ous 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 included increased distribution and administ...

Major Suppliers  Updated at: 2025/05/29

ical shock tests, mechanical vibration tests, electromagnetic compatibility (EMC) tests, and ESD tests. (From a press release dated September 23, 2021) Vitesco Technologies announced its successful market debut with the start of trading of its shares on the Frankfurt Stock Exchange. The first share price was quoted at EUR 59.80. With the completion of the spin-off, Vitesco Technologies, the former Powertrain business area of Continental AG, has b...

Major Suppliers  Updated at: 2025/05/29

es into account aspects such as freedom from pollutants and the energy balance during development work. Brose takes a look at the entire supply chain. The company also requires its suppliers to adhere to high sustainability standards. When placing orders, the supplier evaluates not only quality and price, but also the systematic focus on sustainable principles. (From a press release on August 18, 2021) Brose Fahrzeugteile SE & Co. KG announced th...

Major Suppliers  Updated at: 2025/05/28

ontrols and the closure of a large mine), and its selective strategy of focusing on high-value segments that leverage the full value of its innovations and technologies. The negative currency exchange effects further impacted results. These decreases were offset by a 2.0% increase from the positive price-mix effect, reflecting a focus on high-value products, such as MICHELIN brand tires, and 18-inch and larger passenger car tires, as well as the ...

Major Suppliers  Updated at: 2025/05/27

ring liabilities. Daido Metal will invest a total of JPY 17.5 billion by FY 2027 in the fields of ships, power generators, electric vehicles, and IT strategy. The company has also incorporated delays in electrification of vehicles into the new plan, and aims to generate profits to improve its stock price and dividend levels, according to the company’s Chairman and CEO Seigo Hanji. (From an article in the Nikkan Jidosha Shimbun on May 15, 2025) ...

Major Suppliers  Updated at: 2025/05/20

and FCEVs). In 2024, global NEV sales reached 17.63 million units, up 26.1% year-over-year (y/y). Global battery consumption reached 894.4 GWh, increasing by 27.2% y/y. Operating income increased due to increased demand in the drive battery market, but this was partially offset by a decline in the prices of raw materials such as lithium carbonate, which led to a corresponding adjustment in the prices of the company's products. -In 2024, the comp...

Major Suppliers  Updated at: 2025/05/19

a Mexico-Now article on September 19, 2017) Key Safety Systems and Takata Corp. signed a definitive agreement under which KSS will acquire substantially all of Takata’s global assets and operations, except those related to phase-stabilized ammonium nitrate (PSAN) airbag inflators, for a purchase price of USD 1.588 billion (approximately JPY 175 billion). Takata’s PSAN-related operations will be run by reorganized Takata following the transac...

Major Suppliers  Updated at: 2025/05/17

charging infrastructure. (From a press release on April 17, 2019) Mahle informed that it anticipates a downward trend in the development of sales in 2019. This is due to the large number of uncertainties that still exist in the market, such as questions over tariffs and trade disputes, raw material prices, and the lack of clarity over Brexit. The necessary cost savings for 2019 and 2020 also require an adjustment to the personnel capacities in in...

Major Suppliers  Updated at: 2025/05/15

lemented by mid-2026. -(From a press release dated June 26, 2024) Completed sale of 50:50 joint venture BHTC to AUO Corporation Divestment targets Behr-Hella Thermocontrol (BHTC), 50:50 joint venture with MAHLE Behr GmbH & Co. KG, a subsidiary of Mahle GmbH (MAHLE) Buyer AUO Corporation Price EUR 600 million Details -MAHLE and the Company have signed an agreement to sell their 50:50 joint venture Behr-Hella Thermocontrol (BHTC) to ...

Major Suppliers  Updated at: 2025/05/15

lighter. This represents a weight saving of 3.7 kilograms compared with the same part made of sheet steel. A new technology combining a pultruded fiberglass and carbon fiber reinforcement overmolded with a thermoplastic resin makes it possible to achieve high levels of performance at a competitive price. The aim is to equip a first Hyundai vehicle with this new impact beam by 2017. (From a press release on March 9, 2015) Plastic Omnium announced...

Major Suppliers  Updated at: 2025/05/14

e fiscal year ended December 31, 2024, the Company had sales of EUR 4,190.7 million, a decrease of EUR 426.7 million or 9.2% from the previous year. The decrease was due to a global light vehicle production reduction of around 1.1% in the year caused by geopolitical tension, macro uncertainty, high prices and costs, and slow demand for electric vehicles. It was also driven by the negative foreign exchange effects, product life cycle, and the dive...

Major Suppliers  Updated at: 2025/05/13

Valeo to acquire Germany-based air conditioning system supplier Spheros Valeo Japan sets up testing area for autonomous driving technologies Valeo unveils its latest autonomous driving technologies at CES 2016 Guangzhou Valeo Engine Cooling inaugurates Wuhan Plant Valeo develops new, competitively priced ADAS sensor Valeo to commercialize electronic mirrors in 2018 Valeo to acquire German clutch manufacturer FTE automotive Ichikoh Industries se...

Major Suppliers  Updated at: 2025/05/12

start manufacturing and selling in Japan front-end modules and rear-end modules, which integrate vehicle lighting devices and exterior parts, as early as possible. (From an article in the Nikkan Jidosha Shimbun on Mar. 23, 2009) Faurecia S.A., France, plans to reinforce development of parts for low-priced vehicles, whose growth is expected in emerging markets including Asia. The company has supplied parts and components with largely limited costs...

Major Suppliers  Updated at: 2025/05/09

eased other expenses. Acquisitions Merger with Vitesco Technologies Group AG (notes listed in chronological order)-The Company announced an acquisition of an additional stake of 3.6 million shares or 9% in Vitesco Technologies Group AG, which was previously held by BofA Securities Europe S.A. The price of the additional shares acquired is lower than the consideration paid by the Company in the tender offer. This increases the Company’s shareh...

Major Suppliers  Updated at: 2025/05/09

Hulsbeck & Furst GmbH & Co. KG, Magna International Inc., MANN+HUMMEL GmbH, Superior Industries International, Inc., and Tenneco Inc. Autoneum Holding Ltd. and Dana Holding Corporation received Innovation awards from the automaker. (From a press release on March 10, 2016) Gestamp announced it would price its coming initial public offering (IPO) in the EUR 5.6 to EUR 6.7 per share range, valuing the company at EUR 3.54 billion (USD 3.8 billion) if...

Major Suppliers  Updated at: 2025/05/08

, slightly decreased by 0.8% from the previous year to USD 10,390 million. Excluding negative currency translation effects of 1.2%, the organic sales increased by 0.4% compared to the global light vehicle production (LVP) decrease of 1.2%. This increase was driven by new product launches and higher prices, partly offset by negative customer and model mix. 2) Operating Income-For the fiscal year ended December 31, 2024, the Company’s operating ...

Major Suppliers  Updated at: 2025/05/07

onics to transfer semiconductor back-end production business to J-Devices Renesas Electronics releases new power device for EV Renesas Electronics sets goal to increase operating profit margin to over 10 percent by FY 2016 Renesas establishes semiconductor subsidiary in India Renesas to develop low-priced system LSI for use in surround view monitoring systems Renesas chosen as partner for Audi's Progressive SemiConductor Program Renesas develops ...

Major Suppliers  Updated at: 2025/05/07

such as photomask blanks for EUV-exposed glass and glass substrates for LCD displays and the effect of favorable exchange rates. 2) Operating profit-Operating income fell 2.3% YoY to JPY 125.8 billion. This was a decrease of JPY 2.9 billion from the JPY 128.8 billion in the previous year.-Although prices of raw materials and fuel materials declined, the business was affected by lower shipments of automotive glass, mainly in Japan, and deteriorat...

Major Suppliers  Updated at: 2025/05/07

was finalized and signed on March 31, 2008. In addition to acquiring the Swiss parent company, ElringKlinger takes over the US-based subsidiary SEVEX North America, Inc., Buford, as well as SEVEX Asia, headquartered in Suzhou, China. Both parties have agreed not to disclose details of the purchase price. The closing of the takeover transaction is still subject to the usual provisos, in particular the receipt of official approval by the antitrust...

Major Suppliers  Updated at: 2025/05/06

aking into account the specificities of its processes and its investment cycles. Saint-Gobain is already committed to reducing its CO2 emissions by 20% between 2010 and 2025. Various programs and tools have also already been implemented in order to support this target, like for instance an internal price of carbon, one for investments and one for R&D projects, to drive business decisions towards low-carbon solutions. (From a press release on Sept...

Major Suppliers  Updated at: 2025/05/01