suppliers News Updates

Bosch Mobility will be transferred out of the German parent company into a separate limited-liability company while remaining wholly owned by the Bosch group.

Bosch’s Mobility division, which manufacturers auto parts, was the main drag in the first half, with sales slipping and the unit’s margin dwindling.

ZF Friedrichshafen, a maker of components for BMW and Volkswagen, has seen its debt refinancing costs surge, showing how the German auto industry’s struggles are cascading through suppliers.

German auto parts supplier Webasto is kicking off negotiations for an overhaul under the aegis of a chief restructuring officer in response to the “ongoing crisis” in the automotive industry.

Leaders of commercial vehicle suppliers weighed in, during recent earnings calls, on challenges to the supply chain and related concerns.

Tier One supplier Dana Inc. invested more than $400 million over the past three years to get its electrification product portfolio in shape as it aims for a revenue target of $500 million from that by 2023.

It was crucial for commercial vehicle suppliers to be identified as essential while they tried to find their way through COVID-19 when it first spread a year ago and deepened afterward, an executive with a leading supplier trade group said.

Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.

Suppliers, service providers and truck makers unveiled alternative fuel-related initiatives in conjunction with the recent Advanced Clean Transportation Expo in Long Beach, Calif.