Tag: Tier 1 Suppliers

Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund

SOUTHFIELD, Mich., March 11, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has invested in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology. The investment, which is being made through Lear Innovation Ventures (LIV), enables future collaboration… Continue reading Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund

Tenneco Reports Fourth Quarter and Full-Year 2018 Results

LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco (NYSE: TEN) reported a fourth quarter net loss of $109 million, or $(1.35) per diluted share. Fourth quarter 2017 net income▲ was $62 million, or $1.19 per diluted share. Adjusted net income was $105 million, or $1.30 per diluted share, versus $91 million or $1.75 per diluted share last year.▲ Fourth… Continue reading Tenneco Reports Fourth Quarter and Full-Year 2018 Results

New Metal Water Pump Housing

Tough, durable solution for the automotive aftermarket Launched in CT 1143WP 2 and CT 1143WP 3 timing belt kits + water pump Hanover, March 2019. Technology company Continental has unveiled an especially tough, durable aftermarket component for vehicle engines: a new metal water pump housing. These covers are usually made of plastic, mostly polyethylene or… Continue reading New Metal Water Pump Housing

New Management Structure at Continental

Transformation and continuity on road to reorganization due to start in 2020 Executive Board member Nikolai Setzer to switch to new role of spokesman for the Automotive Board as of April 1, 2019 / Appointment extended to end of March 2024 ahead of time New Executive Board member Christian Kötz to take charge of the… Continue reading New Management Structure at Continental

Hyundai Mobis Accelerates Global Open Collaboration with Strategic Investment

SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) is accelerating for a full-scale collaboration with promising high-tech companies to become a global technology leader by reinforcing its competence in core technologies for future automotive vehicles. Hyundai Mobis announced on March 13 to push ahead equity investment to build a strategic partnership with China’s Deep Glint, which has… Continue reading Hyundai Mobis Accelerates Global Open Collaboration with Strategic Investment

Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe

Volkswagen Group CEO Herbert Diess said a no-deal Brexit might mean the automaker’s UK-based Bentley brand would need to plan new investments in other countries. Asked in an interview with German broadcaster n-tv whether VW would relocate Bentley production if there was a hard Brexit, Diess said that would not be possible on a larger… Continue reading Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe

ZF Establishes Its Own Technology Center for Artificial Intelligence and Cybersecurity

“With the new Technology Center for Artificial Intelligence and Cybersecurity, we are taking our Group-wide expertise in these key digital technologies to a new level. We are also in direct proximity to the most respected practical research institutions in these disciplines and can thus intensify our cooperation,” explained Wolf-Henning Scheider. “We will hire some 100… Continue reading ZF Establishes Its Own Technology Center for Artificial Intelligence and Cybersecurity

Continental’s Entrepreneurship Incubator Produces First Spin-Off Company

co-pace gives entrepreneurs the freedom and resources to grow; accelerates Continental’s agility and innovation Participant in first co-pace cohort launches a new company, PassiveBolt, in Ann Arbor, Michigan Support of creativity and entrepreneurship cements Continental as an employer of choice Auburn Hills, Mich., March 12, 2019 – After launching co-pace in 2017, the startup organization… Continue reading Continental’s Entrepreneurship Incubator Produces First Spin-Off Company