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Ford will provide financial assistance to Visteon Corporation in an effort to support the ailing supplier’s restructuring under Chapter 11 bankruptcy protection. In their filing with the US Securities and Exchange Commission
The new company, Chrysler Group LLC, will be owned 20% by Fiat, 10% by the U.S., 2.5% by Canada and 67.5% by a United Auto Workers union retiree health care trust fund.
A fair majority of the leading suppliers to European automakers increased their 2008 sales in the region.
Vehicle sales in China rose 34% year on year in May, with passenger car purchases growing strongly due to government stimulus measures, an industry association said Tuesday.
General Motors purchasing chief Bo Andersson is leaving the bankrupt automaker “to pursue other career interests.”
“Bo has made tremendous contributions to the development
New Valeo CEO Jacques Aschenbroich has said the company would consider seeking finance to buy parts of bankrupt Delphi and Visteon
At the off-road fair “Abenteuer & Allrad” to be held in Bad Kissingen from 11th to 14th June 2009, Hella presented a whole range of new products
OSRAM will show the latest developments for CCTV and night vision systems in Nuremberg at the Sensor+Test, the international trade fair for sensor, measuring and testing technologies.
NeoView Kolon of South Korea have just unveiled their latest OLED development: transparent OLEDs to supplant LCD screens in vehicles’ interior displays.
The Peugeot 5008 introduces innovative technologies into the compact people carrier segment such as the HUD (head-up display), a device being borrowed from the cockpits of fighter aircraft.
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