Sogefi, Audi develop new suspension spring technology

Reuters

Published Jul 03, 2014 15:00

Sogefi, Audi develop new suspension spring technology

MILAN (Reuters) - Italian auto parts maker Sogefi (MI:SGFI) and Volkswagen's (DE:VOWG_p) Audi have jointly developed new suspension spring technology which will result in more precise driving and lighter parts, Sogefi said on Thursday.

Sogefi's shares rose more than 3 percent on the news, and were up 2.6 percent at 4.09 euros by 1333 GMT (02.33, outperforming a 1 percent rise in Milan's All-Share index .

The new suspension springs, based on a technology patented by Sogefi, will be made from a glass fibre-reinforced polymer instead of steel and will weigh between 40-70 percent less than traditional steel springs, the company said.