BPCL and IONAGE Strengthen EV Charging Partnership
Hyundai Motor India Partners with CHARGE ZONE to Boost EV Charging Infrastructure
Assam Govt, Tata Group signed land deal for Rs 27,000 Cr semiconductor plant
Apollo Tyres Retains Silver Award once again
Good News : Maharashtra Govt Reduces VAT on Petrol, Diesel in Mumbai, Navi Mumbai, Thane

International

Robert Bosch Automotive and IBM create engineering platform

IBM and Robert Bosch GmbH announced a collaborative partnership to create a new, data-driven model to more efficiently and accurately develop intelligent, interconnected automotive products. Built on open standards and IBM design tools, the continuous engineering software platform can quickly scale to thousands of partners, clients, engineers and technicians. By engaging all relevant stakeholders in the automotive supply chain and[Read More…]

by — May 14, 2014 — International, Newscast, Web Exclusive
Federal-Mogul expands powertrain footprint in China

Federal-Mogul expands powertrain footprint in China

Federal-Mogul Holdings Corporation’s Powertrain Division has increased its piston manufacturing footprint in China to meet the growing demand for its advanced Elastoval piston products that lower emissions and reduce fuel consumption. The expansion of the company’s Qingdao piston manufacturing facility aligns with the company’s strategy to locally serve China’s domestic and foreign automakers. Federal-Mogul’s Qingdao manufacturing facility is located in[Read More…]

by — May 8, 2014 — International, Newscast, Web Exclusive
Shareholder value creation plan and solid financial performance mark Visteon’s Q1 results

Shareholder value creation plan and solid financial performance mark Visteon’s Q1 results

Visteon Corporation today announced first-quarter 2014 results, reporting sales of $1.98 billion and net income attributable to the company of $19 million, or $0.38 per diluted share. Adjusted EBITDA, a non-GAAP financial measure was $170 million, compared with $141 million in the same period last year. “We delivered solid financial results in the first quarter while announcing or completing key[Read More…]

by — May 8, 2014 — International, Newscast, Web Exclusive
Continental in-tyre sensors read tread, depth

Continental in-tyre sensors read tread, depth

The close cooperation between electronics and tyre developers at Continental, the international automotive supplier, continues to bear fruit. Future tyre pressure sensors, for instance, will be able to detect when a tyre change is necessary due to insufficient tread depth. Explaining the importance of regular tread depth monitoring, Andreas Wolf, head of the Body & Security business unit, points out,[Read More…]

by — May 7, 2014 — International, Newscast, Web Exclusive
Bosch Car Service Centers join forces with CORALIX Fleet Solutions

Bosch Car Service Centers join forces with CORALIX Fleet Solutions

Bosch operates some 1100 Bosch Car Service centers in Germany, offering all manner of cross-brand car services. The range of services offered at these centers includes the traditional Bosch fields of automotive electrics, electronics and diesel servicing, as well as general mechanical repairs, inspections, air-conditioning servicing, oil servicing, tires and autoglass servicing as well as in-car multimedia servicing. Special conditions[Read More…]

by — May 5, 2014 — Allied Business, International, Newscast, Web Exclusive
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 — International, Newscast, 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 — International, Newscast, 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…]

by — May 2, 2014 — Finance, International, Newscast, Web Exclusive

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 — International, Newscast, 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…]

by — April 30, 2014 — Allied Business, International, Newscast, Trending, Web Exclusive
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