are not met. On September 19, it was announced that GM workers in São José dos Campos approved a wage agreement in a vote in which both shifts of the plant participated. The wage adjustment will be based on the INPC of 3.71%, while the Profit Sharing will be BRL 20,000 in 2025, corrected for the inflation of the following year. In addition, a Voluntary Dismissal Program requested by the workers will be opened. With the Voluntary Dismissal Prog...

OEM Plants  Updated at: 2025/05/31

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

Europe) Tire Pressure Monitoring System (TPMS) (for Europe) Tire Pressure Monitoring System (TPMS) (for North America, Europe, China) TPMS controller TPMS transmitter TPMS sensor (315MHz) TPMS sensor (433MHz) TPMS sensor （315MHz） TPMS sensor （433MHz） Tire pressure monitoring system ECU Tire inflation pressure sensor Direct tire pressure monitoring system Tire pressure monitoring system (snap-in sensor) Tire pressure monitoring system (cla...

Who Supplies Whom  Updated at: 2025/05/27

GLE and GLS sport utilities. Batteries powering the new EV will come from the Mercedes-Benz battery plant in nearby Woodstock. On September 25, Mercedes-Benz announced it has applied for tax breaks for potential projects at its plants in Tuscaloosa, Alabama and Charleston, South Carolina, under the Inflation Reduction Act. While the spokesperson did not comment on the proposed projects, sources have reported that Mercedes-Benz is looking to expan...

OEM Plants  Updated at: 2025/05/26

ober 17 in Campinas. Workers are asking for a 9.20% pay raise, but the company has only offered a 1.73% raise. On October 30, Chery announced that the month-long strike at its Jacarei plant in Brazil was resolved. The striking workers finally accepted the original proposal made by Chery for a 1.73% inflation adjustment. Chery was producing only its QQ model when the stoppage began, but is planning for the Tiggo2 SUV later in 2017. The month-long ...

OEM Plants  Updated at: 2025/05/24

cleared the House on May 22 with a 215-214 vote. It goes to the Senate next, and President Trump before becoming law. The bill’s main provisions include making parts of the 2017 Tax Cuts and Jobs Act permanent, but also eliminates tax credits for new, used and commercial EVs that were part of the Inflation Reduction Act of 2022. (multiple sources on May 23, 2025)...

News  Updated at: 2025/05/24

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

Tyre Pressure Monitoring Systems - Correction of terms. -A revision regarding the communication between the tractor and the trailer. AgreementregardingUNregulation 01 S1 2022/9 2022/11/25 2022/10/8 -A revision to provide requirements for Tyre Pressure Refill System (TPRS) as well as Central Tyre Inflation System (CTIS). -Addition of (a) transitional provision(s). 7 AgreementregardingUNregulation 148 00 S4 2022/37 2022/11/25 2022/10/8 Light S...

Regulations  Updated at: 2025/05/23

le high-interest rates and fading consumer hopes for thereturn of Western brands contributed to postponed purchases, prompting calls for stateintervention to support the auto industry. LV sales in Turkey continue to thrive, with consumerscontinuing to turn to vehicles as a safeguard against rampant inflation. China In April, Chinese LV sales are estimated to have grown by 12%, YoY, to around 2.1 mn vehicles. Inparticular, PV sales reached 1.8 m...

Market & Tech Reports  Updated at: 2025/05/21

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

nt in Alabama and the ongoing supply chain issues, the Mazda/Toyota JV plant is currently operating on only one shift. A second shift was slated to begin before the end of 2022, but this has been delayed indefinitely. Mazda has the capacity to build 150,000 vehicles at this plant. Historically high inflation and interest rates are causing many drivers to delay or purchase a lower-priced vehicle. The CX-50 is the only Mazda currently produced at t...

OEM Plants  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

ated revenues for FY2024 decreased by 0.4% year-on-year (YoY) to JPY 12,633.2 billion. Operating profit declined by 87.7%  to JPY 69.8 billion, while net loss for the period was JPY 670.9 billion. Operating profit fell sharply due to a decrease in sales volume, an increase in sales incentives, and inflation. The company recorded an extraordinary loss of JPY 623.8 billion, including impairment losses and restructuring costs. Global retail vehicle...

News  Updated at: 2025/05/14

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

finiti brand names. USD 500 million is being invested toward this end. On October 16, Nissan USA announced that it has been able to certify that 2024 LEAF vehicles produced in the U.S. will qualify for part of the U.S. federal EV tax credit by meeting the “battery component” requirements of the Inflation Reduction Act (IRA) of 2022. Now qualifying for the USD 3,750 tax credit, the LEAF and its AESC-supplied battery are assembled in Smyrna, Te...

OEM Plants  Updated at: 2025/05/14

ectric midsize SUV, at its plant in the US state of Georgia from 2024. At a conference call with analysts on 5th, the automaking unit of Hyundai Motor Group said it will convert part of its Georgia plant to an electric vehicle production line to build the EV9. The move is Kia’s response to the US Inflation Reduction Act, signed into law in August. Meanwhile, Hyundai Motor said the company will start producing the Electrified GV70, the latest mo...

OEM Plants  Updated at: 2025/05/14

or the USD 7,500 federal government clean-vehicle tax incentive after having temporarily lost eligibility following changed requirements at the start of 2024.The U.S. Treasury Department and Internal Revenues Services in December released guidance to clarify rules around eligible vehicles under the Inflation Reduction Act that disqualified EVs with a specific foreign-sourced battery content, affecting also the Chevrolet Blazer EV. Cadillac has re...

OEM Plants  Updated at: 2025/05/14

he first three months of 2025, with major markets such as Germany, Italy, and France all recording negative growth. The recovery seen in 2023 has stalled and the region is now experiencing a downturn. Economic conditions are a major factor behind the decline. Eurozone GDP remains sluggish, and high inflation persists, leaving the European Central Bank (ECB) facing increasing uncertainty regarding its monetary policy and decision to cut interest r...

News  Updated at: 2025/05/08