into a consolidated subsidiary. Nichirin has acquired 40% of the shares of HNBH from Hutchinson and increased its stake in it from the previous 30% to 70%. In 2012, Nichirin entered into a joint venture agreement and shareholders' agreement with Hutchinson for purposes including expanding sales to European OEMs. In 2013, Nichirin took an equity stake in HNBH, and has expanded its joint venture operations. As a result, HNBH has been expanding its...

Major Suppliers  Updated at: 2025/07/14

autonomy and e-mobility products. The companies also made a strategic collaboration agreement to pursue a goal of “innovation for a safe, clean, and sustainable future in mobility, autonomy, and electrification". Eatron has been planning to use the investment amount for expanding its sales in the European region and for developing or diversifying its product range. The agreement will also help Eatron to get involved in the Hirschvogel New Mobil...

Major Suppliers  Updated at: 2025/07/10

ydrogen for 1,000 km of driving in only 10 minutes. (From a press release dated September 16, 2024) VinFast EV charging infrastructure across Europe -The Company partnered with VinFast Auto to enable VinFast customers in Europe to access the Company's network of 700,000 charging points across 30 European countries. The partnership will provide VinFast customers with easy access to charging, allowing them to effortlessly locate, charge, and pay...

Major Suppliers  Updated at: 2025/07/09

IAC (International Automotive Components) Group Luxembourg Kevin Baird (CEO) -The Company is a leading global supplier of interior systems and components such as instrument panels, consoles and door panels. It also develops and provides components such as bumper fascias and exterior trim.-The Group was formed in October 2005 by WL Ross & Co., LLC and Franklin Mutual Advisers, LLC to acquire the European assets of Collins & Aikman. In October 2006...

Major Suppliers  Updated at: 2025/07/09

r the assets, operations, and personnel of the branch to the new company. (From a Wanxiang Qianchao SZSE press release dated October 14, 2023)   Orders -In 2023, the company obtained new users and new projects including the Mercedes-Benz China EQS project, the BMW platform project, the Volkswagen European constant velocity drive shaft project, the BYD EWEA, HXHG, HXHHH, SRH/SRE, and EM2EKA projects.   R&D Expenditure (CNY millions) ...

Major Suppliers  Updated at: 2025/07/08

33 million or 4.4% from the previous year's USD 7,484 million. The decline was mainly driven by lower sales of processor and connectivity products, partially offset by growth in advanced analog and ADAS products. Acquisitions ESMC-On January 9, 2024, the Company acquired shares in the newly founded European Semiconductor Manufacturing Company GmbH (ESMC), which will build and operate a new 300mm semiconductor wafer manufacturing facility in Dresd...

Major Suppliers  Updated at: 2025/07/04

aims to improve Faurecia Clarion Electronics’ position in the Chinese market. Inaugurated in November 2023, the Faurecia Clarion Electronics Fengcheng Mega Plant is one of the Company’s first manufacturing plants to realize carbon neutrality. (From a Company press release dated October 30, 2024)European workforce cuts in EU-FORWARD initiative-Multiple media sources reported that the Company plans to cut approximately 13% of its European workf...

Major Suppliers  Updated at: 2025/07/02

tion, a relaxation zone or even resting position. This includes new comfort and safety features for driver activation (massage, mobilization) and monitoring of body functions. At the IAA, visitors will be able to experience Adient's current seating solutions for volume production from the cabins of European, Indian and Chinese truck manufacturers. (From a press release on September 5, 2018) Adient announced that at IAA Commercial Vehicles 2018, A...

Major Suppliers  Updated at: 2025/07/02

ady signed a dispose agreement, General Electric announced it would acquire the Company for $45 billion. May 2001 The U.S. Department of Justice approved the acquisition under the condition of divesting the Company's helicopter operations. The two companies approved the condition. Jun. 2001 The European Commission proposed the divestitures of the Company's Aerospace division. GE refused the proposal. Jul. 2001 The European Commission reject...

Major Suppliers  Updated at: 2025/07/02

ting in the first half of 2025 and suspend production until further notice, affecting around 120 jobs. The site manufactures positive temperature coefficient (PTC) elements for high-voltage applications used in electrical heaters. The decision is due to a sharp decline in EV demand, especially from European manufacturers, which is not expected to recover in the medium term, along with increased competition, particularly from China. These factors ...

Major Suppliers  Updated at: 2025/06/26

cle brake division was, until early 1998, a joint-venture with AlliedSignal (now part of Honeywell), in which the Company had a 65% holding. The AlliedSignal/Bendix and the Company's commercial vehicle brake business had a combined turnover of over EUR 511.3m, which represents almost a third of the European market. 1999 In a further sign of the worldwide consolidation of the brake industry, Knorr-Bremse Systeme fur Nutzfahrzeuge announced that ...

Major Suppliers  Updated at: 2025/06/24

er Purchase Agreement (vPPA) with the Spanish company BRUC for the Cartago B Solar Project in Seville, Spain. The agreement, which secures long-term 34.4 MW capacity, supports the Company’s sustainability goals, specifically in reducing Scope 2 emissions by 25% and indirectly covering most of its European electricity consumption. This project is set to generate around 90 GWh annually for 15 years, commencing in September 2025. (From a press rel...

Major Suppliers  Updated at: 2025/06/17

omponents Kongsberg Automotive wins contract expansion worth 20 million euros Kongsberg wins contract for electro-mechanical seat actuators Kongsberg Automotive wins contract for seat comfort products Kongsberg wins contract for gearshift systems Kongsberg wins contract worth 181 million euros from European OEM Kongsberg wins contract for seat heat systems Kongsberg wins contracts from commercial vehicle manufacturers in Brazil Kongsberg wins new...

Major Suppliers  Updated at: 2025/06/06

ustomized in terms of touch, roughness, engravings, gloss, and color, and can be marked, sewn, or laser-engraved according to customer specifications. It will be ready for application in door panels, instrument panels, consoles, and seats by 2025. Moreover, the Company is collaborating with a major European brand to integrate this material into a new vehicle’s interior scheduled for launch in 2028. (From a press release dated September 25, 2024...

Major Suppliers  Updated at: 2025/06/05

rman seal manufacture ElringKlinger GmbH. 1998 Freudenberg formed a partnership with Phoenix AG and French gasket manufacture Meillor SA. Freudenberg terminated its partnership with ElringKinger GmbH. Jan. 1998 Freudenberg started a plant to produce shock absorber seals for Central and Eastern European vehicle manufactures in Hungary, with DM 10 million investment. May 1998 Freudenberg sold 37.2% share in ElringKlinger GmbH. Jul. 1998 Fr...

Major Suppliers  Updated at: 2025/06/03

e from the traditional combustion engine and commercial business to new technologies such as electromobility and hydrogen, charging infrastructure, and lightweight construction. -The Company is listed on the Frankfurt Stock Exchange. (As of Dec. 31, 2024) Shareholders Equity Capital (%) European institutional investors 20 North American institutional investors 28 Other institutional investors 9 Private shareholders 27 Other 16...

Major Suppliers  Updated at: 2025/06/03

2029. The Company will continue to be registered and headquartered in Herzogenaurach. (From a press release dated October 1, 2024) Restructuring Restructuring of German locations under Bearings & Industrial Solutions division-The Company has recently announced structural measures affecting several European locations, primarily in the Bearings & Industrial Solutions division with the Schweinfurt and Homburg sites in Germany. The Homburg plant pro...

Major Suppliers  Updated at: 2025/06/02

to Continental. Dec. 2018 Announced that the Company will build a new world headquarters in Northville, Michigan. Apr. 2019 Completed divestiture of anti-vibration systems business to Continental for a total sale price of approximately USD 265.5 million. Jul. 2020 Completed divestiture of its European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations, to Mutares SE & Co. KGaA. 2023 Sold its entire co...

Major Suppliers  Updated at: 2025/06/02

ans investment program upto EUR 2 billion by 2021   Brose to create 400 new jobs in Slovakia Brose investing USD 100 million to expand facility in Queretaro, Mexico Brose lays foundation stone for Serbian location Brose expands operations in India Brose to temporarily suspend operations at most European locations Hyundai Transys and Algorigo to jointly develop seats for self-driving cars Brose reports future plans and new radar technology ord...

Major Suppliers  Updated at: 2025/06/02

lease on September 15, 2009)  It is planned to install the air intake system in the Nissan Trucks Cabstar and Atleon, the Nissan Bus Civilian and the corresponding models of truck from Renault. Production takes place at MANN+HUMMEL IBERICA S.A.U., based in Saragossa, Spain, to meet demand from the European Nissan factory Avila in Spain and other Nissan production sites world-wide. The air intake system consists of an air filter unit, dirty and c...

Major Suppliers  Updated at: 2025/06/02