Dana Holding Corporation today announced results for the first quarter of 2014. Sales were $1.688 billion, compared with $1.676 billion for the same period in 2013. Favorable end-market demand in most regions provided a benefit of $56 million that was partially offset by unfavorable currency effects, principally in South America. As of March 31, 2014, Dana changed the exchange rate[Read More…]
In the spring of 2013, Freiburg-based coach operator Avanti Reisen set off in an S 515 HD on what is to date the world’s longest journey by bus. The tour was brought to a successful conclusion at the end of the year in Ushuaia in Argentina, the world’s southernmost city. Following the return of the Setra ComfortClass 500 touring coach to Germany, Avanti[Read More…]
Bosch has opened its first center for software development and engineering services in North America in Guadalajara, Mexico. As a first stage, it plans to invest some 5 million US dollars in the 1,800 square-meter IT location in Mexico’s second-largest city, with the initial creation of over 200 engineering jobs. “Our investment in Guadalajara underscores our confidence in the[Read More…]
DHL Supply Chain, a unit of Germany-based Deutsche Post DHL, opened its new Sagamihara Logistics Center, a purpose-built facility located in Sagamihara City, Kanagawa Prefecture, Tokyo. The company invested USD$50m for the construction of the centre. “Our investment in the new Sagamihara Logistics Centre is evidence of DHL’s long term commitment to the logistics market in Japan,” said Victor Mok, CEO[Read More…]
The Indian Forging Industry has always been a major growth driver of the Indian manufacturing sector and is one of the important industries for the success of automobile, power sector and general engineering in the country. The Association of Indian Forging Industry (AIFI) is the umbrella organization of the forging Industry in India with more than 250 members across India.[Read More…]
World’s largest two-wheeler manufacturer by volume, Hero MotoCorp Ltd (HMCL) today launched its operations in Bangladesh through a Joint Venture (JV) with the Nitol Niloy Group. The JV was announced here today by Pawan Munjal, Managing Director & Chief Executive Officer, Hero MotoCorp Ltd, and Mr. Abdul Matlub Ahmad, Chairman, Nitol Niloy Group of Companies. Hero will hold majority stake[Read More…]
International Tractors Ltd, part of the Rs 5,000 crore Sonalika Group recently announced its partnership with L&T Finance (LTF) for tractor financing. The partnership aims at providing easy credit and financing benefits to Sonalika’s customers across the country. Marked with competitive interest rates, customised repayment options and additional benefits for farmers, the association will be a boon for prospective Sonalika[Read More…]
Two new products from VDO, DTCO GeoLoc and DTCO Fuelgate, deliver significant increases in efficiency and are easy to retrofit. The new DTCO GeoLoc records a truck’s GPS positions in the VDO digital tachograph. The data can then be analysed with the fleet management module ‘Optimize Route Planning’ in TIS-Web for future planning. In addition, DTCO GeoLoc can transmit the[Read More…]
Daimler India Commercial Vehicles the wholly-owned subsidiary of Daimler AG, today announced the departure of VRV Sriprasad as Vice President- Marketing, Sales and After-sales, from the company eith effect 1 May 2014. R Ramesh who was hitherto AVP – Aftersales will take-over as Head –Aftersales & Exports and V Sreeram, who was hitherto AVP – Sales will take-over as Head[Read More…]
“Vehicle efficiency and durability are critical to our operation,” said Tuncer Tokaç, Special Loads and Mobile Transportation and Operations Manager at TEİAŞ. “A black-out is not an option, and Allison Transmissions meet our requirements and help keep our vehicles operational.” The Turkish Electricity Transmission Corporation (TEİAŞ) is responsible for meeting Turkey’s changing electrical energy needs in accordance with advancements in[Read More…]
