Apollo Tyres, a leading tyre maker has announced that its Alnac 4G tyres has been chosen as the OE fitment for the just launched Maruti Suzuki Baleno. The tyre maker says it will be the supplier in the domestic market to Maruti Suzuki for the new Baleno, which would come fitted with Apollo Alnac 4Gs… Continue reading Apollo to be OE tyre supplier for Maruti Suzuki Baleno
Category: US Motoring Press
CEO Jim Farley vows Ford Motor will not split in two — previews restructuring
Ford CEO Jim Farley fed Wednesday what seemed to be an insatiable appetite among investor analysts clamoring to hear his latest thinking about the future of the 118-year-old automaker and whether he plans to create a second company for the rapidly evolving battery-electric vehicle business. He stated unequivocally that recent speculation about Ford splitting its operation into two separate companies focused on traditional internal… Continue reading CEO Jim Farley vows Ford Motor will not split in two — previews restructuring
Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Tesla is recalling 54,000 cars equipped with its Full Self-Driving software to disable a feature that in certain conditions lets the vehicles roll slowly through intersections without stopping. The move comes after the automaker was criticized on social media for enabling “rolling stops” in violation of traffic regulations. “Failing to stop at a stop sign… Continue reading Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Auto parts supplier Tenneco being taken private in $7.1 billion deal
Automotive parts maker Tenneco is being taken private by funds managed by affiliates of private equity firm Apollo in an all-cash deal valued at about $7.1 billion. The transaction includes the assumption of Tenneco’s debt. Apollo will pay $20 per Tenneco Inc. share, double from Tenneco’s closing price Tuesday of $9.98. Tenneco will continue to… Continue reading Auto parts supplier Tenneco being taken private in $7.1 billion deal
Bosch acquires stake in Indian digital marketplace Autozilla
German technology major Bosch has acquired a minority stake of 26 percent in Autozilla Solutions to participate in a digital B2B-marketplace for the independent aftermarket (IAM) in India. This transaction will strengthen Bosch’s market pull through its Bosch Car Service outlets and through the independent garages that are enrolled under the ‘Extra’ Loyalty Program. This… Continue reading Bosch acquires stake in Indian digital marketplace Autozilla
Volkswagen Is Considering a Plan to Spin Off Porsche in an I.P.O.
Volkswagen said it was considering hiving off its profitable Porsche division into a separate company with its own stock listing. The transaction would help the automaker raise money to invest in electric vehicles while also potentially returning more control of the high-performance carmaker to descendants of its founder. Volkswagen preferred shares, the most widely traded,… Continue reading Volkswagen Is Considering a Plan to Spin Off Porsche in an I.P.O.
Cummins buys Troy-based truck parts supplier Meritor for EV components
Cummins Inc. on Tuesday said it intends to acquire a Troy-based truck parts supplier to add axles and brakes for hybrid and electric powertrains to its portfolio in a $3.7 billion deal. Meritor Inc. shares surged more than 43% Tuesday, closing at $35.47 per share, while Cummins’ fell nearly 2% to $214.09. Go to Source
Motherson, Valeo to partner interior lighting solutions
Samvardhana Motherson Automotive Systems Group BV, a Motherson Group company and Valeo have signed a Memorandum of Understanding for integration of Valeo’s innovative lighting systems with Motherson’s new cabin interior modules and surfaces. This MoU sets the framework for this collaborative effort between Motherson and Valeo to create new solutions for interior lighting. By combining… Continue reading Motherson, Valeo to partner interior lighting solutions
GM halts in-vehicle shopping app, looks to possibly bring better service
General Motors is phasing out its Marketplace app on millions of vehicles as it studies a better in-vehicle-purchase software replacement. The move is part of GM’s quest, which it outlined last October during its Investor Day, to reach $20 billion to $25 billion in revenue from its various subscription services by the end of the decade. “We… Continue reading GM halts in-vehicle shopping app, looks to possibly bring better service
Ford recruits CEO with Detroit roots to run Michigan Central Station, Corktown site
Joshua Sirefman, an urban planner who trained at the University of Michigan and began his career in Detroit, is returning to lead the evolution of Michigan Central Station as the new CEO of what is now a subsidiary of Ford Motor Co. Sirefman, 54, lives in New York City and plans to look for a home within walking… Continue reading Ford recruits CEO with Detroit roots to run Michigan Central Station, Corktown site