ThyssenKrupp to Shed Axle-Making Unit
ThyssenKrupp AG plans to sell its automotive axle-making business, sources tell Reuters. They say the German steelmaker has asked French banker BNP Paribas to find a buyer.
The automotive systems unit assembles axles on a contract basis from purchased components. The business generates about €1 billion in sales, but margins are weak, according to Reuters' sources. They say shedding the unit would improve the margins of it parent, ThyssenKrupp's Components Technology division.
The axle-making unit competes with such manufacturers as American Axle, Benteler and ZF.
The future of e-mobility depends on collaboration. Automotive companies will need to build business models based on strengths and limitations to tap into the EV value chain and fully capitalize on the opportunities within the new EV ecosystem.
I'm not talking about a plastic Revell model of a '57 Chevy, but a real vehicle, one that rolls off an assembly line in 1999 with another 99,999 just like it right behind. Is it possible, or is this just a fantasy of the marketing department at Elmer's?
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).