UK: GKN highlights growth in all-wheel drive and hybrid system products
GKN Driveline says it is experiencing particularly strong growth for its all-wheel drive and hybrid vehicle products from its OEM customers.
Speaking exclusively to just-auto at the SMMT Annual Dinner earlier this week, Robert Rickell, GKN Driveline's Global Engineering Director, said that all-wheel drive system demand and volumes for GKN customers are continuing to grow strongly.
“There are incredible volumes for all-wheel drive vehicles in China,” he said. “It's an image thing in China, with premium makers selling well and the top models from VW, Audi, BMW, they are all-wheel drive vehicles and they have the content that we supply.”
He also said that GKN's driveline business for electrified vehicles is seeing significant growth, but noted that growth is mainly in systems for hybrid vehicles rather than pure electric vehicles.
“Pure electric is a lot slower than many people had anticipated,” he said. “It will come in time, but right now it is slow, with customers not accepting the fully electric vehicles. But there is a rapdily growing business for our hybrid products,” Rickell maintains.
He believes that strong growth ahead for hybrids will be driven by tighter European CO2 emission regulatory standards.
“As the 130g/km CO2 legislation comes in in Europe in 2015, that will drive hybrids very strongly because the only way for many OEMs to achieve that is by having hybrids in the fleet. And when 95g/km comes in in 2020, then it will only be possible by having substantial numbers of hybrids in the fleet. There will be a whole lot of hybrids and a major part of the European car market will be hybrids.”
As far as GKN Driveline's overall business is concerned, Rickell highlights strong demand in the Americas and Asia, contrasting with a mixed picture in Europe. He sees a broad contrast between north and southern Europe.
“The premium customers in Germany and northern Europe are doing quite well and our output to them is quite good. Southern Europe is much more difficult, when you look at OEMs such as Fiat and PSA. And car markets there are obviously very depressed,” he said.
More read-it-and-weep news for struggling European rivals from Volkswagen group this week as it chalked up another little milestone - selling over 3m vehicles in the first four months of a year....
This QUBE report from just-auto provides a comprehensive overview of the global 4WD and AWD sector, major suppliers, top 14 markets, technology trends and market size forecasts. Use this report to gai...
We live in strange times. As Fisker, a rival with supposedly superior range-extending technology falls apart, the value of Tesla rises yet again, this time by almost two percent on Wednesday to US$9.7...
After announcing an after-tax operating loss of A$141m for the 2012 financial year, following a A$290m loss in 2011, Ford has finally thrown in the manufacturing towel in Australia and will close its ...
Volkswagen Group sold 3.05m vehicles from January to April, boosting sales 5.6% year on year, and topping the 3m mark for the first time in the first four months of a year....
- What does 'Brexit' mean for the auto sector?
- Ford's future models and platforms
- The self-driving Volvo is getting closer
- And so Brexit begins - The Week That Was
- Arxan Technologies on cyber security - Q&A
- "No trade barriers" says FKG amid Brexit fallout
- Volkswagen scandal - Porsche plunges into the red
- Aston Martin lost GBP127.9m in 2015
- VDA warns against post-Brexit customs barriers
- Shocked CLEPA to discuss Brexit in Madrid
- Jaguar Land Rover: Adapting the original SUV & turning middle class Britishness into a business asset
- Tesla Motors, Inc. - Strategy and SWOT Report
- Automotive Megatrends
- PLDB - vehicle cycle plan database (12-month membership)
- Global light vehicle instrumentation and cockpits market - forecasts to 2030