Lear Announces Aggressive Cost Reduction Actions Targeting $150 Million in Operating Improvements
Oct 15, 2008
SOUTHFIELD, Mich., Oct. 15 -- Lear Corporation , a leading global supplier of automotive seating systems, electrical distribution systems and electronics products, today announced aggressive cost reduction actions targeting an additional $150 million of improvement in operating performance over the next twelve months. ... Continue reading
Volvo Technology Transfer AB Investment Sparks Global Expansion Program at Coherix
Oct 15, 2008
ANN ARBOR, Mich.--Volvo Technology Transfer AB of Göteborg, Sweden, has finalized an investment in Coherix, Inc. (an Ann Arbor-based company) to accelerate the launch of Coherixâs European operations. Coherix develops high-tech systems to improve engine-manufacturing quality. The investment is part of a compreh ... Continue reading
New GKN Driveline Factory Begins Production in Shanghai
Oct 15, 2008
SHANGHAI--GKN Driveline Torque Technology has started volume production of transmission differentials for major domestic and overseas vehicle manufacturers at its new wholly-owned facility in Pudong, Shanghai, China. "This is an important milestone for our expanding presence in China,â said Graeme Walford, managin ... Continue reading
China to hear evidence in Geneva over auto parts
Oct 15, 2008
China to hear evidence in Geneva over auto parts http://www.gasgoo.com/auto-news/1008036/China-to-hear-evidence-in-Genev a-ove r-auto-parts.html Shanghai, October 15 (Gasgoo.com) Representatives from China's Ministry of Commerce will arrive at WTO headquarters in Geneva to hear the evidence and wait for the final rulin ... Continue reading
Johnson Controls-Saft Announces Second Lithium-Ion Hybrid Battery Production Contract
Oct 15, 2008
MILWAUKEE, Oct. 14 -- Johnson Controls-Saft will be providing lithium-ion batteries for BMW's 7 Series ActiveHybrid car, currently being showcased at the Paris motor show. Lithium-ion batteries are 30 percent smaller and 50 percent lighter than NiMH batteries used in hybrid electric vehicles (HEVs) on the road today. ( ... Continue reading
Bridgestone Americas to Rename Company Operations
Oct 14, 2008
FOR IMMEDIATE RELEASE Contact: Media Center (877) 201-2373 Bridgestone Americas to Rename Company Operations NASHVILLE, Tenn. (Oct. 14, 2008) - Mark A. Emkes, Chairman and CEO of Bridgestone Americas Holding, Inc., today announced a plan to rename the company's operations effective Jan. 1, 2009. "Today we are announcin ... Continue reading
Johnson Controls-Saft Announces Second Lithium-Ion Hybrid Battery Production Contract
Oct 14, 2008
MILWAUKEE, Wisconsin, October 14 -- Johnson Controls-Saft will be providing lithium-ion batteries for BMW's 7 Series ActiveHybrid car, currently being showcased at the Paris motor show. Lithium-ion batteries are 30 percent smaller and 50 percent lighter than NiMH batteries used in hybrid electric vehicles (HEVs) on the ... Continue reading
Toyota Financial Services Introduces Toyota Rewards Visa to Help Consumers
Oct 14, 2008
Toyota Rewards Visa cardmembers earn Toyota Rewards Points that can be redeemed toward parts and accessories, an eligible vehicle lease or purchase, or service from participating Toyota dealerships. TORRANCE, Calif., Oct. 14 -- Americans' love affair with their vehicles drives them to spend nearly 18 cents of every dol ... Continue reading
Cummins Inc. Declares Quarterly Common Stock Dividend
Oct 14, 2008
COLUMBUS, Ind.--The Board of Directors of Cummins Inc. today declared a quarterly common stock cash dividend of 17.5 cents per share, payable Dec. 1, 2008 to shareholders of record on Nov. 21, 2008. About Cummins Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufact ... Continue reading
Zag Names Brenner to Head Consumer Initiatives, Appoints Innovators from Outside Auto Industry
Oct 14, 2008
SANTA MONICA, Calif.--Zag (http://www.zag.com), the online no-haggle car-buying platform that connects ready buyers with certified dealers through trusted affinity groups, today announced it has promoted Business Development head Bernie Brenner to Executive Vice President in charge of its Consumer initiatives. At the s ... Continue reading
Daimler Trucks North America Plans Decisive Response to Changed Economic Environment
Oct 14, 2008
- Focus on a two brand strategy: discontinuation of Sterling Trucks brand - Consolidation of manufacturing plant network - Expected annual earnings improvements of $900 million by 2011 - Estimated program costs of $600 million STUTTGART, Germany and PORTLAND, Ore., Oct. 14 -- Daimler Trucks North America (DTNA) today a ... Continue reading
Kia Motors posts 2.7% increase in September global sales
Oct 14, 2008
NEWS FOR IMMEDIATE RELEASE CONTACT: Michael Choo ( <mailto:cdore@kia.co.kr> mjc@kia.co.kr), International Communications Manager, Kia Motors Corporation, Tel: +82-2-3464-5663 Kia Motors posts 2.7% increase in September global sales - Cumulative sales surpass one million units over first nine months of 2008, increasing ... Continue reading
Hyundai-Kia China has import permit revoked
Oct 14, 2008
Hyundai-Kia China has import permit revoked http://www.gasgoo.com/auto-news/1008023/Hyundai-Kia-China-has-import-pe rmit- revoked.html Shanghai, October 14 (Gasgoo.com) Industry sources said that the import permit of Hyundai-Kia Auto (China) has been suspended because of complaints from dealers, said Beijing Morning Po ... Continue reading
Bosch to see '08 China sales revenue up 30%
Oct 14, 2008
Bosch to see '08 China sales revenue up 30% http://www.gasgoo.com/auto-news/1008028/Bosch-to-see-08-China-sales-rev enue- up-30.html Shanghai, October 14 (Gasgoo.com) Bosch Chairman Franz Fehrenbach announced in Beijing on October 13 that Bosch' sales revenue in China is expected to reach 2.3 billion euros, a 30% incre ... Continue reading
ExxonMobil Wins Innovation Award for Battery Separator Film Technology
Oct 14, 2008
HOUSTON--ExxonMobil Chemical announced today that it has received a leading industry innovation award for its battery separator film technology. The technology, pioneered by a team of ExxonMobil scientists led by Dr. Pat Brant, won the 2008 ICIS Chemical Business award for Best Product Innovation because it can signifi ... Continue reading
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