Tag: Tier 1 Suppliers

FAURECIA COMPLETES PURCHASE OF HUG ENGINEERING

Faurecia today announced that it had completed the acquisition of 100% of the Swiss company Hug Engineering, a market leader in complete exhaust gas purification systems for high horsepower engines (above 750hp).  These engines are used in applications including marine propulsion, power generation, rail, agricultural and other industries.  This acquisition represents a major step forward… Continue reading FAURECIA COMPLETES PURCHASE OF HUG ENGINEERING

Plastic Omnium is strengthening its position as world leader in front-end modules

On March 1st, 2018, Compagnie Plastic Omnium signed an agreement with the German group Mahle to acquire its 33.33% shareholding in the HBPO joint venture, up to then held by Plastic Omnium, Hella and Mahle-Behr.This acquisition was made at an Enterprise value of € 350 million and will be financed by the group’s own resources.After… Continue reading Plastic Omnium is strengthening its position as world leader in front-end modules

Withdrawal from joint venture: MAHLE plans to sell HBPO shares to Plastic Omnium

HBPO is specialized in the assembly, logistics, development, and design of front-end modules, consisting of bumpers, lighting systems, and cooling components. Assembly of front-end modules is not integral to MAHLE’s core business. MAHLE focuses on the development and production of cooling modules. The cooling modules installed in the front-end module are usually commissioned by the… Continue reading Withdrawal from joint venture: MAHLE plans to sell HBPO shares to Plastic Omnium

Excessive investment: Bosch does not build its own battery cells

Bosch will continue to build battery cells for electric cars in the future. (Image: Bosch) Bosch Despite the commitment in the electromobility decided against its own battery cell production. The company also wants to drive back or sell the research for better rechargeable battery cells. The automotive supplier Bosch does not want to build its… Continue reading Excessive investment: Bosch does not build its own battery cells

Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News : Groupe PSA (Paris:UG) :  Carlos Tavares, Chairman of Groupe PSA Managing Board said: « Peugeot Citroën DS outstanding results, making significant progress for the 4th year in a row, are the proof of our ability to deliver a profitable and sustainable growth. Our agile, customer focused and socially responsible approach is making… Continue reading Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level

28 Feb 2018 Driveline GKN Driveline begins testing revolutionary ‘All Twinster’ plug-in hybrid SUV

Re-engineered ‘technology demonstrator’ SUV features GKN’s unique Twinster torque vectoring on all four wheels Modified Mercedes-AMG GLA 45 has mechanical Twinster on front axle and eTwinsterX at the rear Demonstrator showcases the company’s leadership in eDrive, All-Wheel Drive and systems integration Plug-in hybrid has ‘sailing’ capability to lower CO2 emissions and also features a pure… Continue reading 28 Feb 2018
Driveline

GKN Driveline begins testing revolutionary ‘All Twinster’ plug-in hybrid SUV

Bosch’s electromobility strategy at a glance

Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, its 2017 sales came to 47.4 billion euros, or 61 percent of total group sales. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is accident-free, emissions-free, and stress-free,… Continue reading Bosch’s electromobility strategy at a glance

The go-to partner for electric driving: Bosch’s electromobility strategy

The go-to partner for electric driving: Bosch’s electromobility strategy Statement by Dr. Rolf Bulander,member of the board of management of Robert Bosch GmbH and chairman of the Mobility Solutions business sector,February 28, 2018 Check against delivery. Ladies and gentlemen, I would like to start by taking a look into the not-too-distant future, and the year… Continue reading The go-to partner for electric driving: Bosch’s electromobility strategy

FCA to review potential Magneti Marelli spinoff in second quarter

DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) said on Wednesday that in the second quarter the automaker would review the possible spinoff of its Magneti Marelli unit. Last month FCA Chief Executive Officer Sergio Marchionne said he had recommended to the company’s board that the automaker spin off the maker of components for… Continue reading FCA to review potential Magneti Marelli spinoff in second quarter