Posts Tagged ‘German Supplier’

Magna leads race for Karmann roof unit

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.

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Continental’s debt, liquidity position improve

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.

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IAC buys Stankiewicz, makes global move in auto carpets

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.

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Wilbur Ross’ IAC buys 9 plants from German supplier

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.

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Preh to make panels for Lincoln MKZ

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.

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German supplier Mitec sues Ford over canceled contract

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.

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