AFX News Limited
HANOVER, Germany — Continental AG is still interested in buying Siemens AG’s VDO Automotive unit, a spokesman for the company said.
Siemens earlier today said the company plans to list part of the VDO unit by the end of September, with "preparations going at full speed."
According to industry sources, Continental has offered to pay about $13 billion to buy the unit.
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Axalta Coating Systems has signed a definitive agreement to acquire Transtar Holding Company’s subsidiary The CoverFlexx Group.
Transtar Holding Company announced that global coatings company Axalta Coating Systems has signed a definitive agreement to acquire its subsidiary The CoverFlexx Group. The transaction is anticipated to close in the third quarter, pending regulatory approval and customary closing conditions, Transtar Holding Company said.
The strategic move allows Transtar Holding Company to focus exclusively on the growth of NexaMotion Group, a portfolio of technology-driven automotive aftermarket businesses that offer a complete suite of mechanical auto repair products and industry-leading e-commerce solutions, the company said.
Commercial ADB adoption rates in Class 6-8 vehicles are now up over 50%, according to Bendix.
Chairman, President and CEO Selwyn Joffe discusses what he’d like the aftermarket to know about Motorcar Parts of America.
A new DPF differential pressure sensor, engine oil dipsticks and fuel injector wiring harnesses designed to match OEM spec.
The release covers brand-new records – those not yet in existence at the time of the previous release – as well as updates to existing records, covering OEM changes to existing vehicles, the company said.
Complete strut assemblies, shock absorbers, shock absorber assembly kits and suspension struts for some of the most popular VIO applications are included in the release, FCS said.
US Motor Works released Part No. USEP9214M, for several BMW applications.
The focus is on assistance systems and engine and transmission management, with more than 300 new part numbers, as well as the expansion of its product lineup for EVs.
Dana 60 semi-float rear axles will be featured on the limited-edition Chevrolet Silverado Fox Factory Edition truck.
