Features integrated ECU with vehicle dynamics software. Automatically distributes torque on demand for excellent traction, handling, stability and fun-to-drive experience. Compact, lightweight design for high torque capacity and improved fuel economy. Auburn Hills, Michigan, June 25, 2018 – BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, enhances… Continue reading BorgWarner’s Latest AWD Coupling Delivers Dynamic Driving Experience for Lynk & Co 01
Tag: Tier 1 Suppliers
Daimler profit warning upsets car industry
D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 2.5 percent. The Daimler papers last cost just over 58 euros. Previously, they had marked with 57.65 euros the lowest level since the summer of 2016. Among the negative news about… Continue reading Daimler profit warning upsets car industry
Hyundai Motor Group and Audi Partner in Fuel Cell Technology
SEOUL, South Korea and INGOLSTADT, Germany, June 20, 2018 /PRNewswire/ — Hyundai Motor Group (the Group) and AUDI AG (Audi) announced they have entered into a multi-year patent cross-licensing agreement, covering a broad range of fuel cell electric vehicle (FCEV) components and technologies. Under the new partnership, the world’s fifth-largest auto-making group and the German premium… Continue reading Hyundai Motor Group and Audi Partner in Fuel Cell Technology
FAURECIA AMENDS AND EXTENDS ITS €1.2 BILLION LONG-TERM SYNDICATED CREDIT FACILITY
Faurecia signed on June 15 an Amend & Extend (A&E) agreement regarding its €1.2 billion Syndicated Credit Facility, initially signed in December 2014 and already amended in June 2016. This new agreement extends the maturity of the facility, which is undrawn as of today, from June 2021 to June 2023, with two optional one-year extensions.… Continue reading FAURECIA AMENDS AND EXTENDS ITS €1.2 BILLION LONG-TERM SYNDICATED CREDIT FACILITY
Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI
Varroc Group’s MD, Tarang Jain: “Turkey is going to be a key market. Its car industry is 1.7 million units strong.” Homegrown auto component major Varroc Engineering is set to take a couple of steps aimed at strengthening its lighting business and entering into a new space. The Aurangabad-headquartered company is set to acquire a… Continue reading Varroc set to acquire Turkish lighting equipment supplier, also partner Italian co for EFI
Breakthrough recognition for Veoneer’s LIV research platform
Tue, Jun 19, 2018 08:30 CET (Stockholm, Sweden, June 19, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, announced that Veoneer has received two awards by CLEPA, the European Association of Automotive Suppliers. On June 13, CLEPA, the European Association of Automotive Suppliers, organized for the third… Continue reading Breakthrough recognition for Veoneer’s LIV research platform
Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Forming two Joint Ventures with Beijing Electric Vehicle Co.Facility can support up to 180,000 annual vehicle capacityJV is capable of supporting the needs of additional customersSHANGHAI, China, June 18, 2018 (GLOBE NEWSWIRE) — Magna today announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) for complete vehicle manufacturing… Continue reading Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
One of the auto industry’s first 48-volt mild-hybrid transfer casesAchieves up to 10% CO2 savings compared to a two-wheel drive systemCan be easily integrated into existing drivetrainsSAILAUF, Germany, June 14, 2018 (GLOBE NEWSWIRE) — Magna is on the fast track to vehicle electrification. With its all-new industry-leading 48-volt transfer case and an array of other… Continue reading Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Reduces effort needed to open and close a car door by 40-60 percentAllows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratingsWill enter the market on future models with a European automakerAURORA, Ontario, May 23, 2018 (GLOBE NEWSWIRE) — For automakers, two key customer satisfaction considerations are the feel… Continue reading Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness
Groupe PSA: Joint press release from the Supervisory Board and from the Managing Board
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Jean-Baptiste de Chatillon, Member of the Managing Board and CFO of Groupe PSA (Paris:UG), has decided to leave the company for personal reasons. He will be replaced by Philippe de Rovira, currently CFO of Opel Vauxhall. Both decisions will be effective as of August 1st. “The Supervisory Board thanks Jean-Baptiste de Chatillon… Continue reading Groupe PSA: Joint press release from the Supervisory Board and from the Managing Board