Latest Automotive Components News

PWR Holdings has announced significant board changes following its AGM, with founder Kees Weel stepping down as Managing Director to become Chairman, alongside new appointments to key governance roles.

Schaffer Corporation has pulled its first-half profit forecast for its Automotive Leather division following a major cyber-attack on Jaguar Land Rover that halted production. The incident casts uncertainty over short-term sales and profitability.

Amotiv Limited reported a modest 1% revenue increase for FY25 alongside a significant $190 million impairment, maintaining shareholder returns with a stable dividend. The company signals cautious optimism for FY26 despite ongoing market headwinds.

PWR Holdings announces founder and Managing Director Kees Weel’s phased return from medical leave and planned transition to Non-Executive Chairman after the October AGM, as the company embarks on a global CEO search.

Amotiv Limited reports a slight decline in EBITA for FY25 alongside a significant non-cash impairment on its APG business, reflecting a cautious outlook amid challenging market conditions.