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Pic: Lear Corporation
US’ Lear Corporation's Q1 FY23 sales surge 12% YoY to $5.8 bn

28th Apr 2023

Lear Corporation has reported 12 per cent YoY increase in sales to $5.8 billion in Q1 FY23. Adjusted EPS increased 54 per cent YoY to $2.78, while net income was $144 million. For FY23, the company anticipates net sales ranging between $21.2 billion and $22.2billion, with an expected core operating earnings of $875 million to $1.075 billion.

Pic: Ahlstrom
Finland’s Ahlstrom launches sustainable filter solutions

28th Apr 2023

Ahlstrom Eco's use of lignin-based impregnation in their filter media could have a significant impact on automotive industry's sustainability efforts. Lignin is a polymer found in plants that is typically considered a waste in papermaking processes. It will replace a non-renewable and environmentally harmful material with a bio-based, renewable one.

Pic: Autoneum
Switzerland’s Autoneum posts net income of CHF 10.9 mn in FY22

3rd Mar 2023

Autoneum, a Swiss-based leading acoustic and thermal management supplier for vehicles, has posted a net result of Swiss franc (CHF) 10.9 million in fiscal 2022 (FY22). The company’s revenue in local currencies increased by 8.5 per cent (6.5 per cent in Swiss francs). However, the company's EBIT fell compared to the previous year, declining from 3.4 per ...

Pic: Autoliv
Sweden’s Autoliv reports 7.4% increase in net sales in FY22

20th Feb 2023

Sweden’s Autoliv, a leading manufacturer of automotive safety systems, has reported a 7.4 per cent increase in net sales for fiscal 2022, with net sales amounting to $8,842 million. The company's gross profit decreased by $115 million to $1,396 million, and the gross margin decreased by 2.6 percentage points to 15.8 per cent, compared to the previous...

Pic: Autoneum
SBTi approves science-based targets of Switzerland’s Autoneum

11th Feb 2023

The Science Based Targets initiative (SBTi) has approved Switzerland-based Autoneum’s science-based emissions reduction targets. The validation by the SBTi is an important milestone in Autoneum’s efforts to reduce its direct and indirect greenhouse gas (GHG) emissions along the entire value chain. Autoneum is the leader in acoustic and thermal...

Pic: PRNewswire
US’ Lear named one of Fortune’s 2023 most admired companies

3rd Feb 2023

Lear has been named on Fortune magazine’s ‘World’s Most Admired Companies’ list for the seventh consecutive year. Lear was awarded the highest placement for any North America-based automotive supplier in the Motor Vehicles Parts Industry survey. Lear is an automotive technology leader in seating and e-systems, that enables superior in-vehicle...

Pic: Dieffenbacher
Switzerland’s Autoneum & Dieffenbacher unveil digitalisation platform

1st Feb 2023

Swiss company Autoneum operates five Dieffenbacher automotive component production lines at its Sevelen site. Together with Dieffenbacher, Autoneum has now extensively modernised one of the lines, a GMT/LFT-D line for glass-fibre-reinforced thermoplastics. One highlight of the project was the introduction of the new Evoris digitalisation platform.

Pic: Hexagon/Sumika Polymer Compounds
Hexagon, SPC Europe digitise compounds to cut carbon footprint by 60%

30th Jan 2023

Hexagon’s manufacturing intelligence division and Sumika Polymer Compounds Europe (SPC Europe), a leading manufacturer of thermoplastic compounds, have partnered to digitise the performance of new sustainable automotive-grade PP compounds, enabling engineers to design components that are more recyclable and offer a lower carbon footprint for future...

Pic: Autoneum
Swiss firm Autoneum’s revenue up 6.1% in 2022

23rd Jan 2023

Switzerland-based leading acoustic and thermal management supplier for vehicles Autoneum’s consolidated revenue increased by 6.1 per cent year-on-year (YoY) to 1,804.5 million Swiss francs (approximately $19.56 million) in 2022. The company’s revenue in local currencies increased significantly by 8.5 per cent, largely due to inflation-related...

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