General Automotivea, a provider of aftermarket parts and technology to automotive industry in North America, has signed an agreement to acquire privately-held SPEC. The transaction is expected to position it as an organization which capitalizes on both organic growth and inorganic strategic acquisition.
The Volvo Group (Volvo) has reported it's operations for the fourth quarter of 2009. The substantial costs in connection with its effort to adjust cost structure to a lower level of demand, has contributed to an operating loss of slightly around SEK2bn in the quarter.
Renault, a French automaker producing cars, vans, buses, tractors, and trucks, has renewed the new Mégane family with the introduction of its line-up's sixth body type, Mégane Coupé-Cabriolet.
Remy International has unveiled a new business unit, Remy Electric Motor Technologies, which will accelerate its efforts to provide high-output electric drive motors for electric and hybrid-electric vehicles and equipment.
Mercedes-Benz has reported an increase in it's global sales in January 2010. During the year, a total of 67,000 passenger cars were delivered to customers, an increase of 24% compared to previous year (2009: 53,900 vehicles).
Volvo Bus, a global manufacturer of buses and coaches, has secured an order for 323 coaches from IAMSA in Mexico, to be delivered in 2010. The company opines that Mexico is a large country with poorly developed rail traffic, and coaches are an important means of transport for long journeys. For Volvo Buses, Mexico is one of the largest global markets.
Cummins has extended its multiyear agreement with Chrysler Group. Cummins will supply 6.7-liter Turbo Diesel engines for Ram Heavy Duty pickups and Chassis Cab trucks, while continuing to grow its partnership with Chrysler.
Intelligent Energy, a clean power systems company, and the Suzuki Motor have jointly unveiled the Suzuki Burgman Fuel Cell Scooter in London’s Living Room, City Hall, London.
Mahindra & Mahindra (M&M), an Indian utility vehicle manufacturer, has joined The Association of International Automobile Manufacturers (AIAM). The company views this membership in AIAM as an important step toward its entry in the American market later this year.
Core Molding Technologies (Core) has signed an addendum to its Comprehensive Supply Agreement with Navistar. In accordance with this addendum, Core has agreed to shift production of certain products from its Columbus, Ohio facility to its Matamoros, Mexico facility.
Tesla Motors has announced the production of new right-hand-drive version of its Roadster sports car, a highway-capable electric vehicle for sale globally.
