German car parts maker, ZF Friedrichshafen AG, is setting up an India Technology Center in Hyderabad which will focus on software and mechanical engineering. The new Technology Center will support ZF’s global development teams while enabling the company to ramp up on local product development. “This new facility is a significant investment for ZF in India. We are harnessing the skilled talent pool that…

Jaguar Land Rover’s new engine plant in Wolverhampton should be ready by September-October this year. This new plant of JLR will manufacture their new engines in every 36 seconds, when working in full capacity. The company has invested in excess of 500 million pounds on this plant and it shall employ 1,400 workers in total. These will be the all-aluminium four-pot petrol and diesel engines that will first…

Steel industry bosses and unions have warned that a toxic mix of high business rates, rising energy and environmental costs, and the lack of a state-backed industrial policy are threatening Britain’s much-vaunted manufacturing renaissance, after 400 jobs were cut in South Wales. Tata Steel, the company that owns the old British Steel empire, will shed about one in ten of its workers at its Port Talbot…

Looking for a spare part for your old Hyundai Santro or Chevrolet Beat that’s no longer in production, but haven’t had much luck so far? No worries. Automakers are working on a unique solution to help you out: three dimensional or 3D printing. Huh? What does 3D printing have to do with car parts? You’ll be surprised, but global automakers are using the cool technology to produce spare parts for vintage…

Amtek India is acquiring substantial stake in Germany based Kuepper Group for an undisclosed amount , the company said in a filing with BSE. However a piece in ET states the acquisition price to be at EUR 200 Mn. The company would be floating an SPV for the purchase and financing will be through its internal accrual. The acquisition would provide the company access to high-tech German machining technology…

Amtek Kuepper GmBH, a German subsidiary of Amtek India Ltd, has sold its entire stake in Kuepper group of companies to Amtek Technologies Deutschland GmBH, a subsidiary of Amtek Global Technologies (AGT), in lieu of 21.5% stake in the company, Amtek said in a statement to BSE. After the transaction, equity stake of AGT is jointly held by Amtek Auto Ltd (78.5%), and Amtek Kuepper GmbH (21.5%). The…

Italy (EOSrl), a subsidiary of Endurance Technologies Ltd and the special purpose vehicle for strategic overseas investments, has acquired the entire equity stake in Fonpresmetal Gap SpA (Fonpresmetal), an aluminum die casting company in Italy. Fonpresmetal has its manufacturing facility in Bione (Brescia, Italy) with a capacity of 6,500 Tons of which 50% is dedicated for supplies to the Endurance Group…

South Korea's leading carmaker Hyundai Motor Co. is considering a plan to build a third plant in India as part of efforts to expand its presence in the world's second most populous country, the chairman of its parent group said Tuesday. Hyundai Motor, the flagship of the world's fifth-largest auto giant Hyundai Motor Group, currently operates two plants in Chennai, a port city in the southeastern part of…

Rane (Madras) has expanded its global footprint with the setting up of a greenfield facility in Mexico for manufacturing steering and suspension components for passenger vehicle to grow its share of international revenues. The leading manufacturer of steering and suspension products and light metal casting components said in a regulatory filing that it has floated a wholly-owned subsidiary ‘Rane Automotive…

Asserting that US businesses continue to face an "evolving array" of tariff and non-tariff barriers in India, a group of 20 eminent American business organisations and industry groups in a letter to Congressional leadership have sought a "fair play" for them in the huge Indian market. "The US government, including Congress, should use all available channels to ensure fair play for businesses, investors, and…