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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
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    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
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    IAC's new Czech plant commences production of lightweight acoustical solutions
    International Automotive Components (IAC)’s new production facility in Prestice, Czech Republic, has started production of lightweight injection moulded inner dash insulation, the automotive interiors supplier announced in a press release yesterday (12 July). The plant will supply to two European OEM customers, whose names were not disclosed. The plant is expected to reach full capacity in 2018. The new plant, IAC’s second in Prestice, is located approximately two kilometers from the com...
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    GKN Driveline announces 300,000-units production milestone for eAxle range
    GKN Driveline has produced more than 300,000 units of its electric axle (eAxle) technology on the back of rising demand for vehicles with hybrid electric all-wheel drive (eAWD). According to a company press release, the units are produced at GKN’s eDrive centres of excellence in Italy and Japan. Significance: GKN introduced the eAxle technology in 2002. The company notes that plug-in hybrids with eAWD are one of the industry’s fastest growing market segments, and expects roughly 40% of n...
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    GKN Driveline appoints Dr. Markus Schermann senior director of product technology, eDrive business
    GKN Driveline has appointed Dr. Markus Schermann as senior director of product technology in its eDrive business, according to a press release on 23 June. With over 25 years of experience in automotive electrical engineering, Schermann will oversee product technology within the company’s eDrive vertical. He joins GKN from Magna where he was the director of product area electrification. In addition to Magna, Markus has also worked for Siemens as well as running his own electrical engineering co...
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    Maxion Wheels opens new aluminium wheel plant in Brazil
    Maxion Wheels, a division of Iochpe Maxion, opened a new light vehicle aluminium wheel plant this week in Limeira, São Paulo (Brazil), says a company press release. The new plant will expand the company’s aluminium wheels capacity by 2 million units per year. The plant will open in two phases. In the first phase, the plant will produce 800,000 wheels per year, while the second phase will complete the project, bringing production to 2 million wheels per year by 2020. The plant will create 500 ...
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    Agility Fuel Systems, Hexagon Composites announce merger to form Agility Fuel Solutions
    Hexagon Composites will merge its CNG Automotive Products Division, which includes medium- and heavy-duty vehicle composite cylinder manufacturing operations, and its bus systems business unit with Agility Fuel System (AFS) to form Agility Fuel Solutions, according to press releases on 14 June. AFS is a compressed natural gas solutions provider and Hexagon Composites is as composite CNG cylinder maker. The merged entity will be owned equally by the two companies. The transaction is expected to c...
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    PPG establishes new coatings centre in China
    PPG has announced the completion of its new USD10 million coatings centre of excellence at its existing complex in Tianjin, China, according to a press release (15 June). The new coatings centre is PPG’s first facility in China that will cater to regional customers in the automotive plastics and decorative accessories industry. Vincent Robin, PPG’s vice-president, automotive coatings, Asia Pacific, said, “Establishing this coatings centre marks another important milestone in PPG’s growth...
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    SRG to move headquarters in US
    Interior and exterior trim supplier SRG Global is moving its global headquarters to a larger, modernised facility in Troy, Michigan (United States) from Warren, says a company press release  today (15 June). The new facility, spanning over 51,000-square feet area, will house the company’s support staff for the global and North American businesses, accommodating more than 250 employees. Significance: The new headquarters will enhance collaboration between SRG employees and customers, d...
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    Infrastructure
    Company Region Details Magneti Marelli  China Magnelli Marelli inaugurated its new headquarters in Shanghai, China on 21 April 2016. The new building houses research and development (R&D) centres for powertrain and automotive lighting business areas in addition to hosting staff, administrative and commercial functions for activities relating to powertrain, automotive lighting, exhaust systems, suspensions and aftermarket areas. The new bu...
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    Aleris reports net loss of USD6.3 million in Q1 2016
    Aleris has reported a net loss of USD6.3 million for the first quarter ended 31 March 2016, compared with a net income of USD105.4 million in the same period a year ago, according to a press release. Revenues for the period amounted to USD662.5 million, a decline of 11.2% year-on-year (y/y). The company posted an operating income of USD23 million against an operating loss of USD17.5 million in the first quarter of previous financial year. Geographically, Aleris’s revenues from North Americ...
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    Cooper-Standard reports 46% y/y jump in Q1 net income to USD30.6 million
    Cooper-Standard has reported 45.8% year-over-year (y/y) increase in net income to USD30.6 million in the first quarter ended 31 March 2016, the company said in a press release on Tuesday (3 May). The company reported higher net income, thanks to 7.8% y/y increase in sales to USD862.5 million. Excluding the impact of currency translations, the company’s sales increased by 11.3% in the first quarter. Higher sales also helped Cooper-Standard to almost double its operating profit to USD62.1 millio...
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    WABCO acquires Laydon Composites
    WABCO has acquired Laydon Composites Ltd (LCL), a manufacturer of aerodynamic devices for heavy-duty trucks and trailers, the company announced in a press release on 19 April. Headquartered in Oakville, Ontario (Canada), LCL offers design, prototyping, testing and ISO-certified tooling and manufacturing of aerodynamic solutions for the transportation industry. Commenting on the significance of the acquisition, Nick Rens, WABCO’s president, Trailer, Aftermarket and Off-Highway Division, said, ...
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    BOC, ITM Power sign hydrogen refuelling and siting agreement
    UK-based BOC, an industrial gas supplier, has signed an agreement with energy storage and clean fuel company ITM Power to provide infrastructure for the latter’s new electrolyser-based hydrogen refuelling stations for passenger cars, according to a press release. BOC will use its market knowledge to source and install the most appropriate technology including hydrogen compressors and dispensers at ITM Power’s new hydrogen refuelling station locations, based on its proprietary electro...
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    PSA Peugeot-Citroën unveils new six-year strategy
    PSA Peugeot-Citroën has unveiled its new "Push to Pass" six-year strategy in which it has revealed that it will focus on meeting all of its customers' mobility needs. In a statement and a presentation this morning (5 April), PSA said that "driven by evolving customer expectations, the plan will transform the company in order to unleash its full potential, capitalising also on the efficiency, operational excellence and agility demonstrated during the 'Back in the Race' plan." The plan will f...
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    Volvo debuts XC90 Excellence at 2016 New York Auto Show
    Volvo debut a four-seat luxury variant of its XC90 sport utility vehicle (SUV), dubbed the XC90 Excellence, at the 2016 New York Auto Show, states a press release. "The Volvo XC90 Excellence is a fantastic expanded version of Volvo's idea of luxury. It brings together fantastic materials, uncompromising safety and performance into an amazing package. This car exposes Volvo to a new type of buyer." said Lex Kerssemakers, president and CEO of Volvo Car USA. The variant is powered by ...
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    Harman opens product development centre in Suzhou
    Harman International opened a new 12,000-square-metre development centre in Suzhou in China's Jiangsu province on 23 March. The Harman Suzhou Product Development Centre (PDC) is the largest research and development (R&D) hub for car audio products globally for Harman and is the third PDC for the company following facilities in the United States and Germany. "HARMAN's new development centre in Suzhou is a physical testament to our commitment to customer focus and innovation – two of our key...
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    Ningbo Joyson to grow Key Safety Systems (KSS) following acquisition, takes over German Technicat Digital
    Chinese automotive components producer Ningbo Joyson Electronic Corporation is pushing for global growth with two recent acquisitions. In February, Ningbo Joyson and its subsidiary Preh Holding took over German infotainment company Technisat Digital. Locations in Dresden, in San Carlos (United States), and in Shanghai, as well as production sites in Dippach/Thuringia and in Oborniki (Poland) and an operative location in Daun will all be retained under the new ownership, the company announced in ...
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    Interview: Denise Gray, CEO and president of LG Chem Power
    Can you give some background on LG Chem? As you may know, LG Chem is based in Seoul, South Korea. The company has very strong ties with GM, Ford and Chrysler through the USBC – the United States Battery Consortium. The big business propositions are battery cells and related technologies. We have been focused on battery technology for over a decade, since the mid-2000s, when we started doing R&D on that and related cell technologies. I only started with LG Chem Power in September 20...
    Insights
    Aleris’ net income down 44% y/y to USD48.7 million in FY 2015
    Aleris has reported a 44.1% year-over-year (y/y) decline in net income to USD48.7 million in the financial year ended 31 December 2015, according to a press release. Net sales for the period amounted to USD2.92 billion, a 1.2% y/y increase. The company incurred an operating loss of USD8.3 million against an operating profit of USD11.7 million in the previous financial year. Commenting on 2016 outlook, Aleris president and CEO Sean Stack said, "With the successful implementation of our growth...
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    Commercial Vehicle Group’s net income down 7.4% y/y to USD7 million in 2015
    Commercial Vehicle Group (CVG) reported net income of USD7.1 million for the full year ended 31 December 2015, down 7.4% year-on-year (y/y), the company said in a press release. The company recorded a decline of 1.7% y/y in revenues to USD825.3 million, on the back of decreased sales in the global construction and agriculture markets and the negative impact of foreign currency translation by USD18.3 million or 2.2%. The decline was slightly offset by a jump in medium- and heavy-duty (MD / HD) tr...
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    Superior Industries’ net income more than doubles y/y to USD23.9 million in 2015
    Superior Industries’ net income nearly tripled to USD23.9 million in the financial year ended 27 December 2015, according to a press release by the US-based aluminium wheels supplier. Income from operations more than doubled to USD36.3 million during the period. Superior reported strong growth in profit despite witnessing 2.3% year-over-year (y/y) decline in net sales to USD727.9 million. The company’s  net income in the fourth quarter shot up from USD1.3 million to USD8.1 million. ...
    News
    Interview: London Taxi CEO discusses product and growth plans
    London Taxi Company (LTC) is poised for a new era of growth with a new plant in Ansty, Coventry, United Kingdom, which will produce the next-generation London taxi from 2017.  The company has invested more than GBP300 million (USD430 million) in the new-generation taxi − the TX5 − to bring the car to market. IHS Automotive caught up with London Taxi Corp CEO Peter Johansen to hear the latest on the company’s plans. Peter Johansen. Source: The London Taxi Company W...
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    AkzoNobel’s net income up 79% y/y to USD1.07 billion in 2015
    AkzoNobel reported 79.3% year-over-year (y/y) increase in net income to EUR979 million (USD1.07 billion) in the financial year ended 31 December 2015, the Netherlands-based chemical company said in a press release early this month. The company also reported 59.4% y/y growth in operating income to EUR1.6 billion (USD1.7 1billion). AkzoNobel recorded strong growth in earnings as net sales improved by 3.9% y/y to EUR14.6 billion (USD16.23 billion). The company organises its business in three s...
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    Aston Martin decides location of new plant
    Aston Martin has announced that it will invest GBP200 million in improvements to its existing plant in Gaydon as well as in establishing a new manufacturing facility in St Athan, Wales, which will build the company's brand new DBX crossover. The vast majority of the new investment will go towards the construction and tooling of this new plant which will become the sole production location for the DBX, which first debuted in concept form at last year's Geneva Motor Show. With the decision to buil...
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    Concentric’s net income up 12% y/y to USD32.2 million in 2015
    Concentric reported an increase of 12% year-on-year (y/y) in net income to SEK271 million (USD32.2 million, 31 December 2015) for the year ended 31 December 2015, the company reported in a press release on 10 February. Net sales were up 11% y/y to SEK2.3 billion (USD273.9 million), while the operating income was up 14% y/y to SEK381 million (USD45.3 million) for the year. The Americas segment comprises the group's operations in the United States and South America. The segment sales for the y...
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    ITM Power, CEME to jointly open hydrogen fuel station in London
    ITM Power, a developer of fuel cells, and the Center for Engineering and Manufacturing Excellence (CEME) will jointly open a new hydrogen fuel station in East London, reports Hydrogen Fuel News. The new station will be public and is expected to be fully operational by summer 2016. The station will also make use of solar energy systems owned by CEME to produce hydrogen. Significance: The United Kingdom is one of the early markets adopting hydrogen fuel cell technology, but still has very limited...
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    Harman supplies JBL premium surround audio system for 2016 Kia Sportage
    Harman is supplying its JBL premium surround audio system equipped with Clari-Fi music restoration technology for 2016 Kia Sportage in Europe, according to a press release. Artur Martins, vice-president, marketing, Kia Motors Europe, said, “Every audiophile worldwide knows the JBL Signature Sound and we are proud that now drivers will be able to experience this auditory excellence in our all-new 2016 Kia Sportage.” The optional JBL premium sound system in the 2016 Sportage delivers high-...
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    Volkswagen (VW) Group announces R&D reorganisation and Audi production reshuffle
    The Volkswagen (VW) Group has announced its latest round of cost-saving programmes and reorganisation as it looks to reduce costs and improve efficiency. It has announced a new research and development (R&D) structure for the VW passenger car brand, and Audi also announced a comprehensive reshuffle of its models within its existing production network. In the first announcement VW said that the R&D programmes for all its mainstream passenger car ranges would be split into four groups. The...
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    VW Group announces R&D reorganisation and Audi production reshuffle
    The Volkswagen (VW) Group has announced its latest round of cost-saving programmes and reorganisation as it looks to reduce costs and improve efficiency. It has announced a new research and development (R&D) structure for the VW passenger car brand, and Audi also announced a comprehensive reshuffle of its models within its existing production network. In the first announcement VW said that the R&D programmes for all its mainstream passenger car ranges would be split into four groups. The...
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    London Taxi's CEO discusses future product and growth plans with IHS Automotive
    London Taxi Company (LTC) is poised for a new era of growth with a new plant in Ansty, Coventry, United Kingdom, which will produce the next-generation London taxi from 2017. The new-generation taxi − the TX5 − has had more than GBP300 million (USD430 million) invested to bring the car to market. IHS Automotive caught up with London Taxi Corp CEO Peter Johansen to hear the latest on the company's plans. IHS: With the authorities in London cracking down on pollution and forcing taxi fleet...
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    German auto parts maker RLE plans to expand workforce in India
    RLE Group plans to expand its workforce in India by fourfold to 1,000 employees by 2020 on the back of increased business from India, reports The Economic Times. The company has set a target to increase its sales in India from EUR5 million (USD5.2 million, 30 November 2015) to EUR20 million by the end of this decade, and for this, the company will invest 10-15% of its sales from Indian subsidiary every year. The expansion plan includes addition of new employees, new development centers and a cen...
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    “The pursuit of [a] vertical integration strategy has helped IAC reduce its dependency on sub-suppliers.”
    SupplierBusiness spoke with, Marcus Nyman, Senior Vice President Commercial for IAC in Europe who is responsible for IAC’s business with Volvo Cars: Nyman oversees the activities of the global CBUs (Customer Business Units) for IAC’s European vehicle company customers, covering Business Development & Management, as well as Programme Management. He also works in close partnership with the other regional IAC commercial leaders to ensure the delivery of seamless services and solutions to IA...
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    Tesla aims to enter Malaysian market
    The government of Malaysia has received a proposal from a technology company in Malaysia to bring in Tesla cars in order to develop the country as a centre for excellence in electric vehicle (EV) technology. The Malaysian newspaper, the New Strait Times, states that Malaysia Green Technology Corporation (GreenTech) would import the cars into Malaysia. "Malaysia will benefit as an electric vehicle development hub in the ASEAN region while allowing other electric vehicle models to be brought ...
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    Accuride acquires majority stake in steel wheel manufacturer Gianetti Ruote
    Accuride has acquired a majority stake in Italy-based steel wheel manufacturer Gianetti Ruote S.r.l. from MW Italia, the steel wheels division of CLN S.p.A, according to a joint press release by Accuride and CLN. MW Italia, however, will retain a minority interest in the business. Gianetti will retain its headquarters and manufacturing and engineering facility in Ceriano Laghetto near Milan, Italy. Gianetti generated net sales of USD28.7 million and adjusted EBITDA of USD2.2 million in first nin...
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    Cooper Tire’s Q3 net income up 11.4% y/y to USD53.1 million
    Cooper tire has reported an 11.4% year-on-year (y/y) increase in net income to USD53.1 million for the third quarter ending 30 September 2015, according to a company press release on 2 November. Operating income declined 8.1% y/y to USD82.1 million. The company's sales  declined 14.9% y/y to USD782.3 million. Sales in Americas Tire operations increased 1.2% y/y to USD702.4 million, and the segment's operating profit was up 35.5% y/y to USD102.4 million. In International Tire operations,...
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    AkzoNobel’s Q3 net income up 39% y/y to USD320 million
    AkzoNobel has reported a 39% year-on-year (y/y) increase in net income to EUR285 million (USD320.4 million, 30 September 2015) for the third quarter ending 30 September 2015, according to a company press release. The company reported revenues of EUR3.76 billion (USD4.2 billion), up 2% y/y. The company's operating income grew 30% y/y to EUR436 million (USD490.2 million). EBITDA for the period totalled EUR590 million (USD663.3 million), up 21% y/y. Commenting on the third quarter results, chie...
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    Ontario to allow road testing of automated vehicles
    Ontario will become the first Canadian province to allow automated vehicles to be tested on its roads, according to an announcement made by the Ontario Ministry of Transportation. Beginning on January 1, 2016, the province will launch a new pilot to allow for the testing of automated vehicles and enable the 100-odd companies and institutions involved in the connected vehicle and automated vehicle industry in the province to conduct research and development in Ontario, as well as support opportun...
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    Canada to allow road testing of autonomous vehicles
    Ontario has become the first Canadian province to approve real-world road testing of automated vehicles, according to an announcement from the Ontario Ministry of Transportation. The statement defined automated vehicles as those “driverless or self-driving vehicles that are capable of detecting the surrounding environment [through] artificial intelligence, sensors, and global positioning system coordinates.” Testing in Ontario is approved after 1 January 2016. The government says&n...
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    American Axle (AAM) appoints Tolga Oal as president of North American operations
    American Axle & Manufacturing (AAM) has appointed Tolga Oal as president of AAM North America, the company said in a  press release yesterday (21 September). Oal replaces Jon Morrison, who left AAM in May this year after seven months of his appointment as president of North American operations in November 2014 and joined Rochester Hills-based Wabco as president of the Americas. In his new role, Oal will be responsible for AAM’s regional business as well as manufacturing activities...
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    ITM Power launches hydrogen refuelling station in UK
    ITM Power has launched a publicly accessible hydrogen refuelling station (HRS) in South Yorkshire, United Kingdom, according to a press release. The funding for this station has been provided by InnovateUK, a government of UK agency. At the inauguration event, Hyundai showcased its ix35 fuel cell electric vehicle (FCEV), while Toyota displayed its Mirai and Honda its FCX Clarity. The fuel station is capable of storing 220kg of hydrogen and features a 225 kilowatt (kW) wind turbine and an electro...
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    India’s central government grants USD12 million to ARAI for EV test facility
    The central government of India has planned to grant INR800 million (USD12.1 million) to the Automotive Research Association of India (ARAI) to build facilities and infrastructure for the research and development, testing and validation of hybrid and electric buses, reports Autocar Professional. The ARAI has been selected as one of the centres of excellence (COEs) under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. For now, the government has granted INR300...
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    “The annual value of the UK component supply contracts for the Discovery Sport and Jaguar XE together is expected to be over £1bn. These have 50-55% UK content.”
    How has JLR and its purchasing policy and organisation changed in the last couple of years? David Allen (DA): I think we have to see everything in terms of the changes which our product launches since then have brought about, as well as the major investments in our facilities. In 2013, we were still in the process of finalising several new products, some of which have since been launched. At that time, supply contracts were still in the negotiation phase, especially in terms of volumes and t...
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    Mann+Hummel agrees to buy Affinia's auto filter unit
    Germany-based Mann+Hummel has agreed to acquire Affinia's auto filter unit, according to a statement from the US-based company. The statement follows a Reuters report speculating on the potential sale and citing USD1.3-1.4 billion as the purchase price. The company has not disclosed the purchase price as yet. The unit also reportedly attracted interest from US-based Donaldson, France's Valeo, and Germany's Freudenberg, according to sources familiar with the issue. In a statement, Affinia Group p...
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    Borealis' Q2 net profit grows significantly y/y to USD386.1 million
    Borealis’ net profit increased significantly year-on-year (y/y) to EUR351 million (USD386.1 million, 30 June 2015) in the second quarter of the year ended 30 June 2015, the company said in a press release. Net sales, however, dropped 2.5% y/y to EUR2.03 billion (USD2.23 billion). Net debt reduced by EUR69 million (USD75.9 million) to EUR69 million (USD75.9 million) in the second quarter. Commenting on the results, Mark Garrett, Borealis, CEO, said, “While pleased with the result, we face...
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    Cenex selects Chargemaster to manage Plugged-in Midlands electric vehicle charging network in UK
    Cenex, Loughborough-based Centre of Excellence for Low Carbon and Fuel Cell Technologies, has selected Chargemaster from a competitive selection process to manage the Plugged-in Midlands (PiM) electric vehicle (EV) charging Network in the United Kingdom, says a press release. The agreement with Chargemaster has been approved by the Office for Low Emission Vehicles (OLEV) and consolidates the Midlands chargepoints within a wider national network. Significance: The Plugged-in Midlands has more th...
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    Solvay to acquire Cytec for USD5.5 billion
    Solvay has entered a definitive agreement to acquire US-based Cytec for USD5.5 billion, the company announced in a press release yesterday (29 July). Solvay will acquire 100% of Cytec’s share capital for USD75.25 per share in cash corresponding to an enterprise value of USD6.4 billion. Commenting on the transaction, Jean-Pierre Clamadieu, CEO of Solvay, said “The proposed acquisition of Cytec marks a major step change in Solvay’s portfolio upgrade. It is a unique opportunity for Solvay...
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    Generali Group acquires MyDrive Solutions
    Generali Group has acquired MyDrive Solutions which will enable the group to launch a new Group Hub for telematics and big data. MyDrive Solutions was founded in 2010, and is among the leading companies in the use of data analytics tools to profile driving styles with the aim of identifying innovative and tailor-made products for the customers and favourable tariffs for low risk drivers. As a start-up the company has developed world leading expertise in data analytics and software engineering to...
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    Autoneum's first half net profit up by 4.8% y/y to USD49.95 million
    For the first half of 2015, ending 30 June, Autoneum recorded sales growth of 3.4% y/y to CHF1.01 billion (USD1.04 billion), the company reported in a press release yesterday (22 July). EBIT increased from CHF66.8 million (USD68.80 million) to CHF77.6 million (USD79.92 million) y/y, thereby enabling the EBIT margin to increase by 0.8% on the prior-year period to 7.7%. In June 2015, the proceedings of the German Federal Cartel Office against Autoneum Germany, launched in 2013 due to price agreeme...
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    Honeywell’s net income up 9.2% y/y to USD1.2 billion in Q2
    Honeywell reported a 9.2% year-on-year (y/y) increase in net income to USD1.2 billion during the second quarter ended 30 June 2015, according to a company press release on Friday (17 July). The company’s net sales were down 3.9% y/y to USD9.8 billion, wherein product sales declined 4.8% y/y to USD7.8 billion, while service sales were almost flat at USD1.9 billion for the period. Income before taxes were up 9.2% y/y to USD1.6 billion, while free cash flow was USD1.2 billion, up 9% y/y. The ...
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    Volvo Cars presents "Excellence Child Seat Concept"
    Volvo Cars has designed the "Excellence Child Seat Concept" that focuses on safety of children travelling in cars, said a company press release on 2 July. The concept enables the parent to swivel the seat counter-clockwise when seating the child and then lock the seat in a rearward facing position. This way, a few small items can be placed beside the seat. The concept also offers a storage space underneath for diapers, blankets, or other larger items and enough space for a tote bag at the front ...
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    Dana hires supplier group IAC’s CEO
    Supplier group Dana Holding has hired Jim Kamsickas to be its new CEO; Kamsickas comes to Dana from the position of CEO at International Automotive Group (IAC), where he has served since 2012. IAC, meanwhile, has hired Robert “Steve” Miller to replace the outgoing Kamsickas. Effective 11 August, Kamsickas replaces Roger Wood, who had announced in January that he planned to retire. In a company statement, Dana said that Wood will continue as a member of the company’s board of directors thro...
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    Joint-ventures and partnerships (Issue 5, 2015)
    Company Partner(s) Area of operation Comment  SsangYong Open Automotive Alliance (OAA) Connected cars South Korean automaker SsangYong has joined the Open Automotive Alliance (OAA), an alliance of technology and automotive industry leaders to make the Android solutions available in cars. SsangYong plans to deliver in-vehicle ...
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    MIRA, FPTI to jointly develop lithium-ion batteries in Brazil
    MIRA and Fundação Parque Tecnológico Itaipu (FPTI) have joined hands to develop a new centre of excellence for lithium-ion batteries targeting automotive and stationary power applications, says a press release. “Brazil is a key strategic growth territory for MIRA and this exciting collaboration provides the opportunity to apply and further develop relevant MIRA technology with the demanding environments and duty cycles of the territory. It brings together two ambitious and capable partners ...
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    GM announces USD1 billion investment into Warren Tech Centre
    At an event at the Warren Tech Centre, in Warren, Michigan, United States, GM’s executive vice-president of global product development and purchasing and supply chain, Mark Reuss, announced the company’s planned investment into the heart of its product development network. “This is an investment in our people, our products, and, ultimately, our customers, to make the Tech Center a more advanced, more efficient and more collaborative workplace. Developing a new vehicle is a total team e...
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    Cooper-Standard appoints Ronald A. Frisbie as new VP of North American operations
    Cooper-Standard Holdings has appointed Ronald A. Frisbie as vice-president of North American operations, effective 4 May, says a company press release. Frisbie, who will be based at the company's North American headquarters in Novi, Michigan (United States), will report to Bill Pumphrey, senior vice-president and president of North America. Frisbie replaces Michael Summers, who has been appointed to a newly-created position of vice president of operation excellence. In his new role, Summers...
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    Auto Shanghai 2015: Connected cars part of national strategy for economic development
    China, with its penchant for central planning and government mandates, could be the world's biggest driving force behind the adoption of connected cars. Chinese Premier Li Keqiang at the parliamentary sessions in March announced the Internet Plus initiative, which aims to integrate mobile internet, cloud computing, big data and the Internet of Things with modern manufacturing such as automotive. With Beijing now strongly backing the mobile internet, the 2015 Shanghai auto show had an un...
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    Tenneco’s net income up 6.5% y/y to USD49 million in Q1 2015
    Automotive supplier Tenneco has reported first quarter 2015 earnings, with revenue of USD2.023 billion a decline compared with USD2,094 billion in the first quarter of 2014. Excluding a USD160 million currency exchange impact, the company says revenue reached USD2.183 billion, an increase of 4%. Revenue growth was driven by OE light revenue improving 5%, commercial truck and off-highway revenue up 1% and aftermarket revenue increasing 4% versus the first quarter of 2014. Clean air revenue was up...
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    DOE awards USD1.2 million to assess materials for hydrogen storage
    US Department of Energy (DOE) has awarded a grant worth USD1.2 million to University of Michigan (U-M) to facilitate research that can improve on-board hydrogen storage technology for fuel cell electric vehicles (FCEVs), according to a university press release. The research will investigate into metal-organic frameworks (MOFs) that are compounds consisting of metal ions or clusters coordinated to organic molecules to form one-, two-, or three-dimensional structures that can be porous. As per th...
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    Honeywell’s net income up 8% y/y to USD1.1 billion in Q1 2015
    Honeywell’s net income was up 8% year-on-year (y/y) to USD1.1 billion in the first quarter ended 31 March 2015, according to the company’s press release. Sales were down 4.2% y/y to USD9.2 billion. Product sales were down 6.4% y/y to USD7.4 billion, and the Service sales were flat y/y at USD1.8 billion. The company reported a 14.3% y/y increase in income before taxes to USD1.6 billion. Cash flow was down 48.3% y/y to USD256 million during the period. Segmentally, sales of Aerospace segme...
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    Management changes (Issue 3, 2015)
    Akebono Brake has appointed Yoshimasa Ogino as chairman, president and CEO of the company effective 1 April 2015.  Prior to this role, Ogino was chairman of Akebono Brake. He will continue to be a member of Akebono Brake’s board. Alcoa has named José Aurélio Drummond president of Latin America business, effective 9 March 2015. Drummond, who will be based in São Paulo, Brazil, will support the company’s transformation strategy to facilitate Alcoa’s growth in the region. Apol...
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    Toyota adjusting NAFTA regional production, investing USD1 billion in Mexico, USD440 million to expand China production
    Toyota is ending a three-year freeze on new manufacturing capacity with investments in Mexico and China, announced on 15 April 2015, including investment of nearly USD1.5 billion in the two countries. Toyota will invest USD1 billion in development of a new manufacturing plant in Guanajuato, Mexico, which will supplement existing production capacity in the North American region and grow Toyota’s manufacturing footprint to 15 plants. The new plant will be completed in time for a production s...
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    Intelligent Energy to develop range-extended electric commercial vehicles
    UK-based Intelligent Energy will lead a UK industry consortium that will develop range extended electric light commercial vehicles (LCVs) using the company’s fuel cell technology, according to a news release. The three-year project is expected to develop validated systems and vehicle conversion expertise that can be readily used for volume manufacturing. The consortium is expected to find a solution that can be retro-fitted in vehicles at approved centres or can be integrated into vehicles...
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    Harman signs agreement to acquire Bang & Olufsen Automotive car audio business
    Harman announced it has signed an agreement to acquire Bang & Olufsen Automotive car audio business. The terms of the agreement include a purchase price of 145 million Euros for the Bang & Olufsen Automotive audio business, as well as license payments for an exclusive license to the Bang & Olufsen and B&O PLAY brands within the automotive industry. Harman will assume all Bang & Olufsen Automotive customer programs, and all Bang & Olufsen Automotive development a...
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    Schaeffler introduces new steering system for EVs
    Schaeffler Group has introduced a new steering concept under its ‘Intelligent Assisted Steering System with Optimum Energy Efficiency for Electric Vehicles' (e²-Lenk)’ project funded by Germany’s Federal Ministry for Education and Research (BMBF), the company announced in a press release on 30 March. Schaeffler has partnered with Karlsruhe Institute for Technology (KIT) on this project and the steering system is managed by intelligent control of the drive torques transmitted to the indivi...
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    Boost to UK automotive industry as JLR and Geely announce major investments
    Jaguar Land Rover (JLR) has announced that it will double the size of its engineering and design centre at Whitley in Coventry in order to increase the company's capabilities in the area of low-emission vehicle technologies, with the move paving the way the way for full electric vehicle (EV) versions of Jaguar and Land Rover models, according to an Autocar report. The Whitley site is also JLR's global corporate headquarters and the location for the company's design capabilities. The physical sit...
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    Cypress introduces new Traveo microcontroller family
    Cypress Semiconductor announced the expansion of its Traveo microcontroller (MCU) family with a new series that provides automotive manufacturers with a cost-effective platform to deliver 2-D and 3-D graphics and advanced functionality for dashboards, head-up displays and HVAC systems in compact vehicles. The new Cypress Traveo S6J32BA and S6J32DA product family includes the ARM Cortex-R5 processor, 1MB of internal flash, 1MB of internal video RAM, enhanced secure hardware extension (eSHE) and t...
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    Bang & Olufsen to provide sound system in the new Audi R8
    Bang & Olufsen establishes partnership with Audi to provide its sound system in the new Audi R8. The new Audi R8 Coupé features 13 active speakers, each with their own dedicated amplifier channel. The system features Class D amplifier technology and Digital Signal Processing, Vehicle Noise Compensation, Digital Transmission Content Protection, CosCone midrange drivers and Fraunhofer Symphoria surround sound algorithm. An impressive combination that ensures the system is able to p...
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    Apollo Tyres appoints Pedro Matos as chief quality officer
    Apollo Tyres has appointed Pedro Matos as its new chief quality officer, the tire maker said in a press release yesterday (18 March). Matos will be based out of the company’s Global Quality and Business Excellence Office in Enschede, the Netherlands. He will be responsible for handling the entire portfolio of quality and business excellence in the organisation. Matos will report to Neeraj Kanwar, vice-chairman & managing director of Apollo Tyres. Commenting on Pedro’s appointment, Ne...
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    UK shortlists 12 cities to operate as centre of excellence for low emission vehicles
    UK Transport Minister Baroness Kramer and Business Minister Matt Hancock have shortlisted 12 cities and authorities for the “Go Ultra Low” city scheme, according to a government press release. These cities would be competing for a share of GBP35 million (USD53 million) fund dedicated for low emission vehicles. At the end, the fund will be awarded to a maximum of four finalists who would “demonstrate the most potential to become internationally outstanding examples for the adopt...
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    Hyundai joins HyTEC to expand hydrogen fuel infrastructure in Europe
    Hyundai Motor Europe has joined the Hydrogen Transport in European Cities (HyTEC) consortium as a new partner and will help establish a third hydrogen passenger vehicle deployment centre in Oslo, Norway, according to a press release by HyTEC. As a part of the project, Hyundai will deliver eight ix35 fuel cell electric vehicles (FCEVs) to Oslo this year which will use the existing hydrogen fuelling stations in the city. The consortium will gather operational data from the fleet and stations...
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    Superior Industries releases 2015 outlook, expects USD800 million sales
    US-based aluminium wheel manufacturer, Superior Industries has released its full year outlook for the year ending 31 December 2015, according to the company’s press release. The company expects to record net sales ranging from USD725 million to USD800 million, with value-added sales (sales derived from deducting the value of aluminium passed to customer, from the net sales) to be somewhere between USD325 million and USD360 million. Capital expenditures are expected to decrease year-on-year (y/...
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    Henrik Lange Executive Vice-President and CFO, SKF resigns
    Henrik Lange, currently Executive Vice-President and CFO of SKF, will leave the company by July 2015, says a company press release. Lange will join as CEO of Gunnebo AB. Lange will support the transition to his successor, up until his period in office. Significance: Last month, SKF Group rationalised its corporate staff structure to further increase its focus and reduce costs. The new structure has four group staff units that report to the president and CEO. The four groups are Group Financ...
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    Johnson Controls announces management changes
    Johnson Controls has appointed Jeff Williams as vice-president, Enterprise Operations and Engineering and a corporate officer, reporting to Alex Molinaroli, CEO and chairman of the company, the company announced in a press release on 6 January 2015. In his new role, Williams will be responsible for the company’s manufacturing operations, procurement and integrated supply chain, advanced manufacturing and engineering functions. He will also direct the company's Global Manufacturing Operations a...
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    Skoda produces record number of powertrains and gearboxes in 2014
    Skoda has enjoyed a record year at its Czech powertrain and gearbox production facilities, according to a company statement. Between January and December the firm's plants in Mlada Boleslav and Vrchlabi have manufactured 533,000 powertrains and 967,000 gearboxes respectively, with the eight engine types and three gearbox designs used in the Skoda range as well as other Volkswagen (VW) Group vehicles. Frank Engel, Head of ŠKODA component manufacturing said, "The record number of 1.5 million engi...
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    Visteon reaches agreement to sell Halla stake to Hahn, Hankook Tire
    Visteon confirmed yesterday (17 December) that it will sell its ownership stake in Halla Visteon Climate Control (HVCC) to Hahn & Company and South Korean tire-maker Hankook Tire, after speculation for several weeks. The deal will be valued at around USD3.6 billion and is expected to be completed in the first half of 2015. Visteon says HVCC customers will “continue to benefit from the company’s well-recognised leadership team, innovative thermal management solutions, and expanding market...
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    SKF announces new organisational structure from 1 January
    SKF will implement a new organisational structure from 1 January 2015, the company announced in a press release on 4 December. SKF is merging its two Industrial businesses – Strategic Industries and Regional Sales & Service. Post integration of these businesses, the company will operate through three business areas, namely, Industrial Market, Automotive Market and Specialty Business. Patrick Tong has been appointed president, Specialty Business. As part of reorganisation, Rakesh Makhija, p...
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    Kongsberg appoints Lovisa Söderholm as executive-vice president of purchasing
    Norway-based automotive components supplier Kongsberg Automotive has appointed Lovisa Söderholm as the new executive vice-president (EVP) for Purchasing, effective from 1 January 2015, says a company press release. Söderholm will be based in Gothenburg, Sweden, and will be part of Kongsberg’s executive committee. Most recently, Söderholm was business excellence director and chief purchasing officer for the Direct Materials division at SKF. Previously, she held numerous leadership positi...
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    Concentric completes investment program at UK facility
    Concentric AB has completed the latest phase of international investment program at its plant in Birmingham, United Kingdom, says a company press release. The company made the investment in Birmingham due to orders from new and existing customers in the past 18 months for oil, water, fuel and transmission pumps. The investment involved creating dedicated manufacturing cells with new CNC machining centres, automated assembly, advanced washing, measurement, inspection and test equipment. Davi...
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    Relations between suppliers and OEMs deteriorate as pressure increases to tighten purchasing costs
    Heightened friction between OEMs and suppliers on cost reduction matters is the main factor behind the deterioration of relations between automakers and suppliers globally in 2014, according to suppliers who took part in the annual Global OEM-Supplier Relations Study conducted by IHS Automotive. The unique global survey allows automotive suppliers to rate carmakers on a variety of matters, including technology sourcing, profit-impacting factors, quality management and intellectual property prote...
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    UK passenger car production contracts 6.7% y/y during October
    Vehicle production in the UK has fallen again during October, according to the latest data published by the Society of Motor Manufacturers and Traders (SMMT). From a passenger car perspective, production has slid by 6.7% year on year (y/y) to 150,060 units, further eroding the overall year to date (YTD) which now stands at 1,282,077 units, a decline of 0.3% y/y. Commercial vehicle production in the UK has also fallen by 8.9% y/y to 7,939 units, which has further affected its performance during t...
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    SKF reorganises management structure
    SKF Group is rationalising its corporate staff structure to further increase its focus and reduce costs, says a company press release. The new structure is effective immediately, and will have four group staff units that will report to the president and CEO. The four groups are Group Finance and Business Transformation; Group People, Business Excellence and Communication; Group Legal and Sustainability and Group Technology Development. Group Finance and Business Transformation will be heade...
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    American Axle announces new management appointments
    American Axle & Manufacturing (AAM) has announced a few new management appointments, says a company press release. "We are extremely pleased to announce the addition of Nigel Francis and Jon Morrison to the AAM executive management team. Both Nigel and Jon bring a wealth of knowledge and experiences that will further reinforce AAM's commitment to quality, operational excellence and technology leadership," said David C. Dauch, chairman, president and CEO, AAM. The company has named Nigel ...
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    Borealis's Q3 net profit up 41% y/y to USD235 million
    Borealis’ net profit increased 41% year-on-year (y/y) to EUR185 million (USD234.6 million, 30 September 2014) in the third quarter ended 30 September 2014, the company said in a press release. The company recorded a 2% y/y decrease in net sales to EUR2 billion (USD2.53 billion). During the first nine months ended 30 September 2014, Borealis reported a 56.36% y/y increase in net profit to EUR430 million (USD545.46 million), while net sales increased 6% y/y to EUR6.35 billion (USD8.06 billio...
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    EDITORIAL - Quality suffers as OEMs put pressure on costs, 2014 IHS Supplier Relations Study finds
    OEMs pushing the boundaries of cost reduction Cost reduction was cited as the key factor in deteriorating supplier relations in the 2014 IHS Automotive annual Supplier Relations Study. The survey results also show OEMs are not always willing to share these desired savings in a collaborative spirit. Expanded product liability guarantees and a greater financial burden in the event of recalls are among the other concerns that are affecting suppliers' perception of their Profit Potential with th...
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    Next-generation Chevrolet Voltec powertrain gets bigger engine as Michigan becomes GM's centre of excellence for vehicle electrification
    Yesterday (28 October 2014), GM made several announcements regarding the future Voltec powertrain. Addressing the Detroit Economic Club, GM CEO Mary Barra announced an additional USD300 million investment before the end of the year. While the details of the investment were not included in her remarks, she did announce that production of the electric drive for the next-generation Voltec propulsion system will be at the Warren transmission plant in Michigan (United States); the previous system had...
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    Lear reports record Q3 2014, increasing sales and operating margin
    Lear reported a record third quarter, with sales up 8% to USD4.2 billion and an operating margin of 5.9% and the ninth consecutive year-over-year earnings improvement. In a company statement, Lear’s president and CEO, Matt Simoncini, said, “Sales grew faster than industry production, and we improved our margins in both business segments on a year-over-year basis. The investments that we have been making to improve our cost structure, increase our component capabilities, and grow and strength...
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    Singapore-based scientists develop battery capable of recharging up to 70% in 2 minutes
    (Clockwise from top) NTU Associate Professor Chen Xiaodong with research fellow Tang Yuxin and PhD student Deng Jiyang showcase the titanium dioxide-based nanotube electrodes, which offer to recharge the battery up to 70% in two minutes. Source: Nanyang Technology University Scientists at Nanyang Technology University (NTU) have developed “ultra-fast charging” batteries that take a mere two minutes to recharge up to 70%, says the university’s press release. Additionally, the b...
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    Stanley Electric US Company invests more than $82 Million In London, Ohio, lighting production facility
    Stanley Electric US Co., which designs and manufactures lighting systems, climate control units and displays for automotive, plans to build a more than $82 million, state-of-the-art, lighting production facility in London, Ohio, USA near the company’s existing location. The firm’s investment will go toward construction of the new facility, new machinery and equipment, and road construction around the site. The company, which currently employs more than 970 people in the Columbus Region, anti...
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    Hella’s EBIT up 53% y/y to USD119 million in Q1 FY2014/15
    Hella’s earnings before interest and taxes (EBIT) increased 53% year on year (y/y) to EUR91 million (USD119 million, 31 August 2014) in first quarter (Q1) of financial year (FY) 2014/15, says a company press release. Sales increased 4.5% y/y to EUR1.32 billion (USD1.73 billion). Sales increased due to high demand and new product launches in automotive business, especially in America and China. Dr. Rolf Breidenbach, President and CEO, Hella said, “We have systematically strengthened our ...
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    Linamar to acquire forging business of Carolina Forging Company, majority stake in Seissenschmidt
    Linamar has announced plans to buy high volume hot forged product business from Carolina Forge Company (CFC), and a majority stake (66%) in Seissenschmidt AG, which also focuses on the production of high volume hot forgings, says a Linamar press release. "We are very pleased with these results of months of work in developing our global forging strategy. CFC is well known and positioned in the North American market, where we intend to invest further and grow significantly and Seissenschmidt is co...
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    WABCO expects 6-9% y/y sales growth in 2014
    Belgium-based automotive components supplier WABCO has reaffirmed its expectations with regard to the company’s financial performance for the fiscal year ending 31 December 2014, reports Marketwired. WABCO projects a sales growth of 6-9% year on year (y/y) in 2014, while operating margin is forecasted to lie between 12.9% and 13.3%. Furthermore, for 2014, WABCO expects to convert 80-90% of its net income into free cash flow, excluding payments associated with streamlining, separation, and acqu...
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    Concentric wins contract for heavy truck transmission pumps
    Concentric has won a multi-million pound contract for heavy truck transmission pumps for lubrication and for cooling the transmission oil in a range of gearboxes, says a company press release. Concentric will build two different transmission pumps for seven manual gearboxes, which are used on a range of heavy trucks. The pumps will be built in the company’s Birmingham, UK plant. Volume production of the pumps will start in late 2014. David Woolley, President and CEO, Concentric AB said, ...
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    WABCO unveils new products at IAA Commercial Vehicles 2014 in Germany
    WABCO is unveiling new products for the commercial industry at the 2014 IAA Commercial Vehicles in Hannover, Germany, says a company press release. The company debuted a new OptiFlow™ Tail solution, an aerodynamic that helps to improve the fuel economy and operational efficiency of trailers throughout Europe. “Today’s launch of OptiFlow Tail demonstrates our continued technology leadership to improve the efficiency of trailers for manufacturers, fleet operators and transport companies ...
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    Johnson Controls announces senior management changes
    Johnson Controls has announced some senior management changes in a press release. The company has named Suzanne M. Vincent, vice-president, corporate controller.  The company has appointed R. Bruce McDonald as executive vice-president and vice-chairman. Brian Stief has been named executive vice-president and chief financial officer. All the appointments are effective immediately. "These well-deserved promotions for Bruce and Brian reflect the company's long-standing commitment to leader...
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    Q&A: Mahindra Reva
    Chetan Maini, CEO, Mahindra Reva Electric vehicles haven’t gained much traction with buyers in India. Addressing the situation, Mahindra Reva, the only Indian automaker with an electric vehicle offering, is planning to open a number of experience centers in the country, much like those of Tesla and Apple. The experience centers, the first of which will be set up in Bangalore, will educate potential customers about advantages of owning an EV as compared to its conventionally powered counte...
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    Amtek Auto's Q3 net income rises 75% y/y to USD42.6 million
    Amtek Auto has reported a 75% year-on-year (y/y) increase in net income to INR2.56 billion (USD42.6 million, 30 June 2014) in the third quarter ended 30 June 2014, according to a company press release. Net sales stood at INR41.67 billion (USD694 million), up 117% y/y from INR19.2 billion (USD322 million). Higher sales helped the company to report 103.2% y/y increase in EBITDA to INR7.4 billion (USD123.2 million). For the nine months ended 30 June 2014, net income rose 64% y/y to INR7.4 billi...
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    Borealis acquires full ownership of Speciality Polymers Antwerp
    Borealis bought acquired yesterday (1 September) the full ownership of Speciality Polymers Antwerp N.V. (SPA), by acquiring the entire DuPont Holding Netherland’s stake in SPA, says a company press release. "The acquisition of the full ownership of Speciality Polymers Antwerp is in line with our strategy to grow our polyolefin business in specific market areas", said Mark Garrett, Borealis chief executive. Previously, SPA, based in Zwijndrecht, Antwerp, Belgium, was a joint venture bet...
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    Australian auto parts suppliers have big opportunities in Malaysia, says country's government
    The new National Automotive Policy (NAP) introduced in Malaysia earlier this year offers significant growth opportunity for the Australian auto parts suppliers, according to a senior official of AutoCRC. “The liberalized rules in the new Malaysian National Automotive Plan mean there will be new manufacturers entering the Malaysian market alongside the current eight manufacturers,” Linsay Siede, director of the Automotive Supplier Excellence Australia (ASEA) division of AutoCRC, told GoAuto.c...
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    Infineon to acquire International Rectifier for USD3 billion
    Infineon has signed a definitive agreement to acquire semiconductor manufacturer International Rectifier for an all cash transaction valued at around USD3 billion, says a press release. Infineon will acquire all outstanding shares of International Rectifier at USD40 per share. Commenting on the acquisition, Infineon's CEO Reinhard Ploss said, “The acquisition of International Rectifier is a unique opportunity. With their great knowledge of specific customer needs and their application understa...
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    Borealis’ net profit up 72% y/y to USD195 million in Q2 2014
    Borealis’ net profit increased 72.2% year-on-year (y/y) in the second quarter ended 30 June 2014 to EUR143 million (USD195.12 million, 30 June 2014), the company said in a press release. The company recorded a 5.8% y/y increase in net sales to EUR2.09 billion (USD2.85 billion). During the first six months ended 30 June 2014, Borealis reported a 70.13% y/y increase in net profit to EUR245 million (USD334.3 million), while the net sales increased 9.8% y/y to EUR4.34 billion (USD5.92 billion)...
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    Management changes (Issue 6, 2014)
    3M has promoted Ashish K. Khandpur to senior vice-president of Research and Development (R&D) and chief technology officer, effective yesterday (14 July). Khandpur replaced Frederick J. Palensky, who has retired from 3M. Akebono Brake has announced changes in its management body, effective from 1 August 2014. Akebono Brake has promoted Kazuo Matsumoto to head the company’s Indonesian joint-venture, PT Akebono Brake Astra Indonesia (ABAI). Matsumoto will continue to be a member ...
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