BASF, the world’s leading chemical company, and TODA KOGYO CORP., an industry leader in the development and manufacture of cathode materials for lithium-ion batteries, have agreed to form a joint venture for cathode active materials (CAM) in Japan. Under terms of the agreement, BASF will acquire a 66% ownership stake in the new venture, with TODA KOGYO CORP. holding a[Read More…]
Takaharu Fushimi, a managing corporate officer with Tokyo, Japan-based The Yokohama Rubber Co., Ltd. (YRC), has returned to the U.S. to assume the post of CEO for Yokohama Corporation of North America (YCNA). In this new appointment, Fushimi will be responsible for the strategic operations in North America, as well as oversight of the multiple subsidiaries and business units responsible[Read More…]
Michigan Economic Development Corporation confirms pavilion Automechanika Shanghai is attracting many new brands to its 2014 show which will take place 9 – 12 December 2014 at the Shanghai New International Expo Centre, China. So far, the show, which is the world’s second largest Automechanika trade fair for automotive parts, accessories, equipment and services, has sold nearly all of its[Read More…]
Scania Commercial Vehicles India Pvt Ltd has handed over India’s first ethanol-fuelled city bus to Nagpur Municipal Corporation (NMC) for trial run in Nagpur. Anders Grundströmer, Managing Director, Scania Commercial Vehicles India and Senior Vice President, Scania Group and Sivakumar V, Director – Sales, Scania Commercial Vehicles India handed over the bus keys to Nitin Gadkari, Honourable Union Minister of Road Transport &[Read More…]
Text: T Murrali The auto industry and the auto components industry in particular are saddled with several issues ranging from fluctuating cost of inputs, increasing operating cost, lack of steady policy, unfavourable economy, etc. Irrespective of the situation they have to maintain the key parameters such as quality, cost and delivery as their customers’ (OEMs) customers have been very[Read More…]
Daimler India Commercial Vehicles Pvt. Ltd. (DICV), the wholly owned subsidiary of Daimler AG, Stuttgart, Germany along with Mitsubishi Fuso Truck and Bus Corporation, Japan (MFTBC), a Daimler Company, under Daimler Trucks Asia, rolled out its first Left-Hand Drive (LHD) FUSO trucks for the export markets at its state-of-the-art manufacturing facility in Oragadam. The first heavy-duty truck – the FUSO[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…]
Takata Corporation auditors confirm appointment of directors At the annual general meeting of Takata Corporation held on June 26, the appointments of the following directors and auditors were confirmed. Chairman and CEO Shigehisa Takada President and COO Stefan Stocker Executive Director Yoshiyasu Kikuchi Executive Director Noriyuki Kosugi Executive Director Yasuhiko Ueno Executive Director(External) Hiroshi Nishioka Corporate Auditor Mitsugu Hamamura Corporate[Read More…]
