#THYSSENKRUPP

Steel

Thyssenkrupp Accelerates Restructuring

New job cuts boosts total layoffs to 11,000, decision on steel unit due next spring

Business

Thyssenkrupp Plans to Restructure

German industrial giant Thyssenkrupp AG confirms it plans a major reorganization that could include selling part of its automotive components unit.

Plastics

Plastic Omnium Shuffles Management Team

France’s Plastic Omnium SA is reorganizing its management team to bring in younger leaders to help prepare the company for long-term growth.

Daimler Names New Chief Financial Officer

Daimler AG has appointed Harald Wilhelm to its management board as its chief financial officer, effective April 1.

Report: Daimler CFO Uebber Headed for Thyssenkrupp Chairmanship

Bodo Uebber is likely to end his 14-year-long job as chief financial officer for Daimler AG this month to become chairman of industrial giant Thyssenkrupp AG, sources tell Reuters.

Business

Hydrogen Consortium Adds 14 Members

The Hydrogen Council—a global coalition aimed at advancing and promoting hydrogen technologies, standards and policies—is adding 14 members.

Durrer Appointed CEO of Joyson Safety Systems

Joyson Safety Systems Inc., the new owner of Takata Corp.’s airbag operations, has named Guido Durrer as its CEO, effective immediately.

Propulsion

ZF Names Former Audi Chief Paefgen as Chairman

Electronics and powertrain supplier ZF Friedrichshafen AG has named Franz-Josef Paefgen as chairman of its supervisory board, effective at year-end.

Machining

Martinrea to Expand R&D in Michigan

Martinrea International Inc., a Toronto-based metal forming and fluid systems parts supplier, is building a technical center in Auburn Hills, Mich.

Electronics

ThyssenKrupp Plans New Factory in Hungary

ThyssenKrupp AG says it will invest €100 million ($110 million) to erect a new plant in Hungary to make electronic steering and camshaft assemblies.

Partners Tout Lightweight Wheel Technology

ThyssenKrupp AG's Carbon Components unit and Iochpe-Maxion SA's Maxion Wheels business have inked a new cooperative agreement to develop and market lightweight wheels.

Business

ThyssenKrupp Expands in N. America

ThyssenKrupp AG says it will invest €800 million ($868 million) in North America by 2020 to meet an expected 12% hike in production in the region.

Business

ThyssenKrupp to Shed Axle-Making Unit

ThyssenKrupp AG plans to sell its automotive axle-making business, sources tell Reuters.

Business

Supplier Price-Fixing Probe Spreads to Steelmakers

German steelmaker ThyssenKrupp AG says the country's anti-trust authorities raided its offices on Thursday.

Regulations

Regulators Raid ThyssenKrupp Offices

Essen-based steelmaker ThyssenKrupp AG says German anti-trust authorities raided its offices on Thursday.

Sogefi Ends Negotiation to Buy ThyssenKrupp Unit

Italian auto supplier Sogefi SpA tells Reuters it has broken off talks with ThyssenKrupp AG about buying the German steelmaker's vehicle suspension business.

Steel

ThyssenKrupp to Sell Auto Steel Unit to Chinese Company

China's Wuhan Iron and Steel Co. has agreed to buy ThyssenKrupp AG's Tailored Blanks business for an undisclosed price.

A Brief History of smart: Production Car As Fashion Statement

One of the great industrial comeback stories is that of the Swiss watch industry.