CIE Automotive acquires Aurangabad Electricals

Mar 13, 2019    Tier Suppliers

The Board of Directors of Mahindra CIE have reached a decision to acquire the business of Aurangabad Electricals Limited (“AEL”) through the acquisition of 100% of its equity shares for an enterprise value of INR8,756 million ($122.58 million), which includes a deferred payment estimated up to INR622 million ($8.71 million).

Constellium to expand extrusion capacity at its German plant

Mar 12, 2019    Tier Suppliers

Constellium announced that is expanding its plant in Singen, Germany, with an additional aluminium extrusion press to supply automotive customers in Europe.

Faurecia and Michelin to create new JV to advance hydrogen mobility

Mar 12, 2019    Tier Suppliers

Michelin, world leader in tyres and sustainable mobility, and Faurecia, technology leader in the automotive industry, announced the signing of a Memorandum of Understanding to create a joint venture bringing together all of Michelin’s fuel cell related activities - including its subsidiary Symbio – with those of Faurecia.

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China Automotive Systems to supply EPS systems to Great Wall Motors

Mar 8, 2019    Tier Suppliers

China Automotive Systems, Inc., a leading power steering components and systems supplier in China, announced that it has won a major exclusive supply contract from China's leading automaker Great Wall Motor Company Limited.

Varroc Lighting Systems opens new R&D centre in Poland

Mar 8, 2019    Tier Suppliers

Varroc Lighting Systems, a global supplier of innovative exterior vehicle lighting systems and electronics announced the opening of a new research and development office in Krakow, Poland.

BorgWarner's EGR Technology enables NOX reductions for Hyundai engines

Mar 8, 2019    Tier Suppliers

BorgWarner is providing the Hyundai Motor Group with exhaust gas recirculation (EGR) valves that reduce nitrogen oxide (NOX) and carbon monoxide (CO). In addition, the company's technology contributes to improved fuel efficiency of up to 2.5% and features cost-effective design.

Mitsubishi Electric to construct new plant in Czech Republic

Mar 8, 2019    Tier Suppliers

Mitsubishi Electric Corporation announced that it would start construction of a new plant on the premises of its subsidiary Mitsubishi Electric Automotive Czech s.r.o (MEAC) in Slaný, Czech Republic.

Mahle acquires German transmission design specialist ZG

Mar 7, 2019    Tier Suppliers

Mahle's acquisition of the German transmission specialist ZG-Zahnräder und Getriebe GmbH has added significant extra transmission expertise to Mahle Powertrain, one of the leading independent specialists in high-efficiency propulsion systems in Europe.

European Commission fines Autoliv and TRW in cartel settlement

Mar 7, 2019    Tier Suppliers

The European Commission has fined Autoliv and TRW a total of €368 million ($415.84 million) for breaching EU antitrust rules. Takata was not fined as it revealed the cartels to the Commission.

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