Tag: Tier 1 Suppliers

DENSO to Increase Its shareholding in Renesas Electronics Corporation

KARIYA (Japan) ― DENSO Corporation today announced that it has decided to increase its shareholding in Renesas Electronics Corporation to accelerate the development of various in-vehicle systems including automated driving systems that are becoming more advanced, complicated, and larger in scale than ever before. Renesas has cutting-edge technologies for semiconductors that serve as the key devices… Continue reading DENSO to Increase Its shareholding in Renesas Electronics Corporation

News Release – Magna Launches New Composites Center of Excellence in Germany

Please click HERE for a PDF version of the release. Brings advanced composites and carbon fiber expertise to European market Develops lightweight structural and exterior components Enables joint development projects with European automakers SAILAUF, Germany, March 07, 2018 — Magna’s new Composites Center of Excellence in Esslingen, Germany, aims to help European automakers meet increasingly… Continue reading News Release – Magna Launches New Composites Center of Excellence in Germany

Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems

Continental AG (CON.XE), a German automotive supplier, said it plans to set up a joint venture with Chinese auto parts maker Sichuan Chengfei Integration Technology Co. to develop and manufacture 48-volt battery systems for cars. Continental AG will hold a 60% interest in the joint venture and the rest will be held by CITC, a… Continue reading Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems

Grand Opening: BorgWarner Inaugurates Latest Turbocharger Production Facility in Thailand

New state-of-the-art manufacturing facility for turbochargers in Rayong Meets increasing demand for turbocharging technologies in the growing Southeast Asian market 69,965-square-foot facility featuring clean-room environment is designed according to lean production principles Auburn Hills, Michigan, March 8, 2018 – With a traditional ceremony, BorgWarner celebrated the inauguration of its newest production plant in the Eastern… Continue reading Grand Opening: BorgWarner Inaugurates Latest Turbocharger Production Facility in Thailand

Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely

STOCKHOLM, March 8, 2018 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has together with its software joint venture Zenuity, been selected to develop and produce the first Level 3 advanced driver assistance systems for Geely. Autoliv was selected as supplier for Geely’s Level 3 project, which… Continue reading Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely

Strong Growth and Excellent Financial Position

Targets surpassed – Continental enjoyed strong growth and profitability in fiscal 2017 Sales were up 8.5 percent at €44 billion with an adjusted EBIT margin of 10.9 percent Net income increased to €3 billion and earnings up to €14.92 per share Executive Board to propose a dividend increase of 25 cents to €4.50 per share… Continue reading Strong Growth and Excellent Financial Position

BRIEF-Fiat CEO does not rule out industrial partner for Magneti Marelli

March 7 (Reuters) – Fiat Chrysler Automobiles (FCA) Chief Executive Sergio Marchionne says: * NOT PLANNING TO SELL MAGNETI MARELLI * TO DISTRIBUTE TO ITS SHAREHOLDERS MAGNETI MARELLI SHARES, BOURSE LISTING WILL BE AUTOMATIC * DOES NOT RULE OUT INDUSTRIAL PARTNER FOR MAGNETI MARELLI * FOLLOWING ACEA MEETING, GERMAN PRODUCERS COMMITTED TO KEEPING DIESEL AS… Continue reading BRIEF-Fiat CEO does not rule out industrial partner for Magneti Marelli

Continental and CITC Establish Joint Venture for Production of 48-Volt Battery Systems

New joint venture expected to begin operations in mid-2018 and operate worldwide from China Continental to hold 60 percent of the shares, 40 percent with Chinese automotive supplier CITC, whose subsidiary CALB develops and produces battery cells CEO Dr. Degenhart: “In the fast-growing 48-volt mild hybrid market, Continental will soon be able to offer a… Continue reading Continental and CITC Establish Joint Venture for Production of 48-Volt Battery Systems