sale of its subsidiary GT Emissions Systems to Rcapital Partners, a private equity fund from the UK, on January 22, 2025. This sale aligns with the Company’s portfolio optimization plan, focusing on strategic fit and performance. It is the fourth successful divestment under the Company’s BOOST 2026 program within 12 months, with almost 60% of its portfolio streamlining completed ahead of schedule. (From a press release dated January 22, 2025...

Major Suppliers  Updated at: 2025/06/24

press release dated April 26, 2024) Metal and plastic fluid transfer assemblies Europe-based Global OEM  -The Company won a contract worth over EUR 105 million in estimated lifetime revenue for metal and plastic fluid transfer assemblies used in heavy-duty truck engines. Production will start in 2026. The five-year contract, made with a Europe-based Global OEM, will be developed, manufactured, and supplied by the Company’s Epila, Spain, Brze...

Major Suppliers  Updated at: 2025/06/06

timizing visibility and ergonomic accessibility. The CID is complemented by a sleek button bar featuring stylish glassy toggles boasting a prismatic surface. The toggles vanish when the integrated autonomous driving mode is activated. The integration of these physical controls is compliant with the 2026 Euro NCAP testing regulations and qualifies its concept for a 5-star safety rating. (Based on VIA optronics social media updates on May 6, 2024) ...

Major Suppliers  Updated at: 2025/06/05

s release dated June 1, 2023) The Government of North Macedonia announced that KOSTAL Group is investing EUR 50 million to produce the latest SAC (Smart Actuator Charging) technologies and charging systems from the Volkswagen group. The investment will be realized in the period July 2023 - December 2026. It will be installed in the latest models of Volkswagen, Skoda, Seat, Audi, and Porsche. KOSTAL Macedonia" will become the only global location ...

Major Suppliers  Updated at: 2025/06/03

lated issues. (From a press release November 13, 2024) EGR valves Renowned car manufacturer -The Company has won a new order for exhaust gas recirculation valves (EGR valves) from a renowned car manufacturer. The order is worth in the low three-digit million-euro range. Production will start from 2026 to 2031. The Company will customize its current compact model of the EGR valve in the area of the connections for use in the manufacturer's comme...

Major Suppliers  Updated at: 2025/06/03

mobility at Auto Expo Components Show Bharat Mobility Global Expo 2025: Schaeffler India showcases advanced mobility solutions Schaeffler and employee representatives in Schweinfurt reach job security agreement for 2025 Schaeffler to test performance of all-solid-state battery under development in 2026 Schaeffler AG starts producing ball screws for auto steering systems at Xiangtan site Schaeffler reveals 2025 outlook following merger with Vites...

Major Suppliers  Updated at: 2025/06/02

ng its global organizational structures, reducing costs, and actively managing its portfolio with a focus on the automotive business in the areas of doors, seats, and drives. As part of this plan, the Company is reducing its global capacities by cutting indirect personnel costs by twenty percent by 2026. This includes a reduction of around 1,100 indirect jobs at high-wage locations worldwide in 2025, with around 700 jobs eliminated at the Company...

Major Suppliers  Updated at: 2025/06/02

xpected to increase between 1% and 4%. The Company also expects an improved EBIT margin in 2025 compared to 2024. In addition, it anticipates a slight increase in the EBIT margin for the Mobility business sector. -The Company is also expecting EUR 6 billion turnover from electromobility business in 2026. It increased production of components for electric cars by 50% in 2022. Besides, it expects sales of EUR 3 billion in 2026 from computers for dr...

Major Suppliers  Updated at: 2025/05/29

Group announced a partnership to develop the advanced sensor cleaning system (ASCS), a highly integrated all-in-one solution that can keep more than 10 environmental sensors clean with water pressure of up to 7 bar, using just a single infrastructure. Production is scheduled to start at the end of 2026. Cebi Group provides the large reservoir with up to four individual washer pumps for the classic windshield and headlamp cleaning, the complex ho...

Major Suppliers  Updated at: 2025/05/29

and a shift in demand toward less premium vehicles. However, the percentage of 18-inch and larger tires in the sales mix continued to rise sharply, supported by a fast-growing market where the Company maintained its competitive positions. Restructuring To close CHOLET and VANNES plants in France by 2026-The Company announced its plan to close CHOLET and VANNES plants in France by 2026, affecting around 1,254 employees. The decision followed the s...

Major Suppliers  Updated at: 2025/05/27

olet Express Van, and high-pressure diesel lines for GM 3.0 program. In addition, the Company has delivered air brake tubes for all DAF trucks, and fuel tanks and delivery systems for MMC 5F00 and Nissan L02D (Nissan Almera) projects. (From a press release dated July 30, 2024) Financial targets -By 2026, the Company expects to generate sales between EUR 3.8 billion to EUR 4.2 billion at a constant currency (based on 2022 average rates) and return...

Major Suppliers  Updated at: 2025/05/23

drogen Engine-powered Vehicles” since August 2021 and developed the hydrogen engine, which compares favorably in performance with pure diesel engines. They will begin verification tests on the engine in freight transportation within fiscal year 2023 (ending in March 2024), aiming for launch in FY 2026. In addition to the five companies, Riken Corporation, IHI Corporation, MAHLE GmbH, NGK Spark Plug Co., Ltd., ENEOS Corporation, Daido Metal Co.,...

Major Suppliers  Updated at: 2025/05/20

n LIB-related patents CATL launches 75# standardized swapping electric block CATL commissions battery manufacturing site in Shandong CATL, HMCT to jointly promote application of LFP, CTB battery technologies CATL listed on HKEX CATL reportedly plans to start battery production in Indonesia by March 2026 CATL, Dongfeng Nissan forge strategic partnership CATL releases latest research breakthrough in lithium metal batteries China’s first automotiv...

Major Suppliers  Updated at: 2025/05/19

ely EUR 1.4 billion. MAHLE currently offers its high-voltage compressor in voltage ranges up to 900 volts and displacements up to 57 cubic-centimeter. MAHLE recently introduced the e-compressor currently available on the market with a peak power of 18 kW. MAHLE also announced that Between 2022 and 2026, more than 20 electrified vehicle platforms will have their e-mobility and thermal management solutions. MAHLE already generates over 60% of its ...

Major Suppliers  Updated at: 2025/05/15

customer and product mix in China and the slowdown in electrification in Europe. This decline was partially offset by positive development in the radar business due to new series launches in the Americas region. Restructuring Realigning lighting production at Lippstadt site; cutting 420 jobs by mid-2026 -The Company announced a plan to restructure its lighting production plant in Lippstadt, Germany, to strengthen its competitiveness. This decisio...

Major Suppliers  Updated at: 2025/05/15

period is expected to reach Korean won (KRW) 192.75 billion. (From a press release on June 2, 2017) Kyung Chang Industrial Co., Ltd. signed a contract with Kia Motor Company regarding the supply of two types of e-shifters for electric vehicles (EVs). The new deal is valid from May 2021 to September 2026 in total, or from 2021 to April 2024 for the first type and from October 2023 to September 2026 for the second type. The sales under the contract...

Major Suppliers  Updated at: 2025/05/14

ed by 2.1%. The decrease in sales was due to a weak order intake from the Lighting business group prior to its acquisition by the Company. This was partially offset by the strong order intake from the Exteriors business group. However, the reporting segment expects to see improved sales starting in 2026 as the Lighting business group secured an order intake of approximately EUR 3 billion in two years.3) Modules segment sales-Sales of the Company...

Major Suppliers  Updated at: 2025/05/14

inly in administrative and managerial functions in France and Germany. In addition, its former Comfort and Driving Assistance Business Group became the Brain Division, and the Visibility Business Group became the Light Division. These measures will provide structural savings of EUR 200 million from 2026, starting with EUR 50 million in the second half of 2024 and then EUR 150 million in 2025. Elimination of 868 jobs in France and closure ofSart...

Major Suppliers  Updated at: 2025/05/12

a Continental and SAS Automotive Systems develop new commercial vehicle cockpit Faurecia opens new lab at TechCenter in France Mitsubishi Chemical and Faurecia tie up to develop bioplastics Faurecia and the Fraunhofer ICT to collaborate on automotive composites Faurecia to offer EUR 400 million of 2026 sustainability-linked notes Forvia participates in CIIE Faurecia gets funding for development of new generation of hydrogen tanks Schaeffler and ...

Major Suppliers  Updated at: 2025/05/09

r service center in Troy, Michigan, USA Nexteer to establish global headquarters in greater Detroit area in USA Nexteer Automotive joins University of Michigan's Mobility Transformation Center Affiliates Program Nexteer commissions Changshu site Nexteer introduces rear-wheel steering, production in 2026 Nexteer launches High Output Column-Assist Electric Power Steering Nexteer expands chassis motion control tech with Brake-by-Wire system Nexteer ...

Major Suppliers  Updated at: 2025/05/08