Dynacast International has completed acquisition of the Dynacast business from Melrose PLC. The purchasers are affiliates of Kenner & Company, a New York-based investment firm, together with Izurium Capital Management and a number of other institutional investors. It is a global manufacturer of small engineered die cast components with customers in the automotive safety sector, among others.
Johnson Controls reported a stronger-than-expected quarterly profit due to a fast recovery from the impact of the Japan earthquake in March and higher auto production levels in some markets.
Johnson Controls Inc. reported a stronger-than-expected quarterly profit due to a fast recovery from the impact of the Japan earthquake in March and higher auto production levels in some markets.
One of Fiat's major unions says both the automaker and the labour body will now have to wait up to 60 days to receive a detailed judgement concerning the Pomigliano d'Arco plant.
Beijing Automotive Group has formed a joint venture company called BAW-RUS Automotive to assemble and sell commercial vehicles in Russia.
Accuride Corporation has acquired assets of Forgitron Technologies, a company in the Kamylon Capital group. The purchase included an 80,000 sq ft forged aluminum wheel manufacturing facility in Camden, South Carolina which Accuride plans to convert to make own brand commercial vehicle aluminium wheels.
China's FAW Group (First Automotive) will create a new company valued at CNY78bn (US$12.1bn) to launch its initial public offering.
Toyota Motor Sales USA has confirmed the upcoming all-electric RAV4 EV will be on general sale in 2012.
General Motors and OnStar will trial smart grid systems for electric vehicles this year, paving the way, they said, for utilities to increase energy efficiency and offer lower charging costs to customers.
First official pictures of the world's most efficient electric car
With a backdrop of uncertain fuel prices and scarce parking spaces in urban markets, Toyota's youth brand is expanding its lineup with a subcompact city car.
Part of Scion's quirky appeal to Gen Y is a knowing sense of not taking itself too seriously.
Enthusiasts have been drooling over the 5.5-liter biturbo V8 making its way under the hood and across the lineup of some of the most menacing Mercedes-Benz vehicles on the road.
The Renault-Nissan alliance aims to increase new-car sales in Russia to 1.6 million units in the next five years as it seeks to take control of AvtoVAZ, the country's biggest carmaker.
Honda said today it was cutting its 2011 car sales target for China by 13 percent after Japan's earthquake and tsunami in March disrupted its supply chain and forced production cutbacks.
Honda Motor Co. said on Wednesday it was cutting its 2011 car sales target for China by 13 percent after Japan's earthquake and tsunami in March disrupted its supply chain and forced production cutbacks. Japan's No.
Nissan will produce a Russian variant of Renault's no-frills Logan car, as the automakers pursue a combined 40 percent share of the fast-growing market with Russian partner AvtoVAZ.
Renault is running its Moscow plant at full capacity to keep up with an expected 40 percent rise in overall Russian sales to 2.7 million in 2011, its Russia chief said.
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