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Automotive 8% $2.5 billion
Alcoa segments that sell products to this market: Flat-Rolled Products,
Engineered Solutions, Extruded and End Products
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Alcoa supplies advanced components and systems to most of the major
global automotive OEMs. Alcoa’s technology can be found in engineered
automotive components such as wheels, driveshafts, closures,
and electronics, as well as in sophisticated system-level solutions
such as full-vehicle body structures and advanced electrical systems.
Recent CO2 and fuel economy-related regulatory actions in Europe
and North America will bring increased attention to aluminum and its
ability to reduce fuel consumption without sacrificing safety.
Global auto production continued to grow at a robust rate of 5% versus
2006 led by growth in China, Southeast Asia, and South America.
Europe had another strong year, posting growth of 6%. In contrast,
North American production fell 2%. North American-based auto
manufacturers continue to be forced to cut production and restructure
at home as they lose share to Asian-based manufacturers.
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