#TENNECO

Propulsion

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.

Business

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.

Production

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.

Propulsion

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.

Business

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.

Propulsion

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.

Business

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.

Business

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.

Interiors & Electronics

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.

Production

Tenneco Plans New Michigan Facility

Lake Forest, Ill.-based Tenneco Inc. plans to open a $23 million customer center in Northville Township, Mich.

Business

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.

Legal

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.

Business

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.

Batteries

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

Restructuring Costs Trim Tenneco Earnings

Tenneco Inc. says $46 million in restructuring, pension and refinancing costs reduced its net earnings in the fourth quarter of 2014 to $21 million from $54 million in the same period a year earlier.

Propulsion

JCI Exec Kesseler Named COO at Tenneco

Tenneco Inc. has chosen Brian Kesseler, currently president of Johnson Controls Inc.'s Power Solutions starter-battery division, to become its chief operating officer, effective Jan. 12.