Hella swings back to profit
German supplier Hella swung to a net profit in the 2006/2007 fiscal year as it reduced costs in its core lighting business.
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Hella ACC technology gains OEM interest.
Hella's use of laser radar in adaptive cruise control (ACC) technology soon may find its way into North American vehicle programs, company officials predict.
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JV Minda Valeo in India
India's NK Minda Group said today it had signed a joint venture agreement with Valeo Electrical Systems, a unit of French car parts maker Valeo, to set up a plant in India.
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LED: Technology not yet mature
Mass production of headlights that use the next generation of lighting technology, LEDs is at least four to six years away, says a top official at an auto lighting company.
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Cree Achieves 1,000 Lumens from a Single LED
DURHAM, NC, SEPTEMBER 7, 2007 — Cree, Inc. (Nasdaq: CREE), a leader in LED lighting components, today announced it has demonstrated light output of more than 1,000 lumens
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Czech Republic: Magneti Marelli subsidiary announces US$127.6m expansion plan
Automotive Lighting Jihlava, the Czech automotive lighting systems manufacturer and subsidiary of Magneti Marelli, is investing Koruna 2.6bn (US$127.6m) into expanding and upgrading its operations in response to growing demand.
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New japonese models
Japan’s domestic new-car sales continued their slide in the April-June quarter. Still, some analysts and industry executives say the worst could be over.
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Continental buys Siemens VDO
In the largest acquisition in the history of auto suppliers, Siemens AG said today it will sell its Siemens VDO Automotive parts unit to German rival Continental AG for $15.66 billion, or 11.4 billion euros.
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Much driver assistance with camera’s
Automakers are finding new ways of using small cameras in vehicles in a quest for greater safety and security, including the first 360-degree cams that give drivers a view of blind spots in their surroundings.
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Bosch and denso to invest 150m€ in Poland
Robert Bosch and Denso will invest €150 million to build diesel particulate filters in Wroclaw, southwest Poland, a government official said.
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