Magneti Marelli And Faurecia Launch Joint Venture In Brazil
The Magneti Marelli/Faurecia JV will produce automotive parts for Fiat Chrysler Automobiles in Brazil.
Kumho Industrial Being Sold Privately
Creditors of Kumho Industrial have agreed to privately negotiate with Kumho Asiana Group Chairman Park Sam-koo over the sale of majority shares, according the Korea Times.
BorgWarner Receives Volvo Cars Award Of Excellence
BorgWarner was honored for its cost-effective advanced turbocharging technologies, providing quality, reliability and performance.
Michelin Purchases Internet Tire Retail Co.
Groupe Michelin has purchased the No. 1 Internet tire retail company in the United Kingdom, Blackcircles.com, for roughly $76 million (£50 million).
NGK Acquires UCI Holdings
NGK’s acquisition includes of all the shares relating to the Wells Vehicle Electronics business from UCI Holdings Limited, a leading U.S. auto parts supplier.
Wulf Gaertner Autoparts To Help Nepal Earthquake Victims
Since news of the Nepal earthquake broke, there has been a collection box at Wulf Gaertner’s head offices, where employees can make donations that will be added to the contribution made by the board of managers.
US Federal Trade Commission Clears ZF’s Acquisition Of TRW
The FTC’s clearance is subject to certain conditions, which ZF has agreed to undertake following completion of the proposed acquisition, including the sale of TRW’s Linkage and Suspension business, which is currently underway.
Linking Different Areas Of Remanufacturing At ReMaTec2015
Organizers of the ReMaTec2015 remanufacturing trade show taking place June 14-16 at the Amsterdam RAI Exhibition Centre have announced the event will be co-located with several side event programs, including the World Reman Summit, ICoR, Choice Tech and the Circular Economy Seminar.
Continental Donates €50,000 For Immediate Aid In Nepal Following Earthquake
No Continental locations or employees were directly affected by the earthquake.
Magna, Chongqing Xingqiaorui Automotive To Form Joint Venture
Under the terms of the agreement, Cosma International, Magna’s body and chassis operating unit, will hold a 53 percent stake in the JV, while Xingqiaorui will hold the remaining 47 percent.
Mekonomen Group Expands To South Korea
With this collaboration, Mekonomen Group will now have operations or sales in six countries: Sweden, Norway, Denmark, Finland, Iceland and South Korea.
Europe’s UNITI Expo To Be Expanded For 2016 Event
The UNITI expo, scheduled to take place from June 14-16, 2016, in Stuttgart, Germany.