Metaldyne Signs Agreement to Sell Powertrain and Other Assets to RHJ International
As part of its May 27 Chapter 11 filing, Metaldyne entered into a letter of intent with RHJI to sell certain portions of Metaldyne’s assets as ongoing concerns.
Eaton Names Sczesny Manager for North American Light, Medium Duty Transmission Business
KALAMAZOO, Mich. — Eaton Corp. has named John Sczesny business unit manager, North America for its Light and Medium Duty Transmission Business. In his new role, Sczesny will oversee all business unit activities for the North American region, including Eaton’s Greenfield, Ind., plant operations. “John’s knowledge of our North American customers and truck markets,
Delphi Recognized With the 2008 Luxembourg American Business Award
BASCHARAGE, Luxembourg – Delphi has been selected to receive the 2008 Luxembourg American Business Award presented by the Luxembourg American Chamber of Commerce in the U.S. This award recognizes the special and longstanding relationship between an American corporation and Luxembourg. The award will be presented on Oct. 22, at a black tie dinner at New
John Sanderson Retires from Continental’s North American Operations
John Sanderson has retired from Continental, effective June 1. Sanderson joined Continental in connection with Continental’s acquisition of Siemens VDO Automotive last fall, where he was president and CEO of the firm’s North American operations. In his role as President and CEO of Siemens VDO Automotive Corp., a position he was appointed to in 2000, Sanderson had responsibility for Siemens VDO’s North and South American business and profitability initiatives.
Magna Powertrain Establishes its First R&D Center in China
Magna Powertrain, a group of Magna International Inc., has announced that Magna Powertrain (Changzhou) Co. Ltd. has been established and put into production in the Changzhou National Hi-Tech District in Jiangsu, where the company has founded the first engineering (R&D) center in this district of China beside the already-existing manufacturing facility. Guenther Apfalter, president of Magna Powertrain Europe and Asia, said that the investment in Magna Powertrain (Changzhou) Co. Ltd. totaled $50 million.
Former Bosch Exec Named Johnson Controls VP and GM of North American Operations
John Moulton has been appointed vice president and general manager, North American Operations for Johnson Controls’ Automotive Experience business. Having worked at Robert Bosch LLC since 1978, Moulton most recently served as executive vice president, Engineering and Manufacturing, Bosch North America and general manager, Diesel Systems Division, North America.
ThyssenKrupp Budd Sells North American Automotive Body and Chassis Operations
ThyssenKrupp Budd has agreed, in principle, to sell its North American automotive body and chassis operations to Martinrea International, Inc., of Vaughan, Ontario, Canada. Martinrea, a Tier 1 automotive supplier, produces metal parts, assemblies and modules and fluid management systems. The business was sold for approximately $275 million, which consists of $95 million in cash and the remainder in assumed liabilities. Annual sales from the sold operations are approximately $1.25 billion.
American Axle CEO Has Eye on Delphi: Some Units Would Fit Well, Exec Says
Dick Dauch, CEO of American Axle & Manufacturing Holdings Inc., said Wednesday that parts of auto supplier Delphi Corp., which is in bankruptcy, would fit with his company’s business model.
Henkel Launches New North American Automotive Web Site
Henkel recently announced the launch of its new North American automotive Web site, www.automotive.henkel.com . According to Henkel, combining simple navigation with comprehensive product information, the site offers customers easy access to the company’s network of research, development and engineering resources, as well as its value-added training, analytical and environmental resources.
Rosta International to Establish North American Headquarters; Names U.S. Executives to Global Team
Rosta International Limited, a leading China-based manufacturer of steel and aluminum wheels for automotive manufacturers and the aftermarket industry, has announced plans to open a sales and engineering facility in Michigan to support its global expansion. Rosta’s parent company, Yuan Feng Industrial Company, Limited, headquartered in Taiwan, is a leading supplier of wheels for the Asian market, and formed Rosta to spearhead its international expansion.