SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its domestic… Continue reading Hyundai Mobis outlines growth plans in line with group’s streamlining
Tag: Tier 1 Suppliers
LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP
EUR 1.1 Billion Deal Largest in LG’s 60 Year History SEOUL, Apr. 26, 2018 ― Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms… Continue reading LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP
New Bosch diesel tech to ‘fix’ NOx problem
Industry by Sam Sheehan, Autocar UK Apr 26, 2018 Bosch has revealed details of new technology that it claims can drastically reduce nitrogen oxide levels in diesel cars, essentially fixing the problem that has caused their recent downturn. Diesel sales have tumbled in recent months as regulators aim to lower output of NOx, which is associated… Continue reading New Bosch diesel tech to ‘fix’ NOx problem
Growth, earnings, environmental protection: in its quest to make mobility as emissions-free as possible Bosch has achieved a breakthrough
Presentation by Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH and Prof. Stefan Asenkerschbaumer, deputy chairman of the board of management, at the annual press conference on April 25, 2018 Ladies and gentlemen,we deliberately chose not to begin this annual press conference with the traditional presentation of our financial position.… Continue reading Growth, earnings, environmental protection: in its quest to make mobility as emissions-free as possible Bosch has achieved a breakthrough
Auto parts supplier: New Mahle CEO Stratmann wants to build the Group sustainable and powerful
Jörg Stratmann The manager has been working for Mahle for ten years. (Photo: MAHLE) If you’re out of luck, bad luck comes along too, mumbles a press worker on this sunny morning in the Mahle headquarters in Stuttgart. The annual press conference of the automotive supplier will start there. But at the same time important… Continue reading Auto parts supplier: New Mahle CEO Stratmann wants to build the Group sustainable and powerful
Organic growth strengthens transformation of the MAHLE Group
Strong organic growth of 6.4 percent Sales rise to EUR 12.8 billion Increase in earning power Ongoing consistent focus on dual strategy Fresh culture of innovation for the mobility of tomorrow Steady growth for MAHLE MAHLE again achieved a record high and consolidated its market position among the world’s 20 largest automotive suppliers. It is… Continue reading Organic growth strengthens transformation of the MAHLE Group
Bosch defends tooth and nail diesel
Do everything, even play the hawkers, to save the Diesel soldier. Bosch says it has found a quick fix for drastically reducing nitrogen oxide emissions from diesel engines – a fuel that theoretically emits 15 to 20 percent less CO2 than gasoline. Engineers of the German equipment manufacturer, a major player in diesel, have found… Continue reading Bosch defends tooth and nail diesel
Activist Elliott demands Hyundai Motor encourage cumulative voting
SEOUL, April 25 (Yonhap) — U.S. activist fund Elliott Management has demanded Hyundai Motor Co. and its two affiliates remove a clause that makes it possible for the three firms to avoid a cumulative voting system to pick board members, an industry source said Wednesday. Elliott Management, which revealed earlier this month that it holds… Continue reading Activist Elliott demands Hyundai Motor encourage cumulative voting
Bosch expects to invoice up to 3% more in 2018, exceeding 80,400 million
Posted 04/25/2018 13: 36: 38CET The company confirms the results advanced in January, with a turnover of 78,100 million in 2017 MADRID, Apr. 25 (EUROPA PRESS) – The Bosch Group expects its turnover to grow between 2% and 3% in 2018, exceeding 80,400 million euros, after achieving record results in 2017 and despite economic and… Continue reading Bosch expects to invoice up to 3% more in 2018, exceeding 80,400 million
Diesel death prevented ?: Bosch technology pushes emissions far below limits
All articles and backgrounds 04/25/2018 Diesel death prevented? Bosch technology pushes emissions far below limits AP New Bosch technology: Nitrogen oxide emissions are set to drop to 120 milligrams by 2020 – according to Bosch, Bosch is now producing 13 milligrams The world’s largest automotive supplier Bosch does not want to give up the diesel… Continue reading Diesel death prevented ?: Bosch technology pushes emissions far below limits