SEOUL, April 12 (Yonhap) — Hyundai Mobis Co. said Thursday it has built a design research center to strengthen its overall competitiveness and help it make car parts that best fit its vehicles. The design center of the company, which is an affiliate of Hyundai Motor Group, is the first of its kind set up… Continue reading Hyundai Mobis launches design center to enhance competitiveness of auto parts
Tag: Tier 1 Suppliers
Tenneco plans to buy Southfield-based Federal-Mogul
Tenneco has purchased Southfield-based auto parts company Federal-Mogul from Carl C. Icahn’s Icahn Enterprises. (Photo: Mark Lennihan / AP) Tenneco Inc. plans to purchase Southfield-based auto parts company Federal-Mogul LLC for $5.4 billion. Pending regulatory approval, the merged company would split into two separate companies by the end of 2019. Officials said Tuesday it was… Continue reading Tenneco plans to buy Southfield-based Federal-Mogul
ZF Invests in Expanding its Electromobility Production Capacity
“The demand for our electric motors and all-electric drives develops dynamically,” said Michael Hankel, member of the Management Board of ZF Friedrichshafen AG and responsible for Production and Electromobility. “Since vehicles with hybrid and all-electric drives are set to become more established in the future, we are adapting our worldwide production network to cope with… Continue reading ZF Invests in Expanding its Electromobility Production Capacity
Icahn to sell Federal-Mogul to Tenneco for $5.4 billion
(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal, unloading an investment he has held for nearly two decades and picking up a new stake in Tenneco. Tenneco plans to separate into two independent, publicly traded companies – one… Continue reading Icahn to sell Federal-Mogul to Tenneco for $5.4 billion
Following Tragic Accident, a Personal Connection to Building Autonomous Cars
Patti Robb, chief strategist at Intel’s Silicon Valley Innovation Center and Autonomous Vehicle Labs, stands beside a car that is outfitted for autonomous driving in Intel’s Santa Clara, California, lab. (Photo Credit: Walden Kirsch/Intel Corporation) How she’d describe her work to a 10-year-old: “I am the leader of the garages where Intel and its partners… Continue reading Following Tragic Accident, a Personal Connection to Building Autonomous Cars
Bosch Disbands Internal Battery Cell Research, Will Sell Solid-State Startup Seeo
But this is not the way to go for Bosch. Seeo is to be sold, while the Lithium Energy and Power GmbH & Co. KG (LEAP) joint venture dissolved. Bosch’s reasoning is too high economic risks as initial investment alone would be some 20 billion euros to build a 200 GWh production facility for some… Continue reading Bosch Disbands Internal Battery Cell Research, Will Sell Solid-State Startup Seeo
Visteon’s SmartCore™ Cockpit Domain Controller Wins Automotive News PACE Award
Visteon’s SmartCore™ Cockpit Domain Controller Wins Automotive News PACE Award VAN BUREN TOWNSHIP, Mich., April 10, 2018 — Visteon Corporation (Nasdaq: VC), a leading cockpit electronics technology supplier, has been awarded an Automotive News PACE Award for its industry-first cockpit domain controller platform, SmartCore™. The PACE Awards, announced April 9 in Detroit, honor innovation, technological… Continue reading Visteon’s SmartCore™ Cockpit Domain Controller Wins Automotive News PACE Award
NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO
FRANKFURT, April 10 (Reuters) – Loved by investors and prepared to take on trade unions, Volkswagen brand boss Herbert Diess is likely to finally get his chance to lead Germany’s biggest carmaker which is expected to change faster under his cost-cutting style. Diess is known for squeezing more savings out of suppliers than fellow managers… Continue reading NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO
UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln
(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal that will also give him a stake in the company. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York… Continue reading UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln
Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln
(Reuters) – Auto parts maker Tenneco Inc (TEN.N) said on Tuesday it would buy Federal-Mogul, a maker of powertrain components, from Icahn Enterprises LP (IEP.O) for $5.4 billion. Tenneco also said it would separate its combined businesses into two independent, publicly traded companies. Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty Go to… Continue reading Auto parts maker Tenneco to buy Federal-Mogul for $5.4 bln