Delphi Reports Fourth Quarter, Full Year 2012 Financial Results
The company reported fourth quarter 2012 revenue of $3.8 billion, a decrease of 4 percent over the fourth quarter of 2011, adjusting for currency exchange, commodity movements, acquisitions and divestitures.
Standard Motor Products Acquires Equity Position In Orange Electronic Co.
Orange Electronic has been an innovator in the field of wireless tire pressure monitoring systems. Certified worldwide, Orange Electronic has received many awards for its innovative designs, according to SMP, and has acquired numerous TPMS patents, including one for the advanced TPMS clone-able technology.
DENSO Announces Third Quarter Financial Results
Consolidated net sales totaled $29.7 billion, a 16 percent increase from the previous year.
BASF Breaks Ground On New Shanghai Automotive Coatings Plant
The new state-of-the-art facility will begin operations in 2014. BASF says it plans to further invest in additional production capacity in the region.
New Wanxiang Subsidiary Acquires Substantially All Non-Government Business Assets Of A123 Systems
Included in the acquisition, which has received approval from the Committee on Foreign Investment in the United States (CFIUS), are A123’s automotive, grid and commercial business assets, including technology, products, customer contracts and U.S. facilities in Michigan, Massachusetts and Missouri; its manufacturing operations in China; and its equity interest in Shanghai Advanced Traction Battery Systems Co., A123’s joint venture with Shanghai Automotive. Excluded from the acquisition is A123’s Ann Arbor, Mich.-based government business, including contracts with the U.S. military.
Michelin Builds Largest Plant To Date In China
Michelin Group has invested nearly $1.5 billion, its largest single investment in China, to open a new factory in Shenyang, the capital of Liaoning province.
DENSO To Establish Production Company In Cambodia
New facility will enhance the company’s production and supply framework in the ASEAN region.
Autopromotec To Present Fourth Annual International Automotive Aftermarket Meeting
More than 300 professionals from all over the world, representing vehicle and component manufacturers, independent distributors, as well as aftermarket networks, are expected to attend the IAAM13.
Michelin Sets $73 Million Investment For Nova Scotia Plant
Michelin announced plans to invest $73 million (CDN) in its Waterville, Nova Scotia, truck tire plant to improve equipment and expand production capacity.
DENSO To Invest Nearly $1 Billion In North America Over Next Four Years
Localization of product and new business results in significant investment and jobs, DENSO says.
Former White House Security Expert And GlobalBusinessProfessor.com Launch International Security And Risk Training Programs For Corporations
The agreement calls for GlobalBusinessProfessor.com and Force9Cyber to offer international security and risk training programs, covering important corporate challenges.
USITC To Share Key Results From First-Ever Remanufacturing Industry Report In Jan. 17 Webinar
The webinar will cover key findings and observations from the recently released USITC report: “Remanufactured Goods: An Overview of the U.S. and Global Industries, Markets and Trade.”