Press Releases
6 August 2019
Nexen Tire, a leading global tire manufacturer, will hold the official opening ceremony of its Europe Plant, located in Zatec, Czech Republic. In line with the opening ceremony of this new manufacturing plant, Nexen will boost its progress in the European market. To celebrate the inauguration of this new advanced facility, Petr Ocko , Czech Deputy Minister of Industry and Commerce, Travis Kang , Global Executive Director of Nexen Tire and Byung-Joong Kang , Chairman of the Board of
Read more...Continental Structural Plastics (CSP), a global leader in highly-engineered, composite vehicle components, announced today it has signed a definitive agreement to acquire the assets of the stamping operations of AMI, Manchester, Michigan. This acquisition includes AMI’s 90,000 square-foot headquarters and manufacturing facility in Manchester, Michigan. AMI handles a broad range metal stamping projects, as well as providing in-house engineering support, production welded parts
Read more...2 August 2019
Novelis Inc., the world leader in aluminum rolling and recycling, today announced the launch of Advanz™ 6HS-s650, a precisely engineered aluminum automotive body sheet product that exceeds industry standards for strength, lightweighting, formability, performance and structural integrity. It is the strongest 6xxx series product with a 15 to 25 percent in-service strength advantage over incumbent high strength aluminum alloys and exhibits excellent crash behavior and corrosion resistance.
Read more...1 August 2019
International Automotive Components (IAC Group), a leading global supplier of automotive components and systems, announced today it will increase its presence in Elmdon, U.K., by expanding its headliner manufacturing facility in the region. The facility is strategically located close to the production site of and will be solely used to service IAC Group’s longtime customer Jaguar Land Rover (JLR).IAC has experienced growth through supplying to multiple models of JLR’s MLA platform
Read more...Valvoline Inc. – a leading worldwide supplier of premium branded lubricants and automotive services – announced today its franchisee, Westco Lube, Inc., has acquired a quick-lube location that is now operating as a Valvoline Instant Oil ChangeSM (VIOC) service center in Topeka, Kansas. A core element of Valvoline's strategy is to accelerate the growth of its industry-leading quick-lube model, which is all about delivering a quick, easy and trusted experience for ever
Read more...30 July 2019
Bridgestone Americas, Inc. (Bridgestone) announced its premium tire lines have been specified as original equipment on the fourth-generation BMW X5 and the new BMW X7 luxury sports activity vehicles. Continuing its longstanding relationship with BMW, Bridgestone is supplying an assortment of tires in 15 different sizes and patterns from the company's Bridgestone Alenza and Bridgestone Blizzak tire lines. "The design and application of a tire plays an important role in ensur
Read more...27 July 2019
Today Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing their electric vehicle manufacturing joint venture in Zhenjiang, China, which marks another milestone of their continued cooperation. Executives from both companies and Zhenjiang government officials attended the celebration. The transaction, which is pending regulatory approval and other closing conditions, is expected to close in the fourth quarter of 2019. This joint ven
Read more...26 July 2019
Tint World® Automotive Styling Centers™, a leading auto accessory and window tinting franchise, announced today the opening of its second Canadian location in Mississauga under the ownership of local entrepreneurs Graham and Angie Kingma. This is the first of two store locations awarded to the Kingmas, which will serve the Mississauga, Oakville, Milton, Brampton, Etobicoke, Toronto and Vaughn areas. "Tint World's® branding, marketing power, and operational exc
Read more...25 July 2019
With a formal ceremony, Röchling Automotive has celebrated the opening of its new production plant in Ko?ovce in Slovakia close to Nové Mesto nad Váhom. With the new plant, the company serves the increased demand for its technologies while continuing to expand its storage and production capacities. The approximately 80 highly qualified employees at the site will soon be producing Active Grille Shutters, underbody panels, wheel arch liners and air filters for the global auto
Read more...After 35 years of automotive industry accomplishments, and close to five decades of racing milestones, Steve Saleen is only just getting started. The legendary racer-turned-automaker is celebrating the 35th anniversary of his founding of Saleen Automotive to announce “Vision 2020,” a major five-year expansion plan for the California company starting next year – which, thanks to pioneering new model launches and a global business partnership, will be the most eventf
Read more...23 July 2019
Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, today announced the acquisition of five Volkswagen franchises in the UK. This transaction includes four Volkswagen franchises and one Volkswagen Commercial Vehicle franchise located east of London in the county of Essex. This territory is contiguous with several other existing automotive dealerships currently owned and operated by Group 1 Automotive in the UK. Specifically, the acquired operations a
Read more...KW automotive, the suspension manufacturer, has already developed the first in the market full adjustable coilover suspension kit for the latest Toyota GR Supra (JTSC). With the KW Variant 3 coilover suspension, the Japanese sports car dynamics of lateral motion will improve without sacrificing tire comfort in daily life. On undulating asphalt surfaces, the KW suspension dampens harmoniously and prevents bumpy driving behavior. The pitch and roll movements of the bodywork are noticeably reduc
Read more...19 July 2019
Copart, Inc., a global online vehicle auction company today announced the opening of its new location in Buffalo, New York, the second largest city in the state. The Buffalo facility is the sixth in the state and will complement Copart's Rochester location in providing capacity for operations in the western part of New York. "Expanding our business to Buffalo is another step in creating a denser network of facilities in the state, allowing us to address the increasing deman
Read more...Genuine Parts Company announced today an acquisition for its European Automotive business. Alliance Automotive Group (AAG), the Company's wholly-owned automotive distribution company based in London, U.K., has entered into a definitive agreement to acquire Todd Group (Todd). The transaction is expected to close in the fourth quarter of 2019 and is contingent upon satisfaction of customary closing conditions and receipt of applicable regulatory approvals. Todd, based in
Read more...Valvoline Inc. – a leading worldwide supplier of premium branded lubricants and automotive services – announced today its franchisee, Metrolube Companies, has opened a new Valvoline Instant Oil ChangeSM (VIOC) service center in the northwest Arkansas metropolitan area. A core element of Valvoline's strategy is to accelerate the growth of its industry-leading quick-lube model, which is all about delivering a quick, easy and trusted experience for every customer, every
Read more...