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Delphi signs Definitive Agreement to acquire Antaya Technologies

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…]

by September 23, 2014 International, Newscast, Web Exclusive
NI takes first steps into industrial Internet of Things; launches InsightCM

NI takes first steps into industrial Internet of Things; launches InsightCM

  National Instruments (NI), the Austin-headquartered provider of systems target at engineers and scientists, announced the launch of its InsightCM Enterprise, a condition monitoring solution that helps companies gain insight into the health of their capital equipment for machine maintenance and operations. With this launch, NI has entered the industrial Internet of Things, a fast growing technology sector. “With the[Read More…]

Bosch India Ltd workers on Strike

Bosch Ltd has informed Bombay Stock Exchange that the employee union of Bosch Bangalore plant has chosen to go on strike with effect from September 16, 2014 in order to press for their unreasonable demands. Strike will be considered as illegal. The Management is in discussion with the Union to restore normalcy at the earliest with the intervention of the Additional[Read More…]

by September 17, 2014 Newscast, Web Exclusive
ZF Friedrichshafen agrees to acquire TRW Automotive

ZF Friedrichshafen agrees to acquire TRW Automotive

ZF Friedrichshafen AG and TRW Automotive Holdings Corp. today announced that they have entered into a definitive agreement under which ZF will acquire TRW. Under the terms of the agreement, ZF will acquire TRW in an all-cash transaction valued at approximately US$ 12.4 billion based on equity value. The agreement has been approved by ZF’s Supervisory Board and Management Board and[Read More…]

by September 16, 2014 Business Filings, Focus, International, Web Exclusive

Valvoline Cummins inaugurates Laboratories for R&D and Product Development along with Training Center

Valvoline Cummins Ltd. (VCL), a joint venture between Ashland Inc. and Cummins India Limited, today announced the opening of its new laboratories for R&D and Product Development along with a world-class training facility, at its Ambernath plant, close to Mumbai. All the three facilities were formally inaugurated by Dr. Frances E. Lockwood, Senior Vice-President and Global Chief Technology Officer, Ashland[Read More…]

by September 14, 2014 Allied Business, Newscast, Web Exclusive

Plugged-in to the future

Electric vehicle and advanced battery specialists, engineers and executives will be gathering next week at The Battery Show / Electric & Hybrid Vehicle Technology Expo and Conference in Novi, Michigan to discuss solutions to meet the evolving demands of their cutting-edge industry. This year’s bumper show boasts 20% more exhibitors, double the floor space, upwards of 20% more registrations than[Read More…]

by September 14, 2014 International, Trending, Web Exclusive
ACMA Annual Convention shows the way to leverage Global Opportunity

ACMA Annual Convention shows the way to leverage Global Opportunity

  Releasing the joint ACMA-McKinsey study titled ‘Capturing the global opportunity – The next imperative for the Indian auto component industry’ by Anant Geete, Union Minister for Heavy Industries & Public Enterprises and the panel discussion on the subject were the highlights of the 54thAnnual Session & National Conference of ACMA, the apex body of the Auto Component Industry in[Read More…]

by September 12, 2014 Newscast, Trending, Web Exclusive

SKF India receives Quality Silver award from Bajaj Auto

SKF India’s Two Wheeler business unit received the Quality Silver award from Bajaj Auto Ltd. for valuable support and contribution for the year 2014. The supplier assessment was based on criteria such as quality, cost, delivery, service and supplier’s response management. Mr. Harsha Kadam, Director Two Wheeler Business Unit, SKF India and Mr. Shailesh Shet, DGM, 2 Wheeler Sales-Western Region,[Read More…]

by September 10, 2014 Newscast, OEM, Web Exclusive

Delphi Announces Leadership Transition Plan

  – Chief Executive Officer and President Rodney O’Neal to retire March 1, 2015 –   Chief Financial Officer Kevin P. Clark named chief operating officer, will succeed O’Neal –   Mark J. Murphy named chief financial officer Delphi Automotive PLC Chief Executive Officer and President Rodney O’Neal, today announced plans to retire March 1, 2015, following a  distinguished 43-year[Read More…]

by September 10, 2014 International, Newscast, Web Exclusive
The PMD 2 Grinding Machine from EMAG “grinds down“ the costs of crankshaft production

The PMD 2 Grinding Machine from EMAG “grinds down“ the costs of crankshaft production

International competition in the automotive industry continues to increase, as do the technological demands on vehicles, and with them the costs. But increasing prices in the face of stiff competition in the market is no longer easily defensible.  According to a McKinsey study, the costs incurred in the manufacture of passenger cars must be reduced three to four percent per[Read More…]