ThyssenKrupp BILSTEIN Receives ‘Vehicle Dynamics International Award 2014’
International panel of experts recognizes the company with Supplier Of The Year award for its DampTronic sky shock absorbers.
Representatives From ZF Services, ThyssenKrupp Bilstein And Tenneco Join CAWA’s Manufacturers Advisory Council
The three representatives will join the MAC in May and will serve on the association’s committees.
Debris Believed to be from Missing Plane Located in Waters Off Brazil’s Coast; Three Michelin Execs, One ThyssenKrupp Exec Aboard
The latest reports from the Associated Press say that two batches of floating debris believed to be from the missing plane have been spotted.
Norm Young Named CEO of Thyssenkrupp Crankshaft Co.
Young joins Thyssenkrupp following a 20-year career in the automotive industry, working in the operations, sales, marketing and service sectors.
ThyssenKrupp Plans for $2.9 Billion Facility in the U.S.
ThyssenKrupp Steel and Stainless USA, LLC have filed permit applications in the states of Alabama and Louisiana for a $2.9 billion facility in the United States. Last month, ThyssenKrupp confirmed that it is proceeding with the development of a new state-of-the-art steel and stainless steel manufacturing and processing facility in one of the two states. Over the past several months, ThyssenKrupp has been conducting extensive due diligence to construct and operate a $2.9 billion facility in the United States. The facility will manufacture and process carbon steel and stainless steel for high-value applications by manufacturers in the U.S. and throughout North America. The plant will serve industries including automotive, packaging, construction, electrical and utility, in addition to serving manufacturers of appliances, precision machinery and engineered products.
ThyssenKrupp Expects Full Year Restructuring Charges at Automotive Ops
From AFX News Limited DUESSELDORF, Germany — ThyssenKrupp AG expects full year restructuring charges at its automotive operations to range between approximately $66 million to $131 million, the company said in a set of slides accompanying an investor relations presentation by Chief Financial Officer Ulrich Middelmann. The company said in December that its total restructuring
ThyssenKrupp Budd Completes Sale of its North American Body and Chassis Operations
TROY, MI — ThyssenKrupp Budd has completed the sale of its North American automotive body and chassis operations to Martinrea International of Vaughan, Ontario, Canada. Martinrea, a Tier 1 automotive supplier, produces metal parts, assemblies, modules and fluid management systems. The transaction was announced October 16. The purchase price was $275 million, including $95 million
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.
Federal-Mogul CEO Says Company Will Not Bid for ThyssenKrupp’s Auto Parts Ops
Federal-Mogul Corp chief executive Jose-Maria Alapont told German newspaper Handelsblatt that his company will not bid for ThyssenKrupp AG’s U.S. auto parts operations. "We are not in talks with ThyssenKrupp," Alapont told the newspaper.
ThyssenKrupp Hopes to Sell U.S. Automotive Ops Soon
From AFX News Limited FRANKFURT — ThyssenKrupp AG hopes to sell its U.S. automotive operations, ThyssenKrupp Budd Co., in the next few months and is in talks with several "industrial partners" over the business, German daily Die Welt reported, citing company sources. The newspaper cited a source as saying: "We hope that we will do