fiscal year ended December 31, 2023, have been restated accordingly to reflect this change. -More than 70% of the Company’s global sales come directly from OEM vehicle manufacturers. The remaining 30% of sales are generated through Tier 1 suppliers, distributors, and industrial OEMs for its PTFE assembly portfolio.Competitors-Dura-Ficosa-Knorr-Bremse-Kostal-ZF-Cooper Standard-Suprajit-Voss Automotive -The Company is listed on the Oslo Stock...

Major Suppliers  Updated at: 2025/06/06

ncluded in the Product Systems Business Unit (Doors and Hard Trim division), employs around 1,000 people, and has 1 production facility. -In December 2024, the Company completed the sale of its trunk trim business to Cosmos Group for EUR 31 million. The sale includes carve-outs of manufacturing and assembly business of trunk trim operations in Alabama (U.S.) and Silao (México), the factories in Kecskemet (Hungary) and Rastatt (Germany), and a te...

Major Suppliers  Updated at: 2025/06/05

nizational structure, comprised of four business areas divided further into several business groups: Business Area  Business Group Activities For the automotive market Seals and Vibration Control Technology Freudenberg Sealing Technologies -Sealing products and technologies for automotive and general industry applications.-Under the Corteco brand, it manufactures automotive aftermarket products. ● Freudenberg Flow Technologies -Industri...

Major Suppliers  Updated at: 2025/06/03

development. This new location will foster the development of electronic components for Kostal North America's four plants in Mexico. (Mexico Industry and Cluster Industrial press releases on March 6, 2024) New factory in Morocco-The Company announced that KOSTAL Morocco (KOMOR) inaugurated its new assembly plant in Tanger Automotive City (TAC) on January 16, 2024. It is located on a plot of 50,000 sqm and has an area of 12,500 sqm with the possi...

Major Suppliers  Updated at: 2025/06/03

maker Rheinmetall Automotive develops 90 kW electric drive and new battery pack ZYNP KS begins plant construction Pierburg develops a new fuel vapor pump Rheinmetall develops new generation of polymer bearings for hybrid engines Rheinmetall Automotive develops new generation of passenger car piston assembly Rheinmetall and Paravan enter global cooperation agreement Rheinmetall Automotive positioning itself in Southeast Asia Pierburg develops comp...

Major Suppliers  Updated at: 2025/06/03

ith Vitesco to create a new combined company under the same Company name Schaeffler AG. Following the conclusion of the public tender offer, the Company entered into a merger agreement with Vitesco in March 2024, following the approval of both companies’ Supervisory Boards. The Company’s Annual General Meeting approved the agreement of Vitesco on April 25, 2024. On October 1, 2024, the Company completed the merger with Vitesco. The new combin...

Major Suppliers  Updated at: 2025/06/02

Seal. The FlexiCore seal replaces traditional metal carriers with a recyclable, lightweight plastic made from 100% thermoplastic vulcanizate (TPV) and polypropylene (PP) materials. This innovation is fully recyclable, reduces seal weight by 44%, and offers exceptional flexibility, which facilitates assembly and reduces energy consumption during the manufacturing process. The seal is part of the Company’s commitment to sustainability and has bee...

Major Suppliers  Updated at: 2025/06/02

in four years. Brose develops door systems and window regulators for all Daimler's current vehicle models and supplies them from its plants in Sindelfingen and Rastatt (Germany), Kecskemet (Hungary), Beijing (China), Brits (South Africa) and Tuscaloosa (Alabama, USA) just-in-sequence direct to the assembly line of the local Mercedes-Benz car plant. More ramp-ups are planned for 2013 at the JIS plants in East London (South Africa) and Bremen (Ger...

Major Suppliers  Updated at: 2025/06/02

opens new technology center at its headquarters FCA US honors North American suppliers MANN+HUMMEL opens Internet of Things lab in Singapore BASF supplies Ultramid Endure for MANN+HUMMEL charge air ducts MANN+HUMMEL recognized by FCA as a 2016 Supplier of the Year Winner 110 suppliers recognized by General Motors MANN+HUMMEL receives 2016 Supplier of the Year from GM MANN+HUMMEL starts operations in Iran MANN+HUMMEL announces world premiere of th...

Major Suppliers  Updated at: 2025/06/02

y business in 2026. It increased production of components for electric cars by 50% in 2022. Besides, it expects sales of EUR 3 billion in 2026 from computers for driver assistance and infotainment alone. (Based on Bosch press release On September 4, 2023) Corporate Strategy Summary -The Company’s general financial goals are organized as follows: Achieve growth rates higher than the respective market Improve sales growth in emerging markets, in...

Major Suppliers  Updated at: 2025/05/29

from EUR 4,800 million in the previous year to EUR 5,000 million. Contracts Flush glazing solution for AITO M9-The Company revealed that its flush glazing solution is featured in the AITO M9, a collaboration between Seres and Huawei. The solution’s benefits include cost efficiency, design, simple assembly, and weight reduction. Launched in Europe and Asia already, the solution is preparing to make its debut in the US. (From Hutchinson social me...

Major Suppliers  Updated at: 2025/05/29

c motors which feature wave winding technology and offer over 200 kW of continuous output, fuel cell stacks with graphite and metal bipolar plates and a maximum output of 140 kW, and 800-volt power electronics based on silicon carbide semiconductors. Schaeffler will also display a heavy-duty e-axle assembly comprising two electric motors, a three-speed transmission, electromechanical actuator technology, silicon carbide power electronics, and ins...

Major Suppliers  Updated at: 2025/05/29

MICHELIN (Compagnie Generale des Etablissements Michelin S.C.A.) France Florent Menegaux (Chairman and CEO) -The Company is a market leader in designing and manufacturing tires for all types of vehicles, primarily focusing on passenger cars, light trucks, and commercial vehicles.-The Company is organized into the following three operating segments: Automotive tires, Two-wheel, and related distribution Road transportation tires and related distri...

Major Suppliers  Updated at: 2025/05/27

e and optimizing control of the pump motor performance based on the specific vehicle powertrain programming. The integrated ECU helps improve efficiency of the brushless fuel pump by matching electrical power to engine need and stopping fuel delivery during stop/start mode operation. The new module assembly will be introduced on five new Peugeot and Citroen vehicles in Europe. (From a press release on October 28, 2013) TI Automotive Limited annou...

Major Suppliers  Updated at: 2025/05/23

ichuan CATL and Tesla sign supply agreement on lithium-ion batteries CATL to invest CNY 10 billion for construction of lithium-ion battery manufacturing site CATL plans to attract up to CNY 20 billion investment to increase annual capacity of lithium-ion batteries Volvo Cars inaugurates new battery assembly line at Ghent manufacturing plant CATL establishes joint venture with Baicheng New Energy CATL and East to establish joint venture CATL and ...

Major Suppliers  Updated at: 2025/05/19

Sep. 1997 Filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. Oct. 1997 Signed a Memorandum of Understanding with Siemens Aktiengesellschaft, Automotive Systems Group to form a global strategic alliance for the worldwide research, development, engineering, assembly and marketing of motor vehicle occupant safety restraint systems. This strategic partnership will offer customers the Company's occupant safe...

Major Suppliers  Updated at: 2025/05/17

hich controls the temperature of the battery, vehicle cabin, powertrain, and power electronics. It can significantly increase the cruising range of electric cars by up to 20% and improve its charging speed. The Company’s modular design approach also enables smaller installation spaces and reduces assembly expenditures. One of the modules is particularly highly integrated, as it connects the refrigerant circuit with the coolant circuits. Both th...

Major Suppliers  Updated at: 2025/05/15

educed production volumes in the automotive market and the discontinuation of high-volume series production in China decreased sales in the segment.3) Electronics Segment sales-Sales in the Company's Electronics segment decreased by 2.3% from the previous to EUR 3,296 million, primarily due to the general downturn in the industry environment, postponements of new launches on the customer side, negative effects from the customer and product mix i...

Major Suppliers  Updated at: 2025/05/15

lease dated May 20, 2024)Smart Tailgate 2024 system-The Company presented the Smart Tailgate 2024 system, which has won the German Innovation Award. The Smart Tailgate is a single unit with advanced exterior body design using up to 50% recycled materials and debondable glue technology for easier disassembly. The system also integrates rear lighting, innovative decoration, a seamless screen and includes hidden sensors and antennas for safety, easi...

Major Suppliers  Updated at: 2025/05/14

production activities in Russia. Recent Developments First locally produced iBSG system launched in Brazil-The Company launched its iBSG as its first locally produced Belt Starter Generator (12V/48V) for flex-fuel engines in Brazil, marking its entry into the mild hybridization era. Sergio Noriega, General Manager of Valeo Powertrain Systems, highlighted this milestone as a step toward reducing CO2 emissions and democratizing automotive electrifi...

Major Suppliers  Updated at: 2025/05/12