Ansysco Anand Signs Technical Assistance Agreement With Seiken Chemical Industry

Ansysco Anand, a Group company of Anand Automotive, India and Seiken Chemical Industry Company Limited, Japan announced today that they have entered into a Technical Assistance Agreement (TAA) catering primarily to the Indian automotive sector. The signing ceremony was held at Anand Group Corporate Headquarters in New Delhi. The objective of this TAA is to […]

VW signs cooperation agreement SAIC for e-mobility research

• Production of plug-in hybrid and fully electric models planned in China • Expansion of Anting/Shanghai plant • Intensification of cooperation within the German-Chinese joint venture Shanghai Volkswagen (SVW) confirmed in the presence of Prof. Winterkorn, Chen Hong,  the Chairman of SAIC Motor Corporation, and Party Secretary Han Zheng. Today, Prof. Dr. Jochem Heizmann, Member of the […]

TRW signs Definitive agreement to divest its linkage, suspension business

TRW Automotive Holdings Corp. has announced that its subsidiary, TRW Automotive Inc., signed a definitive agreement to divest its Linkage and Suspension business for $400 million in cash, subject to working capital and other adjustments, to THK Co., Ltd. The planned divestiture, with annual sales of approximately $550 million, is expected to close by the end of TRW’s […]

Faurecia signs broad agreement with Dongfeng Motor Corporation

Faurecia, one of the world’s leading automotive equipment suppliers, and Dongfeng Hongtai, a majority-owned subsidiary of Dongfeng Motor Corporation, one of China’s largest automobile groups, have signed on March 27, 2015 a broad partnership agreement through the creation of a joint-venture. This joint venture will serve Dongfeng and its automotive partners for passenger and commercial […]