Latest news with #Astemo
Forbes
10 hours ago
- Automotive
- Forbes
Supplier Astemo Seeks To Deal With Automotive Industry's Future
Logo for Japan's Astemo automotive supplier Japan's Astemo Group and its Astemo Americas unit are making major adjustments amid changes in the auto industry. Astemo Americas is at work related to new technology, including steer by wire, break by wire, and autonomous driving. Astemo Group is looking to do an initial public offering in 2026. Currently, the company is 40% owned by Honda Motor Co., 40% by Hitatchi Ltd., and 20% by private equity. The U.S. unit, Astemo Americas, is looking to expand from its Farmington Hills, Michigan, complex. It changed its name to Astemo Americas last month. 'We're growing out of this facility,' said Tim Clark, CEO and president of Astemo Americas. 'We're bursting at the seams.' The executive said the supplier's new quarters will remain in the greater Detroit area. The company is looking for a site that could include an actual test track, rather that doing test drives in a parking lot. Astemo has 80,000 employees globally and 14,000 in the Americas. Its customers include Honda, Volkswagen AG, and General Motors Co. The supplier provided a briefing on Friday to automotive journalists. With the planned IPO, there's the question whether Astemo's relationship with Honda may change. 'We are very close to them,' Clark said of Honda. After the IPO, 'I don't think that will change…It's a very good relationship.' What follows are other topics discussed by Astemo Americas: --China's decision to limit rare earths to the U.S.: 'I think magnets are affecting almost every auto supplier,' said Rob Sharpe, senior vice president of sales and marketing for Astemo Americas. The impact on Astemo Americas? 'Not yet, but soon,' Sharpe said. 'We're counting the days.' An April 27 story on the Forbes website said, 'Rare earths are the great multiplier in the production of electricity and the efficiency of motors. Without them wind turbines would probably not be worth constructing — rare earths increase the output from a wind turbine fivefold or better and the same dynamic is at work in the efficiency of motors.' --Tariffs: The administration of President Donald Trump has imposed tariffs of 25% on imported vehicles and parts. Tariffs are levied on importers of products. Typically, those costs are passed on to customers. Tariffs are not paid from one country to another. 'The tariff is no fun,' Clark said. 'I wish it were gone.' He added: 'We are looking to see where we can localize' parts. The briefing included media test drives of vehicles with Astemo technology. The cars and trucks were production models equipped with prototypes of Asemto tech.
Yahoo
16-04-2025
- Automotive
- Yahoo
Astemo Achieves Automotive Parts Association Distinguished OE Partner Award
Astemo Aftermarket Division receives award at association's Annual General Meeting LOS ANGELES, April 16, 2025 /PRNewswire/ -- The Aftermarket Division of Hitachi Astemo Americas has received the Automotive Parts Association's Distinguished OE Partner Award. The award was presented at a dinner during the Automotive Parts Association (APA) Annual General Meeting held recently in New Orleans. "Our annual general meeting is where connections are made, ideas sparked and partnerships thrive," said APA President Steve Tucker. "We are grateful to everyone who joined us in New Orleans to collaborate and celebrate our shared successes." Astemo is a global Tier One supplier of mobility solutions for the automobile and motorcycle industries. The company's aftermarket group also is a leading supplier of automotive and motorcycle aftermarket products throughout the United States, Canada, Mexico and Latin America as well as elsewhere around the world. "This prestigious APA award is a tribute to the customer-focus, hard work and dedication of our aftermarket team throughout the Americas," said Gary Plover, vice president of Astemo's Americas Aftermarket Business Division. "We're proud to be part of a global aftermarket organization that supports the needs of millions of customers with products that feature cutting edge technology." Astemo's aftermarket product lines include drive-control, engine-management and a full range of rotating electrical products, as well as ride-control, fuel and brake systems for the powersports market. About AstemoAstemo, headquartered in Tokyo, Japan, is a joint venture between Hitachi, Ltd., Honda Motor Co., and JIC Capital, Ltd. With 80,000 employees worldwide and operations in Americas, Asia, China, Europe and Japan, the company is a global mega-supplier in the automotive industry. The Electric Business Division, Vehicle Business Division, and Motorcycle Business Division are engaged in the development, manufacture, sales, and service of automotive parts as well as transportation and industrial machinery and systems. Astemo is committed to creating a sustainable society and delivering enhanced corporate more information, visit: About Hitachi Astemo Americas, Astemo Americas, Inc. manufactures and markets engine management, electric powertrain and integrated vehicle controls for major automotive manufacturers worldwide, adhering to ISO/TS:16949:2009 industry standards. Additional information about Hitachi Astemo Americas is available at View original content to download multimedia: SOURCE Hitachi Astemo Americas, Inc. Sign in to access your portfolio
Yahoo
17-02-2025
- Automotive
- Yahoo
Hitachi Astemo Continues INDYCAR Partnership with Team Penske and Chevrolet
Josef Newgarden took a second consecutive Indy 500 checkered flag in 2024 FARMINGTON HILLS, Mich., Feb. 17, 2025 /PRNewswire/ -- Hitachi Astemo (Astemo), a leading automotive industry supplier, continues its NTT INDYCAR SERIES partnership with Team Penske for a 14th consecutive year in 2025 as a sponsor of the No. 2 Dallara/Chevrolet driven by Josef Newgarden. A two-time series champion, Newgarden last year became the first driver in more than 20 years to score back-to-back Indianapolis 500 wins, while also giving Team Penske a record 20th Indy 500 victory. Astemo supplies fuel-system components for all of the 2.2-liter twin-turbocharged Chevrolet race engines in the series, last year helping Chevrolet win its ninth NTT INDYCAR SERIES Manufacturing Championship since returning to INDYCAR competition in 2012. "Winning is all about teamwork," said Team Penske President Tim Cindric. "Josef Newgarden and this No. 2 Hitachi Astemo Chevrolet team are proven winners, yet we still have plenty to prove going into the 2025 season." Originally from Hendersonville, Tenn., the 33-year-old Newgarden is the most successful driver in the NTT INDYCAR SERIES. He completed the 2024 season with more than 30 career INDYCAR victories. In addition to being the back-to-back winner of the 2023 and 2024 Indianapolis 500, he also is the 2017 and 2019 INDYCAR SERIES champion and the 2011 Indy Lights champion. "We're looking forward to another record-setting partnership year with Chevrolet and Team Penske," said Rob Sharpe, senior vice president of sales and marketing at Hitachi Astemo Americas. "With Josef Newgarden in command of the No. 2 Astemo Chevrolet the outlook for 2025 is a bright one." Sharpe added that the appearance of the No. 2 Penske Chevrolet will undergo a major change for the upcoming season. The primary body color will switch from black to bright red and the Astemo name will appear on the sides and rear wing of the car. Team Penske and Astemo late last year announced the extension of their winning partnership for the 2025 NTT INDYCAR SERIES season and beyond. 2025 NTT INDYCAR SERIES -- Astemo Primary Sponsored Races* Date City Race Course March 2 St. Petersburg, FL Streets of St. Petersburg March 23 Thermal, CA Thermal Club April 13 * Long Beach, CA Streets of Long Beach May 4 Birmingham, AL Barber Motorsports Park May 10 * Indianapolis, IN Indianapolis Motor Speedway (Road Course) May 25 Indianapolis, IN The 109th Indianapolis 500 June 1 * Detroit, MI Streets of Detroit June 15 Madison, IL World Wide Technology Raceway June 22 Elkhart Lake, WI Road America July 6 Lexington, OH Mid-Ohio Sports Car Course July 12 * Newton, IA Iowa Speedway Race 1 July 13 * Newton, IA Iowa Speedway Race 2 July 20 Toronto, Ontario Streets of Toronto July 27 * Monterey, CA WeatherTech Raceway Laguna Seca August 10 * Portland, OR Portland International Raceway August 24 West Allis, WI Milwaukee Mile August 31 * Lebanon, TN Nashville Superspeedway * Races where Astemo logo will be prominently displayed on the car of Josef Newgarden. More info on Astemo's motorsports programs is available at: Josef Newgarden and the 2025 INDYCAR season are previewed in this short FOX video: Fox 2025 INDYCAR Preview About Hitachi Astemo, Astemo, headquartered in Tokyo, Japan, is a joint venture between Hitachi, Ltd., Honda Motor Co., and JIC Capital, Ltd. With 80,000 employees worldwide and operations in Americas, Asia, China, Europe and Japan, the company is a global mega-supplier in the automotive industry. The Electric Business Division, Chassis & ICE Business Division, and Motorcycle Business Division are engaged in the development, manufacture, sales, and service of automotive parts as well as transportation and industrial machinery and systems. Hitachi Astemo is committed to creating a sustainable society and delivering enhanced corporate value. For more information, visit: About Hitachi Astemo Americas, Astemo Americas, Inc. manufactures and markets engine management, electric powertrain and integrated vehicle controls for major automotive manufacturers worldwide, adhering to ISO/TS:16949:2009 industry standards. Additional information about Hitachi Astemo Americas is available at About Team PenskeTeam Penske is one of the most successful teams in the history of professional sports. Cars owned and prepared by Team Penske have produced more than 640 major race wins, over 690 pole positions and 47 championships across open-wheel, stock car and sports car competition. Over the course of its 58-year history, the team has also earned 20 Indianapolis 500 victories, three Daytona 500 Championships, a Formula 1 win, victories in the 24 Hours of Daytona and the 12 Hours of Sebring, along with a win in Australia's legendary Bathurst 1000 race. Team Penske competed last year in the NTT INDYCAR SERIES and NASCAR Cup Series. Through a Team Penske global partnership, Porsche Penske Motorsport also raced in the IMSA WeatherTech SportsCar Championship and the World Endurance Championship. For more information about Team Penske, please visit View original content to download multimedia: SOURCE Hitachi Astemo, Ltd.
