GM Supplier of the Year Awards

SKF, Nidec, Bosch, FANUC, Schaeffler among 116 recipients General Motors recognized the “most innovative partners” of its supply chain during a virtual ceremony to celebrate the automotive giant’s annual Supplier of the Year awards on June 24. Recipients of the GM Supplier of the Year award included 116 suppliers from 15 countries, with 13 first-time […]

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Brand Name Chargers

ABB’s electric vehicle kits will be up against the best of competition at Hannover Messe Provided this year’s Hannover Messe fair proceeds as newly scheduled, there should be an excellent selection of new gadgets to peruse, as usual. Just in case the coronavirus cancels plans, however, here’s some sneak previews. The innovation-packed trade fair, which […]

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M&A: Metal & Automotive

AZZ, Bosch, and Terzo round out an M&A update AZZ wins bid for Lectrus assets, including facility in Chattanooga. Fort Worth-based AZZ Inc., the metal coatings services company with over 70 years of industry experience, announced March 23 that it has completed the purchase of certain assets of Lectrus Corporation, according to a joint press release. The Chattanooga, […]

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Bosch Sells Unit

Bosch sells motors and generators unit to China; announces earnings Speculation and rumor. They even permeate the world of motors and generators…at least when it comes to multi-million dollar business deals. Just over a month ago, Motherson Sumi’s billionaire owner Vivek Chaand Sehgal hinted during an interview that he was considering a purchase of Bosch’s motors […]

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Motherson Connection?

Supposed bid for Bosch’s mo/gen division: $600m Motherson Sumi, the multinational auto components company based in India, could be continuing a spree of acquisitions. The company is reportedly mulling a $600 million purchase of Bosch’s starter motors and generators unit. Billionaire owner Vivek Chaand Sehgal—who set a revenue target of $18 billion for Motherson Sumi by 2020—would […]

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