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.
Valeo will build a 4,000 square metre production hall in Žebrák, Czech Republic, for battery cooling modules for electric vehicles. The investment is 450 million CZK, with production due to start at the end of 2019 and up to 1.2 million modules a year.
Worksport, a subsidiary of Franchise Holdings International, was awarded an open-ended manufacturing contract for Tri-Fold soft covers by a leading U.S. truck accessory distributor, expected to generate at least $600,000 in annual revenue starting Q4 2018.
Pierburg Pump Technology, part of Rheinmetall Automotive, won orders worth €215 million from an international automaker for its CWA 400 electric coolant pump, produced in Hartha, Saxony.
ZF Friedrichshafen started a new shock absorber production line at its regional headquarters in Chakan, Pune, India, with annual capacity of 0.7 million units, planned to rise to three million units within three to four years.
BORG Automotive plans a new factory in Lublin, southeast of Warsaw, to add remanufactured automotive parts capacity because its existing Polish plant will be fully utilized by 2019.
European Springs & Pressings, a Lesjöfors company, bought a new site of about 2,000 square metres in Penryn, Cornwall, to serve its industrial spring business. It is planned to be fully operational from Q4 2018 with over 20 staff.
ATTC Manufacturing, a subsidiary of Japan's Aisin Takaoka, plans to invest more than USD 27.3 million in Perry County, Indiana, as part of 22 manufacturer expansion plans announced on National Manufacturing Day.
NIDEC GPM Hungary invested HUF 15 billion at its Bercel plant in Nógrád County, building a new logistics hall and expanding the assembly shop. The plant is set to produce 1 million oil pumps a year, with more production lines planned over 4-5 years.
Northumberland-based Avid Technology won six new contracts worth a total of £50 million a year with international automotive firms, including a supercar maker, a tier one supplier and OEMs, for electric and hybrid powertrain systems.
Fiem Industries signed a technical assistance agreement with Toyodenso of Japan to manufacture bank angle sensors in India, with production expected from April 2019.
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.
BorgWarner expanded manufacturing at its Kakkalur facility in Thiruvallur near Chennai by adding 1,500 square metres to its production line, hiring more than 80 people and starting variable cam timing system production.
Tristone Flowtech Group launched Tristone Flowtech Brasil Autopecas Ltda in São Paulo in August 2018 to enter the Brazilian automotive market. It plans a local plant of about 5,000 square metres employing 150 people, making engine and battery cooling and aircharge fluid products.
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.
Marquardt India plans to set up an all-new manufacturing plant on the outskirts of Pune, aiming to start production in the run-up to CY2020. No investment value was stated.
Marquardt India plans to move its R&D operations into a bigger Pune facility with labs and prototyping, and to grow engineering headcount from 250 to 500 within about two years. The land for the new facility has already been bought.
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.
ContiTech opened a RMB70 million (about €10 million) plant in Changshu, China, producing 3D blow-moulded thermoplastic elastomer hoses for turbochargers used by automotive OEMs. The plant is Continental's fourth site with this technology and was set to start mass production in Q3 2018.
Tire valve maker Haltec plans a new site at the Columbiana County Port Authority's World Trade Park in Leetonia, Ohio, creating up to 75 jobs, after buying 17 acres and an office building for $2.3 million.
Cooper Standard laid the foundation stone for a $12 million polymer mixing plant in Aguascalientes, creating 100 direct jobs, with completion expected in the first quarter of 2019.
Japanese automotive parts maker Yagi completed a PLN 75 million expansion of its Żarów factory, adding a 7,000 sq m hall for wheel hub production.
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.
NORMA Group won a major order to supply 200,000 e-car cooling systems over five years to a Chinese automaker, according to a press release dated 25 June 2018.
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.
Cramlington-based AVID Technology has secured part of a £20.8m R&D project with Jaguar Land Rover and five other partners, backed by the Advanced Propulsion Centre, to develop hybrid electric vehicle electronics and componentry.
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.
Tristone broke ground on its first US plant in Mooresville with an investment of about $23.6 million, which it will lease under a long-term contract. The plant is expected to be finished in November 2018 and start operating in May 2019, and create more than 300 jobs.
Air Temp of America, a subsidiary of Mexico's Air Temp de México, will set up its US headquarters and first US manufacturing operation in Panama City, Florida, after buying an existing facility. The company plans about $6 million in capital investment and 50 new jobs.
WABCO extended a long-term agreement to supply air compressor technology to a major European manufacturer of trucks and buses, worth EUR 100 million, according to a press release of 3 May 2018.
Rheinmetall Automotive won an order for powertrain components worth EUR 200 million from an unnamed European OEM, announced in a press release on 25 April 2018. The order covers pistons, bearings, electric pumps and valves.
Rheinmetall Automotive booked orders worth around EUR 200 million across several components from a longstanding premium European OEM. Products include pistons, bearings, electric pumps and valves, with some supplied from the Czech plant at Ústí nad Labem.
Tianjin Aida Automatic Transmission, a joint venture of Aisin AW and FAW Group, is adding a finished-product line for front-wheel-drive 6-speed automatic transmissions in Tianjin Development Zone, China. Shareholders added USD 31 million of capital, with production capacity of 300,000 units a year planned for April 2019.
Jebsen-TCG Automotive Systems (Dalian) opened a 5,000 square metre plant in Dalian with an investment of RMB 30 million, raising oil and water pump capacity to 4 million units a year and adding electric water pumps.
Panattoni Europe has been awarded a contract by Volkswagen Group to build a packaging centre for automotive parts at JadeWeserPort in Wilhelmshaven, Germany. The five-hall facility will cover about 45,000 square metres on a 100,000 square metre site, with construction scheduled to begin in June 2018.
Federal-Mogul Powertrain secured its first commercial customer contract for its Controlled Power Technologies unit, worth around $100 million, for development and series production of advanced starter-generator systems for an OEM, announced 29 March 2018.
Jiaxing Fengwo Turbo Technology began construction on a turbocharger plant in Tongxiang, Zhejiang, with a total investment of about 1.05 billion yuan. The plant will make 1.5 million gasoline engine turbochargers per year and is scheduled for a 10-month build.
BorgWarner Emissions Systems (Ningbo) opened a new 50,000 square meter design and manufacturing facility in Jiangshan, Yinzhou District, Ningbo, to make EGR systems, ignition coils and thermal heaters for automotive customers in China. The plant replaces the older Ningbo emissions facility.
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.
BorgWarner inaugurated a new turbocharger production plant of about 6,500 square meters in the Eastern Seaboard Industrial Estate in Rayong, Thailand, on March 7, 2018, to serve Asian automakers.
Modine Manufacturing completed construction of a new 92,000-square-foot production facility in Mezökövesd, Hungary, to make aluminum engine and powertrain cooling products with 340 employees on three shifts.
Linamar Hungary will invest HUF 8.64 billion (EUR 27.5 million) to create 200 jobs at Orosháza, Békéscsaba and Gyöngyös, extending lifting machinery production and automotive capacity.
Venture Plastics expanded its Newton Falls, Ohio headquarters by 17,000 square feet and installed a 1,400-ton injection molding machine to win larger automotive parts. The expansion was finished in March 2018.