The chairman’s committee of the supervisory board will propose Dr Karl-Thomas Neumann for the executive board of Continenal AG. Dr Neumann is currently head of the Electrics and Electronics unit of the Volkswagen group. In this position he has group-wide responsibility for electronics.
According to the company, Dr Neumann will take charge of Continental Automotive Systems (CAS) at the earliest possible date.
The final deadline for acceptance of the takeover offer Continental AG, Hanover, has submitted for Phoenix AG, Hamburg, has expired. Upon completion of the statutory mandated two-week deadline extension, the international automotive supplier now has more than 75.96 percent of Phoenix shares at its disposal.
Execution of the takeover now depends on the outcome of the EU commission’s antitrust investigation. The EU is expected to issue its go-ahead until October.
With the takeover of Phoenix AG, Continental AG intends to further develop its ContiTech division into one of the world’s leading specialists in rubber and plastics technology.
Automotive interior show, INTERauto has announced that it will be hosting a programme of free seminars for visitors at this year’s event.
The exhibition, to be held in Cologne on 3-5 November, will be the 7th show organised by Turret RAI plc. The company describes the show as “the place for automotive interior manufacturers to meet and showcase current ideas and products in all aspects of the industry.”
UK aerosol and chemical manufacturer, Add-It, has appointed Terry Horton as its new sales executive for the Cambridgeshire area.
Despite the recent expansion of the EU, German university graduates are relatively uninterested in developing their careers in one of the accession countries, a new report has found.
Honeywell Friction Materials has completed its new management team by announcing Scott Buckhout as vice president and general manager, Europe region and Eric Rozier as vice president and general manager, Americas region. The appointments come just two months after the company named Laura Ulz president.
The western European car market has moved in line with estimates from automotive market analysts Polk, to 5.6 per cent.
The Japanese and Korean manufacturers were way ahead of the rest, having now captured a 16.1 per cent market share. Ford also fared well with 10.5 per cent yoy, thanks to good sales volumes of its C Max.
Crypton Technology Group has bought Traction Charger Company Ltd. The acquisition will see the group’s product portfolio expand to include battery charging equipment, says sales and marketing director, Walt Koloska.
German exhaust specialists, Eberspächer, and Japanese automotive component supplier, Calsonickansei, are to “intensify their collaboration” by setting up a marketing joint venture in Paris. The company will operate under the name of ACE Alliance CalsonicKansei Eberspächer S.A.S.
Bridgestone has become the first tyre manufacturer to actively support Suzuki’s apprentice technician training programme.
The UK automotive industry wants a level standard across Europe for emissions trading, the House of Lords European Union Select Committee heard last week.
SMMT representatives presented evidence to the Committee, explaining that many UK plants have already fitted advanced emission control kits and work to a higher standard than some of their continental counterparts. A further concern of the motor manufacturers society was that in some countries, automotive plants seem to be able to avoid the need to trade emissions altogether.
Toyo Tire & Rubber Co., Ltd., has announced that Toyo Tire Corp, a US tyre marketing subsidiary of Toyo Tire & Rubber Co., Ltd has been honoured with Manufacturer of the Year Award at the International Auto Salon in Atlantic City, New Jersey. Toyo Tire Corp is the first company in the tyre industry to receive the award. The Sport Compact Council of host organisation, SEMA, presented the award.
The Manufacturer of the Year Award is presented to one automotive parts maker each year and is awarded to the manufacturer that has made the most significant impact in the sport compact field.
The Tire Industry Association launched its Global Council at the Reifen 2004 trade show in Essen. The Council was formed in February 2004 with the intention to “pursue effective solutions for today’s global tyre industry.”
The German tyre manufacturer Continental AG has to wait for another two weeks before they hear whether or not the European Commission will approve the take-over of automotive supplier, Phoenix. The Commission says that the legal examination will be completed by 29 June but did not give any reasons for the extension of the deadline.
At the end of April Continental started the take-over bid of its Hamburg based competitor. In the middle of last week Continental acquired the majority of the Phoenix shares.
The Yokohama Rubber Co., Ltd., announced that it reached an agreement to license ExxonMobil Chemical Company, a division of Exxon Mobil Corporation of the United States, technology in connection with the Yokohama Advanced Liner (YAL), a new patented inner liner for automotive tyres. In addition, Yokohama and ExxonMobil Chemical are combining their respective expertise in the field to improve and advance the performance of YAL. The agreement also grants ExxonMobil Chemical rights to commercialize and globally market YAL related materials in the future.
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