Menu
Filters
Your Selections
    [clear all]
    Asset
    Published
    Service
    Topical Categories
    Supplier
    OEM
    Region/Country
    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
    E-axle demand forecast to more than double within next two years
    Electrification is by far one of the most active areas of automotive innovation these days. Vehicle manufacturers are being faced with constantly evolving and strengthening emission norms and standards, while simultaneously having to make their models more responsive to drive so as to keep up the ap...
    Renault introduces Arkana Hybrid SUV coupe in Europe
    French carmaker Renault has introduced its newest electrified sports utility vehicle (SUV), the Arkana Hybrid, in the European market. In a press release issued by Renault on 23 September, the company stated that the Arkana will be put on sale with the options of an E-TECH Hybrid engine, and two pet...
    24-Sep-2020 News New Products
    BorgWarner supplies compact turbocharger for Volkswagen’s Nivus crossover
    BorgWarner is supplying its compact B01 turbocharger for the newly launched Volkswagen Nivus crossover, according to a company press release on 23 September 2020. “With an EA211 1.0L 200 TSI engine, the vehicle features first-of-its-kind turbo technology for the Brazilian market, offering a d...
    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
    Kia Sorento gets hybrid and PHEV powertrain options for US market
    Kia Motors has announced that its Sorento SUV will be made available with hybrid and plug-in hybrid  (PHEV) powertrain options in the US market. In a press release issued by Kia on 22 September, the company stated that the new turbo-hybrid powertrain on the Sorento produces 227 hp in the hybrid...
    23-Sep-2020 News New Products
    Tula presents dDSF technology at Future Diesel Powertrain Summit in Shanghai
    Tula Technology, Inc., a propulsion efficiency innovation company, announced its participation and presentation on its diesel Dynamic Skip Fire (dDSF™) technology at the 4th Future Diesel Powertrain Summit China 2020 on 24-25 September in Shanghai, China. According to a press release issued by Tul...
    SKF invests USD61.5 million to reinforce operations in North America
    Sweden-based automotive components supplier, SKF, has announced that it will be investing SEK550 million (approximately USD61.5 million) to strengthen its North American operations. According to a press release issued by SKF on 22 September, the company stated that this investment will also be ...
    23-Sep-2020 News Investments
    SEAT starts production of Arona with new engine-transmission combination at Spanish facility
    SEAT has begun the production of its Arona SUV with a new engine-transmission combination at the Martorell facilities in Barcelona, Spain, the company said in a press release on 21 September. The transmission combination is a 1.5 TSI linked exclusively to a DSG transmission. The 1.5L TSI uni...
    22-Sep-2020 News New Products
    KPS Capital Partners enters agreement for potential acquisition of Garrett Motion’s business
    Swiss automotive powertrain components manufacturer Garrett Motion announced that it has signed a stock and asset purchase agreement with US-based private equity firm KPS Capital Partners, wherein the company, through an affiliate, would acquire substantially all of the assets of Garr...
    Punch Powertrain and PSA's JV for electrified transmissions starts operations
    In a press release dated 18 September, Punch Powertrain announced that its joint venture (JV) with PSA Groupe for electrified transmissions, Punch Powertrain PSA e-transmissions, has started operations. Elias van Wijk, previously CTO to Punch Powertrain, has been named CEO of the new JV. This JV wil...
    AutoTechInsight Weekly – 21 September 2020
    Click the link above to download this week's issue
    ZF to supply 8-speed PHEV transmission for Jeep Wrangler 4xe
    Germany-based automotive transmission systems supplier, ZF Friedrichshafen, has announced that it will be supplying its 8-speed plug-in hybrid transmission to Fiat Chrysler Automobiles for installation in the new 4WD Jeep Wrangler 4xe with a front-longitudinal drive configuration. According to a ...
    Garrett Motion prepares for possible bankruptcy filing within weeks
    Switzerland-based automotive powertrain components supplier, Garrett Motion, is reportedly preparing for a possible bankruptcy filing within a matter of weeks. According a report filed by business news publication, The Wall Street Journal on 17 September, the company’s sales registered a steep dec...
    MAHLE to expand restructuring, looks to cut 7,600 jobs worldwide
    German automotive components and systems supplier, MAHLE, has announced that it seeks to cut a further 7,600 jobs at its facilities across the globe in response to the economic crisis brought on by the ongoing COVID-19 pandemic. MAHLE had already initiated restructuring and cost-saving programs...
    ŠKODA introduces plasma-coated cylinder blocks
    Volkswagen-owned Czech carmaker, ŠKODA Auto, has introduced a plasma-coating process for its cylinder blocks. According to a press release issued by ŠKODA on 16 September, the company has set up a new processing line at its Mladá Boleslav headquarters for this operation at a cost of EUR28.8 milli...
    17-Sep-2020 News New Products
    Audi A3 Sportback gets g-tron CNG powertrain variant
    German luxury and sports car manufacturer Audi has announced that its A3 Sportback will get the option of a compressed natural gas (CNG)-based powertrain. According to a press release issued by Audi on 15 September, the company has added the new A3 Sportback 30 g-tron to its lineup, and th...
    16-Sep-2020 News New Products
    ŠKODA launches Octavia with PHEV, mild hybrid, and natural gas powertrains
    Czech carmaker, ŠKODA Auto, has announced that it will be providing three new alternative powertrains for the fourth generation Octavia. According to a press release issued by ŠKODA on 14 September, the newest iteration of the ŠKODA Octavia will provide customers the option of choosing betwe...
    15-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 ...
    FCA recalls 32,318 vehicles in US over issue with engine calibration software
    Fiat Chrysler Automobiles (FCA) is recalling 32,318 vehicles in the United States over issue with engine calibration software, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website on 27 August. The recall covers certain model year (MY) 2019–20 Ram 3500...
    15-Sep-2020 News Recalls
    European Commission to propose tighter vehicle emissions norms in the EU
    The European Commission is set to recommend stricter limits on vehicular emissions to the European Union (EU). According to a report filed by news agency Reuters on 11 September, this has prompted resistance from the German automotive industry, which is the largest in the EU. Current emission nor...
    Hyundai launches new Tucson with hybrid and PHEV powertrains
    The Hyundai Motor Company has launched the newest version of its Tucson SUV. According to a press release issued by the company on 15 September, the new Hyundai Tucson will be put on sale with both hybrid and plug-in hybrid (PHEV) powertrain options. The new Tucson will be driven by Hyundai’s S...
    15-Sep-2020 News New Products
    AutoTechInsight Weekly – 14 September 2020
    Click the link above to download this week's issue
    ACQUISITION: NVIDIA agrees to acquire ARM for USD40 billion
    NVIDIA has reached a definitive agreement to acquire the UK-based chip designer ARM Limited from SoftBank Group in a transaction valued at USD40 billion, the company said in a press release on 13 September. The transaction is expected to conclude in 18 months, subject to customary closing conditions...
    NTN wins order for mass-production of sealed ball bearing for transmissions from several OEMs
    Japanese bearing manufacturer NTN Corporation has announced that it has secured orders for the mass-production of the Ultra-low Friction Sealed Ball Bearing, which was developed for automotive transmissions. According to a press release issued by NTN Corporation on 11 September, the company stated t...
    14-Sep-2020 News New Products
    Porsche makes 7-speed dual clutch transmissions available on all 718 models
    Germany-based sportscar manufacturer, Porsche, has announced that all 718 models can now be ordered with the PDK 7-speed twin clutch automatic transmission. According to a press release issued by Porsche on 8 September, the company stated that this gearbox would be available for the Boxster and Caym...
    14-Sep-2020 News New Products
    Dana to open e-drive components facility in Pune, India, this year
    American automotive powertrain components supplier Dana has announced that it will open a new manufacturing facility for e-drive components in the city of Pune in India. According to a press release issued by Dana on 10 September, the company stated that the 4,600-square-meter (approximate...
    11-Sep-2020 News Investments
    BorgWarner to supply variable turbine geometry turbochargers to global OEM
    American automotive powertrain components supplier, BorgWarner, has secured an order to supply turbochargers to a global OEM. According to a press release issued by BorgWarner on 9 September, the company will be supplying its variable turbine geometry (VTG) turbochargers to the OEM. These VTG tur...
    Schaeffler to cut 4,400 jobs by 2022, plans plant closures
    Germany-based automotive components manufacturer, Schaeffler AG, has announced additional structural measures to further transform the company. According to a press statement issued Schaeffler on 9 September, the company plans a net workforce reduction by 4,400 members of staff in Germany and Europe...
    SNT Corporation’s Q1 2020 sales slide 31.9% y/y to USD33 million
    Japan-based automotive components supplier, SNT Corporation, has published its financial results for the first quarter of this year. According to a press release issued by SNT Corporation on 12 August, the company posted sales of JPY3.51 billion (approximately USD33 million) during the April–June ...
    Production of Jeep Grand Wagoneer PHEV to commence in 2021
    American SUV manufacturer, Jeep, has announced that it will commence manufacturing the production versions of its upcoming Wagoneer and Grand Wagoneer SUVs in Detroit, Michigan, US next year. According to a press statement issued by Jeep’s parent company, Fiat Chrysler Automobiles (FCA) on...
    09-Sep-2020 News New Products
    Mitsubishi launches Outlander PHEV in the Philippines
    Mitsubishi Motors Philippines Corporation has officially launched the Mitsubishi Outlander plug-in hybrid (PHEV) in the Philippines. According to a press release from Mitsubishi Motors on 5 September, the company will initially start sales in the country via the Peak Motors Philippines Inc. (PMPI) d...
    08-Sep-2020 News New Products
    PEV sales in Europe jump 53.3% y/y, to 129,344 units, in second quarter 2020
    Sales of plug-in electric vehicles (PEVs) in the European Union jumped 53.3% year on year (y/y), to 129,344 units, during the second quarter, the European Automobile Manufacturers Association (ACEA) announced in a press release today (3 September). Within this segment, battery-electric vehicle (BEV)...
    Porsche commits to research on synthetic fuels for greater sustainability
    German manufacturer of premium high-performance vehicles, Porsche, has announced that it will be researching synthetic fuels, referred to by the company as eFuels, to bolster the sustainability of its vehicles. According to a press release issued by Porsche on 2 September, eFuels are produced fro...
    AutoTechInsight Weekly – 7 September 2020
    Click the link above to download this week's issue
    BorgWarner expands partnership with startup accelerator Plug and Play
    American automotive powertrain components supplier BorgWarner has expanded its partnership with Plug and Play, an accelerator ecosystem for startup companies and the global innovation platform. According to a press release issued by BorgWarner on 3 September, the company will become a part...
    Honda and GM sign MoU to establish strategic alliance in North America
    General Motors and Honda Motor Company have announced the signing of a non-binding memorandum of understanding to explore the sharing of vehicle platforms and propulsion systems for a variety of core segments. According to a press release issued by Honda on 3 September, this North American strategic...
    New Mercedes-Benz S-Class to feature innovative chassis systems
    German luxury car maker Mercedes-Benz has introduced the newest generation of its flagship luxury saloon, the S-Class. According to a press release issued by Mercedes-Benz on 2 September, the company has stated that the vehicle will be equipped with innovative chassis systems that include fully acti...
    03-Sep-2020 News New Products
    Bosch to focus on fuel cell powertrain development in passenger car segment after trucks
    German automotive supplier Bosch has said that it will develop fuel cell powertrain for the passenger car segment after trucks, according to a company press release on 2 September. Bosch plans to start production of fuel cell powertrain for heavy duty applications in 2022–23. “Once they have bec...
    03-Sep-2020 News New Products
    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
    European Commission gets power to recall vehicles for breaching EU emission limits
    The European Commission will begin applying new regulations which “overhauls and tightens the previous type approval and market surveillance system”, a press release on 31 August read. The implementation is expected to improve the quality of vehicle type-approval and testing, increase checks of ...
    Kia reveals MY2021 Sorento PHEV with 13.8 kWh battery pack, 66.9 kW electric motor
    South Korean carmaker Kia Motors has unveiled the latest generation of its sports utility vehicle (SUV), the Sorento. According to a press release issued by the company on 26 August, the new Kia Sorento will be available with plug-in hybrid (PHEV) powertrain. The SUV has a 1.6L, turbocharged GDi ...
    01-Sep-2020 News New Products
    SEAT opens new electromobility learning center in Spain
    Spanish automaker SEAT has announced the opening of its new electromobility learning center in order to provide a complete training program on electric vehicles (EVs) for its entire workforce. According to a press release issued by SEAT on 28 August, this new training center will be located wit...
    01-Sep-2020 News Investments
    AutoTechInsight Weekly – 31 August 2020
    Click the link above to download this week's issue
    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...
    Toyota launches Yaris Cross Hybrid in Japan with electric 4WD system
    Japanese car maker Toyota Motor Corporation has announced the release of the Yaris Cross compact SUV in Japan. According to a press release issued by Toyota on 31 August, the vehicle will be available through Toyota dealers across the nation from 31 August onwards. The hybrid version of this vehi...
    31-Aug-2020 News New Products
    Porsche launches Panamera 4S E-Hybrid with 17.9 kWh battery, 100 kW electric motor
    German sportscar manufacturer Porsche has introduced the revamped version of its four-seater, the Panamera. According to a press release issued by the company on 26 August, the updated Porsche Panamera also comes in a new plug-in hybrid avatar called the 4S E-Hybrid. The new Panamera 4S E-Hybrid ...
    28-Aug-2020 News New Products
    US Securities and Exchange Commission charges BorgWarner for misstating financial statements
    The US Securities and Exchange Commission (SEC) has settled charges against BorgWarner Inc., a motor vehicle parts manufacturer headquartered in Michigan, United States, for materially misstating its financial statements by failing to account for certain asbestos liabilities, according to a press re...
    Hyundai Mobis in talks with two global automakers to supply electrified parts
    Hyundai Mobis is in talks with two global automakers to supply parts for electrified vehicles, Reuters reported on 25 August. The company is hoping to win the order from automakers before the end of the year. “We were not able to supply to other companies because we were busy with keeping up with ...
    BorgWarner to supply EGR modules for FCA’s mild hybrid vehicles
    BorgWarner, a US-based automotive powertrain components and systems supplier, has announced that it will be supplying exhaust gas recirculation (EGR) modules for the mild-hybrid vehicle fleet of Fiat Chrysler Automobiles (FCA). In a press statement issued by BorgWarner on 26 August, the company m...
    27-Aug-2020 News New Products
    McLaren unveils lightweight vehicle architecture for hybrid supercars
    McLaren Automotive confirmed the introduction of the brand’s all-new, flexible, lightweight vehicle architecture which will form the underpinnings of McLaren’s next generation of electrified supercars. According to a press release issued by McLaren on 25 August, the company states that this new ...
    26-Aug-2020 News New Products
    FCA recalls 132,000 vehicles globally to update powertrain control module software
    Fiat Chrysler Automobiles (FCA) is recalling nearly 132,000 vehicles in globally to update powertrain control module software, according to a report by Automotive News Canada on 24 August. The recall covers some 58,000 units in the United States, and 22,079 in Canada. The recall involves certain mod...
    25-Aug-2020 News Recalls
    INVESTMENT: Magna to establish powertrain systems metal-forming plant in Slovakia
    Canadian automotive components and systems supplier, Magna, has announced a new investment for expanding its powertrain solutions business in Slovakia. According to a press release issued by Magna on 24 August, the company has stated that it will be setting up a new facility at Kechnec, Slovakia. ...
    25-Aug-2020 News Investments
    Volkswagen starts sales of new Golf eHybrid and GTE PHEVs
    German carmaker Volkswagen (VW) has launched two new electrified versions of its eighth-generation Golf hatchback. In a press release issued by VW on 21 August, the company stated that the two new plug-in hybrid  (PHEV) versions of the Volkswagen Golf, namely the Golf GTE and the Golf eHybrid, ...
    24-Aug-2020 News New Products
    AutoTechInsight Weekly – 24 August 2020
    Click the link above to download this week's issue
    FCA recalls nearly 58,000 vehicles in US to update powertrain control module software
    Fiat Chrysler Automobiles (FCA) is recalling Approximately 58,000 vehicles in the United States to update powertrain control module software, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website. The recall covers certain model year (MY) 2014–16 Jeep G...
    24-Aug-2020 News Recalls
    Porsche launches internal investigation into suspected petrol engine manipulation
    Volkswagen-owned German carmaker Porsche AG has launched an internal investigation into suspected manipulation of its petrol engines. According to a report filed by news agency Reuters on 23 August, Porsche has informed Germany’s automotive regulatory body KBA, the US authorities, and the Stuttgar...
    SPIN-OFF: Alfa’s shareholders approve spin-off of Nemak
    Nemak, S.A.B. de C.V. has announced that shareholders of its parent company Alfa S.A.B. de C.V. have approved a proposal to spin off its entire ownership stake in Nemak, S.A.B. de C.V., according to a company press release on 17 August. The proposal includes transfer Alfa’s entire share ownership ...
    GKN Automotive appoints Dirk Kesselgruber as president of ePowertrain division
    GKN Automotive has appointed Dirk Kesselgruber as the new president of its ePowertrain division, effective 1 October, the company said in a press release on 20 August. Kesselgruber will report directly to GKN Automotive’s CEO, Liam Butterworth. Prior to GKN, he had worked with Schaeffler AG, wh...
    EIB grants USD59 million loan to powertrain developer AVL
    The European Investment Bank (EIB) has provided an EUR50 million (approximately USD59.2 million) loan to powertrain systems supplier, AVL List GmbH. This financing is in addition to an EUR70 million loan that was signed in December 2017 to support AVL’s electric drive-related activities, incl...
    21-Aug-2020 News Investments
    Volvo launches XC40 Recharge T4 PHEV
    Sweden-based automobile manufacturer, Volvo Cars, has announced that it has launched the new XC40 Recharge Plug-in Hybrid T4, which is the second plug-in hybrid (PHEV) petrol-electric version of this compact sports utility vehicle (SUV). According to a press release issued by Volvo on 20 August, the...
    21-Aug-2020 News New Products
    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...
    California Air Resources Board finalizes agreements to cut vehicle emissions
    The California Air Resources Board (CARB) and major automotive OEMs have announced that they have finalized binding agreements to lower vehicular emissions in the state of California, United States. According a report filed by news agency Reuters on 18 August, this move comes in defiance of the Trum...
    AutoTechInsight Webinar: The Future of User Interface and User Experience & SID Display Week Review
    Watch an on-demand replay now AutoTechInsight Webinar: The Future of User Interface and User Experience & SID Display Week Review As OEMs continue to look for more ways to differentiate their brands from their competitors, the interior of the vehicle has become a main area of rese...
    19-Aug-2020 News Webinars
    Varroc’s Q2 revenue falls 55.5% y/y to USD169.1 million
    Varroc Engineering has reported a decline of 55.5% year on year (y/y) in revenue from operations to INR12.7 billion (USD169.1 million) for the first quarter ended 30 June 2020, according to a regulatory filing on 14 August. Net loss for the quarter stood at INR2.9 billion compared with net profit of...
    Volvo recalls 1,409 vehicles in Australia over issue with cooling system
    Volvo is recalling 1,409 vehicles in Australia over an issue with cooling system, according to a recall notice on the ACCC website on 16 August. The recall affects certain model year (MY) 2014–17 Volvo S60, V60, XC60, V40, and V40CC vehicles equipped with a 4-cylinder diesel engine. Signif...
    18-Aug-2020 News Recalls
    AutoTechInsight Weekly – 17 August 2020
      Click the link above to download this week's issue
    thyssenkrupp’s October-June sales slide 15% y/y to USD25.6 billion
    Germany-based components and systems supplier, thyssenkrupp AG, has released its financial results for the first nine months of the 2019–20 fiscal year. According to a press released issued by thyssenkrupp dated 13 August, the company announced that it posted sales of EUR21.6 billion (approximatel...
    Kia Stonic crossover gets 48V mild hybrid powertrain
    South Korean carmaker Kia Motors has announced that the latest version of its crossover, the Stonic, will be equipped with a 48V mild hybrid powertrain option. According a press release issued by Kia Motors on 5 August, the company stated that the vehicle will get the EcoDynamics+ mild hybrid p...
    17-Aug-2020 News New Products
    BMW launches 545e plug-in hybrid sedan
    German luxury and sports vehicle manufacturer BMW has introduced the newest plug-in hybrid variant of its range-topping 5-Series sedan, the 545e xDrive. In a press release issued by BMW on 12 August, the company announced that the BMW 5-Series lineup will now include five plug-in hybrid mo...
    14-Aug-2020 News New Products
    KSM Castings to lay off 400 employees in Germany as part of planned restructuring
    KSM Castings Group GmbH, one of the leading automotive suppliers of lightweight aluminum and magnesium cast components for chassis, transmissions, and engines, has announced that the company will adjust personnel capacities in Germany as part of a planned restructuring, the company said in a pr...
    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...
    NTN Corporation’s Q1 2020 net sales fall 46.5% y/y to USD871 million
    Japan-based automotive components supplier, NTN Corporation, has published its financial results for the first quarter of 2020. According to a press release issued by NTN Corporation on 4 August, the company posted a net sales of JPY91.9 billion (approximately USD871 million) during first quarter 20...
    New Mercedes-Benz E-Class line-up gets electrified powertrain options
    German luxury and sports vehicle manufacturer, Mercedes-Benz, has announced electrified powertrain options for its new E-Class product line. According to a press release issued by Mercedes-Benz in mid-August, the company stated that seven new models that encompass diesel and petrol, saloon and estat...
    14-Aug-2020 News New Products
    AAM’s Q2 2020 sales slide 69.7% y/y to USD515.3 million
    American Axle & Manufacturing Holdings (AAM) has reported a 69.7% year-on-year (y/y) slump in second quarter sales at USD515.3 million, the company said in a press release on 31 July. Net loss came in at USD212.2 million compared with a profit of USD52.7 million a year earlier. “AAM’s fin...
    Martinrea Q2 2020 slides 51.4% y/y to USD345.54 million
    Martinrea has reported a fall of 51.4% year on year (y/y) in its revenues to CAD460.5 million (USD345.54 million) for the second quarter ended 30 June 2020, according to a company press release on 10 August. Net loss for the period was CAD146.8 million, compared with net income of CAD28.1 million. T...
    Is there a safe haven for diesel powertrain technology?
    The push for environmentally friendly vehicles has been increasing drastically over the past few years, and vehicles powered by diesel have always been bearing the brunt of it. This friction has become even more apparent after various diesel emissions scandals that hit the industry, which have resul...
    Rheinmetall’s Q2 2020 sales drop 15.8% y/y to USD1.39 billion
    Rheinmetall has posted a 15.8% year-on-year (y/y) decline in second quarter sales at EUR1.24 billion (USD1.39 billion). Operating result came in at EUR36 million compared with EUR110 million last year. Operating margin shrunk to 2.9% from 7.4%. For the first half, Rheinmetall’s sales fell ...
    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 ...
    ElringKlinger Q2 2020 revenue slips 41.9% y/y to USD297.3 million
    German automotive components supplier, ElringKlinger, has announced its financial results for the second quarter of this year. According to a press release issued by ElringKlinger on 7 August, the company has posted a revenue of EUR252.2 million (approximately USD297.3 million). This implies a reduc...
    M&A: MiddleGround Capital acquires majority ownership in US supplier Dura Automotive
    MiddleGround Capital has acquired a majority stake in Dura Automotive Systems, the US-based supplier said in a press release on 6 August. The US-based private equity firm bought the stake in Dura from Bardin Hill Investment Partners. Dura Automotive specializes in highly-integrated mechatronic sy...
    Tata Motors recalls Zest, Tiago hatchbacks in India over potential emission issue
    Tata Motors has issued a recall program for its hatchbacks Tiago and Zest in India over potential emission compliance issue, ET Auto reported on 10 August. The recall campaign affects the Zest AMT and Tiago 1.05 RTQ BS-IV variants. The number of affected vehicles was not disclosed by the automa...
    11-Aug-2020 News Recalls
    JOINT VENTURE: Continental, aft automotive partner to produce couplings made of high-performance plastics
    Germany-based automotive components and systems supplier, Continental, has announced that it is setting up a 50:50 joint venture (JV) with system supplier, aft automotive, to manufacture couplings made using high-performance plastics. According to a press release issued by Continental dated 10 Au...
    AutoTechInsight Weekly – 10 August 2020
      Click the link above to download this week's issue
    ZF Group’s H1 2020 sales drop 26.4% y/y to USD15.2 billion
    ZF Friedrichshafen has reported a 26.4% year-on-year (y/y) decline in sales in EUR13.5 billion (USD15.2 billion) for the first half ended 30 June 2020, according to a company press release on 7 August. The company posted negative EBIT of EUR640 million, compared with positive EBIT of EUR380 million ...
    Hirschvogel invests in UK-based autonomy and e-mobility software startup Eatron
    ​​Germany-based Hirschvogel Automotive Group’s strategic investment subsidiary Hirschvogel Ventures has announced that it will invest over EUR1 million in UK-based autonomy and e-mobility software startup Eatron Technologies, the startup announced in a press release on 13 July. The two compani...
    10-Aug-2020 News Investments
    Magna’s Q2 2020 sales fall 57.6% y/y to USD4.2 billion
    Canada-based automotive components manufacturer Magna has reported a 57.6% year on year (y/y) in sales to USD4.2 billion for the second quarter ended 30 June 2020, according to a company press release on 7 August. Loss from operations before income taxes amounted to USD789 million compared with inco...
    Cooper Standard Q2 2020 sales fall 55.5% y/y to USD340.47 million
    Cooper Standard’s net sales declined 55.5% year on year (y/y) to USD340.5 million in the second quarter ended 30 June 2020, the US-based automotive supplier said in a press release on 4 August. The company reported a net loss of USD134.2 million, compared with a net income of USD145.2 million in t...
    Delphi Q2 2020 revenue slides 44% y/y to USD628 million
    Delphi has reported a 44% y/y decline in revenue to USD628 million for the second quarter ended 30 June 2020, the company announced in a press release on 5 August. Operating loss for the quarter was USD60 million, compared with operating income of USD56 million in the prior year period. Ne...
    FCA considers recalling nearly 1 million vehicles with 2.4L Tigershark engine in US over emissions issue
    Fiat Chrysler Automobiles (FCA) is preparing for a possible recall of nearly one million vehicles equipped with its 2.4-liter Tigershark engine in the United States over emissions issue, FCA said in a filing with the Securities and Exchange Commission (SEC) on 31 July. The automaker didn't specify w...
    07-Aug-2020 News Recalls
    Tenneco’s Q2 2020 revenue drops 42.2% y/y to USD2.6 billion
    Tenneco has reported second quarter 2020 revenue of USD2.6 billion, down 42.2% year on year (y/y), according to a company press release on 6 August. The company reported a net loss for the quarter of USD350 million, compared with net income of USD26 million in the same period of the previous fiscal ...
    Schaeffler’s H1 2020 revenue shrinks 21.8% y/y to USD6.62 billion
    Germany-based automotive components supplier, Schaeffler AG, has released its financial results for the first half of 2020. In a press statement issued by Schaeffler on 4 August, the company announced that it generated  a revenue of EUR5.57 billion (approximately USD6.62 billion) during the fir...
    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...
    BorgWarner’s Q2 2020 net sales declines 44% y/y to USD1.43 billion
    American automotive powertrain components and systems supplier, BorgWarner, has announced its financial results for the second quarter of this year. In a press statement issued by BorgWarner on 5 August, the company stated that it registered net sales of USD1.43 billion during the second quarter&nbs...
    Illinois Tool Works’ Q2 2020 revenue declines 29% y/y to USD2.56 billion
    US-based automotive components and specialty products supplier, Illinois Tool Works, has reported its financial results for the second quarter of this year. In a press release issued by ITW on 31 July, the company stated that it posted a revenue of USD2.56 billion during the second quarter 2020...
    PLANT CLOSURE: MANN+HUMMEL ends production at automotive filters plant in Ludwigsburg, Germany
    MANN+HUMMEL Group has decided to end production at its filters plant in Ludwigsburg, Germany, the company said in a press release on 30 July 2020. The Ludwigsburg plant produces fuel, oil, and air filter systems for automotive OE. The company said that its Ludwigsburg plant will no longer accept any...
    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...
    Toyota collaborates with BluE Nexus on electric drive modules for electrified vehicles
    Toyota has partnered with BluE Nexus Corporation for development of electric drive modules for electrified vehicles, the automaker announced in a press release on 31 July. Toyota will acquire a 10% stake in BluE Nexus as part of the collaboration. BluE Nexus and Toyota intend to strengthen their com...
    Vitesco, Padmini VNA form JV to offer clean powertrain solutions in India
    Vitesco Technologies and Padmini VNA Mechatronics have signed a joint venture partnership to establish a new company called "PV Clean Mobility Technologies". According to a press statement issued by Vitesco Technologies on 30 July, this new company will offer clean powertrain technologies for the In...
    Toyota Industries Q1 net sales down 21.8% y/y to USD4.01 billion
    Toyota Industries has reported a 21.8% year-on-year (y/y) decline in net sales to JPY430.8 billion (USD4.01 billion) for the first quarter ended 30 June 2020, according to a company press release on 31 July. The operating loss for the quarter was JPY6.5 billion compared with an operating profit of J...
    Dana’s Q2 2020 sales drop 53% y/y to USD1.08 billion
    US automotive components supplier, Dana Inc., has released its financial results for the second quarter of 2020. The company registered sales of USD1.08 billion, which implies a fall of 53% year on year (y/y) from the sales figure of USD2.3 billion during second quarter 2019. The reason for this ste...
    loading
    preload preload preload preload preload