DETROIT, Mich.–ITT, according to investment research service Zacks, is on a list of “strong buy” stocks recommended by its proprietary rating system. In addition to a favorable Growth Score, it carries a top Zacks Rank. Research shows that stocks carrying…
Italy, 21 May 2019 – To better reflect its proven global technology leadership, ITT Fine Blanking has announced that it will be renamed as Novitek Fine Blanking. The change is effective immediately. Established in 1967, the company has a long…
AUSTRIA–ams, a leading worldwide supplier of high performance sensor solutions, announced it has signed an agreement to team with Ibeo Automotive Systems GmbH, the German specialist for automotive LiDAR sensor technology, and ZF Friedrichshafen AG, to advance solid-state LiDAR technology…
DETROIT, Mich.–The Trump administration’s decision Friday to put off tariffs on imported cars and parts for a minimum of six months will be good for auto and parts stocks, and shows a lack of appetite for putting cars into the…
US AVs Lapping Chinese in Beijing BEIJING, China–The autonomous Lincoln MKZ started turning left at a Beijing intersection when a speeding truck aggressively cut in front of it. Sensors in the car detected the approach and instantly froze it in…
DETROIT, Mich.–Honeywell CEO Darius Adamczyk says the company, an industrial conglomerate that makes wheels and brakes for aircraft among its businesses, says the company is ready to cope with the uncertainty of Donald Trump’s tit for tat tariff war with…
Kendrick Previously Served as President and General Manager of BorgWarner’s Turbo Systems Business Jason Luo Named Chairman of the Board of Directors Following Tenure as Interim President and CEO EVANSVILLE, Ind. – May 16, 2019 – The Board of Directors of…
May 2019 – Renowned brake brand, Mintex, has expanded its distribution network with the addition of new stockists based in Oxford, Cowley and Witney. Parts distributor, CR Marks Group, now stocks a full range of Mintex products including brake pads and…
ZHEJIANG, China–SORL Auto Parts, Inc., a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today its financial results for the first quarter ended March 31, 2019. Net sales for…
DETROIT, MICHIGAN (April 24, 2019) – Dr. Vladimir Klotchikhine, Senior Test Engineer at Greening Testing Laboratories, has been appointed as a 2020 technical editor for TLT Magazine, the publication for the Society of Tribologists and Lubrication Engineers (STLE). Dr. Klotchikhine…
NEW CASTLE, PA–From the Canfield Fair to Jurassic Park, the giants of the entertainment industry look to Velocity Magnetics Inc. for a very specialized product. The company specializes in permanent magnetic frictionless motion-control braking and launching systems made primarily for the amusement…
DETROIT, Mich.–The new tariffs imposed by the Trump White House that took effect at 12:01 a.m. Washington time Friday raise from 10 percent to 25 percent the duties on more than 5,700 different product categories from China — ranging from cooked vegetables…
DETROIT, Mich.–The Board of Directors (CA) of Randon Companies elected Daniel Randon as the company’s President/CEO, succeeding David Randon, who held the position since 2009, His nomination – made by the controlling shareholder – being therefore confirmed. Up to now,…
DETROIT, Mich. The prospect of even more tariffs on China from the Trump White House is a considerable headwind to American manufacturing, including the auto sector, but manufacturing as a whole still expects solid growth this year, according to an…
DETROIT, Mich.–In 2018, inventors from across Bendix (Bendix Commercial Vehicle Systems LLC and Bendix Spicer Foundation Brake LLC) made their own lasting impact by earning 52 U.S. patents, the most ever for the company in one year. Spurred by their…
TROY, Mich., May 8, 2019 – Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with an affiliate of The Carlyle Group, a global investment firm, under which Meritor will acquire AxleTech for approximately $175 million in cash,…
BARTLETT, IL–Winhere Brake Parts, Inc. announced the appointment of aftermarket industry veteran Russ Barker as its new Director of Sales. Prior to joining Winhere, Barker was the Director of Sales and Marketing for GB Remanufacturing. He brings over 26 years…
BERN, Switzerland, May 7, 2019 – WABCO Holdings Inc. (NYSE: WBC) announced today that it had established a record date of May 17, 2019, and a special meeting date of June 27, 2019, for a meeting of its stockholders to, among…
STEZZANO, Italy–Brembo S.p.A. said today that it named Daniele Schillaci to be the new CEO of the brake company, replacing Andrea Marescotti who announced he is leaving the brake firm effective June 30 to pursue other professional opportunities. Brembo’s Executive…
LEVERKUSEN, Germany–TMD Friction has restructured the sale and distribution of its Textar ABS sensors. The ABS sensors from TMD Friction’s European aftermarket central warehouse in Leverkusen-Hitdorf will immediately start shipping to Textar customers. This means that customers will receive even…
DETROIT, MICH.–Autonomous driving is coming. At what rate of arrival and development we can’t be sure. But automakers have dramatically pared back their r&d on internal combustion engines in favor of autonomous or self-driving vehicles. Before we see a lot…
AUBURN HILLS, Michigan–WABCO Holdings Inc. (NYSE: WBC), is taking its technologies on the road with its continuing series of demo days across the United States. WABCO Demo Days, which the company started more than two decades ago, allow customers to…
COLUMBUS, Ohio–Hexion Inc., a leading supplier of resins to friction companies, today announced that it has received final authorization from the U.S. Bankruptcy Court for the District of Delaware to access the full amount of its $700 million in committed…
STOCKHOLM, Sweden–Sweden’s Veoneer said on Monday it would seek up to $500 million in new capital to help the maker of electronic car products cope with a downturn in the vehicle market and fund new product development. Shares in the…
ZHEJIANG, China–SORL Auto Parts, Inc. (SORL) a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today that its Board of Directors has received a non-binding preliminary proposal letter, dated…