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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
Published: May 04, 2022 by Lear Corp.
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
Published: May 03, 2022 by The Gleaner
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
Published: April 27, 2022 by Automotive Interiors World
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
Published: April 08, 2022 by EconCore NV
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%
Published: April 06, 2022 by BMW AG

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