024, the Group sold its entire interest in GKN Hydrogen business to Langley Holdings plc, for nominal consideration. The transaction resulted in a loss of GBP 18 million, of which GBP 10 million was incurred in the first half of 2024. This eliminated the Group future cash losses associated with the funding of the Hydrogen operations. -The Company’s shares are listed on the London Stock Exchange. GKN Automotive DrivelineSideshafts-Sideshaft syst...

Major Suppliers  Updated at: 2025/05/03

From a press release dated September 2, 2024) Invest EUR 588 million to expand production and chip technologies in Styria, Austria-The Company announced its plans to invest EUR 588 million in its development and production site in Premstätten, Styria, Austria, by 2030. The Company has applied for funding of up to EUR 200 million within the framework of the European Chips Act to the EU Commission for this purpose. The planned new semiconductor m...

Major Suppliers  Updated at: 2025/05/01

o, Brazil plant until at least September 30 Kostal opens new central hub office in Budapest Kostal China develops gear shifter for BYD Seal KOSTAL Shanghai wins “Solidarity & Mutual Assistance“ award from Beijing Benz KOSTAL to expand operations in North Macedonia KOSTAL Automobil Elektrik gets funding for innovative research projects Kostal Group completes acquisition of Compleo Charging Solutions AG, Germany Kostal opens new plant in Mexico...

Major Suppliers  Updated at: 2025/05/01

he development and production of EV batteries enhanced with graphene. Martinrea and NanoXplore will each initially invest CAD 4 million into the joint venture as startup capital and to support the construction facility, with each committed to provide up to an additional CAD 6 million in development funding if, as and when required. A successful demonstration of improved battery performance using graphene, along with positive feedback from custome...

Major Suppliers  Updated at: 2025/04/28

for expertise in Smart Surfaces Faurecia to reveal breakthrough technologies and services at CES 2018, Las Vegas Faurecia and Accenture announced MoU for connected and autonomous vehicles 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 Symbio confirm the creation of JV for fuel cell bipolar plates Faurecia pre...

Major Suppliers  Updated at: 2025/04/28

ivision. In addition to the quality of parts delivered, the award also recognizes a supplier's reactivity and its customer satisfaction performance. (From a press release on Feb. 7, 2008) Valeo announced the signing of a contract with OSEO, the French state financing group, for 61 million euros in funding for its research program LOwCO2MOTION®, which aims to improve vehicle engine efficiency and contribute to reducing CO2 emissions. This fundin...

Major Suppliers  Updated at: 2025/04/26

context, ZF is contributing its expertise for the purely electric commercial vehicle drive – including power electronics and software-based control of all energy consumers. The German Federal Ministry of Transport and Digital Infrastructure has already provided a non-binding letter of intent for funding the project. (From a press release dated November 10, 2021) Vibracoustic announced that it has developed a resilient spider that helps reduce ...

Major Suppliers  Updated at: 2025/04/26

history to teach safety. Valeo and Mobileye will collaborate on policies and technologies needed to bolster the adoption of an RSS-based technology standard in Europe, the U.S. and China. The partnership will include drafting of frameworks for the verification and commercial deployment of safe AVs, funding of public research on the RSS model, contributing to draft standards and participation in key committees and working groups in designated stan...

Major Suppliers  Updated at: 2025/04/26

nau site’s heat requirements for production. It will generate around 15% of the renewable heat, around 15,000 MWh, which will be supplied to Stadtwerke Hanau to heat the city. It will have a capacity of 16 MWh and deliver up to 24 tons of process steam per hour. The project, which is supported by funding from the German Federal Ministry for Economic Affairs and Climate Action, is scheduled for commercial operation by mid-2028. It aligns with Go...

Major Suppliers  Updated at: 2025/04/25

a new joint venture with the Stronach Trust. Under the terms of the Magna E-Car joint venture, Magna indirectly holds a 73-percent equity interest and the Stronach Trust holds a 27-percent equity interest in the new vehicle electrification joint venture. In August 2009 Magna was selected to receive funding from the American Reinvestment and Recovery Act announced by the Department of Energy to support electric-drive vehicle components manufacturi...

Major Suppliers  Updated at: 2025/04/25

xpected to begin in 2019. (From a press release on March 5, 2018) Benteler announced that it is implementing the EU project BOOST 4.0 at the company's plant An der Talle, Paderborn. This project is one of ten pan-European pilot projects for Big Data. To implement this project, Benteler will receive funding from the European Commission to foster the topic of Big Data with a focus on predictive maintenance. Benteler's partner in this project is the...

Major Suppliers  Updated at: 2025/04/25

will begin trading on Nasdaq Stockholm as an independent company. Prior to the spin-off and as previously announced, Autoliv made cash contributions to Veoneer so that Veoneer has total cash liquidity of approximately USD 1 billion. Autoliv funded the contribution through a mixture of new external funding and existing cash. (From a press release on July 2, 2018) Autoliv, Inc. announced that it joined the new European H2020 research project OSCCA...

Major Suppliers  Updated at: 2025/04/24

investing USD 500 million in electrification through eMobility division Eaton localizes production of locking differentials in Brazil Eaton’s plant in Jining, Shandong to launch production in December 2018 Shaanxi Fast Gear and Eaton to build joint compact transmission plant Eaton wins government funding for new engine valve train actuation system Eaton shows latest emissions, eMobility technologies to U.S. EPA Eaton contributes leading-edge te...

Major Suppliers  Updated at: 2025/04/23

nditions, multiple scenarios, and different platforms. (From a press release dated October 24, 2024) Divestitures Reduced Motional JV equity-The Company has agreed to reduce its share in its self-driving joint venture, Motional, with Hyundai Motor agreeing to provide USD 475 million in additional funding to Motional in Q2, and eliminating any requirements for additional future funding from the Company. Hyundai will acquire 11% of Motional's com...

Major Suppliers  Updated at: 2025/04/23

Original Equipment Solutions, and Industrial Solutions EMEA business areas.  Investments outside Germany -The Romanian government signed financing contracts with the Company, Bosch, and NXP, under the National Recovery and Resilience Plan (PNRR), for the development of microelectronics. The total funding of the 3 projects, both directly to the companies and the indirect partners, amounts to EUR 420 million. Continental Automotive Romania SRL re...

Major Suppliers  Updated at: 2025/04/22

month, the new Navdy product is the world's first aftermarket heads-up driving (HUD) device that projects both mobile application information and car data information directly over the road, allowing drivers to look forward while staying connected. With the strategic investment from Harman, Navdy's funding total has reached USD 42 million, which includes investments from Qualcomm, Upfront, Promus, Ludlow and others. (From a press release on Decem...

Major Suppliers  Updated at: 2025/04/15

n ZF to achieve 30% of sales in Asia-Pacific in 2030, focusing on electric drives and connectivity ZF plans to expand Anting plant to increase EPS production capacity ZF Commercial Vehicle Control Systems, India updates about capacity expansion StradVision announces close of USD 88 million Series C funding round ZF presents new digital fleet orchestration platform SCALAR ahead of IAA Transportation 2022 ZF expands Zhangjiagang base ZF completes p...

Major Suppliers  Updated at: 2025/04/11

Linamar Corp press release dated May 30, 2023) Linamar Corp. announced that it is raising CAD 550,000,000 through the sale of senior unsecured notes due June30, 2033 by way of a private placement. Linamar intends to use the proceeds of the sale of the notes for general corporate purposes, including funding of the previously announced purchase of DuraShiloh’s battery enclosures business. The acquisition of Dura Shiloh’s battery enclosures busi...

Major Suppliers  Updated at: 2025/04/09

losed-track testing and real-world fleet testing, including at the American Center for Mobility in Ypsilanti, Michigan. The project is expected to start in October and last for 27 months. The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy provided USD 1.99 million in funding for the project. (From a press release on October 22, 2020) BorgWarner announced it has developed an upgraded version of its S410 turbocharger...

Major Suppliers  Updated at: 2025/04/02

nneco expects to complete the closure in the fourth quarter 2010. (From a press release on September 22, 2009)  Tenneco announced that it has been awarded a 24 million USD loan as part of the U.S. Department of Energy (DOE)'s Advanced Technology Vehicles Manufacturing (ATVM) Incentive Program. The funding will be applied to the development and production of emission control products designed to achieve environmental and fuel efficiency objective...

Major Suppliers  Updated at: 2025/03/26