# Tenneco announces DRiV Inc. as name for aftermarket and ride performance spinoff

Tenneco announced that the new publicly traded aftermarket and ride performance company resulting from its separation into two independent companies will be named DRiV Incorporated. The spinoff is expected to be completed in the second half of 2019.

- Type: Leadership
- Announced: 2019-02-14
- Where: Chicago area, United States
- Status: announced
- Products: aftermarket parts, ride performance parts, braking systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Tenneco](https://endata.com/companies/13375.md)
- [DRiV Incorporated](https://endata.com/companies/37341.md) (target)

## Sources

- [powerprogress.com](https://www.powerprogress.com/news/tenneco-announces-driv-inc-spinoff/5025349.article), 2019-02-14: "Tenneco announced that the new publicly traded aftermarket and ride performance company that will launch in the second half of this year following Tenneco Inc.'s separation into two independent companies will be named DRiV Incorporated."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.