Sumitomo To Debut Fossil Fuel-Free Tire
Sumitomo Rubber Industries will debut a 100 percent fossil fuel-free tire at the 43rd Tokyo Motor Show, slated for Nov. 23 to Dec. 1. The tiremaker added it will begin selling the tire at the same time.
Brembo Buys Partner’s Shares
Italian brake manufacturer Brembo SpA has acquired the 30 percent share in the Brembo Nanjing Brake Systems Co. Ltd joint-venture company held by Chinese partner Donghua Automotive Industrial Co. Ltd.
Bosch Expands International Presence With New Plant In China
Bosch says it will invest roughly 100 million euros (roughly $134 million in U.S. dollars) in the location in the years ahead. Of this amount, 35 million euros (approximately $47 million) have already been spent on the first construction phase.
Japanese Auto Industry In U.S. Grows In Exports, Production and Parts Purchases
Newly released 2012 data points to an across-the-board recovery from the U.S. recession and Japanese earthquake/tsunami.
DENSO Announces First Quarter Financial Results
Consolidated net sales totaled 997.6 billion yen ($10.1 billion USD), a 13.1 percent increase from the previous year.
Eaton Second Quarter Operating Earnings Up 32 Percent
2013 Cooper Industries integration savings increased by $25 million, to $115 million.
Goodyear Reports Record Second Quarter Earnings
North America, Asia Pacific set operating income records for any quarter, company says.
Delphi Reports Second Quarter 2013 Financial Results
Company reports second quarter U.S. GAAP diluted earnings per share of $1.17 compared to $1.01 in the prior year; year-to-date diluted earnings per share of $2.05 compared to $2.05 in the prior year.
Meritor Announces Sale Of Brazilian Joint Venture
The purchase price at closing for Meritor’s ownership interest was $195 million in cash and other consideration.
Bosch Opens New Headquarters In Budapest
Bosch has invested 1 billion euros in Hungary since 2004, and plans to invest 100 million more by 2015.
Messe Frankfurt Welcomes Latest Newcomer To The Automechanika Brand Family: Automechanika Kiev
Automechanika Kiev, Messe Frankfurt’s new regional trade fair targeting the automotive industry in Ukraine, will take place May 21-23, 2014.
Penske Automotive Signs Agreement To Acquire Commercial Vehicle And Parts Distributor In Australia And New Zealand
International automotive retailer Penske Automotive Group is making its way into the aftermarket distribution segment.