DENSO Corporation has recently announced that it acquired a 50 percent stake in DJ COOL Corporation, a Turkish company that designs, manufactures, and sells air conditioning systems for bus and tractors and refrigerator systems, on October 14, 2014. DJ COOL was established in Turkey by Abdul Latif Jameel Co., Ltd. (ALJ), a major automotive distributor in the Middle East region.[Read More…]
– Joint venture in chassis technology for development and assembly of chassis systems – New plant with 200 employees will be located south-east of Beijing ZF Friedrichshafen AG and Beijing Automotive Industry Corporation (BAIC Group) have for the first time founded a joint venture for developing and assembling passenger car chassis systems. Dr. Stefan Sommer, CEO of ZF, and[Read More…]
In keeping with its vision of expanding its global footprint to as many as 50 countries by 2020, Hero MotoCorp Ltd (HMCL), the world’s largest two-wheeler manufacturer, marked yet another significant milestone in its journey to global expansion –the formation of its wholly-owned subsidiary in Colombia and the commencement of a state-of-the-art manufacturing plant in the country. The foundation-stone was[Read More…]
