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
Daimler Trucks North America (DTNA) held its biennial aftermarket conference ‘Evolution’ recently, with a focus on the company evolving to meet customer needs. The event is the only conference of its kind that includes all ...
Tags: Daimler Trucks, Customer Needs
On November 18, JAC Shuailing launched the brand new National V double row seat light truck on Guangzhou Auto show. At the same time, JAC also united worldwide outstanding parts suppliers to set up the Shuailing International Quality ...
Tags: JAC Shuailing, Light Truck, truck
Toyota Motor Corporation announces the expansion of R&D facilities at Toyota Motor Engineering & Manufacturing (China) Co., Ltd., (TMEC). This is in accordance with the initial investment plan, which had been created at the time of the ...
Tags: Toyota, Facilities
Tetra Pak has introduced a dry lubrication kit designed for packaging line conveyor belts and distribution equipment. Designed to save time, reduce costs and improve occupational health and safety, the new solution can help customers cut ...
Tags: Tetra Pak, Packaging, Conveyor Belts
Confectionary giant Mondelez's Malaysian subsidiary has announced to invest MYR21m ($4.7m) to expand production of the belVita line of breakfast biscuits at it manufacturing plant in Johor state. The expansion is to boost its supply of ...
Samsung recently announced its plans to acquire connected car tech firm Harman, in a deal worth $8 billion – the company's largest ever acquisition. The move prompted many to speculate that Samsung could use Harman audio technology ...
Tags: Samsung, smartphone
Japanese car-maker Nissan said that it will end the production of Tsuru in Mexico in May 2017. The popular Tsuru, with more than 2.4 million sales to date, has provided accessible, economical and dependable mobility for drivers across ...
FCA US will be investing $10.4m in a new Mopar parts distribution center located at Romulus, Michigan, US. The new facility will encompass 500,000 square feet and more than 100 workers. Preliminary construction work has already begun on ...
Tags: FCA US, Mopar parts
Husky Injection Molding Systems, a industrial technology provider to the plastics processing community, will return to exhibit at Gulfood Manufacturing event scheduled to be held from 7-9 November in Dubai. Husky’s booth (E46, Hall ...
Tags: Husky, injection Molding
Toyota has broken ground on Toyota Motor Manufacturing de Guanajuato (TMMGT), its fifteenth manufacturing facility in North America. TMMGT will produce Corolla, the top selling car in the world, beginning in 2019, and will employ ...
Tags: Toyota, Manufacturing Plant
Samsung Electronics has agreed to acquire US auto parts manufacturer Harman International Industries for about $8bn, in a bid to accelerate growth in automotive and connected technologies. The deal will give Samsung a significant presence ...
Tags: Samsung, Auto Parts
Engel Austria is set to exhibit new production concepts for the manufacture of composite parts at Composites Europe 2016. The event will take place from 29 November to 1 December in Düsseldorf, Germany. The machine manufacturer ...
Tags: Engel, production concepts
OnePlus 3T vs iPhone 7: We take a look at OnePlus' upgraded flagship, the OnePlus 3T, to see how it compares to the smartphone giant that is the iPhone 7. OnePlus has gone and upgraded it's main smartphone with a load of new hardware and ...
Tags: iPhone 7, OnePlus 3T
Polaris Industries has completed the acquisition of TransAmerican Auto Parts (TAP), a manufacturer, distributor and retailer of off-road jeep and truck after market accessories for $665m. Polaris expects the TAP acquisition to contribute ...
Tags: Polaris, Auto Parts