Mexico   Outlook -The Company expects global OEM production volumes to be roughly flat in 2025 compared to 2024. It forecasts above-market revenue growth in 2025 driven by the Asia Pacific segment. In addition, the Company is working on U.S. tariff cost mitigation and customer recoveries.   R&D Expenditure  (in million USD)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 282.8 298.0 288.9 Expend...

Major Suppliers  Updated at: 2025/05/08

expects sales for the auto business to outperform market production volumes growth in the low-single digit range with an EBITDA margin excluding the impact of Gescrap in line with or slightly above the 11.0% of 2024. For Gescrap, the Company expects similar sales and EBITDA levels as in 2024. R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 849.1 769.7 702.7 R&D S...

Major Suppliers  Updated at: 2025/05/08

n North America) and several Chinese automakers. Restructuring Cost reduction measures and organizational restructuring-On February 29, 2024, the Company announced new cost reduction measures to improve operating efficiency in the Powertrain Systems and Thermal Systems segments, while accelerating R&D efficiency. The targeted cost reduction measures represent an expense of EUR 300 million over the next two years. On April 22, 2024, the Company ...

Major Suppliers  Updated at: 2025/05/07

her prices, partly offset by negative customer and model mix. 2) Operating Income-For the fiscal year ended December 31, 2024, the Company’s operating income increased by 41.9% over the previous year to USD 979 million. The increase was mainly driven by reduced capacity alignment accruals, lower R&D expenses, and higher gross profit, which was due to lower costs for labor, premium freight and waste and scrap, as well as decreased material cost...

Major Suppliers  Updated at: 2025/05/07

d quarter results (cumulative) Renesas Electronics Corporation's second quarter results (cumulative) Renesas Electronics Corporation's first quarter results Business Activities To reduce production of automotive semiconductors Reduce production of mainstay automotive semiconductors and focus on R&D Cause: Excess inventory due to normalized supply after the Corona disaster Response: In addition to reducing production, review the start of mass ...

Major Suppliers  Updated at: 2025/05/07

control, integrated safety systems, autonomous driving and electric drives, ZF offers comprehensive product and software solutions for existing car manufacturers as well as start-up mobility service providers.-ZF sets up its Asia-Pacific headquarters in Shanghai. Nearly 50 production sites and four R&D centers have been established in more than 20 major cities, including Shanghai, Beijing, Tianjin, Chongqing and Hangzhou.-ZF is made up of the fol...

Major Suppliers  Updated at: 2025/05/07

2022. (From an article in the Nikkan Jidosha Shimbun on January 19, 2024) Business impact of Russia-Ukraine crisis -The company announced that it has completed the transfer of its Russian operations and has completely withdrawn from the market. (From a press release dated February 28, 2024) R&D Expenditure (in JPY millions)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 61,823 57,342 52,252 -Aut...

Major Suppliers  Updated at: 2025/05/07

Beijing, Hongqi shuttle vehicles were equipped with its fuel cell stacks. (From a press release dated March 8, 2024)   Outlook -The company expects organic revenue in the fiscal year ending December 31, 2025, to remain around the 2024 level, with a reference figure of EUR 1,644.2 million. R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 95.2 96.0 91.8 % of Sales ...

Major Suppliers  Updated at: 2025/05/06

ate this technology into its upcoming iron phosphate precursor (FP pCAM) and LFP CAM production facility in Saguenay-Lac-St-Jean, Quebec, targeting to reach 400,000 tons per year by 2032. GKN Hoeganaes will support this effort by scaling operations at its Gallatin, Tennessee plant and providing its R&D facilities in Cinnaminson, New Jersey, for process enhancement and optimization. (From a press release dated November 20, 2024) Carbon Neutral Goa...

Major Suppliers  Updated at: 2025/05/03

lass developed in collaboration with Saint-Gobain Sekurit, an innovative storage for disinfection, an ergonomic armrest, and door inserts crafted from persiSKIN AUTO. Moreover, it has an evolved display with an Android PCB for seamless connectivity. (From a press release dated October 14, 2024) R&D Expenditures (in EUR millions)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 585 560 520   R&D Fac...

Major Suppliers  Updated at: 2025/05/01

on and obstacle detection. In addition, the ZEEKR 009 and ZEEKR 007 are equipped with the Company’s intelligent RGB LEDs (RGBi), the OSIRE E3731i LEDs.(From a press release dated June 28, 2024) Awards -The Company won the Special Contribution Award at BYD NEV Core Supplier Convention 2024.  R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Opto Semiconductors (OS) 212 227 5...

Major Suppliers  Updated at: 2025/05/01

ived the Q1 quality certification from Ford for the second time. The award was first presented to the plant in São Bernardo do Campo in 2018. The certification has now been extended to KOSTAL Cravinhos following the relocation of the production process. (From a press release dated January 1, 2024) R&D Expenditure -The Company invests more than EUR 200 million annually in research and development. Investment Activities Expanded production plant i...

Major Suppliers  Updated at: 2025/05/01

mpany said that any remaining work at this Dresden plant will be moved to sibling locations in nearby Ridgetown, Ontario. (From multiple sources on January 15, 2024) Outlook -The Company expects that its sales for the fiscal year ending December 31, 2025 will be between CAD 4.8 and 5.1 billion. R&D Expenditure (in CAD million)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 42.2 38.0 36.9   R&D Facil...

Major Suppliers  Updated at: 2025/04/28

ation of Faurecia Clarion Electronics HQ-The Company relocated the headquarters of Faurecia Clarion Electronics, a division specializing in cockpit electronics and autonomous driving technology, to Shanghai, China on October 30, 2024. Faurecia Clarion Electronics has more than 2,000 employees and 4 R&D centers in China. The relocation aims to improve Faurecia Clarion Electronics’ position in the Chinese market. Inaugurated in November 2023, the...

Major Suppliers  Updated at: 2025/04/28

four different degrees of stiffness depending on the driving situation. The system also uses body and wheel acceleration sensors to provide individual damper control on each axle, adjusting based on driver inputs, road conditions, and road surface. (From a press release on March 19, 2024)   R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 604.4 603.6 576.8    R&D ...

Major Suppliers  Updated at: 2025/04/26

urced mapping with safe driving policy.(From a press release dated January 8, 2024)    Business Plan -The Company has decided to end the internal development of next-generation frequency modulated continuous wave (FMCW) lidars for use in autonomous and highly automated driving systems. The lidar R&D unit will be shut down by 2024, which will affect around 100 employees. The unit’s 2024 operating expenses are estimated at around USD 60 millio...

Major Suppliers  Updated at: 2025/04/26

s from purchased goods and services, fuel and energy-related activities, and upstream transportation by 28% within the same timeframe. In addition, these Company's science-based near-term and net-zero GHG reduction targets were validated by the Science Based Targets initiative (SBTi) in 2023. R&D Expenditure (in million USD)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 426 461 501 R&D Facilit...

Major Suppliers  Updated at: 2025/04/25

tlook -Excluding the effect of potential tariffs, the Company expects that tis sales for the fiscal year ending December 31, 2025 will be between USD 38.6 billion and USD 40.2 billion, assuming a decrease in light vehicle production from 63.1 million units in 2024 to 61.4 million units in 2025. R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 874 862 649 R&D Faciliti...

Major Suppliers  Updated at: 2025/04/25

ion of flows, control operating costs, and ensure material traceability. This project will be carried out in collaboration with the Automotive Technology Center of Galicia (CTAG) with financial support from Xunta de Galicia (GAIN) and European Funds.(From a press release dated June 21, 2024)   R&D Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 59 65 67 R&D Structure -...

Major Suppliers  Updated at: 2025/04/25

ntal sustainability and aims to achieve 45% absolute reduction in Scope 1 and 2 market-based emissions by 2030 (compared to 2021 baseline). In addition, the Company has set a long-term goal of achieving carbon neutrality in its operations by 2050. (From a press release dated January 24, 2024) R&D Expenditure (in USD millions)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 169.3 178.9 189.3 Prod...

Major Suppliers  Updated at: 2025/04/23