DENSO To Acquire 50 Percent Stake In Image Recognition Technology Company ADASENS
With ADASENS expertise, DENSO will accelerate its development of image recognition technologies that will help reduce driver workload and enhance active safety features to help avoid potential collisions.
Cooper Tire Opens Sales Office In Moscow
The new office will be headed by Alex Kolkov, sales manager, who joined Cooper after serving in leadership roles at other multinational companies in Russia.
Continental AG Extends CEO’s Contract
Continental AG has extended the contract of Elmar Degenhart, the company’s CEO, for an additional five years. Degenhart’s contract now extends through August 2019, the company said.
Automechanika Istanbul, Turkey’s Leading International Automotive Trade Fair, To Take Place April 10-13, 2014
From 2014 onward, the fair will take place annually, rather than biannually.
Atlas Copco Included In Dow Jones Sustainability Index For Third Consecutive Year
Inclusion in the sustainability index is based on annual company assessments and comparison to industry peers. Key factors in this review include management of opportunities and associated risk that are derived from economic, environmental and social developments. Corporate governance and strategy, as well as key performance indicators like emission and waste, are also taken into consideration.
Giti Tire Creates New North American, European Technical Centers
Giti says this move marks a significant step in the company’s research and development capabilities, with both sites working in collaboration with existing facilities in China, Indonesia and the U.K., the latter of which is based at the renowned MIRA facility.
China Automotive Systems’ Stock Added To The NASDAQ Golden Dragon China Index
The NASDAQ Golden Dragon China Index represents approximately 68 companies that are either headquartered or incorporated in China and trade on the NASDAQ Stock Market, the New York Stock Exchange or NYSEAmex. The index consists of securities broken down by different market segments.
GKN Driveline Expands In Mexico
GKN Chief Executive Nigel Stein and GKN Automotive CEO Andy Reynolds Smith led inauguration ceremonies for the expanded facility, which supports new business “wins” and expected future growth in the region.
Davis Appointed Interim Chairman Of APRA Asia Pacific Division
Davis has been an active member of APRA having served as chairman of APRA in 2010. He also has been a member of the APRA board of directors since 2006. Davis served as the chairman of APRA’s Electrical Division for several years prior to coming on the APRA Board. Davis also serves on the current Electrical Division Board of Governors and is instrumental in planning the program of activities for the division.
Hankook Opens Production Plant In Indonesia
Hankook’s newest global plant, and its seventh, will serve as an export base for both North America and the Middle East as well as a business hub for its Asian market.
Johnson Controls Affirms Commitment To China With New Corporate Headquarters In Shanghai
New facility designed to achieve highest level of China Three Star Green Building and LEED Platinum building certifications with plans to reduce energy use by 48 percent per year.
BorgWarner Building New Plant In Portugal
BorgWarner plans to build a new, larger production facility in Portugal to efficiently serve customers with several environmentally friendly emissions and diesel cold-start technologies.