st European locations Hyundai Transys and Algorigo to jointly develop seats for self-driving cars Brose reports future plans and new radar technology order Brose and Volkswagen to enter joint venture for seating system European Commission fines Brose and Kiekert in cartel settlement  Brose reveals transformation plans Brose to invest EUR one billion in next three years Brose and Volkswagen AG sign joint venture agreement Brose to expand Bamberg ...

Major Suppliers  Updated at: 2025/05/28

a fast-growing market where the Company maintained its competitive positions. Restructuring To close CHOLET and VANNES plants in France by 2026-The Company announced its 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 c...

Major Suppliers  Updated at: 2025/05/27

s of more than EUR 80 billion by 2029. -(From a press release dated September 16, 2024)   Product portfolio shift at Braga unit -The Company announced that its Braga unit in Portugal will gradually shift from infotainment systems to solutions such as on-board computers, cameras, and sensors. This transformation of the product portfolio is a part of the Company’s global strategic decisions in the mobility business sector to focus on sustainabl...

Major Suppliers  Updated at: 2025/05/23

efficiency.    Battery swap partner companies NIO CATL signed a strategic cooperation agreement with NIO for the establishment of the world’s largest battery swapping network and the unification of industrial technology standards. Under the agreement, the two companies, following the transformation and upgrade trends in the global automotive industry, will leverage their respective advantages such as technology, management, platfor...

Major Suppliers  Updated at: 2025/05/19

MAHLE GmbH Germany Arnd Franz (CEO and Chairman of the Management Board) -The Company is a leading supplier for future mobility, focusing on systems and components across all types of powertrains, filtration and thermal management systems, and electric and electronic components and systems. -With the automotive industry in the midst of transformation based on multiple advanced technology trends including electrification, the Company has issued ...

Major Suppliers  Updated at: 2025/05/15

n flow out of the headlamps. This consequentially avoids fogging in the lampshade. The project successfully transformed the idea to a real product by utilizing HELLA’s rich development resources in the area of lighting and electronics. It just took one hundred days to realize this idea-to-product transformation. During the incubation process, HELLA acts as both an investor and a participator, helping the team to reduce detours and increase the ...

Major Suppliers  Updated at: 2025/05/15

w Energies is now H2-Power, focusing on hydrogen solutions. Finally, Lighting and Modules remain unchanged. (From a press release dated April 23, 2024)Company name change to OPmobility-The Company officially changed its name to OPmobility. This confirms the acceleration of the Company’s strategic transformation as a leading player in sustainable and connected mobility. With five business groups as well as software dedicated activity, the Compan...

Major Suppliers  Updated at: 2025/05/14

to an increase. 2) EBITDA-The Company’s EBITDA in the fiscal year ended December 31, 2024, decreased by 4.1% from the previous year to EUR 315.0 million. The decline was primarily due to lower revenue, negative currency exchange effects, and higher restructuring costs related to the Company’s Transformation Plan, partially offset by the benefits of cost control initiatives and rightsizing linked to the plan. 3) Product Systems-Sales in the ...

Major Suppliers  Updated at: 2025/05/13

Valeo Group France Christophe Périllat (Chief Executive Officer and Director) -The Company designs, produces, and sells components, systems and modules for the automotive and commercial vehicle industries, focusing on cleaner, safer, and smarter mobility. Through its Move Up strategic plan, the Company is accelerating its transformation based on four megatrends in the automotive industry including increased electrification, more intuitive drivin...

Major Suppliers  Updated at: 2025/05/12

recia acquires majority stakes in CLD, China for hydrogen tanks Renault and Faurecia to collaborate on hydrogen storage systems Faurecia develops radiant panel solutions to improve thermal management Faurecia develops decorative lighting to advance safety Palantir and Faurecia partner for digital transformation and CO2 neutrality Faurecia to invest in the Bourgogne-Franche-Comté region, France Faurecia supplies multiple components for new DS...

Major Suppliers  Updated at: 2025/05/09

aeffler’s UniAir utilized on Jaguar Land Rover Ingenium Schaeffler invests USD 36.5 million to expand Fort Mill plant in South Carolina Schaeffler develops 3D surface sensor coating technology Schaeffler selected for Volkswagen Future Automotive Supply Tracks (FAST) program Schaeffler accelerates transformation for future mobility Schaeffler deep groove ball bearings to be equipped with a labyrinth sealing system Schaeffler to establish indepen...

Major Suppliers  Updated at: 2025/05/09

or Ram 1500 Nexteer Automotive to construct new test and validation facilities for EPS systems Nexteer Automotive to open customer service center in Troy, Michigan, USA Nexteer to establish global headquarters in greater Detroit area in USA Nexteer Automotive joins University of Michigan's Mobility Transformation Center Affiliates Program Nexteer steering system project settled in Changshu, Jiangsu Nexteer has produced 100 million electric power ...

Major Suppliers  Updated at: 2025/05/08

th the Company’s circular economy strategy that contributes to the decarbonization of the automotive industry across the entire supply chain and supports the long-term goal of the Net Zero Car. It will rely on Salzgitter Flachstahl’s SALCOS process (Salzgitter Low CO2 Steelmaking), which is the transformation program that will progressively convert steel production to hydrogen-based processes by 2026. It intends to achieve almost fully CO2-fr...

Major Suppliers  Updated at: 2025/05/08

, and the bottom part of A-pillars. (From an article in the Nikkan Jidosha Shimbun on April 12, 2019) Autoliv, Inc. announced that it participates in the Shanghai Automobile Industry Exhibition. With its superior products and advanced technologies, Autoliv demonstrates its capability of leading the transformation in safety as the auto industry shifts toward a connected and autonomous future. It brings its latest products and technologies to the S...

Major Suppliers  Updated at: 2025/05/07

les, features high power, high torque, and light weight (around 385kg) to unlock an increased e-drive efficiency of 96% and seamless, smooth shift. The CeTrax 2 serves as strong support for manufacturers of commercial vehicles based on conventional ICE vehicle architectures in rapid electrification transformation, with mass production kicking off in 2023. (From a ZF press release dated April 25, 2023) -Horizon Robotics announced that it will co...

Major Suppliers  Updated at: 2025/05/07

n Germany accounted for 22.7%, Europe (excluding Germany) 31%, North America 25.3%, Asia Pacific 15.3%, and South America and the rest of the world 5.7%.   Product Strategy -The Company focuses its development efforts on new products for a sustainable future, which are at the center of the current transformation in mobility, such as fuel cells, batteries, electric drive units, and structural lightweighting. -The Company is listed on XETRA and...

Major Suppliers  Updated at: 2025/05/06

n GKN to build advanced driveline production facility in Japan GKN to reveal new electrified driveline at IAA New GKN UK innovation centre to fast-track next-generation electric vehicle technologies GKN Driveline adapts motorsports technology for Jeep Grand Cherokee Trackhawk GKN announces business transformation program GKN Driveline order book for eDrive technologies hit a record GBP 2 billion GKN Driveline, U.K., to mutually supply 4WD compone...

Major Suppliers  Updated at: 2025/05/03

Additionally, it will affect additionally more than 500 non-production employees, of which around one-third of functions will be relocated to lower-cost countries. It is expected to deliver total savings of EUR 225 million by 2026. The Company also expects approximately EUR 40 million of additional transformation costs, due mostly in 2025. (From a press release dated November 7, 2024) Sell Passive Optical Components assets to Focuslight for EU...

Major Suppliers  Updated at: 2025/05/01

ween order backlog and delivery call-offs due to unpredictable customer order behavior.3) Vibracoustic-Sales in the Vibracoustic 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 ...

Major Suppliers  Updated at: 2025/04/26

et loss of USD 689 million in the previous year. The change in net income (loss) was primarily due to lower rationalization charges, higher segment operating income, lower impairment charges, and lower other expenses. These increases were partially offset by higher U.S. and Foreign Tax Expense.   Transformation plan -The Company announced a transformation plan, Goodyear Forward, on November 15, 2023, to optimize its products portfolio, deliver ...

Major Suppliers  Updated at: 2025/04/25