Tag: Tier 1 Suppliers

Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support

MAUMEE, Ohio, March 28, 2018 /PRNewswire/ — James Kamsickas, president and chief executive officer of Dana Incorporated (NYSE: DAN), today commented on the benefits a Dana-GKN Driveline combination offers: Superior Value “The Dana and GKN Driveline combination clearly offers superior value to GKN shareholders.  It establishes the largest global supplier of vehicle drive systems, and… Continue reading Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support

Refreshed 2019 Kia Optima Debuts At New York International Auto Show

NEW YORK, March 28, 2018 /PRNewswire/ — The refreshed 2019 Kia Optima debuted at the New York International Auto Show today.  Kia’s best-selling midsize sedan was unveiled with new design cues inside and out, expanded ADAS technology, a new UVO infotainment strategy and available European-inspired red and black two-tone sport leather-trimmed seats.  Additional available enhancements… Continue reading Refreshed 2019 Kia Optima Debuts At New York International Auto Show

BMW and Daimler create the world’s number one car-sharing

To stay in the running against American Uber and Lyft or Chinese Didi, Daimler and BMW join forces. The two German manufacturers, who usually fight for the first place in the podium on the high-end segment, Wednesday announced the signing of an agreement to merge their mobility services Car2go and DriveNow. The operation, which has… Continue reading BMW and Daimler create the world’s number one car-sharing

Groupe PSA 2017 Registration Document

RUEIL MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) announces the publication of its 2017 Registration Document. The latter has been filed with the French Autorité des Marchés Financiers (AMF) and registered under D.18-0196, on March 28, 2018. The 2017 Registration Document is available on the Group’s web site www.groupe-psa.com/en, in its “Regulated Information” section. This… Continue reading Groupe PSA 2017 Registration Document

First Customer Win for Federal-Mogul Powertrain’s New Product Group Controlled Power Technologies

First Customer Win for Federal-Mogul Powertrain’s New Product Group Controlled Power Technologies SOUTHFIELD, Mich., March 28, 2018 /PRNewswire/ — Federal-Mogul Powertrain today announced the first commercial customer contract for its new product group Controlled Power Technologies (CPT). The long-term contract, worth around $100m, covers the development and series production of advanced starter-generator systems for an… Continue reading First Customer Win for Federal-Mogul Powertrain’s New Product Group Controlled Power Technologies

Faurecia signs the biggest contract in its history

In an armchair. Faurecia is “proud” to announce on Wednesday the signing of the largest contract in its history. The PSA-controlled automotive supplier sold six million car seats at once to German BMW. In the coming years, the French group will manufacture, assemble and deliver just-in-time complete seats or seating structures that will integrate into… Continue reading Faurecia signs the biggest contract in its history

(2nd LD) Hyundai Motor to streamline governance structure

(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (2nd LD) Hyundai Motor to streamline governance structure

(LEAD) Hyundai Motor to streamline governance structure

(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (LEAD) Hyundai Motor to streamline governance structure

Hyundai Motor to streamline governance structure

SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure by spinning off and merging two major affiliates. The auto group plans to spin off auto parts maker Hyundai Mobis Co.’s core module business unit and then merge it with logistics firm Hyundai… Continue reading Hyundai Motor to streamline governance structure