Press Releases

Press Releases

Fiat Chrysler Automobiles announced today the completion of the sale by intermediaries on behalf of FCA shareholders that did not timely make arrangements to receive ordinary shares in RCS MediaGroup S.p.A. ("RCS") to which they would otherwise be entitled in the distribution.  As previously announced, the RCS ordinary shares distributed…

Press Releases

Cemtrex Inc., a world leading industrial and manufacturing solutions company, announced today that it has entered into an agreement to acquire all the assets of an electronics manufacturing company located in northern Germany ("Target"). The Target is a company focused on electronic manufacturing services primarily for the major German automotive…

Press Releases

General Motors Co. today announced the execution of an unsecured $14.5 billion revolving credit facility consisting of a $10.5 billion five-year facility and a $4.0 billion three-year facility.  The facility amends and extends GM's existing $12.5 billion revolving credit facility. "We believe this larger revolver, along with our $20 billion…

Press Releases

A new-generation Harley-Davidson® flat-track motorcycle is ready to race. The Harley-Davidson® Screamin' Eagle® Factory Team is unleashing the XG750R, its first all-new flat track race bike in 44 years, to battle in fierce, adrenaline-filled competition on dirt ovals across the U.S. The XG750R will make its official competition debut Sunday,…

Press Releases

Multek, a leading provider of interconnect solutions, today launched its new Zhuhai automotive division in response to its rapidly growing automotive business. The Company also announced completion of ISO/TS16949:2009 quality accreditation for its high layer count factory, and now delivers TS16949-grade automotive offerings at all of its manufacturing facilities globally.…

Press Releases

An expansive and strategically located parcel of vacant land on Detroit's eastside – primed and promoted as among the centerpieces of the state's automotive industry resurgence – will gain a major new tenant in the ongoing campaign to attract manufacturing jobs to the city, Gov. Rick Snyder and Mayor Mike…

Press Releases

Thermal Dynamics International, a major supplier of heat exchangers for the automotive, heavy truck and off-highway industries, has been acquired by Zhejiang Yinlun Machinery Co. Ltd., Tiantai, Zhejiang, China. Thermal Dynamics manufactures a full range of water- and air-cooled heat exchangers, aluminum radiators and charge air coolers as well as…

Press Releases

Lear Corporation, a leading global supplier of automotive seating and electrical systems, today announced that it was recognized by Ford Motor Company as Supplier Diversity Development Corporation of the Year for 2015. Lear received the award from Ford at their 18th annual World Excellence Awards ceremony held in Dearborn, Michigan. …

Press Releases

New diesel technology will be part of a $23.6 million zero-emission transportation test program in California for emerging commercial vehicle technologies designed to reduce greenhouse gases, smog, and petroleum usage in ports and rail yards along busy freight corridors. The California Air Resources Board awarded the $23.6 million to the…

Press Releases

One Detroit Credit Union plans to expand an Auto Bailout Program that refinances existing high-interest auto loans and already has saved more than $2 million for its members. In the current round, which started just over a year ago, the credit union refinanced more than 300 loans with an original…