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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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    Metalsa invests USD170 million to build new chassis frame manufacturing plant in central Mexico
    Mexican structural components manufacturing company Metalsa announced on 25 February that it will be investing USD170 million to build a new structural frame production plant for light trucks in Guanajuato. According to Metalsa, the new plant, expected to operate from November 2023, will provide 270,000 Tacoma chassis frames per year initially to Toyota Motors will production expected to increase to 324,000 units per year subsequently. The plant, expected to be built on a construction...
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    Martinrea International to acquire Metalsa’s ‘Structural Components For Passenger Cars Division’
    Martinrea International Inc. has inked an agreement with Metalsa S.A. de C.V., Mexico-based manufacturer of metal structures for light and commercial vehicles of the automotive industry, to acquire the latter’s ‘Structural Components for Passenger Cars Division’, the two companies said in separate press releases on 19 December. The operations to be acquired include six plants in Germany, the United States, Mexico, South Africa, and two in China, with approximately 2,000 employees, as well ...
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    Metalsa Structural Products to expand capacity at US plant
    Metalsa Structural Products Inc, an automotive solutions provider, plans to expand its Roanoke manufacturing operation in Botetourt County in Virginia, United States, according to a press release on 19 June on the official website of Virginia. To this end, the company plans to invest USD6.4 million, which is expected to create 25 new jobs. “Manufacturing continues to gain momentum in Virginia due to the success of strong corporate partners like Metalsa Structural Products,” said Gove...
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    Metalsa plans to invest USD36.5 million for US plant expansion
    Metalsa Structural Products plans to invest USD36.5 million to expand its facility in Owensboro, Kentucky (United States), Area Development reported on 21 September. The investment is expected to create 113 jobs in the region. The expansion will help the company produce a new line of stamped and welded components. The company will invest in robotic welding cells, assembly line robots, infrastructure and building expansions to increase the facility’s square footage to accommodate the new produc...
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    Ford selects Tower as second supplier for F-150 frame – reports
    Ford has selected a second supplier for its F-150 pickup truck steel frames, according to Wall Street Journal and Automotive News, in reaction to a shortage from its current supplier, Metalsa SA in Mexico. Wall Street Journal reports that Metalsa is having difficulty keeping pace with production needs, and in an ongoing shortage that stifles production. Tower Automotive is the supplier tapped to build additional frames, though Tower has not commented. The new supply is reportedly going to be ava...
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    Volkswagen secures USD429 million financing from EDC to buy Canadian-made parts
    Export development Canada (EDC) plans to lend EUR400 million (USD429.8 million) to Volkswagen in a move to boost sales by Canadian suppliers to the automaker, reports Market Watch. These parts will be used at the automaker's plants in Tennessee (United States), and Mexico. “The loan, which bears market-rate interest and administrative fees, is designed to help parts suppliers win contracts with the German automaker’s operations in Mexico and the U.S. southern states”, reports The Windsor S...
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    “What we’re seeing now, as we work more with One Ford globally and get into more global markets, is a need for us to have a local supply base.”
    Do you use the tendering system to set part prices at Ford, or do you have an internal modelling system that’s used to set prices? For the majority of parts we buy, we have our own cost estimating process within the organization. We generally have an expectation of what the part should cost, with some degree of specificity. So we’ll often do market tests and get quotes from multiple suppliers to confirm our internal expectations. Does Ford dictate pricing to those companies within th...
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    Metalsa plans to expand US plant, invest USD18 million—report
    Metalsa is planning to expand its plant in Tuscaloosa Airport Industrial park in Alabama, United States, investing USD18 million, reports Tuscaloosa News. Metalsa Tuscaloosa, earlier called, ISE Innomotive, will add new high-tech equipment in the plant resulting in 16 new jobs. The new equipment will include a hot-form press, which will manufacture stronger structural support components for vehicles without increasing the vehicles weight. Construction is expected to be completed by the end of 20...
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    Ford collaborates with suppliers for industry-first technologies
    Ford has partnered with its key suppliers to introduce several industry-first technologies in its all-new 2015 Mustang car and F-150 pickup truck, according to a press release. The automaker partnered with Magna to create quarter window for the 2015 Mustang 50 Years Limited Edition. Rather than a plastic or metal louvre that sits on top of the glass, the new quarter window uses louvred glass. Ford partnered with Schuler Inc. and Midway Products to develop the heaviest gauge steel hydroformed A-p...
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    Metalsa completes acquisition of ISE Automotive
    Metalsa has completed the takeover of ISE Automotive, the company said in a press release. The two companies agreed to not disclose the details of the transactions. "We appreciate the support of our new and existing customers as we combine our organisations," said Leopoldo Cedillo, CEO of Metalsa, a subsidiary of Mexico-based Grupo Proeza. "This acquisition provides a number of new opportunities for our customers in the global automotive and commercial vehicle industries." Significance: In N...
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    Latest Mergers and Acquisitions
    Acquirer Acquired Business Sector Comment 3M Ceradyne Ceramics 3M has completed the acquisition of Ceradyne, effective 28 November 2012, says a press release. Ceradyne has become a wholly owned subsidiary of 3M. Earlier this month, the company secured a clearance from the Austrian Federal Competition Authority for its tender offer for all issued and outstanding shares of common stock of Ceradyne at a price of USD35 per...
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    Metalsa signs agreement to acquire ISE Automotive
    Mexico-based Metalsa has entered into an agreement with private equity firm Nordwind Capital to acquire the global assets of ISE Automotive GmbH, according to a press release. The acquisition is subjected to necessary approvals and is expected to be completed within two months. The two companies have preferred not to disclose the financial details of the sales agreement. ISE Automotive manufactures body and chassis modules, hinges and transmissions components and safety systems. The company ...
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    Dana net income down 53% y/y to USD48m in Q3 2012
    Dana’s net income went down 53% year-on-year (y/y) to USD48m in the third quarter (Q3) ended 30 September 2012 compared with an income of USD102m in Q3 2011, according to the company’s press release. Income from continuing operations before interest expense and income taxes also slid to USD117m against USD160m. Net sales for the period stood at USD1.7bn, down 11.5% y/y from USD1.9bn in Q3 2012. For this revenue loss the company blames currency fluctuations which lowered sales by USD120m ...
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    Dana settles warranty claims with Toyota
    Dana has signed a settlement agreement with Toyota Motor Engineering and Manufacturing North America Inc to settle warranty claims related to the frames provided for the automaker’s Tacoma pickup trucks. The frames were manufactured by Dana’s former Structural Products business which was subsequently sold to Metalsa, a subsidiary of Grupo Proeza, for US$147m in March 2010. Under the terms of agreement, Dana will pay total US$25m to Toyota associated with the corrosion on the frames produced....
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    Latest Investments
    Company Region Area of operation Comment Akebono Brake China Brakes 27 May 2010 - Akebono Brake announced plans to ramp up production capacity in China by installing its third production line to manufacture disc brake friction components at its Suzhou facility in Jiangsu province. The expansion will raise capacity at the plant by 20% to 6m units per year. Another facility in Guangzhou, Guangdong province will increase capacity to 400,000 drum brakes (up 70%) and 1.6m disc brakes ...
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    Supplier Profile: Dana
    Dana has started fiscal 2010 strongly with a 25% increase in sales for the first quarter ended 31 March 2010, after posting a decline of around 2% in the fourth quarter of 2009, with an overall sales drop of 35.4% on yearly basis. The decline was attributed to lower industry production volumes in 2009 that led adjusted EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) to decline. Net loss however was lower in the final quarter.   Dana’s first quarter 2010 sales...
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    Metalsa opens new side rails plant in India
    Mexico-based supplier Metalsa S.A. de C.V. has inaugurated a new manufacturing facility in Jamshedpur, in the state of Jharkhand (India). The plant will manufacture side rails for medium- and heavy-duty trucks. The Jamshedpur plant will have an annual production capacity of 180,000 of customised 5, 6, 7 and 8 slide rails. The plant will create 300 new jobs at full capacity. The plant will primarily supply Tata Motors and Mahindra-Navistar.  The new plant further strengthens Metalsa's po...
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    Dana reports 25% increase in Q1 2010 sales
    Dana Holding Corporation has reported a 25% increase in sales for the first quarter ended 31 March 2010. The company sales have increased to US$1.5bn from US$1.2bn in the same quarter in the preceding year.  Dana’s first quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) improved significantly to US$108m from US$16m in the quarter a year ago. The company also managed to narrow its net loss to US$31m in the first quarter of 2010, from US$157m in the first qu...
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    Metalsa plans to close office in US
      Mexico-based Metalsa, which recently completed takeover of Dana's Structural Products business, has decided to close its office in Pottstown, Pennsylvania (US). The office has 70 employees including engineers and support staffs. The company intends to offer relocation opportunities to more than half of the employees. The employees are expected to be offered to relocate to Metalsa’s technical centres in Michigan and manufacturing locations in Kentucky (both in the US). Metalsa pl...
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    Latest merger and acquisition activity
    Acquirer Acquired Business Sector Comment Autoliv 49% stake in Aktsiaselts Norma Safety systems 18 March 2010 - Autoliv announced plans to acquire the outstanding 49% stake in its Estonian subsidiary Aktsiaselts Norma. The deal was approved by shareholders raising Autoliv's stake in Norma to 77%. Autoliv offered EEK92.31m (US$8.1, 18 March 2010) per share for the acquisition of Norma. The offer for the entire bid is over EEK597m (US$52.4m). The acceptance period of the takeover bi...
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    Dana concludes sale of Structural Products business to Metalsa
    Dana has sold majority of its global Structural Products business to Metalsa, a subsidiary of Grupo Proeza, for US$147m. The divestment is aimed to focus on the light-, medium-, heavy-duty vehicles and off-highway markets. The deal includes Dana’s ten plants located in the US, Argentina, Australia, Brazil, and Venezuela. The facility in Venezuela will be concluded to Metalsa in the second quarter of 2010, after receiving necessary approvals from the Venezuela government. Additionally, the dea...
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    Auto parts manufacturers foray into Russia’s Kaluga region for growth
    Enthused with a lucrative growth potential and backed by the supportive government, the Kaluga region of Russia is attracting auto components manufacturers to incubate parts production in the country. Mexico’s Metalsa and China’s Fuyao Group are among the companies which are drawing up plans to embrace the potentiality of the region. The Mexican chassis frame supplier, Metalsa plans to earmark an investment of US$100m, while the Chinese auto glass manufacturer Fuyao intends to invest US$1b...
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    The auto supply industry in 2010
    In the history of automotive industry, 2009 will be remembered as one of the most turbulent years. The global industry slowdown, which started in the second half of 2008, became more pronounced during the first half of 2009. But the slow recovery became visible in some markets during the second half, providing some relief to industry stakeholders and rekindled the hope that worst days are over. The year started amid an unfathomable level of pessimism, with most automakers and suppliers reportin...
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    Dana to shut operations at Reading structural products facility by March 2010
    Dana Holding Co. is closing production operations at its Reading, Pennsylvania (US) by March 2010. The plant’s operations focused on Structural Products business of the company. The supplier had previously announced the plant’s closure in August 2009. The company is relocating majority of its workforce. Nearly 70 workers were relocated to the company’s driveshaft production plant in the same region, at Pottstown, Pennsylvania (US) in December 2009. Further, upto ten employees would be re...
    News
    Moody upgrades Dana outlook second time in a month
    Moody's Investors Service has upgraded its ratings on Dana Holding out of highly speculative territory, after the US-based automotive driveline supplier said that its adjusted earnings would improve significantly in 2010 over 2009. This is second upgradation by the rating agency within a month. Earlier in November 2009, Moody lifted its junk-level ratings outlook on Dana to ‘stable’ from ‘negative’ on the company's improving performance in the previous two consecutive quarters. This was...
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    Dana to sell Structural Products business to Metalsa
    Dana Corporation has entered into an agreement to sell its Structural Products business to Metalsa S.A. de C.V. The closure of the agreement is subject to the government regulatory approvals and customary closing conditions. Metalsa, a subsidiary of Grupo Proeza, manufactures structural components for the light and commercial vehicle markets. Dana intends to sell its business for US$150m which will be paid over the period of time. Of the total amount, US$130m will be paid at the time of closure...
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    Krishna Maruti exploring opportunities to acquire distressed assets of Thyssen and BMW
    Indian auto component supplier Krishna Maruti will meet Thyssen and BMW to explore opportunities for acquiring their distressed assets. Apart from Krishna Maruti, auto components suppliers including Federal Moghul, Rane, JBM group and Sriram Pistons are also seeking opportunities to buy distressed assets of Thyssen and BMW, which are available at 20-30% discounts. Recent trend has shown an increasing interest of Indian auto component suppliers in assets of international automaker. Global meltdo...
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    Tower Automotive falls from the tightrope
    Tower Automotive's Chapter 11 filing on 2 February, closed a chapter in the company's history that had begun to appear never-ending. For well over 12 months it had been clear that the Novi, Michigan-based structural components and assemblies supplier had been fighting growing financial pressures that left minimal room for error. In the end, long-standing liquidity pressures, exacerbated by some minor new product launch hiccups, the ill-timed actions of a number of customers, and rising steel a...
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