Federal-Mogul’s iconic Champion brand of spark plugs, wipers, filters and chemical additives has expanded its presence in the fast-growing sport of professional drifting by signing sponsorship agreements with two premier drivers in the Formula Drift championship series. Formula Drift competition challenges drivers to maneuver their cars into well executed, controlled lateral slides at high speeds on a marked course. The[Read More…]
Automotive components major Continental has taken over full ownership of its former joint venture, Zytek Automotive, based in Fradley in the United Kingdom. This is effective from February 3, 2014. It previously had a 50 percent shareholding in Zytek Automotive. Both companies have agreed not to disclose the price for the acquisition. In future, Zytek Automotive will operate as a[Read More…]
Visteon Corporation has named Peter Ziparo to the position of vice president and general counsel, with responsibility for the company’s global legal and compliance activities. He replaces Michael Sharnas, Visteon’s general counsel since September 2009, who has elected to relocate to southwestern Michigan and remains with the company in a revised role, focusing on strategic transactions. Ziparo joined Visteon[Read More…]
Visteon Corporation has unveiled a new Innovation centre at the global automotive supplier’s corporate headquarters in Van Buren Township, Michigan. The state-of-the-art facility combines a technology showroom with a conferencing area, design studio, collaboration space and ‘experience lab’ – aimed at fostering creativity and teamwork in delivering new products and solutions for automakers. “The innovation centre is a reflection of[Read More…]
Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles Pvt. Ltd. (DICV), today reported important personnel changes in their Board of Management, which will be effective June 01, 2014. These changes have been decided by the Board of Management, Daimler AG, but as a formality are still subject to the approval by the Shareholders’ meeting and[Read More…]
Global powertrain supplier BorgWarner finalised its acquisition of Gustav Wahler GmbH & Co. KG. The company will maintain the Wahler name as a product brand in the aftermarket. A producer of exhaust gas recirculation (EGR) valves and tubes as well as engine thermostats for both on- and off-road applications, Wahler’s customers include leading automotive manufacturers from around the world. “The[Read More…]
Daimler AG and Evonik Industries AG are restructuring their activities in the field of electric mobility in Kamenz and Kirchheim/Teck, and are thus reflecting the changed market conditions. Daimler will acquire all of the shares held by Evonik in Li-Tec Battery GmbH (50.1 percent) and in Deutsche ACCUmotive GmbH & Co. KG (10 percent). This will make Daimler the sole[Read More…]
About 200 new jobs will be provided at the Czech ZF development location in Pilsen by 2017. The increasing number of development projects from corporate headquarters and the divisions have required to expand capacities. The technology company has now started construction works for a seven-story office building. ZF took over the location in Pilsen from an independent engineering service provider[Read More…]
BorgWarner will expand its Powertrain Technical centre in Auburn Hills, Michigan, to support programs in North America and supplement its global network of technical centres. The nearly 46,000-square-foot addition will include space for program managers, sales and engineering professionals. Driven by the company’s escalating growth, the expansion is expected to be complete in early 2015 and support up to 200[Read More…]
Automotive systems major Continental will launch production this month of short range radar sensors for advanced driver assistance systems at its plant in Seguin, Texas. “Expanding our manufacturing capacity takes us a step closer to our American customers. In the market for the market is a keystone of our strategy,” said Karlheinz Haupt, head of the Advanced Driver Assistance[Read More…]
