Category: Suppliers

Press: Gravitational center of the automotive industry: ZF accelerates commitment in the Chinese market

“Our strategy for the Chinese automotive market is called ‘local for local’,” explains ZF Board Member Dr. Holger Klein, responsible for the Asia-Pacific region with China as its core market. “Almost all of our customers will expand their business in China in the coming years. We will support them in this by offering our entire… Continue reading Press: Gravitational center of the automotive industry: ZF accelerates commitment in the Chinese market

JLG and Dana Develop Spicer® Electrified™ e-Axle Concept for Next-Generation Aerial Work Platforms

MUNICH, April 9, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced its collaboration with JLG to develop an advanced Spicer® Electrified™ e-Axle as part of JLG’s electrification initiative.  The Spicer Electrified e-Axle features an optimized combination of electrified drive components packaged in a unique configuration that reduces power losses by up to 20 percent when… Continue reading JLG and Dana Develop Spicer® Electrified™ e-Axle Concept for Next-Generation Aerial Work Platforms

Nidec Completes Acquisition of DESCH Antriebstechnik GmbH & Co. KG and Its Group Companies

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on March 4, 2019, in Kyoto, Japan

Nidec Completes Acquisition of DESCH Antriebstechnik GmbH & Co.
KG and Its Group Companies

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has completed the acquisition of 70% ownership of DESCH Antriebstechnik GmbH & Co. KG and its group companies (collectively “DESCH”), privately owned German companies from its owners (the “Transaction”) through Nidec-Shimpo GmbH, a Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation.
The Transaction was performed in line with the acquisition plan announced on February 1, 2019. As a result of the Transaction, DESCH became consolidated subsidiaries of Nidec, as outlined below:

1. Outline of New Subsidiaries

(1) Company Name:

DESCH Antriebstechnik ..

Notice on Lawsuit Filed Against Nidec

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on March 12, 2019, in Kyoto, Japan

Notice on Lawsuit Filed Against Nidec

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) announced that on Friday, March 8, 2019 eastern standard time, Whirlpool Corporation (“Whirlpool”) has initiated a lawsuit in the United States District Court for the Southern District of New York against Nidec, alleging that Nidec is in breach of its obligations contemplated by the Share Purchase Agreement (”SPA”) whereby Nidec agreed to acquire their compressor business (“Embraco”) from Whirlpool, as Nidec announced in its press release “Nidec to Acquire Whirlpool Corporation’s Compressor Business” dated April 24, 2018.
The complaint alleges that Nidec has failed to take all actions required under the SPA to obtain antitrust approval of the Embraco acquisition before Apr..

New Spicer® Single Drive Axles Provide Significant Weight Savings, Increase Maneuverability for Fire and Rescue Vehicles

INDIANAPOLIS, April 8, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced at the Fire Department Instructor’s Conference (FDIC) International 2019 the launch of its new S35-190FT single-reduction and S35-590FT double-reduction single drive axles with a gross axle weight rating of 35,000 pounds to maximize payload capacity for fire and rescue applications. Designed exclusively for the… Continue reading New Spicer® Single Drive Axles Provide Significant Weight Savings, Increase Maneuverability for Fire and Rescue Vehicles

The other truth behind location data anonymity

De-identification isn’t anonymization. How do we truly anonymize location data while maximizing data value for development of (location-based) services? In Part I of this article, we identified some of the many ways that location data privacy can be breached by linking relatively simple insights and publicly available information. In my eyes, it’s a very positive… Continue reading The other truth behind location data anonymity

Notice Regarding the Status of Own Share Repurchase

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on April 1, 2019, in Kyoto, Japan

Notice Regarding the Status of Own Share Repurchase

(Repurchase of own shares, pursuant to the Company's Articles of Incorporation based on the provisions of Article 459-1-1 of the Company Law of Japan)
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 23, 2019, pursuant to Article 459, Paragraph 1, Item 1 of theCompany Law of Japan.
Details are as follows:
Details of Share Repurchase
1. Period of own share repurchase: From March 1, 2019 through March 31, 2019
2. Class of shares: Common stock
3. Number of own shares repurchased: 0
4. Total repurchase amount: 0 yen
Note: The above repurcha..