AURORA, Ontario, March 29, 2019 (GLOBE NEWSWIRE) — Magna announced today that it has completed the sale of its Fluid Pressure & Controls (FP&C) business to Hanon Systems, a South Korea-based global supplier of thermal and energy management systems, as previously announced.INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com, (+1) 905.726.7035MEDIA CONTACTTracy Fuerst, Global Director of Corporate… Continue reading Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems
Category: Suppliers
Honeywell To Release First Quarter Financial Results And Hold Its Investor Conference Call On Thursday, April 18
MORRIS PLAINS, N.J., March 28, 2019 /PRNewswire/ — Honeywell (NYSE: HON) will issue its first quarter financial results before the opening of The New York Stock Exchange on Thursday, April 18. The company will also hold a conference call with investors at 8:30 a.m. EDT. Conference Call Details To participate on the conference call, please dial… Continue reading Honeywell To Release First Quarter Financial Results And Hold Its Investor Conference Call On Thursday, April 18
Press: ZF signs definitive agreement to acquire WABCO
WABCO is a leading global supplier of braking control systems, technologies and services that improve safety, efficiency and connectivity of commercial vehicles including trucks, buses and trailers. Its diverse products and services include integrated braking systems and stability control, air suspension systems, transmission automation controls, as well as aerodynamics, telematics, and fleet management solutions. WABCO,… Continue reading Press: ZF signs definitive agreement to acquire WABCO
BRIEF-Baic Motor Corp Announces Capital Increase To Mercedes-Benz Leasing
March 28 (Reuters) – Baic Motor Corp Ltd: * ANNOUNCES CAPITAL INCREASE TO MBLC * CO AND DGRC TO CONTRIBUTE AN AGGREGATE AMOUNT OF RMB700 MILLION TO MBLC IN PROPORTION TO THEIR RESPECTIVE SHAREHOLDINGS * UNDER CAPITAL INCREASE, COMPANY WILL CONTRIBUTE RMB245 MILLION, REPRESENTING 35% OF AMOUNT UNDER CAPITAL INCREASE * ON COMPLETION OF CAPITAL… Continue reading BRIEF-Baic Motor Corp Announces Capital Increase To Mercedes-Benz Leasing
Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources
By Julie Zhu and Kane Wu HONG KONG, March 29 (Reuters) – Electric vehicle start-up Leap Motor, co-founded by surveillance equipment maker Dahua Technology, is seeking to raise 2.5 billion yuan ($372 million) in its latest funding round to finance growth, three people with knowledge of the matter said. The Chinese company, backed by state-owned… Continue reading Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources
Press: Service Packs for fast and efficient chassis and steering repairs
Expansion of the range of Lemförder Service Packs Cost-effective and efficient repair thanks to comprehensive assembly accessories ZF Aftermarket’s brand Lemförder offers garages with its Service Packs significantly less complicated steering and chassis repairs. The vehicle-specific mounting kits can be ordered in addition to the respective main component and then include all parts required for… Continue reading Press: Service Packs for fast and efficient chassis and steering repairs
Press: ZF acquires mobility provider 2getthere
“2getthere has more than three decades of experience in the market for autonomous passenger transport vehicles as well as unique engineering and software competences. This acquisition supports our strategy to become a leading autonomous transportation systems supplier in the booming new mobility market”, said Wolf-Henning Scheider, Chairman of the Board of Management at ZF Friedrichshafen… Continue reading Press: ZF acquires mobility provider 2getthere
Press: Successful E-Mobility from ZF: Speed on the Track, Range in Everyday Traffic
“We not only provide electric drives for cars, buses and commercial vehicles. Our specially developed technology also delivers in extreme motor racing where every watt-second from the battery, top efficiency and every hundredth of a second count,” says Jörg Grotendorst, Head of ZF’s E-Mobility Division. The latest example of the systems supplier’s vision in this… Continue reading Press: Successful E-Mobility from ZF: Speed on the Track, Range in Everyday Traffic
Toyoda Gosei Develops Lightweight Plastic Turbo Duct
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has developed a turbo duct made entirely of plastic. This reduces weight by half and will contribute to the environmental performance of automobiles. The new lightweight plastic turbo duct is used on the new HiAce for international markets that Toyota Motor Corporation launched in February 2019. Turbo ducts are… Continue reading Toyoda Gosei Develops Lightweight Plastic Turbo Duct
Lear Corporation — Moody’s upgrades Lear’s senior unsecured to Baa2; Outlook stable
Moody’s Investors Service upgraded Lear Corporation’s (Lear) senior unsecured rating to Baa2 from Baa3, and changed the rating outlook to stable from positive. The Baa2 senior unsecured debt rating incorporates Lear’s ability to adjust to cyclical changes in auto demand due to demonstrated flexibility in its cost structure, its considerable scale and importance as a… Continue reading Lear Corporation — Moody’s upgrades Lear’s senior unsecured to Baa2; Outlook stable