Month: September 2018

  • Clearlake Capital Group To Acquire Unifrax From American Securities

    American Securities LLC and Clearlake Capital Group, L.P. announced that Clearlake has partnered with management and signed a definitive agreement to acquire ASP Unifrax Holdings, Inc. from affiliates of American Securities. Unifrax is a leading global supplier of high-performance specialty fibers and inorganic materials used in emission control, thermal management,…

  • Bocar Plant Expected to be Completed Next September

    The day after Bocar US began marketing future job opportunities to Calhoun Community College students, an executive with the automotive parts supplier said its advanced manufacturing plant in Limestone County should be finished by early next September. “The groundwork is being completed right now, and construction will start immediately afterward,” Justin…

  • Summary ToggleSpartan Emergency Response Extends Multiyear Contract With Calgary Fire Department

    Spartan Emergency Response (“Spartan” or “Spartan ER”), a business unit of Spartan Motors, Inc. (NASDAQ: SPAR), has announced its longtime customer, Calgary Fire Department, has purchased five new Spartan pumpers, as part of an expanding long-term contract. Spartan pumpers coupled with industry-leading Spartan Advanced Protection System® (APS), which includes, Spartan 360® camera, side-impact airbag…

  • BorgWarner Reaches Three-year Strategic Cooperation Agreement with WM Motor

    BorgWarner entered into a three-year strategic cooperation agreement with Chinese auto manufacturer, WM Motor. The two parties will cooperate in the establishment of transportation models for tomorrow’s smart city. BorgWarner will provide a full range of advanced electric propulsion technologies and efficient electrical application systems, including its high-performance electric drive…

  • HARMAN Opens First Experience Store in Europe Creating a Unique Space Where Speed Meets Sound

    HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced the opening of its first Experience Store in Europe. Located at Sendlinger Straße 46, in the heart of Munich’s popular central retail shopping district, the new location is…

  • AT&T and HARMAN Launch Advanced Connected Car Device

    Starting this week, you can turn just about any car into a state-of-the-art connected car. And you don’t need to upgrade to a new vehicle to hit the road with the latest technology. HARMAN Spark[i] is exclusively offered by AT&T* for $79.99. Rate plans start at just $5 per month for plans…

  • Expansion of Production Capacity

    China made the biggest technological leap and built a new, fully automated forging line in record time – the largest ever in the entire Raufoss Group. It consists of 11 robots, three industrial furnaces and three hydraulic presses with a maximum pressing force of 3,500 tons. Since July 2017, we…

  • Liebherr-Aerospace To Supply Main Gear Steering Equipment For Boeing’s 777 And 777X

    Relying on its unrivalled experience in landing gear systems, Liebherr-Aerospace will design and manufacture the main gear steering control unit, as well as the nose gear steering position transducer. Boeing’s 777 and 777X aircraft utilize a steered aft axle on each of the main gears to minimize turning radius and…

  • Oshkosh (OSK) Upgraded By ValuEngine To Sell

    ValuEngine upgraded shares of Oshkosh (NYSE:OSK)from a strong sell rating to a sell rating in a research note released on Thursday, September 13th. Several other research analysts have also recently issued reports on OSK. Royal Bank of Canada restated a buy rating and issued a $98.00 price objective on shares of Oshkosh…

  • Braidy Industries Launches Common Stock Offering

    ASHLAND, Ky.–(BUSINESS WIRE)–Braidy Industries, Inc. (“Braidy”) announced today that it has commenced a common stock offering to raise up to $400 million. The offering is primarily directed at institutional investors, but a portion of the offering has been reserved for Main Street investors under the SEC’s CF rules adopted under…

  • Global Vehicle Manufacturers Choose BorgWarner’s Heater Product Line for New Electric Vehicles

    BorgWarner, a global leader in technology solutions for combustion, hybrid and electric vehicles, has entered into two high volume contracts. The company plans to supply its advanced High-voltage Coolant Heater to one of the leading European automakers and to one of Asia’s major vehicle manufacturers, with start of production expected…

  • Australia’s Largest Rail Freight Operator Aurizon To Roll Out Trimble Remote Diagnostics And In-Service Planning And Performance Management Solutions

    Trimble (NASDAQ: TRMB) announced today that Australia’s largest rail freight operator Aurizon will deploy the Trimble® R2M remote diagnostic system and the Trimble P2M planning and performance management system. In addition, Aurizon and Trimble are working together to pilot innovative solutions for enhanced infrastructure and rolling stock monitoring, data analytics…

  • Braidy Industries Acquires Aluminum Technology Leader NanoAl

    Braidy Industries, Inc, has acquired NanoAl LLC (NanoAl), a world leader in the science of nanocrystalline strengthening technology applied to sheet aluminum, as a third wholly-owned subsidiary. NanoAl will join the Braidy Atlas aluminum rolling mill and Veloxint in the Braidy Industries company portfolio of holdings. NanoAl was founded out…

  • Hydro Takes Final Build Decision on Husnes Line

    Hydro has made a final build decision to invest NOK 1.4 billion at the aluminium plant in Husnes, Norway, to upgrade and start-up the plant’s second production line, which will double the plant’s aluminium production and create 90 more jobs. Aluminium plant at Husnes, Norway. (Photo: Hydro/Aerophoto) Since the investment…

  • Sabic Showcases Elastomer Products for the Tire and Automotive Sectors at Rubbertech China 2018

    SABIC, a global leader in diversified chemicals, is showcasing its portfolio of elastomer products at RubberTech China 2018 in response to ever-changing technology trends and increased demand from China’s tire and automotive industries. SABIC’s first-time presence at this major trade fair for China’s rubber industry, which opened today in Shanghai,…

  • IAA 2018: ZF Makes Logistics Cleaner And More Autonomous

    Autonomous driving and connectivity simplify logistics processes – from the depot to package delivery Revolution along the “last mile” – ZF is developing an autonomous electric delivery vehicle ZF intends to invest more than € 12 billion in the areas of e-mobility and autonomous driving in the next five years…

  • AGCO Launches AGCO Agriculture Foundation

    AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and solutions, today announced the launch of the AGCO Agriculture Foundation. “The AGCO Agriculture Foundation is a testament to our commitment to support farmers feeding the world. Our objective is to support non-profit initiatives that…

  • Berg Insight Names Verizon Connect The Global Leader In Fleet Management Solutions

    Verizon Connect has been identified as the leading provider of fleet management solutions globally and in the Americas, according to the Fleet Management in the Americas – 8th Edition report from analyst firm Berg Insight. Fleet management solutions are defined as vehicle-based systems that incorporate data logging, satellite positioning and data communications to…

  • New Driveline Technology And Digital Solutions: ZF At InnoTrans 2018

    An AI-based safety feature, a newly revised transmission, electric drive solutions and digital perspectives for better predictive maintenance: At the InnoTrans 2018, ZF once again proves its technological expertise for rail vehicles and buses. https://press.zf.com/site/press/en_de/microsites/press/list/release/kit_44800.html

  • Trimble Adds Galileo And BeiDou To Its VRS Now Service In North America

    Trimble (NASDAQ: TRMB) announced today that Galileo and BeiDou observation data is now included with Trimble VRS Now™ subscriptions in North America. Powered by the Trimble Pivot™ Platform GNSS Real-Time Network software, Trimble VRS Now in North America fully supports GPS, GLONASS, QZSS and now, Galileo and BeiDou satellite systems.…

  • BorgWarner To Supply P2 On-axis Hybrid Modules to Two Leading Chinese Automakers

    orgWarner has been selected to supply its state-of-the-art on-axis P2 drive module and electro-hydraulic control unit for hybrid-electric vehicles to two leading Chinese original equipment manufacturers (OEMs). BorgWarner was chosen as the supplier for these high-volume programs based on the technological advantages their P2 modules deliver including: the  cost-effective power…

  • Holding Graz Relies On Service Expertise Of Liebherr-Transportation Systems

    Liebherr-Transportation Systems has received a contract from the buses and trams division of the Graz municipal services provider ‘Holding Graz – Kommunale Dienstleistungen Graz Linien (Austria)’ to provide technical customer service for the air conditioning systems in 45 three- to seven-part Variobahn low-floor trams from Stadler. Qualified Liebherr service engineers…

  • CATERPILLAR MOBILIZES TO HELP IN A HURRICANE

    Caterpillar teams have been responding to Hurricane Florence. At our locations in the high-risk areas, our emergency response teams are preparing the facilities. Many of the facilities will be closed temporarily to ensure employee safety and to enable employees to prepare their own homes and neighborhoods. Also, we are in…

  • Racing to the Future: Magna Joins BMW i Andretti Motorsport Formula E Team

    Cities around the world increasingly recognize the significance of autonomy, electrification and mobility services to the future of how people live, work and move around in urban centers.  As part of Magna’s commitment to helping shape future mobility, the company announced today it will join BMW i Andretti Motorsport as…