At least four suitors are in the race for insolvent German supplier Karmann’s roof business, a source close to the situation said, with Canada’s Magna International Inc. leading the pack.
Tags: Canada, German Supplier, Karmann, Leads, Magna International, Magna International Inc, Suitors
Net debt at German supplier Continental fell below 10 billion euros ($14.15 billion) for the first time since its 2007 acquisition of Siemens VDO Automotive and its liquidity situation improved, the company said on Thursday.
Tags: Acquisition, Continental, EUR, German Supplier, Liquidity Position, Liquidity Situation, Siemens, Siemens Vdo Automotive, USD
International Automotive Components Group said Monday it expanded its global automotive carpets and acoustic parts business by purchasing key pieces of insolvent German supplier Stankiewicz.
Tags: Auto Carpets, Automotive Carpets, Automotive Components, Automotive Parts, Components Group, German Supplier, Global Move, International Automotive Components Group, Stankiewicz
Billionaire investor Wilbur Ross’ International Automotive Components Group expanded its global automotive carpets and acoustic parts business by purchasing key pieces of insolvent German supplier Stankiewicz.
Tags: Automotive Carpets, Automotive Components, Billionaire, Components Group, German Supplier, International Automotive, Investor, Plants, Ross International, Stankiewicz, Wilbur Ross
German supplier Preh GmbH is producing the electronic center stack panel for the 2010 Lincoln MKZ sedan. The contract is Preh’s second with Ford Motor Co.
Tags: Electronic Center, Ford, Ford Motor, Ford Motor Co., German Supplier, Lincoln, Lincoln Mkz, Preh, Preh GmbH, Stack
Mitec Automotive AG, a German auto-parts supplier, has sued Ford Motor Co. for breach of contract in a rare case of a supplier going public with a dispute with an automaker.
Tags: Auto Ford, Auto Parts Supplier, Automaker, Automotive Parts, Breach Of Contract, Ford, Ford Automotive, Ford Motor, Ford Motor Co., German Auto, German Supplier, Mitec, Mitec Automotive AG, Rare Case