BMW Group reports overall sales drop by 0.5% in H1 2025 On July 10, BMW Group announced that during the first half (H1) of 2025, the Group delivered 1,207,388 vehicles, i.e., a decrease of 0.5% YoY. The Group saw significant growth in the electrified vehicle segment, which is comprised of BEVs and plug-in hybrid vehicles (PHVs), up 18.5% YoY to 318,949 units. The Group’s BEV segment jumped 15.7% YoY to 220,540 units. The BMW brand dropped by 2....

News  Updated at: 2025/07/10

Bosch seeks to expand North American component production On May 14, Robert Bosch GmbH reported North American consolidated sales of USD 17.3 billion and net sales of USD 18.6 billion. North America had the largest sales increase globally for Bosch in 2024, growing 5% year-over-year.  The growth moves the company toward its goal of the region representing 20% of global sales by 2030, at the same time President Trump has increased tariffs on impo...

News  Updated at: 2025/05/21

Porsche revises 2025 forecast due to U.S. tariffs and EV market challenges On April 28, Porsche AG has revised its 2025 outlook mainly due to adjusting its global supply strategy due to growing geopolitical challenges. This is especially in China, where weak demand for electric luxury cars is expected to impact 2025 performance. New US import tariffs will hurt sales in April and May 2025, and this impact is included in the updated forecast. Howev...

News  Updated at: 2025/04/29

BMW Group announces global sales down 4.0%, EV sales up 13.5% in 2024 On January 13, BMW Group reported its 2024 sales performance, highlighting significant growth in fully electric vehicles (BEVs). Total vehicle deliveries reached 2,450,804 units in 2024, 4% lower than the 2023 full year sales. The BMW brand alone delivered 2,200,177 vehicles (-2.3%), maintaining global leadership in its segment, with market share gains in Europe and growth in B...

News  Updated at: 2025/01/14

JTEKT to transfer needle roller bearing business in Europe JTEKT Corporation (JTEKT) announced that it has concluded a basic agreement with AEQH32 GmbH, a subsidiary of the German investment company, AEQUITA SE & Co. KGaA, for business transferring of JTEKT’s needle roller bearing (NRB). The transfer is a part of the restructuring of JTEKT’s global framework, which includes three of its consolidated subsidiaries conducting manufacturing and s...

News  Updated at: 2024/12/25

BMW Group's global sales down 4.5% in YTD September 2024, EV sales up 19.1% On October 10, BMW Group announced its sales results for Q3 2024 and YTD September 2024. BMW Group vehicle sales were down 4.5% YoY to 1,754,158 units in YTD September 2024 and in Q3, the sales were down 13% YoY to 540,882 units. It was affected by delivery stops due to Integrated Braking System issues and a challenging market in China. On September 10, BMW revised its 20...

News  Updated at: 2024/10/14

IAA Transportation 2024: Bosch to reorganize its commercial-vehicle business from January 2025 At IAA Transportation 2024, Robert Bosch GmbH (Bosch) announced a plan to reorganize its commercial-vehicle (CV) business within the Mobility business sector, starting January 2025. The new business unit will combine system development and product and portfolio management for trucks and off-highway applications. Bosch sees opportunities from the growth ...

News  Updated at: 2024/09/17

Camel Group European headquarters inaugurated Camel Energy GmbH, the Camel Group European headquarters, was officially inaugurated in Dusseldorf, Germany. Currently, Camel Group products are selling well in over 80 countries and regions, with an 80% increase in sales outside China. In 2023, the group hired a professional team to accelerate its internationalization and improve its global deployment in regions such as North America, Malaysia, Indon...

News  Updated at: 2024/06/20

ZF and Foxconn complete establishment of JV for passenger car chassis systems ZF Friedrichshafen AG and Hon Hai Technology Group (Foxconn) completed the establishment of their joint venture (JV) in the field of passenger car chassis systems. It will be called ZF Foxconn Chassis Modules. The acquisition of a 50% stake in ZF Chassis Modules GmbH by Foxconn achieves a 50-50 partnership, which was agreed upon on July 24, 2023. ZF Foxconn Chassis Modu...

News  Updated at: 2024/05/01

Daimler Buses unveils strategy plan for future leadership in global market On March 18, Daimler Buses announced its ambitious goals for the future. It aims to solidify its position as a global market leader and targets 9% adjusted return on sales by 2030. By 2025, they aim for 8% return. They plan to expand e-portfolio tailor services to evolving customer needs, and enhance digitalization for added customer value and operational efficiency. The d...

News  Updated at: 2024/03/18

Bosch aims sales growth of 6 to 9% for 2023 On May 4, Robert Bosch GmbH (Bosch) announced that for 2023, it expects an increase in global economic output of just 1.7% and thus a further significant slowdown compared to the previous year. Despite the moderate economic prospects, Bosch is aiming for sales growth of 6 to 9% for 2023 - the targeted operating EBIT margin for 2023 is 5%. Bosch exceeded its business goals in the challenging year 2022....

News  Updated at: 2023/05/05

HELLA Corporate Center China upgraded to HELLA Corporate Center Asia Hella GmbH & Co. KGaA (HELLA) announced that HELLA Corporate Center China has been upgraded to become its new headquarters for the Asian region under the new name, HELLA Corporate Center Asia. This Asia HQ also hosts the regional leadership teams of the business groups Electronics and Lighting, which steer selected regions in Asia such as China, Japan, Korea, Singapore, and Viet...

News  Updated at: 2023/03/24

HELLA’s annual sales expected to grow over 10% or surpass EUR 9.4 billion by 2025 Hella GmbH & Co. KGaA (HELLA) announced that it expects annual sales growth of more than 10% to over EUR 9.4 billion by 2025, significantly outperforming global light vehicle production that is expected to increase by an average of over 3% per year to 88 million units over the period. HELLA's sales outperformance will be driven by its market and technology leaders...

News  Updated at: 2022/11/07

Alps Alpine and Giesecke+Devrient jointly develop wireless digital key system Alps Alpine Co., Ltd. (Alps Alpine) announced the joint development of a wireless digital key system with Giesecke+Devrient GmbH, a German company that develops security solutions. This co-developed system complies with the Car Connectivity Consortium (CCC) global standard. Both companies plan to expand sales of the system with the aim of adopting it for vehicles to be ...

News  Updated at: 2022/05/06

Sintercom, India reveals its future plans On March 4, Sintercom India Limited announced that it continues to enhance OEM network and work closely with OEM customers to develop new products for their vehicles and marketing and branding and further intend to widen the sales network to access more customers through in-house marketing team by way of inter-alia presenting to them the technologies the company have. The company is exploring opportunit...

News  Updated at: 2022/03/07

Bosch plans expansion of software and technology centre in India Robert Bosch GmbH (Bosch), announced that Robert Bosch Engineering and Business Solutions Private Limited (RBEI), India changed the company name to Bosch Global Software Technologies Private Limited (BGSW). BGSW is looking to hire 5500+ engineers in 2022. It is also expanding to new locations with a new centre slated to be inaugurated in Hyderabad, Pune in India and Hanoi in Vietna...

News  Updated at: 2022/01/06

Henniges Automotive exits its operations in Germany On October 23, Henniges Automotive GmbH and Co. KG filed for insolvency in the German courts for its manufacturing plant and technical centre. The facilities are located in the greater area of Rehburg, Germany. The global pandemic and the semiconductor chip crisis have significantly contributed to declining sales and the additional escalation of raw material costs has contributed to the compa...

News  Updated at: 2021/10/26

Rheinmetall opens tech centre in Nanjing, China Rheinmetall Group announced that its subsidiary KS Kolbenschmidt GmbH and its cooperation partners ZYNP Corporation of China and Riken Corporation of Japan, have joined forces to open their own Tech Centre in Nanjing, China. For KS Kolbenschmidt, the move marks another consistent step in the direction of a truly global presence in the modern steel pistons domain. The new Tech Centre reflects the pa...

News  Updated at: 2021/04/01

al investment in the company to USD 15 million. The funding was driven by investors' excitement over customer and partners engagements, resulting from Cybellum's unique automotive cyber risk assessment technology. The investment will enable Cybellum to accelerate its strong growth through expanded sales, marketing, and engineering programs.  Cybellum developed a revolutionary technology that exposes all the software vulnerabilities in the veh...

News  Updated at: 2020/07/29

smart joint venture confirms global executive team and establishes smart Europe GmbH On July 27, Daimler announced that the new global smart joint venture between Geely Holding (Geely) and Mercedes-Benz AG (Mercedes-Benz), formally registered as ‘smart Automobile Co. Ltd.’ (smart) in Hangzhou Bay, Ningbo, China at the end of 2019, has established ‘smart Europe GmbH’ (smart Europe) as a wholly-owned subsidiary to supply, sell and service f...

News  Updated at: 2020/07/27