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Brembo brakes for all the 2024 Formula 1 grid, Auto News, ET Auto

Brembo Brakes: Brembo confirms the leadership in the Formula One World Championship ahead of the 2024 season, which starts on March 1 with the Bahrain Grand Prix.

Brembo-group , Formula-one , Brembo-brakes , P-racing , Oventry , Rembo-group , Rembo-carbon-discs , Uto-comp , Uto-component-industry ,

Magna International: Magna forecasts 2024 profit below estimates as EV makers cut production, ET Auto

Magna International: Auto parts suppliers have been hit by a slowdown in demand for EV parts, as automakers scale back investments and shift focus to higher-margin hybrid and gas-powered vehicles. The Aurora, Ontario-based company expects full-year profit in the range of USD 1.6 billion to USD 1.80 billion. Analysts on average were expecting a profit of USD 1.90 billion, according to LSEG data.

Magna-international , Orgwarner , Uto-components , Uto-component-industry , V-component , Uto-parts-supplier , Upply-chain ,

PM Modi to address Bharat Mobility expo on February 2; 800 exhibitors to participate, ET Auto

Bharat Mobility Expo: Specialised exhibitions such as auto show (including electric and hybrid vehicles), ACMA Automechanika, large-scale tyre exhibition, urban mobility solutions (two wheelers/e-bikes, drones), EV Infra Pavilion (including charging stations and battery swapping) and other energy sources like hydrogen in the mobility landscape would be showcased.

India , Bharat , Bharat-mobility , Bharat-mobility-expo , Ems , Arendra-modi , V-infrastructure , V-charging-stations , Harging-stations , Uto-components , Uto-component-industry

UAW strikes tentative deal with auto parts maker Allison Transmission, ET Auto

Uaw Strike: The four-year contract guarantees a starting wage of USD 20 an hour for UAW employees and retroactive pay hikes until Nov. 15 last year, and two categories of bonus that amount to USD 7,000, the union said. "All bargaining unit employees with more than four years of seniority will immediately receive traditional pay, with a general wage increase on top of that," the UAW said, a reference to what it said was the 'schedule D top rate'.

Uaw-strike , Aw , Uto-parts-maker , Uto-components , Uto-component-industry , Llison-transmission ,

Continental opens new headquarters at Pferdeturm in Hanover, Germany, ET Auto

The new headquarters is one of the most sustainable office buildings in Europe. The building complex provides a new working environment for around 2,400 employees in Continental’s group functions and Tyres and ContiTech group sectors, the company said.

Lower-saxony , Niedersachsen , Germany , Hanover , Nikolai-setzer , Stephan-weil , Vahrenwalder-stra , Continental , Ew-headquarters , Ikolai-setzer , Uto-component

Uno Minda building land banks in TN, Pune and North India, Auto News, ET Auto

In order to set up additional capacities to meet the future demand, automotive ancillaries major Uno Minda Ltd is building land banks in different states, said a top company official.

India , Pune , Maharashtra , Uno-minda , Uno-minda-ltd , Uto-components , Uto-component-industry , Uto-component-maker , Irmalk-minda , Lectric-two-wheelers ,

Continental hikes car market forecast, warns on 2024 outlook, Auto News, ET Auto

The multinational auto parts manufacturer on Wednesday adjusted its expectations for sales growth in the autos market to 5-7%, from 3-5% previously. However, while it was too soon to set its own outlook, Continental said it shared S&P Global's forecast of just 1-3% growth in light vehicle sales next year.

United-states , Germany , America , Chief-financial-officer-katja-garcia-vila , Garcia-vila , North-america , Continental , S-ampp-global , Uto-parts-manufacturer , Uto-component-industry , Uto-component-maker

Pricol Q2 FY24 PAT at INR 33.15 cr, Auto News, ET Auto

Pricol: Revenue from operations of the company for Q2 FY24 was at INR 562.66 crore, up 12.31 % YoY, the company said.

Vikram-mohan , Managing-director , Pricol-limited , From-operations , Pricol , Uto-components , Uto-component-industry , Uto-component-maker , At , Bitda ,

Denso to invest USD 3.3 bn to bulk up chips business, Auto News, ET Auto

Denso, a Toyota group supplier and one of the world's 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.

Japan , Taiwan , Japanese , Shinnosuke-hayashi , Sony , Taiwan-semiconductor-manufacturing-co , Toyota , President-shinnosuke-hayashi , Japan-mobility , Japan-mobility-show-japanese , Japan-mobility-show , Denso

Auto parts maker Marelli suspends Italian plant closure, to seek potential buyers, ET Auto

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 Italy's automotive supply sector.

Italy , Italian , Marelli , Uto-component-maker , Uto-component-industry , Uto-parts , Kr , Lectric-mobility , Nternal-combustion-engines ,