Weichai Power's subsidiary Weichai HK acquired 46.1 million common shares, about 19.9% of Ballard Power Systems, in exchange for an equity investment of about US$163.6 million, a China joint venture, and a $90 million technology transfer program.

Hexagon Composites signed an agreement to acquire the remaining 50% of Agility Fuel Solutions, valuing Agility's equity at USD 250 million on a 100% basis. Closing is expected in January 2019.

Continental has agreed to purchase Cooper Standard's anti-vibration systems business, including North American operations, substantially all of its French anti-vibration business and its stake in an Indian joint venture. Completion is subject to antitrust approval and French works council consultations.

Fiem Industries, Aisan Industry and Toyota Tsusho signed a joint venture agreement to manufacture fuel pump modules and IC connectors for two- and three-wheelers in Rajasthan, with initial share capital of Rs. 1 billion and production starting April 2019.

Korean automotive supplier Hanon Systems agreed to acquire Magna International's global Fluid Pressure & Controls business for an enterprise value of about $1.23 billion, with completion expected in Q1 2019.

BEWiSynbra Group has entered agreements to acquire BEWi Produkter, BEWi Polar (together BEWi Norway) and BEWi Automotive, partly paid in new shares and partly in cash. Completion is subject to financing and shareholder approval.

Sensata Technologies has completed the sale of its valves business to Japan's Pacific Industrial for a total enterprise value of about USD 175 million. The business makes engineered valves for automotive, aerospace, HVAC/R and heavy-duty vehicle customers.

Huf Group and Baolong signed a letter of intent to establish a joint venture combining their tire pressure monitoring systems businesses, with launch planned for 1 January 2019.

Ballard Power Systems acquired strategic testing, prototype production and lab assets from Automotive Fuel Cell Cooperation, which Daimler and Ford are winding down in Vancouver. The equipment covers about 11,000 square feet and adds capacity at Ballard's existing Vancouver facilities.

OMRON Automotive Electronics became part of the Nidec group under the new name Nidec Mobility, to work with Nidec's automotive motor unit on modules and systems. The change was reported on 12 November 2019.

Dana Incorporated becomes majority shareholder of TM4, Hydro-Québec's electric motor and inverter subsidiary, for CA$165 million, with Hydro-Québec keeping 45%. TM4's Boucherville, Québec facility and 130 employees remain in place.

Tramec Sloan, a subsidiary of Tramec, has acquired Fleet Engineers of Muskegon, Michigan, a maker of aerodynamic, door system and spray control products for the truck and trailer industry. Fleet Engineers will operate as an autonomous division.

Woodward has completed its acquisition of L'Orange GmbH and related operations for an enterprise value of €700 million (US$811 million). The deal strengthens Woodward's Industrial segment.

Dongfeng Parts and Components Group and Fawer Automotive Parts agreed on 31 May 2018 in Wuhan to set up Dongfeng Fawer Pump Industry, a joint venture in Shiyan New Industrial Park, Hubei, to make pumps for commercial, passenger and electric vehicles. The venture targets RMB 260 million revenue by 2023.

Sensata Technologies agreed to sell its valves business, which makes tire valves and mechanical valves, to Pacific Industrial Co. for a total enterprise value of about $173 million. The deal is expected to close in the third quarter of 2018.

UK engineering group GKN agreed to combine its Driveline division with US auto-engineer Dana in a deal worth $6.1bn (£4.4bn), as a defence against a takeover bid from Melrose Industries. GKN shareholders would hold 47.25% of the enlarged US-listed group.

Dana signed definitive agreements to combine with GKN plc's Driveline division into a new UK-domiciled Dana plc. GKN plc receives $1.6 billion cash, assumption of about $1.0 billion pension liabilities and 133 million new shares valued at about $3.5 billion.

DexKo Global plans to acquire E&P Hydraulics and related German entities, adding levelling systems for caravans, motorhomes and light commercial vehicles to its AL-KO Vehicle Technology business. The deal was announced on 7 December 2017 with no value disclosed.

Standard Motor Products formed a 50/50 joint venture, Foshan FGD SMP Automotive Compressor, with China-based Foshan Guangdong Automotive Air Conditioning, investing approximately US$12.5 million to make automotive air conditioning compressors.

Valeo and PHC Group completed the Valeo-Kapec joint venture, a torque converter business with about 3,150 employees and forecast sales of around 1 billion euros, fully consolidated by Valeo.

PHC Group and Valeo agreed to combine their global torque converter businesses through a joint venture, KAPEC, with PHC's four foreign subsidiaries becoming wholly-owned subsidiaries of KAPEC.

Federal-Mogul Powertrain completed the acquisition of UK-based Controlled Power Technologies, a developer of 12V and 48V electric motor generators for hybridisation and electrification. The unit will operate as Federal-Mogul Controlled Power; financial terms were not disclosed.

Valeo has closed its acquisition of FTE Automotive, a producer of actuators with more than 3,800 employees and manufacturing in eight countries, after clearances from the European Commission and the Turkish Competition Authority. FTE had 2016 sales of around EUR 550 million. The price was not disclosed.

A merger control filing dated 29 September 2017 concerns SSCP Thermal Bidco's acquisition of shares and control of Vernet SAS and Magnum Corporation, makers of pressure regulating and relief valves, thermostatic cartridges and automotive spare parts.

BorgWarner agreed to acquire Sevcon, Inc. in a transaction with an enterprise value of approximately $200 million, subject to Sevcon shareholder approval and competition clearance.

Timken India Ltd., a majority-owned subsidiary of The Timken Company, agreed to merge with ABC Bearings Ltd., a maker of tapered, cylindrical and spherical roller bearings based in Mumbai with plants in Bharuch and Dehradun, in a share-based deal subject to Indian approvals.

Faurecia signed a joint venture agreement with Dongfeng Motor Parts & Components Group for its Clean Mobility business in Wuhan, China, on 4 July 2017. The JV is set to start operations in 2018.

Faurecia acquired exclusive access to intellectual property and process know-how for composite hydrogen tanks from Stelia Aerospace Composites, to develop high-pressure tanks for fuel cell electric vehicles.

Austrian technology group Miba AG will raise its stake in Brazilian sinter component maker Mahle Metal Leve Miba Sinterizados from 40 to 100 percent as of 30 June 2017. The company will be renamed Miba Sinter Brasil and operates a site in Indaiatuba near São Paulo.

Keihin IPT Mfg, LLC completed its acquisition of Keihin Aircon North America, Inc. from Keihin Corporation and others in April 2017, after agreeing the deal on February 21, 2017.

Plastic Omnium finalized the sale of seven European automotive exterior sites (four in France, one in Spain, two in Germany) to Flex|N|Gate for an enterprise value of €200 million, a disposal required by the European Commission after the Faurecia Auto Exterior takeover.

Valeo and South Korean partner Pyeong Hwa Group agreed to create the Valeo-Kapec joint venture, combining their torque converter businesses. The company, headquartered in Daegu, will be controlled and fully consolidated by Valeo and is expected to generate around EUR 1 billion in annual sales, subject to regulatory approval.

Crestview completed its take-private acquisition of Accuride, according to a PE Hub report dated 18 November 2016. No deal value was given in the article.