SKF was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June …
SKF will publish its half-year results for 2020 on 21 July at approximately 07:30 (CET).
Investors, analysts and media are invited to join a conference call, which will…
Luxury car manufacturer BMW Group India announced on Tuesday the launch of BMW Facility NEXT in Cuttack, which will be represented by OSL Prestige. According to the company release, it will be the largest full-fledged integrated retail and service facility in Eastern India. Based on the latest BMW Fa
Audi on Monday unveiled the facelifted Q5 that combines a sporty character with excellent everyday usability, and comes with a wide array of infotainment and assistance options. Its powerful two-litre four-cylinder diesel generates 204 PS and 400 Nm of torque, which is matched with a seven-speed S Tronic that sends the engi
Japanese auto supplier Sanden Holdings on Tuesday said it had filed for debt restructuring with its creditors as falling sales due to the coronavirus pandemic had made it difficult for the company to pursue its restructuring plans. In a filing to the Tokyo Stock Exchange, the maker of vehicle air conditioning comp
Bernd Stephan, President, Automotive and Aerospace, has stepped down from his role in Group Management for health reasons. Responsibility for Automotive sales and the Aerospace business unit has been assumed on an interim basis by Alrik Danielson, President and CEO. Bernd will support Alrik on an advisory basis, until his retiremen
Due to a conversion of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following. As per 30 June, the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 32,256,712 shares of Series A and 423,094,356 shares of Series B. The num
Employee representatives chosen by regular election New Supervisory Board holds constitutive meeting Andreas Schick continues as COO At its meeting on May 8, the Schaeffler AG supervisory board was regularly reconstituted. After the ten shareholder representatives were newly elected by the Annual General Meeting last year, the Sch…
H2W Technologies’ single axis linear stepper motors are ideal for high-speed open loop positioning applications. They can perform at speeds of up to 80 in/sec [2 m/sec] and strokes of up to 68 in [1.7 m]. Linear stepper motors are capable of very precise position, velocity, and acceleration control when coupled with a micro-steppin
Advanced Machine Reliability Resources (AMRRI) and Generation Systems Inc. (GSI), creator of Lube-It management software, two of the most respected names in machine lubrication management, are combining forces to create a best-in-class offering to support asset health and machine reliability for Fortune 1000 manufacturers.
The Indian auto components industry should look at enhancing exports and target at least 5 per cent of the total global trade, which stands at around USD 1.3 trillion, in the next five years, according to a top industry executive. For achieving such target, government support in terms of favourable policies would be cr
General Motors asked a federal appeals court Friday to overturn an order that requires its CEO to meet with the head of Fiat Chrysler by next week to try to settle a lawsuit related to corruption by union leaders. GM also asked the appeals court to remove U.S. District Judge Paul Borman from t
A day after tech giant Amazon.com announced that it is buying self-driving startup Zoox Inc, Elon Musk, Chief Executive Officer of Tesla, US’s leading electric vehicle manufacturer, dubbed Amazon boss Jeff Bezos as ‘a copy cat’ on Twitter. However, this isn’t the first time Musk has taken a dig
Czech auto major Skoda has unveiled the Octavia G-Tec, which is designed to run on Compressed Natural Gas (CNG). Scheduled to be launched across European markets later this year, the new Octavia G-Tec comes as an environmentally friendly alternative of the sedan, claims the automaker. As Skoda claims, the Octavia
State Bank of India (SBI) has sanctioned loans to over 4 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, hit hard by the coronavirus-induced lockdown. On the occasion of International MSME Day, SBI managing director C S Shetty on Friday addressed MSME customers and employe
