Faurecia today announced that it had completed the acquisition of 100% of the Swiss company Hug Engineering, a market leader in complete exhaust gas purification systems for high horsepower engines (above 750hp). These engines are used in applications including marine propulsion, power generation, rail, agricultural and other industries. This acquisition represents a major step forward… Continue reading FAURECIA COMPLETES PURCHASE OF HUG ENGINEERING
Category: Official Press Release
JAGUAR CHARGES AHEAD WITH ALL-NEW ELECTRIC I-PACE
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JAGUAR I-PACE CHARGES AHEAD IN EV RACE
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Plastic Omnium is strengthening its position as world leader in front-end modules
On March 1st, 2018, Compagnie Plastic Omnium signed an agreement with the German group Mahle to acquire its 33.33% shareholding in the HBPO joint venture, up to then held by Plastic Omnium, Hella and Mahle-Behr.This acquisition was made at an Enterprise value of € 350 million and will be financed by the group’s own resources.After… Continue reading Plastic Omnium is strengthening its position as world leader in front-end modules
American Honda Reports February 2018 Sales Results
Honda HR-V sets new February sales record, gaining 6.9% Honda Pilot sales jump 49% in February, its 6th consecutive month of sales gains Honda Odyssey bucks minivan market trend as retail sales drive 3.4% increase Double-digit gains for TLX, ILX and RLX push Acura cars up 17.4% for the month American Honda Motor Co., Inc.… Continue reading American Honda Reports February 2018 Sales Results
Withdrawal from joint venture: MAHLE plans to sell HBPO shares to Plastic Omnium
HBPO is specialized in the assembly, logistics, development, and design of front-end modules, consisting of bumpers, lighting systems, and cooling components. Assembly of front-end modules is not integral to MAHLE’s core business. MAHLE focuses on the development and production of cooling modules. The cooling modules installed in the front-end module are usually commissioned by the… Continue reading Withdrawal from joint venture: MAHLE plans to sell HBPO shares to Plastic Omnium
Porsche Reports February 2018 Sales
ATLANTA, March 1, 2018 /PRNewswire/ — Porsche Cars North America, Inc. (PCNA), importer and distributor of the Porsche 911, 718 Boxster and Cayman, Panamera, Cayenne, and Macan, today announced February 2018 retail sales of 4,382 vehicles, up 20.5 percent from February 2017. Year-to-date, Porsche recorded sales of 9,198, an 11.6 percent increase over the same period… Continue reading Porsche Reports February 2018 Sales
Subaru of America, Inc. Announces February Sales
CHERRY HILL, N.J., March 1, 2018 /PRNewswire/ — Best February ever – monthly sales increase 3.8 percent over February 2017 75 consecutive months of yearly month-over-month growth Best February ever for Crosstrek and Outback 48 consecutive months of more than 10,000 Outbacks sold 55 consecutive months of more than 10,000 Foresters sold Subaru of America,… Continue reading Subaru of America, Inc. Announces February Sales
Toyota Motor North America Reports February 2018 Sales
PLANO, Texas, March 1, 2018 /PRNewswire/ — Toyota Motor North America (TMNA) today reported February 2018 sales of 182,195 vehicles, an increase of 4.5 percent from February 2017 on a volume basis. With the same amount of selling days in February 2018 compared to February 2017, sales were up 4.5 percent on a daily selling rate… Continue reading Toyota Motor North America Reports February 2018 Sales
