Lear To Open Automotive Seat Cover Plant In Gostivar, Macedonia
Lear’s new facility will initially employ approximately 300 people to produce automotive seat covers.
Kumho, Yokohama Expand Partnership
A representative from Kumho said the companies are discussing supply scale, quantity and start dates, Business Korea reported.
Schaeffler Experts To Discuss Automotive Transmissions, EVs And HEVs At CTi Symposium
Schaeffler also will showcase key technologies related to the three presentations, its Hybrid Module, AWD Disconnect components, as well as its Efficient Future Mobility North America Concept Vehicle that demonstrates the company’s market-ready solutions for cost-effectively meeting 2025 CAFE requirements.
ZF Completes Acquisition Of TRW Automotive
TRW will be incorporated into ZF as a new division called Active & Passive Safety Technology. The combined company operates under the corporate name ZF Friedrichshafen AG.
Association Of Global Automakers: DOT’s Decision To Accelerate Connected Car Rulemaking Is Right Move
U.S. Department of Transportation (DOT) Secretary Anthony Foxx announced an initiative to advance its planned timeline for the vehicle-to-vehicle (V2V) rulemaking.
Reuters: Takata Airbag Recall Expanded By Millions
Reuters stated that globally, Toyota Motor Corp and Nissan Motor Co will recall approximately 6.5 million vehicles. Honda also is recalling vehicles with the airbags, however, the total number has not been provided.
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.
