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    US automakers, battery suppliers rationalize excess battery capacity, pivot to energy storage systems
    In December 2025, Ford Motor Co. and SK On announced plans to end their $11.4 billion battery joint venture — BlueOval SK — as part of their broader business overhaul amid a slowdown in demand for battery-electric vehicles (BEVs) and the end of government subsidies under the Inflation Reduction Act (IRA). The decision to cease the battery JV came as the two companies sought to avoid accumulating losses from EV battery operations in a market witnessing policy shifts away from BEVs and to r...
    Insights
    European New Car Assessment Program’s button mandate forces a rethink of the digital cockpit
    For more than a decade, the automotive industry followed a clear trajectory: digitize the driving experience, replace physical controls with touchscreens and let software define the cockpit. From 2026, Europe’s most influential vehicle safety assessor will begin to reverse that logic. Under revised protocols, the European New Car Assessment Program (EuroNCAP) will explicitly reward vehicles that provide physical controls for essential driving functions, such as indicators, hazard lights, wi...
    Insights
    Rane Holdings to acquire full ownership of Rane NSK Steering Systems
    The board of directors of India-based automotive supplier Rane Holdings has approved the company’s decision to acquire the remaining 51% stake in Rane NSK Steering Systems from its Japanese partner NSK for 450 million Indian rupees ($5.4 million), Autocar Professional reported July 1. This acquisition will make Rane NSK Steering Systems a wholly owned subsidiary of Rane Holdings, subsequently leading to its renaming as Rane Steering Systems. The completion of this acquisition is anticipated by...
    News
    Steer-by-wire market to record steep growth over next decade
    The automotive industry is undergoing a fascinating transformation with the emergence of steer-by-wire (SBW) technology, which is poised to revolutionize the driving experience and pave the way for the vehicles of tomorrow. As electric power steering (EPS) systems continue to dominate the market, SBW systems are captivating the industry by replacing mechanical connections with algorithms, electronics and actuators. The progress in semiconductor technology, control systems, electrical architec...
    Insights
    ThyssenKrupp, NSK to explore possible steering systems joint venture
    German automotive parts manufacturer ThyssenKrupp announced via press release on 12 May that it had signed an MoU with Japanese bearing systems manufacturer NSK to explore a joint venture between ThyssenKrupp’s Automotive business and NSK’s Steering systems business. According to the MoU, the two companies have agreed to a non-binding assessment of their relevant businesses without any preconceived outcomes. ThyssenKrupp CEO Martina Merz stated that the decision to partner with another...
    News
    NSK develops third-generation ultra-high-speed ball bearing for EV motors
    Japan-based NSK Ltd. has developed a third-generation ultra-high-speed ball bearing for electric vehicle (EV) motors, according to a company press release on 1 April 2021. The new ball bearing is capable of operating at over 1.8 million dmN. The bearing is grease-lubricated deep groove ball bearing for automotive applications, enabling longer vehicle range and higher fuel economy. The bearing also facilitates motor and component downsizing for gains in vehicle interior space. NSK is targeting...
    News
    NSK develops ultra-high-speed bearing for hybrids, EVs
    NSK has developed a new ultra-high-speed bearing ideal for electric vehicles (EVs), including battery electric, hybrid, and other new energy vehicles, according to a company press release on 18 March. The new bearing allows electric motors to operate at higher speeds, reducing power consumption per unit distance thereby improving fuel economy as well as increasing maximum vehicle range. NSK is targeting USD92 million in sales by 2030. Significance: Automakers are pursuing smaller and lighter ...
    News
    Volkswagen, NSK collaborate to advance steering technology
    Japan-based automotive components supplier, NSK Ltd., has announced its collaboration with Volkswagen AG. According to a press release issued by NSK on 1 March, the company stated that this partnership agreement between the companies' steering divisions has been done with the intention to further increase the level of innovation in automotive steering. The joint development of higher power, single pinion electric power steering (EPS) system for Volkswagen’s electric vehicles (EVs) underpinn...
    News
    NSK appoints Akitoshi Ichii as president and CEO
    Japan-based automotive powertrain components supplier, NSK Ltd., has announced changes to its senior leadership. According to a press release issued by NSK on 2 February, the company announced at its regular Board of Directors' meeting held on the same day that Toshihiro Uchiyama will resign as President and Chief Executive Officer of NSK Ltd. to become its new Chairman of the Board of Directors. The company has appointed Akitoshi Ichii as director, representative, president, and CEO of NSK L...
    News
    NSK develops low friction hub unit bearings for EVs
    NSK has developed new low friction hub unit bearings (HUBs) for electric vehicles (EVs), hybrids, and new energy vehicles (NEVs), the Japanese supplier said in a press release on 23 October. HUBs are unit components that integrate bearing and attachment structure. They connect the wheels and vehicle body and enable the wheels to turn freely and smoothly. The new bearings maintain the high reliability of conventional products despite offering lower friction. Significance: NSK said reducing fri...
    News
    NSK develops ultra-high-speed ball bearings for EV motors
    NSK has developed a new ball bearing for use in traction motors of electric and hybrid vehicles, the company announced in a press release on 7 September. The new bearings can allow electric motors to operate at higher speeds, while improving fuel economy, thanks to reduced power consumption per unit distance. The bearings also help improve vehicle range. Significance: The company said that bearings used in powertrains, especially in electric motors, are being subjected to increasingly higher ...
    News
    NSK releases sensor to measure torque of drive shafts in cars in real time
    NSK has developed a non-contact sensor capable of measuring the torque of drive shafts real time in vehicles, the company said in a press release on 7 July. The sensor uses magnetic fields to detect torque by measuring twisting of the drive shaft as it is rotated by the motor. The new torque sensor helps increase fuel economy by reduce power consumption and improve ride comfort and safety. NSK targets yearly sales of JPY6 billion (USD55 million) by 2030. Significance: Conventional torque...
    News
    NSK’s net sales jump 16.1% y/y to USD7.7 billion in FY2019/20
    NSK has reported a fall of 16.1% year on year (y/y) in its net sales to JPY831.03 billion (USD7.7 billion) for the fiscal year ended 31 March 2020. Operating profit during the period was JPY23.6 billion, which is a fall of 70.2% y/y. Net income during the 12-month period decreased 68.8% y/y to JPY17.4 billion. In 2018, NSK spent JPY18.26 billion as research and development expenditures during the full year, as compared to JPY19.02 billion in the year before.
    News
    NSK anticipates strong demand for ball screw–type braking systems within four years
    Japanese manufacturer of bearings, NSK Limited, has commenced the mass production of ball screw units that will be used in electrohydraulic brake systems at its NSK Steering Systems manufacturing facility located at Akagi, Japan. This component has been in production at the company’s Saitama plant since March 2018. Significance: The company launched a project in 2014 to develop products to meet the demand for full-scale adoption of electric brake boosters. The ball screw changes the rotatin...
    News
    NSK develops ultra-high-speed ball bearing for EV motors
    Japan-based NSK has developed a new ultra-high-speed bearing ideal for electric vehicles (EV), including battery electric, hybrid, and other new energy vehicles, the company announced in a press release on 18 March. The new bearing enables electric motors to operate at higher speeds, improving fuel economy by reducing power consumption per unit distance, increasing maximum vehicle range, and contributing to enhanced user comfort. NSK is targeting JPY10 billion (USD92.8 million) in sales by 2030....
    News
    NSK expands ball screw production for electric-hydraulic brakes in Japan
    Japan-based NSK Ltd. is expanding production of ball screw units for electric-hydraulic brakes in Japan. According to a company press release on 4 February, the company has inaugurated a second production line for ball screw units at Akagi Plant (NSK Steering Systems Co Ltd.) in Japan. The company began production in January 2020. Significance: The company noted that global demand for ball screw units is rapidly increasing with regulators mandating new vehicles should be equipped with au...
    News
    Chassis sector wrap-up 2019 – Market analysis
    The buzzword for the automotive chassis sector in 2019 was “consolidation”. Ever increasing competition, falling demands and spiraling costs meant that different companies have felt the need to work together in order to outperform the competition and market standards, and reduce their exposure to risk in a volatile economy. This has been amplified by the emergence of technologies such as autonomous driving, which, according to IHS Markit data has resulted in approximately USD100 billion bein...
    Insights
    NSK develops wirelessly chargeable in-wheel motor
    NSK has developed a new in-wheel motor which comprises motor, inverter and a wireless charging unit, the company announced in a press release on 18 December. The innovative wireless in-wheel motor (W-IWM) for the electric vehicle (EV) market is capable of charging from coils embedded in the road, while in motion. The aim is to enter the verification phase for the real-world testing of an in-motion wireless charging system by 2025. Significance: The wireless in-wheel motor (W-IWM) was develope...
    News
    New emission norms to drive demand for fuel-efficient clutch technologies
    New developments and technological advancements in the automotive powertrain sector are taking place at an unprecedented pace. The focus is on ramping up power and torque levels delivered to the wheels from powertrain units that are increasingly more efficient, in addition to being lighter in weight and more compact in dimensions. Apart from countries such as the United States, vehicles equipped with manual transmissions continue to be the mainstay for customers in the vast majority of car ma...
    Insights
    Tokyo Motor Show 2019: NSK to showcase electrification solutions
    Japanese bearings manufacturer NSK Ltd. will be exhibiting their latest products and technologies at the 2019 Tokyo Motor Show, according to a press release issued by the company on October 18th. One of the company’s major exhibits will be their seamless two-speed eAxle concept, which makes use of a magnetostrictive torque sensor that supplies torque data to the EV motor in order to enable gear changes that do not deliver shocks while shifting. NSK also develops technology that enables EV m...
    News
    NSK's Q1 net income down 50.2% y/y to USD81.9 million
    NSK has reported a fall of 50.2% year on year (y/y) in its net income to JPY8.8 billion (USD81.9 million) during the first quarter ended 30 June 2019, according to a company press release last month. Net sales for the first three months of the fiscal year decreased by 14.5% y/y to JPY222.9 billion. NSK’s Its operating income too fell by 58.6% y/y, to JPY10.2 billion. Net sales in the automotive business witnessed a fall of 15.3% y/y to JPY155.1 billion for the quarter. Operating income of t...
    News
    NSK develops new tapered roller bearing for EV transmissions
    NSK has developed a new tapered roller bearing, called ‘NSK LCube II’ for use in electric vehicle (EV) transmissions, the company announced in a press release on 25 July. The tapered roller bearing gets a special process applied to the surface, increasing durability and seizure resistance under severely low (thin) lubrication conditions. NSK is targeting to sell JPY4 billion (USD36.9 million) worth of its new tapered roller bearings by 2030. Significance: NSK claims that the new NSK ...
    News
    NSK, Volkswagen announce cooperation agreement for innovation in steering technology
    NSK and Volkswagen have announced a cooperation agreement between the two companies' steering divisions to accelerate innovation in steering technology, NSK said in a press release on 7 June. Commenting on the cooperation, Masatada Fumoto, head of NSK's Steering and Actuator Division Headquarters said, “The cooperation agreement with Volkswagen is strategically significant to further expand our product portfolio and global production. The two parties complement each other in many areas, and we...
    News
    NSK’s net sales fell 2.8% y/y to USD8.9 billion in FY2018/19
    NSK has reported a fall of 2.8% year on year (y/y) in its net sales to JPY991.3 billion (USD8.9 billion) for the fiscal year ended 31 March 2019. Operating profit during the period was JPY79.2 billion, which is a fall of 19% y/y. Net income during the 12-month period increased 19.4% y/y to JPY55.8 billion. In 2018, NSK spent JPY19.02 billion as research and development expenditures during the full year, as compared to JPY17.05 billion in the year before.
    News
    Auto Shanghai 2019: NSK to showcase next-generation solutions for EVs
    Japanese automotive supplier NSK is showcasing its next-generation solution for electric vehicles (EV) under its “Innovation Beyond Imagination” theme, the company announced in a press release on 15 April. The display includes Parallel Link Type Active Suspension, Wheel Hub Motor Fit, and Traction Reducer. Significance: NSK said that its products will be used to reduce fuel consumption, improve stability and overall driving experience. Its Parallel Link Type Active Suspension is a new sus...
    News
    NSK opens new plant in India for manufacturing EPS
    NSK’s joint venture, Rane NSK Steering Systems (RNSS) has opened a new plant in Ahmedabad City in Gujarat (India) to manufacture electric power steering (EPS) systems, the company announced in a press release on 26 March. The company has invested JPY800 million (USD7.27 million) in the plant which has an annual production capacity of 250,000 units and has around 150 employees. “By locating the new plant at the automotive industry hub of Ahmedabad we will increase our ability to closely pr...
    News
    NSK to absorb consolidated subsidiary NSK Overseas Holdings
    NSK is set to absorb and merge its consolidated subsidiary NSK Overseas Holdings (NOH), the company announced in a press release on 6 December.  NSK informed that the merger will be completed on 1 March 2019. Significance: NOH has been serving as the holding company for major NSK Group companies both inside and outside Japan, its main function being to administer and manage the major NSK Group companies globally. The decision to absorb NOH was made as part of efforts to increas...
    News
    NSK develops new tilt and telescopic steering column with collapsible structure
    NSK has developed a new tilt and telescopic steering column with a collapsible structure to increase safety, the Japanese supplier said in a press release on 4 June. The collapsible structure provides improved safety through its collapsing mechanism that takes place within the pipe of steering column, the report said citing the company. NSK has already received an order from an unnamed Japanese automaker, which will use the new steering column in six of its models. The company has begun producti...
    News
    NSK’s net sales jump 7.5% y/y to USD9.6 billion in FY2017/18
    NSK has reported a growth of 7.5% year on year (y/y) in its net sales to JPY1.02 trillion (USD9.6 billion) for the fiscal year ended 31 March 2018. Operating profit during the period was JPY97.8 billion, which is a growth of 49.7% y/y. Net income during the 12-month period increased 52.1% y/y to JPY69.3 billion. In 2018, NSK spent JPY17.05 billion as research and development expenditures during the full year, as compared to JPY13.85 billion in the year beofre.  
    News
    NSK develops high performance tapered roller hub unit bearings
    Japan-based bearings manufacturer NSK has developed high performance generation 2.5 tapered roller hub unit bearings (HUB 2.5) for pickup trucks, large sport utility vehicles (SUV), and commercial vehicles, according to a company press release yesterday (5 April). Significance: The new tapered roller bearing unit is an advancement over NSK’s second-generation tapered roller bearings. The tapered roller HUBs feature a unitized design and the company’s low friction technology that helps imp...
    News
    NSK-Warner opens new plant in Mexico to develop clutch assemblies
    Japanese auto components maker NSK’s equity affiliate NSK-Warner (NWC) has opened a new plant in Silao, Guanajuato (Mexico), for developing clutch assemblies for automatic transmissions, the company announced in a press release on 28 March. The plant is built over an area of approximately 50,000 square meters, where building floor space is 10,000 square meters. NWC has invested a total of JPY2 billion (USD18.9 million) in the plant, which will generate around 120 new jobs. “NSK will incre...
    News
    NSK develops low-noise thrust needle roller bearing for EVs
    Japanese automotive supplier NSK has developed low-noise thrust needle roller bearing for electrified vehicles (EVs), the company announced in a press release on 6 December. According to the company, the new bearing reduces noise generated by thrust needle roller bearings by 10%. This leads to a lower noise in an electrified vehicle during electric motor driving. NSK  expects to generate JPY1.5 billion(USD13,321) in sales from new bearings by 2021. Significance: Due to the absence of noi...
    News
    NSK opens new plant in South Korea for needle bearings
    Japanese auto component supplier NSK has opened a new plant in Chonan, South Korea, for manufacturing needle bearings for automotive applications, the company announced in a press release on 1 November. NSK has invested JPY5 billion (USD44.1 million) in the plant which is spread over an area of 90,000 square meters and has close to 200 employees. Significance: The new plant in Chonan is the second expansion NSK has announced this month for its automotive needle bearings. Last week, the compan...
    News
    NSK expands Haruna plant in Japan to produce needle bearings
    NSK has expanded its Haruna plant in Takasaki, Japan, by starting construction of a new building for manufacturing, the company announced in a press release on 1 November. Spread over an area of 10,000 square meter, the building will manufacture needle bearings and will also house several design and manufacturing engineering departments. The expansion is scheduled to be completed by fall of 2018. NSK will invest about JPY5 billion (USD44.1 million) in the new building. “The project has been...
    News
    NSK plans more acquisitions to grow EV business
    NSK is looking at the acquisition route in a bid to grow its business in the electro-mobility segment, reports Nikkei Asian Review citing NSK’s president Toshihiro Uchiyama. According to the report, NSK is looking to finalize a series of acquisitions in the next two years. “With our current financial structure, we can make about JPY60 billion (USD548 million) worth of purchases" through the fiscal year ending in March 2019. We will openly consider any good proposals,” Uchiyama was quoted a...
    News
    NSK’s Q1 net income up 42.2% y/y to USD147.2 million
    In a press release dated 1 August, NSK announced that its net income for the first quarter ended 30 June 2017 has grown 42% year-on-year (y/y) to JPY16.5 billion (USD147.2 million). Net sales for the first three months of the year grew by 5.2% y/y to JPY243.8 billion and Its operating income too rose significantly, by 59.3% y/y, to JPY23 billion. Net sales in the automotive business totaled JPY174 billion for the quarter, which is a growth of 1.8% y/y. NSK experienced growth in its home marke...
    News
    NSK-Warner develops pawl-type one-way clutch for powertrains
    NSK’s equity affiliate NSK-Warner K.K. has developed a pawl-type one-way clutch for automotive powertrains, according to a company press release yesterday (5 June). The new smaller, lightweight clutch is designed for lubricant-free environment connecting the engine and transaxle in a hybrid system. The company expects global annual sales of the new one-way clutch to reach JPY2 billion by 2022. Significance: In the recent past, due to stringent fuel economy standards globally and introductio...
    News
    NSK’s FY 2016/17 net income down 30.7% y/y to USD409.4 million
    NSK has reported a fall of 30.7% year-on-year (y/y) in its net income for the fiscal year 2016/17, ended 31 March 2017, to JPY45.5 billion (USD409.4 million), according to a company press release on 10 May. Net sales for the last fiscal year was also marginally down by 2.7% y/y to JPY949.1 billion. Operating income for the period stood at JPY65 billion, which is down 27% y/y. The company attributed the fall in value of sales, despite improved economy in Japan and globally, to strengthening Yen. ...
    News
    NSK develops cold forming technology for electric power steering shafts
    NSK has developed a new method to manufacture electric power steering (EPS) shafts using cold forming technology, the Japan-based company said in a press release last week (5 April). The Japanese supplier claims that the new process helps produce EPS shafts that are safer, more reliable, and lighter. NSK plans to use the new manufacturing process to produce steering shafts for compact and medium-sized vehicles. Significance: Growing focus on improving fuel economy is driving demand for more f...
    News
    NSK develops low-friction tapered roller bearings for automotive applications
    Japan-based bearing manufacturer NSK has developed a low-friction tapered roller bearing designed for use in automotive transmissions, the company announced in a press release on 14 March. NSK said that it is aiming to touch JPY2 billion annually from sales of the new tapered roller bearings in 2022. The company claims that compared to regular tapered roller bearings, the new bearings reduce friction by up to 60% at low speeds and up to 20% on average for all rotation speeds. Significance: NS...
    News
    NSK’s net income declines 37.7% y/y to USD259.3 million in April-December 2016
    NSK’s net income dropped 37.7% year-over-year (y/y) to JPY30.2 billion (USD259.3 million, 31 December 2016) in the first nine months of financial year (FY) 2016/17 ended 31 December 2016, the company said in a press release. The company witnessed a 38.4% y/y drop in operating income to JPY45 billion. NSK reported a decline in profits mainly due to a 5.1% y/y decrease in net sales to JPY697.6 billion. Sales in the company’s Automotive Business Segment dropped 3% y/y to JPY513.4 billion. Lo...
    News
    NSK unveils improved low-torque ball bearings for CVTs
    NSK has unveiled the improved version of its high-reliability low-torque ball bearings for continuously variable transmissions (CVTs) – BELTOP 8 Bearings, the company said in a press release today (24 January). The company first launched low-torque ball bearings for CVTs in July 2011. These bearings offer enhanced reliability and fuel efficiency for CVTs. Significance: The product, featuring a smaller and lighter design, incorporates a solid lubricant film that prevents housing abrasion, an...
    News
    NSK unveils ‘transmission-equipped wheel hub motor’
    NSK has unveiled ‘transmission-equipped wheel hub motor’ for vehicles, says a company press release. The company claims that the motor is the world’s first transmission-equipped wheel hub motor. NSK plans to commercialize wheel hub components such as hub unit bearing with built-in speed reducer, one-way clutch unit, miniature cage and roller bearing, and anti-corrosion bearing, according to the press release. Significance: NSK has developed a transmission-equipped wheel hub motor to mak...
    News
    Suppliers to the new Peugeot 5008
    The second generation Peugeot 5008 is built on Peugeots' EMP2 platform. Assembly of the new Peugeot 5008 began in December 2016 at PSA's Rennes facility. According to IHS Markit Automotive production forecasts, output is expected to peak in 2017 at more than 65,000 units. If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail aman.kapoor@ihsma...
    Insights
    NSK’s H1 net income down 39% y/y to USD196 million
    NSK’s net income dropped 39% year-over-year (y/y) to JPY19.8 billion (USD196.1 million) in the first six months (H1) ended 30 September 2016, the company said in a press release. The company witnessed a 43.7% y/y drop in operating income to JPY27.3 billion. NSK reported a decline in profits mainly due to a 7% y/y decrease in net sales to JPY455.5 billion. Sales in the company’s ‘automotive business’ dropped 3% y/y to JPY328.5 billion. Lower sales impacted operating income of the automoti...
    News
    NSK to open new transmission plant in Mexico
    Japan-based automotive component manufacturer NSK announced in a press release on 26 September that its 50:50 joint venture with Borg Warner, NSK Warner K.K. (NWC), will open a new plant in Mexico to manufacture clutch assemblies for automotive automatic transmissions. Close to JPY2 billion (USD19.8 million) will be invested in the new plant, which will be located in Silao, Guanajuato (Mexico). The plant will be spread over an area of 50,000 square meters with building floor space of 10,000 s...
    News
    NSK develops transmission bearing with high wear resistance
    NSK has developed a bearing with solid lubricant film for automatic transmissions (AT) and continuously variable transmissions (CVT), the company said in a press release on 13 September. This product contributes to vehicle reliability by reducing wear due to creep, a phenomenon where the outer ring of the bearing starts to shift in transmission cases (housing), the company said, adding that it is targeting JPY2 billion (around USD19.59 million) in global annual sales for this product in 2020....
    News
    NSK agrees to partially settle class action suits
    Japanese bearings company NSK and some of its subsidiaries in Japan and the United States agreed last week (22 July) to settle with some indirect purchasers that are part of the plaintiff classes, according to a company press release. NSK agreed to pay USD34.5 million to settle charges by some automotive dealers and end buyers over auto parts price fixing. The purchasers have alleged that NSK and other auto parts makers conspired to restrict competition for bearings and other components in the U...
    News
    New Frontiers
    “String batteries” cut charging time Tanktwo string cells: key to modular battery design; Source: TANKtwo Tanktwo, a battery technology startup, has developed rechargeable ellipsoidshaped “string batteries”, which can be used in electric vehicles, according to a press release. The report says depleted batteries can be sucked out and recharged batteries can be poured into the battery container of the car within three minutes. The batteries connect directly without the ...
    Insights
    NSK’s net income down 8.4% y/y to USD597 million in FY 2015/16
    NSK’s net income decreased 8.4% year-on-year (y/y) to JPY67.2 billion (USD597 million, 31 March 2016) in the financial year ended 31 March 2016, according to a company press release. Net sales for the period remained almost flat at JPY975.3 billion (USD8.7 billion). The company posted a 2.7% y/y drop in operating income to JPY94.7 billion (USD842 million). NSK’s ‘automotive’ business segment’s sales grew 4.9% y/y to JPY689.1 billion (USD6.1 billion) and its operating income increased 1...
    News
    NSK announces structural reorganisation of group companies
    NSK has announced structural reorganisation of NSK Group companies through company split and absorption-type merger, effective 1 July 2016, the company said in a press release yesterday (26 April). Under the reorganisation, NSK will merge NSK Needle Bearring Ltd. (NNBH) by absorption to deploy growth strategies and improve efficiency of its corporate structure. NSK will succeed to NNBH shares owned by NSK Overseas Holdings Co., Ltd. (NOH), a wholly owned subsidiary of NSK, through a company spli...
    News
    NSK develops next generation Creep-Free bearings for hybrids, EVs
    NSK has developed the next generation of Creep-Free lineup of bearings for hybrid and electric vehicle drivetrain components, according to a press release. The new bearings have increased resistance to static and rotational creep and are easier to assemble without the need to anchor them mechanically. NSK targets JPY1.5 billion (USD13.4 million) in global sales for the product in 2020. Significance:  Creep in bearings leads to wear in the bearings, which can in turn lead to increased vi...
    News
    NSK develops next-generation Creep-Free bearings for hybrids, EVs
    NSK has developed the next generation of Creep-Free lineup of bearings for hybrid and electric vehicle drivetrain components, according to a press release. The new bearings have increased resistance to static and rotational creep and are easier to assemble without the need to anchor them mechanically. NSK targets JPY1.5 billion (USD13.4 million) in global sales for the product in 2020. Significance:  Creep in bearings lead to wear in the bearings, which can in-turn lead to increased vibrat...
    News
    PSA seeks compensation from suppliers accused of price-fixing
    Groupe PSA is said to be seeking compensation from component suppliers that were accused of price-fixing, reports Automotive News Europe (ANE). According to the trade publication, units within the automaker are seeking restitution from bearing suppliers NSK, NTN, JTEKT, SKF and Schaeffler through a claim filed with the UK's Competition Appeal Tribunal on 26 February. A spokesperson for NSK said that the French OEM's companies are asking for EUR507.8 million (USD573.9 million) in damages fro...
    News
    PSA files lawsuit against SKF for violation of European competition rules
    French automaker Peugeot and its group companies have filed a lawsuit against bearing manufacturers, including SKF, regarding violation of European competition rules and have sought a claim for the damage, according to a press release by the Sweden-based bearing supplier. The automaker filed the lawsuit with the Competition Appeal Tribunal in the United Kingdom. Significance: In March 2014, the European Union (EU) found six bearing suppliers – Schaeffler, SKF, JTEKT, NSK, Nachi-Fujikoshi ...
    News
    NSK develops new column-type EPS system
    NSK has developed a new column-type electronic power steering (EPS) system, according to a press release on 15 February. The EPS has a tilt mechanism to adjust position up and down and also to allow continuity of operation and enhance safety. NSK has made the internal mechanical constructions of the gearbox more compact and as a result the new product is 13% lighter than current products. The company has also worked on improving the safety aspect via the torque sensor’s monitoring function on ...
    News
    NSK develops new EPS equipped with active on-centering control
    NSK has developed an electrical power steering (EPS) system equipped with active on-centering (steering wheel return) control, according to a company press release on 3 February. The new product has a modified control of steering wheel to adjust the optimal return and change assistant force, thereby preventing worsening return trajectories and contributing to comfortable, stable and stress-free driving. Significance: The company explains that when a steering wheel returns to the centre posit...
    News
    NSK’s April-December net income up 15% y/y to USD416.5 million
    NSK’s net income increased 15% y/y to JPY50.2 billion (USD416.5 million, 30 December 2015) in the first nine months ended 31 December 2015, according to a company press release on 1 February. Net sales for the period increased 3.3% y/y to JPY735.4 billion (USD6.1 billion). Higher sales helped the company to record a 10% y/y growth in operating income to JPY73.7 billion (USD611.5 million).  NSK’s Automotive Business segment sales grew 7.6% y/y to JPY516.8 billion (USD4.2 billion) and ope...
    News
    Suppliers to the new Mercedes-Benz E-Class
    If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail james.clark@ihs.com.This cutaway represents a subset of the European and NAFTA supply base information held in the SupplierBusiness Who Supplies Whom Database. Please click here for more information on this product.
    Insights
    NSK develops ball bearings for engines
    NSK has developed a ball bearing for fan clutches used in a vehicle’s engine, according to a press release on 15 December. The product uses a modified seal to deliver enhanced performance. The company claims that the product is 30 times more dust resistant and eight times more resistant to muddy water compared to previous versions. To achieve this, the company has used a slinger, a circular metal part pressure-fitted on the inner ring of the bearing, to increase the number of seal lips (barrie...
    News
    Suppliers to the new Renault Mégane
    If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail james.clark@ihs.com. This cutaway represents a subset of the European and NAFTA supply base information held in the SupplierBusiness Who Supplies Whom Database. Please click here for more information on this product.
    Insights
    The Indian Automotive Supply Base
    Speed bumps The supplierindustry has had to manoevre a couple of rough patches in the recent past, especially in FY 2008/09, during the global economic slowdown, and more recently in FY 2013/14, owing to a slowdown in economy and vehicle sales and production in India. According to an estimate, more than 40% of production capacity remained unused during 2012-2014 due to subdued demand for new vehicles. The commercial vehicle industry has had a relatively tougher time with production declining...
    Insights
    Suppliers to the new Volkswagen Tiguan
    If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail james.clark@ihs.com. This cutaway represents a subset of the European and NAFTA supply base information held in the SupplierBusiness Who Supplies Whom Database. Please click here for more information on this product.
    Insights
    NSK develops large ball screw to fabricate large plastic components
    NSK has announced the expansion of its high-load drive ball screws to develop larger plastic components. According to a company press release, NSK is targeting JPY1 billion (USD8.1 million) in annual sales of its high-load drive ball screw series in 2018. Significance: NSK seeks to tap into the demand for larger plastic components to reduce weight and thereby CO2 emissions in hybrid and electric vehicles. Large plastic components such as bumpers and door modules and instrument panel interior...
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    NSK develops roller thrust needle bearing for automatic transmission planetary gear mechanisms
    NSK has developed a roller thrust needle bearing for planetary gear mechanisms for use in automotive multistage automatic transmissions (step AT), says a company press release. The company claims that the new product is the world’s smallest roller thrust needle bearing. With a diameter of 1 mm, 0.2 mm thick and a length of 1.8 mm, the same size as the washer, the product is a perfect replacement for washers. The company expects global annual sales of the new product to reach JPY1.8 billion in ...
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    NSK's H1 net income up 29% y/y to JPY33.5 bil.
    NSK’s net income increased 29.2% y/y to JPY33.5 billion (USD279.7 million, 30 September 2015) in the first half ending 30 September 2015, according to a company press release. Net sales during the period increased 5.5% y/y to JPY489.7 billion. Higher sales helped the company to record a 19.8% y/y growth in operating income to JPY49 billion. NSK’s Automotive Business segment sales grew 8.7% y/y to JPY339 billion and operating income increased 22.4% y/y to JPY34.5 billion. The company bene...
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    NSK develops stock ball screws for automotive applications
    NSK has developed standard stock ball screws used in various industries including automotive, says a press release. The nut dimensions of the new product meets DIN (DIN69051-5) which is used widely in Europe. NSK will display the product at EMO 2015, Machine Tool World Exposition which will be held in Milan, Italy from 5 October to 10 October. The company will launch the product in market in February 2016. The company aims to achieve global sales of JPY200 million (USD1.6 million, 14 September 2...
    News
    NSK Q1 net income rises 26.6% y/y to USD145 million
    NSK’s net income increased by 26.6% y/y to JPY17.8 billion (USD145 million) in the first quarter ended 30 June 2015, the company said in a press release on 29 July. Net sales during the period increased 9.6% y/y to JPY251.2 billion (USD2.04 billion). Higher sales helped the company to record 27.8% y/y growth in operating income to JPY26.1 billion (USD212 million). Geographically, sales in Japan increased by 2.2% y/y to JPY81.3 billion (USD66 million) while sales in international markets gr...
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    NSK develops new bearing for automotive applications
    NSK has developed a new bearing featuring high-speed capability for automotive applications including belt idlers and tensioner pulleys, says a company press release. The company aims to achieve JPY1 billion in global sales of this new product by 2020. Significance: To improve fuel efficiency, automakers and suppliers are making compact engines. To meet this trend, bearings for idlers and tensioners need to support high-speed revolutions to be able to work with smaller pulleys. The new beari...
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    Management changes (Issue 4, 2015)
    Continental has named James Bayley new vice-president of commercial vehicles and aftermarket (CVAM) business unit within the company’s Interior Division in North America; Bayley will replace Jerry Gabbard. In his new role, Bayley will be responsible for the company’s strategic development and overall executive management for its commercial vehicles, specialty vehicles, aftermarket, transportation technologies, and original equipment services business segments. Denso has promoted Michael ...
    Insights
    NSK showcases new products at Automotive Engineering Exposition 2015 in Japan
    NSK is showcasing new automotive products at Automotive Engineering Exposition 2015 in Japan, being held from 20 May to 22 May 2015, the company said in a press release yesterday (19 May). The products to be displayed include ISO 26262-compliant electric power steering (EPS), low-torque tappet roller and bearing products. The new EPS features enhanced diagnostics for its sensors and integrated circuits (ICs) that meet the higher safety levels. The new low-torque tappet roller features chrome...
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    NSK net income almost doubles y/y to USD517.3 million in FY 2014/15
    NSK has reported a 98.8% year-on-year (y/y) increase in net income to JPY61.9 billion (USD517.3 million, 31 March 2015) in the financial year ended 31 March 2015, according to a press release. Operating income for the period increased 43% y/y to JPY97.3 billion (USD813.2 million). NSK reported strong growth in earnings primarily on an 11.8% y/y increase in net sales to JPY974.8 billion (USD8.1 billion). Automotive business sales totalled JPY656.9 billion (USD5.4 billion), up 11.3% y/y, while...
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    NSK appoints Norio Otsuka as Chairman
    NSK has announced the appointment of Norio Otsuka as chairman, according to a company press release. Otsuka has resigned from the post of president and CEO of NSK. The company will make an official announcement at its annual shareholders' meeting, which is scheduled for 24 June 2015. Additionally, Toshihiro Uchiyama will assume the role of new president and CEO. Presently, Uchiyama is the executive vice-president. Uchiyama joined NSK in 1981 and held various leadership roles. In June 2013, U...
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    NSK revises FY2014/15 forecast
    NSK has revised its forecast for the financial year ending 31 March 2015, says a company press release. The company now expects net sales of JPY970 billion (USD8.1 billion) against its earlier prediction of JPY950 billion (USD7.9 billion, 26 March 2015) made at the time of announcing its nine months result for the period ended 31 December 2014. Operating income figure has also been revised upward and is anticipated to be JPY94 billion (USD785.9 million) versus JPY86 billion (USD719 million). NSK...
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    NSK net profit up 16-fold y/y to USD148 million in Q3 FY 2014/15
    NSK reported a 16-fold year-on-year (y/y) increase in net income to JPY17.8 billion (USD148.4 million, 31 December 2014) in the third quarter ended 31 December 2014, according to a press release. Operating income marked a 64.6% y/y rise to JPY26.2 billion (USD218.4 million). Sales increased to JPY247.5 billion (USD2 billion), up 10.4% y/y. NSK has reported a 176.7% year-on-year (y/y) increase in net income to JPY43.7 billion (USD364.3 million) in the nine months period ended 31 December 2014...
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    NSK develops low friction reduction gear for EPS
    NSK has developed a low-friction reduction gear for electric power steering (EPS) system, says a press release. The new system helps to reduce steering wheel operation fatigue as it gives enhanced coordination between car and a driver. The product offers smooth steering corrections when driving straight and increased comfort level when the steering wheel returns from large steering efforts such as turns in intersections. NSK is planning to roll out the new product in 2017. NSKs new low-frict...
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    EDITORIAL – SupplierBusiness’ most read articles in 2014
    January – Future demand for manual transmissions IHS Automotive took an in depth look at the manual transmission market and where it is heading. Though the technology is at a high state of development, there are still new elements being added. Six is expected to be the ideal number of speeds for manual transmission going forward. February – Continental retunes its powertrain strategy Continental splits its Strategy and Technology department two separate entities, in a bid to foc...
    Insights
    NSK develops new retainer plate equipped ball bearing for automotive transmissions
    NSK has developed a new retainer plate equipped ball bearing for automotive transmissions, the company announced in a press release today (19 December). Retainer plate equipped ball bearing in manual transmission. Source: Company website Significance: Use of retainer plate equipped ball bearings is increasing in automotive transmissions. The bearings used in transmissions are required to have greater rigidity that help reduces the overall length of the transmission. A retainer plate...
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    NSK holds opening ceremony for new manufacturing plant in Mexico
    NSK held an opening ceremony for NSK Bearings Manufacturing Mexico S.A. de C.V., its first plant in Mexico, on 9 December, says a press release. The plant, opened in April 2014, is located in the state of Guanajuato and supplies bearings to both automakers and auto parts makers in Mexico. The plant began mass manufacturing in July. The plant, set up with an investment of USD60 million, is spread across approximately 100,000 square metres. NSK said in the press release, "Mexico has signed customs...
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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...
    Insights
    Suppliers to the new Audi TT
    If you would like your company included in this feature, or the car cutaways published in Automotive News or Automotive News Europe, please e-mail james.clark@ihs.com. This cutaway represents a subset of the European and NAFTA supply base information held in the SupplierBusiness Who Supplies Whom Database. Please click here for more information on this product.
    Insights
    South Korea fines nine bearing suppliers for price-fixing; two NSK, JTEKT's executives indicted for price-fixing in US
    South Korea’s Fair Trade Commission (FTC) said on Sunday (16 November) that it had found nine bearings suppliers from Japan and Germany guilty of fixing prices of bearings for more than a decade, reports The Korea Herald. The Korean antitrust regulator has imposed a combined fine of KRW77.8 billion (USD70.6 million). Japan-based NSK has been ordered to pay the largest amount of KRW33 billion (USD15million). Other Japanese suppliers that are asked to pay fine include JTEKT and Fujikoshi. Be...
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    NSK's Q2 net income more than doubles y/y to USD106 million
    NSK has reported a 121.4% year-on-year (y/y) increase in net income to JPY11.7 billion (USD106.9 million, 30 September 2014) in the second quarter ended 30 September 2014, says a press release. Operating income was up 27.8% y/y to JPY20.3 billion (USD185.4 million). Net sales was up 12.7% y/y increase to JPY235 billion (USD2.1 billion). Automotive business sales totaled JPY157.2 billion (USD1.4 billion). In the first six months ended 30 September 2014, NSK's net income increased 75.5% y/y to...
    News
    The top 25 automotive suppliers in the world
    The current decade is shaping up well for the global automotive supplier industry. The industry continues to record strong growth in sales, despite prolonged weakness in vehicle demand in key markets like Europe and highly volatile demand in emerging markets. Amid such an unpredictable business environment, North America has impressed with consistent growth in vehicles sales following the global financial crisis, led by strong demand in the United States, the largest market in the region and the...
    Insights
    NSK develops planetary shaft for cars
    NSK has developed a long-life planetary shaft for use in planetary mechanisms of automatic transmissions, continuously variable transmissions, and hybrid systems in vehicles, according to a company press release. The company has optimised its heat treatment process and raw materials to extend the life of the new planetary shaft 2.5 times compared with earlier versions by making the overall planetary mechanism lighter and smaller. This in turn leads to improved fuel economy. NSK expects global sa...
    News
    EDITORIAL – IHS SupplierBusiness Top Suppliers Ranking
    The global automotive supplier industry continues to strengthen, especially at the top end where tier one suppliers have built economies of scale by providing parts to multiple manufacturers around the world. This has created a group at the top that now have revenue that is comparable to OEMs (Bosch’s automotive revenue was EUR30.59bn in 2013; Renault’s was EUR40.93 billion). These suppliers will only get stronger as well, as they hoover up contracts for more parts on fewer platforms that wi...
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    EU antitrust chief says more fines on way for auto suppliers – report
    European Union (EU) regulators will continue investigations into supplier cartels in the automotive sector and penalise suppliers who are found guilty, reports Automotive News Europe citing European Competition Commissioner, Joaquin Almunia. Almunia while speaking at International Bar Association conference said, “We have already taken two decisions against car parts producers – the wire harnesses case in July 2013 and the bearings case last March – and there are more in the pipeline....
    News
    Hitachi Automotive not fined by NDRC probe
    Japanese component supplier Hitachi Automotive will not be fined for monopolistic behaviour, reports Reuters quoting a statement from the National Development and Reform Commission (NDRC). Hitachi has allegedly "halted its monopolistic behaviour." Significance: Hitachi has managed to avoid being fined by significantly assisting the NDRC's investigation, providing relevant evidence to strengthen the antitrust investigations. The NDRC issued a statement on 15 August saying that Hitachi wo...
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    China fines Japanese automotive suppliers for antitrust law violations
    China’s antitrust regulator, the National Development and Reform Commission (NDRC), has found more than 12 Japanese automotive component suppliers guilty of price fixing and imposed antitrust fines totalling CNY1.24 billion (USD201.6 million, 20 August 2014), reports Bloomberg. The suppliers involved in the antitrust law violations include Aisin Industry, Denso, Furukawa Electric, Hitachi, JTEKT, Mitsuba, Mitsubishi Electric, Nachi-Fujikoshi, NSK, NTN, Sumitomo Electric and Yazaki. Of the ...
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    South Korea's FTC likely to impose USD98 million fine on Japanese, German bearing makers for price-fixing – report
    South Korea’s Fair Trade Commission (FTC) has uncovered evidence about the involvement of certain Japan- and Germany-based bearing suppliers in price-rigging, reports Maeil business newspaper. The companies being probed include JTEKT, Minebea, Nachi-Fujikoshi, NTN, NSK, and Schaeffler, among others. The FTC alleges that these companies colluded to supply at least KRW1 trillion (USD979.1 million, 26 June 2014) worth of bearings at prices higher than a competitive price to South Korean companies...
    News
    Three Japanese ball-bearing makers fined in Singapore for price-fixing
    Singapore's Competition Commission yesterday (27 May) fined three Japanese ball-bearing makers – NSK, NTN and Nachi-Fujikoshi – a total of SGD9.2 million (USD7.2 million) for price-fixing, reports Kyodo News. Nachi-Fujikoshi was fined SGD7.5 million, NSK SGD1.2 million and NTN SGD455,000. A fourth Japanese company, JTEKT, was also involved but was not fined under the Competition Commission's leniency programme as JTEKT's local subsidiary was the first to admit participation in the cartel. Ex...
    News
    Former Tokai Rika executive indicted in US over price-fixing cartel
    A former Tokai Rika executive has been indicted by the US Department of Justice (DOJ) for allegedly playing a role in a conspiracy to fix prices of heater control panels and ordering the destruction of related evidence, reports Kyodo News. Hitoshi Hirano, a former executive managing director at Tokai Rika, was charged with bid-rigging from October 2003 to February 2010 for panels supplied to Toyota for installation in vehicles manufactured and sold in the United States and elsewhere. Hirano is a...
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    NSK to pay USD3 million fine for price fixing in Australia
    NSK Australia has been asked by the Federal Court to pay a USD3 million fine for its involvement in cartel conduct in relation to the price of bearings in Australia, reports the Australian. Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), which initiated the action, said although the case did not affect bearings used in the manufacture of vehicles, the conduct did affect the price of bearings used for repairs to vehicles. Significance: Senior Japanese exec...
    News
    NSK’s net income up nearly doubles to USD303 million in FY2013/14
    NSK has reported net income of JPY31.2 billion (USD303.4 million) in the financial year ended 31 March 2014, almost double compared with JPY15.7 billion (USD166.6 million) during the same period a year ago, the company said in a press release. Operating income more than doubled from JPY32.4 billion (USD343.8 million) to JPY68 billion (USD661.3 million). The company recorded strong growth in earnings driven by a 19% y/y increase in sales to JPY871.7 billion (USD8.5 billion). The company repor...
    News
    Showa agrees to plead guilty in auto parts price-fixing probe in US
    Showa Corporation has agreed to plead guilty for its role in fixing prices of electric power steering assemblies and to pay USD19.9 million in fine, the US Department of Justice (DOJ) said in a press release. The Japanese supplier is charged for colluding with other suppliers between 2007 and 2012 to fix prices of certain power steering assemblies sold to Honda. “Today’s guilty plea marks the 27th time a company has been held accountable for fixing prices on parts used to manufacture cars in...
    News
    EDITORIAL - Auto parts suppliers face increasing cases of price-fixing
    Auto parts suppliers are increasingly coming under the microscope for their potential involvement in fixing prices of components sold to automakers. Anti-trust regulators across the key vehicle markets are becoming more watchful and are broadening their investigations related to component pricing. Over the past three years, there has been a dramatic increase in price-fixing cases involving suppliers and executives. Anti-trust regulators have imposed hefty fines on companies while executives have...
    News
    EU fines Schaeffler, SKF, three other bearings suppliers USD1.3 billion in price-fixing probe
    The European Commission (EC) has found six bearings suppliers – Schaeffler, SKF, JTEKT, NSK, Nachi-Fujikoshi and NTN with its French subsidiary NTN-SNR – to be involved in fixing price of automotive bearings, according to a press release. The commission has imposed a total fine of EUR953.3 million (USD1.3 billion) on five of these suppliers; JTEKT has been let off without a fine for blowing the whistle on the cartel. According to the EC, these six bearings makers colluded to secretly co...
    News
    NSK renews single-axis actuator series Monocarrier
    NSK has renewed its single-axis actuator series, Monocarrier, making it faster and quieter besides offering a longer life, says a company press release. NSK was able to increase the allowable rotational speed of its new Monocarrier series by 1.6 times from 3,000 min-1 to 5,000 min-1. Additionally, NSK has changed some of the rolled ball screws used in the Monocarrier series to precision ball screws. The company managed to reduce the noise level by 5 decibels and cut the vibration level in h...
    News
    NSK to pay USD4m fine on price-fixing charges in Canada
    NSK has been fined CAD4.5m (USD4.1m) by the Canadian province of Quebec for its role in an international bid-rigging scheme against Toyota Manufacturing Canada, reports Reuters. According to the federal Competition Bureau, NSK was hit with the fine after pleading guilty to two counts of bid-rigging under the Competition Act. “Bid-rigging has a negative impact on all Canadians, and cracking down on cartel offences continues to be a top priority for the bureau,” John Pecman, commissioner of co...
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    NSK develops advanced electric power steering
    NSK has developed an electric power steering (EPS) system optimized for use in multiple types of global vehicle models, according to a company press release. The new EPS system contains a microcomputer with two processors that monitor each other. The system could achieve a high-precision, high-speed failure detection function for improved EPS safety. It is about 10% lighter in weight compared with standard EPS systems, due to smaller and lighter ECU (24% lighter than the current type). The same ...
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    NSK develops long life WQTF tapered roller bearing
    NSK has developed a long life WQTF tapered roller bearing, suited to high load conditions where there is a potential for denting, useful for applications such as transmissions and differentials for automobiles, says a company press release. The rolling elements of these new bearings provide approximately four times longer life than conventional bearing. The bearing steel is specially heat treated to achieve 20% greater static strength (dent resistance) compared to the conventional bearing. The c...
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    NSK develops needle bearing for use in automatic transmissions, HEVs
    NSK has developed a new high speed needle bearing for planetary mechanisms for use in automobile automatic transmissions and hybrid electric vehicles (HEV), says a company press release. The new product is designed for the higher speed revolution of pinion gears and contributes to improved fuel efficiency in automobiles. The product produces higher efficiency for the transmission by allowing higher rotation speeds for the pinion gear and carrier. Additionally, the abrasion resistance (anti-s...
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