Germany-based holding firm Mutares SE & Co. says it has successfully completed the acquisition of auto parts maker Cikautxo Rubber & Plastic Components (Kunshan) from Cikautxo S.COOP. The company will join the SFC Group, part of Amaneos, as a new…
Tag: automotive industry
Toyoda Gosei to dissolve UK subsidiary
Japanese auto parts maker Toyoda Gosei Co says it has made the decision to dissolve its subsidiary in the UK, Toyoda Gosei UK Ltd. (TGUK), as a part of its restructure of the company’s earnings in its European business. Toyoda…
Two strategies for mitigating auto industry’s semiconductor crisis – report
Among the key findings in Roland Berger’s recent study “Steering through the semiconductor crisis: A sustained structural disruption necessitates strategic responses by the automotive industry” is a global semiconductor shortage that is expected to last beyond 2022 for the automotive…
Automotive Industry: Plastics hit the ground running in the EV evolution
In transportation, electric vehicles (EVs) are a key to countries around the world achieving climate goals. But the heavyweight EVs are turning to plastics and composites to reducing the weight and meeting sustainability goals, says Angelica Buan in this article.…
Global exterior car accessories market to reach US$253bn by end of 2024
Owing to the rising trend of car customisation, the global exterior car accessories market is expected to grow at a healthy CAGR of 7.5% over the forecast period 2016-2024,reaching revenues of US$253.07 billion. The market is already projected to reach…