Automotive and business brief

Snapshot

• Samvardhana Motherson Q2 FY27: record revenue ₹38,280 crore (+27%), driven by acquisitions and wire harness; harness segment revenue ₹14,382 crore vs ₹8,550 crore a year ago; booked business at a record $106bn
• Aumovio warns chip and PCB inflation will 'explode' in 2027 and expects a gross material-cost hit of at least €1bn; it will seek full recovery from OEMs, and earlier in the year than usual
• Bosch to cut another 750 jobs at Abstatt (Vehicle Motion development) by end-2029, citing Chinese competition and engineering moving to China; planned German mobility cuts since 2024 now near 24,000

Top Developments

1. Samvardhana Motherson Q2 FY27: record revenue ₹38,280 crore (+27%), driven by acquisitions and wire harness; harness segment revenue ₹14,382 crore vs ₹8,550 crore a year ago; booked business at a record $106bn

   The board approved Q2 results on 5 Nov. EBITDA was ₹3,353 crore (+23%, margin ~8.8%) and profit attributable to owners ₹1,175 crore (+42%). The quarter is the first to consolidate Nexans Autoelectric and Elektrokontakt (closed July 2026). Motherson flags copper up 6% quarter on quarter as a continuing cost headwind. Net leverage is 0.8x, which leaves room for more deals; capex guidance is ~₹6,000 crore for the year, with 17 plants in progress.…

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Motherson results filing (BSE, 5 Nov) · Autocar Professional (5 Nov) · Zee Business (5 Nov)

2. Aumovio warns chip and PCB inflation will 'explode' in 2027 and expects a gross material-cost hit of at least €1bn; it will seek full recovery from OEMs, and earlier in the year than usual

   The Q3 numbers were in yesterday's brief. What's new is the call commentary. Interim CFO Claus Bauer said AI data-centre demand lets chip, memory and PCB makers sell twice their capacity to buyers who aren't price-sensitive. Annual supplier contracts create a price 'cliff' on 1 January. Aumovio wants OEMs to compensate during the year rather than in Q4, and will cover the rest through redesigns and cost cuts.…

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Reuters via MarketScreener (5 Nov, DE) · Bloomberg via CNBC-TV18 (6 Nov) · Q3 call transcript

3. Bosch to cut another 750 jobs at Abstatt (Vehicle Motion development) by end-2029, citing Chinese competition and engineering moving to China; planned German mobility cuts since 2024 now near 24,000

   Staff were told on 4 Nov evening; a Bosch spokesperson confirmed to SWR. The site has ~5,300 people; cuts hit braking, vehicle-motion software, occupant safety and sensor development. Cross-Domain Computing Solutions and Bosch Engineering at the site are not affected. Bosch says Chinese OEMs are increasingly launch customers for steer-/brake-by-wire and customer-near development is shifting to China. Comes on top of 900 Nuremberg cuts (Sept).

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: tagesschau / SWR (5 Nov, DE) · t-online (5 Nov, DE)

4. IG Metall metal round: Baden-Württemberg third round ended without a deal, but the union offered a time-limited 'solution corridor' (workforce contributions in return for binding site and job guarantees); four regions negotiate today

   Südwestmetall's Peter Krause called the proposal 'a remarkable step' but said the sides are 'very far apart' on the overall package. Employers are still offering a €660 one-off in July 2027 plus 1.3% from July 2028; the union wants 5% over 12 months. IG Metall wants answers by Monday's NRW round in Düsseldorf. Third rounds run today (6 Nov) in Bremen (Küste), Berlin, Frankfurt (Mittelgruppe) and Hannover.…

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Handelsblatt (5 Nov, DE) · IG Metall tariff ticker (DE) · NDR (6 Nov, DE)

5. Stellantis extends the Fiat 500 stoppage at Mirafiori through 13 Nov, the fourth straight week; unions refuse to sign the short-time (cassa integrazione) agreement

   Stellantis attributes the last two weeks to the shortage of the chip/engine control unit for the N3 GSE engine. Fiom and other unions say weak demand for the 500 Hybrid is the real cause and the chip is an 'alibi'. The earlier warning said disruption could last through December.

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Reuters via Euronext (5 Nov) · Quattroruote (5 Nov, IT) · MilanoFinanza (5 Nov, IT)

6. EU weighs an import 'kill-switch' instrument to restrict market access quickly in serious disruptions; China threatens retaliation

   Brussels is preparing a formally country-neutral tool that would let it restrict imports or cut market access quickly in response to severe disruption or unfair treatment, widely seen as aimed at China. It is to be presented by year-end as part of Trade Commissioner Šefčovič's diversification package. Beijing warned it would retaliate. EU–China talks continue, and nothing has been adopted.

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Euronews (5 Nov) · Agence Europe (Šefčovič package)

7. Insolvent German supplier Bayrak stops production and will close its Rehburg-Loccum (Lower Saxony) plant on 31 Jan 2027, cutting ~270 jobs, after no buyer was found and customers pulled orders

   A reconciliation of interests and a social plan have been agreed with the works council. This is the company's second insolvency in a short period; earlier reports put ~400 jobs at risk across the group.

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: NDR (5 Nov, DE) · tagesschau (5 Nov, DE)

8. Daimler Truck Q3: revenue €11.6bn (+20%), adjusted EBIT €1,124m (+73%), return on sales 9.1%; Trucks North America unit sales +51%; full-year guidance confirmed

   Free cash flow in the industrial business was €974m, helped by a partial sale of the ARCHION stake. Mercedes-Benz Trucks raised revenue and adjusted EBIT (sales +13%), while Daimler Buses volumes fell 16%. Group incoming orders rose 10%.

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Daimler Truck press release (6 Nov) · Handelsblatt (6 Nov, DE)

9. AI/chip sell-off hits connector peers: Amphenol −9.3% and TE −6.3% on 5 Nov; Aptiv −5.6% to a new 52-week low; Japanese cable makers fall further in Tokyo today

   A broad tech sell-off after Qualcomm's results and worries about AI capex hit the names priced for data-centre growth. Amphenol closed at $71.64, TE at $206.36 and Aptiv at $40.85. Lear (−3.9%), Magna (−4.3%) and Versigent (−4.0%) also fell. In Tokyo this morning Fujikura was down about 9%, Furukawa about 9% and Sumitomo Electric about 5%, extending the earlier slide.

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Reuters via Euronext (5 Nov) · Yahoo Finance APH · Yahoo Finance APTV

10. Valeo and QNX launch a production-ready front-view smart camera platform at CIIE Shanghai, with design wins at several Chinese OEMs and production expected this year

    It combines QNX OS for Safety with Valeo's ADAS hardware and full software stack. The design wins are China-first.

    AI-generated summary · not individually reviewed · check the linked sources

    Sources: Valeo/QNX release via Newswire (6 Nov)

Watch Next

• Today, Fri 6 Nov: IG Metall third rounds in Bremen, Berlin, Frankfurt and Hannover; Daimler Truck call at 08:00 CET.
• Mon 9 Nov: IG Metall NRW meets in Düsseldorf, with Baden-Württemberg negotiators attending and employers due to answer on the solution corridor; Saxony and Saxony-Anhalt rounds; Győr union rally (12:00–14:00, Audi Aréna car park) over the WKW closure; Furukawa Electric H1.
• Tue 10 Nov: China's rare-earth export-control suspension ends unless MOFCOM extends it (no notice as of this morning); Infineon FY results; Honda H1; electronica Munich opens (10–13 Nov).
• After 13 Nov: Mirafiori restart date, and whether the ECU shortage spreads to Pomigliano and Termoli.
• Marelli Chapter 11: creditor vote closes 23 Nov; confirmation hearing on 8 Dec in Delaware; EU plants are operating.

Earnings Calendar — Next 7–10 days

Market data: TradingView, Yahoo Finance (delayed). Not investment advice.