26th Nov 2019
India's ministry of commerce and industry has initiated a sunset review of anti-dumping duty imposed on imports of nylon tyre cord fabric from China. The Association of Synthetic Fibre Industry, on behalf of SRF Ltd and Century Enka Ltd, had filed a review petition for continued imposition of the duty on imports of nylon tyre cord fabric from China.
25th Nov 2019
McLaren Automotive has acquired rights to the Elva name for its new Ultimate Series roadster, the McLaren Elva. It is the brand's first open-cockpit road car. The two-seater celebrates Bruce McLaren-designed 1960s McLaren-Elva sportscars that embody McLaren's pioneering design and engineering principles. Just 399 cars are being offered for customer...
16th Nov 2019
Asahi Kasei Advance Corp has established Asahi Kasei Advance Vietnam Corp in Hung Yen province near Hanoi, Vietnam. The new facility is expected to start in March 2020 and will manufacture sewing fabric for airbags. Entry into the airbag fabric sewing business marks an expansion of Asahi Kasei’s airbag-related business for greater earnings.
13th Nov 2019
Ford Motor is introducing technology to produce seamless seat covers with 3D knitting. Employing production techniques found in manufacture of running shoes, clothing and furniture, Ford is exploring the opportunity for customers to design their own seat covers, add bespoke touches such as pockets and padding, and use more breathable materials for...
8th Nov 2019
Autoneum has unveiled Hybrid-Acoustics PET - innovation for lighter, quieter and more environment-friendly vehicles. Components made of Hybrid-Acoustics PET use only PET, which is largely obtained from recycled fibres, providing environment-friendly mobility option. The innovation is based on a fibre material that acts both as insulator and absorber.
5th Nov 2019
Lear Corporation, a global automotive technology leader in seating and electrical & electronic systems, reported sales of $4.8 billion in Q3 2019, a decrease of 1 per cent compared to $4.9 billion in Q3 of 2018. The net income was $216 million and adjusted net income was $217 million, compared to $253 million and $269 million, respectively, in the...
31st Oct 2019
The board of directors of Autoneum has appointed Bernhard Wiehl, the long-standing head of finance and controlling of business group Europe, as Chief Financial Officer (CFO) and member of the group executive board with immediate effect. The previous CFO, Martin Zwyssig, has decided to leave Autoneum, a leading automotive supplier from Switzerland.
31st Oct 2019
Gurit Holding AG will close its automotive production site in Hungary in second half of 2020. The Switzerland-based company said it is in contact with the customers to re-assign the residual production orders to other suppliers. Shut-down cost is estimated at a low single digit million amount affecting the years 2019 and 2020, Gurit said.
15th Oct 2019
Henkel, a global provider of high-impact solutions based on adhesives, sealants and functional coatings, and Carbon Revolution, the Australian manufacturer of one-piece automotive carbon composite wheels, are working together to speed up development of OEM automotive one-piece carbon fibre wheels. These wheels can give up to 40 - 50 per cent weight...