Egyptian Auto Parts Marketplace Mtor Raises $2.8M in Funding
Mtor said the pre-seed funding round marks a milestone in its quest to create a one-stop shop for local car workshops.
DENSO Ontario Facility Repeats as a Top Local Employer
DENSO’s thermal manufacturing facility in Guelph was named one of Canada’s Top 100 Employers.
Iveco, Hedin Mobility Sign Share Purchase Agreement
Hedin Mobility Group will acquire Iveco Group’s distribution and retail operations in Sweden, Norway, Finland and Denmark.
Symbio Inaugurates First Gigafactory in Europe
Symbio said its first gigafactory, SymphonHy, is Europe’s largest integrated fuel cell production plant.
ZKW Invests $108M in Mexico Factory Expansion
The company will add more than 168,000 square feet to its production plant in Silao, Mexico, as part of its third phase of expansion.
SKF Closes Factory in Busan, Korea, Increases Localization
The company plans to transfer production of its bearing products from Korea to factories in China, India and Mexico.
Lucas Oil Announces Partnership, Expansion into Brazil
Lucas Oil has partnered with Comercial Lucar, which will be the exclusive distributor of Lucas Oil additives in Brazil.
Equip Auto on Tour Returns in 2024
The event aims to connect automotive aftermarket professionals in their local communities across France.
Sentury Tire Voluntarily Recalls Batch of Passenger Tires
The recall includes Arroyo, Landgolden, Landsail, Lexani, Lionhart, Mavis, Mohave, National, Radar and Vercelli tires.
Bendix’s Mexico Tech Center Celebrates 5 Years of Growth
It features a larger lab, additional office space, and a state-of-the-art vehicle engineering garage now under construction.
Automotive Sourcing and Procurement in Poland
Interviewee Dariusz Pielach discusses the size and extent of the automotive supply chain in Poland.
Michelin Restructuring Operations in Germany
Michelin said the decision is a result of a lack of competitiveness of its German operations.