A.P. Moller Holding has closed its offer to acquire Concentric AB, a global pump, fan and thermal management manufacturer for commercial vehicles.

Hanon Systems announced a new plant in Woodbridge, Ontario, to produce electric scroll compressors for hybrid and battery electric vehicles, with capacity of up to 900,000 units annually and about 300 planned jobs. Production is expected to start in the first half of 2025.

A.P. Moller Holding's subsidiary Circle Bidco ApS announced a recommended public cash offer of SEK 230 per share to acquire Concentric AB, a Nasdaq Stockholm-listed maker of pump, fan and fluid power solutions for commercial vehicles.

Rheinmetall won an order worth a low three-digit million euro amount to manufacture exhaust gas recirculation valves for a car manufacturer from January 2026 to December 2031. The order was booked in June 2024 and announced on 27 August 2024.

Rheinmetall received a major order for several million electric coolant pumps from an international car manufacturer, worth a low three-digit million euro amount. Production has started and runs until 2030, with a service contract to 2045.

Rheinmetall received a major order for several million electric coolant pumps from an unnamed international car manufacturer, worth a low three-digit million euro amount. Production started and runs until 2030, with a service contract until 2045.

BorgWarner inaugurated its third plant in Coahuila, Mexico, with an investment of US$46.4 million and 350 new jobs. The plant makes starter coils, thermostats and chillers.

Bendix Commercial Vehicle Systems celebrated the grand opening of a 185,000 square foot automated production facility at its Acuña campus, producing brake control and air treatment systems, with production expanding over several years.

Technotrans received a major series production order from a European electric bus manufacturer for battery thermal management systems, with a contract volume in the high single-digit million euro range.

Rheinmetall won a six-figure-quantity order from a long-standing commercial vehicle customer for high-pressure EGR and exhaust backpressure valves, with a total value in the low three-digit-million-euro range. Production runs from January 2027 to 2030.

technotrans secured a major order from a European electric bus manufacturer for series production of battery thermal management systems for several new e-bus series. Production and delivery will take place in 2024 from its plants in France and the Czech Republic.

Rheinmetall received two new orders for its plug and play heat pump module, one from a foreign e-bus conversion specialist worth a high single-digit million euro amount and one from a German e-off-road vehicle maker in the single-digit million euro range, totaling double-digit million euros.

Rheinmetall secured two new orders for its plug-and-play heat pump module, one from an international electric bus converter and one from a German off-road electric vehicle maker. The total order value is in the double-digit million euro range.

Mahle secured two major orders for thermal management modules, one from an established global vehicle maker and one from a newer Asian car manufacturer, with combined volume just under €1.5 billion. The announcement was reported on 25 April 2024.

Pacific Industrial will build a new plant on the site of its Kita-Ogaki factory in Kanzaki area of Gifu Prefecture to make valves for electric vehicles, with about 14,900 square metres of floor space and operations planned from March 2025.

MAHLE has won two orders for thermal management modules for electric vehicles, with a combined value just under EUR 1.5 billion. One is the largest single thermal management order in MAHLE's history, from a large OEM; the other is from an Asian car maker.

Mahle secured two major orders for thermal management modules for electrified vehicles, one from a global vehicle manufacturer, the largest in its history, and one from an Asian car maker, with total order volume just under EUR 1.5 billion.

TD Deutsche Klimakompressor (TDDK) held a topping-out ceremony for the sixth construction phase of its Bernsdorf, Saxony plant, adding 17,500 sq m of building area for electric refrigerant compressors, with the shell due to be completed by end 2024.

MAHLE has secured two major orders for thermal management modules from a global vehicle manufacturer and an Asian car maker, with combined order volume just under EUR 1.5 billion.

TDDK announced on April 8, 2024 that it will expand its Straßgräbchen plant near Kamenz into the largest electric automotive climate compressor production site in Europe. Mass production is due to start in 2025, and capacity will rise from six to eight million compressors a year. Investment size has not been disclosed.

ACI Groupe announced the acquisition of JTEKT's hydroelectric pump business in Europe, including the Blois production site and the Chennevières-sur-Marne technical centre. The business will be renamed ENERFLUX and integrated into ACI's Engineering to Product unit.

Schaeffler plans a greenfield plant in Dover, Ohio, making electric beam axles and electric drivetrain systems, with $230 million for the facility and other Ohio projects through 2032 and 450 jobs. Completion is expected in Q3 2025.

Rheinmetall won a new order from one of the world's largest automakers to supply several million electric oil pumps, worth a lower three-digit million-euro amount, with production running from February 2025 to December 2030.

Schaeffler is investing over $230 million in a greenfield manufacturing facility in Dover, Ohio, producing electric axles, with 650 jobs to be created in the state and construction starting mid-2024.

Freudenberg Sealing Technologies inaugurated its rebuilt carbon-neutral automotive components plant in Parets del Vallès near Barcelona, investing over EUR 11 million and raising production capacity by 15 percent.

Rheinmetall has won an order for several hundred thousand high-voltage CWA 2000 electric coolant pumps for an unnamed electric truck customer. The order is worth a mid-two-digit million-euro range, with production starting in 2025 and deliveries through 2030.

Rheinmetall has won its first order for its plug-and-play thermal management heat pump module for a hydrogen fuel cell truck from an unnamed new customer. It marks the first use of the module in a hydrogen-powered vehicle.

Mursix Corporation acquired Aul Brothers Tool and Die, an automotive aftermarket tool and die business, with the deal finalized in mid-2023 and terms undisclosed. Aul Brothers production moved to Mursix's Park One headquarters and is expected to account for about 10% of sales.

Rheinmetall won a new order for several hundred thousand back pressure valves from a prior commercial vehicle customer, worth a value in the lower two-digit million-euro range. Production runs through the end of 2026, including spare parts at 10% of contract value.

Westport Fuel Systems was awarded a development program by a global heavy truck manufacturer to adapt its Next Generation LNG HPDI fuel system to Euro 7 requirements. The program is valued at an estimated USD 33 million and is funded by the OEM.

Rheinmetall received a new order for several hundred thousand CWA 2000 high-voltage electric coolant pumps for 800V applications from an unnamed automaker, worth a mid-double-digit million euro figure. Production starts in 2025 and runs to 2030.

Rheinmetall won an order from a major international automaker for nearly two million WUP3 electric coolant pumps, worth a mid-two-digit million-euro figure, with production running from 2024 through December 2031.

BorgWarner expects 2023 turbocharger production to be 18% higher than last year at its Itatiba, Sao Paulo state plant, and is studying a capacity expansion there, though nothing has been agreed with headquarters.

Schaeffler AG signed a business combination agreement with Vitesco Technologies Group AG and announced a voluntary public tender offer for all Vitesco shares. The announcement was made from Herzogenaurach, Germany.

Rheinmetall received a seven-year order from a European electric tractor manufacturer for a preassembled plug-and-play heat pump for thermal management. The order is valued in the lower two-digit millions of euros and deliveries for field testing start in 2024.

Concentric AB secured an order from a global bus OEM for its 600W electric water pump, used to cool a fuel cell range extender in a battery electric bus; order value is 2.1 million SEK.

Rheinmetall won three orders from one of the world's largest automakers to supply electric coolant pumps (WUP3, WUP80, MEP150), worth an aggregate upper-two-digit million-euro amount, with production running 2023 to autumn 2031.

Concentric AB won a nomination worth 70 MSEK over five years to supply its seal-less electric coolant pump for a new battery electric bus platform of a leading Indian commercial vehicle OEM, with production starting in 2025.

At the Phase II inauguration on November 1, 2023, Schaeffler signed an investment agreement with the Taicang High-Tech Industrial Development Zone for a New Energy Phase III Project.

Schaeffler officially inaugurated the New Energy Phase II Factory at its Taicang manufacturing base in Jiangsu province on November 1, 2023. The plant produces electric motor stators and rotors for new energy vehicles.

Korean auto interior maker Daesol Ausys Georgia is opening a $72 million facility in Harris County, Georgia, creating more than 140 jobs. The plant begins operations in late 2024 and supplies Kia, Hyundai and General Motors.

DAS Corp, a supplier to Kia and Hyundai, is opening a $35 million facility in Metter, Georgia, to make auto seat structures. The plant will create 300 jobs and begin production in late 2024.

Concentric AB won a multi-year order to develop and supply a mechanical fixed displacement coolant pump for a new engine platform for an unnamed global OEM in agriculture, construction and forestry equipment. Start of production is scheduled for 2029, with annual revenue at mature volumes of MSEK 34.

Parker Corporation announced an $8 million investment and 200 new jobs for a new plant in the Finsa industrial park in Aguascalientes, Mexico, starting operations in August 2024 to make air conditioner components.

Parker Corporation Mexicana announced an $8 million investment for a new plant in the FINSA industrial park in Aguascalientes, creating about 200 jobs and making air conditioner components, with operations starting in August 2024.

Rheinmetall won an order from an unnamed European electric tractor maker for a plug-and-play heat pump thermal module, worth a figure in the lower-two-digit million-euro range, with deliveries for field tests starting in 2024.

Rheinmetall received two first-ever orders from a major international truckmaker for electronic coolant control valves for fuel cell trucks, with an aggregate value in the mid-two-digit million-euro range; first deliveries are due in 2024 and full-scale production in 2028.

Rheinmetall has developed a prototype propane (R290) e-compressor and heat pump module for electric vehicles, presented at the ATMO Europe Summit in September 2023, with market availability targeted by 2028.

Robert Bosch Energy and Body Systems will spend about EUR 36 million to expand production capacity of assembly lines at its Miskolc plant by mid-2025, creating 110 new jobs through redeployment.

Robert Bosch Energy and Body Systems will spend EUR 12 million to expand development and testing of electric drives at its Miskolc site by mid-2025, creating 60 new jobs.