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Denso’s employee hiring to fall by 8% in 2010-2011
Decision followed Toyota’s reduced hiring plans

MRF to invest INR30bn in India
Move aimed to strengthen market share


Tenneco plans adding 200 Jobs in Georgia
Company intends to consolidate operations in North America


ContiTech inaugurates new plant in China
Company invests €40m in new facility


Delphi sales decline in 2009
Sales to GM shrink further

Avtec receives transaxle contract for Ford’s new Figo
Supplier invested INR300m (US$6.6m) to set up production unit in Bangalore

Fiat integrates “Multiair” with diesel engines to adhere to Euro 6
Technology developed in collaboration with Schaeffler Group

Pirelli post sales decline of 4% in FY 2009
Anticipates sales between €4.7bn to €4.8b in 2010

Navistar displays MaxxForce® 7 diesel engine on commercial truck
New 6.4L V8 diesel engine uses CGI cylinder block

Valeo to focus on greenhouse emission reduction and emerging markets
Company to invest two-thirds of R&D expenditure in conventional & alternate technologies


Toyota works towards reducing steel price for suppliers
Negotiates with steelmakers to adjust prices

Bosch announces lock out at Bangalore facility
Workers’ wage revision being the major issue

Kongsberg Automotive gets contract worth €65m from European OEM
Company to be preferred supplier of driveline systems for six years

Bergstrom acquires Modine’s North American HVAC business
Extends core business to include commercial vehicle and off-highway offerings

Toyota Boshoku appoints Teruyuki Minoura as Chairman
Minoura to assume charge of new position in June 2010

Dana concludes sale of Structural Products business to Metalsa
Deal includes ten manufacturing facilities along with a JV in UK

GM introduces in-house diesel ECU
ECUs to be first used on 1.7L diesel-engine

Fitch reaffirms Cummins debt and credit ratings
Rates supplier’s outlook as stable

MRF starts construction of seventh plant in India
Investment to range between INR7bn to INR8bn


Grupo Antolin to open new plant near St Peterburg
Company leases premises for 10 years

Hybrids and EVs dominate Geneva Auto Show
Is the global auto industry inevitably heading towards hybrids and EVs or does the real powerhouse of the industry remain in conventional engines?

SUPPLIERBUSINESS INSIGHT 8 March 2010
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