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Faurecia says the tender offer launched for Clarion,on January 30 has been successful.
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Autoliv has named Magnus Jarlegren as executive vice president operations and member of the safety equipment specialist's executive management team. He takes up his new position by August 2019.
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4th
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Hyundai Motor and Kia Motors announced jointly all future vehicles will come with built-in video recording systems, more commonly referred to as black boxes.
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4th
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Hyundai Motor and Kia Motors announced plans to recall around 533,000 vehicles in the US due to a risk of engine fire, according to media reports.
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Thailand is fast becoming a major SE Asia production hub for medium and heavy commercial vehicles, with Scania the latest global manufacturer to set up a regional production and R&D centre in the country.
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Hyundai Motor, whose sales are falling in China, is considering cutting capacity at its factories in its biggest market, chief executive Lee Won-hee has said, according to Reuters sources. Meanwhile, Ford's joint venture in China has quietly begun dismissing thousands of its 20,000 workers due to weak vehicle sales, according to the New York Times.
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