Auburn Hills, Michigan, March 31, 2020 – BorgWarner Inc. (NYSE: BWA) today issued the following statement: On March 30, 2020, BorgWarner Inc. (“BorgWarner” or “Company”), was informed that Delphi Technologies PLC, a public limited company incorporated under the Laws of the Bailiwick of Jersey (the “Delphi Technologies”), provided notice to the lenders pursuant to its… Continue reading BorgWarner Issues Statement Regarding Delphi Technologies’ Revolver Draw Down
Tag: Tier 1 Suppliers
10,000 respirators in 50 days: Air Liquide, Groupe PSA, Valeo, Schneider Electric get cracking
Faced with the compelling need for more respirators on its national territory, the French government has asked, on March 22, a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and… Continue reading 10,000 respirators in 50 days: Air Liquide, Groupe PSA, Valeo, Schneider Electric get cracking
@Groupe PSA: Air Liquide, Groupe PSA, Schneider Electric, Valeo rise to the challenge of producing 10,000 Air Liquide Medical Systems respirators in response to th…
Faced with the compelling need for more respirators on its national territory, the French government has asked, on March 22, a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and… Continue reading @Groupe PSA: Air Liquide, Groupe PSA, Schneider Electric, Valeo rise to the challenge of producing 10,000 Air Liquide Medical Systems respirators in response to th…
EU antitrust regulators quiz Daimler, others after failed Nokia talks
* Tech companies, automakers fighting over access to patents, fees * Standard essential patents key to internet-linked devices * Protecting Europe’s technological sovereignty vs other sectors By Foo Yun Chee BRUSSELS, March 31 (Reuters) – EU antitrust regulators are asking Daimler, Continental and other car parts suppliers for details of failed mediation talks with Nokia,… Continue reading EU antitrust regulators quiz Daimler, others after failed Nokia talks
Delphi Technologies’s stock tumbles after BorgWarner says draw on revolver is a breach of merger deal
Shares of Delphi Technologies PLC plummeted 22% in premarket trading Tuesday, after the company said the received notice from fellow auto parts maker BorgWarner Inc. that Delphi’s decision to draw on its credit facility represents a material breach of the buyout agreement. BorgWarner’s stock was still inactive ahead of the open. Delphi said it believed… Continue reading Delphi Technologies’s stock tumbles after BorgWarner says draw on revolver is a breach of merger deal
03/26/2020MAHLE and Triumph cooperate in the manufacture of face masks
MAHLE and Triumph cooperate in the manufacture of face masks
Stuttgart, March 26, 2020 – MAHLE and the underwear manufacturer Triumph Holding AG (Bad Zurzach – “Triumph”) are joining forces to manufacture face masks. MAHLE is providing a filter medium that is FFP3 rated and absorbs viruses. Production of the respiratory masks at Triumph is starting immediately. The masks, that can also be used in the medical sector, will be supplied to the authorities.
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Press release [PDF; 16 KB] MAHLE filter medium protects against virusesUltra-fast project completion and production launchProduction capacity slated at 1.5 million masks per month“At MAHLE we are currently exploring all means available to us to help in this emergency situation – with our technical know-how, test labs, clean rooms, and also our production facilities. Within a very short time, together with Triumph we have checked the feasibility of manufacturing face masks, produced prototypes, and set up the supply chain and the producton process. This is testament to the outstanding commitment of everyone involved whom I would like to thank most sincerely”, says Dr. Jörg Stratmann, Chairman of the Management Board and CEO of MAHLE.
At the same time, MAHLE is also examining the possibility of additionally producing hot-formed masks in-house as well employing 3D printers to manufacture components for face masks as well as other medical equipment.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Ruben Danisch
Corporate Communications/Public Relations
Pragstraße 26 – 46
70376 Stuttgart, Germany
Phone: +49 711 501-12199
Fax: +49 711 501-13700
ruben.danisch@mahle.com
@McLaren: A consortium of significant UK industrial, technology and engineering businesses from across the aerospace, automotive and medical sectors, has come together to produce medical ventilators for the UK.
A consortium of significant UK industrial, technology and engineering businesses from across the aerospace, automotive and medical sectors, has come together to produce medical ventilators for the UK. The VentilatorChallengeUK Consortium (“the consortium”) is led by Dick Elsy, CEO of High Value Manufacturing Catapult, a group of manufacturing research centres in the UK. Over the… Continue reading @McLaren: A consortium of significant UK industrial, technology and engineering businesses from across the aerospace, automotive and medical sectors, has come together to produce medical ventilators for the UK.
Lear Adds Production to Make Protective Face Masks; Face Shields in Development
SOUTHFIELD, Mich., March 30, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, has added capacity at its AccuMED production facility, which specializes in the manufacturing of medical products, to produce protective masks to combat the COVID-19 pandemic. Donations of masks were made recently to the Detroit Medical… Continue reading Lear Adds Production to Make Protective Face Masks; Face Shields in Development
Nexteer Reports 2019 Financial Results
AUBURN HILLS, Mich., March 29, 2020 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2019. The Company’s 2019 financial results were impacted by various environmental challenges including lower OEM light vehicle production across all regions, led by a decline in China, a GM-UAW labor strike in North America interrupting vehicle… Continue reading Nexteer Reports 2019 Financial Results
Coronavirus: a month off for the German automobile
The first German industry is at a standstill. One after the other, the major German car manufacturers have announced the closure of their assembly lines. A high social risk maneuver in a sector on which more than 840,000 jobs depend. Initially, 200,000 people are put on compulsory leave or invited to use their “time credit”.… Continue reading Coronavirus: a month off for the German automobile