Spinoff Archives - aftermarketNews
BorgWarner Announces Name, Leadership for Aftermarket Spinoff

Brady Ericson named CEO and Chris Gropp named CFO of PHINIA Inc.

Daimler Plans Separation Into 2 Pure-Play Companies

Majority listing of Daimler Truck to accelerate into zero-emissions and software-driven future, company says.

Garrett Rings In New Era As Independent Company, Begins Trading On New York Stock Exchange 

Garrett Motion Inc. today marks its first day as an independent company following its successful tax-free spinoff from Honeywell.

Autoliv Board Approves Completion Of Veoneer Spin-Off

The company further announced additional members expected to serve on the Veoneer board of directors following completion of the spin-off.

FCA Planning Magneti Marelli Spin-Off

The separation is expected to be completed by the end of 2018 or early 2019, and shares of Magneti Marelli are expected to be listed on the Milan stock exchange.  

Johnson Controls Exploring Strategic Alternatives For Power Solutions Business

Johnson Controls expects to complete its assessment of strategic alternatives over the next several months. To assist the company in its review, Johnson Controls has retained Centerview Partners as financial advisers.

Autoliv Records Non-Cash Charge, Updates Expected Costs

The spinoff of the electronics business is progressing according to schedule and is expected to be completed during the third quarter of 2018.

Delphi Technologies Completes Spinoff Into Powertrain And Aftermarket-Focused Standalone Company

The new company, a spinoff from Delphi Automotive, builds upon the strength of its heritage of providing advanced vehicle propulsion solutions through combustion systems, electrification products and software and controls for global automotive, commercial vehicle and aftermarket customers. Liam Butterworth (pictured) was named CEO.