OUT FRONT
Welcome to our Third Quarter Issue
Each issue of AFTERMARKET INTERNATIONAL contains industry news, new product releases and important technical information that will benefit our audience. In this issue:
• The ZF CDCI remanufacturing
• How to Repair and Protect Hydro Equipment with Polymeric Technology
• AI in the Automotive Industry: How is It Affecting Us and Is It Safe?
We are preparing for AAPEX where we will again be exhibiting. As part of that we will again have our Alegria party to “kickoff”our AutoAmericas ‘25 tradeshow. Alegria is at the Blue Martini on Wednesday, November 6. Love to have you there. WALKER PRODUCTS is again the sponsor of it this year. They also are providing the lanyards for our 2025 show and are exhibiting with a 200 square foot booth.
Many of you, especially those in Latin America, may be familiar with EUROTALLER. We are happy to report they are an official supporter of AutoAmericas.
The EuroTaller Network is a network that brings together independent automotive workshops, and is characterized by offering high quality services, professional attention, training, original spare parts, certification, among other activities.
During the last few years the network has grown exponentially in Latin America, with more than 100 auto workshops found throughout the region including Panama, Costa Rica, Guatemala, Ecuador, Colombia, Venezuela, among others.
By the way, for those unaware we now have a Chinese version of AFTERMARKET INTERNATIONAL. This is in addition to our brand in English (the Middle East, Europe, Asia, Africa and Australia) and Spanish (Mexico, Central and South America).
Last but certainly not least, I am pleased to welcome our new Editor, Ms. Laura Restrepo to our organization!
Brad Glazer, publisher Aftermarket International
It is a periodical publication owned by Latin Press, Inc.
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ISSN 2834-8885
Comments from the Editor What concerns us about AI?
Dear readers,
Welcome to a new issue of Aftermarket International.
As times progress, new challenges emerge across major industries, and ours is no exception.
Artificial Intelligence (AI) is rapidly transforming the automotive industry, from manufacturing to user experience. The adoption of AI technologies is not only improving efficiency and reducing costs but also leading to innovations that once seemed like science fiction.
To the untrained eye, this transformation may signal a reduction in human labor and potentially fewer jobs. However, in manufacturing, AI is optimizing production lines through real-time data analysis, enabling immediate adjustments that enhance quality and reduce waste. AI-driven robots are working alongside humans, performing repetitive and hazardous tasks, thereby increasing workplace safety.
Moreover, autonomous vehicles represent perhaps the most visible and exciting development. Equipped with advanced AI systems, these vehicles promise to revolutionize transportation by offering greater safety and efficiency. Leading companies like Tesla, Waymo, and many others are at the forefront of this revolution, tirelessly working to perfect this technology.
But AI extends beyond manufacturing and autonomous vehicles. Predictive maintenance systems, which use AI to anticipate failures and schedule maintenance before serious issues arise, are gaining ground. This not only saves significant long-term costs but also enhances customer satisfaction by reducing downtime.
On a separate note, I would like to inform you that for the remainder of the year, we will be covering some of the industry's largest events:
Latin Tyre Expo in Panama: From July 31st to August 2nd, we will be heading to Panama to cover the Latin Tyre Expo. This event has become one of the most important in the Latin American tire market. We will keep you informed about the latest developments and opportunities in this key sector.
AAPEX (Automotive Aftermarket Products Expo): This event will take place in Las Vegas from November 5th to 7th. AAPEX is where the latest innovations and products in the automotive aftermarket market are showcased. We will be there to bring you the most impactful updates and exclusive interviews with industry leaders.
Automechanika Frankfurt: From September 10th to 14th, Frankfurt will be the epicenter of the global automotive industry. This event serves as a crucial platform for idea exchange and the presentation of advanced technologies. We will cover all emerging trends and innovations shaping the future of mobility.
We look forward to sharing with you all the experiences and knowledge gained from these events. The revolution of artificial intelligence in the automotive industry is just beginning, and these events will be instrumental in understanding where we are headed.
Laura Restrepo Editor
23 No. 3 Aug 2024
6/EuroTaller and AutoAmericas Show: Driving innovation and collaboration in the automotive industry
9/Review of ZF CDCE twin-tube shock absorbers
Departments
3/Out Front
17/Business News
29/Trade Shows
11/Securing the Future: Cybersecurity in the Automotive Parts Industry
14/AI in the Automotive Industry: How is It Affecting Us and Is It Safe?
ONLINE DIGITAL EDITION
Find information, contacts, links to industry associations, free literature from businesses that advertise in the publication, events, and downloadable issue archives dating to 2007 at aftermarketinternational.com
For advertising, contact Brad Glazer at 216 233-6943 bglazer@aftermarketinternational.com
Andrés Caballero +1 [305] 285 3133 Ext. 94 acaballero@aftermarketinternational.com
EuroTaller and AutoAmericas Show:
Driving innovation and collaboration in the automotive industry
By Laura Restrepo
The EuroTaller network, part of GroupAuto, actively contributes to the advancement of the automotive industry through strategic partnerships and continuous training of its associates.
In a landmark announcement for the automotive parts industry in Latin America and the Caribbean, AutoAmericas Show has secured the official support of the prestigious EuroTaller Network for its third edition, scheduled for February 19th and 20th, 2025, at the Miami Airport Convention Center (MACC). This strategic collaboration not only strengthens AutoAmericas Show's position as a leading event in its field but also underscores EuroTaller's commitment to continuous improvement and professionalization of the automotive sector in the region.
Founded as a network that unites independent automotive workshops, EuroTaller is distinguished by offering highquality services backed by professional attention, specialized training, the use of original parts, and certification of rigorous standards. Since its inception, EuroTaller has experienced significant growth in Latin America, expanding to over 100 workshops strategically located in countries such as Panama, Costa Rica, Guatemala, Ecuador, Colombia, and Venezuela.
This growth has been driven by a strong commitment to technical and business training for its members, ensuring that each affiliated workshop maintains the highest standards of quality and customer satisfaction.
"The collaboration between different industry players enables the exchange of knowledge and cutting-edge technology, strengthening and empowering the independent aftermarket market. This exchange enriches the knowledge and practices of each company, allowing for cost optimization and improvement of service and product offerings," explained Sandra Álvarez,
Director of GroupAuto Central America, Colombia, Ecuador, Venezuela.
EuroTaller's decision to support AutoAmericas Show represents a significant step towards promoting innovation and knowledge exchange within the automotive parts industry in the Latin American and Caribbean region. Max Jaramillo, General Manager of Latin Press and organizer of AutoAmericas Show, expressed his enthusiasm for this collaboration: "We are excited to have EuroTaller's support for our upcoming event in Miami. This alliance will not only expand our ability to attract an international audience but also enrich the learning and networking opportunities we offer to our participants."
David Ibarra, Director of EuroTaller for Latin America, also highlighted the strategic importance of this partnership: "We are excited to join forces with AutoAmericas to take the professionalization of the automotive sector to a new level. Our expectations are high, and we are committed to supporting all activities of the event, offering our services and knowledge to all participating workshops."
In addition to its participation in international events like AutoAmericas Show, EuroTaller drives local initiatives that
strengthen the automotive industry from its foundations. Recently, the network organized its traditional annual tour of allied workshops, this time in Cali, Colombia. This gathering not only allowed EuroTaller representatives to explore the facilities and working tools of local workshops but also facilitated invaluable exchanges of best practices and technical and business knowledge.
During the tour of five selected workshops, EuroTaller representatives emphasized the importance of continuous
training in technical and technological areas. Affiliated workshops receive specialized training in advanced diagnostics, business management, and customer service, ensuring a consistent and high-quality experience across all EuroTaller facilities. Moreover, the network provides continuous access to updated information and expert support, essential for maintaining operational efficiency and customer satisfaction in every service provided.
EuroPremium: Celebrating Excellence in Automotive Service
One of the highlights on the EuroTaller calendar is the EuroPremium award, an annual recognition that celebrates exceptional commitment and adherence to the highest standards of quality and service by affiliated workshops. In the latest award ceremony, EuroTaller Ivan Cars received this prestigious accolade, distinguished for its dedication to innovation and excellence in the automotive sector.
With the strategic alliance between EuroTaller and AutoAmericas Show solidified, both organizations anticipate a promising future of mutual collaboration and growth. Their shared commitment to raising industry standards in Latin America and the Caribbean promises to benefit not only workshops and service providers but also end consumers seeking trust and quality in every repair and maintenance of their vehicles.
The combination of EuroTaller's support for AutoAmericas Show with its local training and recognition initiatives, such as the EuroPremium award, reflects a strong commitment to excellence and professionalization of the automotive sector in the region. As the event date in Miami approaches, expectations are high, and networking and learning opportunities abound for all stakeholders involved. EuroTaller continues to be a cornerstone for growth and innovation in the global automotive industry, demonstrating that strategic collaboration is key to achieving new levels of success and customer satisfaction.
Eurotaller Ivancars, Europremium winner.
Review of ZF CDCE twin-tube shock absorbers
Por Carlos Panzieri*
Analysis and specialized procedures for the review of ZF CDCE twin-tube shock absorbers. A guide through key steps to ensure optimal performance and durability.
Components and principles
The shock absorber CDCE (External Continuous Damping Control – im.01) is similar to a twintube one, but the coaxial tubes are three: the third tube, fitted between the inner one and the body, creates a second interspace used to supply oil to the outer valve adjusted through a solenoid (im.02).
The CDCE shocks are manufactured by ZF (Boge/Sachs –im.03) and installed on many luxury cars like the BMW Z4, X5 F15 and E70, Porsche Cayenne 1st series or Rolls Royce Phantom VII Coupè.
The remanufacturing process can be done by welding a thread manifold on the original body, or threading the body itself.
Remanufacturing with manifold (im.04)
1. Cut the body following the instructions provided by Emmetec: in this way, it will be possible to close the shock absorber without reducing the length of the inner cylinder.
2. Remove the oil and the group rod-guide-piston.
3. If needed and suggested by Emmetec, modify the original guide adapting it to the new oil-seal and to the closing system.
4. Fit onto the body of the shock absorber the manifold provided into the kit (im.04), and weld them using the TIG of a Mangusta.
Image 1
Image 2
5. Fill the oil, the group rod-guide-piston and the rest of the components offered into the kit.
6. If the new closing system has a longer axial encumbrance in comparison with the original one, the final length of the rod could be not enough, and so the preload of the inner spring (if any) and the main one (the one in the suspension, coil or air spring) could be excessive.
In this case it is suggested to remove the original rebound stop from the rod and to weld a new one closer to the piston; to reduce the length of the inner plastic rebound stop (if any) or to place a shorter inner spring. It is un-suggested to cut the original inner spring because it could be a noisy solution.
Remanufacturing threading the body internally (im.03)
1. Cut the body along the edge above the oil-seal.
2. Remove the solenoid and the side valve as explained in the tutorial which link is listed at the bottom of the editorial.
3. Remove the oil, the group rod-guide-piston and the inner cylinders.
4. Thread the body shock along the inner wall on the lathe machine (im.05) or using the specific screw-taps and their centering devices.
5. Reduce the length of the inner cylinder in order to fit the guide and the threaded ring.
Remanufacturing threading the body externally (im.06)
1. Follow the same steps listed above from 1 to 3.
2. Thread the body externally on the lathe machine.
3. Close the shock without reducing the length of the inner cylinder (im.06).
Evolution
The CDCE system is the evolution of the ADC (Adaptive Damping Control), manufactured during the eighties by Boge, for highclass vehicles like Lancia Thema, but actually obsolete. The ADC, instead of one single valve allowing endless calibrations, had two that, based on the combinations ON/OFF, offered just 4 calibrations.
From the CDCE has been developed the VDC (Vertical Dynamics Control), actually installed on cars like BMW F10 M5, with one valve for the compression and another one for the rebound.
For additional information:
• on Youtube, type Emmetec ZF CDCE ENG
• visit the sites www.emmetec.com, www.orpav.com or www.jadausa.com contacting them for a technical training.
Image
Scan to see the video
Securing the Future: Cybersecurity in the Automotive Parts Industry
By Laura Restrepo
Currently, the auto parts industry faces a dual challenge: on one hand, rapid digitalization promises improvements in efficiency and operations; on the other, the rise in cyber threats jeopardizes both production infrastructure and valuable intellectual property.
The automotive parts industry is not only vital for the manufacturing and maintenance of modern vehicles but is also undergoing rapid digitalization. This digital transformation has introduced significant efficiencies but has also expanded the attack surfaces for cybercriminals. Today, cybersecurity is a critical priority to protect not only production infrastructure but also intellectual property and company reputation against increasingly sophisticated threats.
Digitalization has brought forth a range of unique cyber threats for the automotive parts industry. Intellectual property theft is a major concern, as advanced component designs and research and development data can be targets of targeted cyberattacks. Furthermore, disruptions to the supply chain through attacks on logistics and inventory management systems can halt production and severely affect operations.
For instance, in 2020, a ransomware attack on the Japanese auto parts manufacturer TMW forced the company to temporarily halt production, highlighting the industry's vulnerability to such threats.
And it's not an isolated case. Recently, Advance Auto Parts
suffered a cyberattack where hackers stole personal information from the customer list across different locations in the United States. The stolen information included names, social security numbers, addresses, and vehicle details, among others. The company stated that more than 2 million people were affected by the data breach.
How to mitigate these risks?
In the manufacturing of auto parts, Industrial Control Systems (ICS), Manufacturing Execution Systems (MES), and Supply Chain Management Systems are crucial. These systems not only monitor and optimize production processes but also facilitate collaboration across the supply chain. However, their connectivity and complexity make them ideal targets for cyberattacks. Compromise of these systems could result not only in production of compromised or faulty components but also in costly disruptions and loss of trust from customers and end consumers.
Andrés Felipe Restrepo, Chief Consulting Director of Information and Technology for Xapiens International Group, explained that efforts to combat cyberattacks in the automotive industry need to be extensive and must originate from within the company. "Many companies in the automotive sector have outsourced these tasks to thirdparty technology providers who offer platforms or Software as a Service (SaaS) to facilitate IT activities. However, delegating these responsibilities to a third party does not necessarily eliminate cybersecurity risks. In the past, there have been incidents that compromised companies providing these services, affecting the supply chain and consequently damaging the company's reputation, as well as generating dissatisfaction among customers."
To mitigate these risks, the automotive parts industry must comply with rigorous cybersecurity regulations and standards. The ISO/IEC 27001 standard, for example, provides a robust framework for establishing, implementing, maintaining, and continually improving an information security management system. Compliance with these standards not only helps protect critical data and production systems but also strengthens resilience against potential security breaches and reduces the risk of regulatory sanctions and damage to reputation.
Implementing effective cybersecurity strategies is crucial to protect digital and operational assets in the automotive parts industry. This includes implementing robust access controls that limit access to authorized personnel only, as well as ongoing education and awareness about cybersecurity for all employees.
Regular vulnerability assessments and penetration testing are essential to identify and mitigate potential security breaches before they are exploited by cybercriminals. Furthermore, close collaboration with suppliers and partners in the supply chain to ensure shared security standards and secure information exchange practices is crucial to bolstering cyber resilience across the supply network.
According to a study published by Rockwell Automation, cybersecurity is the number one concern for leaders in the automotive industry. The State of Smart Manufacturing Report, released in June 2024, shows how vehicle manufacturers and suppliers classified cybersecurity as the top external concern for their global businesses.
Andrés emphasized, "Automotive sector companies must conduct cybersecurity risk and business continuity analyses
to adequately manage these risks. This process constitutes a comprehensive project, but proper setup ensures resilience and continuity in service delivery."
Looking ahead, the automotive parts industry will face even greater challenges in terms of cybersecurity as digitalization continues to advance. The integration of artificial intelligence and machine learning will play a crucial role in proactive threat detection and automated incident response. Additionally, incorporating security measures from product and system design stages will be crucial in mitigating risks from the outset. Global collaboration and harmonization of cybersecurity standards will also be key to addressing cross-border threats and effectively protecting the global automotive parts supply chain.
Cybersecurity is not just a technical challenge but also a matter of risk management and protection of strategic assets in the automotive parts industry. By adopting a comprehensive approach that includes strict regulations, advanced security practices, and sector-wide collaboration, manufacturers can safeguard their operations, ensure the quality of their products, and maintain customer trust in an increasingly interconnected and threatening digital environment.
AI in the Automotive Industry: How is It Affecting Us and
Is It Safe?
Por Katherine Robinson*
Cars with artificial intelligence (AI) may cost more for repairs and routine service than their counterparts, but it brings many benefits to the automotive industry.
Every year, AI vehicles improve and become safer overall. We’ll cover a few of the benefits industry-wide and some of the enhancements in safety on the roadways.
How AI is Impacting the Automotive Industry
The Passenger and Driver Experience
Whether you’re a passenger or the driver of an AI-enabled vehicle, the experience can be more pleasant and less stressful overall. AI studies a driver’s habits and automatically makes personalized adjustments in response. Drivers will have minimal distractions while driving, which improves travel time.
Manufacturing Improvements
Incorporating AI into the process allows auto manufacturers to establish smarter factories, which can lower costs and increase their efficiency. AI can help with assembling the vehicles and even designing them. Robots can man the factory floor by using sensors throughout the production process.
Automated Parking
Parking can be challenging for many, especially when it comes to parallel parking. AI-powered cars have sensors around the car that can tell drivers the distance between them and other cars. Some can even park themselves without the imput of the driver.
Regulating the Supply Chain
In recent years, the industry has struggled with disruptions and issues within the supply chain. Artificial technology lets manufacturers know when supplies are low and can even forecast wolume needs when these shortages are likely to occur. From there, manufacturers can replenish the supply chain easily while better understanding the roadblocks they might face down the road.
Easing Vehicle Inspections, Rental Company Challenges, and Repair Shop Services
Rental agencies, auto garages, and car rental companies must perform a manual inspection on each vehicle to determine its condition. With AI-enabled technology, these procedures can go
digital and allow employees quick access to condition reports. This leaves less room for misunderstanding when returning vehicles.
Additionally, damage detection sensors make it easy for rental agencies to handle issues without a subjective guess, allowing them to offer better rates. Installing analytical features can save time when it comes to analyzing any damage. Auto repair shops benefit from the ability to analyze and look closer than ever before at the internal parts of the car. This allows them to more easily offer repair quotes and estimated time frames to fix it.
AI Technology: Is It Safe on the Road?
Safety is key when traveling in a vehicle for everyone from the car’s occupants to pedestrians and other drivers on the road. Like most things in their developmental stages, AI cars have been known to have some issues. However, innovations and improvements over the years have more people considering the possibility that AI-enhanced cars may drive better than humans.
AV Detection
A major safety advantage to an AI vehicle is that robotic technology isn’t human. Rather, it’s programmed to follow all of the rules of the road. It won’t speed and it won’t be distracted in the way that human drivers are. Autonomous vehicles can often detect what we cannot and react faster to avoid accidents.
Enhanced Safety with LIDAR Technology
LIDAR is a light-detecting and ranging sensor that offers a safety advantage. It uses millions of lasers to create a real-time 3D image of the vehicle’s surroundings. These radar sensors also measure the speed and sive of other moving objects while its cameras can read road signals and signs. This allows it to crossreference the date to help plan the best routes.
AI Provides Assistance in Dangerous Situations
AI can help prevent road accidents by determining the driving conditions and regulating a driver’s behavior on the journey. AI can automatically slow the vehicle down in bad weather and take over steering if it sense an impending accident. AI-powered support systems can make decisions in critical situations when humans might not be thinking clearly.
They can call emergency responders in accidents, which can be life-saving if the driver is knocked unconscious. They can also help the emergency responders make informed decisions in these high-pressure situation. AI systems have the ability to analyze data in the scenario to provide the responders with recommendations for the appropriate course of action.
Are You Ready for AI Technology?
As you can see, autonomous vehicles have a number of benefits industry-wide and can be an integral part of the driving experience. As AI changes the automotive industry, be sure to stay informed on the latest innovations and be ready to embrace them as they become mainstream.
*Katherine Robinson, a writer for Onsemi
[BUSINESS NEWS]
The Airless Tire Market Continues to Expand
United States. Coherent Market Insights, the global market intelligence and consulting organization, forecasts that the airless tire market will exceed $95 billion by 2031, with a compound annual growth rate (CAGR) of 7.2%.
The increasing demand for fuel-efficient and low-maintenance tires drives this market. The organization expects the demand for airless tires to grow considerably in the coming years due to their fuel efficiency and low maintenance requirements compared to conventional tires.
The popularity of these tires is due to the fact that they do not need air to function properly and therefore eliminate the risk of punctures, significantly reducing downtime for repairs and maintenance.
The airless tire market is driven by the increasing adoption of sustainable technologies in various industries. Airless tires offer benefits such as reduced punctures, minimize tire change requirements, and conserve fuel. In addition, the airless tires are made of sustainable rubber and do not require inflation with compressed air. They also help reduce the carbon footprint derived from the manufacture and disposal of spare tires.
The demand for ATVs and mobility vehicles like ATVs,
UTVs, military vehicles is growing at a robust rate, which in turn is supporting the growth of the airless tire market. These sustainable tires offer additional puncture resistance benefits and withstand extreme off-road conditions.
Major tire manufacturers are investing heavily in the development of advanced airless tire designs. For example, Michelin plans to launch Uptis, its unique sustainable tire for passenger vehicles by 2024. These R+D investments and product launches are enhancing the future growth potential of the airless tire industry.
The commercial vehicle segment is expected to witness significant adoption of airless tires in the coming years. Commercial fleets require tires that offer reliability and durability with minimal downtime. Airless tires eliminate the risk of punctures and do not require routine maintenance such as inflation or air pressure checking. This improves vehicle uptime and reduces operating costs for commercial fleet owners. Continued technological advancements to increase the load capacity of airless tires are also driving their adoption in heavyduty trucks and trailers.
Large vehicle companies such as Tesla are already evaluating the possibility of implementing this type of tire in their vehicles.
[BUSINESS NEWS]
Brendan Morris Named BMC's New Chair
United States. MEMA Aftermarket Suppliers announced the appointment of Brendan Morris as the new chair of the Brake Manufacturers Council.
Morris, currently vice president of sales at GRI Engineering, a MAT Holdings company, will succeed John Bennett, CEO of Trelleborg Sealing Solutions Detroit, Inc.
"We are currently facing an unprecedented period in the history of aftermarket braking," Morris said. "The importance of BMC is now more evident than ever. It serves as a platform where industry professionals can collaborate to share knowledge about market challenges and come together to address regulations. This allows us to overcome the obstacles that affect our business and products, and ultimately deliver superior results."
Morris brings more than two decades of experience in the automotive and aftermarket brake industries. The organization expects his leadership to guide BMC through critical developments in industry standards, regulatory challenges, and technological advancements.
"We are incredibly grateful to John Bennett for his visionary leadership and commitment to excellence," said Ben Brucato, vice president of member engagement at MEMA Aftermarket Suppliers. "We are confident that Brendan will continue this legacy of proactive leadership and innovation to advance the interests of our members and the industry as a whole."
Morris' appointment is effective immediately and he will chair his first BMC meeting next November during AAPEX. The board looks forward to his leadership during a time of many opportunities and challenges in the automotive aftermarket sector.
PACCAR PARTS is installed in Bogota
Colombia. PACCAR Parts announced the opening of an 80,000-square-foot Parts Distribution Center (PDC) in Bogota, Colombia.
The facility increases the availability of parts for distributors and customers in Colombia, with same-day deliveries in the city and next-day deliveries in many other areas of the country.
PACCAR PARTS is a division of PACCAR Inc. PACCAR Parts is a world leader in the distribution, sale and marketing of spare parts for trucks, trailers, buses and heavy and medium duty engines.
The new distribution center has the capacity to store up to 30,000 pieces and serves 20 dealerships throughout Colombia. The Bogota facility is the latest addition to PACCAR Parts' global distribution network, which includes 19 distribution centers spanning 3.5 million square feet of warehouse space.
"The opening of the Bogota PDC underscores PACCAR Parts' commitment to the distribution and service of world-class parts," said Laura Bloch, general manager of PACCAR Parts and vice president of PACCAR. "The new facility reduces lead time and provides greater access to parts at dealer locations throughout Colombia."
SMP to acquire European parts supplier Nissens Automotive
United States. Standard Motor Products (SMP) The European Commission announced that it has entered into a definitive agreement to acquire AX V Nissens III APS (Nissens), a European manufacturer and distributor of refrigeration and air conditioning products for aftermarket engines.
Nissens has annual revenues of approximately $260 million with an EBITDA margin of 15 to 19%.
Eric Sills, President and Chief Executive Officer of Standard Motor Products, said, "We are delighted to announce this acquisition, which will make our combined company the aftermarket leader in North America and Europe in thermal management products. It will also expand SMP's product portfolio for neutral propulsion systems."
Klavs Pedersen, CEO of Nissens, said: "We are very pleased that SMP will be our new owner. We have been following SMP's activities in the U.S. and see many similarities in the way SMP and Nissens operate in their respective regions of focus. I have personally known the SMP management team for several years and believe that there is a strong cultural compatibility that will support and accelerate the positive development of both companies. We look forward to becoming part of the SMP family."
Founded in 1921, Nissens has a long history in the aftermarket in Europe, with brand recognition in the market and a reputation
as a high-performance supplier of premium products. Led by Klavs Pedersen, the Nissens management team has demonstrated its ability to grow and thrive in challenging times. They enjoy a deep understanding of the market with strong customer relationships and an operational infrastructure that has allowed them to penetrate every corner of the continent and beyond.
The transaction values Nissens at approximately $388 million, representing approximately 7.5 times adjusted EBITDA after accounting for estimated cost synergies at the midpoint of $10 million. The transaction is expected to accrete SMP's GAAP earnings per share (EPS) in the first full year.
The companies expect the transaction to be completed in the second half of 2024 and is subject to certain closing conditions, including receipt of antitrust and other corresponding regulatory approvals.
Guident is poised to impact the future of AV transport
United States. Guident, an autonomous vehicle (AV) teleoperation company, announced a groundbreaking new project supported by the Space Florida-Israel Innovation Partnership program.
This initiative leverages advanced low-latency satellite services and artificial intelligence to improve the safety, reliability, and efficiency of autonomous vehicles.
This Space Florida-Israel innovation grant will support the development and implementation of a state-of-the-art system
architecture, using non-geostationary satellite technology. This will drastically improve autonomous vehicle communication by establishing a reliable and redundant connection with remote monitoring and control centers, ensuring the smooth operation of vehicles in areas with limited terrestrial network coverage.
The project begins in July 2024, and joins Space Florida, the expertise and resources of Guident Corp, and its Israeli partner, NOVELSAT. Each organization brings unique features to create pioneering safety solutions for autonomous ground vehicles through satellite communications.
"At the heart of this project is our commitment to advancing teleoperation safety through rigorous research and testing. Our goal is to ensure the highest standards of safety and performance for autonomous vehicles equipped with this pioneering communication system," said Dr. Dennis Morgen, Vice President of Products and Project Management at Guident.
"This grant will propel us forward in developing an effective remote monitoring and control solution, with Space Florida's invaluable support and strategic expertise."
[BUSINESS NEWS]
AROUND
Exhaust systems market to grow sharply in 2024, study finds
International. The Fact.MR study indicates that the exhaust system market will grow by $63 billion in 2024 and reach $111 billion by 2034.
Manufacturers in this segment maintain their competitive edge through unique features, materials, and designs by offering customized products that meet specific vehicle specifications.
Both original equipment manufacturers (OEMs) and the aftermarket need these systems. They are vital equipment for the production of new vehicles that manage to meet demand, performance, efficiency and emission regulations, in addition, they are equipment that needs maintenance and is replaced from time to time.
Among the main conclusions of the study are the following:
• The global exhaust systems market is projected to grow at a CAGR of 5.9% from 2024 to 2034.
• East Asia is estimated to hold 31.3% of the global market by 2034, with expected revenues of $35 billion.
• OEM revenues are expected to reach $81 billion by the end of 2034.
• The market in Japan is estimated to grow at a CAGR of 7.6% from 2024 to 2034.
• The demand for exhaust systems for commercial vehicles is projected to increase at a CAGR of 7% from 2024 to 2034.
•The market in the United States is estimated to generate revenues of $14 billion by 2024.
Major industry participants include Faurecia SE, Futaba Industrial Co., Sawicki Speed, Milltek Sport, Friedrich Boysen GmbH & Co. KG, Eberspacher, Honda Global, Tenneco Automotive Pvt. Ltd., Yutaka Giken Co. Ltd., Benteler International AG and Sejong Industrial Co. Ltd.
OEMs will continue to generate higher revenues compared to the aftermarket, selling a significant number of exhaust systems primarily due to high vehicle production volumes and regulatory requirements. OEMs are required to install compliant exhaust systems in new vehicles to comply with global pollution regulations. The demand for OEM exhaust systems increases with car production levels.
Major players in the exhaust system industry maintain their competitive edge by using unique features, materials, and designs to meet the diverse needs of OEMs and aftermarket customers. They increase their revenue through strong relationships with distributors and service providers in the aftermarket.
ZF Aftermarket exhibits at INA PAACE Automechanika 2024
Mexico. The company will present its portfolio of original equipment products and services for the passenger vehicle aftermarket in Mexico during INA PAACE Automechanika 2024.
ZF Aftermarket is presenting its product and service offering for the passenger car aftermarket in Mexico and will
showcase its offerings at INA PAACE Automechanika, July 10-12, 2024 at the Citibanamex Center in Mexico City.
ZF will present its complete PC portfolio, which includes steering, suspension, transmission and braking components under the ZF, LEMFÖRDER, SACHS, TRW and BOGE brands.
With more than 700 part numbers, ZF Aftermarket provides coverage for 90 percent of vehicles in Mexico. The TRW brand alone designs original equipment brake systems for more than half of the world's vehicles.
During the three-day event, ZF experts will conduct technical training sessions on topical topics such as high voltage, transmission and chassis electrification. Classes are free and no registration is required. All classes will take place in the Casa Montejo Room 1 and 2.
Increased demand for automotive sensors continues
International. The projection, according to Transparency Market Research, was that the automotive sensor fusion market would reach 390 billion dollars in 2023.
Now, the expectation is that it will grow at a CAGR of 23.7% from 2024 to 2034, reaching $4 billion by 2034.
The increase in demand for advanced driver assistance system (ADAS) features, such as adaptive cruise control, lane-keeping assist, and automatic emergency braking, is a major growth driver. These systems rely heavily on sensor fusion for effective operation.
In addition, artificial intelligence and machine learning algorithms are being incorporated into the said market to improve the accuracy and decision-making capabilities of sensor fusion, this has created a significant trend. Equally, efforts to reduce their sizes and costs are making these systems more accessible to a wider range of vehicles.
The growing adoption of electric vehicles (EVs), which often come with advanced technological features, provides fertile ground for the expansion of sensor fusion technologies.
A platform to connect vehicle owners with mechanic shops
Colombia. A group of Colombian entrepreneurs has developed PITZON, an application that connects vehicle owners with certified mechanic shops through geolocation technology and artificial intelligence.
The application is intended to make it easier to find a reliable place that can meet your needs and is also close to your locations.
"Many vehicle owners are wary of auto repair shops due to poor practices and low-quality services, while garages struggle to attract new customers due to a lack of marketing skills and technological tools." said Juan Camilo Chavarro, CEO of PITZON.
Among the highlights of the application is its ability to generate a pre-diagnosis of any vehicle failure using artificial intelligence, providing a preliminary assessment. In addition, thanks to geolocation technology, the application can locate the nearest and most suitable workshop to provide the service that the vehicle needs.
The platform also allows repairs to be scheduled in an
Based on sensor type, the LiDAR (optical sensing and measurement) segment is expected to drive the growth of the automotive sensor fusion market. LiDAR provides highly accurate distance measurements and detailed 3D maps of the environment, which are crucial for advanced driver assistance systems and autonomous vehicles.
Based on the type of technology, the artificial neural networks (ANN) segment is anticipated to drive the growth of the market. Artificial neural networks excel at processing large amounts of data from multiple sensors, identifying complex patterns and making decisions in real time, which is crucial for advanced driver assistance systems and autonomous driving.
agile way and keeps a complete history of preventive and corrective maintenance, which the owner can access at any time.
The application will be available in web and mobile format from the third quarter of 2024 with a network of 90 workshops distributed in Cali, Medellín and Bogotá. Starting in 2025, the app is expected to reach other Latin American markets where the platform can meet similar needs and offer value to vehicle owners and auto repair shops.
As for growth projections in the first year, it is expected to reach a network of 150 establishments, carry out 21,600 scheduled services through the platform and transact more than 1,200 million dollars.
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MAHLE Aftermarket is ready for e-mobility
International. MAHLE is continuously expanding its portfolio of products and services for the diagnostics and maintenance of electric vehicles, which are included in its BatteryPRO product line.
Electrification, digitalization and sustainability are the strategic fields of action with which MAHLE Aftermarket wants to continue to grow and make a significant contribution to the MAHLE Group's 2030+ strategy. The business segment remained an important pillar of the Group in 2023, with a new sales record of almost €1.3 billion (approximately $1.43 billion).
"The future clearly belongs to electric mobility, both on the road and in the workshop. Nonetheless, combustion engines will continue to play an important role in many parts of the world for some time to come. By using renewable fuels, these engines can have a rapid and sustainable impact on climate protection," said Philipp Grosse Kleimann, Member of the MAHLE Management Board and Head of the Aftermarket Business Unit, at a recent press conference.
With the BatteryPRO product line and its five product groups E-SAFETY, E-SCAN, E-HEALTH, E-CARE and E-CHARGE, MAHLE Aftermarket already offers independent workshops a complete range of solutions for electric vehicles.
"Battery maintenance is becoming more and more important. The new products developed by BatteryPRO
are the beginning of a new generation of diagnostic and service solutions for electric vehicles, covering the entire life cycle from diagnostics to maintenance," says Georges Mourad, Head of Global Service Solutions at MAHLE Aftermarket.
For example, the products monitor the safety of highvoltage and 12-volt batteries, display error codes, help empty and refill the battery's cooling circuit, and identify potential leaks. For MAHLE, the most important part of this process was the development of devices that were easy and effective to use.
Hyundai and LG open battery plant in Indonesia
International. On July 3, Hyundai Motor and LG Energy Solution inaugurated the first electric vehicle battery cell production plant in Indonesia with an annual capacity of 10 gigawatt hours (GWh) of battery cells.
The plant is part of a commitment by Hyundai Motor and LGES to invest up to $9.8 billion in battery cell production for electric vehicles. The Indonesian government said Southeast Asia's largest economy is developing an electric vehicle supply chain to benefit from nickel and copper resources.
"This nation's mineral resources, such as iron and nickel, are important components in the batteries that will power millions of electric vehicles around the world," Hyundai Motor Group Chief Executive Euisun Chung said at the factory's opening ceremony.
The plant is integrated with Hyundai's car factory, where the company will begin producing 50,000 units a year of the Kona Electric, an SUV that would use Indonesian-made batteries.
Hyundai and LGES are also preparing to start development of the second phase of the battery plant, which involves an investment of $2 billion to add 20 GWh of capacity to the plant.
The companies announced in 2021 that they would invest $1.1 billion in the battery cell plant in West Java province. It has enough annual capacity to produce batteries that can power more than 150,000 battery-powered electric vehicles.
President Joko "Jokowi" Widodo said the plant will cement itself as Indonesia's key in the global electric vehicle supply chain by establishing a domestic processing industry.
Stellantis and CEA innovate batteries for electric vehicles
International. In a strategic move towards sustainable innovation, Stellantis has announced a five-year partnership with French research institution CEA.
This collaboration focuses on the development of advanced battery cell technologies for electric vehicles, promising superior performance, long lifespan and a reduced environmental footprint.
The joint program will seek to revolutionize battery cells through disruptive chemistries, thorough life-cycle assessments, and the meticulous design of new technologies. This initiative not only strengthens Stellantis ' position in the electric mobility market, but also boosts its ambition to offer more accessible and environmentally friendly electric vehicles for the future.
"Our partnership with CEA marks a significant milestone in our quest for leadership in clean and sustainable mobility," said Ned Curic, Stellantis' chief engineering and technology officer.
"We are committed to accelerating the arrival of disruptive battery cell technologies that support our vision of a future of clean, safe and accessible mobility," added Ned Curic.
For its part, CEA brings more than 25 years of lithiumion battery experience and an unwavering approach to decarbonization. Philippe Stohr, Head of the CEA Energy division, said: "This exciting project not only reflects our commitment to technological innovation, but also strengthens our position as pioneers in the transition to more sustainable energy."
The joint program aims to transform the electric vehicle market with more efficient and economical batteries, and the alliance reinforces Stellantis' commitment to its Dare Forward 2030 strategic plan. This plan aims to make Stellantis a net-zero carbon corporation by 2038, aligning with global sustainability goals.
LSI Chemical® announces Lorenda Stalnaker as new Business Development Manager
United States. LSI Chemical®, a division of Lubrication Specialties®, announces the retirement of Julie Blankenship and the appointment of Lorenda Stalnaker as the company's new business development manager.
Stalnaker brings more than twenty years of comprehensive marketing experience in B2B and B2C sectors, standing out from ideation to execution. His experience spans marketing strategy, market development, product management, brand management, public relations, and advertising.
Previously, he was a marketing program manager at WhiteSpace, Abbott Laboratories' in-house agency in Columbus, Ohio, and has also worked in sales and marketing positions at Knox County Career Center, Huntington National Bank, Nationwide Financial, Datatalk Telecom, and Baileys Fertilizers in Perth, Australia.
LSI President Brett TTennar says: "Lorenda has valuable sales experience that demonstrates a holistic understanding of market dynamics and customer interaction. We are so grateful for the incredible contributions made by Julie, and we are confident that Lorenda has the right skill set to fill this important position."
Reporting directly to LSI Chemical's Vice President of Research and Development, Kevin Adams, Stalnaker will be responsible for developing the strategy for the growth of LSI Chemical's partnerships and product sales in the global marketplace,developing support material and representing LSI Chemical at all trade events.
Adams says, "With this hire, we were impressed by his collaborative approach and strategic ideas that have consistently achieved successful project outcomes. We are excited to have Lorenda join LSI Chemical and look forward to supporting her with the resources and products she needs to succeed."
Stalnaker says: "I am delighted to be joining LSI Chemical and look forward to leveraging my experience to drive business growth and innovation in private label and industrial needs for the domestic market and introduce proven and trusted international distributors."
[BUSINESS NEWS]
Audi to Implement Cerence Chat Pro to Power Its In-Car Assistant
United States. Cerence Inc. Audi announced that Audi, part of the Volkswagen Group, will leverage Cerence's generative AI to expand the capabilities of its in-car assistant.
With the dual goal of creating added value for cars already on the road and improving on-board assistance capabilities for the future, Audi will first implement Cerence Chat Pro in Audi vehicles equipped with the MIB 3 infotainment platform, starting with the 2021 model year through the activation of the backend, as well as in the next models.
In addition, Cerence Chat Pro will be integrated as part of Audi's on-board assistant, expanding its capabilities within HCP3, the new high-performance computing and infotainment platform that will be deployed in both electric and combustion engine vehicles.
"At Audi, we are deeply committed to advancing the future of the software-defined, AI-powered vehicle, and to delivering a best-in-class in-car user experience," said Marcus Keith, Vice President Interior, Infotainment and Connectivity at Audi.
"By extending our long-term partnership with Cerence, we are delivering automotive-critical generative AI applications to Audi drivers, giving them the information they need for a safe and enjoyable journey."
As the global industry leader in AI-powered interaction for the car, Cerence leverages generative AI and large language models to deliver significant added value for automakers and their customers.
Cerence Chat Pro is a ChatGPT integration for the automotive industry that allows drivers and passengers to interact with the car assistant in an enjoyable and conversational chat, leveraging a multitude of sources, including ChatGPT, to provide accurate and relevant answers to almost every query imaginable.
"We are proud to continue our collaboration with Audi and the Volkswagen Group to extend the reach of our generative AI-based solutions to an even greater number of drivers," said Christian Mentz, Chief Revenue Officer at Cerence. "Cerence Chat Pro will enhance Audi's on-board assistant with an unmatched level of intelligence, improving safety, comfort and productivity on the road."
Dana Aftermarket Improves Southeast Asia Operations
International. Dana Incorporated held a groundbreaking ceremony to officially announce the establishment of its new spare parts distribution center in Singapore.
The Singapore distribution center covers markets in Southeast Asia, South Korea, Japan, Taiwan and Hong Kong, covering an area with a total population of 860 million people and 200 million vehicles.
The new Singapore distribution center will fully leverage the existing resources of Dana's service and assembly center in Singapore for the Southeast Asian market, and bring more Dana brands and spare parts products to the market.
Initially, the new distribution centre in Singapore will
offer a full portfolio of Victor Reinz ® products, and later this year will add the Spicer ® and GWB ® brands. Ultimately, the Singapore distribution center will serve as a local distributor for all Dana brands and spare parts products, including new product categories tailored to the needs of the Southeast Asian market.
"Singapore has a superior geographic location, efficient logistics and transportation, and exceptional talent, making the new distribution center an important addition for Dana," said Bill Nunnery, Dana's senior director of global spare parts sales and marketing. "Together with the Wuxi distribution center in China and the Hosur distribution center in India, the addition of the Singapore DC brings Dana to 100 percent coverage in the important Asian region."
Automotive special equipment sales reach $52.3 billion
United States. Sales of the specialty equipment market for the automotive industry grew to $52.3 billion in 2023, an increase of about 1% over 2022, according to the recently released "SEMA Market Report 2024."
The report, produced by SEMA Market Research, is the association's largest so far this year and offers new insights into the size and scope of the specialty equipment industry. The report includes detailed sizing of the market by parts category, consumer spending data by vehicle segment, and insights into where consumers purchased aftermarket parts and accessories in 2023, along with other key industry trends.
"The economy continues to offer some uncertainty, as we have emerged from the effects of COVID-19 and grappled with politics, global conflicts, and international trade policies," said SEMA director of market research Gavin Knapp. "However, consumers are still spending, and that will always be good for our industry. Unless there is a major economic shock, we can expect to continue at a reasonable growth rate going forward."
The report concludes that the light truck sector continues to drive the specialty equipment industry, with pickup trucks (32%), CUVs (15%), and SUVs (12%) accounting for more than half of sales of accessories and high-performance parts.
"Light trucks are a diverse and growing group of vehicles that have overtaken cars and now account for the majority of vehicles on the road in the United States," Knapp added. "They present a significant opportunity for the specialty equipment industry due to their versatile platforms for accessory incorporation, and this trend appears to be growing as more companies recognize the potential in this space."
Drivers are also equipping their vehicles with alternative energy, such as electric and hybrid vehicles, which generated
$2.5 billion in sales in 2023. While EV sales have increased year-over-year, consumers are not flocking to this technology as some had predicted and many automakers are adjusting their transition plans. SEMA has lowered its forecast for electric vehicle sales, with internal combustion engine (ICE) vehicles expected to account for the majority of sales over the next decade.
Even with the current economic uncertainty, sales in all market sectors continue to grow. Notably, sales of appearance products and accessories ($27 billion), engine and performance products ($12 billion), and wheels, tires, and handling ($12 billion) increased in 2023.
Other findings from the report include:
• Most of those who use accessories modify their vehicles for daily use; 58% of vehicles with accessories are used to commute to work.
• Young people continue to drive the market: half of accessory users are under 40 years old.
• Younger accessory users also tend to make more extensive modifications, such as suspension and engine performance modifications.
• More than half of accessory users (58%) also own a powersports product, such as a trailer, UTV or motorcycle, which can offer cross-selling opportunities and promotions.
• New vehicle sales are expected to exceed $16 billion by 2024.
• The U.S. vehicle fleet is made up of nearly 290 million passenger cars on the road. More cars on the road mean more opportunities for drivers to customize their vehicles.
• In addition, more than 90% of the specialty equipment companies surveyed expect their 2024 sales to be equal to or higher than 2023. This is positive news as the industry prepares for the SEMA Show later this year, where more than 2400 brands will showcase and reveal their products and services to thousands of qualified buyers.
[BUSINESS NEWS]
AROUND THE INDUSTRY
ZF Annotate develops ADAS and AD systems using AI and data in the cloud
International. The ZF Annotate technology group has developed the cloud-based and AI-enabled validation service, all this to further advance the development of these ADAS and AD solutions.
These innovations are due to the fact that modern automated driver assistance systems require a large number of sensors to accurately analyse the vehicle's surroundings and derive safe driving manoeuvres. The group presented fast, cost-effective and market-ready service for passenger cars and commercial vehicles for the first time at the ZF Global Technology Day on June 27, 2024 in Jeversen, Hannover.
Accurate and reliable data is essential for the development of advanced vehicle assistance systems. Cameras, radars, lidars or ultrasonic sensors continuously supply information from which the vehicle creates a three-dimensional image of its surroundings. Systems must recognize a wide variety of objects in real time, such as vehicles, people, lanes, or traffic signs, for example.
This sensor data must be digitally processed correctly so that the vehicle always receives the "absolute truth", known in the industry as "fundamental truth", in order to calculate and implement a driving function based on it. Comparing the information collected by the sensors with a reliable, high-precision reference sensor array increases accuracy. This is where ZF Annotate comes in.
"ZF Annotate combines the advantages of a robust, standalone reference sensor suite with a scalable cloud service using intelligent 2D and 3D tracking algorithms," says Dr. Holger Klein, Chairman of the Board of Management.
Previous comparable systems relied primarily on 2D annotation for the validation of reference data, and thus represented the environment in terms of distance and horizontal angle. ZF Annotate, with 3D capability, adds height information to the data. "This makes our solution a unique intelligent
'cloud factory' in the industry, which optimizes a previously labor-intensive and expensive service in several ways," Klein explains.
Accurate and reliable data from ZF Annotate reference measurements can significantly speed up the development and tuning of complex ADAS and AD systems. Until now, validating these systems involved a lot of work and therefore a lot of time and money, as traditionally reference data was manually annotated by people.
"Thanks to artificial intelligence, we can speed up the validation process by up to ten times and therefore reduce the annotation time from twelve to two months. This saves our customers time and money," Klein explains. "With ZF Annotate, we can generate a 'basic truth' in the shortest possible time," says Klaus Hofmockel, Head of Research and Development at the Driver Assistance Systems and Electronics division. "With the ability to work 24 hours a day, seven days a week, our cloud-based service completes the validation of reference data in a remarkably short time compared to the market, without any loss of quality."
Depending on the customer's requirements, the reference sensors are used in the test vehicle itself or
in "Pursuit" mode, i.e. a sensor array mounted on a separate reference data vehicle. The "Pursuit" mode can be used without making major modifications to the vehicle being tested, for example when evaluating parking scenarios in public spaces.
This application flexibility allows ZF Annotate to be independent of specific sensor manufacturers. In addition, there is no longer a need to modify customers' otherwise costly high-tech test vehicles. In this way, customers can also include the service in development projects that have already started. In this way, ZF Annotate supports the validation process in the most effective way and thus the goals of each developer on the way to a perfect product.
ZF is known for developing new technologies for various application areas. ZF Annotate can be used in all vehicle classes, both in the passenger car and commercial vehicle sectors.
"Reliability and efficiency are important factors in validating reference data in the development of increasingly popular advanced driver assistance systems," Klein said. "ZF Annotate offers both in one scalable system. With our solution, ZF brings another critical element on the road to the software-defined vehicle."
Using generative AI increases efficiency in large-scale battery manufacturing
Mexico. Honeywell has taken a step into the future of manufacturing with the launch of Battery MXP (Manufacturing Excellence Platform), an AI-powered software solution designed to revolutionize production in gigafactories dedicated to EV batteries.
This innovative platform not only promises to optimize the performance of battery cells, but also significantly accelerates the commissioning of production facilities. In a market where efficiency is critical, Honeywell is setting the tone by dramatically reducing scrap rates of starting material by up to 60%. This not only represents substantial savings in resources and energy, but also allows for a faster transition to efficient and cost-effective production.
The heart of Battery MXP lies in its ability to integrate artificial intelligence and machine learning into the manufacturing process. This advanced technology makes it possible to detect and correct quality issues before they impact production, turning complex data into insights that drive critical decisions to improve efficiency and productivity.
John Kem, President of American Battery Factory, puts it clearly: "With Honeywell's Battery MXP, we quickly establish a solid foundation for our network of
gigafactories. This solution is vital to reducing our waste and scaling quickly, while meeting the growing global demand for high-quality batteries."
In addition to improving quality control and product traceability, this platform guarantees comprehensive safety at all stages of the process, from raw material to final product. This not only protects gigafactory operators, but also ensures the reliability of the batteries for end consumers, mitigating recall risks and safety issues.
In a global context where the demand for lithium batteries is booming due to increasing electrification, José Simón, general manager of Honeywell Industrial Automation, underlines the strategic importance of Battery MXP: "With the construction of more than 400 gigafactories planned for 2030, this technology is crucial to maximize performance and accelerate production, overcoming traditional methods effectively."
Honeywell is positioned to drive the transition to a sustainable and efficient energy future. Battery MXP represents a significant milestone on this path, demonstrating the company's commitment to technological innovation and manufacturing excellence in the EV battery sector.
Latin Tyre & Auto Parts Expo 2024 in Panama
Panama. The tire and auto parts event closed its doors after 3 days of commercial exchange and networking at the Panama Conventions Center. The Aftermarket International team was covering the event.
From July 31 to August 2, more than 650 international exhibitors and 4,000 visitors gathered to explore the latest innovations in tires, auto parts, and automotive services in Latin America and the Caribbean.
The expo witnessed significant growth over previous editions, attracting representatives from 42 different countries. From tire manufacturers to leaders in the lubricant industry, exhibitors showcased cutting-edge products and innovative solutions designed for the region's expanding automotive market.
In addition to the trade show, the Latin Tyre & Auto Parts Expo 2024 offered educational and training sessions led by industry experts, addressing key topics such as technology trends, sustainability and market strategies. These sessions provided an invaluable platform for knowledge sharing and collaboration between key players in the sector.
The organisers are already planning future editions with the aim of continuing to facilitate business opportunities and promote innovation in this dynamic regional market.
Tire Market Projection
According to Allied Market Research , projections for the tire market in Latin America and the Caribbean are quite positive, as it is estimated to reach 4 billion dollars by 2027. This growth reflects the region's continued potential as a key market for investment and business expansion in the automotive sector.
Automechanika Ho Chi Minh City 2024: Opportunities in the Automotive Industry
International. Automechanika Ho Chi Minh City was an ideal platform for converging domestic and foreign automotive markets. Attendees praised the exhibition's ability to capture evolving industry trends and address dynamic market needs.
Judy Wang, President of Yorkers Exhibition Service Vietnam, said: "This edition of Automechanika Ho Chi Minh City in 2024 once again offered a window into Vietnam's automotive industry. Not only are they shaping new trade agreements that promise to import high-quality automotive technologies, systems and aftermarket solutions from abroad, but the country also has the ability to become one of Southeast Asia's leading automotive hubs in the supply chain."
The event hosted 482 exhibitors from 23 countries and regions, including nine pavilions from China, India, Indonesia, Korea, Malaysia, Singapore, Taiwan, Thailand, and the United Kingdom.
In addition, buyers traveled from 42 foreign countries and regions to attend the event, including Cambodia, China, India, Indonesia, Italy, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States, and others.
The Automotive Mobility Solutions Zone was one of the highlights demonstrating the adoption of electrification, digitalization, artificial intelligence, sustainability and ESG in transportation, manufacturing and automation along the automotive value chain.
The categorization brought together several exhibitors who presented a variety of electric and automotive driving
technologies, as well as connectivity and smart mobility solutions.
In addition, the Automotive Mobility Solutions Conference, which included a keynote and three related events, reflected the topics addressed at the exhibition. The events focused on how the supply chain, logistics industry, policies and regulations are adapting based on these trends.
The combination of business, workshops and entertainment attracted a wide range of visitors to the show. Distributors, manufacturers, automakers, retailers, and service providers were among the top buyers.
The Collision Repair Training Workshop was again sought after by local workshops. The comments suggest that the interest stemmed from a desire to better understand how digitalisation and electrification are playing larger roles in vehicle repair and maintenance.
The three-day program included several seminars and handson demonstrations that covered new tools and equipment. Participants noted that the actionable information and insights gained could easily be applied to day-to-day operations to improve efficiency, safety, and customer satisfaction within their businesses.
Key figures of Automechanika Ho Chi Minh City 2024:
• Visitors: 15,383 from 43 countries and regions (17% increase)
• Exhibitors: 482 from 23 countries and regions
• Area: 22,600 square meters (Halls A and B, as well as outdoor area)
• More than 50 experts, trainers and professionals at conferences and workshops
INA PAACE Automechanika, Messe Frankfurt's flagship event in Mexico
Mexico. From July 10 to 12, the auto parts event was held at the Banamex Center in Mexico City.
The event brought together more than 500 nationally and internationally renowned exhibitors in an impressive space of 29,180 square meters.
With approximately 27,000 visitors eager to explore the latest innovations in the aftermarket and auto parts, the fair proved to be a fertile field for the exchange of ideas and the establishment of strategic contacts.
Among this year's highlights was the debut of the International Aftermarket Summit, a high-level forum that attracted industry leaders to discuss emerging trends and future challenges.
"2024 was a great success for us as organizers, but above all for our exhibitors, who found here an ideal setting to do business and showcase their latest innovations," explained Constantin von Vieregge, CEO and President of Messe Frankfurt North America.
With each edition, the event demonstrates its ability to reinvent itself and exceed expectations, promising an even more promising future for the aftermarket and auto parts sectors in the region.
Among the exhibitors, we visited the stand of Vazlo, the auto parts
manufacturing and marketing company.
"We are characterized by innovation and quality, we are a 100% Mexican company, we are dedicated to engine mounts that are our spearhead with our Eagle brand that has been in the market for more than 15 years," said Francisco Guerrero, representative of the company.
In addition, we visited the ZF Aftermarket booth, where Thomas Kerkhoff, Director for Mexico, Central America and the Caribbean at the ZF Group, told us about some of the launches they advanced during the fair.
"What we are exhibiting this year is the portfolio that we manage, we are exhibiting our main line, where the innovation is that we are introducing shock absorber bases and together with them we are promoting kits. We want to promote the sale of the two components, both shock absorber and base, to have a more complete solution."
