restructuring Archives - aftermarketNews
DENSO Announces Organizational and Executive Changes

The changes represent the company’s shift from an auto parts supplier to supporting a mobility-centered society.

Michelin Restructuring Operations in Germany

Michelin said the decision is a result of a lack of competitiveness of its German operations.

Phillips Industries Announces New VPs

Amber White was promoted to VP of corporate marketing, and Dan Forthoffer to VP of corporate R&D.

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TuSimple Announces U.S. Operations’ Restructuring

The reorganization of U.S. operations and a reduction in workforce will allow more focus on development efforts.

Mitsubishi Electric to Restructure Automotive Equip. Business

The move will streamline decision-making and accelerate the company’s transformation to CASE technologies.

Lumileds Successfully Completes Restructuring

The company also announced that Steve Barlow, president of Lumileds’ Automotive Business Unit, will succeed Matt Roney as CEO.

Lumileds Receives Court Approval of First Day Motions

The company has obtained interim approval to access up to $275 million of DIP financing.

Lumileds Announces Restructuring Agreement 

To implement the restructuring plan, Lumileds has commenced voluntary prepackaged Chapter 11 proceedings, limited to its U.S. and Netherlands operations.

Ford Creates Distinct EV and ICE Businesses

Ford Blue and Ford Model e will operate as distinct businesses, but share relevant technology and best practices.

Spectra Premium Emerges ‘Better Than Ever’

Spectra Premium Mobility Solutions will focus on the heat transfer, engine management and undercar segments.

ASA Charts Next Steps On Its Reorganizational Path

New organizational map unveiled; ASA invites resumes for regional directors.

Continental Announces New Market-Oriented Realignment

On Jan. 1, 2022, the Tires and ContiTech business areas become independent group sectors.