(IN BRIEF) Continental plans to spin off its Automotive group sector by the end of 2025, with preparations to be completed by the third quarter of 2025. The move is subject to approval from the Supervisory Board in March 2025 … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Automotive Sector, Continental, Nikolai Setzer, Philipp von Hirschheydt
(IN BRIEF) BASF and Mercedes-Benz have been awarded second place in the “Enabler Technology” category at the 2024 SPE Automotive Awards for their joint development of Ultramid® Expand polyamide particle foam. This innovative foam, part of the Mercedes-Benz VISION EQXX … Read the full press release
Posted in Automotive, Awards, Chemicals, Germany, Industrial, Technology
Tagged automotive materials technology, Automotive Sector, BASF, cost-effective, crash safety, Enabler Technology category, impact absorber, Mercedes-Benz, polyamide particle foam, recyclability, SPE Automotive Awards 2024, Ultramid® Expand
(IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. This acquisition strengthens Mutares’ SFC Group under Amaneos, enhancing its global presence in plastic-based systems … Read the full press release
Posted in Automotive, Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology
Tagged acquisition, Amaneos, Automotive Sector, CHINA, CIKAUTXO, Mutares, partnership, SFC Group, sustainability
(IN BRIEF) Stellantis has unveiled an ambitious investment plan of €5.6 billion in South America, marking the largest ever investment in the region’s automotive industry. This substantial funding will span from 2025 to 2030 and will facilitate the introduction of … Read the full press release
Posted in Automotive, Business, Environment, Financial, Government, Industrial, Investment, Management, Netherlands, News, Technology
Tagged Argentina, Automotive Sector, Brazil, Carlos Tavares, Chile, partnership, South America, Stellantis, sustainability
(IN BRIEF) Continental, a leading automotive technology company, has unveiled a series of measures aimed at strengthening the competitiveness of its Automotive sector. The company plans to simplify and streamline its business and administrative structures, targeting an annual cost reduction … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged Automotive Sector, competitiveness, Continental, Philipp von Hirschheydt, Streamlining Measures
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