Magna sells FP&C business to South Korea’s Hanon Systems for $1.23B
Powertrain unit will focus on transmission and other driveline-related systems.
Magna deal with Huaya Automotive powers NEVs in China
Joint venture to produce electric-drive powertrain for a German automaker.
Toyota investing $374M at five of its US factories to support hybrid powertrain
Part of a previously announced $10 billion in US spending announced by the Japanese automaker.
Magna to supply AWD system on Mercedes-Benz GLA
System reduces drag to lower CO2 emissions.
Linamar rides record revenues to big Q1 profit increase
Revenues surpass $1 billion, a 23.2% increase over the same period in 2013.
Inside GM’s huge investments in five US facilities
$1.3 billion investment brings automaker’s total spending on US manufacturing plants to $2.8 billion in 2013.
AirBoss acquires Flexible Products for $51M
Newmarket manufacturer adds anti-vibration technology to its product line.
Azure Dynamics to sell patent portfolio under CCAA process
Produces hybrid components, powertrain systems for commercial vehicles
TM4 partners with China’s Prestolite to electrify Asian market
Hydro-Quebec subsidiary was recently awarded $3.1 million to develop electric powertrains.
Nissan, Mercedes team for North American engine production
New agreement marks the first time in its history that Mercedes vehicles will contain components made on North American soil.
Ford, Toyota collaborate on new hybrid system
Ford Motor Co. and Toyota Motor Corp. are going 50-50 on the joint development of a new hybrid system for light truck and SUVs.