Honeywell Welcomes Implementation Of European MAC Directive Aimed At Reducing Greenhouse Gas Emissions
Company says it is fully prepared to support automakers with safe, effective HFO-1234yf refrigerant, which reduces greenhouse gas impact by 99.7 percent compared with current refrigerant HFC-134a.
Johnson Controls Exceeds 18 Million AGM Batteries Sold
Technology helps to establish European Start-Stop vehicle market with U.S. adoption on the way, company says.
Bosch Strengthening Its Global Presence, Announces Plans For New Plant In Russia
Samara has been selected as the future manufacturing site for automotive technology. More than 500 new jobs will be established at the new location in Samara by 2017. Construction is expected to begin in the first half of 2013.
Federal-Mogul Announces Plans To Pursue Credit Facility Amendment And Equity Offering
Principal stockholder Icahn Enterprises L.P. makes substantial new investment in the company.
California to Accept Federal Vehicle Greenhouse Gas Emissions Standards
The California Air Resources Board (CARB) recently voted to align the state’s greenhouse gas and fuel efficiency standards with the new regulations set out by the Environmental Protection Agency (EPA). In August, the EPA released new regulations for model year 2017-2025 vehicles that increase fleet mileage to an average of 54.5 miles per gallon.
TRW Announces $1 Billion Share Repurchase Program
Company completes credit facility refinancing.
American Axle & Manufacturing Announces Pricing of $550 Million in Senior Notes
American Axle & Manufacturing Inc. (AAM) has priced its previously announced offering of $550 million in aggregate principal amount of 6.625 percent senior notes due 2022 at an issue price of 100 percent in a public offering, subject to customary closing conditions.
Eaton Increases Revolving Credit Capacity to $2 Billion, Issues $600 Million of Long-Term Notes
Eaton Corp. announced that it has completed several financing transactions in advance of its acquisition of Cooper Industries plc, which was first announced May 21.
Johnson Controls to Manufacture Automotive Batteries in Tianjin, China
The new plant will be the company’s first facility in China to produce advanced batteries for Start-Stop vehicles.
One Million New Turbocharged Vehicles Projected to Hit U.S. Roads in 2012
Honeywell says it has a global portfolio of turbocharging technologies available for vehicles in virtually every segment.