Lear Corporation Opens New Innovation Center in Detroit

Lear Corporation, a leading global supplier of automotive seating and electrical systems, opened a world-class Innovation Center today in downtown Detroit located at 119 State Street in historic Capitol Park. At this Center, Lear plans to develop new automotive products and technologies, incubate non-automotive business opportunities, collaborate with the College for Creative Studies (CCS) on the […]

Continental Acquires Hoosier Racing Tire Corporation

The international technology company Continental today announced the acquisition of Lakeville, IN-based Hoosier Racing Tire Corp., a manufacturer of specialty tires for racing applications. “This acquisition showcases the consequent execution of our long-term growth strategy Vision 2025, characterized by strategic planning and systematic implementation of technological progress. The acquisition of Hoosier Racing Tire is an […]

Henkel Corporation, North America, Acquires Magna-Tech Manufacturing

Henkel Corporation, the U.S. subsidiary of Henkel AG & Co. KGaA of Germany, today announced the acquisition of Magna-Tech Manufacturing, headquartered inMuncie, Indiana. Magna-Tech Manufacturing is the North American market leader in vacuum impregnation services, with a focus on process center capabilities. Magna-Tech will function as a subsidiary of Henkel Corporation, operating as part of […]

Meritor® to Supply Components to Oshkosh Corporation for Recently Awarded JLTV Program

Meritor, Inc. has announced that it plans to supply wheel-ends for approximately 17,000 Joint Light Tactical Vehicles (JLTV) to be manufactured by Oshkosh Corporation. The Department of Defense awarded the 8-year JLTV production contract to Oshkosh on Aug. 25, 2015. Meritor’s bevel gear hub wheel-ends will help optimize the Oshkosh JLTV’s payload capability and mobility. “For […]

United States Steel Corporation Announces Purchase Of DESCO

On 1 June United States Steel Corporation announced another strategic step in the company’s Carnegie Way transformation journey by completing the purchase of AK Steel’s interest in Double Eagle Steel Coating Company (DESCO).  The 700,000 ton electrolytic-galvanizing line (EGL) will become part of the larger operational footprint of U. S. Steel’s Great Lakes Works. The […]

LoJack’s Solutions empower Fleet Owners

LoJack Corporation a provider of vehicle theft recovery and advanced fleet management solutions, announced the seamless integration of Intuit®QuickBase® with the LoJack® Fleet Management Powered by TomTom platform. The integration will provide LoJack customers with new capabilities that empower businesses to create customized applications and solutions to improve efficiencies and identify new areas for improvement. Customers will be able to automatically […]

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 […]