Tag Archives: Automotive Sector

Continental Announces Plans for Automotive Sector Spin-Off by End of 2025

(IN BRIEF) Continental plans to spin off its Automotive group sector by the end of 2025, with preparations to be completed by the third quarter of 2025. The move is subject to approval from the Supervisory Board in March 2025 … Read the full press release

BASF and Mercedes-Benz Win Innovation Award for Advanced Automotive Foam Technology

(IN BRIEF) BASF and Mercedes-Benz have been awarded second place in the “Enabler Technology” category at the 2024 SPE Automotive Awards for their joint development of Ultramid® Expand polyamide particle foam. This innovative foam, part of the Mercedes-Benz VISION EQXX … Read the full press release

Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence

(IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. This acquisition strengthens Mutares’ SFC Group under Amaneos, enhancing its global presence in plastic-based systems … Read the full press release

Stellantis Pours €5.6 Billion into South America: A Game-Changer for the Region’s Automotive Sector

(IN BRIEF) Stellantis has unveiled an ambitious investment plan of €5.6 billion in South America, marking the largest ever investment in the region’s automotive industry. This substantial funding will span from 2025 to 2030 and will facilitate the introduction of … Read the full press release

Continental Announces Streamlining Measures to Enhance Competitiveness in Automotive Sector

(IN BRIEF) Continental, a leading automotive technology company, has unveiled a series of measures aimed at strengthening the competitiveness of its Automotive sector. The company plans to simplify and streamline its business and administrative structures, targeting an annual cost reduction … Read the full press release