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The French automotive parts and seating Group has announced a +34% rise in profit in full 2017, with net income reaching €714.5 million, and plans to open a new manufacturing facility in Blue Springs, U.S. state of Missouri.
Automotive brand Audi had a strong start to 2018 with a 20% pick-up in sales in the month of January, reports international news site Leatherbiz.
Lear Corporation, owner of the Eagle Ottawa automotive leather group and one of the world's biggest seating suppliers, has reported a record year of sales and profits, boosted by the acquisition of Spanish rival Grupo Antolin.
Johnson Controls (U.S.), Toyota Boshoku Corporation (Japan), Lear Corporation (U.S.), Toyoda Gosei Co., Ltd. (Japan), and Faurecia S.A. (France) are the dominant participants in the global automotive interior material market. These companies have been adopting various organic and inorganic growth strategies such as expansions, mergers and acquisitions, collaborations/partnerships/agreements, and new product launches to enhance their share in the automotive interior material market.
China is already the global leader in electric vehicle (EV) sales. Now it has a chance to build an automaker with the cachet of Audi and BMW.