges imposed by air quality legislation and CO2 requirements remain, whilst invest...
    24-Jul-2020 News Webinars
    Seven automakers to recall more than 34,000 vehicles in South Korea over faulty parts
    Seven automakers namely Hyundai, Kia, Renault Samsung, Mercedes-Benz, BMW, Toyota, and Hanbul Motors (which imports Peugeot and Citroën vehicles into South Korea) are recalling more than 34,000 vehicles in South Korea to fix separate issues, according to a report by Yonhap News Agency on 17 Ju...
    24-Jul-2020 News Recalls
    All-new Bentley Flying Spur features 3D wood panel in rear doors
    Bentley’s all-new Flying Spur features three-dimensional (3D) wood rear door trim for the first time, the automaker announced in a press release on 23 July. “Three-Dimensional Wood is a world-first for the automotive sector—a striking, diamond-shaped pattern enhanced with a three-dimensional s...
    24-Jul-2020 News New Products
    FCA recalls 925,239 vehicles in US to replace driver's airbag cover
    Fiat Chrysler Automobiles (FCA) is recalling 925,239 vehicles in the United States over an issue with driver's airbag cover, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website on 7 July. The recall involves certain model year (MY) 2008–10 Chrysler To...
    23-Jul-2020 News Recalls
    Mitsubishi recalls 177,000 vehicles in US over issue with second-row center seatbelt buckle
    Mitsubishi Motors North America, Inc. is recalling nearly 177,000 vehicles in the United States over an issue with second-row center seat belt buckle, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website on 13 July. The recall involves certain model year...
    23-Jul-2020 News Recalls
    Continental’s Q2 sales drops 9.2% y/y to USD7.4 billion
    Continental’s sales declined 9.9% 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 while releasing key figures for the quarter based on preliminary results on 20 July. Organic sales—sales adjusted for ch...
    AutoTechInsight Weekly – 20 July 2020
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    Autoliv’s Q2 sales declines 51% y/y to USD1.05 billion
    Autoliv has reported 51% year-over-year (y/y) decline in net sales to USD1.05 billion in the second quarter ended 30 June 2020, the company said in a press release on 17 July. The company witnessed 48% y/y drop in organic sales due to sharp reduction in demand from its customers due to the COVID-19&...
    Spark Minda’s FY 2019/20 sales down 9% y/y to USD373.8 million
    Spark Minda has reported a 9% year-on-year (y/y) decline in sales to INR28.13 billion (USD373.8 million) for the fiscal year ended 31 March 2020, according to a regulatory filing by the company on 16 July. Net loss for the fiscal year was INR1.9 billion, compared with a net profit of INR1.6 billion ...
    Asahi Kasei commercializes engineered resin series ‘SoForm’ surface material
    Asahi Kasei Plastics North America, a subsidiary of Asahi Kasei, has commercialized new engineered resins ‘SoForm™ A Class’ as part of its diverse Thermylene family, the company said in a press release on 15 July 2020. SoForm™ is a Thermylene® glass fiber reinforced polypropylene for s...
    16-Jul-2020 News New Products
    Suppliers to the new Audi Q3 Sportback
    The first-generation Audi Q3 Sportback is assembled at Audi's facility in Gyor, Hungary. According to IHS Markit production forecasts, output of the new generation Audi Q3 Sportback from the plant is expected to peak in 2021 at over 35,000 units. If you would like your company included i...
    FCA recalls 188,249 vehicles in Canada to replace airbag cover on steering wheel
    Fiat Chrysler Automobiles (FCA) is recalling 188,249 vehicles in Canada to replace airbag cover on steering wheel, according to a recall notice on the website of Transport Canada on 8 July. The recall involves certain model year (MY) 2008–10 Chrysler Town and Country and Dodge Grand Caravan, ...
    15-Jul-2020 News Recalls
    COVID-19 pandemic: Spark Minda says Q1 profitability is expected to be impacted
    Spark Minda said in a regulatory filing on 14 July that the company expects its first quarter 2021 profitability to be impacted due to the COVID-19 pandemic. The company also expects profitability for the fourth quarter of fiscal year (FY) 2020/21 to be impacted; however, the details of the sam...
    JOINT VENTURE: Hyundai Transys, APM Automotive form JV to produce car seats in Indonesia
    Hyundai Transys, a Hyundai Motor Group (HMG) company, has formed a joint venture (JV) with Malaysian auto parts supplier APM Automotive Holdings Berhad to produce and supply car seats and related components Kota Deltamas industrial complex in Cikarang, Western Java, Indonesia, the South Korean autom...
    Lumax Auto plans USD9.3 million capex in FY 2020/21
    Lumax Auto Technologies plans to spend approximately INR700 million (USD9.3 million) in capex in fiscal year  (FY) 2020/21, according to an investor call on 9 July. Of this, around INR500 million would be spent on new product lines including urea tank and the oxygen sensors, and the remaining a...
    JOINT VENTURE: Volkswagen’s subsidiary SITECH, Brose sign MOU to form JV for complete seat systems
    SITECH, a subsidiary of the Volkswagen Group (VW), and Brose have agreed to establish a 50:50 joint venture (JV) to produce complete seats, seat structures, and seat components, the two partners said in a joint press release on 13 July. Representatives of SITECH and Brose signed a memorandum of unde...
    M&A: Analog Devices to acquire Maxim Integrated Products in an all-stock transaction
    Analog Devices (ADI) has signed an agreement to acquire Maxim Integrated Products in an all-stock transaction, the company said in a press release on 13 July. Under the agreement, Maxim stockholders will receive 0.630 of ADI stock for each Maxim share at the closing of the transaction. Upon closing,...
    Grammer releases preliminary results for Q2, revenue declines 45% y/y to USD316 million
    Grammer has released preliminary results for the second quarter ended 30 June 2020, expecting sharp decline in revenue and profit, the Germany-based automotive supplier said in a press release on 13 July. The company expects second quarter revenue to be around EUR281 million (USD316 million), d...
    AutoTechInsight Weekly – 13 July 2020
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    Volvo recalls 307,900 vehicles in US to replace seatbelt anchor cable
    Volvo is recalling nearly 307,900 vehicles in the United States replace seatbelt anchor cable, according to a recall notice on the National Highway and Transport Safety Authority (NHTSA) website. The recall affects certain model year (MY) 2008-16 Volvo V70 wagons and XC70 SUVs; MY 2007–16 S80 seda...
    09-Jul-2020 News Recalls
    Rane Group’s FY 2020 revenue falls 17.4% y/y to USD589.7 million
    Rane Holdings Limited, the holding company of Rane Group, has reported a 17.4% year-on-year (y/y) decline in total net revenues to INR44.4 billion (about USD589.7 million) for the fiscal year ended 31 March 2020, according to a company press release on 24 June. EBITDA stood at INR3.5 billion, down 4...
    Kasai Kogyo’s FY 2019/20 net sales drops 10% y/y to USD1.9 billion
    Kasai Kogyo has reported 10% year-over-year (y/y) decline in net sales to JPY204.6 billion (USD1.9 billion) in the financial year (FY) ended 31 March 2020, the company said in a press release on 1 July. Operating income dropped 61.5% y/y to JPY4 billion and operating profit ratio of 2% compared with...
    AutoTechInsight Weekly – 06 July 2020
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    Gentherm, ThermoAnalytics to jointly develop software for human thermal comfort predictions in vehicles
    Thermal management technology supplier Gentherm has announced that it will jointly work with thermal modeling software development firm, ThermoAnalytics Inc., to develop an advanced software to improve human thermal comfort predictions in vehicles. This software, which can accurately predict an indi...
    COVID-19 pandemic: 30 supplier plants in Mexico’s Puebla city resume operations on 29 June
    Auto parts suppliers in Mexico’s Puebla city are preparing to restart operations after receiving permits from local and federal authorities, according to a report by El Economista on 30 June. The general secretary of the Confederation of Mexican Workers (CTM) in Puebla, Leobardo Soto Martínez, co...
    03-Jul-2020 News COVID-19
    COVID-19 pandemic: Use of UVC light as disinfectant in vehicle interior
    The novel coronavirus disease 2019 (COVID-19) pandemic has severely impacted app-based new-mobility services such as car sharing, ride sharing, and ride hailing; since vehicles in such services are used by multiple people during a day, there is an increased possibility of getting infected by the COV...
    02-Jul-2020 Insights COVID-19
    India’s ACMA fears manufacturing disruption due to import clearance delays
    The Indian auto industry body, the Automotive Component Manufacturers Association of India (ACMA) has mentioned that all import consignments coming in from Mainland China are being subjected to complete manual inspection, which is leading to undue delays in customs clearance. In a report filed by...
    Volvo recalls over 2 million vehicles globally over seat belt problem
    Volvo is recalling more than 2 million vehicles globally over problem with front seatbelts, according to a report by Agence France-Presse on 1 July. The recall affects more than 307,653 vehicles in the United States, and includes S60, S60L, S60CC, V60, V60CC, XC60, V70, XC70, S80, and S80L models ma...
    02-Jul-2020 News Recalls
    COVID-19 pandemic: PPAP Automotive resumes operations at Tamil Nadu plant in India
    PPAP Automotive Limited has resumed operations at its Tamil Nadu plant in India in compliance with directives issued by the central/state governments and local administration, the company said in a BSE filing on 1 July. Significance: PPAP had earlier suspended operations at its Tamil Nadu facilit...
    02-Jul-2020 News COVID-19
    M&A: Recticel completes divestment of Automotive Interior business
    Recticel has completed the previously-announced divestment of its Automotive Interior division, the company said in a press release on 1 July. The Belgium-based company has also divested its 50% stake in joint venture (JV) company Eurofoam Flexible Foam to JV partner Greiner AG. Recticel generated n...
    Automakers, suppliers may avoid compliance penalties under new USMCA trade deal for one year
    Automakers and their suppliers may avoid penalties for violating compliance for up to one year under the new US-Mexico-Canada trade agreement (USMCA), Reuters reported a US Customs and Boarder Protection (CBP) official as saying. The new trade agreement, which replaces the 26-year-old North America ...
    Japan and Britain aim to finalize trade deal by end of July
    Japan and Britain are aiming to close a new trade deal by the end of July 2020, and Japan will attempt to secure at least the same tariff levels for automobiles that it has in its existing trade pact with the European Union, said Hiroshi Matsuura, the chief negotiator for trade talks with Britain, a...
    Minda Industries’ FY 2019/20 revenues down 7.5% y/y to USD727.2 million
    Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 7.5% year-on-year (y/y) decrease in revenue from operations to INR54.65 billion (USD727.2 million) for the fiscal year ended 31 March 2020, the company said in a regulatory filing on 29 June. The...
    AutoTechInsight Weekly – 29 June 2020
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    COVID-19 pandemic: Indian supplier industry aims to reduce dependence on mainland Chinese imports
    The Indian auto component industry is working on steps to reduce import dependence on China and focus more on localization, according to a report by Press Trust of India (PTI) citing industry body Automotive Component Manufacturers Association of India (ACMA). The domestic automotive industry is ...
    AutoTechInsight Webinar: New Opportunities in the Connected Car
    Watch an on-demand replay now COVID-19 has disrupted many sectors of the automotive industry, and the connected car domain is no exception. Disruption, however, often results in new opportunities as our AutoTechInsight experts will evaluate how automotive map/navigation suppliers are helping peop...
    25-Jun-2020 News Webinars
    JOINT VENTURE: Adient modifies divestment agreement with Chinese partner Yanfeng Automotive
    Adient has agreed to modify its previously announced definitive agreement with Yanfeng Automotive Trim System for the sale of its 30% stake in YAFAI, the company said in a press release on 24 June. The US-based seating supplier will now receive USD369 million for selling its stake in YFAI, USD10 mil...
    Faurecia develops innovative ventilation system ‘Decovent’ for Genesis G80
    Faurecia has developed an innovative ventilation system ‘Decovent’, according to a company press release on 22 June. Decovent is Faurecia’s innovative ventilation system that radically alters the internal structure of the vent and expands the technological and aesthetic possibilities in the co...
    24-Jun-2020 News New Products
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