Thai steelmakers to merge for stability in automotive/other manufacturing industries Reported on May 28, 2025, Thai Coated Steel Sheet (TCS) and Thai Cold Rolled Steel Sheet (TCRSS) announced a planned merger, set to take effect on October 1, in response to ongoing global steel market volatility driven by U.S. trade tariffs and low-cost Chinese imports. The consolidation aims to enhance operational efficiency, improve product quality, and streng...

News  Updated at: 2025/05/29

& Marsal as the Monitor.•    Chapter 15 Filing: U.S. subsidiaries also filed for protection in New York under Chapter 15 to recognize the Canadian proceedings and halt legal actions in the U.S.•    DIP Financing: Li-Cycle secured a USD 10.5 million debtor-in-possession (DIP) financing term sheet with Glencore to fund ongoing operations, particularly in Germany, and support the restructuring process.•    Asset Sale Process: Li-Cycle w...

News  Updated at: 2025/05/17

TATA AutoComp, India and Katcon announce JV in Mexico for sheet moulded composite TATA AutoComp Systems Ltd and Katcon announced a new joint venture in Mexico to manufacture Sheet Moulded Composites (SMC), with a focus on serving the North American market. The venture will specialize in lightweight applications for commercial vehicles, agricultural tractors, off-road vehicles, and specialized non-automotive segments.  In this new venture, Tata A...

News  Updated at: 2025/05/15

ructure to achieve a surplus in the first three years of the plan. As set in the new mid-term business plan, the company aims to improve profitability by strengthening profit-generating capability, invest in promising fields and pay shareholder dividends, and implement asset control through balance sheet management and reduce interest bearing liabilities. Daido Metal will invest a total of JPY 17.5 billion by FY 2027 in the fields of ships, power...

News  Updated at: 2025/05/15

to a reciprocal rate of 10% on the first 100,000 vehicles imported into the U.S., with any additional vehicles each year subject to a 25% rate. That number is below the 101,000 automobiles exported to the U.S. in 2024, and can be seen as possibly setting a potential ceiling on exports. The U.S fact sheet says that the United States has negotiated an alternative arrangement to the Section 232 tariffs on steel and aluminum. The 25% steel tariff on ...

News  Updated at: 2025/05/09

se percentages reflect the duty that would be owed when a 25% duty is applied to 15% of the value of a U.S.-assembled automobile in the first year, and to 10% of the value of a U.S.-assembled automobile in the second year. All other automobile imports will still be subject to the 25% tariff. A Fact Sheet supplied by the government says “For instance, if a manufacturer builds a car in the U.S. that has 85% U.S. or USMCA content, the manufacturer...

News  Updated at: 2025/05/01

mill project in Louisiana, the U.S. This joint business will allow Posco to establish a flexible global production and sales structure and secure smooth supply to its customers in the U.S. and Mexico. Posco currently operates steel processing centers in North America, including an automotive steel sheet plant in Mexico (Posco-Mexico), and has a solid customer base with automakers. The two groups will also cooperate in the secondary battery mater...

News  Updated at: 2025/04/24

ngine that powers the rest of the Tiguan range. The engine makes 268 hp at 5500 rpm, an increase of 67 hp over the other models, while torque increases from 207 lb-ft to 258 lb-ft, delivered between 1900 and 5400 rpm. The new-for-2025 Tiguan was fully redesigned on the MQB evo platform with all-new sheet metal that features a shorter rear overhang and higher, more powerful nose than the second-generation Tiguan. The Tiguan is offered exclusively ...

News  Updated at: 2025/04/18

were installed and 29 new AGVs ( Automatically Guided Vehicles ) were brought in to now total 202 units of the self-guided robots. The Resende Industrial Complex consists of a vehicle assembly plant and an engine plant. It has within its facilities everything from stamping to test tracks, including sheet metal, painting, plastic injection, assembly and quality inspection. The complex has over 3,000 employees at the complex, including 2,200 Nissan...

News  Updated at: 2025/04/18

Falcon, UAE partners with Shanshan, China for anode production facility in Morocco On April 15, Falcon Energy Materials plc and Shanghai Shanshan New Material Co., LTD signed a term sheet for a strategic partnership to develop the customer base for Falcon’s coated spherical purified graphite (CSPG) anode production facility in Morocco.  Hensen Graphite & Carbon Corporation will provide technical support to develop the Anode Plant. Hensen and F...

News  Updated at: 2025/04/16

CNTs). DENSO is one of Canatu’s largest shareholders. This JDA builds on the MoU signed by Canatu and DENSO last year for enhancing CNT performance, developing advanced reactors, and enabling practical applications like ADAS cameras and full windshield heaters. The JDA’s goal is to optimize the sheet resistance-to-transmittance ratio of CNTs, aiming for high electrical conductivity without compromising light transmittance.  The value of the ...

News  Updated at: 2025/04/16

nuously variable voltage boosting technology, with 50% higher power density and 2% higher efficiency. The SGMW proprietary high-efficiency all-domain oil cooling technology improves heat exchange efficiency by 30% to further increase the continuous power of the electric drive. The new silicon steel sheet structure and the hollow rotor shaft allow for higher motor speed. At the event, Baojun started accepting pre-orders for the Xiangjing, its firs...

News  Updated at: 2025/04/11

s become terminated, USMCA compliant goods would continue to receive preferential treatment, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff. The across-the-board tariffs of 25% on aluminum and steel imports from all countries went into effect March 12. (White House Fact Sheet on March 26, 2025) (White House Fact Sheet on April 2, 2025)(Federal Register on March 26, 2025) (Annex list of country tariffs) (USTR calculati...

News  Updated at: 2025/04/09

VARTA, Germany secures future investments with fresh liquidity On April 1, VARTA AG announced that it had completed its balance sheet restructuring and strategic realignment. Dr. Michael Tojner and Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche”) are new indirect shareholders of the company. Following the cash and non-cash capital increase in the amount of EUR 60 million and the provision of new financing for EUR 60 million, its liquid...

News  Updated at: 2025/04/07

ct reflection on glass in the nighttime and long-term water repellency. By combining the new technology with functional film and surface coating technologies, Sumitomo Bakelite will propose it for automotive and railroad applications. The “Tough-moth” developed by the company is a polycarbonate sheet that has fine, nanometer-level (one billionth of one meter) projections in the shape of an imitated moth’s eye. The new resin material has a r...

News  Updated at: 2025/04/02

ect placement of 75 million new shares at GBP 0.7 per share, about 7% higher than the closing share price on March 28, 2025. Once completed, the Yew Tree Consortium will own 33% of Aston Martin. These transactions are expected to increase liquidity by over GBP 125 million, strengthening the balance sheet and supporting future investments. Since 2020, the Yew Tree Consortium has invested over GBP 600 million in Aston Martin and currently owns 27.6...

News  Updated at: 2025/04/01

ed body designs, reducing costs, weight, and carbon emissions. The MeGiCast consortium is analyzing a Giga casting front section and comparing it to a multi-material approach. The project examines technology, weight, and CO2 impact. FEV has developed a hybrid manufacturing technique combining large sheet metal for flat structures with cast reinforcements. This approach creates a front part with three components, making it up to 18% lighter than G...

News  Updated at: 2025/04/01

Rivian’s new technology to power Volkswagen ID.EVERY1 On March 20, Rivian Automotive’s CSO announced that the ID.EVERY1 model will be the first Volkswagen Group vehicle to use Rivian’s clean-sheet technology stack. It will feature a single-zone electrical system that lowers costs while offering a range of connected car features, making advanced technology available to everyone. The electric vehicle is set to launch in 2027. Based on social ...

News  Updated at: 2025/03/21

Škoda Auto joins SATURNIN project to repurpose steel waste and cut emissions On March 20, Škoda Auto announced its participation in the SATURNIN project, which connects manufacturers to optimize steel waste reuse and support industrial decarbonization. The initiative matches sheet metal offcuts from various companies with the needs of smaller component producers, reducing energy-intensive steel recycling and promoting a circular economy. Throug...

News  Updated at: 2025/03/21

AAPICO Hitech, Thailand reports financial performance in 2024 Announced on February 28, 2025, AAPICO Hitech PCL (AH), Thailand remains well-positioned with a strong balance sheet and ample liquidity to navigate market fluctuations, despite all challenges in the auto industry in 2024. While Thailand’s auto sector is expected to recover gradually, AH aims to drive growth through joint ventures with leading automotive and technology firms, enhanci...

News  Updated at: 2025/03/04