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Recent Articles

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Lear reports Q1 net income down at US$49.4M from US$203.7M a year ago, with sales down 3% year-over-year to US$5.2B; new business partially offset decreased production of key Lear platforms caused by 4% drop in global vehicle production

Automotive interior systems company Summit Polymers building US$37.5M, 140,000 square-foot facility in Lawrenceburg, Kentucky, to open in 2023; new plant to create 218 jobs

Toyoda Gosei develops cellulose nanofiber-reinforced polypropylene plastic for automotive components that doesn’t increase CO2 emissions; product has one-fifth the weight and five times the strength of steel, is easily recycled and reused

EconCore and Flaxco develop sustainable lightweight thermoplastic honeycomb sandwich panel with flax fiber composites to replace glass and carbon fiber materials; its many potential commercial applications include automotive interiors and computer casings

BMW i Ventures invests in Bcomp, a leader in high-performance composites made from natural plant fibers sourced from hemp, kenaf, flax; materials suitable for vehicle interior paneling, can cut interior plastic paneling by 70%, lower CO2 emissions by 60%

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