Tier 1 automotive supplier Marelli has appointed Frederick ‘Fritz’ Henderson as interim Chief Executive Officer, effective immediately. He succeeds David Slump, who remains on the board of directors until the company concludes its Chapter 11 restructuring. Following Henderson’s interim tenure, the company’s lenders intend to appoint Laurent Favre as the permanent Chief Executive Officer.

The company has also announced the appointment of Roberto Fioroni as Chief Financial Officer and Helen Redfern as Chief Human Resources Officer, with both scheduled to join on 1 May 2026.

Fioroni and Redfern move to Marelli from Dowlais Plc, where they served as Chief Financial Officer and Chief People Officer respectively. Fioroni replaces Alanna Abrahamson in the finance role.

Henderson’s career includes tenures as the Chief Executive of General Motors and Suncoke Energy, as well as the non-executive Chairmanship of Adient. His appointment is intended to provide stability as Marelli completes the final months of its financial reorganisation. The new leadership team will focus on the company's strategic roadmap and its transition into a growth phase following the legal proceedings.

Dinesh Paliwal, Executive Chairman of the Board, said, “These appointments are designed to transition Marelli’s leadership team as we seek to complete our restructuring. Fritz’s operating experience and automotive expertise will be invaluable to Marelli as we work through the final months of this process. The Board thanks David Slump for his contributions to the company’s operational and commercial restructuring and for guiding the business through a critical period under Chapter 11, ensuring continuity and stability across our global operations. We are grateful for his leadership, discipline and commitment to Marelli and its stakeholders.”

Frederick Henderson, stated, “Marelli is distinguished by its exceptional technology, long-standing customer relationships and tremendous global talent. As Marelli’s Interim CEO, my focus is on ensuring stability and continuity while translating the company’s strengths and potential into sustainable performance and long-term value. In the near term, my priorities are to finalise our strategic roadmap and support a successful emergence from Chapter 11. I am also pleased to welcome Roberto Fioroni as CFO and Helen Redfern as CHRO. Their experience and capabilities will further strengthen Marelli and support the company through this important transition and into its next phase of growth.”

David Slump, commented, “As Marelli finalises its strategic roadmap and prepares for its next phase of growth, now is a natural time to transition leadership. I’m proud of our team’s achievements over the past four years, particularly the steps taken in innovation and technology, and I am optimistic that Marelli will continue to build on its legacy following emergence from chapter 11. I want to thank Alanna for her leadership and contributions and wish her the best in future endeavours.”

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American automotive component maker BorgWarner has secured multiple turbocharger supply contracts with a European automotive manufacturer to support its passenger car and van programs.

The agreements include extensions of current supply contracts and a conquest business acquisition for several combustion engine platforms. The production is scheduled to commence in phases from Q2 2026 to Q2 of 2029.

The contracts cover turbocharger solutions for both petrol and diesel vehicle programs. The technologies to be supplied include variable turbine geometry, twin-scroll wastegate and regulated two-stage turbocharging systems. These components are designed to assist the vehicle manufacturer in meeting emission, fuel economy and engine performance targets.

Dr Volker Weng, Vice-President of BorgWarner Inc. and President and General Manager, Turbos and Thermal Technologies, said, “These business wins reflect BorgWarner’s strong turbocharging technology portfolio, our competitive solutions and the trust we have built with this long-standing customer. As the industry continues to demand highly efficient combustion solutions, BorgWarner remains committed to delivering advanced turbocharger technologies, reliable supply and strong launch execution for our customers around the world.”

Manufacturing for these programs will take place at BorgWarner’s production facilities in Rzeszów, Poland and Kirchheimbolanden, Germany. The supply agreements cover high-volume vehicle launches across multiple global markets.

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Automotive component supplier Pricol has announced its financial results for FY2026, reporting revenue of INR 39.63 billion, up 51.24 percent YoY. The net profit came at INR 2.50 billion, with an EBITDA margin of 12.44 percent.

During the year, Pricol received the ‘Excellence in New Model Cost & Development Award’ at the Honda Annual Supplier Convention 2026. The company noted that its growth was driven by a mix of organic and inorganic strategies, alongside continued investments in engineering, localisation and technology-driven mobility solutions.

Pricol has also announced a transition in its board leadership during the quarter. Vanitha Mohan has stepped down as Chairman, and will be succeeded by Vikram Mohan.

Vikram Mohan, Chairman & Managing Director, said, “FY2026 was a defining year for the global automotive industry, marked by supply chain disruptions, geopolitical trade tensions and continued market volatility. Despite these challenges, Pricol demonstrated strong resilience, agility and execution excellence, enabling us to outperform the market and achieve the significant milestone of INR 40 billion in total income through a balanced mix of organic and inorganic growth”.

Going forward, the company is monitoring global geopolitical developments that have contributed to currency volatility, higher commodity prices and increased freight costs. The company intends to mitigate these external pressures through disciplined cost management and operational efficiencies while remaining focused on product development and technology advancement.

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Remsons Automotive Ltd (UK), the United Kingdom subsidiary of Remsons Industries Limited, has been nominated by a global commercial vehicle OEM for a 10-year pedal box programme, with start of production scheduled for Q4 of 2028. The nomination carries an estimated lifetime value of approximately ₹160 crore over the programme term, making it another large nomination in the Group.
The nomination is a significant milestone for the entire Remsons Group, materially expanding the company's commercial vehicle order book and deepening its position as a Tier-1 system supplier to global truck and bus manufacturers. The pedal box programme moves Remsons further up the value chain from individual components to integrated, safety-critical sub-assemblies, and reinforces the strategic role of the UK subsidiary as the Group's gateway to European OEM business.

A critical structural, safety-critical assembly that integrates the brake and (where applicable) clutch pedals into a single mounted unit fitted to the vehicle's bulkhead, the pedal-box assebly contract at Remsons follows an extended technical evaluation and competitive sourcing process. The automotive supplier was assessed on engineering capability, manufacturing readiness, quality systems, programme management and total landed cost over the ten-year programme life.

“This nomination is a landmark moment for the Remsons Group. Securing a ten-year pedal box programme of this scale with a global commercial vehicle OEM validates the engineering depth, manufacturing capability and quality systems that we have built across our Indian and UK operations. It is a defining win for the entire Group and provides clear, multi-year revenue visibility into the next decade,” said Davinder Bains, MD, Remsons Automotive Ltd.

With SOP scheduled for Q4 2028, programme tooling, validation and capacity planning will be progressed across the Group's UK and India operations over the next several quarters. The programme is expected to ramp to full series volumes thereafter and contribute to revenue across the contracted ten-year horizon. 
 

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American tier 1 supplier BorgWarner has secured two significant ‘conquest’ program awards in Asia, strengthening its position in both the combustion and hybrid powertrain segments. The contracts involve a latest-generation wet dual clutch for a Chinese OEM and a specialised variable cam timing (VCT) system for a Japanese OEM.

The awards were disclosed alongside the company’s Q1 2026 financial results, which highlighted a total of 12 new business wins across its global portfolio.

BorgWarner will supply its latest-generation wet dual clutch. The system uses high-performance friction materials and an optimised groove design to reduce drag torque, improving overall transmission efficiency and fuel economy. It features a new integrated wave spring for enhanced robustness and cost-effectiveness. Start of production (SOP) is planned for the second half of 2026.

Secondly, the company won a contract for a Torsional Assist (TA) Variable Cam Timing (VCT) system. This centre-bolt architecture simplifies internal oil passages compared to traditional oil-pressure systems, enabling faster cam phasing and more reliable lock-pin engagement – critical for the high-efficiency requirements of modern hybrid engines. The production is slated to begin in 2028.

Isabelle McKenzie, Vice President of BorgWarner Inc. and President and General Manager, Drivetrain and Morse Systems, said, “These new conquest awards reflect BorgWarner’s continued commitment to advancing efficient and competitive propulsion solutions. They demonstrate the resilience and growth potential of our propulsion business in Asia.”

The ‘conquest’ nature of these wins – securing business previously held by competitors – underscores BorgWarner's aggressive expansion in the Asian market. These announcements follow a string of recent successes in the region, including three eMotor awards in China and South Korea announced in April 2026.

While the company reported a slight organic net sales decline of approximately 1.5 percent to 3.5 percent for the full year 2026 due to volatile market conditions, these long-term contracts in the hybrid and SUV segments are expected to be key drivers for profitable growth through the end of the decade.

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