g markets, including China, India, ASEAN, and Africa regions Increase market share and improve market potential in North America Improve diversification across the Company’s business sectors -Through 2030, the Company aims to achieve an average annual sales growth between 6% and 8%, given normal inflation rates between 2% and 3%. The Company also aims to achieve an overall EBIT margin from operations between 7% and 7.5%. In the Mobility busine...

Major Suppliers  Updated at: 2025/05/29

lion in annual sales. Stojkovski said that because of all the new business the company has been awarded, that it expects its sales in the region to double, resulting in talks now with various states. Vitesco is comparing state and local incentives available to the company, incentives under the U.S. Inflation Reduction Act, and factors including skilled labor and access to wind and solar power. Due to uncertainty about the pace of electrification ...

Major Suppliers  Updated at: 2025/05/29

plan to close CHOLET and VANNES plants in France by 2026, affecting around 1,254 employees. The decision followed the structural transformation of the Passenger car & Light truck and Truck tire markets and worsening competitiveness of Europe. Both plants have been facing these challenges, including inflation and rising energy prices, for several years.-The CHOLET plant employs 955 people and mainly manufactures 17-inch and smaller Light truck tir...

Major Suppliers  Updated at: 2025/05/27

TI Automotive develops urea pump motor for heavy trucks TI Fluid Systems launches new lightweight Thermoplastic Refrigerant Lines for EVs TI Fluid Systems to expand with new E-Mobility Innovation Center in Auburn Hills, Michigan TI Fluid Systems supports North American customers with Inflation Reduction Act (IRA)-compliant battery production TI Fluid Systems’ Tangier plant in Morocco acquires Ford Q1 certification TI Fluid System...

Major Suppliers  Updated at: 2025/05/23

Mexico, South Carolina or Kentucky would be part of an expansion for CATL beyond China and serve OEM customers including Ford and BMW, people familiar with the process have said. But CATL has slowed the process of vetting sites for potential new plants since late August when the U.S. passed the new Inflation Reduction Act (IRA), imposing tough restrictions on the sourcing of material used in EV batteries. The IRA requires automakers to have 50% o...

Major Suppliers  Updated at: 2025/05/19

4)   Outlook -The Company expects the global production 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 organi...

Major Suppliers  Updated at: 2025/05/15

otive production growth, Operating margin of between 5% and 6% of revenue, and Free cash-flow generation in excess of EUR 260 million. The worldwide automotive market remains highly disrupted with trends differing from one region to another. The situation in Ukraine is accentuating the already high inflation and tensions on European supply chains, which continue to be impeded by the chip shortage. Supply chain disruptions continue to trigger decl...

Major Suppliers  Updated at: 2025/05/14

ustry partners such as Autoliv conduct R&D in collaboration with the test laboratory to improve the level of road and vehicle safety in Southeast Asia and worldwide. (From a press release on June 1, 2022) Autoliv, Inc. (Autoliv) announced that it has been negotiating with customers to offset higher inflation. Autoliv continues to work with customers to secure price increases to compensate for the higher inflations and supply chain issues. The com...

Major Suppliers  Updated at: 2025/05/07

Business Group for FY 2024 decreased by 1.6% from the previous year to EUR 2,634.7 million. This decrease was due to a global decline in vehicle production, delay in the transformation to BEVs, more intense competition, market share losses of Western OEMs, and supply chain disruptions. Adjusted for inflation, sales of passenger car solutions, particularly air springs in North America, grew, while commercial vehicle solutions declined due to portf...

Major Suppliers  Updated at: 2025/04/26

s have recently deployed road-friction detection capabilities in Canada through continuous measurement of tire sensor-derived information, which is paired with other vehicle data and connected to Goodyear's cloud-based. Goodyear SightLine technology is designed to measure the tire wear state, load, inflation pressure and temperature. It combines that with real-time road-weather data and proprietary rubber friction models to estimate the tire-road...

Major Suppliers  Updated at: 2025/04/25

nifold absolute pressure (MAP) sensor TPMS receiver Vacuum brake pressure sensor Differential and relative pressure sensor Battery management system (BMS) A/C pressure temperature sensor HVAC sensor Pressure sensor Exhaust gas temperature sensor Oil level sensor Air Conditioner pressure sensor Tire inflation pressure sensor...

Major Suppliers  Updated at: 2025/04/23

factors include negative foreign currency impacts, mainly related to the Chinese Yuan Renminbi. 2) Operating Income (Loss)-Operating income increased 18.2% YoY to USD 1.8 billion. This was a USD 283 million increase over the previous year's USD 1.6 billion.-Despite declines in volume and the global inflationary environment, the strong growth was driven by lower cost of sales and restructuring expenses. The increase was partially offset by increas...

Major Suppliers  Updated at: 2025/04/23

lopment of ContiConnect, its digital tire monitoring platform. The portfolio will be enhanced by a new solution that can be integrated into existing systems. This integrated solution provides the operators of truck fleets and bus companies with the proven transparency regarding temperature and tire inflation pressure in combination with additional vehicle data. The updates to ContiConnect are a highlight among the products and solutions that Cont...

Major Suppliers  Updated at: 2025/04/22

ghtyear One, combining its revolutionary lightweight ENLITEN and ologic technologies for the very first time. The technologies reduce weight through the use of fewer raw materials throughout the manufacturing process, while cutting rolling resistance through innovative tread, larger diameters, high inflation pressures and slim design. The very low rolling resistance of the tires also means Lightyear One can benefit from a lighter battery. (From a...

Major Suppliers  Updated at: 2025/04/18

roduced in Tennessee plant are expected to be primarily used by Ultium Cells, though LG Chem’s cathode materials may also be used by GM in other EV projects.  In Tennessee, LG Chem intends to utilize its local supply chain to ensure that customers can meet the EV subsidy criteria set by the U.S. Inflation Reduction Act (IRA). On December 2023, LG Chem commenced construction of the cathode plant in Tennessee with an annual production capacity o...

Major Suppliers  Updated at: 2025/04/17

etirement charges from both periods were $61 million or $0.60 per diluted share in 2007 and $104 million or $1.01 per diluted share in 2006. The year-to-year comparison was negatively impacted by difficult industry conditions, including lower North American customer vehicle production and commodity inflation, as well as an adverse mix of products sold and a higher tax rate between the two periods. (From a press release on May 2, 2007) The 2007 m...

Major Suppliers  Updated at: 2025/04/11

global automotive manufacturers during its Winter Test events in Arjeplog, Sweden, and the Upper Peninsula of Michigan. The tests demonstrated the high-performance capabilities of Dana's AdvanTEK torque-vectoring all-wheel drive system, Spicer Electrified e-drive gearbox, Spicer OpTiMa central tire inflation system (CTIS), and Spicer SmartConnect disconnecting all-wheel-drive technology. Driving over snow, ice, and rugged terrain, original-equipm...

Major Suppliers  Updated at: 2025/04/02

dem rear-drive axles Trailer axles -Brakes Air disc brakes Drum brakes Quadraulic disc brakes Wet disc brakes Heavy-duty hydraulic disc brakes Automatic slack adjusters Wheel ends -Automated transmissions Automated manual transmissions for on-road applications -Carriers-Drivelines-Meritor tire inflation systems-Precision forged gears-Trailer suspension systemsAccelera-Battery systems Battery packs Battery modules -Hydrogen fuel cells Liqu...

Major Suppliers  Updated at: 2025/03/18

li will continue the reduction of smaller sizes, but capturing opportunities linked to 17 inches and being able to rely on low cost production sources (Russia and Latam). The cost competitiveness program envisages gross efficiencies of EUR 510 million in the 2020- 2022 period, with an impact net of inflation of EUR million. The Commercial Development program is based on 5 key points, of which 3 are for growth in the High Value market and 2 for th...

Major Suppliers  Updated at: 2025/02/10

FY ended Dec. 31, 2022 Change (%) Sales 4,670.34 4,102.29 13.85 Operating income (191.55) (58.99) - Ordinary income (190.22) (54.22) - Net income (192.43) (68.79) - -Due to the impact of multiple factors such as the continued conflict between Russia and Ukraine, increased inflation in Germany, a weakening German economy, rising energy prices and rising interest rates, supply chain costs, labor and expenses of the German...

Major Suppliers  Updated at: 2025/01/03