US Federal Trade Commission Clears ZF’s Acquisition Of TRW
The FTC’s clearance is subject to certain conditions, which ZF has agreed to undertake following completion of the proposed acquisition, including the sale of TRW’s Linkage and Suspension business, which is currently underway.
Linking Different Areas Of Remanufacturing At ReMaTec2015
Organizers of the ReMaTec2015 remanufacturing trade show taking place June 14-16 at the Amsterdam RAI Exhibition Centre have announced the event will be co-located with several side event programs, including the World Reman Summit, ICoR, Choice Tech and the Circular Economy Seminar.
Continental Donates €50,000 For Immediate Aid In Nepal Following Earthquake
No Continental locations or employees were directly affected by the earthquake.
Magna, Chongqing Xingqiaorui Automotive To Form Joint Venture
Under the terms of the agreement, Cosma International, Magna’s body and chassis operating unit, will hold a 53 percent stake in the JV, while Xingqiaorui will hold the remaining 47 percent.
Mekonomen Group Expands To South Korea
With this collaboration, Mekonomen Group will now have operations or sales in six countries: Sweden, Norway, Denmark, Finland, Iceland and South Korea.
Europe’s UNITI Expo To Be Expanded For 2016 Event
The UNITI expo, scheduled to take place from June 14-16, 2016, in Stuttgart, Germany.
The Network Signs Seventh Parts Plus Mexico Member
Frenos y Embragues de California S.A. de C.V. (FYECSA) is based in La Paz, Baja California Sur.
Axalta Builds A New Asia-Pacific R&D Technology Center In Shanghai
The new Axalta Asia-Pacific R&D and Technology Center is scheduled to open in the second quarter of 2016.
DENSO Announces Year-End Financial Results
Consolidated net sales totaled $35.9 billion, a 5.2 percent increase from the previous year.
ISN’s Expansion Into Canada Continues
ISN acquires All Tool Canada Inc. in Toronto, Ontario.
ThyssenKrupp Opens New Automotive Supply Plant In Mexico
The new facility in Mexico has the capacity to produce more than 1 million steering columns, more than 7 million steering shafts and more than 45 million cold-forged steering parts per year for the North American market. ThyssenKrupp has invested approximately 90 million euros (approximately $98 million USD) in the new production facility.
Goodyear To Build Tire Factory In San Luis Potosi, Mexico
The company says this new factory, combined with investments in its existing U.S. and Canadian factories, will enable Goodyear to meet the strong and growing market demand for high-value-added (HVA) consumer tires in North America and Latin America.
