Hayes Lemmerz Acquired by Iochpe-Maxion
The transaction combines the wheel businesses of Iochpe-Maxion and Hayes Lemmerz to create Maxion Wheels, a global wheels business with manufacturing locations in 12 countries and a presence in every major automotive region.
Celebration of Automobiles Returning to IMS in May 2012
Classic cars from 1920 to 1970 to be featured May 10-13 as lead-in to 96th Indianapolis 500.
Federal-Mogul’s QuietShield Material to Help Dampen Noise on 2012 Buick Verano
Environmentally friendly, cost-effective acoustical material is standard equipment on second vehicle in Buick portfolio.
Northwood’s 47th Annual International Auto Show Focuses on Consumer Demands in Electric Vehicles
The theme for this year’s show is “Electrify the Drive, Sparking a Global Revolution.”
WORLDPAC Hosts First-Time Supplier & Training EXPO
Successful event supported customers through specialized training.
Hayes Lemmerz Gets OK To Sell Powertrain Operations
The company recently announced it had realigned its global operational sites into three regions.
Hayes Lemmerz International Realigns Global Operations
Fred Bentley, president and chief operating officer, said the purpose of the realignment is to become more strategically focused in the operation of the business by aligning the organization into specific regions.
DURA Automotive Systems Announces Global Reorganization
DURA Automotive Systems has announced a comprehensive restructuring of the company into four global business units.
DURA Emerges from Chapter 11
DURA Automotive Systems has successfully emerged from Chapter 11 bankruptcy protection. The company officially concluded its Chapter 11 reorganization process after meeting all statutory requirements of its Revised Joint Plan of Reorganization, including successfully closing its exit financing facilities and filing associated documentation. In conjunction with its emergence, the company also announced its new board of directors.
India: New Hub of the Automotive Industry
India’s car market has emerged as the fastest-growing in the world. With the number of cars sold in the country projected to double by 2010, Europe’s key automotive players are busy building factories in the sub-continent, where costs are low and margins high. In the space of five years, production of passenger cars in India has jumped by more than 100 percent to 1.11 million vehicles sold last year. International analysts agree that the country is in the major league of Asian automotive markets, but until now most car companies preferred China over India as the location for a manufacturing bridgehead.