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Ford, Nissan, Toyota penalised for unfair trade practices in spare parts

While pronouncing its oral order, Compat said these automakers have been penalised 2% of their turnover in the spare parts market. And what's more, the Compat has also given directions to create a level playing field in after sales service.
Posted: December 10, 2016, 9:07 am
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Schaeffler appoints Leigh Hopkins as Industrial Sales Director UK & Ireland

In his new role as Industrial Sales Director, Leigh is responsible for all UK industrial direct sales to OEMs and MRO (Maintenance, Repair and Operations) customers.
Posted: December 9, 2016, 6:30 pm
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Sasken targets 247% jump in revenue in 5 years to $250 million

The Indian product engineering firm is betting on automotive, industrial, retail, semiconductor and emerging devices, to bring home more revenue and is ready with a roadmap to achieve this.
Posted: December 9, 2016, 3:51 pm
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We won't have double digit growth by the end of the year: Ajith Kumar Rai, CMD, Suprajit Engineering

I have said this before that we will not have a double digit automotive growth, it has been so till October, I think about 11-12% growth, by the end of the year we will probably be in that 8-9% kind of a growth.
Posted: December 9, 2016, 2:07 pm
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Uttarakhand HC stays Centre's order to close Hindustan Machine Tools factory

The factory had been ordered to be closed through a direction issued on November 17 by the Union ministry of heavy industries and public enterprises.
Posted: December 9, 2016, 1:38 pm
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Tesla Motors to get semiconductors from Samsung Electronics

Samsung would contract manufacture chips for self-driving features in Tesla vehicles, the paper reported, without putting a value on the order.
Posted: December 9, 2016, 11:45 am
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Bharat Forge stocks likely to revive on back of improved overseas demand

In November, orders of Class 8 trucks -a benchmark of truck orders in North America -grew by 19% to 19,500 units, the first increase since May 2015.
Posted: December 9, 2016, 8:53 am
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ZF seeks $1 billion from Body Control Systems sale

The Body Control Systems unit makes electronic parts for the vehicle command and control such as switches, heating and air conditioning controls and displays, integrated electronic centre panels and modular steering column controls.
Posted: December 8, 2016, 12:47 pm
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SKF conducts raids for counterfeit bearings in China

The raids, which were led by Chinese police, resulted in the seizure of counterfeit bearings which may otherwise have been sold to industrial customers and end-users.
Posted: December 6, 2016, 3:20 pm
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Continental provides HD displays for Mercedes-Benz E-Class

As a central element of the vehicle interior, the Mercedes-Benz E-Class Dual Display combines two screens in one module and enables the driver to receive information intuitively.
Posted: December 6, 2016, 2:27 pm
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