WABCO Outlines Strategy To Sustain Differentiation At Investor Day
The theme of the business update was “Sustaining Differentiation,” focusing on WABCO’s roadmap to serve the industry as it converges on a vision for commercial vehicles to become increasingly more autonomous, connected and productive.
Automechanika Shanghai’s Scale, Exhibitor And Visitor Figures Continue To Expand, Say Organizers
Approximately 6,000 exhibitors from 42 countries and regions are expected to attend this year, which also is an increase of 4 percent. The number of visitors attending the show is anticipated to see an 8 percent increase, with 130,000 attendees from 140 countries and regions expected.
Henniges Automotive Acquired By AVIC Automotive Systems Holding Co. Ltd. Of China
This is one of the largest acquisitions by a Chinese company of a U.S.-based automotive manufacturing company in history; AVIC Auto also purchased Michigan-based Nexteer Automotive Group Ltd. in 2011.
GM Announces First Full-Year Results as New Company
Company achieves four consecutive quarters of profitability.
Tempo Group and Leuliette Partners to Form Automotive, Transportation Management, Trading and Investment Firm
The joint venture firm will focus on four specific activities: M&A advisory, operating ownership of acquired companies, trading, financial and procurement services and formation of an investment fund. The two companies say they will concentrate these efforts in automotive areas including chassis systems, powertrain systems, body systems, special vehicles, new energy technology and related component business.