GAZ Group and General Motors Corp. Reach Joint Venture Agreement For Ownership of VM Motori
GAZ Group, one of Russia’s largest car manufacturers, and General Motors Corp., have reached agreement on a GAZ 50 percent equity ownership in VM Motori S.p.A., a designer and manufacturer of diesel engines based in Cento, Italy.
GAZ Group, one of Russia’s largest car manufacturers, and General Motors Corp., have reached agreement on a GAZ 50 percent equity ownership in VM Motori S.p.A., a designer and manufacturer of diesel engines based in Cento, Italy.
Bosch Automotive Aftermarket to Acquire the Friction Business of the Morse Group
Bosch has announced it plans to acquire the brake friction business of the Morse Automotive Corporation headquartered in Chicago, Illinois. The price of the acquisition was not disclosed. The transaction is subject to the approval of antitrust authorities. The Morse Group develops, manufactures, and markets pads for disc brakes and linings for drum brakes, as well as brake calipers, predominantly for the North American market. In fiscal 2007, its 1,640 associates generated sales of $157 million (roughly 115 million euros).
Bosch has announced it plans to acquire the brake friction business of the Morse Automotive Corporation headquartered in Chicago, Illinois. The price of the acquisition was not disclosed. The transaction is subject to the approval of antitrust authorities. The Morse Group develops, manufactures, and markets pads for disc brakes and linings for drum brakes, as well as brake calipers, predominantly for the North American market. In fiscal 2007, its 1,640 associates generated sales of $157 million (roughly 115 million euros).
Metaldyne Signs Agreement to Divest GLO to SKF
Metaldyne Corporation, an Asahi Tec company, today announced it has entered into an agreement to divest its GLO S.r.L. operation in Poggio Rusco, Italy, to AB SKF of Goteborg, Sweden.
Metaldyne Corporation, an Asahi Tec company, today announced it has entered into an agreement to divest its GLO S.r.L. operation in Poggio Rusco, Italy, to AB SKF of Goteborg, Sweden.
China Automotive Systems Wins ChangAn Auto Contract
China Automotive Systems, Inc., a leading power steering components and systems supplier in China, today announced that its subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has signed a supply agreement with ChangAn Auto Co. Ltd. ("ChangAn Auto").
China Automotive Systems, Inc., a leading power steering components and systems supplier in China, today announced that its subsidiary, Jingzhou Henglong Automotive Parts Co. ("Henglong"), has signed a supply agreement with ChangAn Auto Co. Ltd. ("ChangAn Auto").
Stephen Odell Appointed President and Chief Officer of Volvo Car Corporation
Ford Motor Company today announced the appointment of Stephen Odell as president and chief executive officer of Volvo Car Corporation, replacing Fredrik Arp, who has decided to leave the company.
Bosch and Samsung Joint Venture for Lithium-ion Batteries Starts Operations
The fifty-fifty joint venture "SB LiMotive Co. Ltd." of Bosch and Samsung SDI has started its operations on September 1, 2008. The objective of the new company is to develop, manufacture, and sell lithium-ion batteries for automotive applications.
The fifty-fifty joint venture "SB LiMotive Co. Ltd." of Bosch and Samsung SDI has started its operations on September 1, 2008. The objective of the new company is to develop, manufacture, and sell lithium-ion batteries for automotive applications.
Kumho Appoints J.B. Kim President
Kumho Tire has appointed Mr. J.B. Kim to the position of President Kumho Tire U.S.A.
Kumho Tire has appointed Mr. J.B. Kim to the position of President Kumho Tire U.S.A.
BorgWarner Names Dr. Hans-Peter Schmalzl Chief Technology Officer
Powertrain technology leader BorgWarner has named Dr. Hans-Peter Schmalzl to the post of Chief Technology Officer, reporting to Tim Manganello, Chairman and CEO. He succeeds Mark Perlick who retired after ten years of service to the company.
Powertrain technology leader BorgWarner has named Dr. Hans-Peter Schmalzl to the post of Chief Technology Officer, reporting to Tim Manganello, Chairman and CEO. He succeeds Mark Perlick who retired after ten years of service to the company.
Visteon Completes Sale of Halewood, UK, Facility; Continues Progress of UK Restructuring
Visteon Corporation today announced the sale of its Halewood, United Kingdom, facility to International Automotive Components Group Europe (IAC Europe), a key automotive supplier for interior trim, carpet and acoustics systems, and exterior trim.
Visteon Corporation today announced the sale of its Halewood, United Kingdom, facility to International Automotive Components Group Europe (IAC Europe), a key automotive supplier for interior trim, carpet and acoustics systems, and exterior trim.
Chrysler LLC Announces Retirement and Appointment
After 30 years of corporate service, Kenneth I. Gluckman, Chrysler LLC's Vice President and Associate General Counsel has announced his decision to retire. With Gluckman's departure, Chrysler LLC has named Louann Van Der Wiele Vice President and Associate General Counsel - Product Litigation and Regulation for Chrysler LLC.
After 30 years of corporate service, Kenneth I. Gluckman, Chrysler LLC's Vice President and Associate General Counsel has announced his decision to retire. With Gluckman's departure, Chrysler LLC has named Louann Van Der Wiele Vice President and Associate General Counsel - Product Litigation and Regulation for Chrysler LLC.
Ricardo Beefs Up Global Footprint with Two New Facilities in China
Ricardo, a leading independent provider of technology, product innovation and engineering solutions to the world's automotive, military, transport and new energy industries, is increasing its commitment to the rapidly expanding Chinese automotive market with a major two-phase expansion of its Shanghai-based operations.
Ricardo, a leading independent provider of technology, product innovation and engineering solutions to the world's automotive, military, transport and new energy industries, is increasing its commitment to the rapidly expanding Chinese automotive market with a major two-phase expansion of its Shanghai-based operations.
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