SKF has signed two agreements with Scania, totalling SEK 360 million, for the supply of wheel bearings and high pressure valve stem seals. Tryggve Sthen, President, SKF Automotive says, “It is truly rewarding to see our solutions contributing to Scania’s development of energy efficient trucks. This is a result of our long-term engineering partnership with Scania, which is built on[Read More…]
· Acquisition further strengthens Delphi’s high-growth electrical connectors business · Unwired acquisition the second agreement signed this month to significantly enhance company’s electrical/electronic architecture portfolio Delphi Automotive PLC has entered into a definitive agreement to acquire media connectivity module supplier, Unwired Technology LLC,expanding its data and media connectivity capabilities. The acquisition of Unwired follows the recently announced agreement to acquire Antaya Technologies Corp., a[Read More…]
Delphi Automotive PLC has signed a definitive agreement to acquire Antaya Technologies Corp. (“Antaya”), a leading provider of proprietary on-glass connectors, enhancing the company’s portfolio in the rapidly growing automotive electrical connectors business. Antaya is the largest manufacturer of on-glass connectors for the automotive glass industry in North America, with a growing customer base in China and Europe. Antaya also supplies lead-free[Read More…]
On June 25, Mando, an automotive parts manufacturer under Halla Group, signed a strategic cooperation agreement with GWM. Under the agreement, the two sides will work closely in fields such as steering system, suspension system and braking system. Present at the signing ceremony were both sides’ senior executives including Halla Chairman Chung Mong-won and GWM Chairman Wei Jianjun. According[Read More…]
In the presence of German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft and President and CEO of Volkswagen Group China, on 7 July signed a joint declaration for two new vehicle plants in China together with Xu Jianyi, Chairman of FAW. “China has become our largest and[Read More…]
DENSO Corporation and DENSO International Asia Co. Ltd. (DIAT), a DENSO group company in Thailand, has signed a Memorandum of Understanding in February 2014, with Thai Intelligent Transport System (ITS). This collaboration launched in March 2014 and will continue until March 2015. Its goal is to ease traffic congestion through the use of Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communications. In large[Read More…]
Halla Visteon Climate Control (HVCC) has announced that the company has reached an agreement to acquire an ownership stake in Japan Climate Systems (JCS) Nanjing of 51 percent and become the majority shareholder. The cash transaction, valued at $6.4 million (6.5 billion Korean Won), is subject to adjustments and expected to be finished in the third quarter of 2014, after[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…]
