China Moves Into Aftermarket Era, According To IHS And Technomic Asia In Latest Report
Technomic Asia has been actively researching the Chinese auto market since the early 2000s as the car parc has grown from less than 1 million light passenger vehicle sales to more than 18 million in 2014.
Henniges Automotive Acquired By AVIC Automotive Systems Holding Co. Ltd. Of China
This is one of the largest acquisitions by a Chinese company of a U.S.-based automotive manufacturing company in history; AVIC Auto also purchased Michigan-based Nexteer Automotive Group Ltd. in 2011.
Autoliv Expands Brake Systems Business Through New Joint Venture
Autoliv and Nissin Kogyo intend to form a new JV in the product areas of brake control and brake apply systems. The JV will combine the current brake control business of Autoliv with a “carve-out” of Nissin Kogyo’s automotive braking business.
China Aftermarket Auto Parts Alliance (CAAPA) Fills Three Key Executive Positions
The first-ever Chinese program distribution group is now poised to launch the Auto Value Brand in the world’s fastest-growing aftermarket.
DENSO Opens First Auto Parts Distribution Center In Mexico
The new distribution center in Nuevo Leon, Mexico, serves a growing customer base, DENSO says.
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China Zenix Forms Strategic Partnership With JAC To Tackle Electric-Powered Commercial Vehicle Market In China
The Chinese government has established a goal of putting 5 million electric-powered vehicles on the road by the end of 2020 to help alleviate urban smog and reduce petroleum imports.
Australian Automotive Aftermarket Association Launches New Automotive Products Manufacturers And Exporters Council
The association has formed the council to support its large, diverse and internationally competitive automotive components manufacturing sector. It will assist member companies engaged in producing automotive products for both the OE and aftermarket sectors and is open to businesses engaged in research, design, product development or production. The inaugural council will be led by Dayco Australia Managing Director Arnold Mouw.
AkzoNobel Unveils Plans To Invest In UK Pilot Plant
The state-of-the-art facility will provide resin samples for product testing and the possibility to scale up to commercial manufacture. Start-up is expected in the first quarter of 2016.
Axalta Coating Systems To Partner With University Of Oviedo, Spain
Axalta will begin offering students internships at the company’s offices in Asturias, Spain, starting in November 2015. Four of the university’s best students, chosen based on their academic record, will be offered a six-month internship to work in the procurement, finance or human resources departments of Axalta’s local Asturias office.
Bosch Opens Thermotechnology Plant In Mexico
In addition to production, the site will also house R&D and certification departments. The company is investing around €5 million ($5.56 million) into the 8,700-square-meter (93,646-square-feet) site.
Shelby American And Carroll Shelby Licensing Continue International Expansion With New Global Mod Shops
By partnering with high-caliber businesses to open mod shops for customers in Europe, the Middle East, Australia, Canada, China and Africa, the company can help satisfy the demand for Shelby vehicles and parts across the globe.
