to EUR 55,793 million. Excluding currency exchange rate effects, sales increased slightly by 0.2%. The business sector fell short of its forecast growth of 7 to 9%. The decrease in its sales was due to the global decline in vehicle production, especially in Europe. In addition, growth in strategic areas such as electromobility and automated driving fell significantly short of internal targets, especially in Europe, where demand is developing mor...

Major Suppliers  Updated at: 2025/05/29

rtners. (From a press release dated March 14, 2025) Hutchinson S.A. (Hutchinson) and TotalEnergies organized a Tech Day at Chery’s research and development center in China on March 20, 2025. Supported by Chery’s executives and representatives from the Wuhu Economic and Technological Development Area and Hanshan County, the event underscored the three companies’ shared commitment to shaping a sustainable future for the automotive industry. H...

Major Suppliers  Updated at: 2025/05/29

tion in Saltillo, Mexico.  R&D Structure -As of December 31, 2024, the Company has nearly 1,100 employees working in research and development. R&D Activities AeroSolfd and H2MAC projects-In 2024, the Company participated in two innovative initiatives: AeroSolfd, focused on clean mobility in urban areas, and H2MAC, aimed at developing a cathode air filtration system for fuel cell-powered mobile machinery. Both projects are co-financed by Horizon...

Major Suppliers  Updated at: 2025/05/29

project-Polestar has signed up a further eight partners to the Polestar 0 project, its goal to create a truly climate-neutral car by 2030. New collaborators in the project include Vitesco, Schloetter, Autoneum, Stora Enso, TMG Automotive, Gränges, Borgstena, and Stena Aluminium. They cover the areas of electrical inverters, electroplating, interior and exterior materials, renewable solutions in packaging, biomaterials, wooden construction, c...

Major Suppliers  Updated at: 2025/05/29

mpany also recorded an operating loss of EUR 14 million and a net income loss of EUR 142 million for 2024. This negative result was primarily driven by declining global vehicle production volumes, worsening market conditions, and restructuring costs in all of the Company’s functional and business areas. Global vehicle production in 2024 fell by around 1 million compared to 2023 to 89.1 million vehicles. Restructuring Plan -The Company aims to i...

Major Suppliers  Updated at: 2025/05/28

e SUV, its first four-door, four-seater model. (From a press release dated February 12, 2024)   Recent Developments Valladolid City, Spain approves land exchange for factory expansion-The City Council of Valladolid, Spain approved a project to modify the General Urban Plan of Valladolid in the area surrounding the Company’s factory, in El Cabildo. The project, requested by the Company in May 2023, aims to continue the expansion of the fact...

Major Suppliers  Updated at: 2025/05/27

ed in the U.S. (From a press release dated May 23, 2023) TI Fluid Systems plc. (TI Fluid Systems) announced that its Plant 1 team in Tangier, Morocco has received a Ford Q1 certification, which is awarded to Ford suppliers who demonstrate excellence beyond ISO/TS certification requirements in these areas: capable systems, continuous improvement, system capability, ongoing performance, superior manufacturing process, and customer satisfaction. (Ba...

Major Suppliers  Updated at: 2025/05/23

on capacity of bearings within the group in response to the increasing demand among the existing customers as well as to the first contract awarded from an European automaker. Daido Metal plans to invest approximately 2.7 billion yen in the construction of the additional facility with a total floor area of around 10,000 m2 in a bid to beef up the production capacity of half bearings for automobile engines by roughly 30% in FY2011. Construction wi...

Major Suppliers  Updated at: 2025/05/20

ce by 6% by distributing functional modules for structural protection, high-voltage connections, and thermal runaway protection. Moreover, the world's first large cell cooling technology was adopted. Based on cell variations, coolant functions were placed between cells, increasing the heat exchange area by a factor of 4. The Qilin battery will be used in the Geely Zeekr brand vehicles, and will be installed in the Zeekr 009 and Zeekr 001. CATL an...

Major Suppliers  Updated at: 2025/05/19

s, Inc. and completed the relocation of its worldwide headquarters to Sterling Heights, Michigan. The new name and change of address officially closes the integration of Breed by the Carlyle Management Group and classs Key Safety Systems, Inc. with its affiliate, Key Plastics, L.L.C. in the Detroit area under the unified Key Automotive Group brand. Mar. 2006 Announced the grand opening of its Asia technology and manufacturing center in Shanghai...

Major Suppliers  Updated at: 2025/05/17

ectric and electronic components and systems. -With the automotive industry in the midst of transformation based on multiple advanced technology trends including electrification, the Company has issued “MAHLE 2030+”, a new group strategy. The MAHLE 2030+ strategy focuses on three strategic core areas for the Company to expand its position in: In the first core area of electrification, the Company will focus on developing and manufacturing el...

Major Suppliers  Updated at: 2025/05/15

The new headlamp concept has a digital daytime running light matrix that allows end users to select their preferred digital light signature from up to eight preset designs via a software-based app or the fully electric SUV's Multi Media Interface (MMI). The Matrix LED headlamps are divided into two areas based on the design of the bodywork. The lower area, consisting of 14 LEDs, provides a glare-free high beam. On the other hand, the upper area i...

Major Suppliers  Updated at: 2025/05/15

The partnership with Capgemini allowed the Company to gain access to tools, methods, and business skills essential to industrialize the growth of the Op’nSoft software development center while boosting the skills of the teams using it. This improves the Company’s ability to drive innovation in areas such as assisted driving, electrification, personalization, and sustainability. Their initial focus was on innovations related to radar, hydroge...

Major Suppliers  Updated at: 2025/05/14

leadership. -The Transformation Plan has been putting in place a new organizational structure with key changes that include: Setting up the Transformation Department to enhance performance across Antolin. Making the Commercial Department a Customer Development. Arranging the Business Units into 2 areas to separate the mature businesses from their more technological counterparts. -This Plan seeks to build on the Comapny’s technologies and sol...

Major Suppliers  Updated at: 2025/05/13

car interior-The Company has partnered with ams-OSRAM AG to integrate ams OSRAM’s OSIRE E3731i intelligent LED and the Company’s dynamic ambient lighting systems with the Open System Protocol (OSP) technology. The new system can create a lighting animation throughout the cabin or in a specific area. It manages speed, luminance, and color for each LED to deliver a warning or visual feedback. The OSP communication framework allows microcontrol...

Major Suppliers  Updated at: 2025/05/12

tainable material products, with a 2030 sales target of 150,000 tons of compounds. These products will be applied in industries such as automobiles and household appliances. In addition to a partnership for materials, the Company and Gree Electric will discuss opportunities for cooperation in other areas. (From a Company press release on April 11, 2024)Joint venture with Chery for sustainable cockpit technologies-The Company signed a joint ventur...

Major Suppliers  Updated at: 2025/05/09

mpany will discontinue Melior Motion GmbH’s activities in Hameln and will try to sell the plant. The Steinhagen location, which produces spherical plain bearings, has explored options for its future. As part of synergies from the merger with Vitesco, the measures will mainly affect the functional areas, central departments, and R&D operations at the Company’s Regensburg and Herzogenaurach locations. Regensburg will become the HQ of Powertrain...

Major Suppliers  Updated at: 2025/05/09

stomer, and market responsiveness, as well as R&D and innovation. Expansion of Mexico Technical Center-The Company held a groundbreaking ceremony for an expansion of its Mexico Technical Center in El Marqués, Querétaro, with a total investment plan of USD 20 million. The new facility will have an area of 8,350 square meters that will house several key capabilities, including electric power steering (EPS), steering column, pre-production prototy...

Major Suppliers  Updated at: 2025/05/08

n plans include the construction of a new hot stamping and assembly plant to supply complete side structure for Skoda and Volkswagen electric cars that will be manufactured in the region. It also includes the construction of production and logistics halls measuring 26,020 sqm, the development of an area of 19,000 sqm, a two-story office building, and a distribution substation. The planned production lines will have two hot stamping presses, laser...

Major Suppliers  Updated at: 2025/05/08

lease dated December 10, 2024) New steering wheel plant in Hefei-The Company announced the groundbreaking of a new plant in Feixi, Hefei, Anhui. The new plant will mainly manufacture steering wheels, with an estimated annual capacity of 4 million units upon commission. The plant covers a total land area of 50,000 sqm, of which 20,000 sqm is for the first phase expected to be completed in 2025. Advanced steering wheel manufacturing devices and pro...

Major Suppliers  Updated at: 2025/05/07