Press Releases

Press Releases

Beijing Hyundai Motor Company (BHMC), a 50-50 joint venture between Hyundai Motor Company and Beijing Automotive Industry Holding Co., today said it would begin building its fourth and fifth plants in China next year to respond to surging demands in the world’s largest automobile market. BHMC will build its fourth…

Press Releases

The Hyundai Motor Company has been making news because of the fact that they have had to recall thousands of vehicles due to faulty brakes lights. In fact, in a recent article posted on Reuters.com that was published December 9th, 2014, Hyundai is said to be recalling a select amount…

Press Releases

The report “Automotive Paints Market - Global Trends and Forecast to 2018”, defines and segments the automotive coating market with analysis and forecasting of the global volume and revenue. Due to aforementioned reasons, the automotive OEM coating market is estimated to grow from $8.7 billion in 2013 to $11.7 billion…

Press Releases

Chrysler Group LLC has recently been in the news due to the fact that they have recalled hundreds of thousands of vehicles due to malfunctioning Takata air bags. In fact, as stated in an article released December 12th, 2014 on autonews.com, Chrysler is one amongst several big name automakers that…

Press Releases

eHi Car Services Limited, a leading car rentals and car services provider in China, today announced that its strategic partner BMW was awarded Moneyweek's 2014 China Most Innovative Auto Finance Company Award for its "Add-on Mobility Program" in conjunction with eHi. In support of the launch of BMW's i-series vehicles…

Press Releases

Cypress Semiconductor Corp. and Spansion, Inc. today announced that Cypress has filed with the U.S. Securities and Exchange Commission a registration statement on Form S-4 containing a joint preliminary proxy statement/prospectus in connection with the proposed merger between the two companies. While this registration statement has not yet become effective…

Press Releases

HARMAN International Industries the premier audio, visual, infotainment and enterprise automation group, today announced that it has signed an agreement to acquire S1nn GmbH & Co. KG, an innovative developer of infotainment systems, connectivity and car audio solutions. This transaction is subject to regulatory and other approvals. Terms of the…

Press Releases

Visteon Corporation today announced that it has entered into an agreement to sell its approximately 70 percent ownership interest in Halla Visteon Climate Control Corp. (HVCC) to an affiliate of Hahn & Company – a South Korea-based private equity company – and Hankook Tire Co. Ltd. for approximately $3.6 billion…

Press Releases

Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., is pleased to announce that it has acquired Texas Motors Ford. The Ford dealership generates approximately $140 million in revenues annually. The new dealership will be rebranded David McDavid Ford Fort Worth…

Press Releases

The semiconductor manufacturer Infineon Technologies AG and United Microelectronics Corporation , a leading global semiconductor foundry, today announced the extension of their manufacturing partnership into power semiconductors for automotive applications. Prior to this expanded partnership, the foundry had been producing Infineon’s logic chips for more than 15 years. Based on…