September 26, 2023


Where Innovation Lives

Here’s the Automotive News 2022 list of top suppliers

2 min read


“The discussions are robust,” he explained. “But the truth is prices are going up, and we have to come across a way to make the two functions full.”

Robert Bosch retained its No. 1 position on the most current version of the major suppliers checklist, with income of $49.14 billion to automakers throughout the world in 2021.

Similarly, Canadian provider Magna Worldwide Inc. has been chatting with automakers about techniques to strike a much better stability monetarily. Magna ranked No. 4 on this year’s checklist, with income of $36.2 billion to automakers worldwide.

“We continue on our conversations with customers at many degrees pretty much on a everyday foundation,” Magna CEO Swamy Kotagiri stated all through a call with analysts in April.

He said talks among Magna, the most significant North American vehicle provider, and automakers have been “open and transparent” but often “tough.”

“Heading forward, we will attempt to mirror the new economics in our most important markets in North America and Europe,” Kotagiri mentioned. “Inflation has been steady and modest for a very long time, as an example, but now it’s substantial. … We are hunting at unique arrangements heading forward to see how we can get well the amplified fees.”

Even with the lots of issues suppliers are going through, mergers, acquisitions and other offers continued at a continuous speed as organizations seemed to prepare for a growth in electrical car output and ongoing progress in driver-support technologies.

Maybe the most substantial-profile was Faurecia’s acquisition of a managing stake in Hella, which was announced in late 2021 and shut in 2022. Faurecia ranked No. 8 on the 2021 edition of the Automotive Information major suppliers checklist, although Hella ranked No. 41.

The put together organization is now acknowledged as Forvia and produced its debut on the 2022 checklist at No. 7, with gross sales of $25.88 billion to automakers in 2021.

Other newcomers to the record involve drivetrain supplier Vitesco Systems, a previous unit of German supplier Continental, at No. 26, and Freudenberg Group at No. 47.

The five most significant suppliers in the earth had been unchanged from 2020. Bosch ranked very first, followed by Denso Corp. ($43.57 billion in world wide income to automakers), ZF Friedrichshafen ($39.3 billion), Magna and Aisin Corp. ($33.48 billion).

Continental, No. 6 on the 2020 list, fell to No. 8 on this year’s version subsequent the spinoff of Vitesco Technologies. It marketed $24.2 billion in elements to automakers in 2021.

German provider BASF entered the best 10 right after finishing No. 13 in 2020, having bought $21.35 billion to automakers in 2021. Hyundai Mobis, in the meantime, rose from No. 7 previous year to No. 6 this year.

U.S. supplier Lear Corp. completed No. 10, down from No. 9 past yr, when French provider Valeo fell out of the top rated 10.


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