On August 21, BILSTEIN, part of thyssenkrupp AG, announced that it has been selected as the shock absorber supplier for SAIC’s new fully electric luxury SUV, the IM LS7.
The model will have its BILSTEIN’s advanced semi-active DampTronic system, which includes not only the shock absorbers but also the suspension cont

thyssenkrupp Steel Europe AG and the IG Metall union have reached a new collective restructuring agreement, Steel Realignment, to secure the company’s long-term competitiveness.
The new agreement, which runs until September 30, 2030, builds on the industrial concept presented in November 2024 and the agreement in pri

thyssenkrupp AG (thyssenkrupp)’s subsidiary, thyssenkrupp Steel Europe AG, has launched its new high-tech facilities at the Duisburg location in Germany, following around two years of construction and assembly work.
With an investment of around EUR 800 million, the facilities focus on producing stronger, thinner prem

thyssenkrupp AG (thyssenkrupp)’s subsidiary, thyssenkrupp Hohenlimburg, has invested a low double-digit million-euro amount to modernize Walking Beam Furnace 3 (HBO 3) at its site in Germany.
The modernization ensures compliance with future environmental and safety regulations, reduces energy consumption, enables hyd

On June 30, thyssenkrupp Steering and L&T Technology Services (LTTS) announced a strategic agreement to establish a software development center in Pune, India. LTTS will establish and manage the software hub in Pune on behalf of thyssenkrupp Steering.
The new center highlights LTTS’ expertise in its Mobility segment,

thyssenkrupp AG (thyssenkrupp) announced the realignment of its Automotive Technology segment into 4 business units, effective October 1, 2025.
The restructuring is aimed at driving profitable growth, increasing efficiency, and positioning the segment for capital market readiness in the coming years. It will consolid

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, has successfully started trial operation and cast the first slabs on the new continuous casting line 4 (SGA 4) at its Bruckhausen site in Duisburg, Germany.
This move is an important step toward fully operating the new plant complex in the coming weeks. T

On June 2, thyssenkrupp Steel announced that it will present solutions for the energy and mobility transition under the powercore brand at this year's CWIEME Berlin. With bluemint powercore, it offers an electrical steel that impresses with a CO2 intensity reduction of up to 50% in production. It also presents the ap

thyssenkrupp AG (thyssenkrupp) has announced its plans to transform into a strategic holding company. The Executive Board is currently developing a strategic realignment of the Group’s future and will present these plans to the Supervisory Board before the end of this fiscal year, which concludes on September 30, 202

thyssenkrupp Steel Europe AG and the IG Metall union have reached an agreement in principle for the upcoming restructuring of the company. The further negotiating process should lead to a collective-bargaining agreement by summer 2025.
The agreement builds on the industrial concept presented in November 2024 to make

thyssenkrupp AG (thyssenkrupp)’s management of the Springs and Stabilizers business unit has decided to phase out production at the Hagen site in Germany and close the Competence Center there. This move will affect around 300 jobs, which will be cut over the next two years.
The business unit's headquarters will be gr

thyssenkrupp Bilstein, a subsidiary of thyssenkrupp AG, has entered a strategic cooperation with Shanghai Baolong Automotive Corporation (Baolong Automotive) to offer a one-stop-shop solution for shock absorbers and air springs for global automotive OEMs.
The partnership aims to increase customer value by reducing co

On April 4, thyssenkrupp Steel Europe AG announced the termination of the supply contract with Hüttenwerke Krupp Mannesmann (HKM). As a result of the planned termination, thyssenkrupp Steel Europe's obligation to purchase around 2.5 million metric tons of steel per year will expire on December 31, 2032, at the latest

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced that its CO2-reduced bluemint high-performance electrical steel, powercore traction NGO 025-125Y420, was integrated into a new type of rotor technology demonstrator.
The rotor demonstrator was developed and built as part of a consortium study by

thyssenkrupp AG (thyssenkrupp)’s Automotive Technology segment announced additional cost-cutting measures in response to ongoing challenging market conditions in the global automotive industry. The goal is to achieve a global cost reduction of over EUR 150 million, resulting in around 1,800 job cuts.
The measures inc

thyssenkrupp AG (thyssenkrupp) has completed the sale of thyssenkrupp Electrical Steel India Private Ltd. for approximately EUR 440 million. The buyer is a joint venture between (i) JSW Steel Ltd, India's largest steelmaker and part of the JSW Group, and (ii) JFE Steel Corp., Japan's second-largest steelmaker.
The Na

thyssenkrupp AG (thyssenkrupp) announced that thyssenkrupp Steel has started the operation of the new annealing and isolating line for e-mobility at the Bochum site in Germany.
The new EUR 150 million line enables the plant to produce up to 0.2 mm thin electrical sheets with homogeneous mechanical and magnetic proper

thyssenkrupp Steel Europe AG, a subsidiary of thyssenkrupp AG, announced a plan to cut around 5,000 jobs by 2030 through adjustments in production and administration.
Meanwhile, an additional 6,000 jobs will be transferred to external service providers or eliminated through the sale of business activities.
This plan

On October 23, thyssenkrupp Automotive Technology announced that it is presenting the latest innovations and developments for the automotive industry together with thyssenkrupp Steel at International Suppliers Fair (IZB) in Wolfsburg.
It will premier an electric refrigerant compressor specially developed by thyssenkr

On October 22, VW announced the signing of a Memorandum of Understanding (MoU) with thyssenkrupp Steel, a unit of thyssenkrupp AG, at the International Suppliers Fair (IZB) in Wolfsburg, Germany.
The agreement ensures VW will receive low-carbon steel from Thyssenkrupp's future direct reduction plant, supporting the O