Materials & Lightweighting

13 Suppliers Take Home PACE Innovation Awards

Lightweighting applications to advanced communications and improved visibility
#Chevrolet #GeneralMotors #Jaguar


Tenneco Powertrain Nabs 2 PACE Innovation Awards

The winners of this year’s PACE Awards (Premier Automotive Suppliers’ Contribution to Excellence) for innovation consisted of 13 suppliers from around the world.
#Dana #Aptiv #tech


Tenneco/Federal-Mogul Spinoff to be Named “Driv”

The spinoff company resulting from Tenneco Inc.’s acquisition of Federal-Mogul Corp. last year will be called Driv Inc.
#Tenneco #FederalMogul

Tenneco to Spin Off DRiV

DRiV is the name of the company that is being spun off from Tenneco later this year, a consequence of Tenneco’s acquisition of Federal-Mogul last year.
#Tenneco #supplier #FederalMogul


PwC Says 2018 a Big Year for Big Deals

According to a new study of deals in the auto industry in 2018—as in acquisitions—conducted by PwC, even though the deal volume (903 for the year) was flat compared with 2017, the total deal value—$97.5-billion—was up 101 percent compared to 2017, in large part because nearly all of the acquirers “were focused on product expansion (buyers better positioning themselves for the vehicles of the future) or driving economies of scale.” Of the deals, there were what PwC describes as “mega-deals,” which were valued at $5-billion and over.
#GKN #JohnsonControls #Tenneco


What’s Behind the Auto Supplier Mega Mergers?

Intel and similar companies know they have the opportunity to claim a whole new level of relevance in the automotive market, as software and automation claims a greater share of the future automobile.
#Qualcomm #Harman #GKN


Tenneco to Close 2 N. American Plants

Lake Forrest, Ill.-based Tenneco Inc. plans to close its manufacturing facilities Georgia and Ontario by the second quarter of 2020.
#Tenneco #facilities #FederalMogul


The On-Going Relevance of the Internal Combustion Engine

One day the world’s roads may be filled with vehicles that emit just a hum from their motors. But in the meantime, there are all of those vehicles being built with engines that have exhausts that need to have their emissions minimized and their sounds optimized. Which is what Tenneco’s Ben Patel is focusing on.
#HP #Tenneco #Volvo


Tenneco Shareholders Approve Federal-Mogul Acquisition

Tenneco Inc.’s shareholders have approved by a margin of more than 90% the company’s $5.4 billion deal to acquire Federal Mogul LLC. The purchase was announced in April.
#Dana #Tenneco #FederalMogul


Tenneco Names CEOs for Spinoff Companies

Tenneco Inc. has named CEOs to lead the company’s powertrain unit and aftermarket and rider performance business when the two operations spin off as independent companies next year.
#Dana #Tenneco #people


OldCo. and NewCo.: Which Are You?

Traditional auto suppliers should start developing their strategy today or run the risk of quickly running out of options.
#Aptiv #Delphi #Tenneco

IAC Names Rea as Interim CEO

International Automotive Components Group LLC has named investor Natale Rea as its president and interim CEO, effective immediately.
#people #Chrysler #Delphi


Tenneco Buys Federal-Mogul in $5.4 Billion Deal

Auto parts supplier Tenneco Inc. has agreed to buy Southfield, Mich.-based Federal-Mogul Corp. in a purchase worth $5.4 billion.
#Tenneco #FederalMogul


Federal-Mogul, Dong Feng Form Piston JV in China

Federal-Mogul LLC’s powertrain operations is forming a joint venture with Dong Feng Motor Corp.’s Parts and Components Group subsidiary to produce pistons in Shiyan, China.
#asia #FederalMogul


Federal-Mogul Buys U.K. Electric Powertrain Specialist

Federal-Mogul Corp.’s powertrain unit has completed its acquisition of Controlled Power Technologies Ltd. (CPT), a U.K.-based maker of electric motors and powertrain systems.
#europe #FederalMogul


Federal-Mogul Adapts Heavy-Duty Valve Tech to Cars

Federal-Mogul LLC is introducing a smaller version of its Rotocap valve rotator, which currently is limited to commercial trucks, for passenger vehicles with low-revving, four-valve-per-cylinder engines.


Icahn Buys Precision Auto Care

Investor Carl Icahn has agreed to acquire Leesburg, Va.-based Precision Auto Care Inc. and its Precision Tune Auto Care independent service and repair centers.

Federal-Mogul Names New Co-CEO

Federal-Mogul Holdings LLC has named Bradley Norton as co-CEO and CEO of the company’s parts division, effective March 8.
#people #FederalMogul


Advancing Manufacturing Tech—with Friction

As manufacturers are looking for process changes, friction welding can provide a great opportunity in production.
#Carbon #FederalMogul


Icahn Cinches Federal-Mogul Buyout

Investor Carl Icahn, who already owned 87% of supplier Federal-Mogul Corp., finalized a $300 million bid today to buy the publicly traded company outright.