According to the new market research report “Data Bus Market by Protocol (MIL-STD, AFDX, ARINC 429/629, CAN, TTP), by Application (Military, Commercial Aviation, Automotive), by Component (Micro couplers, Cables, Connectors, Accessories), by Geography – Global Forecasts & Analysis to 2020”,…
Category: Investments
Transaction complete for the steelcord business of Pirelli in Turkey
Pirelli & C. S.p.A. has concluded the sale of its steelcord business in Izmit, Turkey, to steel wire producer N.V. Bekaert S.A., as part of a deal to divest its steelcord business. Completion of the sale in Turkey follows by…
Continental Tyre replacement business now in Dubai
To drive forward the expansion of its Passenger and Light Truck Tire (PLT) as well as Commercial Vehicle Tire (CVT) replacement business in the Middle East and North Africa (MENA), Continental has relocated the relevant business units from Hanover in…
Continental Completes Veyance Acquisition
Continental has concluded its acquisition of the U.S. rubber company Veyance Technologies Inc, of Fairlawn, Ohio, on January 30. On January 29, the Brazilian antitrust authority CADE (Council for Economic Defence) cleared the transaction with certain conditions, thus providing the…
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…
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…
POSCO completes construction of new high-end automobile factory
The construction of a high-end cold rolled steel sheet factory for automobiles with a production capacity of 1.8 million tons in Maharashtra, India has just been completed by POSCO. With a US$709 million (767.35 billion won) investment, the construction of…
Rogers Corp buys silicone subsidiary from Handy & Harman
The sale of its subsidiary Arlon LLC by Handy & Harman Ltd. to Rogers Corp has been finalised. Handy & Harman previously announced the agreement to sell Arlon, which manufactures silicone products in Bear, Del., on Dec. 19. The total…