1, 2024, decreased 2.4% from the previous year to EUR 1,803.1 million. This was driven by a market downturn, particularly in Europe, amid challenging economic and industry-specific conditions, including geopolitical turbulence, armed conflicts, the threat of heightened trade barriers such as higher tariffs, the industry's technological transformation to meet climate targets, and the recession in Germany. Excluding the effects of exchange rates, s...

Major Suppliers  Updated at: 2025/07/17

e decrease, and four companies including Aisin Corporation (Aisin) and Toyota Boshoku Corporation (Toyota Boshoku) expect an operating profit increase as a result of rationalization. However, most of the seven companies have not factored in the impact of the U.S. Trump administration’s additional tariffs, and the future may be turbulent for them. In FY 2024, four Toyota Group parts suppliers increased their revenue, and four increased their ope...

Major Suppliers  Updated at: 2025/07/16

Motors, Ltd., Toyota Group medium-sized parts suppliers, and Nidec Corporation are scheduled on April 24, and announcements from Toyota Group major parts suppliers such as Denso Corporation and Aisin Corporation are scheduled on April 25. The most controversial point is the impact of new automotive tariffs imposed by the U.S. Trump administration on vehicles and auto parts. Subaru Corporation and Mazda Motor Corporation, which have high ratios of...

Major Suppliers  Updated at: 2025/07/15

cing autonomous driving and electrification technology development Denso Air Systems invests USD 3.5 million for expansion in Hopkinsville, Kentucky Denso to consolidate ECU development divisions to eliminate waste Denso may suffer JPY 80 billion operating loss if U.S. government imposes additional tariffs Denso makes investment in JOLED to develop OELDs for HMI Denso and Toyota Group firms to form new company for self-driving technologies Aisin ...

Major Suppliers  Updated at: 2025/07/14

nufacturers in their core markets of passenger cars and truck/bus tires. On the other hand, there are apparent differences in their target markets and areas following the recent trend of reallocating global management resources. Amid growing uncertainty in their business environment due to “Trump tariffs” and Chinese emergence, attention will be focused on whether each company's strategy succeeds. (From an article in the Nikkan Jidosha Shimbu...

Major Suppliers  Updated at: 2025/07/14

its international footprint to flexibly allocate production to the most advantageous locations based on factors such as regional costs, logistics, and geopolitical risks. In Europe, producing simple, small components is no longer cost-competitive. Imported goods are more cost-effective despite any tariffs, transport costs, and CO2 taxes (CBAM). Therefore, Hirschvogel is expanding its capacity in best-cost countries to serve European customers mo...

Major Suppliers  Updated at: 2025/07/10

D 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 imported vehicles and parts. Paul Thomas, president of Bosch in North America and of Bosch Mobility America, said that the company tries to...

Major Suppliers  Updated at: 2025/07/09

addition to its existing model, and introduce a large tank that meets local regulations for the Chinese market. (From an article in the Nikkan Jidosha Shimbun on February 20, 2025) On February 28, French part supplier Forvia said it is drafting an action plan on how to deal with the impact of U.S. tariffs on its Mexican operations, and plans to pass on costs to customers “We have defined what will be necessary for the entire impact to be passe...

Major Suppliers  Updated at: 2025/07/02

worth EUR 71 million for the rear axle anti-roll bar. The Company’s Hvittingfoss, Norway plant will manufacture and supply this product. (From a press release dated January 18, 2024)   Outlook -The Company expects 2025 to be challenging, with no significant market growth. The impact of new US tariffs on costs and demand remains uncertain. The Company’s revenues are expected to remain largely stable in the first half of the year compared t...

Major Suppliers  Updated at: 2025/06/06

xpects its turnover to be close to EUR 4,000 million for the fiscal year ending December 31, 2025, despite current market uncertainties such as changing decarbonization regulations, slower global economic growth, rising geopolitical tensions, and potential trade conflicts—particularly due to U.S. tariffs. These conditions are leading manufacturers to change their production plans, lengthening the lifespan of combustion-engine models, delaying e...

Major Suppliers  Updated at: 2025/06/05

nd be assembled at a new plant in the U.S., according to a source briefed on the matter on September 12. The proposed plant would be funded and operated by Japanese consumer electronic firm TDK Corp., create more than 1,000 jobs, and is expected to be located in the southern U.S., avoiding new U.S. tariffs. Talks are still ongoing, according to the source, with no final deal expected immediately.  Ford already plans to license CATL technology to...

Major Suppliers  Updated at: 2025/05/19

roduction of passenger cars and light commercial vehicles to remain flat in 2025 at around 89.5 million units, the same level as in 2023. This is due to several uncertainty factors and geopolitical tensions, including weaker purchasing power due to inflation and rising protectionism such as trade tariffs by the new US administration. Against this background, the Company forecasts a slight organic increase in sales for the fiscal year ending Dec...

Major Suppliers  Updated at: 2025/05/15

nveils new manufacturing lines for EV power electronics in India Auto Shanghai 2025: Valeo to present advanced solutions for electrification, ADAS, and lighting Valeo and Appotronics, China partner for next-generation front lighting system Valeo boosts restructuring and savings program in 2025 amid tariffs-related uncertainties Auto Shanghai 2025: Valeo and PanGood, China develop high-efficiency integrated Axial Flux Generator System Valeo wins m...

Major Suppliers  Updated at: 2025/05/12

rm Renesas, Midea forge partnership Renesas joins eSync Alliance, USA Renesas Electronics announces new automotive Bluetooth Low Energy system-on-chip Renesas Electronics Corporation's first quarter results Auto Shanghai 2025: Renesas unveils virtualization platform co-developed with ThunderSoft US tariffs: Renesas Electronics President Shibata expresses concern over shipment decline, with strong shipments to China Denso to sell most of its Renes...

Major Suppliers  Updated at: 2025/05/07

n meaningful reductions to H2/2024 production estimates for multiple global OEM customers. Other factors included a decline in orders from Chinese OEMs and the delay of a high-volume ADAS launch outside of China. The SuperVision volume expectations for 2024 have also been reduced, mainly due to new tariffs in the US and Europe, which are expected to impact the delivery ramp-up of SuperVision-equipped vehicles into those markets. In addition, unce...

Major Suppliers  Updated at: 2025/04/26

GM. The Company’s five awards were in the categories of battery mechanical components; exterior moldings, claddings & extruded plastics; frames; rubber sealing and rubber extruded; seat complete and trim. (From a Company press release on April 14, 2024) Outlook -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, assumi...

Major Suppliers  Updated at: 2025/04/25

ns of EU directive 2015/719, which will go into effect in May 2021. Even before a truck drives off, fleet operators and drivers can check whether the weight of the vehicle is within a safe range. In addition, it can serve as a basis for new business models, for example with load-dependent transport tariffs. Chassis with air suspension are great for constantly determining the load condition of all individual axles. Continental also has tailor-made...

Major Suppliers  Updated at: 2025/04/22

nufacturers in their core markets of passenger cars and truck/bus tires. On the other hand, there are apparent differences in their target markets and areas following the recent trend of reallocating global management resources. Amid growing uncertainty in their business environment due to “Trump tariffs” and Chinese emergence, attention will be focused on whether each company's strategy succeeds. (From an article in the Nikkan Jidosha Shimbu...

Major Suppliers  Updated at: 2025/04/18

ber 31, 2025 will be between USD 9,525 million and 10,025 million. This outlook is based on the expectation of decreased global end-market demand and includes the Company’s Off-Highway business that it is currently attempting to divest. The outlook does not account for the effects of the new U.S. tariffs. R&D Expenditure (in million USD)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 360 369 321 %...

Major Suppliers  Updated at: 2025/04/02

gn companies want higher quality and cheaper parts, the competition between local suppliers would get fiercer. In addition, more Chinese companies whose products are of medium quality but the prices are much cheaper have also been presented in Vietnam as they shift production from China to avoid US tariffs. (From an article of Vietnam News on July 1, 2019) Visteon announced that it is partnering with 22 well-known partners to develop legally comp...

Major Suppliers  Updated at: 2025/03/27