Automotive industry company news
Given that wing mirrors add weight, cost and wind resistance to the car, it is not surprising that some automakers wish to eliminate them th...
The second part of this month’s briefing reviews just some of the supplier autonomous driving innovations that caught our eye in the consume...
I'm not long back from a fascinating week in Ontario, home to all of Canada's car assembly plants, major suppliers such as Magna and Linamar and a bunch of clever companies and academic boffins all working in what we might term the connected and automated car space.
There is much more to the IAA in Frankfurt than a dazzling array of new cars. At the world's biggest auto show, suppliers' stands bristled with lightweight innovations to help reduce emissions as well as improve driver safety, comfort and communications. Matthew Beecham caught-up with executives from some of the world's leading component suppliers. This first instalment summarises the main IAA technology messages from Tedrive Steering, Johnson Controls, Continental and Hella.
Continuing just-auto's series of research snapshots - pulled from its automotive research platform, QUBE - Matthew Beecham reviews some technical trends in the tyres sector and rolls out a few facts to memorize and amaze your friends.
Driver assistance systems use a combination of warnings and some degree of active intervention to help steer the driver away from trouble. While active intervention clearly holds many possibilities, it is also fraught with difficulty. Matthew Beecham considers the stage we have reached with three advanced driver assistance systems (ADAS): rearview cameras; autonomous emergency braking systems; and head-up displays (HUDs) in cars. This first instalment considers rearview cameras.
The main improvements in braking systems in recent years have come from electronic controls - ABS, to ESC to brake-by-wire. Continuing just-auto’s series of interviews with tier one suppliers, Matthew Beecham spoke to Felix Bietenbeck, Head of Business Unit Vehicle Dynamics and Dr. Sören Kirchner, Head of Segment Electronic Parking Brakes, both part of Continental's Chassis & Safety Division about trends in the electronic braking system market.
Continuing just-auto’s series of interviews with tier one suppliers, Matthew Beecham spoke to executives of Continental Automotive about next-generation sensors and market growth.
Automotive analysts estimate China needs "national champions" to speed consolidation of what is currently an extremely fragmented vehicle industry.
A Continental-supplied long range radar (advanced radar sensor, ARS 410) detects pedestrians at a distance of up to 170 metres. It is fitted as standard in the new VW Tiguan.
Continental aims to more than double component sales in China to EUR10bn by 2020, from EUR4.5bn in 2015, according to local reports quoting company executives.
Continental has said unpredictability in China will continue for some time as automakers and suppliers adjust to more modest levels of growth.
Volkswagen Group has presented the 2016 Volkswagen Group Award to its best suppliers in Berlin.
Continental will spend EUR12m to expand its electronic car parts factory in Timisoara by over 7,000 sq m, a local media report said. The work will be completed by the end of this year.
Continental has unveiled a project focusing on the detection zone of gestures on the steering wheel, using a time-of-flight sensor, which is integrated into the instrument cluster.
Continental said it had boosted first quarter 2016 sales by 3% year-on-year to EUR9.85bn. Net income rose 12% to EUR734m and earnings per share to EUR3.67 from EUR3.28.
Tata Motors' Jaguar Land Rover is now Britain's biggest vehicle producer with its 489,923 units built in 2015 (up from 449,507 in 2014) nudging ahead of Nissan's 476,589 (500,238).
Although Continental has posted third quarter net income up 28%, the results came in under analyst expectations on slower growth in China and ahead of the crucial winter tyre season.
Navistar and Continental Tyre have signed a letter of intent for a five year supply agreement for tyres for International brand medium-duty, severe service and heavy-duty trucks and all IC Bus brand school buses.
Privately controlled Schaeffler is gearing up for a public listing in Frankfurt. It said it will place up to 166 million new and existing non-voting common shares of Schaeffler AG with institutional investors and to list these shares on the Frankfurt Stock Exchange.
Continental has broken ground on the expansion of its Sumter factory, which will increase tyre production capacity from approximately 4m units planned for 2016 to 8m units and will more than double the current 700 jobs to 1,600. Tyres produced at the Sumter plant will help meet the increasing demand for Continental and General brand tyres from both aftermarket business and automotive manufacturers.
Continental is on track to achieve its 2015 profit forecast, finance chief Wolfgang Schaefer said.
Continental's CFO has told Bloomberg that after a pause for the remainder of 2015, automotive production in China should resume growth again in 2016. He also said that the latest stockmarket falls in China were an “overreaction”.
Continental has postponed further talks with Gifhorn plant union representatives on layoffs and cost cutting.
Schaeffler says its electro-mechanical active roll control has entered volume production, replacing the previous standard hydraulic stabilisers, which minimise rolling motion of the vehicle body when going around curves or during evasive manoeuvres.
Continental says it has supplied its integrated sensor module for Toyota’s safety system - 'Toyota Safety Sense C.'
Continental's Chassis & Safety and Tyre Divisions are partnering the Global NCAP 'Stop the Crash' information campaign, an initiative of Global NCAP, the London, UK-based umbrella body of the worldwide NCAP consumer organisations for new-car safety testing.
Volkswagen Group has nominated the first 44 suppliers who will be collaborating on a new common strategic level under the joint FAST (Future Automotive Supply Tracks) initiative.
Continental has raised its forecast for 2015 profitability on strong first half earnings results bolstered by lower raw material costs.
Continental and the Serbian Economy Ministry have inked an MoU to start a EUR17m (US$18.8m) plant in Subotica employing 500 staff.
Continental AG (Germany)
This report presents quick facts about Continental AG, which is principally involved in the Manufacture and Distribution of Automotives Systems and Rubber Tires....
Continental Aktiengesellschaft - Mergers & Acquisitions (M&A
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Continental Aktiengesellschaft (CON) - Financial and Strateg
Continental Aktiengesellschaft (Continental) is an automotive industry supplier that offers a wide range of brake systems, powertrains components, chassis, instrumentation, infotainment solutions, veh...
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