Category: Suppliers

Continental and Osram Sign Joint Venture Contract

Joint venture involving around 1,500 employees scheduled to start in the second half of 2018 once the necessary approvals have been obtained Both partners have a stake of 50 percent Sales target in mid-triple-digit-million-euro range CEO from Osram, CFO from Continental Regensburg, Munich, April 03, 2018. The technology companies Continental and Osram have successfully concluded… Continue reading Continental and Osram Sign Joint Venture Contract

News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market

Please click HERE for a PDF version of the release. Deal signed with Guangzhou Automobile Group Co., Ltd. (GAC) subsidiary Enables mass production of composite liftgates for fast-growing market Further expands Magna’s China footprint SHANGHAI, China, April 02, 2018 (GLOBE NEWSWIRE) — As the market for crossovers and sport utility vehicles continues to grow in… Continue reading News Release – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market

Valeo files its 2017 Registration Document

The 2017 Registration Document, available in French and English, includes the Annual Financial Report, the Integrated Report, the Board of Directors’ Management Report, the Board of Directors’ Corporate Governance Report, and the Sustainable Development Report, as well as information on the Company’s share buyback program. The 2017 Registration Document is available to the public in… Continue reading Valeo files its 2017 Registration Document

Copenhagen’s carbon neutral plan

It’s a prodigious goal: a carbon neutral city. The changes required to make it happen extend beyond Copenhagen’s city planners. Residents, businesses and infrastructure will all have to come together to make a carbon neutral Copenhagen by 2025. It’s an incredibly complex subject, carbon neutrality. It does not mean carbon-zero, or a complete lack of… Continue reading Copenhagen’s carbon neutral plan

Press Release – Magna Provides Engineering Expertise to New Automaker VinFast

Please click HERE for a PDF version of the release. Complete vehicle development for two models Advanced engineering methods reduce development time to 12 months Vehicles will be built at the VinFast production plant in Haiphong, Vietnam SHANGHAI, China, March 29, 2018 (GLOBE NEWSWIRE) — Asia represents one of the strongest growing automotive markets in… Continue reading Press Release – Magna Provides Engineering Expertise to New Automaker VinFast

Press Release – Magna Posts 2017 Annual Report

Please click HERE for a PDF version of the release. AURORA, Ontario, March 28, 2018 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) today announced that its 2017 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. … Continue reading Press Release – Magna Posts 2017 Annual Report

DENSO to Integrate the Management of Two Subsidiaries that Manufacture Parts

Mar. 29, 2018 News Releases Organization Announcement KARIYA (Japan) ― DENSO Corporation today announced that on July 1, 2018 it will integrate the management of two DENSO Group companies: DENSO PREAS Corporation and DENSO KIKO Co., Ltd., both of which manufacture metal press-worked parts. The business environment will tremendously change in the future with the… Continue reading DENSO to Integrate the Management of Two Subsidiaries that Manufacture Parts

UPDATE 1-GM Korea to ask GM to roll over debt, cut interest rate -source

SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to ask its U.S. headquarters to roll over a debt of 988 billion won ($929.1 million) owed by the loss-making unit and coming due in April, a source with direct knowledge of the matter told Reuters. The logo of GM Korea is seen at its… Continue reading UPDATE 1-GM Korea to ask GM to roll over debt, cut interest rate -source

Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support

MAUMEE, Ohio, March 28, 2018 /PRNewswire/ — James Kamsickas, president and chief executive officer of Dana Incorporated (NYSE: DAN), today commented on the benefits a Dana-GKN Driveline combination offers: Superior Value “The Dana and GKN Driveline combination clearly offers superior value to GKN shareholders.  It establishes the largest global supplier of vehicle drive systems, and… Continue reading Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support