South Korean parts makers Continental Automotive Electronics LLC and Continental Automotive Korea Ltd have agreed to plead guilty and pay $US 4 million for rigging bids for instrument panel clusters sold to car makers which come with a, the Justice Department…
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Mahindra & Mahindra closer to acquire stake in Saab Automotive
India’s largest maker of utility vehicles and tractors Mahindra & Mahindra, is close to successfully acquiring a stake in the company that owns Swedish auto maker Saab Automoive, the Dow Jones Newswires reported, citing court documents. National Electric Vehicle Sweden is owned by National Modern…
Silicone Molding Technology For Medical Devices to be introduced at event
Silcotech, a leader in liquid injection molding (LIM) technologies, will be showcasing with Dow Corning at MD&M West 2015, a step-change in liquid silicone rubber (LSR) processing made possible, in part, by Dow Corning’s LSR technology. MD&M West is taking…
2015 Market Research Report released
The 2015 Market Research Report has just been released. The 2015 Market Research Report on Global Butadiene Rubber Industry is a professional and in-depth research report on the global butadiene rubber industry. For overview analysis, the report introduces butadiene rubber…
Expert committee formed to review issues of rubber production and import
The Commerce Ministry has set up an expert committee to examine the issues of the rubber industry such as production and imports. The government is also in the process of formulating a National Policy for rubber sector to address issues…
Rubber Planters Assembly, made up of 15 rubber planters groups, formed
“Fifteen rubber planters’ groups have merged to create the Rubber Planters’ Assembly to solidify their positions and unify demands. Uthai Sornlaksap, leader of the rubber planters’ network, will become acting chairman of the new body. Representatives of the groups made…
Soros may invest in auto dealer groups
Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers…
Novelis invests US$48 MIL in automotive scrap recycling facility
US aluminium sheet maker Novelis said Monday it had invested $48 million investment in its automotive scrap aluminium recycling facility in Oswego, New York. The company said the Oswego facility would meet increased demand for aluminium automotive sheet in North…
Penske Automotive purchases Land Rover Dealership
Penske Automotive Group, Inc.an international transportation services company, has acquired a Land Rover dealership in Darien, Connecticut. The company estimates the dealership will generate approximately $50 million of revenue annually. “We are pleased to add the Land Rover brand to our existing automotive…
Bridgestone Corporation develops system to assess conveyor belt wear
A unique system capable of automatically assessing conveyor belt wear has been developed by Bridgetsone Corporation and is expected to launch worldwide in January. The company also will launch BRIDGESTONE MONITRIX, a mining operations support software also designed by Bridgestone…