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.
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.
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 ...
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...
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...
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...
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.
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...
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...