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Ramkrishna Forgings secures USD 13.16m contract from North America – ET Auto

Baua Electric

The company anticipates not only solidifying its presence in North America but also continuing its tradition of delivering high-quality automotive components that drive innovation and performance, the company said. million (INR 109.2 million (INR 109.2

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Auto supplier Forvia posts organic sales growth for Q1 on strong N.America – ET Auto

Baua Electric

European automotive supplier Forvia reported higher organic sales for the first-quarter on Thursday driven by strong North America, and said new awards from Chinese carmakers had boosted quarterly orders. The group, born from Faurecia’s takeover of Hella in 2022, reported sales of 6.53 billion euros (USD 6.98

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Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand – ET Auto

Baua Electric

Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. It now expects to report organic revenue growth for parts and services between 2.5% for 2024, down from its prior guidance of 3.5%

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production.

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Mercedes announces its new charging network, starting in North America

Teslarati

Mercedes has announced that it is starting an all-new charging network in North America via a partnership with Chargepoint. Now, Mercedes has announced it will do just that, starting with charging locations in North America. What do you think of the article? Do you have any comments, questions, or concerns?

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Sona Comstar opens plant in Mexico to meet N. American demand for BEV parts – ET Auto

Baua Electric

This move is to meet the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America, the company said. We aim to solidify our position as the preferred driveline solutions provider for automakers in North America by establishing our new manufacturing plant in Mexico.

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Sona Comstar to spend INR 1,200 crore to productionise EV orders – ET Auto

Baua Electric

Auto engineering company Sona Comstar is planning to invest INR 1,200 crore over the next three financial years to productionise its INR 22,600crore order book of which just under INR 18,000crore are EV segment orders. However, the Red Sea crisis has hit its margins by 0.35-0.4% EV growth is high priority for us,” he added.

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