Manufacturing

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Seating supplier Adient announced Q4 net income and EPS of US$960m and $10.02, respectively thansk to one-time gains “from the strategic China transaction”). Adjusted EBITDA was $118m, down $169m year on year due to lower global vehicle production and related “temporary operating inefficiencies”. “Adient’s FY22 earnings and cash flow are expected to be pressured by

British company Altilium Group announced an agreement with Indo Mineral Research, a member of the Sebuku Group, one of Indonesia’s largest mining groups, to cooperate in the development and promotion of the DNi Process in Indonesia, the country with the world’s largest reserves of nickel. The two companies have agreed to commit financial, technical and

BorgWarner has named Sara Greenstein to its board of directors. Greenstein was president, CEO and a board member at Lydall, a manufacturer of engineered materials and specialty filtration products serving various sectors including automotive. She previously was SVP at United States Steel Corporation, where she managed the company’s $4bn consumer products business unit. Alexis Michas,

China’s Zhejiang Geely Automobile Group plans to enter the local electric heavy truck market by 2024, joining a growing number of electric vehicle (EV) makers to target this segment. The car maker’s Farizon Auto commercial vehicle unit unveiled a futuristic battery powered truck concept, the Homtruck, following similar moves by BYD Auto in September and

In the EV field, Tesla is widely seen as the leading driver of innovation. The company changed the face of the market with the launch of its 2012 Model S sedan, proving that EVs could offer reasonable range, excellent performance and be desirable to consumers, paving the way for the dozens of new EV models

Hyundai says Supernal means “of exceptional quality or extent” Supernal, an evolution of the Hyundai Motor Group’s Urban Air Mobility Division, is developing an eVTOL (electric vertical take off and landing) vehicle for 2028 entry-into-service and convening diverse stakeholders to ‘responsibly shape the Advanced Air Mobility market’. Hyundai said Supernal will use the company’s scaled

Catharina Modahl Nilsson Catharina Modahl Nilsson (58) will return to Traton to become the company’s Chief Technical Officer (CTO) with effect from January 1, 2022. She is succeeding Michael Grahe, who has been appointed to the Executive Board of Navistar to head Operations. Traton’s new CEO Christian Levin said: “I am very pleased that Catharina