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VP Racing Names Steve Ward Director of Marketing

Most recently, Ward served as director of marketing at financial services giant H&R Block.

Change in Global Management Board at FEV

Markus Kersting became CFO and Yvonne Thürwächter takes over as chief people and strategy officer.

OTR to Build Facility Near Monterrey, Mexico

This move follows OTR’s commitment to support several OEM customers that are establishing operations in Mexico. 

TI Fluid Systems Finalizes Plans to Expand in Auburn Hills 

Plans include enhancing its corporate headquarters and building the company’s next E-Mobility Innovation Center.

Gray Tools Adds New Minnesota Warehouse

The new location will help expedite delivery across the U.S. with faster routes and same-day shipping capabilities.

Don Schumacher Motorsports Announces $10.5M Expansion

A total of $7 million will be used to add manufacturing equipment to its already existing 20,000-square-foot space.

GKN Automotive Opens Aftermarket Warehouse in Texas

GKN says the new centrally located warehouse will reduce shipping times to U.S. independent parts distributors.

Yokohama Expands Passenger Tire Capacity at India Plant

Yokohama’s increased passenger car tire capacity will come out of its Visakhapatnam Plant in eastern India.

Kumho Tire To Add Distribution Warehouses in Southern US

A new warehouse in Dallas, Texas, is planned for this year.

Magna Announces New Facility, Location Expansion

The company is investing in a new battery enclosures facility to support the Ford F-150 Lightning and future OEM programs.