Supplier MTA, hit early by COVID, sees fast rebound
The immediate impact of COVID-19 has been quickly left behind, said MTA, but questions about its customers’ supply chain linger. MTA’s Codogno plant produces electrical components such as fuse boxes and power distribution units. Another plant in Rolo, Italy, specializes…
Italian supplier MTA, hit early by COVID-19, sees swift recovery
The immediate impact of COVID-19 has been quickly left behind, said MTA, but questions about its customers’ supply chain linger. MTA’s Codogno plant produces electrical components such as fuse boxes and power distribution units. Another plant in Rolo, Italy, specializes…
Spanish automotive masterbatch supplier opens plant in Mexico
The 32,000-square-foot facility is 130 miles northwest of Mexico City. An additional 21,528 square feet is available for future expansion. The company owns the land and buildings. Delta Tecnic plans to supply customers across the Americas from the plant, which…
Pressures are altering the supplier landscape
Other suppliers also have moved to reposition themselves in recent weeks. Two German suppliers, Continental and Osram, said Sept. 23 that business conditions have become too challenging for them to continue their advanced lighting joint venture, Osram Continental. They now…
Auto supplier BorgWarner closes acquisition of Delphi
DETROIT — BorgWarner Inc. has completed its acquisition of Delphi Technologies in an all-stock transaction that puts Delphi’s enterprise value at about $3.2 billion. The union of BorgWarner, a supplier of turbochargers and electric motors based in Auburn Hills, Mich.,…
Vantec sold to auto supplier Angstrom
Iowa-based injection molder Vantec Inc. has been purchased by an auto supplier in an acquisition that will also allow Vantec’s founders to retire. Angstrom Automotive Group of Southfield, Mich., is a metal stamping, forging and machining specialist. The renamed Vantec…
Chinese smart car supplier PATEO in talks to raise $147 million
BEIJING (Reuters) – Chinese smart vehicle supplier Shanghai PATEO Electronic Equipment Manufacturing Co is in talks with 22 potential investors to raise 1 billion yuan (114.3 million pounds) before its listing on the STAR market, a company spokesman told Reuters.…
Why bondholders of supplier Garrett Motion are planning a rival bankruptcy loan
Junior creditors to auto supplier Garrett Motion Inc. are preparing a rival proposal to provide the bankrupt company with financing for its restructuring, according to people with knowledge of the matter. The group of bondholders organized and is in the…
West Michigan automotive supplier looks to fill 150 openings
GRAND HAVEN, MI — Shape, a Grand Haven-based automotive supplier, is looking to fill 150 openings. The openings all for all shifts and pay a minimum of $13.50 per hour, the company says. There’s a 50-cent premium for second-…
LSH Auto UK named British Athletics Official Van & Car Supplier
Member Article LSH Auto UK has been announced as the ‘Official Van & Car Supplier’ to British Athletics. The three-year partnership agreement will see LSH Auto UK provide Mercedes-Benz vehicles to transport VIPs, athletes, judges, officials, management, staff and equipment…
