News: Automotive equipment

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2010

 

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STRATEGIC BREAKTROUGH IN ASIA: KA SIGNS NEW MEUR 15 CONTRACT

12/20/2010 11:54 AM EST  -   Kongsberg Automotive Holding ASA
Kongsberg Automotive has won a strategically important contract for production of couplings for compressed air for a global producer of commercial vehicles in Asia. The contract is worth MEUR 15 over 5 years with start of production in 2012. Kongsberg Automotive is a leader within this product area in Europe.

”The contract is for composite air couplings for the brake and suspension systems on the vehicles. This...

Haldex to divest Traction Systems Division to BorgWarner, Inc.

12/17/2010 1:50 AM EST  -   Haldex
The Board of Directors of Haldex has decided to divest its Traction Systems division (“Traction”) to BorgWarner Inc (“BorgWarner”)

The purchase price amounts to SEK 1 425 m on a cash and debt free basis

The price corresponds to nearly 14 times historic earnings and provides maximum value for Haldex shareholders
Haldex AB (“Haldex”) has signed an agreement with BorgWarner Inc. (“BorgWarner”), a global...

Autoliv Raises Dividend – Again Announces Shareholder AGM

12/16/2010 8:48 AM EST  -   Autoliv
(Stockholm, December 16, 2010) – – – The Board of Directors of Autoliv Inc. (NYSE: ALV and SSE: ALIV sdb) – the worldwide leader in automotive safety systems – today declared a 14% increase in the Company’s quarterly dividend to shareholders. This follows upon an increase of 17% in the previous quarter. The Board set May 10, 2011 for the Company’s next Meeting of Shareholders.

Scania to deliver trucks for biofuel project in Liberia

12/15/2010 2:58 AM EST  -   Scania
Scania has received an order for 50 trucks, plus an option for another 100 trucks, from Buchanan Renewables Fuel in Liberia. Scania will also be responsible for establishing a service workshop and training service technicians and drivers.
The Scania trucks will be used for transporting biofuel made from old non-productive rubber trees. The biofuel is exported but will also be used for domestic power generation....

Truck deliveries in November 2010

12/15/2010 2:30 AM EST  -   Volvo
Total deliveries from the Volvo Group’s truck operations in November amounted to 18,454 vehicles. This was an increase of 52% compared with the year-earlier period.
See attached file for more info.

December 15, 2010

Reporters who would like more information, please contact:
Media Relations:
Bernard Lancelot, Renault Trucks, +33 (0)4 72 96 58 89
John Walsh, Mack, +1 336 39 32 640
Jenny Björsne, Volvo...

Mekonomen committed to the marine market in Sweden

12/13/2010 2:00 AM EST  -   Mekonomen
– First step is the acquisition of leading actor Marinshopen

Mekonomen’s goal is to become the leading actor on the Swedish marine market within three years. As an initial act to achieve this Mekonomen acquires Marinshopen, which already is one of the leading actors on the marine market. Marinshopen will operate as part of Mekonomen by the end of 2010.
Marinshopen is specialized in spare parts to boat...

KONGSBERG AUTOMOTIVE SECURES A MEUR 7.5 GEARSHIFT SYSTEM CONTRACT

12/10/2010 7:18 AM EST  -   Kongsberg Automotive Holding ASA
Kongsberg Automotive has been awarded a contract for the supply of gearshift systems to a global truck manufacturer. The gearshift systems are based on the new generation cable gearshift system developed at the Kongsberg Automotive R&D centre in Heiligenhaus, Germany. The contract is for the European and Brazilian markets and the estimated life time of the contract is 5 years with a start of production in...

Volvo IT delivers world-class IT platform for Volvo Ocean Race

12/10/2010 4:00 AM EST  -   Volvo
Volvo IT has been selected as Official IT supplier for the upcoming Volvo Ocean Race, which starts from Alicante, Spain, in October next year.  Volvo IT will provide the IT platform, ensuring effective communications at each of the ten cities, which the race will visit during the course of the event.
As the IT supplier to the two previous Volvo Ocean Races, Volvo IT has proven capabilities to deploy a...

Autoliv Expands in China Increases by 50% its capacity for safety electronics

12/9/2010 7:55 AM EST  -   Autoliv
(Stockholm, December 9, 2010) --- In response to the rapid growth in Asian vehicle production, Autoliv Inc. (NYSE: ALV and SSE: ALIV) – the worldwide leader in automotive safety systems – has started up a building extension of its Shanghai manufacturing plant for safety electronics systems and components. The 4.000 square meters (43.000 Sq feet) area extension will allow Autoliv to increase its manufacturing...

Volvo Group contributes to carbon-neutral airports

12/9/2010 7:00 AM EST  -   Volvo
In partnership with Schmidt and Swedavia, the Volvo Group is participating in a field test to trial the world’s first biogas-fueled snow sweeper. The vehicle is equipped with two nine-liter Volvo engines fueled by biogas combined with conventional diesel, which may ultimately be replaced by biodiesel, enabling entirely carbon-neutral driving.
The state-owned company Swedavia aims to make all of its 14 airports...