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    2026 Automotive Supplier Outlook
    In the wake of another tumultuous year for the global automotive industry, this report provides unfiltered insights directly from the front lines. S&P Global Mobility’s Matthew Beecham engaged with 59 senior executives from across the automotive supply chain to capture their experiences and strategies. Now in its third year, this comprehensive end-of-year analysis outlines the operational and strategic challenges suppliers faced in 2025 and how they are preparing for 2026. The suppliers...
    Insights
    2026 Automotive Analyst Outlook
    S&P Global Mobility’s 2026 Automotive Analyst Outlook presents a comprehensive collection of insights, reflections and forward-looking perspectives from our team of analysts. Drawing on a year marked by volatility, innovation and adaptation, our experts examine how the global automotive industry navigated the challenges and opportunities of 2025 — from supply chain disruptions and regulatory shifts to the evolving landscape of electrification, connectivity and consumer preferences. Throu...
    Insights
    Eye-Net, Renault Group and Orange collaborate on live public transportation project in France
    Foresight Autonomous Holdings, a developer of advanced 3D perception systems, announced that its majority-owned subsidiary, Eye-Net Mobile, has successfully completed a previously announced large-scale live trial of the SafeCycloMove “Collision Prevention” project in Bordeaux, France. The initiative was conducted in collaboration with Renault Group, Orange SA and additional partners, as part of Eye-Net’s ongoing work with Software République to advance smart mobility solutions and promote...
    News
    Arrow Electronics launches initiative for next-gen vehicle E/E architecture development
    Arrow Electronics has introduced a strategic initiative and research hub to facilitate the development of next-generation vehicle electrical and electronic (E/E) architecture. The initiative aims to provide automakers and tier 1 suppliers with engineering expertise and supply chain support as the industry shifts toward software-defined vehicles (SDVs). E/E architecture represents a shift from distributed computing, where separate computers manage individual features, to centralized systems that ...
    News
    Aumovio supplies Leapmotor’s B- and C-platform vehicles with advanced safety technologies
    Aumovio is supplying Leapmotor, a mainland China-based electric-car manufacturer, with a range of safety systems for its B- and C-platform vehicles. Leapmotor’s B-platform models are equipped with Aumovio's latest long-range radar, electric parking brake and airbag control unit (ACU), while the C-platform models come equipped with the MK C2 one-box brake system, long-range radar and ACU. For Leapmotor's high-volume sport utility vehicle models such as the C10, C11 and C16, Aumovio supplies ...
    News
    Bridgestone enters agreement to sell steel cord business in mainland China and Thailand to Bekaert
    Bridgestone Corp. has reached an agreement to sell its Steel Cord business in mainland China and Thailand to Bekaert. The Japanese tiremaker operates its Steel Cord business in these two Asian markets with wholly owned subsidiaries: Bridgestone (Shenyang) Steel Cord Co. Ltd. and Bridgestone Metalpha (Thailand) Co. Ltd. Bridgestone expects this sale to be completed in the first half of 2026. The Thai subsidiary of the Japanese tiremaker, Bridgestone Metalpha, was established 30 years ago. It o...
    News
    Electrify America’s network surpasses 5,600 chargers across North America
    Electrify America, the largest open hyperfast-charging network in the US, continues to demonstrate its commitment to the future of driving, focusing on providing services directly for drivers. In 2025, Electrify America surpassed a network of 5,600 chargers across North America. Moreover, the network facilitated over 20 million charging sessions, marking a 21% year-over-year increase in 2025. This increase in charging activity resulted in a 26% rise in total energy delivered, exceeding 750 GW...
    News
    Kia India signs MOU with BPCL, expands EV charging network to over 15,000 points
    Kia India has signed a memorandum of understanding (MOU) with Bharat Petroleum Corp. Ltd. (BPCL) to enhance its electric vehicle charging network, expanding its K-Charge system to over 15,000 EV charging points across India. This collaboration aims to improve charging accessibility and boost range confidence, a key factor in EV adoption. According to Atul Sood, senior vice president of Sales & Marketing at Kia India, the partnership with BPCL is intended to make EV ownership more pract...
    News
    Kiwi Charge raises C$1.7 million investment in Ontario for developing autonomous EV charging
    Kiwi Charge, a robotics and AI startup, has launched a project to develop autonomous electric vehicle charging solutions, funded by a C$1.7 million investment. The government of Ontario, through the Ontario Vehicle Innovation Network (OVIN), along with General Motors Canada and Pfaff Automotive, supports this initiative. The investment includes a C$500,000 grant from the OVIN R&D Partnership Fund and C$1.2 million from industry partners. Kiwi Charge will showcase its autonomous charging r...
    News
    Mahindra selects Mobileye's ADAS for six upcoming models
    Mahindra & Mahindra has selected Mobileye's SuperVision and Surround advanced driver assistance systems for six upcoming vehicle models, with production anticipated to start in 2027. The program will utilize Mobileye's EyeQ6 High system-on-chip and will include multiple Mahindra models set to launch in India and other markets, with Mobileye serving as a tier 1 supplier. Both ADAS solutions will integrate various functions, such as perception, Road Experience Management (REM) intelligence and...
    News
    MAHLE develops innovative heat recovery system for EVs
    MAHLE has developed an innovative heat recovery system called HeatX Range+ for efficient cabin heating in electric vehicles. The newly developed thermal management system can significantly impact the driving range of EVs during winter, the company said. The system reduces the energy demand for air conditioning in EVs by approximately 20% compared to conventional exhaust air systems. This advancement extends the range per battery charge and ensures high-quality interior air. Martin Wel...
    News
    Panasonic reports 3.5% YOY decline in Energy unit's Q3 profit due to North American market
    Panasonic Holdings reported a 3.5% year-over-year decline in third-quarter operating profit for its Energy unit, which produces batteries for Tesla, primarily due to a weaker performance in the North American market. The company also revised its full-year profit outlook downward and reported a loss for the quarter. The Energy segment achieved a third-quarter operating income of ¥40.5 billion (approximately $259.2 million), influenced by a cooling electric vehicle market in North America, whi...
    News
    ProLogium Technology begins construction of gigafactory in Dunkirk for battery production
    ProLogium Technology has initiated the construction of a gigafactory in Dunkirk, France, marking the company's first facility outside Taiwan. This site will focus on the mass production of solid-state lithium ceramic batteries, contributing to Europe's energy transition and strategic technological sovereignty. Supported by the French government, this facility aims to enhance France's industrial ecosystem and create jobs while supporting the decarbonization of the economy. French President Emm...
    News
    RWTH Aachen University plans to develop magnet-free electric motors
    The Chair of Production Engineering of E-Mobility Components (PEM) at RWTH Aachen University has embarked on the two-year NAFTech research project, funded by the German Federal Ministry for Economic Affairs and Energy. Collaborating with the Institute of Electrical Energy Conversion (IEW) at the University of Stuttgart and the Chair of Manufacturing Automation and Production Systems (FAPS) at FAU Erlangen, the PEM team aims to develop an electric motor as a traction drive that eliminates the ...
    News
    Tata AutoComp opens two new manufacturing facilities in Sanand, India
    On Jan. 30, Tata AutoComp Systems Ltd., an automotive supplier affiliated with the Tata Group and a key supplier to Tata Motors, opened two new manufacturing facilities in Sanand, Gujarat, India, to produce seating systems and thermal systems, The Hindu Business Line reported Feb. 10. While the seating systems facility is managed by TM Automotive Seating Systems Private Ltd., TACO Air International Thermal Systems Private Ltd. will be responsible for thermal systems. TM Automotive Seating Sys...
    News
    Waymo removes human drivers for robo-taxi service launch in Nashville with Lyft collaboration
    Waymo has advanced its autonomous vehicle operations by removing human safety drivers from its test vehicles in Nashville, Tennessee, as it prepares to launch its first robo-taxi service in Tennessee, US. Announced Feb. 10, this move intensifies the competitive landscape of the US robo-taxi market. The forthcoming commercial robo-taxi service in Nashville will be in collaboration with Lyft and is expected to commence in 2026. Initially, rides will be available through the Waymo One app, wit...
    News
    Xpeng collaborates with Voltron to launch Indonesia's first ultrafast EV charging facility
    Xpeng has partnered with Indonesia's largest private charging point operator, Voltron, to introduce Indonesia's first ultrafast-charging facility with a capacity of up to 480 kW. This initiative aims to provide a faster and more efficient charging experience for Xpeng vehicle users, reflecting Xpeng's commitment to customer comfort by ensuring the readiness of supporting facilities. The ultrafast-charging system is designed to support the Xpeng G6 Pro, which can accommodate a charging power o...
    News
    Koito’s nine-month FY’2025/26 net sales up 2.2% YOY to $4.4 billion
    Koito Manufacturing reported a 2.2% year-over-year increase in net sales to ¥690 billion (nearly $4.4 billion) in the first nine months of fiscal year 2025/26, ended Dec. 31, 2025, despite witnessing lower sales in China, where an increase in production volume was undermined by sluggish sales of Japanese vehicles. However, this decline was outweighed by the acquisition of new orders in Japan and North America. Higher sales helped the Japan-based automotive lighting systems supplier record an...
    News
    Prime Planet Energy & Solutions launches new subsidiary in North America
    Prime Planet Energy & Solutions Inc., based in Chuo-ku, Tokyo, and led by President Hiroaki Koda, has announced the formation of a new subsidiary in the US. The subsidiary aims to bolster the company's organizational framework and operational capabilities in the North American market. Previously, the company's operations were primarily based in Japan and mainland China. The new subsidiary will address the urgent need to advance technical support for customers in North America and for the ...
    News
    Anson Resources achieves 99.4% purity in battery-grade lithium carbonate production
    Anson Resources Ltd., through its subsidiary Blackstone Minerals NV LLC, has successfully produced battery-grade lithium carbonate with 99.4% purity from the brine of its Green River Lithium Project. The company upgraded and purified the eluate, initially produced during test work at its Sample Demonstration Plant, and transported it to Anson's Lithium Innovation Center in Florida, US, for further processing. This proprietary downstream flow sheet removed impurities, resulting in lithium carb...
    News
    BMW partners with E.ON for Germany's first vehicle-to-grid offer
    BMW Group and E.ON have announced Germany's first vehicle-to-grid (V2G) offer, allowing customers to charge their BMW iX3 at home for free up to 14,000 km annually. The initiative is part of BMW's Neue Klasse, which integrates V2G, vehicle-to-home (V2H) and vehicle-to-load (V2L) capabilities into BMW electric vehicles. Customers purchasing the BMW iX3 enjoy a €700 discount on the bidirectional BMW Wallbox Professional, along with a V2G electricity tariff from E.ON. This package includes an ...
    News
    EcoPro establishes European sales hub in Germany
    EcoPro has established its first European sales subsidiary in Germany to enhance its global expansion strategy. The company has appointed Kimbal Virdi, a former senior director of business development at EcoPro's cathode materials affiliate EcoPro BM, to lead this new unit. Virdi, who joined EcoPro BM in April 2024, brings extensive experience in lithium-ion battery systems from his 25-year career in the automotive industry. The Germany-based sales hub aims to strengthen EcoPro's presence in ...
    News
    Nio recalls 246,229 cars in China over software problem
    Nio is recalling 246,229 of its electric vehicles in China due to software issues that may impact driving safety. The affected models are the ES8, ES6 and EC6 EVs based on the NT 1.0 platform produced between March 16, 2018, and Jan. 16, 2023. These vehicles may experience temporary blackouts of the dashboard and center display under specific conditions, potentially preventing drivers from accessing essential vehicle information and functions, such as speed data, fault alerts, and defrost/demist...
    News
    BYD advances development of solid-state and sodium-ion battery chemistries
    BYD has made advancements in its sulfide-based solid-state battery technology, enhancing cycle life and fast-charging performance, with plans for small-batch production by 2027. The company has confirmed its focus on developing sulfide-based solid electrolytes as part of its solid-state battery technology road map. This puts BYD in line with other global battery-makers that are aiming to begin pilot production of solid-state batteries between 2026–2030. Alongside its progress on sul...
    News
    E.ON secures tender to build fast-charging stations along Italy’s motorway corridors
    E.ON Drive Infrastructure Italy has been selected by Autostrade per l'Italia (ASPI) to establish an ultrafast-charging network for electric vehicles along Italy's main motorway corridors. This initiative aims to strengthen E.ON's commitment to expanding high-power charging infrastructure in Italy. The project involves installing 104 ultrafast-charging points at 18 service areas along key routes, including the A4 (Turin-Trieste) and A14 (Bologna-Taranto) motorways, with a completion target by ...
    News
    Pony.ai and Toyota unveil first mass-produced bZ4X robo-taxi for China tier 1 cities
    Pony.ai announced that the first mass-produced bZ4X robo-taxi, developed in collaboration with Toyota, has been completed, marking a significant milestone in their partnership for the production and deployment of robo-taxis. This achievement demonstrates a deep synergy between Pony.ai and Toyota in autonomous driving technology, vehicle manufacturing and supply chain integration. Both companies plan to produce over 1,000 bZ4X robo-taxis by 2026 and start introducing them into commercial services...
    News
    Pony.ai partners with Moore Threads to advance Level 4 autonomous driving technology in mainland China
    Pony.ai and Moore Threads have formed a strategic partnership to advance the deployment and application of Level 4 autonomous driving technology. This collaboration aims to enhance Pony.ai's core technologies, specifically its world model and Virtual Driver system, by leveraging safe and reliable AI computing power. The partnership stands out as a significant example of coordinated innovation within China's AI industry chain, marking the first time Pony.ai has utilized domestically developed AI ...
    News
    Ouster acquires StereoLabs to enhance unified sensing platform for physical AI
    Ouster, a company specializing in sensing and perception for physical AI, announced that it completed the acquisition of StereoLabs SAS on Feb. 4. StereoLabs, known for its AI vision and perception solutions, has provided 3D vision systems since 2010, shipping over 90,000 ZED cameras to a customer base exceeding 10,000, and is supported by a broad developer community. With this acquisition, Ouster introduces physical AI's first unified sensing and perception platform, integrating digital lidar, ...
    News
    Yokohama Rubber supplies GEOLANDAR SUV tires for Mitsubishi Delica D:5 minivan
    Yokohama Rubber has started supplying its GEOLANDAR sport utility vehicle tires as original equipment to Mitsubishi Motors’ newly launched Delica D:5 minivan. The new model was introduced in Japan in January and comes equipped with GEOLANDAR tires in 255/55 R18 98H size. Designed for vehicles such as small and midsize SUVs and minivans that focus on on-road driving, the GEOLANDAR SUV offers superior fuel efficiency, comfort and safety, while maintaining performance suitable for various road...
    News
    Goodyear reports strong Q4 2025 performance despite industry challenges
    Goodyear Tire & Rubber has announced its financial results for the fourth quarter and full year 2025, revealing strong performance in the last quarter despite challenging industry conditions. The company achieved the highest fourth-quarter segment operating income and margin in over seven years, with net sales reaching $4.9 billion and tire unit volumes at 42.3 million. Adjusting for sales impact from divested businesses, organic net sales saw a 4% increase. Net income for the quarter was $1...
    News
    Toyoda Gosei’s nine-month FY’2025/26 revenue increases to $5.3 billion
    Toyoda Gosei’s revenue increased 5.5% year over year to ¥830.6 billion (about $5.3 billion) in the first nine months of fiscal year 2025/26, ended Dec. 31, 2025, driven by an increase in vehicle production at original equipment manufacturer customers. Higher revenue, along with ongoing focus on cost efficiency, helped the Japanese supplier to record 11.5% year-over-year growth in operating profit to ¥52.5 billion. Toyoda Gosei concluded the nine-month period with a net profit of ¥43.9 billi...
    News
    OPmobility eyes Hyundai Mobis lighting business to accelerate global expansion
    In late January, OPmobility signed a memorandum of understanding (MOU) with Hyundai Mobis to explore the potential acquisition of the South Korean supplier’s lighting business. The two companies aim to reach a definitive agreement in 2026. The acquisition promises to significantly expand OPmobility’s global position as one of the leading tier 1 suppliers of lighting systems, a business the French supplier entered just four years ago. Hyundai Mobis is the largest tier 1 ...
    Insights
    India removes planned concession for small cars in upcoming CAFE III rules – report
    India has decided to remove a planned concession for small cars from its upcoming next stage of Corporate Average Fuel Economy (CAFE III) rules after concerns were raised by some automakers, notably Tata Motors and Mahindra & Mahindra, who argued that such a concession would benefit only one company, Maruti Suzuki, which dominates 95% of India's small-car market. A previous draft, released by the Indian Bureau of Energy Efficiency (BEE) in September 2025, had proposed leniency for petrol ...
    News
    AutoTechInsight Weekly - 9 February 2026
    Click the link above to download this week's issue
    News
    Polestar consolidates its public charging offer for customers in Europe
    Polestar has enhanced its public charging services in Europe by providing access to over 28,000 Plug & Charge compatible charging stations and incorporating Tesla Superchargers into the Polestar Charge app. Plug & Charge technology simplifies the charging process by allowing the car to communicate directly with the charger, processing payment automatically and eliminating multiple steps in traditional public charging. This service is offered as a complimentary benefit when using Poles...
    News
    Urban Fox secures 20-year contract from Kent County Council, UK, to expand on-street EV charging across the region
    Urban Fox, a collaboration between Balfour Beatty Investments and Urban Electric Networks, has been awarded a 20-year contract by Kent County Council in the UK to implement a large-scale on-street electric vehicle charging program across Kent. This initiative, part of the council's strategy to modernize transport and foster innovation, aims to install up to 10,000 charge points, focusing on areas with limited off-street parking. Urban Fox will work with local councils to strategically plac...
    News
    ComEd launches $70 million EV rebate initiative in Northern Illinois for 2026
    ComEd has announced a $70 million initiative to provide electric vehicle rebates in 2026 to residential, business and community customers in Northern Illinois, US. This funding, introduced during the annual Chicago Auto Show, aims to lower the up-front costs associated with EV adoption and includes rebates for residential EV chargers, fleet vehicles and public and business charging infrastructures. ComEd's programs, derived from the Beneficial Electrification program approved by the Illi...
    News
    LG Energy Solution acquires full ownership of Canada's NextStar Energy from Stellantis
    LG Energy Solution is set to acquire full ownership of NextStar Energy, following a strategic decision made jointly with Stellantis, which will sell its 49% stake in the company. This transition is a result of extensive discussions with NextStar Energy's leadership and aims to ensure long-term growth and investment while maintaining a seamless transition. Established in 2022 as a joint venture between LG Energy Solution and Stellantis, NextStar Energy operates Canada's first large-scale battery ...
    News
    ACC abandons gigafactory plans in Italy and Germany amid Stellantis challenges
    Stellantis-backed Automotive Cells Co. (ACC) has decided to abandon plans to construct gigafactories in Italy and Germany, according to the Italian metalworkers' union, UILM. ACC's initial strategy was to establish three gigafactories across Europe — in France, Germany and Italy. However, the projects in Termoli, Italy, and Kaiserslautern, Germany, have been definitively shelved. ACC said that the prerequisites for restarting these projects are unlikely to be met, prompting them to c...
    News
    Element3 begins lithium carbonate production in Texas, marking a domestic milestone
    Element3, a critical minerals company based in Fort Worth, Texas, has initiated lithium carbonate production in the Permian Basin, marking the first new domestic lithium mining project in the US in over 50 years. Located in Midland, Texas, the facility has a 3,000 metric tons per annum capacity and utilizes produced water from the Permian Basin, transforming oil and gas infrastructure into a critical mineral asset. This initiative supports the current US administration's goal to reduce reliance ...
    News
    Waymo announces Waymo World Model AI simulation model for autonomous cars
    The Waymo Driver has achieved a milestone of almost 200 million fully autonomous miles, integrating itself into the urban landscape of significant US cities and enhancing road safety, the company said in a blog post. Beyond what is visible to riders and local communities, it operates within virtual environments, handling complex scenarios before they occur on public roads. Recently, Waymo introduced the Waymo World Model, a generative model that elevates the standards for large-scale, hyper-real...
    News
    Indie Semiconductor to supply Mahindra with in-cabin safety monitoring software
    Indie Semiconductor has been chosen by Mahindra & Mahindra Ltd. to provide advanced in-cabin driver and occupant monitoring systems (DOMS) for their Electric Origin sport utility vehicles, the XEV 9e and BE 6, in the Indian market. This collaboration will incorporate indie's CABIN EYE perception software — developed by emotion3D, which indie recently acquired — into Mahindra's EyeDentity, a proprietary camera-based DOMS hardware platform. Mahindra has achieved the highest Bharat New C...
    News
    Tesla launches AI training center to enhance self-driving tech in mainland China
    Tesla has started operating a China-focused AI training center aimed at enhancing its cars' self-driving capabilities in the world's largest electric vehicle market, following Beijing's deregulation of the technology. Grace Tao, vice president of Tesla, mentioned that the center possesses sufficient computing power for developing assisted-driving features but did not disclose its location or investment size. This development marks a noteworthy step toward commercializing Tesla's Full Self-Drivin...
    News
    WeRide and Uber expand robo-taxi partnership in the Middle East
    WeRide and Uber Technologies have announced an expansion of their strategic partnership to deploy at least 1,200 robo-taxis across the Middle East by 2027. The deployment will cover Abu Dhabi, United Arab Emirates; Dubai, UAE; and Riyadh, Saudi Arabia; making the robo-taxi services accessible through the Uber app. This initiative builds upon their existing fully driverless operations in Abu Dhabi and passenger services in Dubai and Riyadh, with Uber planning to increase the fleet progressively a...
    News
    5GAA conducts live demonstrations of next-generation V2X technologies in California
    The 5G Automotive Association (5GAA) showcased the future of connected mobility in Sacramento, US, with demonstrations of next-generation vehicle connectivity technologies on US roads. The event highlighted innovations in vehicle-to-everything (V2X) tolling, non-terrestrial networks (NTN), and safety and awareness, bringing together automakers, telecom operators, technology and solution partners to exhibit real-world applications. 5GAA Chairman Christoph Voigt emphasized that these demonstr...
    News
    Geotab collaborates with MapUp's TollTally to enhance real-time fleet toll management
    Fuel and toll intelligence solutions provider MapUp has announced that its TollTally solution is now available on the Geotab Marketplace Order Now program. This strategic integration enables fleets of all sizes and vehicle classes — from rental cars to Class 8 heavy trucks — to access accurate, GPS-based toll intelligence directly within the MyGeotab platform.  The collaboration between Geotab and MapUp's TollTally addresses the toll billing "lag" problem prevalent in ...
    News
    India to implement WLTP for vehicle emissions under BS-6 norms from April 2027
    The Indian government has notified the implementation of the Worldwide Harmonized Light-duty Vehicles Test Procedure (WLTP) for measuring vehicle emissions under Bharat Stage 6 (BS-6) norms for M1 and M2 vehicle categories starting in April 2027. This change, notified through an amendment to the Central Motor Vehicles Rules, 1989, follows draft norms issued by the Ministry of Road Transport and Highways on April 28, 2025. The WLTP cycle is considered more representative of real-world driving ...
    News
    Tokai Rika’s nine-month FY’2025/26 sales up 4.4% YOY to $3.1 billion
    Tokai Rika reported a 4.4% year-over-year increase in sales to ¥479.6 billion (about $3.1 billion) in the nine-month period of fiscal year 2025/26, which ended Dec. 31, 2025. Higher sales helped the Japan-based auto parts supplier record a 7.2% year-over-year growth in operating profit to ¥29.5 billion, resulting in an operating profit margin of 6.2% compared with 6% during the same period in the previous financial year. Tokai Rika concluded the first three quarters of the year with net p...
    News
    BMW recalls over 87,000 vehicles in US due to issue with the engine starter
    BMW North America is recalling 87,394 vehicles in the US to fix an issue with the engine starter that may cause it to overheat and, in extreme cases, pose a fire risk. According to BMW Blog, the recall affects multiple model lines, including the BMW 3 Series, X3, X4, 4 Series, 5 Series, Z4 and 2 Series coupe, as well as some Toyota Supra vehicles that share similar engines. According to BMW, unexpected wear on an internal component can cause the starter to stop working properly, sometimes sur...
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    Aisin, Toyota Tsusho and Minth form JV in Canada for aluminum body frame parts
    Aisin Corp., Toyota Tsusho Corp. and Minth Group Ltd. have agreed to establish a joint venture named ATM Automotive Parts Inc. in Windsor, Ontario. The JV will produce aluminum body frame parts for the North American vehicle market. Aisin and Minth will own 40% each in the JV, while the remaining 20% ownership will be with Toyota Tsusho.   The aluminum body frame parts are essential components designed to securely hold and protect the batteries in battery-electric vehicles (BEVs) and plu...
    News
    Nearly half of auto parts exports from India to US to attract zero duty, says Indian Minister of Commerce and Industry
    The bilateral trade agreement finalized between India and the US will see nearly half of auto parts exported to the US attracting zero duty, Autocar Professional reported, citing Indian Minister of Commerce and Industry Piyush Goyal. “Some auto parts exports will attract zero duty, while others will face an 18% tariff. Around 50% of exports will be duty-free,” Goyal said on Feb. 7.   Before the deal, Indian auto component exports to the US were subject to an average tariff of about&n...
    News
    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
    CATL begins deploying sodium-ion batteries in Changan’s electric cars
    CATL has started deploying its sodium-ion batteries in production-ready passenger vehicles, aiming to establish a leading position in developing more sustainable batteries. Together with Changan Automobile, CATL has introduced a sodium-ion battery-powered vehicle in Yakshi, Hulunbuir, Inner Mongolia, targeting a mid-2026 market launch. This is the world's first mass-produced passenger vehicle with sodium-ion batteries, although previous announcements by other Chinese automakers did not lead to l...
    News
    Mitra EV raises $27 million to scale capital efficient fleet electrification
    Mitra EV, a commercial fleet electrification platform, has secured $27 million in new funding. The newly raised funds consist of equity funding from lead investor Ultra Capital and a credit facility from S2G Investments. This funding will support Mitra EV's expansion as fleet operators increasingly demand cost-efficient electrification solutions amid tightening capital markets and a broader industry pullback from electric vehicles. Mitra EV provides a fully managed electrification model th...
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    Foxconn opens EV technology R&D center in mainland China
    Taiwanese technology company Foxconn has started operations at its new research and development center focused on electric vehicles and associated technologies in Zhengzhou, located in mainland China. The local government announced that the facility is positioned close to BYD's factory in Zhengzhou and will concentrate on advancements in next-generation electric and electrical architecture, as well as smart driving technology. Li Guangyao, the general manager of a Henan, mainland China-bas...
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    AI in automotive manufacturing: Promise, payoff and the problem of scale
    Artificial intelligence has become one of the automotive industry’s buzzwords. It appears in earnings calls, factory tours and investor decks with near-compulsive frequency. Automakers promise smarter factories, fewer defects and lower costs, all delivered by algorithms quietly optimizing production in the background. The reality, however, is more prosaic. AI has proved very useful in specific, tightly bound applications. What it has not yet delivered is the sweeping transformation often impli...
    Insights
    Svolt’s Dragon Armor 3.0 battery achieves fire and electricity separation to control thermal runaway
    Svolt Energy has introduced its Dragon Armor 3.0 battery, designed to achieve fire and electricity separation, which physically separates the terminals from the pressure relief channels. This design ensures that in the event of thermal runaway, flames are expelled directionally away from the vehicle's passenger area. The separation is achieved by placing the positive terminal on one side and the pressure relief channel on the opposite, each with distinct paths to prevent fire from reaching th...
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    Karma Automotive and Factorial partner to launch solid-state battery production in the US
    Karma Automotive Inc. and Factorial Inc. have announced a partnership to launch the first solid-state battery production program in the US for passenger vehicles. This collaboration intends to incorporate Factorial's FEST solid-state battery technology into Karma's future vehicle platform, starting with the all-electric Karma Kaveya super coupe, which boasts over 1,000hp and a top speed exceeding 200 mph. The Kaveya is expected to be introduced to the US market by late 2027. The par...
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    Tariffs, tech and torque: What’s driving — and slowing — vehicle lightweighting
    For decades, automakers have sought ways to shed vehicle weight — from early aluminum and high-strength steel use to modern composites — but electrification, with heavy battery packs, has put lightweighting under the spotlight. Reducing mass improves performance, efficiency and range while helping to meet tightening emissions standards. Today, manufacturers are exploring a broad palette of materials — magnesium alloys, advanced steels, aluminum, carbon-fiber and bio-based composites and th...
    Insights
    QuantumScape unveils new Eagle Line at San Jose facility for battery production
    QuantumScape Corp. announced the inauguration of its newly installed Eagle Line at its San Jose, California, facility. The event was attended by automotive original equipment manufacturer customers, ecosystem partners and government officials, and included a tour of the Eagle Line. The Eagle Line comprises equipment, materials and automated processes forming the production blueprint for QuantumScape's technology. It utilizes the Cobra process, a scalable method for producing the QuantumScape sep...
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    TotalEnergies partners with Tikehau Capital to develop EV charging in Belgium and Netherlands
    TotalEnergies and Tikehau Capital have announced the establishment of a joint investment platform to advance the development of electric vehicle charging infrastructure in urban public spaces across Belgium and the Netherlands. This collaboration is intended to assist municipal authorities in transitioning to EVs and to bolster TotalEnergies' presence in the public charging sector within the Benelux region. The platform is equally owned by TotalEnergies and Tikehau Capital, focusing on c...
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    Canadian government to rework EV strategy and reintroduce incentives
    The Canadian federal government is expected to announce a shift in its national automotive strategy, moving away from the electric vehicle mandate toward new fuel-efficiency standards and credits, as reported by CBC News. Alongside this change, the government is expected to reintroduce popular incentives for consumers purchasing EVs. According to sources, the new emissions standards will still require a significant number of EVs by 2035, deviating from the previous mandate that set incrementa...
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    Qualcomm reports Q1 2026 revenue at $12.25 billion, rises 5% YOY
    Qualcomm Inc. reported its first quarter fiscal year 2026 revenue of $12.25 billion, representing a 5% year-over-year increase from $11.67 billion in the first quarter of fiscal year 2025. The company’s QCT Automotive segment delivered record quarterly revenue of $1.1 billion, marking a 15% year-over-year growth. Qualcomm also reported net income of $3 billion for the quarter. The company expects its second-quarter fiscal year 2026 revenue to range from $10.2 billion to $11.0 billion...
    Briefing
    Microchip Technology partners with Hyundai Motor Group for advanced in-vehicle network solutions
    Microchip Technology has announced a collaboration with Hyundai Motor Group to explore the use of advanced in-vehicle network solutions based on the 10BASE-T1S Single Pair Ethernet (SPE) technology. This partnership aims to develop more efficient and scalable vehicle architectures to meet the evolving demands of future mobility. The need for high-performance in-vehicle networks is driven by the rapid advancement of advanced driver assistance systems and connected vehicle features. SPE serves as ...
    News
    Waymo expands driverless taxi services to Sacramento with California DMV approval
    Waymo has announced its plans to expand its driverless taxi services into Sacramento, California, although an official start date for operations has not been provided. The expansion is facilitated by the recent approval from the California Department of Motor Vehicles that permits Waymo to operate its robo-taxis in more regions throughout the state, including Solano, Yolo and Sacramento counties. Waymo's decision to move into Sacramento aligns with the city's innovative spirit and its growi...
    News
    VeriSilicon unveils enhanced ISP8200-FS series for advanced automotive camera systems
    VeriSilicon has announced enhanced versions of its image signal processing (ISP) IP ISP8200-FS series, namely ISP8200-ES and ISP8200L-ES, which offer improved performance and energy efficiency for complex automotive camera systems. These enhancements have achieved ISO 26262 ASIL-B functional safety certifications from TÜV NORD, underscoring their reliability for advanced driver assistance systems and autonomous driving applications. The enhanced ISP8200-FS series IP can operate up to 1.2 G...
    News
    Valeo and Anritsu collaborate to accelerate digital twin validation for SDVs
    Valeo and Anritsu have announced a collaboration to develop virtual validation capabilities for software-defined vehicles. This endeavor aims to transform software development within vehicle domains, such as the telematics unit, to create a more cost-effective and forward-looking process. A live demonstration of their work will be presented at MWC2026 in Barcelona. The automotive industry is transitioning toward in-vehicle software-defined architectures, emphasizing the importance of cellular co...
    News
    Cox Automotive and UVeye launch AI vehicle inspection technology for dealers
    Cox Automotive's vAuto has integrated with AI inspection specialist UVeye to enhance vehicle inspections within dealership workflows. This integration, operational at select dealerships such as Brickell Chrysler Dodge Jeep Ram in Miami, utilizes UVeye's high-speed scanners to quickly gather data on a vehicle's exterior, underbody and tire conditions. The data is then seamlessly integrated into vAuto's appraisal and inventory systems, allowing dealers to assess trade-ins more efficiently whi...
    News
    QNX and HaleyTek power software-defined audio in new Volvo EX60
    BlackBerry's QNX division and HaleyTek have partnered to introduce a fully software-defined audio (SDA) system in the upcoming Volvo EX60 electric sport utility vehicle. This initiative is part of Volvo Cars' Superset tech stack strategy, aimed at transitioning vehicle functions from hardware-centric to software-driven architectures, beginning with the EX60's SPA3 infotainment platform. Unlike traditional audio systems with dedicated digital signal processors in amplifiers, the new SDA system ce...
    News
    Hankook Tire & Technology’s 2025 sales more than doubles to $14.7 billion after first time consolidation of Hanon Systems
    Hankook Tire & Technology, a company of South Korea-based Hankook & Company Group, reported sales of 21.2 trillion won (nearly $14.7 billion) in the financial year ended Dec. 31, 2025, more than double the 9.4 trillion won realized in 2024. The company recorded higher sales as it consolidated Hanon Systems' financial results from the first quarter of 2025. Hankook acquired the South Korea-based automotive thermal solutions supplier in 2024. Despite robust growth in sales, operating profi...
    News
    Adient reports net loss of $22 million in Q1 FY'2025/26 despite improved sales
    Adient’s net sales increased 4.3% year over year to $3.6 billion in the first quarter of the fiscal year 2025/26, ended Dec. 31, 2025. Despite higher sales, the US-based seating supplier recorded a 12.8% year-over-year decline in income before income taxes to $41 million. The company also reported a net loss of $22 million after hitting break-even in the first quarter of the previous fiscal year 2024/25. Sales improved in all three key markets of the Americas; Europe, the Middle East and Af...
    News
    Aisin’s nine-month FY'2025/26 revenue rises 4.6% year over year to $24.1 billion
    Aisin reported a 4.6% year-over-year increase in revenue to ¥3.8 trillion (nearly $24.1 billion) in the first nine months of fiscal year 2025/26, ended Dec. 31, 2025. Higher revenue helped the Japanese supplier record 34.8% year-over-year growth in operating profit to ¥156.3 billion, while net profit more than doubled to ¥107.4 billion. The company recorded higher revenue in Japan, North America, the Association of Southeast Asian Nations, and India, which was partially offset by a dr...
    News
    Dauch Corp. completes acquisition of Dowlais Group including GKN Automotive and Powder Metallurgy
    Dauch Corp. has announced the completion of its acquisition of Dowlais Group, including its subsidiaries GKN Automotive and GKN Powder Metallurgy. David C. Dauch, chairman and CEO of Dauch Corp., described this acquisition as a transformative event for both companies. The combined entity aims to become a leading driveline and metal-forming supplier in the global automotive industry, with a focus on meeting current demands and advancing into future propulsion technologies. Following ...
    News
    Heilind Electronics adds Molex high-speed FAKRA-mini system to automotive connectivity solutions
    Heilind Electronics has announced the addition of the Molex High-Speed FAKRA-Mini (HFM) Interconnect System to its portfolio of automotive connectivity solutions. This system is designed to meet the growing demands of modern vehicle electronics by providing high-speed transmission of up to 28 Gbps and frequencies up to 20 GHz, all within a compact form factor well-suited to space-constrained automotive architectures. As vehicles increasingly integrate sensors, cameras and other electronic module...
    News
    Honda partners with Mythic to develop AI-enhanced system-on-a-chip for software-defined vehicles
    Honda Motor has announced a collaboration with Mythic, a technology company based in Texas, US, to codevelop a system-on-a-chip (SoC) for Honda's software-defined vehicles (SDVs). Honda has invested in Mythic due to its original technologies and proven expertise in enhancing the computing performance and energy efficiency of AI used in automated driving and other vehicle features. Specifically, Honda R&D., the research and development subsidiary of Honda, will partner with Mythic in the deve...
    News
    Hesai Technology partners with Grab for lidar distribution in Southeast Asia
    Hesai Technology has announced a strategic cooperation with Grab, making Grab the exclusive distributor of Hesai's lidar products in Southeast Asia. This partnership will enable Grab to manage sales, customer support and marketing of Hesai's sensors throughout the region. By leveraging Grab's resources and established distribution networks, Hesai aims to increase the availability of its lidar sensors for various applications, including robotic solutions and autonomous systems. This collaboration...
    News
    Texas Instruments to acquire Silicon Labs for $7.5B to enhance embedded wireless connectivity solutions
    Texas Instruments, a global semiconductor company, has announced a definitive agreement to acquire Silicon Labs, known for its secure, intelligent wireless technology, for $231.00 per share in an all-cash transaction, valued at approximately $7.5 billion. This acquisition aims to enhance Texas Instruments' capabilities in embedded wireless connectivity solutions by integrating Silicon Labs' mixed-signal solutions with its own analog and embedded processing technology. The merger will leverage...
    News
    Mainland China bans Tesla-style hidden car door handles
    Mainland China has become the first country to formally restrict hidden car door handles, moving to address growing safety concerns around a design trend popularized by Tesla and widely adopted across the electric vehicle industry. The Ministry of Industry and Information Technology (MIIT), which oversees China’s automotive sector, announced that carmakers will be required to fit clearly visible door handles with mechanical release mechanisms on every door. The new rule moves away from reli...
    News
    Aisin to invest $200 million to expand production in India
    Aisin Corp. and its Indian subsidiary Aisin Automotive Haryana Private Ltd. (AHL) plan to expand AHL's current plant and construct a new facility in Maharashtra, India, to grow their business in India's rapidly expanding market. The total investment for these projects is about ¥32 billion (about $200 million). Since initiating production in India in the 1990s, Aisin has enhanced its manufacturing capabilities to align with market trends and customer demands, producing and selling a variety of p...
    News
    Nissan partners with TuneIn for infotainment offerings in the US
    Nissan has announced a collaboration with Stingray subsidiary TuneIn to bring TuneIn’s extensive lineup of radio stations and podcasts to select Nissan and Infiniti vehicles in the US. Through this collaboration, drivers gain seamless access to TuneIn’s broad audio catalog — including live sports, breaking news, curated music, millions of podcasts, and tens of thousands of radio stations — directly within the vehicle. The service will be available in Nissan and Infiniti models eq...
    News
    Ford and Geely are in talks to collaborate on manufacturing and technology
    Ford Motor and Geely Auto are in discussions about a potential partnership to share the costs of technology and manufacturing. Geely may use Ford's European factory to produce vehicles for the European market, according to a Reuters report. Additionally, the companies are considering a framework for sharing automotive technologies, including autonomous driving. Progress on the European manufacturing negotiations appears to be smoother, with Ford's plant in Valencia, Spain, likely being con...
    News
    Orion Energy to invest $4 million to install 105 EV charging stations in Boston, US
    Orion Energy Systems Inc., known for providing energy-efficient and electric vehicle charging solutions, has announced a significant project involving the installation of 105 EV charging stations and infrastructure in the Boston Public School (BPS) system. This contract is valued at $4 million. The installation is being carried out by Orion's Voltrek division at the Freeport Bus Yard, operated by BPS, a major client and one of the prominent school districts in the US. The newly installed unit...
    News
    BMW commences preproduction of new i3 models in Munich
    The BMW Group plant in Munich has begun producing pre-series vehicles of the new BMW i3, marking the next phase of preparation for series production, which is set to commence in the second half of 2026. Peter Weber, head of the BMW Group Plant Munich, highlighted this as a significant milestone, as it marks the first time a BMW i3 has been manufactured entirely within the plant using advanced production technology and digitally connected processes. This near-series production phase al...
    News
    GTV and TactoTek announce technology licensing partnership for integrating in-mold structural electronics technology
    Global Technology Ventures (GTV) and TactoTek have signed a technology licensing partnership to incorporate in-mold structural electronics (IMSE) technology into GTV's customer programs. The collaboration merges GTV's expertise in hybrid design, engineering and manufacturing with TactoTek's IMSE technology, which integrates electronic functions directly into 3D injection-molded surfaces. This technology aims to create smart, lightweight designs that do not compromise performance or design qualit...
    News
    Lear reports Q4 and full-year 2025 results; issues 2026 outlook
    On Feb. 4, Lear Corp. reported financial results for the fourth quarter and full year ended Dec. 31, 2025. In the fourth quarter, the US-based supplier of seats and electrical systems (E-Systems) recorded a 5% year-over-year increase in net sales to $6 billion. Higher sales were supported by new business across both segments — Seating and E-Systems — and commercial recoveries, but were partly offset by lower production on key platforms. The company recorded core operating earnings of $259 mi...
    Briefing
    Toyota Boshoku’s FY 2025/26 nine-month revenue rises 4.1% year over year to $1.8 billion
    Toyota Boshoku’s revenue increased 4.1% year over year to ¥1.5 trillion (nearly $1.8 billion) in the first nine months of fiscal year 2025/26, ended Dec. 31, 2025. Higher revenue helped the Japan-based automotive supplier of seats, interior parts and exterior systems record 15.8% year-over-year growth in operating income to ¥60.2 billion and 18.4% year-over-year growth in profit before taxes to ¥65.4 billion. Toyota Boshoku concluded the nine-month period with a 1.2% year-over-year increase...
    News
    NHTSA initiates full investigation into 1.3 million Ford F-150 pickups due to reported transmission issues
    The US National Highway Traffic Safety Administration (NHTSA) has initiated a full investigation into nearly 1.3 million Ford F-150 pickups due to reported transmission issues. The federal vehicle safety agency began an initial probe in March 2025 but upgraded it following complaints from over 60% of surveyed owners. The investigation targets 2015–2017 models, specifically focusing on those with the 6R80 transmission. Owners reported incidents of sudden downshifts to lower gears without war...
    News
    Varroc Engineering secures contract to supply EV chargers to global OEM
    Varroc Engineering has secured a contract with a prominent global electric vehicle original equipment manufacturer to supply alternating current bidirectional wall chargers, marking a significant advancement in its electric mobility offerings. The partnership is projected to last six years, with an expected peak annual business value of 4.3 billion rupees (approximately $48 million). The chargers, compliant with Energy Star standards, will be produced at Varroc's facility in Romania, which wi...
    News
    Toyota and Lexus integrate NACS in EV models, enhancing charging options for drivers
    Toyota and Lexus are integrating the North American Charging System (NACS) into their electric vehicle models, allowing 2023–2025 Toyota bZ4X and Lexus RZ drivers to use NACS direct current fast chargers via an adapter. The initiative arose from Toyota's commitment to customer needs and the industry's shift toward the NACS standard, which was adopted as an official Society of Automotive Engineers standard in 2024. Rather than using existing market products, Toyota developed its own e...
    News
    AMG Critical Materials plans lithium highway to reduce reliance on mainland China
    AMG Critical Materials, a Dutch miner and lithium supplier, aims to reduce its dependence on mainland China by processing battery-grade lithium for electric vehicles in Brazil, Portugal and Germany. Michael Connor, the head of development at AMG, stated that the company plans to create a lithium highway connecting these three countries to bypass mainland China's monopoly on lithium processing. The goal is to establish a Western processing capacity in Brazil and Portugal to provide this expertise...
    News
    Milepost AB expands EV charging services in Norrköping with municipal collaboration
    Milepost AB, recognized as Sweden's first independent electric vehicle charging operator specializing in everyday charging, has commenced its EV charging services in Norrköping, Sweden, through a partnership with Norrköping Municipality. In 2025, following a comprehensive evaluation, Milepost was appointed by Norrköping Municipality to deploy its EV charging stations across multiple sites, with the first site now operational and additional sites planned for establishment throughout 2026....
    News
    KPIT launches Vehicle Relationship Management solution on Salesforce CRM platform
    KPIT Technologies has announced a strategic Outsourcing Service Provider (OSP) partnership with Salesforce. Under this collaboration, KPIT will deploy its proven Vehicle Relationship Management (VRM) solution on Salesforce’s secure, scalable and AI-driven customer relationship management (CRM) platform — helping automotive original equipment manufacturers and mobility providers deliver measurable business outcomes across the aftersales value chain. Across passenger vehicles, commercial tr...
    News
    Vodafone IoT to provide connectivity for Hyundai cars across the Middle East
    Vodafone IoT has secured a deal to provide in-car connectivity for Hyundai vehicles sold in Bahrain, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. This agreement includes Hyundai, Kia and Genesis cars, ensuring they meet local regulatory requirements for connectivity in each country. Vodafone IoT will offer local network access and compliance with national data and telecom regulations. The service will utilize Vodafone IoT's Global SIM+ technology, which allows a single SIM to fun...
    News
    Waymo secures $16 billion to scale robo-taxi fleet globally
    Waymo has secured a $16 billion investment round, resulting in a post-money valuation of $126 billion. This milestone signifies the growing scale of autonomous mobility, with Waymo at the forefront. The financing was spearheaded by Dragoneer Investment Group, DST Global and Sequoia Capital, and included participation from Andreessen Horowitz, Mubadala Capital, Bessemer Venture Partners, Silver Lake, Tiger Global and T. Rowe Price, among others.  Waymo's safety performance is impressive, ...
    News
    Ecarx debuts preproduction sample of Zenith computing platform
    Mobility technology provider Ecarx Holdings introduced a preproduction sample of its innovative Zenith computing platform at the Consumer Electronics Show (CES) 2026, held recently in Las Vegas. This new platform, designed in collaboration with Qualcomm Technologies, utilizes the Snapdragon Elite SA8797 platform for automotive and offers an integrated high-performance intelligent cockpit and advanced driver assistance system architecture. The platform supports Android 16, Google Automotive Servi...
    News
    NXP reports FY 2025 revenue at $12.27 billion, down 3% YOY
    NXP Semiconductors reported its fiscal year 2025 revenue at $12.27 billion, marking a 3% year-over-year decline from $12.67 billion in the previous year. The company posted net income of $3.0 billion for the year. In the fourth quarter, NXP recorded a 7% year-over-year increase in revenue, totaling $3.34 billion.  Automotive remained the core growth pillar, generating $7.1 billion in revenue in 2025, and NXP targets expanding its automotive business to $9.5 billion by 2027, underscoring ...
    Briefing
    STMicroelectronics completes acquisition of NXP's micro-electromechanical systems sensors business
    STMicroelectronics has finalized its acquisition of NXP Semiconductors' micro-electromechanical systems (MEMS) sensors business, a deal first announced in July 2025, which has now gained full regulatory approval. This acquisition enhances STMicroelectronics' global capabilities in automotive safety products and industrial application sensors. The company anticipates that this acquired business will contribute in the mid-40 million dollar range to its revenue in the first quarter of 2026. The tra...
    News
    Infineon acquires non-optical sensor portfolio from ams OSRAM for €570 million
    Infineon Technologies has entered into an agreement to acquire ams OSRAM's non-optical analog and mixed-signal sensor portfolio, valued at €570 million. This acquisition aims to fortify Infineon's presence in the automotive, industrial and medical sensor markets. The deal, set to close in the second quarter of 2026, involves taking over a fabless sensor business, including products, intellectual property, research and development capabilities, and necessary equipment. It also involves the tran...
    News
    Diodes Inc. unveils automotive-compliant MIPI D-PHY ReDriver for enhanced ADAS performance
    Diodes Inc. has announced the release of the automotive-compliant PI2MEQX2505Q, a 1.8-V, 2.5-Gbps MIPI D-PHY ReDriver with four differential data lanes and one clock lane. This device is designed for the MIPI D-PHY 1.2 protocol and regenerates D-PHY signaling in channels involving printed circuit board (PCB) traces, connectors and cables to ensure optimal electrical performance from CSI-2/DSI sources to sinks, compensating for frequency loss. The PI2MEQX2505Q supports data rates up to 2.5 Gbps, ...
    News
    Indian supplier association ACMA welcomes bilateral trade deal reached between India and US
    On Feb. 2, India and the US finalized the long-awaited bilateral trade deal after nearly a year of prolonged negotiations and multiple rounds of talks. The agreement will see the US reduce import tariffs on Indian goods to 18% from 50% currently, providing relief to Indian exporters. In return, India will reduce tariffs and nontariff barriers on US goods to zero. In addition, India has agreed to purchase more than $500 billion worth of US energy, technolog...
    News
    DENSO reports 3.9% YOY growth in nine-month FY'25/26 revenue; operating profit down 6.4%
    DENSO has announced financial results for the nine-month period ending Dec. 31, 2025, reporting a 3.9% year-over-year increase in consolidated revenue to ¥5.5 trillion (about $35.2 billion). Despite higher revenue, the Japan-based company recorded a 6.4% year-over-year decline in consolidated operating profit to ¥375.9 billion and a 12.5% year-over-year drop in consolidated profit attributable to owners of the parent company to ¥273.7 billion. In Japan, DENSO’s r...
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    Stoneridge sells Control Devices business to US-based private equity firm Center Rock for $59 million
    Stoneridge has completed the sale of its Control Devices business to an affiliate of the US-based private equity firm Center Rock Capital Partners. The transaction, which closed on Jan. 30, included a base purchase price of $59 million. The divested business line offers a full range of control modules, including door, interior and chassis control modules, for various vehicle architectures and original equipment manufacturers. Stoneridge plans to use the...
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