Executive Snapshot

• Dräxlmaier closes Zrenjanin (~1,100 harness jobs by Mar 2027) and Magna closes Waldshut-Tiengen electronics (255 jobs, spring 2027) — more EMEA Tier-1 capacity coming out.

Top Developments

1. Dräxlmaier to close its Zrenjanin (Serbia) wire-harness plant by end-March 2027, affecting about 1,100 jobs after failing to win a replacement project

   A management notice to staff on 4 Nov (signed by Eastern Europe operations lead Gvido Majnelt and HR VP Tobias Afsali) says current projects stop by end-January 2027 and the plant close…

   Source: Srpske Novine / management notice (4 Nov, EN) · RTS (4 Nov, SR) · Dnevnik / ekapija (4 Nov, SR) · Tanjug (4 Nov, SR)

2. Magna plans to close its Waldshut-Tiengen electronics plant (camera/radar, ADAS) by spring / end-Q1 2027, cutting 255 jobs — a third south-German site exit after Rosenberg and Dorfprozelten

   Magna told staff on 3 Nov and confirmed to SWR/dpa that the Baden-Württemberg electronics site is not viable long term given changing industry conditions; closure is planned by spring /…

   Source: SWR / tagesschau (4 Nov, DE) · Süddeutsche / dpa (4 Nov, DE) · Südkurier (4 Nov, DE)

3. Versigent’s first stand-alone EDS quarter: Q3 sales $2.45bn (+7.2%, ~+1% adjusted), adj. EBITDA $275m (11.2% margin, +40 bps); raises FY sales and FCF midpoints; EMEA adjusted sales −8%

   Net sales $2,450m; adjusted diluted EPS $1.91 (vs ~$1.78 consensus); adj. EBITDA $275m (+10.9%). Free cash flow $170m (vs $179m) on higher launch capex.…

   Source: Versigent Q3 release (4 Nov) · MarketBeat Q3 wrap (4 Nov) · Global Banking & Finance, share move (4 Nov)

4. EP ENVI committee backs a weaker 2035 car CO₂ target of 87.5% (plus up to 7.5% EU low-carbon-steel credits to 95%); vans to 80%; plenary expected in December

   On 4 Nov ENVI adopted the mandate 48–30–2. Cars: 2035 fleet cut lowered from 100% to 87.5%, with residual emissions up to 7.5% of the 2021 reference offset by EU-made low-carbon-steel c…

   Source: European Parliament press (4 Nov) · Agence Europe (4 Nov) · ACEA statement (4 Nov) · Euronews (4 Nov)

5. Toyota H1 FY2027: operating income ¥2.191tn (+9.2%), net income ¥2.236tn (+26%); raises full-year op. income guidance to ¥3.9tn (+¥0.5tn) and trims sales-revenue outlook to ¥53.5tn

   H1 sales revenue ¥26.963tn (+9.5%). Op. income rose on volume/mix and improvement actions despite materials-price headwinds (about −¥465bn in the H1 bridge) and earlier production disru…

   Source: Toyota IR financial results page (5 Nov) · Toyota FY2027 2Q summary PDF · Toyota 2Q presentation PDF · Car Watch (5 Nov, JP)

6. Aumovio (ex-Continental Automotive) Q3: adjusted sales €3.97bn (−12%), adj. EBIT €137m (margin 3.5%); confirms 2026 guidance; flags tougher Safety & Motion outlook after the BMW settlement

   Q3 adj. sales €3,970m (−12.0%); adj. EBIT €137m (−10.5%) but margin up slightly to 3.5%. 9M adj. sales €12.6bn (−9.8%), adj. EBIT €294m (−29%). Q3 order intake €6.4bn (vs €3.2bn).…

   Source: Aumovio Q3 quarterly statement PDF (EQS) · Aumovio analyst presentation PDF (EQS)

7. Renault CEO François Provost: 2035 ICE ban 'unrealistic'; Europe’s car market already down ~3m units/year vs pre-Covid and could lose another ~3m by 2030; Chinese cost gap ~35%

   In a 4 Nov interview with Il Fatto Quotidiano, Provost says Europe should not impose 2035 as a hard stop, expects a post-2030 mix closer to 50% BEV / 50% hybrid-REEV if the market decid…

   Source: Il Fatto Quotidiano interview (4 Nov, IT) · Mecapress summary (EN)

8. Stellantis to switch 'many' European nameplates from NMC to cheaper LFP batteries from 2027, alongside the STLA One mega-platform, to cut EV costs

   On the Q3 call (picked up in detail by Automotive Logistics on 4 Nov), CEO Antonio Filosa said from 2027 many European nameplates will move from NMC to LFP cells as one of two 'very imp…

   Source: Automotive Logistics (4 Nov) · Electric Vehicles / Filosa LFP+STLA One wrap

9. Germany October: registrations +2% to 254,500, BEV +79% (37% share) and e-share 48.2%; domestic production −7% and exports −10%

   VDA (3–4 Nov): October Pkw registrations 254,492 (+2% YoY); BEV 94,086 (+79%); PHEV 28,499 (−8%, first drop since Sep 2024); total e-share 48.2%. YTD registrations 2.48m (+5%).…

   Source: VDA press release (3–4 Nov, DE) · VDIK (EN)

10. IG Metall: third-round Baden-Württemberg talks open today in Ludwigsburg after another warning-strike day; no result yet

    Talks for ~900,000 BW metal/electrical workers start around midday 5 Nov in Ludwigsburg (tagesschau 06:33 CET).…

    Source: tagesschau / SWR (5 Nov, DE) · IG Metall BW press (4 Nov, DE) · n-tv / dpa, third round (DE)

11. Japanese wire & cable makers extend their sell-off: Furukawa Electric about −17% and Fujikura about −11% on 5 Nov, ahead of H1 results next week

    On 5 Nov in Tokyo, Furukawa Electric (5801) traded around ¥2,144 (−17%), Fujikura (5803) around ¥3,260 (−11%) and Sumitomo Electric (5802) around ¥1,431 (−7%), continuing the AI/data-ce…

    Source: Yahoo Finance Tokyo quotes (5 Nov) · Yahoo Finance Fujikura · Furukawa IR calendar