News

M N Vidyashankar is new President of India Electronics & Semiconductor Association (IESA)

M N Vidyashankar is new President of India Electronics & Semiconductor Association (IESA)

India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, today announced the appointment of M N Vidyashankar, as the new President. In his previous assignments, Vidyashankar has served as Additional Chief Secretary, Department of Commerce & Industries and Principal Secretary, Department of IT, BT and S&T, Government of Karnataka.[Read More…]

Visteon signs agreement to divest majority of Automotive Interiors Business to an affiliate of Cerberus Capital Management

Visteon signs agreement to divest majority of Automotive Interiors Business to an affiliate of Cerberus Capital Management

Visteon Corporation today announced an agreement to divest the majority of its global automotive interiors business to an affiliate of Cerberus Capital Management, L.P. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed by Dec. 31, 2014. Visteon also announced it has completed a previously announced agreement to sell its 50 percent ownership[Read More…]

by May 2, 2014 Globescan, News, Web Exclusive

ACMA-YBLF explores investment opportunity in Mexico

With the objective of grooming auto component leaders of tomorrow, the Automotive Component Manufacturers Association of India (ACMA), the apex body for the Indian auto component industry recently organised a delegation for its Young Business Leaders Forum (YBLF) to Mexico.  The ACMA -YBLF is the youth wing of ACMA that comprises second and third generation scions of the auto component[Read More…]

by May 2, 2014 Events, Focus, News, Web Exclusive
Continental acquires remaining interest in Emitec

Continental acquires remaining interest in Emitec

Continental strengthens its systems competencies in the field of drive train technologies. The international automotive supplier, tire manufacturer, and industry partner intends to purchase the outstanding shares in Emitec Gesellschaft für Emissionstechnologie mbH. Emitec, to date a 50-50 joint venture co-owned by Continental and GKN plc – will be acquired by Continental and integrated into its Powertrain Division. With the[Read More…]

by May 2, 2014 Globescan, News, Web Exclusive
Federal-Mogul completes purchase of Affinia Chassis Components business

Federal-Mogul completes purchase of Affinia Chassis Components business

Federal-Mogul Holdings Corporation on 1 May, 2014, announced it has completed its previously announced acquisition of Affinia’s chassis components business.  The Affinia business serves leading North American aftermarket customers with branded and private label chassis product lines, and complements Federal-Mogul’s industry-leading MOOG product line.  Included in the acquisition are facilities in Oklahoma City; Fort Wayne, Ind.; McHenry, Ill.; Ramsey, N.J.;[Read More…]

BMW India announces the opening of Sanghi Classic in Udaipur

BMW India announces the opening of Sanghi Classic in Udaipur

BMW India announced the opening of Sanghi Classic, its new dealership in the lake city of Rajasthan, Udaipur. Sanghi Classic brings to Udaipur the BMW standards of sales and service and the same international experience as any BMW dealership worldwide. Located at E-95 Madri Industrial Area, Ahmadabad Bypass, the dealership is the 38th showroom of BMW in India. The showroom[Read More…]

by May 1, 2014 Events, News, OEM, Web Exclusive
Schwing Stetter sets up fabrication unit

Schwing Stetter sets up fabrication unit

Construction equipment manufacturer Schwing Stetter India, a wholly-owned subsidiary of Schwing Gmbh has commissioned its fabrication unit in Chennai. The company has invested Rs 65 crore in the new plant to manufacture the S36 concrete boom pump and ‘separate placing’ boom pump SPB 25 and 35. The new 5 acre plant will further help the company to localise the pumps[Read More…]

Lead-free materials drive increased bearing sales for Federal-Mogul

Federal-Mogul Holdings Corporation’s Powertrain Division has positioned itself as a global leader in lead-free engine bearings since introducing its complete portfolio of lead-free three-layer bronze bearing shells in 2007. During a time when light vehicle production fell in Europe and engine downsizing trends further impacted bearing volumes, the company’s lead-free bearing sales achieved significant growth despite a contracting market. The[Read More…]

by April 30, 2014 Globescan, News, Web Exclusive
Messe Frankfurt announces Automechanika Chicago

Messe Frankfurt announces Automechanika Chicago

Messe Frankfurt, producer of Automechanika, the leading international brand of automotive trade shows, and Advanstar Communications, one of the largest trade show organisers in the US will join forces to launch Automechanika Chicago. The show will be the 14th Automechanika event around the globe, and will take place April 24-26, 2015, at McCormick Place.  Automechanika Chicago will showcase the newest[Read More…]

Scania Metrolink buses delivered to Aeon Connect in Kerala

Scania Metrolink buses delivered to Aeon Connect in Kerala

Scania Commercial Vehicles India (SCVI) today delivered the first Scania Metrolink Coaches in Kerala to Aeon Connect Travels. Sivakumar V, Sales Director, SCVI, Staffan Arvas, Strategist, Brand & Marketing Communications, Scania CV AB and Agy George from Aeon Connect Travels were part of the occasion. These buses will connect travelers from Ernakulam to Hyderabad. Expressing happiness over the delivery of[Read More…]

by April 30, 2014 News, OEM, Web Exclusive