Schaeffler to initiate merger with Continental by next year
Plans to invest €300m in Asia

Delphi plans to close Kokomo (US) operations
Plant employs 1,300 workers

Ricardo to sell German exhaust business to Eberspächer
Company reports higher order booking in June 2010

WABCO reports 62% increase in Q2 2010 sales
Company’s raises outlook for 2010

NHK Seating to build facility in Tennessee to supply Nissan
Production to coincide with Nissan LEAF production

Stoneridge reports sales of US$166.3m in the second quarter of 2010
Expects full year sales between US$605m-625m

Scania plans to enter into components sharing and pre-development agreement with MAN
Also plans to conduct joint research for development of hybrid components

Infineon reports 58.9% increase in Q3 2010 sales
Updates Q4 and full-year 2010 outlook

Cummins reports 32% increase in Q2 2010 sales
Productivity improvements lead to three fold rise in net income

Wescast reports improved financial results for Q2 2010
Sales grow by 43.4%

Ficosa joint-venture launches reverse gear and parking camera
Device works on 24V on-board electric network

TI Automotive to provide fuel tank systems for Mercedes-Benz vehicles
Plans to supply systems from facilities near Mercedes-Benz plants

Valeo sales increase to €4.8bn in the first six months of 2010
Original Equipment sales increase by 44%

JSW to raise INR57bn by allotment of 14.99% stake to JFE
Transaction to be completed in three stages

Nexteer to invest US$7m in New Jersey plant
Company wins business for new steering column

Fulcrum Credit Partners urges Visteon suppliers to vote down bankruptcy exit plan
Suppliers offered 50% of the owed amount

Tomkins backs US$4.5bn bid by Canadian consortium
Standard Life Investments, a 2.9% shareholder terms the deal too cheap

Nippon Steel to announce details of proposed joint-venture with Tata Steel
Japanese steelmakers eye Indian automotive market

DuPont reports 24.6% increase in first half 2010 sales
Automotive business related segments record strong earnings growth 

Toyo Tire to supply OE tires for Audi TT RSI
Company also a preferred supplier for the new 2011 Audi TT and TTS

Mahle to take majority stake in Behr
Transaction expected to be closed in two-three months

Valeo secures contracts for torque converters in North America
Aims to be world leader by 2013

Grammer sales increased to €444.5m in H1 2010
Company targets sale of €800m in FY2010

BorgWarner to supply engine timing systems to Fiat Powertrain Technologies
Product to feature on FPT’s new two-cylinder TWIN-AIR engine

CTS net sales increase 15.4% to US$138.9m in second quarter of 2010‎
Company reports net income of US$5.9m in Q2 2010

Bharat Forge reports higher sales and profits in Q1 2010
Plans capacity expansion as demand picks-up

Benteler plans to invest CNY176m in China
Company to tap emerging markets

Gentex supplies SmartBeam assist system to seven Audi models
Expects SmartBeam supply to increase by 30-40% in 2010

BMW and Daimler plan to work on joint development and purchasing of seat frames
Expect annual cost savings of up to €200m for each

Volkswagen to persuade suppliers to have manufacturing presence in Mexico
Company plans to reduce dependence on euro-sourced supplies