Cooper Tire & Rubber Co. Extends CCT Ownership Option Commencement Deadline
“The process to arrive at the long-term ownership of CCT is ongoing,” said Cooper Chairman, CEO and President Roy Armes.
Yokohama Rubber Co. Sales Up Year-Over-Year
According to the tiremaker, net income climbed 38.4 percent over the same period of the previous year to 18 billion yen; on a 23.8 percent increase in operating income to 23.6 billion yen; and a 5.3 percent increase in net sales to 283.9 billion yen.
China Automotive Systems To Acquire Remaining Shares Of Two Key Subsidiaries
The net income of the two subsidiaries totaled $27.8 million in 2013.
Auto Care Association Digital Factbook 2015 Profiles China’s Light Passenger Vehicle Parc
China’s light passenger vehicle parc reached a new milestone in 2013 breaking the 100 million unit level, ushering China into its “auto care era,” according to the Association.
Halla Visteon Climate Control Completes Acquisition Of Cooper-Standard’s Thermal And Emissions Product Line
Products acquired include exhaust gas recirculation modules (EGRs), electronic coolant pumps and valves, electronic wastegate actuators and electronic throttle bodies.
Eaton Names Jeff Liu General Manager Of Its Vehicle Group Operations In China
In his new position, Liu will be responsible for managing and growing Eaton’s automotive, commercial truck and aftermarket components businesses in China.
U.S. ITC Issues Final Determination In Toyo Tire Design Infringement Claim
Final orders prohibit importation and sale of infringing tires.
P&F Industries Acquires Universal Air Tool Co. Limited
The newly acquired company will be a wholly owned subsidiary of P&F’s subsidiary, Florida Pneumatic Manufacturing Corp.
AICA To Unveil ‘DNA Made In Italy’ Initiative At Interauto Moscow
The event, called “DNA Made in Italy” will involve four automotive equipment manufacturers from Italy: Cormach, Dino Paoli, Fasep and Future.
Messe Frankfurt To Have Own Subsidiary In South Africa
Messe Frankfurt has acquired a majority stake in South Africa Show Services; management remains on board. Johannesburg will be Messe Frankfurt’s first base in Africa, with a portfolio of six trade shows at the outset.
Cooper Standard Opens New Technical Center In Shanghai, China
From this location, the company will provide local technical support with engineering and design capabilities to the entire Asia Pacific region customer base.
BREMBO To Build New US Foundry
Company will invest roughly $100 million to broaden its industrial capacity in Michigan.
