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UPDATED - Daily automotive coronavirus briefing FREE TO READ

10 August 2020 | Graeme Roberts

UPDATED - Daily automotive coronavirus briefing FREE TO READ Graeme Roberts A daily update of news and views on the COVID-19 coronavirus crisis and its impact on the automotive sector ... read more


Volkswagen picks Ferodo brake pads for 2020 Golf Eight

10 August 2020 | Graeme Roberts

Volkswagen picks Ferodo brake pads for 2020 Golf Eight Graeme Roberts Volkswagen has selected Ferodo disc brake pads as original equipment (OE) for 2020 Volkswagen Golf VIII hatchbacks. The... read more


Magna books substantial losses

10 August 2020 | Graeme Roberts

Magna books substantial losses Graeme Roberts Magna International reported financial results for the second quarter and first half ended 30 June, 2020 with significant operating losses, as expected. ... read more


BASF and Toyota collaborate for lightweighting success on 2021 Sienna

10 August 2020 | Dave Leggett

BASF and Toyota collaborate for lightweighting success on 2021 Sienna Dave Leggett BASF and Toyota Motor North America Research & Development say they have achieved lightweighting success with th... read more


ZF first-half sales down 27% to EUR13.5bn

7 August 2020 | Simon Warburton

ZF first-half sales down 27% to EUR13.5bn Simon Warburton ZF has recorded first-half sales down 27% to EUR13.5bn (US$16bn) as the supplier reacts to conditions created by the global pandemic. ... read more


Tenneco posts Q2 net loss of US$350m

7 August 2020 | Simon Warburton

Tenneco posts Q2 net loss of US$350m Simon Warburton Tenneco has reported a second-quarter net loss of US$350m, while revenue fell from US$4.5bn to US$2.6bn. "The business impact from the pandem... read more


Adient books Q3 net loss, sees Q4 recovery

6 August 2020 | Graeme Roberts

Adient books Q3 net loss, sees Q4 recovery Graeme Roberts Seating supplier Adient has announced a Q3 net loss of $325m and a loss of $3.46 per share. Adjusted EBITDA was a loss of $122m, do... read more


BorgWarner posts Q2 net loss of US$98m

6 August 2020 | Simon Warburton

BorgWarner posts Q2 net loss of US$98m Simon Warburton BorgWarner has recorded a second-quarter net loss of US$98m, while sales fell 44% to US$1.43bn. For the first six months of 2020, net sales... read more


Delphi Technologies records Q2 operating loss of US$60m

6 August 2020 | Simon Warburton

Delphi Technologies records Q2 operating loss of US$60m Simon Warburton Delphi Technologies has posted a second-quarter operating loss of US$60m, compared to an operating income of US$56m in the prev... read more


Mann+Hummel ends Ludwigsburg production

6 August 2020 | Simon Warburton

Mann+Hummel ends Ludwigsburg production Simon Warburton Mann+Hummel Group says its Ludwigsburg plant will no longer be accepting any new production orders. Existing production activities will be... read more


Modine names Mick Lucareli as interim CEO

6 August 2020 | Simon Warburton

Modine names Mick Lucareli as interim CEO Simon Warburton Modine has named company VP Finance and CFO, Mick Lucareli as interim president and CEO, effective 4 August after Thomas Burke stepped d... read more


Daimler, CATL, advance partnership

5 August 2020 | Graeme Roberts

Daimler, CATL, advance partnership Graeme Roberts Mercedes-Benz and CATL (Contemporary Amperex Technology Limited) have entered the next stage of their strategic partnership and will develop battery ... read more


Continental posts Q2 net income loss of EUR741m

5 August 2020 | Simon Warburton

Continental posts Q2 net income loss of EUR741m Simon Warburton Continental has reported a second-quarter net income loss of EUR741m (US$879m), compared to plus EUR485m the previous year. Sales ... read more


ZalaZone selects AB Dynamics for Hungary test equipment

5 August 2020 | Simon Warburton

ZalaZone selects AB Dynamics for Hungary test equipment Simon Warburton ZalaZone test facility in Zalaegerszeg, Hungary, has selected AB Dynamics as the exclusive supplier of automotive testing equip... read more


Schaeffler records H1 revenue down to EUR5.57bn

5 August 2020 | Simon Warburton

Schaeffler records H1 revenue down to EUR5.57bn Simon Warburton Schaeffler has posted first-half revenue down to EUR5.57bn (US$6.55bn), from EUR7.23bn the previous year. As a result of lower dem... read more


Lear/Gentherm unveil INTU thermal comfort seating

5 August 2020 | Simon Warburton

Lear/Gentherm unveil INTU thermal comfort seating Simon Warburton Lear has unveiled INTU Thermal Comfort with ClimateSense technology, developed in collaboration with Gentherm. The system a... read more


Gentherm records Q2 revenue down 44% to US$136m

5 August 2020 | Simon Warburton

Gentherm records Q2 revenue down 44% to US$136m Simon Warburton Gentherm has posted second-quarter product revenue down 44% to US$136.1m. "I am proud of the team for their strong execution ... read more


Mahle to expand Tennessee operations with 300 new jobs

5 August 2020 | Simon Warburton

Mahle to expand Tennessee operations with 300 new jobs Simon Warburton Tennessee's Department of Economic and Community Development commissioner, Bob Rolfe says Mahle will expand its operations i... read more


Denso opens Pittsburgh Innovation Lab

5 August 2020 | Simon Warburton

Denso opens Pittsburgh Innovation Lab Simon Warburton Denso has established the Pittsburgh Innovation Lab, a new US R&D centre designed to strengthen open innovation and enhance technology develo... read more


Lear records Q2 net loss of US$294m

4 August 2020 | Simon Warburton

Lear records Q2 net loss of US$294m Simon Warburton Lear has posted a second-quarter net loss of US$294m, while sales fell to US$2.4bn from US$5bn. "The second quarter of 2020 was one of th... read more


Bridgestone appoints Charlie Rule as Latin America president

4 August 2020 | Simon Warburton

Bridgestone appoints Charlie Rule as Latin America president Simon Warburton Bridgestone Americas has appointed Charlie Rule as Bridgestone Americas Tire Operations Latin America (BATO LA),... read more


Cooper Tire posts Q2 net loss of US$6m

4 August 2020 | Simon Warburton

Cooper Tire posts Q2 net loss of US$6m Simon Warburton Cooper Tire has reported a second-quarter net loss of US$6m, compared with net income of US$9m for the same period last year. Global u... read more


Hankook Tire records Q2 operating profit of US$57m

4 August 2020 | Simon Warburton

Hankook Tire records Q2 operating profit of US$57m Simon Warburton Hankook Tire has posted second-quarter operating profit down 37% to US$57.4m. "Despite the global economic downturn caused by t... read more


Hankook Tyre UK appoints Shane Kallaway as regional sales manager

3 August 2020 | Simon Warburton

Hankook Tyre UK appoints Shane Kallaway as regional sales manager Simon Warburton Hankook Tyre UK has appointed Shane Kallaway as regional sales manager for the South West, succeeding Richard Ettey, ... read more


Goodyear records Q2 net loss of US$696m

3 August 2020 | Simon Warburton

Goodyear records Q2 net loss of US$696m Simon Warburton Goodyear has posted a second-quarter 2020 net loss of US$696m compared to net income of $54m a year ago. "Although our first-half results ... read more


Northvolt inks US$1.6bn debt raise

3 August 2020 | Simon Warburton

Northvolt inks US$1.6bn debt raise Simon Warburton Northvolt has signed a US$1.6bn debt raise provided by a consortium of commercial banks, pension funds and public financial institutions, increasing... read more


BluE Nexus and Toyota to strengthen sales structure

31 July 2020 | Graeme Roberts

BluE Nexus and Toyota to strengthen sales structure Graeme Roberts BluE Nexus and Toyota Motor said they would collaborate to prepare for the accelerated adoption of electrified vehicles by working t... read more


Aptiv posts second-quarter net loss of US$369m

31 July 2020 | Simon Warburton

Aptiv posts second-quarter net loss of US$369m Simon Warburton Aptiv has reported a second-quarter net loss of US$369m. Revenue fell 46% to US$2bn, which includes volume declines of 42% primaril... read more


Gestamp records H1 net income loss of EUR120m

31 July 2020 | Simon Warburton

Gestamp records H1 net income loss of EUR120m Simon Warburton Gestamp has posted a first half net income loss of EUR120m (US$142m), while the Spanish supplier adds activity levels at practically all ... read more


Garrett Motion Q2 net loss of US$9m

31 July 2020 | Simon Warburton

Garrett Motion Q2 net loss of US$9m Simon Warburton Garrett Motion has posted a second-quarter net loss of US$9m and net sales down 40.5% to US$477m. For the first-half of 2020, net sales t... read more


Dana posts Q2 net loss of US$174m

31 July 2020 | Simon Warburton

Dana posts Q2 net loss of US$174m Simon Warburton Dana has recorded a second-quarter net loss of US$174m and sales of US$1.08bn, down from US$2.3bn, driven by the effects of the global pand... read more


AAM supplies electric drive unit for Baojun E300 Plus

31 July 2020 | Simon Warburton

AAM supplies electric drive unit for Baojun E300 Plus Simon Warburton American Axle & Manufacturing says its electric drive technology is powering the all-electric Baojun E300 Plus from... read more


Garmin reports Q2 revenue down 9% to EUR870m

31 July 2020 | Simon Warburton

Garmin reports Q2 revenue down 9% to EUR870m Simon Warburton Garmin has recorded second-quarter revenue down 9% to EUR870m. "Garmin delivered strong second quarter financial results in a period ... read more


Denso Q1 consolidated revenue down 42% to US$7.1bn

31 July 2020 | Simon Warburton

Denso Q1 consolidated revenue down 42% to US$7.1bn Simon Warburton Denso has reported first-quarter consolidated revenue down 42% to US$7.1bn. Consolidated operating profit totalled (US$-989.6m)... read more


Schaeffler appoints Klaus Patzak as CFO

31 July 2020 | Simon Warburton

Schaeffler appoints Klaus Patzak as CFO Simon Warburton Schaeffler has appointed Klaus Patzak as a member of the board of managing directors and CFO, effective 1 August, 2020. Patzak will assume... read more


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