As in other areas of materials technology, the tendency towards light weight constructions becomes more and more important also for powder metallurgy. The development is mainly driven by the automotive industry looking for mass reduction of vehicles as a major factor for fuel economy. Powder metallurgy has to offer a number of interesting areas including the development of sintered materials of light metals. PM aluminium alloys with improved properties are on the way to replace ferrous pars. For high temperature applications in the engine, titanium aluminide based materials offer a great potential, e.g. for exhaust valves. The PM route using elemental powders and reactions sintering is considered to be a cost effective way for net shape parts production. Furthermore it is expected that lower costs for titanium raw materials coming from metallurgical activities will offer new chances for sintered parts with titanium alloys. The field of cellular metals expands with the hollow sphere technique, that can provide materials of many metals and alloys with a great flexibility in structure modifications. These structures are expected to be used in improving the safety (crash absoption) and noise reduction in cars in the near future and offer great potential for many other applications.