Grammer AG signs joint venture agreement with one of the largest automotive suppliers in China

Nov 5, 2019    Tier Suppliers

Grammer AG has signed an agreement with CHANGCHUN FAWSN GROUP CO., LTD., Changchun, China, an affiliated company of FAW Group Co., Ltd., one of the largest automotive manufacturers in China, to establish a joint venture for automotive interior components.

Covestro completes sale of European Systems Houses business to H.I.G. Capital

Nov 4, 2019    Tier Suppliers

Covestro has successfully closed the sale of its European Systems Houses business to H.I.G. Capital effective as of November 1, 2019.

Cooper Tire announces plans to own 100% of Mexico joint venture facility

Nov 4, 2019    Tier Suppliers

Cooper Tire & Rubber Company has announced that it plans to increase ownership in its Mexico joint venture tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58% to 100%.

Meritor announces expansion of its electric-drive systems offering

Nov 1, 2019    Tier Suppliers

Meritor, Inc. has announced an expansion of its electric drivetrain solutions by launching the 12Xe™ powertrain for Class 4, 5, 6 and 7 applications and introducing the 17Xe powertrain for heavy-duty 4×2 and 6×2 trucks.

Magna wins its largest-ever order for transmissions - from BMW

Nov 1, 2019    Tier Suppliers

The multi-year contract includes all front-wheel drive dual-clutch transmissions, including hybrid transmission variants.

Veoneer to divest Japan and China operations of brake system joint venture

Oct 31, 2019    Tier Suppliers

Veoneer, Inc. has signed agreements (the "Definitive Agreements") to sell its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture partner Nissin-Kogyo Co., Ltd. and Honda Motor Co., Ltd.

Afton Chemical completes multimillion dollar expansion of Japan Technology Center in Tsukuba

Oct 31, 2019    Tier Suppliers

Afton Chemical Corporation, a global leader in the lubricant and fuel additive market, has announced the completion of its Japan Technology Center expansion in Tsukuba, Japan.

PPG announces investment in Cleveland automotive adhesives and sealants R&D facility

Oct 31, 2019    Tier Suppliers

PPG has announced an investment in a 2,100-square-foot automotive adhesives and sealants laboratory on the company’s existing 42-acre manufacturing and research complex in Cleveland, Ohio.

FALKEN TIRES selected as the original equipment supplier to 2020 Toyota RAV4 TRD Off-Road

Oct 30, 2019    Tier Suppliers

Sumitomo Rubber North America, Inc., Sumitomo Rubber Group's American sales company, has been chosen by Toyota Motor North America as the original equipment supplier to the new 2020 Toyota RAV4 TRD Off-Road.

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