Thin-wall gray cast iron (TWGCI) can be seen as a potential material for the preparation of lightweight castings in automotive engineering applications. This article discusses the most important challenges for TWGCI: cooling rate, solidification, macrostructure, microstructure, and chilling tendency. It reviews the tensile properties and thermophysical properties of gray cast iron. The article describes the variables that influence molten iron preparation: charge materials, melting furnace thermal regime, chemical composition, modification and inoculation treatment, holding time/pouring procedure, mold properties (mold temperature, thermophysical properties of mold and mold coating), and casting design.