* NPS says Elliott’s dividend proposals “excessive” * NPS says Elliott nominees may lead to “conflicts of interest” * Hyundai shares lose ground (Add analyst, Hyundai comments, share prices) By Hyunjoo Jin SEOUL, March 14 (Reuters) – Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea’s Hyundai Motor… Continue reading S.Korean pension fund deals blow to Elliott in Hyundai fight
Category: Suppliers
Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund
SOUTHFIELD, Mich., March 11, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has invested in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology. The investment, which is being made through Lear Innovation Ventures (LIV), enables future collaboration… Continue reading Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund
Tenneco Reports Fourth Quarter and Full-Year 2018 Results
LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco (NYSE: TEN) reported a fourth quarter net loss of $109 million, or $(1.35) per diluted share. Fourth quarter 2017 net income▲ was $62 million, or $1.19 per diluted share. Adjusted net income was $105 million, or $1.30 per diluted share, versus $91 million or $1.75 per diluted share last year.▲ Fourth… Continue reading Tenneco Reports Fourth Quarter and Full-Year 2018 Results
New Metal Water Pump Housing
Tough, durable solution for the automotive aftermarket Launched in CT 1143WP 2 and CT 1143WP 3 timing belt kits + water pump Hanover, March 2019. Technology company Continental has unveiled an especially tough, durable aftermarket component for vehicle engines: a new metal water pump housing. These covers are usually made of plastic, mostly polyethylene or… Continue reading New Metal Water Pump Housing
New Management Structure at Continental
Transformation and continuity on road to reorganization due to start in 2020 Executive Board member Nikolai Setzer to switch to new role of spokesman for the Automotive Board as of April 1, 2019 / Appointment extended to end of March 2024 ahead of time New Executive Board member Christian Kötz to take charge of the… Continue reading New Management Structure at Continental
Meritor Announces Appointment of Carl Anderson as Senior Vice President and Chief Financial Officer
All Meritor offices will be closed July 4, 2018 in observation of the holiday.
ZF Establishes Its Own Technology Center for Artificial Intelligence and Cybersecurity
“With the new Technology Center for Artificial Intelligence and Cybersecurity, we are taking our Group-wide expertise in these key digital technologies to a new level. We are also in direct proximity to the most respected practical research institutions in these disciplines and can thus intensify our cooperation,” explained Wolf-Henning Scheider. “We will hire some 100… Continue reading ZF Establishes Its Own Technology Center for Artificial Intelligence and Cybersecurity
Continental’s Entrepreneurship Incubator Produces First Spin-Off Company
co-pace gives entrepreneurs the freedom and resources to grow; accelerates Continental’s agility and innovation Participant in first co-pace cohort launches a new company, PassiveBolt, in Ann Arbor, Michigan Support of creativity and entrepreneurship cements Continental as an employer of choice Auburn Hills, Mich., March 12, 2019 – After launching co-pace in 2017, the startup organization… Continue reading Continental’s Entrepreneurship Incubator Produces First Spin-Off Company
Michelin : Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
March 11th, 2019Disclosure of the total number of voting rights and of the number of sharesmaking up the Company’s capital(articles L.233-8 of the French Commercial Code and 223-16of the General Reglementation of the Autorité des Marchés Financiers)* Considering 0 treasury sharesAttachmentDéclaration AMF EN 2019_02_28.pdf Go to Source
Michelin : Michelin acquires 88% of leading Indonesian tire manufacturer PT Multistrada Arah Sarana TBK.
Press releaseClermont-Ferrand – March 8, 2019COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINMichelin today announced it has acquired 88% of PT Multistrada Arah Sarana TBK (“Multistrada”), a tire manufacturer based in Indonesia, for USD 480 million. The transaction was completed in line with the terms announced on January 22, 2019 and after obtaining all of the necessary approvals.With a… Continue reading Michelin : Michelin acquires 88% of leading Indonesian tire manufacturer PT Multistrada Arah Sarana TBK.