Page 2 - Auto Component Maker News Today

Denso, a Toyota group supplier and one of the worlds largest makers of auto parts and components, has been ramping up its chip business in recent years, including by forging partnership deals to help it secure more semiconductors.

Zf Plant: The union said the strike by 190 workers was over after a tentative agreement had been ratified. Workers last month had rejected an earlier contract offer. ZF, which makes front axles used by Mercedes-Benz at its nearby Alabama plant, said last month the Tuscaloosa factory would operate while talks with the union continued.

Owned by private equity firm KKR, Marelli announced last month its intention to close down the facility, which produces components for internal combustion engines, arguing the business had become unsustainable due to the transition to electric mobility. The planned closure had intensified fears that the switch to electric cars could have a significant impact on the thousands of jobs in Italys automotive supply sector.

Read more about Strong order book, improving cash flows positive for Motherson Sumi on Business Standard. Further margin gains could be a key trigger for the stock