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Yokohama Rubber to invest $125 million in the Philippines and Russia to expand production


Yokohama Rubber announced it will spend about $125 million through 2015 to increase output at its tire plants in the Philippines and Russia. The Japanese tiremaker will invest $118 million through 2015 at a plant about 40 miles from Manila, Philippines, operated by Yokohama Tire Philippines. The plant's capacity will rise by 25 percent to 12.5 million passenger and light truck ...
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Johnson Controls opens two Serbia plants to support Fiat 500L production
Auto parts manufacturer Johnson Controls has opened a new seat plant in Kragujevac, Serbia, to supply Fiat's nearby facility with seats for the 500L compact MPV. The new 70,000-square-foot plant will ...
Wanxiang Group granted approval to buy A123 Systems
China's largest auto parts manufacturer won U.S. government approval to buy A123 Systems, a bankrupt maker of electric car batteries that was funded with federal money. According to a source familiar ...
Report: Goodyear to close plant in northern France
Tyre maker Goodyear is preparing to shut down a French plant that employs 1,250 workers near the northern city of Amiens. According to a French government official quoted by French newspaper ...
Denso planning to add 400 jobs in Michigan
Japanese auto supplier Denso is considering a plan to hire 400 new workers at its plant in Battle Creek and at its U.S. headquarters in Southfield. The $150 million investment is ...
PSA Peugeot Citroen shares rise on rumours about Faurecia sale
PSA Peugeot Citroen shares rose sharply on Monday on rumours the automaker could sell its Faurecia auto parts maker to reduce debt. Peugeot shares rose as much as 13 percent after ...
Continental granted license to test its autonomous cars in Nevada
Auto parts supplier Continental today received approval from the Nevada Department of Motor Vehicles (DMV) to test autonomous vehicles on the state’s public roads. It is the first license granted by ...
Johnson Controls plans 10 new seating plants in China
Johnson Controls has announced plans to build 10 more auto seating plants in China within five years as part of the company's strategy to continue its growth in the world's ...
Marchionne: Fiat may sell Magneti Marelli to buy remaining Chrysler shares
Fiat may sell its components unit Magneti Marelli to obtain additional cash it needs to acquire more of Chrysler Group, CEO Sergio Marchionne announced. The CEO of both Fiat and Chrysler ...
Pirelli to invest €105 million by 2017 to expand production in Romania
Pirelli will invest 105 million euros in Romania within the next five years, the Italian company today announced. From 2013 to 2017, Pirelli will spend 105 million euros to expand production ...

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