Category: Suppliers

Press: ZF Issues Bonded Loans of EUR 2.1 Billion

Current issuing replaces a part of the bridge financing for the WABCO acquisition Issuance with high demand among German financial institutions and major international banks Second-largest bond-loan issuing in the history of ZF Friedrichshafen. ZF Friedrichshafen AG (ZF) has issued a bonded loan of EUR 2.1 billion. With the funds, ZF replaces a part of… Continue reading Press: ZF Issues Bonded Loans of EUR 2.1 Billion

Vitesco Technologies: New brand identity highlights claim to leadership in clean mobility drivetrain technologies

Continental’s Powertrain Division becomes Vitesco Technologies CEO Andreas Wolf: “Our goal is clean and sustainable mobility. To achieve it, we turn the central part of a vehicle into a smart and consistently electric one. I am very pleased about our new dynamic brand identity. It underlines claim to leadership in clean drives.” Vitesco Technologies develops… Continue reading Vitesco Technologies: New brand identity highlights claim to leadership in clean mobility drivetrain technologies

Robert Bosch Venture Capital invests in Trunk

About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital invests in Trunk

Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology

COLUMBUS, Ind. & SEOUL, Korea–(BUSINESS WIRE)–Hyundai Motor Company and Cummins Inc. (NYSE: CMI), announced today that the two global powertrain leaders have entered into a memorandum of understanding (MOU) to jointly evaluate opportunities to develop and commercialize electric and fuel cell powertrains. These new powertrains are expected to be developed by combining Hyundai’s fuel cell… Continue reading Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology

DENSO to Expand DENSO Hokkaido Plant – Expansion will increase production of semiconductor sensors as part of the company’s efforts to strengthen DENSO Group’s production system –

DENSO CORPORATIONDENSO HOKKAIDO CORPORATION KARIYA (Japan) ― DENSO Corporation announced today that it will expand the plant of DENSO Hokkaido Corporation, one of its group companies, as part of its efforts to increase production of semiconductor sensors, enhance its domestic production system and boost DENSO group’s competitiveness. DENSO will invest about 11 billion yen by… Continue reading DENSO to Expand DENSO Hokkaido Plant – Expansion will increase production of semiconductor sensors as part of the company’s efforts to strengthen DENSO Group’s production system –

The Group announces the closure of its Bamberg site, Germany, by early 2021

The Group announces the closure of its Bamberg site, Germany, by early 2021 The Michelin Group announced earlier today to its 858 employees its decision to cease the activities at its Bamberg site in Germany. The Bamberg site, opened in 1971, mainly manufactures Premium 16-inch passenger car tires, a market segment that is characterized by… Continue reading The Group announces the closure of its Bamberg site, Germany, by early 2021

Continental to Enhance Long-term Competitiveness and Proactively Shape the Future of Mobility

Executive Board and Supervisory Board discuss Strategy 2030 and Transformation 2019–2029 structural program Solid balance sheet structure and organizational realignment as starting point CEO Dr. Elmar Degenhart: “We see the technological upheaval in our industries first and foremost as a huge growth opportunity and are responding proactively to the emerging crisis in the automotive industry”… Continue reading Continental to Enhance Long-term Competitiveness and Proactively Shape the Future of Mobility

Cummins Pilots New Experiment for On-Demand Multimode Transportation at Purdue University

COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced a four-month pilot project in Indiana to evaluate an on-demand transit solution, in partnership with Purdue University and Energy Systems Network (ESN). The pilot begins September 30. The collaborative experiment, called Leaper X, includes a web-based mobile application powered by Cummins, and a small trial fleet of… Continue reading Cummins Pilots New Experiment for On-Demand Multimode Transportation at Purdue University