Suppliers articles

Magna to sell Interiors division to Grupo Antolin

Magna to sell Interiors division to Grupo Antolin

Magna International Inc. has announced that it has signed an agreement to sell substantially all of its interiors operations to Grupo Antolin, a leading global supplier of automotive interior systems.  The purchase price for the operations, excluding certain assets, is approximately $525 million, subject to customary closing adjustments for the value of net working capital and net

AutoPoint Wins 2015 Technology Leadership Award

AutoPoint, a Solera company and leading provider of revenue and retention solutions for automotive dealership service departments, announced that it has received the  2015 Technology Leadership Award for Service Marketing. A twelve member DealerKnows’ Vendor Review Panel selected a total of nine award recipients across various categories.  AutoPoint was recognized in the category of Service

DENSO Expands R&D in North America

In an effort to help grow DENSO’s global heavy duty business, the company is expanding its North American research and development capabilities to include heavy duty and commercial vehicles. DENSO established a cross-functional team of market research, product engineering, and researchers that will focus on bringing-to-market products that improve fuel efficiency, expand connectivity and safety,

ContiTech Maintains Growth

The industrial and automotive supplier ContiTech, part of the Continental Corporation, increased its sales by around €50 million to €3.9 billion in 2014. This equates to growth of 1.3%. The operating result (EBIT) reached €433 million (previous year: €462 million), the return on sales 11.0% (previous year: 11.9%). “We are thoroughly satisfied with this result

Johnson Controls signs JV with SAIC’s Yanfeng Automotive Trim Systems

Johnson Controls, a global multi-industrial company, and Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of Shanghai Automotive Industry Corporation (SAIC), has announced the signing of the agreement for a global automotive interiors joint venture. The new joint venture will be called Yanfeng

SKF supplies Wheel-Hub Bearing to Koenigseggs’ New Regera

SKF is supplying Koenigseggs with front and rear wheel hub bearing units equipping their new car model Regera, launched at the Geneva Autoshow early March. Jean-Sylvain Migliore, Manager Racing, Automotive Market says, “Our development of components to fit the needs of motorsport and performance cars is really pushing SKF to the extremes. Designing the bearings

Toyota honours Bridgestone with Regional Supplier Overall Outstanding Performance Award

Bridgestone Asia Pacific Pte. Ltd. (BSCAP), represented by Mr Shinichi Hanashi, Chief Executive Officer of BSCAP, attended the Toyota Motors Asia Pacific Engineering and Manufacturing Annual Supplier Conference on 24 March 2015. Held at the Berkeley Hotel Pratunam in Bangkok, Thailand, the Conference was attended by top management from Toyota’s suppliers in the Asia Pacific

Hankook supplies ultra high-performance SUV tyres to Porsche Macan

Tyre maker Hankook is continuing its offensive in the premium segment of German automobile manufacturers and is now supplying ultra-high-performance (UHP) tyres as original equipment for the new Porsche Macan. This is the first time a model from the Stuttgart-based sports car manufacturer is being factory fitted with Hankook’s UHP- tyres. The pattern being used

Federal-Mogul Motorparts appoints Anthony (Tony) Papa, Sr VP -Global HR

Daniel Ninivaggi, Chief Executive Officer, Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corporation (NASDAQ: FDML), announces the appointment of Anthony (Tony) Papa to the position of Senior Vice President, Global Human Resources (HR) for Federal-Mogul Motorparts, effective immediately. “Tony has significant global human resources experience in the automotive sector, as well as in talent management and

Dana Showcases Fuel-cell Components at Hannover Messe

Dana Holding Corporation announced today it will showcase its innovative metallic bipolar plate technology, among other fuel-cell components, at Hannover Messe 2015, April 13-17. The company also will provide a detailed overview of its fuel-cell work as a participant in the Auto-Stack CORE network, an important initiative to establish an industrial core for a fuel-cell industry