4, a decrease of 37.9% from the previous year. Its EBIT margin decreased from 5.3% in the previous year to 3.5%. The decrease in earnings was due to lower-than-expected sales volumes and an unfavorable product mix, which led to a reduced contribution margin that was insufficient to cover structural costs. Higher personnel expenses and price increases further impacted results, even though raw material costs declined. Other negative factors include...

Major Suppliers  Updated at: 2025/07/09

aims to achieve annual sales growth of 6–8% on average through 2030, with a normal inflation rate of 2–3%. Despite ongoing market challenges, it targets an improved EBIT margin of 7% in 2026. To remain successful amid changing markets and technologies, the Company plans to intensify efforts on cost management and structural optimization while focusing on profitable business areas.  R&D Facilities -The Company has three primary research and ...

Major Suppliers  Updated at: 2025/07/09

Wanxiang Qianchao Co., Ltd. China Chairman: Pin NI -The Company is a major Chinese supplier engaged in the development and manufacturing of automotive components, centering on universal joints. It manufactures products including universal joints, wheel hub units, bearings, automotive chassis and suspension systems, braking systems, transmissions, exhaust systems, and fuel tanks. -The Company supplies products to Merceded-Benz, BMW, Toyota, VW, GM...

Major Suppliers  Updated at: 2025/07/08

NXP Semiconductors N.V. Netherlands Kurt Sievers (President and CEO) -The company manufactures integrated circuits and discrete semiconductors through a combination of wholly owned manufacturing facilities, a manufacturing facility operated jointly with other semiconductor companies and third-party foundries and assembly and test subcontractors.-The Company supplies products in the automotive, industrial & IoT, mobile, and communication infrastr...

Major Suppliers  Updated at: 2025/07/04

.7 million. Negative currency translation effects further decreased sales by EUR 302.5 million, or 1.1%.2) Operating Income-In the fiscal year ended December 31, 2024, the Company’s operating income decreased by 2.7% compared to the previous year to EUR 1,400.0 million. The Company’s gains from cost efficiencies implemented during the fiscal year were offset by unfavorable business and geographic mix combined with a one-off loss of EUR 47 mil...

Major Suppliers  Updated at: 2025/07/02

Dec. 31, 2022 Overall 91 83 91 -The Company expects capital expenditures in 2025 to increase slightly as compared to 2024, primarily driven by higher investments for new product launches across its zero emission and turbo technologies. >>>Locations -As of December 31, 2024, the Company has 13 manufacturing sites, 5 research and development centers and 9 close-to-customer engineering sites.   North America Europe, Middle East & Africa So...

Major Suppliers  Updated at: 2025/07/02

ontrols for a range of vehicles.-The Company is organized into three divisions and one business area as follows: Purem by Eberspaecher: This division provides exhaust aftertreatment systems for vehicles, lowering emissions and noise. Climate Control Systems: This division focuses on developing and manufacturing thermal management solutions for vehicles. Automotive Controls: This division develops and provides electronics for energy and power man...

Major Suppliers  Updated at: 2025/06/26

Knorr-Bremse AG Germany Marc Llistosella (Chief Executive Officer) -The Company is a global market leader for developing and manufacturing braking systems and other subsystems for the commercial vehicle and rail industries.-The Company is organized into the following two divisions: Commercial Vehicle Systems Rail Vehicle Systems -The Commercial Vehicle Systems division develops and manufactures products and systems for trucks, buses, trailers, ...

Major Suppliers  Updated at: 2025/06/24

tsag, Hungary. Dec. 2005 Started the construction of a new facility of Gibbs-Dalian Die Casting Ltd. in Dalian, China Feb. 2008 Completed closure of the Harlingen, Texas plant. AAM honors top suppliers Continental and Schaeffler newly appoint 12 companies as premium suppliers American Axle & Manufacturing Holdings, Inc. announced its Supplier Recognition Award recipients, including:・ AAPICO Amata Co., Ltd. received recognition for its ax...

Major Suppliers  Updated at: 2025/06/11

ems business segment were EUR 307.3 million in 2024, compared to the previous year, a decrease of EUR 5.7 million (-1.8%), despite positive currency translation effects of EUR 0.3 million. This decrease was mainly due to the declining sales in the commercial vehicles market in Europe. Restructuring Cost adjustment initiatives-The Company announced new cost adjustment initiatives to further streamline operations and reduce overhead costs in respon...

Major Suppliers  Updated at: 2025/06/06

Grupo Antolin-Irausa, S.A. Spain Cristina Blanco (CEO) -The Company is a global leader in the design, development, manufacturing and supply of automotive interior components and systems.-As of December 31, 2024, the company organizes its activities around two business segments as follows: Business Segment Activities Product market share (reported by Company, based on sales in 2024) 1. Product Systems Headliners -Headliner substrates, modul...

Major Suppliers  Updated at: 2025/06/05

f a commercial vehicle validation and launch process. Ascend Elements uses a process called Hydro-to-Cathode direct precursor synthesis to manufacture Nickel Manganese Cobalt (NMC) precursor cathode active material (pCAM) and cathode active material (CAM) from used lithium-ion batteries and battery manufacturing scrap. The process produces battery cathode material with a 49% reduction in carbon emissions compared to traditional cathode manufactur...

Major Suppliers  Updated at: 2025/06/03

ar manufacturer. The order is worth in the low three-digit million-euro range. Production will start from 2026 to 2031. The Company will customize its current compact model of the EGR valve in the area of the connections for use in the manufacturer's commercial vehicle class. The valves will have a cost-effective, fail-safe design and long service life, which can withstand high thermal and mechanical loads. They will help reduce the combustion te...

Major Suppliers  Updated at: 2025/06/03

Schaeffler AG Germany Klaus Rosenfeld (CEO) -The Company is a global mobility and motion technology company focused on developing, manufacturing, and servicing components and systems including bearings, transmissions, gearboxes, dampers, sensors, ECUs, actuators, electronics, electric drive systems, energy generation systems, energy storage systems, and digital services for powertrain and chassis applications across various markets including the ...

Major Suppliers  Updated at: 2025/06/02

els Appliques Roof ditch moldings -Encapsulated glass-SafeSeal system with integrated proximity or tactile sensing-Stainless steel trim-Decorative foils-Polycarbonate hardcoat trim-FlushSeal systems that eliminate the gap between the glass and applique-Variable extrusion seals and films-Tex-A-Fib cost-efficient textile surface design-2K outer waist belts to form complex contours for aesthetic value-Agrifiber environmental seals-Frameless door s...

Major Suppliers  Updated at: 2025/06/02

nerated sales of around EUR 1.2 billion in China. The Company also recorded an operating loss of EUR 14 million and a net income loss of EUR 142 million for 2024. This negative result was primarily driven by declining global vehicle production volumes, worsening market conditions, and restructuring costs in all of the Company’s functional and business areas. Global vehicle production in 2024 fell by around 1 million compared to 2023 to 89.1 mil...

Major Suppliers  Updated at: 2025/06/02

avily affected the prior year. The adjusted operating EBIT margin also increased, driven by improved operational efficiency in the two divisions. This reflects the success of the part's restructuring and structural adjustment measures, the adjustments to the changed market conditions, and extensive cost-saving measures. Awards -The Company received several awards in 2024 as follows: 10 PPM Quality Award for the year 2023 from PACCAR Quality Cont...

Major Suppliers  Updated at: 2025/06/02

AAPICO Hitech Public Co., Ltd. Thailand Yeap Swee Chuan (President and CEO) -The Company is a leading automotive components supplier in Thailand that primarily focuses on the manufacturing of metal forming parts, plastic parts, casting parts, forging and machining parts, and tooling (Assembly jigs and stamping dies) for automotive OEMs. The Company also develops and provides digital maps for car navigation systems. -The Company is organized into ...

Major Suppliers  Updated at: 2025/05/30

mpany's sales increased by 4.2% 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 th...

Major Suppliers  Updated at: 2025/05/29

rope, Americas, Greater China, and Asia/Pacific. On a pro-forma basis for 2023, it is expected to have consolidated annual sales of around EUR 25 billion, employ around 120,000 people at over 250 locations, and have over 100 production facilities worldwide. This merger will also lead to revenue and cost synergies with an envisaged EBIT impact of EUR 600 million annually. The full synergy potential is expected to be reached for the first time in 2...

Major Suppliers  Updated at: 2025/05/29