Tenneco aftermarket, ride performance spinoff to be called DRiV Inc.
Tenneco announced its spinoff aftermarket and ride performance company will be called DRiV Incorporated. The publicly-traded company will launch in the second half of the year, when Tenneco will split into two independent companies. Once it spins off, DRiV will serve as one of the largest global mu...
French group Novares acquires Wisconsin-based manufacturer MPC, including one plant in Sonora
Novares announced the acquisition of Wisconsin-based Miniature Precision Components (MPC), a thermoplastic company that produces highly engineered plastic components and integrated modules for vehicle powertrains. The financial terms of the deal were not disclosed. “The acquisition of MPC, with a...
Driven by higher truck production in North America, Cummins posts record sales, profits
Cummins Inc. reported increases in fourth-quarter sales and profits compared to a year ago, which helped lead to a record year for sales and profits in 2018. Sales were driven by an increased truck production in North America and stronger demand in global construction and power generation markets. ...
Schaeffler opens state-of-the-art aftermarket center in Cuautitlan Izcalli
Global automotive and industrial supplier Schaeffler celebrated the grand opening of its new, state-of-the-art Automotive Aftermarket assembly and packaging center in Cuautitlan Izcalli, State of Mexico.  The facility, known as an Aftermarket Kitting Operation (AKO), “will significantly enhance ...
Continental Las Colinas plant, in Silao, celebrates 15 years of quality, development and growth
Executives and collaborators of the Continental Las Colinas plant in Silao, Guanajuato held a celebration to commemorate 15 years of operation. The event was headed by Matthias Matic, vice president of the business unit and Lutz Marczinski, plant director. In his speech, Matthias Matic commented th...

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