thyssenkrupp Automotive Technology segment plans to focus its U.S. production network

• thyssenkrupp Presta North America, LLC’s production site in Terre Haute, Indiana, is expected to close by March 31, 2027

• Affected chassis activities to be realigned with a focus on thyssenkrupp Bilstein of America, Inc. in Hamilton, Ohio

• North America remains an important market and production region for thyssenkrupp Automotive Technology

thyssenkrupp Presta North America, LLC, part of the thyssenkrupp Automotive Technology segment, plans to close its production site in Terre Haute, Indiana, by March 31, 2027. As part of the planned closure, the affected U.S. production activities in the chassis business are expected to be reorganized going forward, with a focus on the Hamilton, Ohio, facility. The planned measure is part of the segment’s ongoing transformation and is intended to make its North American business more competitive over the long term in response to changing market and customer requirements. Until the planned closure, the site is expected to be phased down in an orderly manner, while ensuring customer supply throughout the transition period. The Terre Haute site currently employs around 230 people.

“The planned adjustment of our U.S. production network is an important step toward strengthening the long-term competitiveness of our North American business,” said Viktor Molnar, COO of thyssenkrupp Automotive Technology. “The automotive industry is undergoing profound change. Customer requirements, volume developments and cost structures call for leaner, more focused and more efficient production structures. By realigning the affected chassis activities with a focus on Hamilton, we aim to simplify our U.S. footprint in this area, deploy resources more effectively and create a stronger operational foundation for existing and future customer programs.”

thyssenkrupp Automotive Technology is undergoing a comprehensive transformation. The objective is to align the segment’s global setup more closely with profitable growth, greater operational performance and clearer structures. This also includes regularly reviewing production networks and adapting them to changing market, cost and customer requirements.

“We recognize that the planned closure represents a significant change for the employees in Terre Haute and for the local community,” said Yashar Kazemi, President of thyssenkrupp Presta North America, LLC. “The site and its employees have made an important contribution to our business and our customers over many years. Our focus now is on managing the next steps in an orderly and responsible manner and in line with applicable requirements.”

North America remains an important market and production region for thyssenkrupp Automotive Technology. In fiscal year 2024/2025, the segment generated sales of around €2.1 billion in the region and supplied nearly all major automotive manufacturers and commercial vehicle customers.

The Terre Haute and Hamilton sites manufacture products for the chassis business of thyssenkrupp Automotive Technology: Terre Haute has produced steering components, while Hamilton focuses on shock absorber systems. By realigning the affected chassis activities with a focus on Hamilton, the company aims to create a clearer U.S. setup in this area, reduce interfaces and establish a sustainable long-term basis for existing and future customer programs. As part of this approach, the Hamilton site is expected to be further developed as a focused U.S. production base and selectively strengthened through targeted staffing measures.