ZF Friedrichshafen AG and TRW Automotive Holdings Corp. today announced that they have entered into a definitive agreement under which ZF will acquire TRW. Under the terms of the agreement, ZF will acquire TRW in an all-cash transaction valued at approximately US$ 12.4 billion based on equity value. The agreement has been approved by ZF’s Supervisory Board and Management Board and[Read More…]
Electric vehicle and advanced battery specialists, engineers and executives will be gathering next week at The Battery Show / Electric & Hybrid Vehicle Technology Expo and Conference in Novi, Michigan to discuss solutions to meet the evolving demands of their cutting-edge industry. This year’s bumper show boasts 20% more exhibitors, double the floor space, upwards of 20% more registrations than[Read More…]
– Chief Executive Officer and President Rodney O’Neal to retire March 1, 2015 – Chief Financial Officer Kevin P. Clark named chief operating officer, will succeed O’Neal – Mark J. Murphy named chief financial officer Delphi Automotive PLC Chief Executive Officer and President Rodney O’Neal, today announced plans to retire March 1, 2015, following a distinguished 43-year[Read More…]
International competition in the automotive industry continues to increase, as do the technological demands on vehicles, and with them the costs. But increasing prices in the face of stiff competition in the market is no longer easily defensible. According to a McKinsey study, the costs incurred in the manufacture of passenger cars must be reduced three to four percent per[Read More…]
Global council to help keep Delphi a technology leader in the safe, green and connected space Delphi Automotive announced that it has formed a Technology Advisory Council as part of its ongoing commitment to lead the auto industry toward a safer, greener and more connected future. The panel of prominent global technology thought leaders will help guide Delphi’s product strategies[Read More…]
Official awards ceremony on 16 September 2014 The winners of the 2014 Automechanika Innovation Awards have been chosen. On 28 August, an independent jury of eight experts agreed on the seven winners whose innovative solutions and futureoriented products are to be honoured and shown at Automechanika Frankfurt. The winners were selected from 120 entries, 66 of them from Germany and[Read More…]
Cummins Inc. had announced that it has received certification for its 6.7L Turbo Diesel from the California Air Resources Board (CARB), meeting the Low-Emission Vehicle III (LEV III) standards. This new standard applies to all vehicles under 14,000 lb GVWR. The Cummins 6.7L Turbo Diesel powers the Ram Heavy-Duty lineup, and is the first medium-duty diesel engine in the 8,501-14,000[Read More…]
Navistar, Inc. has announced it is offering the Allison Transmission FuelSense® fuel-efficiency package on its medium-duty and vocational International® truck models. FuelSense, available in Allison’s 1000, 2000, 3000 and 4000 series transmissions, automatically adapts shift schedules and torque, maximizing transmission efficiency based on load, grade and duty cycle, without sacrificing performance. “Allison’s internal testing shows FuelSense cuts fuel consumption by[Read More…]
Enhancement of team of automotive and IT experts to pave the way for the future of transportation Continental plans to accelerate growth in the field of Intelligent Transportation Systems (ITS) and connected vehicles Interior Division forms new business unit headquartered in Silicon Valley, USA Seval Oz to head Continental Intelligent Transportation Systems, LLC Continental, a leading international automotive supplier and[Read More…]
The supply chain collaboration platform SupplyOn is offering a new function that supports manufacturing companies in observing statutory requirements with regard to so-called “conflict minerals”. The Dodd-Frank Act requires companies that supply their products to the target market U.S. to disclose the use of certain minerals along the entire supply chain – from the country of origin, the smelters and[Read More…]
