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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
    Osram, ams sign ‘Domination and Profit And Loss Transfer Agreement’ (DPLTA)
    Austria sensor specialist ams has concluded as the controlling company a domination and profit and loss transfer (DPLTA) agreement with German supplier OSRAM Licht AG as the controlled company, the two companies announced in separate press release on 22 September 2020. "We are very pleased to con...
    EU clears JV between Hella and Minth in China
    The European Commission (the Commission) has approved, under the EU Merger Regulation, the creation of a joint venture (JV) in China between HELLA Holding International GmbH and China-based Minth Investment Co. in China, according to an official press release on 23 September on the website of EC. HE...
    HELLA’s Q1 2020/21 sales drop 10% y/y to USD1.6 billion
    HELLA reported a 10.6% year-on-year (y/y) decline in currency and portfolio-adjusted consolidated sales to EUR1.4 billion (USD1.6 billion) for the first quarter ended 31 August 2020, according to a company press release on 24 September 2020. The adjusted EBIT also dropped 49.5% y/y to EUR56 million....
    Continental, Osram agree to dissolve automotive lighting JV
    Continental has decided to repatriate the joint venture (JV) with Osram, according to a Continental press release on 23 September. The two companies plan to dissolve their 50:50 JV for intelligent automotive lighting systems ‘Osram Continental’, which was founded in 2018. The two companies are c...
    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
    Seoul Semiconductor supplies WICOP Bi-color LED products for MY 2020 Audi A4 headlamp
    Seoul Semiconductor has announced that it has supplied WICOP Bi-color LED products for daytime running lights and front turn signals of the MY2020 Audi A4 headlamp, a company press release on 22 September read. “The [WICOP Gen2] family has been developed as a light source suitable for automobil...
    Lumileds appoints Matt Roney as CEO
    Lumileds, a major supplier of lighting solutions, has appointed Matt Roney as the company’s CEO, effective 1 October 2020, according to a press release on 21 September. Most recently, Roney served as president of Lumileds’ Automotive Business Unit. He succeeds Dr. Jonathan Rich who will continue...
    Volkswagen’s ID.4 EV features optional ‘IQ.Light’ with LED matrix headlights
    Volkswagen’s new pure electric vehicle (EV) ID.4 features LED matrix headlights with IQ.Light technology as optional, the automaker announced in a press release on 21 September. The lighting system’s light modules are made up of 11 individual LEDs each, which can be individually switched off and...
    AutoTechInsight Weekly – 21 September 2020
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    Toyoda Gosei develops LED illuminated emblem
    Toyoda Gosei Co., Ltd. has developed an LED illuminated emblem to light up the front face of vehicles, the Japanese supplier said in a press release on 18 September 2020. It will be used on several models of VOYAH, a luxury brand of new energy vehicles (NEVs) that will be launched starting in 2021 b...
    21-Sep-2020 News New Products
    BMW recalls 300 vehicles in US to replace headlights
    BMW is recalling nearly 300 vehicles in the United States to replace headlights, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website. The recall covers certain model year (MY) 2020–21 BMW X5 and X5M, X6 and X6M, and X7 sport utility vehicles (SUVs). T...
    18-Sep-2020 News Recalls
    Elmos develops high-precision stepper motor driver for headlight adjustment
    Elmos has developed a high-precision stepper motor driver with the primary application in headlight adjustment, the company announced on 16 September via a press release. Other applications include valves for thermal management, air conditioning flap control, cruise control, or front grill adjustmen...
    17-Sep-2020 News New Products
    Osram raises guidance due to stronger business recovery
    Germany-based Osram Licht AG has raised the guidance for the fiscal year 2020 due to stronger business recovery in summer, in particular in August, the company announced in a press release on 16 September. The company now expects a comparable revenue decline of approximately -14% as compared with...
    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 ...
    EV startup Human Horizon’s HiPhi X SUV features programmable, customizable matrix lighting system
    Human Horizons has announced that its smart, all-electric vehicle HiPhi X will feature programmable and customizable matrix lighting system, according to a press release on 14 September. The lighting system comprises of dual-core lighting modules with Programmable Matrix Lighting (PML) and Inte...
    15-Sep-2020 News New Products
    BMW recalls 4,265 vehicles in US over headlamps issue
    BMW and Toyota are recalling 4,265 vehicles in the United States due to some headlamps issue, 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 Z4 sDrive30i, Z4 M40i and MY 2020 Toyota ...
    15-Sep-2020 News Recalls
    AutoTechInsight Weekly – 14 September 2020
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    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...
    Lucid Air’s headlamps feature Micro Lens Array system
    Electric vehicle (EV) startup Lucid Motor’s upcoming all-electric sedan ‘Air’ features ‘Micro Lens Array’ system, according to a company press release on 9 September. The Micro Lens Array system is comprised of thousands of ‘light channels.’ The lighting system is developed in-hou...
    11-Sep-2020 News New Products
    Wipro secures multiyear automotive engineering services contract from Marelli
    Wipro has secured a multiyear automotive engineering services contract from MARELLI, a company press release read on 8 September. Wipro will utilize the EngineeringNXT framework to establish a software engineering factory for MARELLI and improve its operational efficiency and develop technologies on...
    Nissan recalls 5,520 vehicles in US to replace LED headlight
    Nissan is recalling 5,520 vehicles in the United States to replace LED headlight, according to a recall notice on the National Highway Traffic Safety Administration (NHTSA) website on 26 August. The recall covers certain MY 2020 Sentra vehicles. The recall is expected to begin 5 October 2020. ...
    08-Sep-2020 News Recalls
    AutoTechInsight Weekly – 7 September 2020
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    Osram launches high-quality LED solutions for automotive sector
    Osram has unveiled the successor generation of the Oslon Compact PL and new versions of the Oslon Black Flat S LED solutions for automotive applications, according to a company press release on 3 September. The new Oslon Black Flat and Oslon Compact products are designed for use in high and low beam...
    04-Sep-2020 News New Products
    HELLA to supply integrated lighting systems to Chinese EV maker
    German lighting and electronics supplier HELLA will produce integrated lighting systems for a leading Chinese electric vehicle (EV) manufacturer, according to a company press release on 3 September 2020. The customer project includes two vehicle series—the first has recently been launched, the ...
    04-Sep-2020 News New Products
    New Mercedes-Benz S-Class features multibeam LED headlamp as standard
    The new Mercedes-Benz S-Class features multibeam LED headlamp as standard, the automaker announced in a press release on 2 September. The headlamp featuring Adaptive Highbeam Assist Plus also has variable control of low and high beam. The model also has optional ‘Digital Light’ system, which ent...
    03-Sep-2020 News New Products
    Volkswagen uses Röhm’s PLEXIGLAS® molding compounds for ID.3’s lighting design
    Volkswagen used Röhm’s PLEXIGLAS® molding compounds for its ID.3’s lighting design, according to a press release by Röhm on 1 September. Röhm’s PLEXIGLAS® Resist AG 100 is used in the light strip cover of the model. This special molding compound is impact-resistant and boasts higher heat ...
    VDA survery reveals most suppliers expect to return to pre-crisis levels starting in 2022
    Most auto parts suppliers in Germany expect to return to pre-crisis level starting in 2022, according to the findings of a survey of automotive suppliers by the German Association of the Automotive Industry, published on 25 August. “The political measures to support businesses are indeed taking ef...
    02-Sep-2020 News COVID-19
    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...
    Melexis develops new RGB-LED driver for automotive interior lighting
    Melexis, a global microelectronics engineering company, has developed a new multichannel RGB-LED driver - MLX81116 – for automotive interior lighting applications, according to a company press release on 27 August 2020. The MLX81116 supports the MeLiBu™ high speed communication IP to enable inte...
    31-Aug-2020 News New Products
    Fog lamps fitment to decline over mid to long-term
    Fog lamps are entirely different from regular headlights and have a very specific use. Designed to cut through fog more effectively than headlights, fog lamps ensure effective road illumination in fog, snow fall, rainstorms, or dust clouds. Despite its safety function and style statement, fitment of...
    Marquardt, Preh, and TactoTek join ISELED Alliance
    Auto parts suppliers Marquardt, Preh, and TactoTek have joined the Integrated Serial/Smart Embedded Light Emitting Diode (ISELED) Alliance, ISELED announced in a press release on 24 August. Marquardt is a family-run Germany-based company engaged in manufacturing of electromechanical and elec...
    AutoTechInsight Weekly – 24 August 2020
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    Škoda’s ENYAQ iV EV features full LED matrix headlights
    Škoda’s all-electric sport utility vehicle (SUV) ENYAQ iV features full LED matrix headlights with an emotive design language, the Czech automaker said in a press release on 19 August. ENYAQ iV is the first Škoda model based on the modular electrification toolkit (MEB) to be presented to global ...
    20-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...
    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...
    Opel Grandland X features blue light in windshield to signal electric driving mode
    Opel Grandland X plug-in hybrid electric vehicle (PHEV) features a blue light in the windshield just below the interior mirror, which indicates that the vehicle is driving in electric mode, Opel announced in a press release on 5 August. When the PHEV drives in electric mode, a blue light in the wind...
    19-Aug-2020 News New Products
    AutoTechInsight Weekly – 17 August 2020
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    HELLA’s FY 2019/20 sales decline 16.6% y/y to USD6.5 billion
    German supplier HELLA has announced results for fiscal year (FY) 2019/2020 ended 31 May 2020. According to a company press release on 14 August, the company’s sales declined 16.6% year on year (y/y) to EUR5.83 billion (USD6.5 billion) and its currency and portfolio-adjusted sales declined by 14.3%...
    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...
    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...
    Ichikoh’s H1 net sales down 22.7% y/y to USD481.5 million
    Ichikoh Industries, a Valeo company, has reported a 22.7% year-on-year (y/y) decline in net sales to JPY51.7 billion (USD481.5 million) for the first six months ended 30 June 2020, according to a company press release on 7 August. Net loss for the period was JPY636 million, compared with net income ...
    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...
    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...
    AutoTechInsight Weekly – 3 August 2020
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    Audi introduces digital OLED technology in rear lights of the Q5
    Audi has introduced the next generation of a lighting technology ‘digital OLED technology’ in Q5 model, the automaker announced in a press release on 29 July. The new digital OLED technology promises to improve road safety and is the first to allow for personalization of the taillight signatu...
    31-Jul-2020 News New Products
    Osram’s Q3 revenues decline 28.7% y/y to USD681.5 million
    Osram has reported a 28.7% year-on-year (y/y) decline in revenue to EUR606 million (USD681.5 million) for the third quarter ended 30 June 2020, according to a press release on 29 July. Adjusted EBITDA was negative EUR27 million, compared with positive adjusted EBITDA of EUR58 million. The company re...
    INTERVIEW: Dr. Dirk Linzmeier, CEO of OSRAM Continental
    OSRAM Continental is a major lighting solutions supplier that combines light with advanced electronics and software expertise. In an interview with IHS Markit, Dr. Dirk Linzmeier, CEO of OSRAM Continental, talked about his company’s effort toward integration of advanced electronics and software fo...
    29-Jul-2020 News Interviews
    PLANT CLOSURE: Marelli Automotive Lighting to permanently close plant in Michigan, US
    Marelli has announced plans to permanently close its Michigan lighting plant. According to a Worker Adjustment and Retraining Notification (WARN) notice on 27 July on the website of Mighigan.gov. Marelli Automotive Lighting USA will close its Clarkston, Michigan factory, affecting 263 employees. The...
    Koito’s Q1 sales decline 45% y/y to USD1.02 billion
    Koito's net sales declined 45% y/y to JPY108.3 billion (USD1.02 billion) in the first quarter ended 30 June 2020, according to a company press release on 28 July. The company posted JPY4.9 billion net loss for the quarter, compared with a net profit of JPY13.9 billion in the same period a year ago. ...
    HELLA announces preliminary figures for FY 2019/20
    German supplier HELLA has announces preliminary figures for fiscal year (FY) 2019/2020 ended 31 May 2020. According to a company press release on 28 July, the company’s currency and portfolio-adjusted sales declined by 14.3% year on year (y/y) to EUR5.8 billion (USD6.4 billion). Adjusted EBIT for ...
    AutoTechInsight Weekly – 27 July 2020
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    Hyundai Mobis Q2 sales declines 20.4% y/y to USD6.24 billion
    Hyundai Mobis has reported 20.4% year-over-year (y/y) decline in net sales to KRW7.54 trillion (USD6.24 billion) in the second quarter ended 30 June 2020, the company said in a regulatory filing. Operating profit fell by 73.1% y/y to KRW168.7 billion. Hyundai Mobis concluded the second quarter with ...
    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
    Diodes unveils automotive-compliant dual PNP transistors for matrix LED lighting
    Diodes Incorporated has unveiled new automotive-compliant dual PNP transistors, ZXTP56060FDBQ and ZXTP56020FDBQ, according to a company press release on 23 July. The new products provide OEMs with a highly efficient solution for controlling matrix LED light clusters. The devices with very low VCE(SA...
    24-Jul-2020 News New Products
    Valeo H1 2020 sales declines 27.8% y/y to USD7.92 billion
    French automotive components supplier Valeo has announced its financial results for the first half of this year. According to a press statement issued by Valeo on 21 July, the company posted sales of EUR7.06 billion (USD8.1 billion) (approximately USD7.92 billion) during the first half of 2020, whic...
    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...
    More lower segment vehicles to introduce ambient lighting in instrument panel
    Automakers are increasingly focused on offering more dynamic interior lighting elements in their new models as colors and light play a powerful role in creating mood and feeling. Therefore, ambient lighting is quickly garnering traction among automakers. In fact, the use of ambient lighting in the i...
    AutoTechInsight Weekly – 20 July 2020
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    Dominant Opto Technologies develops digital driver LED for automotive applications
    Dominant Opto Technologies has developed the first seddLED3.0 part number A3A-FKG-1400-1, a digital driver LED for automotive ambient lighting, the company said in a press release on 17 July. According to Dominant Opto, the seddLED (Smart Embedded Digital Driver LED) is the world’s first digita...
    20-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...
    INTERVIEW: OEMs globally are moving up the lighting value chain, says Varroc’s Arjun Jain
    Varroc is a global tier-1 automotive component group offering a range of exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components for passenger cars. In an interview with IHS Markit, Arjun Jain, president, Electrical-Electronics ...
    15-Jul-2020 News Interviews
    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...
    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,...
    AutoTechInsight Weekly – 13 July 2020
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    M&A: Austrian supplier ams completes acquisition of Osram
    Austrian sensor specialist ams has announced the successful closing of Germany-based OSRAM Licht AG acquisition, ams said in a press release on 9 July 2020. “The takeover offer has been fully settled today and the offer price paid to the holders of the tendered shares,” according to a compa...
    New Opel Mokka-e EV features IntelliLux LED® matrix headlights
    Opel’s new all-electric Mokka-e features IntelliLux LED® matrix headlights, according to a company press release on 24 June. This is the first B-segment model to have glare-free IntelliLux LED® matrix light. All Mokka variants are equipped with latest generation LED lamps—from daytime runni...
    09-Jul-2020 News New Products
    M&A: Austrian sensor firm ams receives EU approval for Osram acquisition
    Austria-based sensor specialist ams has received unconditional regulatory approval on 6 July from the EU commission for the acquisition of Germany-based Osram Licht AG, ams said in a press release. “The EU regulatory approval constituted the last remaining condition precedent for closing the trans...
    AutoTechInsight Weekly – 06 July 2020
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    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
    New Volkswagen Tiguan features LED matrix headlights 'IQ.LIGHT'
    The new Volkswagen Tiguan features new LED matrix headlights ‘IQ.LIGHT’, according to a company press release on 1 July. The IQ.Light LED matrix headlight with an intelligent light control makes night driving more comfortable and safer. The LED headlights use a matrix of individually controll...
    03-Jul-2020 News New Products
    Varroc’s FY 2019/20 revenue down 7.5% y/y to USD1.5 billion
    Varroc Engineering has reported a decline of 7.5% year on year (y/y) in revenue from operations to INR111.2 billion (USD1.5 billion) for the fiscal year ended 31 March 2020, according to a regulatory filing on 25 June. Net profit for the year stood at INR1.91 million compared with net profit of INR4...
    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...
    Röhm develops new molding compound for Volkswagen Golf front lighting
    Röhm GmbH supplied PLEXIGLAS® molding compounds for the new Volkswagen Golf’s front lighting, the company said in a press release on 26 June. The company supplied its PLEXIGLAS® Resist AG 100 and PLEXIGLAS® Hi-Gloss NTA-5, both materials are specialists for the front of vehicles. These molding...
    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 ...
    Valeo files patents on lighting, 48V systems, telematics systems, cleaning systems in 2019
    Valeo has filed 1,034 patents in 2019, confirming its strong capacity for innovation, according to a company press release on 26 June 2020. With new patents filed with the National Institute of Industrial Property (INPI) in 2019, Valeo’s innovations are now protected by a portfolio of more than 33...
    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 ...
    US NHTSA probes headlight issue in 392,000 Kia Sorento SUVs
    The US National Highway Traffic Safety Administration (NHTSA) has opened an investigation into reports of headlight failures in certain Kia vehicles, according to a Reuters report on 24 June. The investigation involves 392,000 units of model year (MY) 2011-2013 Kia Sorento sport utility vehicles (SU...
    26-Jun-2020 News Recalls
    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
    AutoTechInsight Weekly – 22 June 2020
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    COVID-19 pandemic: 40 auto parts suppliers in Puebla, Mexico to resume operations on 22 June
    Auto parts suppliers in Mexico’s Puebla city are preparing to restart operations as restrictions are being lifted, according to a report by Cluster Industrial on 17 June. Gabriel Covarrubias Lomelí, president of Mexico’s National Chamber of the Transformation Industry (Canacintra), recently con...
    22-Jun-2020 News COVID-19
    COVID-19 pandemic: Suprajit Engineering’s most plants in India are operating at limited capacity
    Suprajit Engineering has informed that most of its plants in India are operating at limited capacity, according to its regulatory filing on the Bombay Stock Exchange (BSE) on 12 June. The company said most of the plants have resumed operations with a very low level of production and reduced workforc...
    22-Jun-2020 News COVID-19
    HELLA and Minth to form new JV in mainland China to develop radomes and illuminated logos
    HELLA and the Minth Group have agreed to establish a new joint venture (JV) in mainland China to develop radomes and illuminated logos, according to a company press release on 19 June 2020. The new JV, to be called HELLA MINTH Jiaxing Automotive Parts Co. Ltd., will be funded by both partners in equ...
    COVID-19 pandemic: ACEA, CLEPA, CECRA call EU for urgent support for struggling automotive sector
    The European Automobile Manufacturers Association (ACEA), the European Association of Automotive Suppliers (CLEPA), and the European Council for Motor Trades and Repairs (CECRA), which represent vehicle manufacturers, auto parts suppliers, and dealers, respectively, have requested the European Union...
    19-Jun-2020 News COVID-19
    Lumax Industries’ FY 2019/20 revenue down 13.5% y/y to USD212.8 million
    Lumax Industries has reported a 13.5% year-on-year (y/y) decline in revenue from operations to INR16 billion (USD212.8 million) for the fiscal year ended 31 March 2020, according to a company regulatory filing on 18 June. Profit before tax for the period was also down by 31.6% y/y to INR917.3 millio...
    Vietnam ratifies trade agreement with EU
    Vietnam ratified a free trade agreement (FTA) with the European Union (EU) on June 8 2020. The ratified FTA will cut or eliminate 99% of tariff on goods traded between the Southeast Asian country and the 27-member bloc, according to a report by Reuters. The European Union Vietnam Free Trade Agreemen...
    OSRAM expects FY 2020 revenue to decline 15–19% y/y
    Germany-based OSRAM Licht expects a revenue decline of 15–19% year on year (y/y) for the fiscal year (FY) 2020, according to a company press release on 17 June. The company anticipates adjusted EBITDA margin of 3–6% and a negative free cash flow in the mid-double digit to lower triple digit mill...
    COVID-19 pandemic: Latest lockdown in Tamil Nadu, India, could impact operations at some automakers, suppliers
    Tamil Nadu has announced an intense lockdown in Chennai and three neighboring districts Kanchipuram, Chengalpattu, and Tiruvallur for 12 days starting 19 June to curb the sharp increase in COVID-19 cases. The state government move is expected to adversely impact the manufacturing operation...
    17-Jun-2020 News COVID-19
    Suppliers to the new Toyota Yaris
    The fourth generation Toyota Yaris is assembled at Toyota’s plant in Valenciennes-Onnaing, France. According to IHS Markit production forecasts, output of the new generation Toyota Yaris from the plant is expected to peak in 2021 at over 129,000 units. If you would like your company in...
    AutoTechInsight Weekly – 15 June 2020
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    Toyoda Gosei announces management and organizational changes
    Toyoda Gosei has announced certain management and organizational changes, the Japanese supplier said in a press release on 12 June. The company has established a new Emblem Business Division to accelerate business planning development and production of millimeter wave compatible emblems, a key produ...
    COVID-19 pandemic: Magna resumes production at Mexican plants
    Canada-based Magna International has resumed operations at all of its plants in Mexico, according to a report by CE Noticias Financieras on 13 June. "All of our plants in Mexico have received government approval to restart production and substantially all are operational," the report said citing a c...
    15-Jun-2020 News COVID-19
    Asian markets to drive growth of DRL fitment over next decade
    Daytime running lights (DRL) not only help vehicles stand out on a dull day but have also become an important part of automakers’ brand identity. DRLs are used primarily to increase the visibility of vehicles; they do not illuminate the road ahead. DRLs are fitted on the front end of a vehicle nea...
    New Škoda Octavia Scout features full LED Matrix headlights
    The new generation of the Škoda Octavia features full LED Matrix headlights, according to a press release on 10 June. The Octavia Scout is also equipped with LED fog lights as standard and bears exclusive Scout badges on its front wings. Significance: Škoda offers full LED Matrix headlights in ...
    10-Jun-2020 News New Products
    COVID-19 pandemic: Lumax says profitability for Q4 2020 and Q1 2021 likely to be adversely impacted
    Indian auto parts supplier Lumax Industries said in a regulatory filing on 1 June that the company expects the profitability for the fourth quarter of 2020 and the first quarter of 2021 likely to be adversely impacted due to the ongoing COVID-19 pandemic. Significance: The company informed that d...
    09-Jun-2020 News COVID-19
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