Preliminary AutopromoteEDU Program Schedule Announced
AutopromotecEDU 2013 will present a comprehensive series of conferences and events that embrace the entire world of the automotive aftermarket, aimed at gauging current national and international market trends.
Federal-Mogul Establishes New Large Bore Piston Ring Joint Venture In Changsha, China
This new joint venture is the second Federal-Mogul large bore ring plant in China and will extend the company’s product portfolio of two-stroke and four-stroke industrial rings in the Chinese and broader Asian markets.
HELLA Continues To Expand In Mexico
Company hosts groundbreaking ceremony for new modern and energy-efficient manufacturing facility in the Mexican state of Guanajuato.
MEMA Partners With European Auto Parts Association To Foster Stronger Transatlantic Business Links
MEMA and CLEPA also will assist each other with member companies’ participation in exhibitions, conferences and industry events held in their respective regions.
Dayco Acquires Brazilian Manufacturer
Acquisition expands the company’s global footprint in tensioner and pulley manufacturing.
Gentherm To Acquire All Shares Of W.E.T. Automotive Systems Owned By Largest Minority Shareholder
Share purchase clears path to complete integration of the two businesses, Gentherm says.
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.