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…
DETROIT, Mich.–For aftermarket brake manufacturers, it’s hard to produce brake pads without relying on The Friction Material Standards Institute (FMSI). But as the non-profit has been around doing its work since 1948, there are a lot of upstart companies and…
WAUPACA, WI — Waupaca Foundry, Inc., a Hitachi Metals group company, announces it is opening a machining operation adjacent to its gray iron foundry located on the east side of Waupaca. The new Waupaca Foundry machining plant is located at…
TROY, Mich.–AxleTech, the world’s premier provider of off-highway and specialty vehicle drivetrain systems and components, announced the sale of its Electric Vehicle Systems division to Allison Transmission, effective immediately. The transaction consists exclusively of assets, intellectual property, products, and people…
STOCKHOLM, Sweden–Veoneer expects to gain from a commercial delay in self-driving cars, betting that rising demand for its radar and camera-based systems as the industry ramps up to autonomy will boost its market position Forecasts on when autonomous vehicles will…
ELYRIA, Ohio – When visiting a Bendix (Bendix Commercial Vehicle Systems LLC and Bendix Spicer Foundation Brake LLC) facility, you wouldn’t expect to see employees refashioning wood pallets and crates into coffee tables, wine racks, or patio furniture. But that’s exactly…
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…
MUNICH, Germany–Audi AG’s self-driving unit has chosen a lidar startup to partner with as it ramps up testing in Munich using a fleet of autonomous electric e-tron crossover vehicles. Audi subsidiary Autonomous Intelligent Driving, or AID, said Wednesday it’s using lidar…
STAUNTON, Va. – April 16, 2019 – Jim Zhang, founder, chairman and CEO of Friction One, has been inducted into the Federated Auto Parts Vendor Hall of Fame. The Federated Hall of Fame induction took place during the recent Automotive…
Silver Eagle Manufacturing Equips Bendix Air Disc Brakes and Valves on Specialized Wheeled Equipment ELYRIA, Ohio – April 15, 2019 – “We do a lot of fun and interesting things,” said President and Chairman Gary Gaussoin, describing Portland, Oregon-based Silver Eagle Manufacturing…