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Valeo is a Tier One automotive supplier that specializes in advanced driver-assistance systems (ADAS), interior, lighting, power train and thermal management systems. The $17 billion French company operates 184 plants in 31 countries around the world that support both traditional automakers and startups.
The Schaeffler Group is a family-owned German auto parts manufacturer that supplies automakers around the world. Like many companies, it is shifting its product portfolio to electric vehicles.
Every motorist uses rearview mirrors whenever they get behind the wheel. In fact, most people look at them every few seconds as they drive. However, few ever give those ubiquitous devices much thought.
MUSCLE SHOALS, AL—DURA Automotive Systems plans to invest $59 million to open a manufacturing facility here that will produce battery trays for electric vehicles.
GRIFFIN, GA — Mitsui Kinzoku Die-Casting Technology America, Inc., a Japanese-based automotive parts manufacturer, will build a $20 million manufacturing facility here. The project is expected to create more than 30 new jobs.
Recently, a startup Italian car company called XEV launched a two-seat electric vehicle. When it goes into production at a plant in Jiangsu, China, next month, the LXEV will become the world's first mass-produced printed car.
DETROIT—Rebounding car sales should be good news for everyone. But fast growth in the automotive industry is creating an enormous set of new pressures on the consummate players behind the scenes: parts makers.