Source: First Brands Group announcement CLEVELAND, Ohio – First Brands Group, LLC (formerly TRICO Group), a global auto-parts producer, today announced the acquisition of Brake Parts Inc. (BPI), which includes the Raybestos® line of brake parts, and Champion Laboratories Inc.,…
Source: Parts Authority announcement LAKE SUCCESS, NY – Parts Authority, one of the largest distributors of automotive and truck parts to the aftermarket auto parts industry throughout the United States, named Dan Lelchuk Senior Vice President of Business Development –…
Sourcee: Lambda (via Linkedin) ZUG, Switzerland – Lambda Investments, AG, a Swiss holding company, announced the acquisition of the AFT Group including COMEC, a producer of machine tools and equipment primarily intended for the reconditioning of brake components, clutch and…
Source: Trelleborg TRELLEBORG, Sweden – Trelleborg is implementing organizational changes with the aim of focusing the Group on selected segments and at the same time highlight areas where improvement in profitability must occur. The ambition is to continue to develop…
Source: Bendix ELYRIA, Ohio – Expanding steering-centered technologies to complement its robust braking and electronics portfolio, Bendix Commercial Vehicle Systems LLC is taking further steps toward more deeply integrated systems and capabilities, an integral part of the pathway to highly…
Source: Piston Group DETROIT — Piston Automotive, a subsidiary of the Piston Group formed by Detroit businessman and NBA legend Vinnie Johnson, announced the acquisition of Ohio-based Marion Industries, a Tier 1 assembler of brake modules for Honda of America. Marion Industries, established in…
Source: Crain’s Detroit Business Troy, Mich. – Manufacturer Meritor Inc. said this week that it has planned a global restructuring to cut labor costs because of anticipated declines in sales volumes for heavy trucks and trailers. The Troy-based company said in…
Source: Pagid United Kingdom – Pagid, the UK’s best-selling braking brand, and Euro Car Parts, the UK’s largest automotive aftermarket supplier, are helping UK garages and workshops make the most of one of the busiest ‘MOT seasons’ of recent years with…
Source: Fras-le Forqueta, Brazil – Fras-le ended the second quarter of 2019 in recovery, with good improvement in its indicators, especially in its operating margins, following the first quarter, which was challenging due to increased costs and higher taxes. Sales…
TRAVERSE CITY, Mich.–An estimated $44 billion in auto supplier mergers and acquisitions will close in 2019, continuing a trend of strong deal-making activity, according to PwC’s latest Global Automotive Supplier Consolidation Study, presented at the Center for Auto Research’s annual…
STOCKHOLM, Sweden–Swedish EV manufacturer NEVS and the Autonomous Vehicle start-up AutoX have entered into an exclusive strategic partnership to integrate AutoX ́s Autonomous Drive technology in NEVS’ next-generation vehicle architecture. The partnership is directed towards a target of deploying the…
YPSILANTI, MI – Swedish advanced driver-assistance systems supplier and autonomous-driving technology provider Veoneer, which is approaching the 1-year anniversary of its spin off from Tier One parts maker Autoliv, has designs on becoming the go-to player in its space and…
DETROIT, Mich.–Volkswagen is nearing a deal to cooperate with Ford on electric-car technology and self-driving vehicles, according to chief executive officer Herbert Diess, who also called for a faster transformation of the German manufacturer. The deal could also result in…
DETROIT, Mich.–APC Automotive Technologies, LLC (“APC” or the “Company”), a leading supplier of automotive, light truck and heavy-duty replacement parts, has announced the appointment of Tribby Warfield as its Chief Executive Officer. At the same time, the company named James…
PHILADELPHIA, PA–MSA Safety Inc. has snapped up Wabtec Corp.’s director of corporate development as the Cranberry-based developer and supplier of safety products accelerates acquisitions. Christopher Hepler, responsible for the rail manufacturer’s global M&A activities since 2015, is now MSA’s executive…
DRESDEN, Germany–After the participation in the Brazilian edition of one of the main events of the braking industry in the world, the 14th SAE Brazil International Colloquium of Brakes & Engineering – Motion Control, Fras-le executives linked to research, development…
DETROIT, Mich.–Tenneco Inc. (TEN-NYSE) reported first-quarter 2019 results, with adjusted earnings per share of 52 cents, missing the Zacks Consensus Estimate of 94 cents by a wide margin. Also, the company’s bottom line declined from the prior-year quarter figure of $1.62.…
STEZZANO, Italy (Reuters) – Shareholders in Brembo approved on Thursday a loyalty share scheme which would allow the family that owns the Italian premium brake maker to retain control as the company looks to expand through acquisitions. Under the new…
Company currently reaches 126 countries and grows with acquisitions Fras-le turned 65 on February 22nd 2019, celebrating one of the periods of largest international expansion in its history, notably in the last two years, with seven new operations in Brazil…
DAPHNE, AL – March 11, 2019 – BBB Industries, LLC has made significant changes to its senior leadership team, naming Michael Hansen as EVP & Chief Financial Officer and Ross Bratlee as EVP & Chief Transformation Officer, it was announced today…
German newspaper Handelsblatt is reporting that ZF may be preparing a bid for WABCO. According to the site: “Wabco is the only brake manufacturer left. The interest is great, “says an insider. The topic had already been discussed in the supervisory bodies…
LAS VEGAS – Jan. 30, 2019 – Today at Heavy Duty Aftermarket Week, Fras-le North America announced changes to its hydraulic product offering for commercial vehicles, as well as the launch of a copper-free air disc brake pad line called GRN…
EVANSVILLE, Ind. – January 7, 2019 – The Board of Directors of Accuride Corporation – a leading supplier of wheel end systems to the global commercial vehicle industry – today announced that it has appointed Jason Luo to serve as…
Dan Milot works for ZF, where he is Senior VP Brake Engineering; Active Safety Division. Earlier this year he spoke with The BRAKE Report about ZF’s Integrated Brake Control (IBC). In this Q&A he discusses his responsibilities and leadership philosophy.…
The BRAKE Report spoke to Sergio Carvalho, the CEO of Fras-le, about the company and its recent expansion. At the time of the conversation, Carvalho was in Alabama, where Fras-le has a facility in Prattville. Fras-le’s recent growth was capped…