Johnson Controls concludes public offering of US$500m of senior notes
Senior notes due in March 2020

Toyota to reduce steel prices for suppliers
Negotiates with steelmakers to adjust prices

Bosch announces lock out at Naganathapura 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

Autoliv says lift in premium cars will counterbalance Toyota’s recent loss
European market could face trouble further

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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Alpine Electronics, Navteq & Nokia teams up to integrate smartphones into car infotainment systems
Systems provide information on fuel levels and engine status

Rane TRW opens new plant in India
Aims to cross INR5bn in sales by 2010-11

Autoliv acquires Visteon radar system business
Strengthens presence in active safety systems

Tower Automotive raising US$100m from IPO
Funds to be utilised for repayment of debts

Fuel Systems Solutions 2009 sales up 18% to US$452.3m
Transportation sales increase 31% to US$381.3m

Johnson Controls to offer US$500m in senior notes
Company to use proceeds for general corporate purposes, including repaying debt

Linamar posts operating income in Q4 2009 despite sales decline
Company also manages to report net income over net loss

Key Plastics acquires assets of insolvent German moulder Paulmann & Crone
Acquisition secures contracts from BMW and Volkswagen

Cooper Tire increasing stake in Chinese JV Cooper Chengshan to 65%
Transaction worth US$17.9m to complete by first half of 2010

Moody’s upgrades TRW’s outlook to positive
Reflects company’s strong performance in Q4 09

Continental Tires gets contract from Chrysler for Ram Chassis Cab
Company signs multi-year contract for new 2011 model year trucks

Shriram Pistons and Rings to invest INR7bn in India
Investment spread over next six years

Mazda to launch Sky engines in Europe
Local production seems difficult

Saehaesung Alabama to invest US$5m in new facility in Alabama
Construction expected to be over by June 2010

Jackson Plastics to close facility in Kentucky
Closure to affect 96 employees

Jay Mid-South to lay off 75 jobs
Production shift by customers triggers lay-off