General Motors (GM) has been accused of using a device in its diesel-powered vehicles in order to cheat on emissions tests, similar to Volkswagen scandal. A group of more than 700,000 owners and lessees of GM’s Chevrolet Silverado ...
Tags: General Motors, Diesel Emissions
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
Detroit-based auto-parts maker American Axle & Manufacturing (AAM) has agreed to acquire Metaldyne Performance Group (MPG) in a transaction worth about $3.3bn. MPG provides lightweight components for use in powertrain and suspension ...
Tags: American Axle, Metaldyne
Icahn Enterprises has announced its plans to acquire automotive service provider Pep Boys-Manny Moe & Jack for $1bn. The deal was announced after Japanese tire maker Bridgestone quit the race to acquire the company by announcing that ...
Tags: Pep Boys, automotive service
US based auto parts maker LKQ has entered into an agreement to acquire Rhiag-Inter Auto Parts for €1.04bn to expand its presence in European market. Rhiag-Inter Auto Parts is pan-European business-to-business distributor of ...
Tags: LKQ, Rhiag-Inter Auto Parts, Auto
Automobile major Fiat Chrysler Automobiles (FCA) is on the verge of taking a final call on whether to divest its auto parts wing Magneti Marelli in the face of potential buyers expressing interest. Two private equity funds based out of ...
Tags: automobile manufacture, auto parts, FCA
German auto-parts maker Bosch's Korean subsidiary Bosch Korea is planning to invest KRW62bn ($60.6m) to expand its domestic operations. The amount will be reportedly invested in the company's Daejeon plant for manufacturing direct diesel ...
Tags: auto-parts, Bosch
German auto-parts maker Bosch Engineering has opened a second automotive technology manufacturing plant in Cluj, Romania with investment of more than €70m. The auto-parts maker's new facility will produce electronic components and ...
Tags: Bosch, automotive technology
German auto-parts maker Bosch Engineering is set to unveil its fuel cell control unit (FCCU) for zero-emission vehicles at the 2014MobiliTec specialist trade show in Hannover, Germany. The FCCU, which is developed for zero-emission ...
Tags: Bosch Engineering, Zero-Emission Vehicles, FCCU Technology
American auto-parts manufacturer BorgWarner is manufacturing two-speed, parttime four-wheel drive transfer case for Toyota Motor’s 2014 Toyota Tundra pickup truck in the US. The auto-parts maker is currently manufacturing the ...
Tags: BorgWarner, Transfer Case Systems
A manufacturer of seats and interiors for commercial trucks is moving its U.S. headquarters and opening a new factory that is expected to create hundreds of jobs, the Associated Press reported. German auto parts maker Grammer AG said it ...
Tags: Truck Seat, governments support
American automotive aftermarket retailer Advance Auto Parts (AAP) is set to purchase a US-based auto parts maker General Parts International for $2.04bn in cash. This deal will create the largest automotive replacement parts provider in ...
Tags: Auto Parts, General Parts
The remaining former assets of bankrupt auto parts giant Fenco are up for bid following the successful large-lot sale of the majority of the assets. Tiger Group's Remarketing Services Division is liquidating the bankrupt companies' ...
Tags: Fenco, brake calipers
Japanese auto-parts maker Akebono Brake is planning to invest JPY10bn ($100.6m) by 2014 to expand its operations in North America. About JPY7bn ($70.4m) of the total investment will be spent in 2013, followed by JPY3bn ($30.2m) next year. ...
Tags: Auto-Parts, Akebono Brake
French car maker PSA Peugeot-Citroen and German auto-parts maker Bosch are premiering a joint research project called Optimal Energy Consumption and Recovery solution (OpEneR), for electric vehicles (EVs), at the ongoing International ...
Tags: Peugeot-Citroen, Bosch, Optimal Energy Consumption and Recovery solution