Continental and SK Innovation Join Forces to Develop and Supply First-Class Battery Technology
On Monday in Frankfurt, Germany, the two technology leaders signed an agreement founding a jointly managed company. The know-how of the two firms will be concentrated in this new company with the goal of mutually developing, producing and globally marketing lithium-ion battery systems for cars.
Chrysler and Fiat Open Mopar Operations in Shanghai and Dubai
Expansion into these markets effectively positions Mopar to support growth markets and provide improved service to existing customers in the region.
General Automotive Announces Third Quarter 2010 Results
The company’s three-month revenues rise 30 percent.
MEMA and OptiCat Create an ‘Industry-First’
By purchasing a major stake in the business, MEMA and OptiCat have created what is believed to be the automotive aftermarket’s first supplier-owned electronic parts catalog data aggregator.
MEMA Acquires Shareholder Stake in OptiCat
Company now majority-owned by representatives of aftermarket parts suppliers.
Amerigon and Classic Soft Trim Form Partnership to Provide Heated and Cooled Seats to Automotive Aftermarket Nationwide
Amerigon’s proprietary climate control seats, heated and ventilated seats to be sold through national network.
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.
Cooper Expands in Mexico
Cooper Tire & Rubber Co. is expanding its presence in Mexico, striking a deal to partner in a capacity expansion project at that country’s second largest tire plant. In the deal, Cooper will invest $31 million for a 38 percent stake in the project, which will increase production capacity at the Corporacion de Occidente passenger radial plant in Guadalajara. Cooper already has a business relationship with Corporacion de Occidente, having formed a 50/50 joint sales and marketing venture with the employee-owned firm in October 2007 to handle Cooper and Pneustone brands in that country.
The Week in Review (May 5-9, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
GKN Driveline Continues Expansion in China
BEIJING — GKN Driveline plans to open a major new production facility in Wuhan, China, next year. Haixiang Wang, business development director for GKN Group, China, said the company will build a 144,000-square-foot plant scheduled to open during the first half of 2009. Speaking at recent press briefings in Beijing, Wang said the Shanghai GKN