Visteon Completes Sale of Ownership Interest in Halla Visteon Climate Control Corp. to Hahn & Co. and Hankook Tire

Visteon Corporation has completed the sale of its approximately 70 percent ownership interest in Halla Visteon Climate Control Corp. (HVCC) to an affiliate of Hahn & Company, and Hankook Tire Co. Ltd., for approximately $3.6 billion or 52,000 KRW/share. Visteon also announced it will commence a shareholder capital return program in the second quarter of […]

ACMA goes to Cairo for a bigger catch

After participating in the Automechanika Dubai 2015 last week, represented by over 50 member delegation, the Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component industry, has set its sail to Egypt seeking business opportunities. The delegation to Cairo’s Buyers – Sellers meet was led by the President of ACMA, […]

Mahindra Announces Urban Agriculture Grant Program In Detroit

Mahindra USA, the world’s number-one selling tractor brand based on volume, and the Troy, Michigan-based Mahindra North American Technical Center have joined forces to support the thriving urban agriculture movement in Detroit, Michigan. Expanding on its Urban Ag Scholarship Initiative, the Mahindra Urban Agriculture Grant Program made financial gifts totaling $100,000 to five non-profit organizations […]

Fenner donates toilets for girl students

Today, the 5 June – the World Environment Day, K Fenner (India) Ltd – the flagship company of JK Organization dedicated toilets constructed for the girl students in Kannanthangal Government Primary School, Maduramangalam Government Primary School and Kandhur Government Primary School in Sriperumbudur, near Chennai. The toilet facilities were formally dedicated to the schools by Nagaraju […]

GKN Driveline expands production capacity in Turkey with €4.5 million plant expansion

The world’s leading driveline technology supplier, has expanded production capacity at its Eskişehir plant in Turkey to meet growing demand from automakers located in the country. A new manufacturing facility at the GKN Driveline Eskişehir plant will more than double the plant’s total size to 6,300 square meters, increasing driveshaft  production capacity to 1.8 million […]

Scania to test electrically powered trucks in real-life conditions

In February 2016, Scania will start testing electric trucks on the electric road which will become a reality as the Swedish Transport Administration has now approved support for the Gävle Electric Road project. The project will demonstrate and evaluate conductive technology, which involves electrical transmission through overhead lines above vehicles equipped with a pantograph power […]