Rane Brake Lining Limited (RBL), part of auto component major Rane Group, has been ranked as one of the top ‘Best Workplaces’ in India for the second year in a row by the Great Place to Work Institute. This year Rane Brake Lining Limited has been ranked 3rd in the auto component industry. RBL, a part of the Rane group[Read More…]
Delphi Product & Service Solutions (DPSS) announced the launch of its global Electronic Unit Pump (EUP) and Smart Injector repair program for high performance, heavy-duty applications. The product launch provides Delphi’s authorised repair network the potential service opportunity of almost two million EUP and Smart injector units. Delphi’s EUP uses proven valve technology from Delphi’s EUI product Line. When used[Read More…]
Meritor, Inc. has announced that ZF Meritor LLC, a joint venture between a Meritor, Inc. subsidiary and ZF Friedrichshafen AG, and Meritor Transmission Corporation have reached a settlement agreement with Eaton Corporation relating to the antitrust lawsuit filed in 2006. Under the terms of the agreement, Eaton has agreed to pay $500 million to ZF Meritor LLC. Meritor will receive[Read More…]
Magna International Inc. has announced that its Magna Powertrain operating unit has received Volkswagen’s top supplier award – The 2014 Volkswagen Group Award. The 12th annual awards were presented on June 18, 2014, during a gala held at the Porsche Zentrum in Leipzig, Germany. Magna Powertrain is among a small group of suppliers that were recognized for excelling as a[Read More…]
Chrysler Group LLC and Fiat S.p.A. executives recently met with approximately 3,000 supplier representatives at their 2014 Annual Strategy Meeting and Supplier Awards Ceremony held at the Palace of Auburn Hills. Scott Garberding, Head of Group Purchasing, Fiat S.p.A., and Scott Kunselman, Head of Purchasing and Supplier Quality, Chrysler Group discussed the importance of the event’s theme “Putting[Read More…]
Faurecia, the world’s sixth-largest automotive supplier, received on June 24, 2014 the “Supplier of the Year” award at the Automotive Interiors Expo 2014 held at the Stuttgart Trade Fair Center. The prize, now in its third year, stands for extraordinary achievements and technologies in the field of automotive. Faurecia was able to come out on top, leaving renowned companies behind.[Read More…]
The polyurethane systems house Bayer Pearl has broken ground for construction of its new headquarters in the Dubai Investments Park, which will be the site of the regional offices and state-of-the-art production facilities. The site will feature research, development, and application laboratories as well as a demonstration center for the use of high-quality materials. The construction contract has been awarded[Read More…]
CNH Industrial N.V. has announced that it will close its assembly plant in Calhoun, Ga., in the third quarter of 2015. The facility produces construction equipment for CNH Industrial’s brands. This closure is necessary as the company adjusts its construction operations based on current volumes and market demand, and is consistent with CNH Industrial’s long-term strategy to optimize its manufacturing[Read More…]
Takata Corporation auditors confirm appointment of directors At the annual general meeting of Takata Corporation held on June 26, the appointments of the following directors and auditors were confirmed. Chairman and CEO Shigehisa Takada President and COO Stefan Stocker Executive Director Yoshiyasu Kikuchi Executive Director Noriyuki Kosugi Executive Director Yasuhiko Ueno Executive Director(External) Hiroshi Nishioka Corporate Auditor Mitsugu Hamamura Corporate[Read More…]
On June 20, 2014, the MAHLE Group, based in Stuttgart -Germany, signed an agreement for the acquisition of the majority share in Slovenian group Letrika d.d. The conclusion of the agreement is subject to approval by the responsible antitrust and supervisory authorities. MAHLE expects this to be granted in the second half of 2014. The acquisition of approximately 54 percent[Read More…]
