Automotive parts supplier Magna International formed a joint venture (JV) in China to make composite liftgates for a global automaker’s crossover vehicle commencing in late 2018. The JV with Guangzhou Automobile Group (GAC) ...
Tags: Magna, Chinese Automaker
German automotive parts supplier Continental has agreed to acquire Israeli start-up Argus Cyber Security for an undisclosed amount. Post the acquisition, Argus Cyber Security will be part of Continental’s subsidiary Elektrobit (EB). ...
Tags: automotive parts
UK-based auto-spare parts supplier Delphi Automotive has agreed to acquire self-driving car startup nuTonomy for $450m. The deal includes an upfront price of $400m and an earn-out of $50m. nuTonomy was founded in 2013 by Karl Iagnemma ...
Nissan Motor has agreed to divest its 41% stake in Japanese auto parts firm Calsonic Kansei to private equity firm KKR for JPY498.3bn ($4.5bn). This deal is being regarded as one of the largest deals in Japan, particularly in the ...
Tags: Nissan Motor, KKR
Fourteen months after General Motors started recalling more than 2 million small cars with faulty ignition switches worldwide, the company says it has repaired about 70 percent of the vehicles that are still on the road. The figures, ...
Tags: GM, Ignition Switches, Manufacturing
The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday. However, inadequate battery technologies ...
Tags: Electric Cars, Battery Production
Leshi Internet Information & Technology founder Jia Yueting is planning to apply for a license to manufacture and sell electric vehicles (EV) in China. Leshi Internet makes web-enabled televisions and has already made an electric car, ...
Tags: Leshi, Electric Cars
Hagens Berman, a national class-action law firm, has filed a second class-action suit against Japanese parts supplier Takata Corporation and automaker Honda Motor Co., stating that Takata embarked on a concealment campaign, designed to ...
Tags: airbag systems, cheap airbags, Auto
Whenever Nasser Edeeb visits Switzerland, which the 44-year-old businessman from Libya does with some frequency, there are two products he likes to pick up. The first are Swatch watches (for family, friends, himself), the second iPhones (if ...
Tags: Luxury Watch, Watch
Auto components and parts supplier BorgWarner plans to expand production capacity at its plant in Dixon, Illinois with an investment of $9.4m over the next three years. The project will create 40 new jobs, and will enable the company to ...
Tags: BorgWarner, Auto Parts, Accessories
Law360, New York July 22, 2014, 7:26 PM ET — Panasonic Corp. and a slew of other companies were hit with yet another class action in California federal court on Tuesday accusing them of conspiring to fix prices on a key component of ...
Tags: Panasonic, Samsung, Electrical, Electronics
UK car parts supplier Unipart Automotive has entered into administration with the loss of 1,244 jobs. KPMG's Mark Orton, Will Wright and Jonny Marston have been appointed as joint administrators. The administrators have sold part of ...
American automotive parts supplier Johnson Controls has expanded its presence in China with the opening of a new automotive battery manufacturing plant in Chongqing City with an investment of $154m. The new plant is claimed to have a ...
Automotive parts supplier Commercial Vehicle Group is reportedly planning to close its Tigard plant in Oregon, US and eliminate about 89 jobs. The facility is scheduled to be closed by 9 July 2014. It was used to manufacture interior trim ...
American automotive parts supplier Johnson Controls has secured a new long-term automotive battery supply contract from the Chinese automotive manufacturer SAIC Motor. The deal is part of Johnson Controls' plan to expand rapidly in China, ...