It is a fact that electrification reduces fuel consumption in hybrid vehicles and enables electric vehicles to travel with zero emissions. Yet for Dr Rolf Bulander, member of the board of management at Robert Bosch GmbH, there’s more to it than that. “Electromobility is not just a matter of emissions and costs. It’s also a question of dynamics, power and driving[Read More…]
Visteon Corporation today announced that it has completed the acquisition of the automotive electronics business of Johnson Controls, creating one of the world’s three largest suppliers of vehicle cockpit electronics. The two companies announced plans for the $265 million cash transaction on Jan. 13. The acquisition will enhance Visteon’s competitive position in the fast-growing vehicle cockpit electronics segment by strengthening[Read More…]
According to OPEC, world demand for oil will rise daily to 108.5 million barrels (one barrel = 159 litres) by 2035. At present, global oil consumption amounts to 90 million barrels a day. In line with this trend, the number of exhibitors from the oil and lubrication sector has risen significantly and round 100 companies have registered to present their[Read More…]
Daimler India Commercial Vehicles (DICV), the wholly owned subsidiary of Daimler AG, Stuttgart, Germany along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), a Daimler Company, started shipping DICV-made FUSO trucks to Indonesia, the key strategic market in Asia. With the new range of trucks, the company aims to fuel additional momentum in the market where FUSO has established[Read More…]
Halla Visteon Climate Control Corporation (HVCC) has agreed to purchase the automotive thermal and emissions product line of Cooper-Standard Automotive Inc., a subsidiary of Cooper-Standard Holdings Inc. in a move that will expand its thermal energy management product portfolio and further diversify its customer base. The cash transaction, valued at $46 million and subject to adjustment and certain regulatory and[Read More…]
Effective July 1, 2014, the partners of Robert Bosch Industrietreuhand KG have decided to accept Dr. Wolfgang Malchow (64) as a further limited partner. Since the start of 2012, Malchow, who has a PhD in law, has been a member of the supervisory board of Robert Bosch GmbH. Prior to that, he was director of industrial relations and a member of[Read More…]
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…]
