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.
Gary S. Vasilash
Transportation Editor, Gardner Business Media
13 Suppliers Take Home PACE Innovation Awards
Lightweighting applications to advanced communications and improved visibility
The Age of Restructuring
As technology disruption drastically changes the automotive landscape over the course of the next decade, nearly all automotive-related businesses will face major restructuring.
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.
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.
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.
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.
Gary S. Vasilash
Transportation Editor, Gardner Business Media
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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.
Delphi CEO Butterworth Departs
Liam Butterworth, who was appointed CEO of Delphi Technologies plc last December when the company was spun off from Delphi Automotive, is leaving the company.
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.
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.
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.
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.
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.
Gary S. Vasilash
Transportation Editor, Gardner Business Media
Tenneco Plans New Michigan Facility
Lake Forest, Ill.-based Tenneco Inc. plans to open a $23 million customer center in Northville Township, Mich.
FCA Honors Top N. American Suppliers
Fiat Chrysler Automobiles NV gave “Supplier of the Year” awards to 16 North American suppliers at a ceremony this week in Detroit.
EU Drops Exhaust System Supplier Probe
The European Union has closed an investigation launched three years ago into possible price fixing among suppliers of vehicle exhaust systems.
Tenneco Posts Record Revenue, Earnings
Tenneco Inc. increased its net income to a record $63 million in the first quarter from $57 million in the same period last year.
Tenneco Names Kesseler as CEO
Brian Kesseler, Tenneco Inc.’s chief operating officer for the past two years, will take over as CEO on May 17.
Driving Cleaner, Smoother & With No Hands
While there seems to be an inevitable drive toward powertrains that are powered by batteries or hydrogen, Tim Jackson is confident that the internal combustion engine has a long run ahead of it, and not just because the installed base is so massive.
Tenneco’s Digital Damper
Although dampers have historically been based on a fluid or gas, this being the 21st century, Tenneco (tenneco.com), which offers a variety of shock absorbers and struts through its Monroe brand (which, speaking of centuries, celebrated its centennial last year), has developed a digital damper, DRiV.
Eberspaecher’s Michigan Facility Wins New Exhaust System Business
Eberspaecher Group’s North American operations says it will add production of exhaust systems—including catalytic converters and mufflers—for 11 passenger cars and trucks over the next 18 months at its Wixom, Mich., facility.
Tenneco’s Net Income Jumps 24%
Tenneco Inc. reports its adjusted net income climbed to a record $67 million in the first quarter from $49 million in the same period last year.
Particulate Protection
Although this probably doesn’t look like much for many OEMs it is going to be absolutely critical for them by round about September 1, 2017, in Europe to meet the Euro 6c emissions regulations.
Exchange Rates Erode Tenneco’s Results
Tenneco Inc. reports its second-quarter revenue slipped 2% to $213 million, and net earnings fell 4% to $78 million.
New Jaguar XE Gets Stiffer Suspension
Tenneco Inc. is supplying high-pressure gas monotube shock absorbers for the all-new Jaguar XE sports sedan.