BRAKEDOWN – December 17, 2021

BRAKEDOWN: an ongoing collection of briefs from around the global braking industry

Fras-le North America received the Alabama Small Business of the Year Award for 51- 100 Employees. This award recognizes Alabama’s leading small businesses and the positive impacts they have on their local communities.

There are media reports Hyundai Metal has filed for bankruptcy and if the company’s reported plan for liquidation goes through, it will have an impact on the Korean automotive industry. Hyundai Metal supplies, amongst other parts, brake calipers to automakers Hyundai and Kia, as well as to General Motors and Damas. No further information as to Hyundai Metal’s future or the future of brake parts for its customers is available.

The BRAKE Report published its conference guide for 2022. This issue is part of the Ultimate Guide Series produced specifically for brake industry professionals and executives across the globe.

FISITA announced Early Bird Virtual Exhibition Packages are available until the end of Dec. for the upcoming EuroBrake conference.

Brembo approved a new corporate governance structure with Matteo Tiraboschi named Executive Chairman and Daniele Schillaci as CEO. Alberto Bombassei named Chairman Emeritus of Brembo S.p.A.

See previous BRAKEDOWN Posts HERE

About The BRAKE Report

The BRAKE Report is the voice of the brake industry. Founded in 2012 by Brian Hagman, it connects brake professionals around the world through the latest news, interviews, company profiles, and more. It is the go-to resource for brake industry executives and professionals around the world.

Through the website, newsletter, and social media, The Brake Report connects daily with thousands of brake industry executives and professionals located in over 100 countries — from C-level executives to highly engaged professionals in all functional areas, including sales, marketing, engineering, operations, product management, finance, and supply chain management.

The Brake Report
The Brake Report

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.