Automotive
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While much of the world's output is grinding to a halt because of coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights.
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A concept bucket seat designed by Porsche relies on 3D printing for its construction. The comfort layer is polyurethane-based.
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Shanghai Carthane, a Chinese maker of polyurethane NVH products, pegs its unaudited net profit in 2019 at CNY 85m ($12m), down by 33% from 2018.
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World car registrations in February 2020 were down 19.9% compared with the same month in 2019 at 5.08m units, according to LMC Automotive. Higher US sales could not compensate for an 80% fall in car sales in China.
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Paracoat Products, which makes polyurethane NVH products in India, is planning to expand into Central Europe this year. It may move into Vietnam as well.
West European car registrations in February 2020 were down by 7.0% compared with February 2020 at 960,000 units.
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Automotive interior company Adient is selling its automotive fabrics manufacturing and lamination business to Sage Automotive Interiors.
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Autoneum, a global automotive seating and interiors company, had a tough year in 2019. EBIT fell by EUR 146m turning a profit of EUR 114m in 2018 into a loss of EUR 32m in 2019.
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Automotive retail sales in the US are likely to be 1.02m in February 2020. This is because of a calendar quirk that has given the month five weekends.
