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SupplierBusiness
The European Automotive Supplier Report
2014 edition supplierbusiness.com
Regional Report
IHS Automotive
2014 edition 2 © 2014 IHS
IHS Automotive SupplierBusiness | The European Automotive Supplier Report
COPYRIGHT NOTICE AND LEGAL DISCLAIMER© 2014 IHS. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent, with the exception of any internal client distribution as may be permitted in the license agreement between client and IHS. Content reproduced or redistributed with IHS permission must display IHS legal notices and attributions of authorship. The information contained herein is from sources considered reliable but its accuracy and completeness are not warranted, nor are the opinions and analyses which are based upon it, and to the extent permitted by law, IHS shall not be liable for any errors or omissions or any loss, damage or expense incurred by reliance on information or any statement contained herein. For more information, please contact IHS at [email protected], +1 800 IHS CARE (from North American locations), or +44 (0) 1344 328 300 (from outside North America). All products, company names or other marks appearing in this publication are the trademarks and property of IHS or their respective owners.
IHS AutomotiveSupplierBusiness
ContentsChapter 1: Economics of the automotive industry in Europe ................................................................................... 9
Europe’s macroeconomic overview .......................................................................................................................... 9Note ............................................................................................................................................................................. 9Economic Review ....................................................................................................................................................... 10Economic Outlook ...................................................................................................................................................... 10
European light vehicle sales review and outlook .................................................................................................. 13Current Status ............................................................................................................................................................ 13Rising stars and meteors ............................................................................................................................................ 13Volume carmakers’ pricing wars ................................................................................................................................. 14Market launch strategy of volume carmakers ............................................................................................................. 14Other regions help ...................................................................................................................................................... 15Outlook and segmentation shifts ................................................................................................................................ 15Potential headwinds ................................................................................................................................................... 15Replacement demand ................................................................................................................................................ 16
European Light vehicle production review and outlook ...................................................................................... 17Boom-bust cycles and overcapacity ...........................................................................................................................17Structural changes ..................................................................................................................................................... 18FTAs: good or bad for Europe? .................................................................................................................................. 19Bright spots in Western Europe .................................................................................................................................. 21Europe at the forefront of global modular platform trend ............................................................................................ 21
Chapter 2: OEMs’ activity and supplier management ............................................................................................. 23Overview of European OEMs’ activity and supply base management .............................................................. 23
Similar issues, similar outcomes ................................................................................................................................. 23OEMs looking east ..................................................................................................................................................... 23
Chapter 3: OEM Overview ............................................................................................................................................ 27Volkswagen ................................................................................................................................................................. 27Renault-Nissan ........................................................................................................................................................... 28PSA – Peugeot Citroën .............................................................................................................................................. 29Ford ............................................................................................................................................................................. 31Daimler ........................................................................................................................................................................ 32BMW ............................................................................................................................................................................ 33General Motors .......................................................................................................................................................... 34Chrysler Fiat ............................................................................................................................................................... 36Hyundai-Kia ................................................................................................................................................................ 37AvtoVAZ ....................................................................................................................................................................... 38Other OEMs ................................................................................................................................................................ 38
Chapter 4: Recent developments and outlook for the European supply base ..................................................... 40Limited action on overcapacity ................................................................................................................................ 40
German supply base .................................................................................................................................................. 40French supply base .................................................................................................................................................... 42
2014 edition 3 © 2014 IHS
IHS Automotive SupplierBusiness | The European Automotive Supplier Report
UK supply base .......................................................................................................................................................... 42Spanish & Italian supply bases ................................................................................................................................... 42New patterns in the shift to east ................................................................................................................................. 43R&D being cautiously relocated .................................................................................................................................. 44Top-25 suppliers ........................................................................................................................................................ 44
Chapter 5: Financial review of European suppliers and M&A activity ................................................................... 47M&A Activity ............................................................................................................................................................... 48
Chapter 6: Supplier profiles ......................................................................................................................................... 50Aisin Seiki ................................................................................................................................................................... 50Alcoa ............................................................................................................................................................................ 52Alfa ............................................................................................................................................................................... 55Alfmeier ....................................................................................................................................................................... 57Allgaier ........................................................................................................................................................................ 58Alps Electric ............................................................................................................................................................... 60Amtek Auto ................................................................................................................................................................. 63A Raymond ................................................................................................................................................................. 65ArcellorMittal .............................................................................................................................................................. 68Asahi Glass ................................................................................................................................................................. 72Autoliv ......................................................................................................................................................................... 75
Manufacturing Plants.................................................................................................................................................. 81R&D Addresses .......................................................................................................................................................... 90Map ........................................................................................................................................................................... 91
BASF ............................................................................................................................................................................ 92Bayer ........................................................................................................................................................................... 98Behr ........................................................................................................................................................................... 103Bekaert ...................................................................................................................................................................... 108Benteler ......................................................................................................................................................................111
Manufacturing Plants.................................................................................................................................................114R&D Addresses ........................................................................................................................................................ 120Map ..........................................................................................................................................................................121
Bharat Forge ............................................................................................................................................................. 122Borbet ........................................................................................................................................................................ 124Borealis ..................................................................................................................................................................... 126Borgers ..................................................................................................................................................................... 131BorgWarner .............................................................................................................................................................. 133
Manufacturing Plants.................................................................................................................................................137Map ......................................................................................................................................................................... 138
Bosal .......................................................................................................................................................................... 139Bosch ........................................................................................................................................................................ 141
Manufacturing Plants................................................................................................................................................ 155R&D Addresses .........................................................................................................................................................171Map ..........................................................................................................................................................................175
Boysen ....................................................................................................................................................................... 176Brembo ...................................................................................................................................................................... 178Brose ......................................................................................................................................................................... 182Calsonic Kansei ....................................................................................................................................................... 186
Manufacturing Plasnts .............................................................................................................................................. 188R&D Addresses ........................................................................................................................................................ 189Map ......................................................................................................................................................................... 190
Carcoustics .............................................................................................................................................................. 191CIE Automotive ........................................................................................................................................................ 192Continental ............................................................................................................................................................... 195
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IHS Automotive SupplierBusiness | The European Automotive Supplier Report
Manufacturing Plasnts .............................................................................................................................................. 209R&D Addresses .........................................................................................................................................................241Map ......................................................................................................................................................................... 252
Cooper Standard ..................................................................................................................................................... 253CRH ........................................................................................................................................................................... 256Cummins ................................................................................................................................................................... 258Dana .......................................................................................................................................................................... 261
Manufacturing Plants................................................................................................................................................ 264Map ......................................................................................................................................................................... 265
Delphi ........................................................................................................................................................................ 266R&D Addresses ........................................................................................................................................................ 272
Dow Chemical .......................................................................................................................................................... 273Draxlmaier ................................................................................................................................................................ 276DuPont ...................................................................................................................................................................... 279Dura Automotive ...................................................................................................................................................... 282Eaton ......................................................................................................................................................................... 283Eberspächer ............................................................................................................................................................. 287Edscha....................................................................................................................................................................... 292Eisenwerk Bruhl ....................................................................................................................................................... 294ElringKlinger .............................................................................................................................................................296Emitec ....................................................................................................................................................................... 301Evonik ........................................................................................................................................................................ 303Exide Technologies .................................................................................................................................................308Faurecia .................................................................................................................................................................... 310
Manufacturing Plants.................................................................................................................................................317R&D Addresses ........................................................................................................................................................ 345Map ......................................................................................................................................................................... 348
Federal-Mogul .......................................................................................................................................................... 349Fiamm ........................................................................................................................................................................ 354Ficosa ........................................................................................................................................................................ 356Flextronics ................................................................................................................................................................360Freescale Semiconductor ....................................................................................................................................... 362Freudenberg ............................................................................................................................................................. 367Fritz Winter ............................................................................................................................................................... 373FS Fehrer ................................................................................................................................................................... 374Futuba ....................................................................................................................................................................... 376Gentex ....................................................................................................................................................................... 378Georg Fischer ...........................................................................................................................................................380Gestamp Corporation .............................................................................................................................................383Getrag .......................................................................................................................................................................386GKN ...........................................................................................................................................................................389
Manufacturing Plants................................................................................................................................................ 395R&D Addresses ........................................................................................................................................................ 409Map ..........................................................................................................................................................................410
Goodyear ...................................................................................................................................................................411Grammar ................................................................................................................................................................... 414Grupo Antolin ............................................................................................................................................................417GS Yuasa ................................................................................................................................................................... 420Guardian ................................................................................................................................................................... 423
Manufacturing Plants................................................................................................................................................ 425Map ......................................................................................................................................................................... 426
Haldex ....................................................................................................................................................................... 427Hankook Tire ............................................................................................................................................................430Harman ...................................................................................................................................................................... 432
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IHS Automotive SupplierBusiness | The European Automotive Supplier Report
HBPO ......................................................................................................................................................................... 435Hella ........................................................................................................................................................................... 437
Manufacturing Plants................................................................................................................................................ 443R&D Addresses ........................................................................................................................................................ 447Map ......................................................................................................................................................................... 448
Henkel ....................................................................................................................................................................... 449Henniges Automotive .............................................................................................................................................. 452Hirschmann .............................................................................................................................................................. 454Hirschvogel ............................................................................................................................................................... 455Hitachi ....................................................................................................................................................................... 457HOERBIGER ............................................................................................................................................................. 460Honeywell ................................................................................................................................................................. 463HP Pelzer .................................................................................................................................................................. 466Hutchinson ............................................................................................................................................................... 467Hydro Aluminium ..................................................................................................................................................... 468IAC ............................................................................................................................................................................. 472
Manufacturing Plants.................................................................................................................................................475R&D Addresses ........................................................................................................................................................ 487Map ......................................................................................................................................................................... 488
Ibiden ......................................................................................................................................................................... 489IEE .............................................................................................................................................................................. 491Inalfa .......................................................................................................................................................................... 493Inergy ........................................................................................................................................................................ 495Infinenon ................................................................................................................................................................... 497Isringhausen Europe ............................................................................................................................................... 502Johnson Controls .................................................................................................................................................... 504Johnson Electric ......................................................................................................................................................509JTEKT ........................................................................................................................................................................ 512
Manufacturing Plants.................................................................................................................................................514R&D Addresses .........................................................................................................................................................515Map ..........................................................................................................................................................................516
Keihin......................................................................................................................................................................... 517Kiekert ....................................................................................................................................................................... 519Knorr-Bremse .......................................................................................................................................................... 521
Manufacturing Plants................................................................................................................................................ 524R&D Addresses ........................................................................................................................................................ 530Map ......................................................................................................................................................................... 531
Koito .......................................................................................................................................................................... 532Kongsberg Automotive ........................................................................................................................................... 534Kostal ........................................................................................................................................................................538Kroschu ..................................................................................................................................................................... 540Kumho Tires ............................................................................................................................................................. 541KYB ............................................................................................................................................................................ 543Lear ............................................................................................................................................................................ 545
Manufacturing Plants................................................................................................................................................ 549R&D Addresses ........................................................................................................................................................ 551Map ......................................................................................................................................................................... 552
Lé Belier .................................................................................................................................................................... 553Leoni .......................................................................................................................................................................... 555Linamar ..................................................................................................................................................................... 561Magna ........................................................................................................................................................................ 563Magneti Marelli ........................................................................................................................................................568
Manufacturing Plants................................................................................................................................................ 573Map ......................................................................................................................................................................... 579
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IHS Automotive SupplierBusiness | The European Automotive Supplier Report
MAHLE ......................................................................................................................................................................580Manufacturing Plasnts .............................................................................................................................................. 585R&D Addresses ........................................................................................................................................................ 608Map ......................................................................................................................................................................... 609
MANN + HUMMEL .................................................................................................................................................... 610Maxwell Technologies ............................................................................................................................................. 614Mecaplast ................................................................................................................................................................. 616Meritor ....................................................................................................................................................................... 618Metaldyne ................................................................................................................................................................. 621Miba ........................................................................................................................................................................... 623Michelin ..................................................................................................................................................................... 625Micronas ................................................................................................................................................................... 631Mitsuba ..................................................................................................................................................................... 634Mitsubishi Electric ................................................................................................................................................... 636Molex ......................................................................................................................................................................... 639Mondragon ............................................................................................................................................................... 641Montupet ................................................................................................................................................................... 643Mubea ........................................................................................................................................................................ 645NGK Spark Plug ....................................................................................................................................................... 647NHK Spring ............................................................................................................................................................... 650Novem ....................................................................................................................................................................... 652NSK ............................................................................................................................................................................ 653NTN ............................................................................................................................................................................ 656NXP ............................................................................................................................................................................ 662Osram ........................................................................................................................................................................ 665Otto Fuchs ................................................................................................................................................................668Panasonic ................................................................................................................................................................. 669Parker Hanifin ........................................................................................................................................................... 673Philips ........................................................................................................................................................................ 675Pioneer ...................................................................................................................................................................... 677Pirelli ..........................................................................................................................................................................680PKC ............................................................................................................................................................................685Plastal ........................................................................................................................................................................ 687Plastic Omnium ........................................................................................................................................................689Polytec ...................................................................................................................................................................... 694Preh GmbH ............................................................................................................................................................... 697Prodrive ..................................................................................................................................................................... 699Promens .................................................................................................................................................................... 701Recital. ...................................................................................................................................................................... 703Rehau ........................................................................................................................................................................ 705Remy International .................................................................................................................................................. 707SABIC Innovative Plastics ...................................................................................................................................... 709Saint-Gobain ............................................................................................................................................................. 713Samvardhan Motherson Group .............................................................................................................................. 716Samvardhan Motherson Peguform ....................................................................................................................... 719Sanden ...................................................................................................................................................................... 721Schaeffler ................................................................................................................................................................. 723Scherdel .................................................................................................................................................................... 729Sifcor ......................................................................................................................................................................... 731SKF ............................................................................................................................................................................ 732Sogefi ........................................................................................................................................................................ 737Stadco ....................................................................................................................................................................... 740Stanleyt Electric ....................................................................................................................................................... 742Stoneridge ................................................................................................................................................................ 744
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IHS Automotive SupplierBusiness | The European Automotive Supplier Report
Sumitomo Electric ................................................................................................................................................... 747Takata ........................................................................................................................................................................ 749Tata Steel .................................................................................................................................................................. 752Teksid ........................................................................................................................................................................ 755Tenneco ..................................................................................................................................................................... 756Textron ...................................................................................................................................................................... 759ThyssenKrupp .......................................................................................................................................................... 761TI Automotive ........................................................................................................................................................... 766Timken ....................................................................................................................................................................... 769TMD Friction ............................................................................................................................................................. 771
Manufacturing Plants.................................................................................................................................................774Map ......................................................................................................................................................................... 776
Tomkins ..................................................................................................................................................................... 777Torotrak ..................................................................................................................................................................... 780Tower International .................................................................................................................................................. 783Toyoda Gosei ............................................................................................................................................................ 785Trelleborg .................................................................................................................................................................. 787TRW Automotive ...................................................................................................................................................... 791TT Electronics .......................................................................................................................................................... 795Unipart ...................................................................................................................................................................... 798Valeo .......................................................................................................................................................................... 799Visteon ...................................................................................................................................................................... 807voestalpine ............................................................................................................................................................... 810WABCO ...................................................................................................................................................................... 813
Manufacturing Plants.................................................................................................................................................818R&D Plants ............................................................................................................................................................... 820Map ......................................................................................................................................................................... 821
Webasto .................................................................................................................................................................... 822Manufacturing Plants................................................................................................................................................ 827Map ......................................................................................................................................................................... 832
Woco .......................................................................................................................................................................... 833Woodbridge .............................................................................................................................................................. 835Yazaki ........................................................................................................................................................................ 836Yokohama Rubber ...................................................................................................................................................838Zanini ......................................................................................................................................................................... 840ZF ............................................................................................................................................................................... 842
R&D Addresses ........................................................................................................................................................ 851
FiguresFigure 1: Real GDP Percentage change year on year .............................................................................................. 11Figure 2: Change in the number of unemployed persons (compared to previous month, in,000s), seasonally adjusted ........................................................................................................................................................................ 12Figure 3: Regional sales by country ........................................................................................................................... 16Figure 4: European Regional sales by market ........................................................................................................... 17Figure 5: Light vehicle production in Europe ............................................................................................................ 19Figure 6: Source region of EU27 car parts imports ................................................................................................ 24Figure 7: Major extra-EU trading partners for car parts for European Union members ..................................... 26Figure 8: German Parts & accessories of motor vehicles exports based on ITC calculations ........................... 41
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IHS Automotive SupplierBusiness | The European Automotive Supplier Report
TablesTable 1: Imports of car parts in billion Euros and % CAGR ..................................................................................... 24Table 2: Major extra-EU trading partners for car parts for European Union members ....................................... 25Table 3: Volkswagen European produciton ............................................................................................................... 27Table 4: Renault Nissan European production .......................................................................................................... 28Table 5: Peugeot Citroën European Production ....................................................................................................... 29Table 6: Ford European production ............................................................................................................................ 31Table 7: Daimler European production....................................................................................................................... 32Table 8: BMW European production ........................................................................................................................... 33Table 9: General Motors European production ......................................................................................................... 34Table 10: Chrysler Fiat European Production ........................................................................................................... 36Table 11: Hyundai-Kia European production ............................................................................................................. 37Table 12: List of selected supplier investments in central and eastern Europe ................................................... 43Table 13: Top 25 European Automotive suppliers by 2012 automotive sales ........................................................ 45Table 14: Pre-tax margin for selected European-headquartered suppliers in 2012 and 2011 (by supplier size) ..47Table 15: Pre-tax margin for selected European-headquartered suppliers in 2012 (by country) ....................... 47Table 16: Key M&A Activity involving North American suppliers in 2012 and 2013 .............................................. 48