Dana Incorporated elects veterans of Tesla and Deere to its board of directors

Two Long-serving Directors Also Announce Retirements

MAUMEE, OhioFeb. 20, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced that its board of directors has elected two new members – veterans of Deere and Co. and Tesla Inc. – to serve on the board effective immediately.  Additionally, two long-serving directors have announced their pending retirements from the board.

Dana Incorporated logo. (PRNewsFoto/Dana Incorporated)

Michael J. Mack, 61, recently retired from Deere & Co., where he had served as chief financial officer; president of the company’s Worldwide Construction & Forestry Division; and most recently as group president of John Deere Financial Services, Global Human Resources, and Public Affairs.  He also held leadership roles in dealer systems, business development, engineering, purchasing, manufacturing, marketing, and finance.

Mr. Mack earned bachelor’s and master’s degrees in mechanical engineering from Iowa State University and also holds a master’s degree in business administration in finance, operations, and statistics from the University of Chicago.  He will serve on Dana’s Audit Committee and Compensation Committee.

Diarmuid B. O’Connell, 54, spent the last 11 years at Tesla, most recently as vice president of business development.  One of the longest-serving executives at the automaker, he also served as chief of staff to the assistant secretary of state for political military affairs in the U.S. Department of State.  He also held management positions with Accenture, Young & Rubicam, and McCann-Erickson.

A graduate of Dartmouth College, Mr. O’Connell earned master’s degrees in business administration from the Northwestern University’s Kellogg School of Management and international relations from the University of Virginia.  He will serve on Dana’s Nominating and Corporate Governance Committee, as well as the Compensation Committee.

“We are pleased to be adding these two distinguished business executives to our board,” said Keith Wandell, non-executive chairman.  “They are exceptional leaders with strong financial acumen, international experience, and a deep understanding of the markets Dana serves.  Mike and Diarmuid bring unique knowledge to Dana as we continue to execute our electrification strategy and expand our presence in the off-highway and industrial markets.  Their collective experience will be invaluable.”

In addition, Terrence J. Keating and Mark A. Schulz have decided to retire from Dana’s board, effective at the conclusion of the annual meeting of shareholders, April 26.  Messrs. Keating and Schultz both joined Dana’s board in 2008.

“I would like to sincerely thank Terry and Mark for their decade of service to Dana.  I speak for the entire board of directors when I say that their guidance and insight has been of tremendous value as the company has grown to the strong, profitable company it is today,” Mr. Wandell added.

About Dana Incorporated
Dana is a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery.  Dana supports the passenger vehicle, commercial truck, off-highway, and industrial markets as well as industrial and stationary equipment applications.  Founded in 1904, Dana employs more than 30,000 people in 33 countries on six continents who are committed to delivering long-term value to customers.  The company reported sales of more than $7.2 billion in 2017.  Based in Maumee, Ohio, the company’s headquarters operations were selected as a “Top Workplace” by The (Toledo) Blade for the last two years.  Dana is ranked among the Drucker Institute’s listing of the 250 most effectively managed companies.  For more information, please visit dana.com.

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Mahindra to make an additional investment of over Rs. 500 crore for Electric Vehicles and Electric Vehicle Components in Chakan as part of expansion efforts

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Mumbai, February 19, 2018: Mahindra & Mahindra Ltd (M&M Ltd), a part of the US $19 billion Mahindra Group, announced in the presence of the Government of Maharashtra, that it would make an additional investment at its Chakan plant in Maharashtra. As part of its expansion plans, the company will invest over Rs. 500 crores in its Electric Vehicle (EV) Project under the new EV Policy of the Government of Maharashtra.

The investment for EV and EV Components is in addition to its ongoing expansion plan in Chakan which includes an initial investment of Rs. 6,500 crores. This additional investment of Rs. 500 crores will be utilized towards product development and capacity enhancement for electric vehicles and related components.

The MoU was signed by Shri Sunil Porwal, Additional Principal Secretary (Industries), Government of Maharashtra and Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. in the presence of Shri Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra and other dignitaries present at the Magnetic Maharashtra Conference currently underway in Mumbai.

Speaking on the occasion, Dr. Pawan Goenka, Managing Director, Mahindra & Mahindra Ltd. said, “We are delighted to announce the next phase of our Electric Vehicles expansion plan at Chakan and would like to thank the Government of Maharashtra for its new EV Policy which is a proactive step in electric mobility. The implementation of projects under this EV Policy will certainly make the state a leader in manufacturing of EV and EV components, promoting greater use of these vehicles. We have no doubt that the state will attract large EV related investments and emerge as a front runner in the EV race.”

Dr. Goenka further added, “The Mahindra Group along with Mahindra Electric Mobility Limited (MEML) is at the forefront of promoting electric mobility which could result in a paradigm shift in the passenger commuting segment, considerably mitigating air pollution. I am sure that with this expansion, the Mahindra Group will continue to play an integral part in the development of not only the region of Chakan but the state of Maharashtra, as well as the Indian auto industry, in time to come. We would like to showcase for the whole country the viability and benefits of EV through our EV Project. This is the next step towards the journey of achieving Mahindra’s vision of the “Future of Mobility” and encompasses the “5C” framework of Clean, Convenient, Connected, Clever and Cost effective. We are thankful to the Government of Maharashtra for their continuous and unstinted support.”

About Mahindra

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

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Maharashtra State Govt signs an agreement with Virgin Hyperloop One with an intent to build hyperloop between Mumabi and Pune

  • Pune-Mumbai Route Will Support 150 Million Passenger Trips Per Year And Help India Boost Its Economic Competitiveness Through High-Speed Transportation Innovation and Job Creation
  • Construction Will Begin With An Operational Demonstration Track

MUMBAI, INDIA, February 18, 2018 — Virgin Hyperloop One today announced the Indian State of Maharashtra’s intent to build a hyperloop between Pune and Mumbai beginning with an operational demonstration track.

Virgin Group Founder and Virgin Hyperloop One Chairman Sir Richard Branson announced the Framework Agreement in the presence of the Hon’ble Prime Minister Narendra Modi and the Hon’ble Chief Minister of Maharashtra Devendra Fadnavis to begin the development of the route. This historic signing at the Magnetic Maharashtra event was also attended by Virgin Hyperloop One board members and key investors Sultan Ahmed bin Sulayem, CEO and Group Chairman of DP World, and Ziyavudin Magomedov, Chairman of Summa Group.

Recognizing the Maharashtra government’s contribution to the country’s economy, Indian Prime Minister Narendra Modi said, “51 per cent of total investments in India have come to Maharashtra, and the state is attracting global investors. The state’s overall development in the past few years is a shining example of change thinking and improving conditions in the country. Maharashtra government was ahead of all other Indian states in terms of infrastructure spend and the state is on its way to achieving its bold vision of a trillion dollar economy.”

“I believe Virgin Hyperloop One could have the same impact upon India in the 21st century as trains did in the 20th century. The Pune-Mumbai route is an ideal first corridor as part of a national hyperloop network that could dramatically reduce travel times between India’s major cities to as little as two hours,” said Sir Richard Branson. “Virgin Hyperloop One can help India become a global transportation pioneer and forge a new world-changing industry.”

The hyperloop route will link central Pune, Navi Mumbai International Airport, and Mumbai in 25-minutes, connecting 26 million people and creating a thriving, competitive megaregion. The high-capacity passenger and cargo hyperloop route eventually will support 150 million passenger trips annually, saving more than 90 million hours of travel time, and providing citizens with greater opportunities and social and economic mobility. The hyperloop system will also have the potential for the rapid movement of palletized freight and light cargo between the Port of Mumbai and Pune, creating a robust backbone for on-demand deliveries, supply chains, and next-generation logistics.

The Pune-Mumbai route could result in USD $55 billion (INR ₹350,000 crores) in socio-economic benefits (time savings, emissions and accident reduction, operational cost savings, etc.) over 30 years of operation, according to an initial pre-feasibility study completed by Virgin Hyperloop One. The 100% electric, efficient hyperloop system will ease severe expressway congestion and could reduce greenhouse gas emissions by up to 150,000 tons annually.

“With Virgin Hyperloop One, we can create a sustainable infrastructure that will enhance the State of Maharashtra’s competitiveness and attract new investment and businesses,” said the Chief Minister of Maharashtra Devendra Fadnavis. “The Pune-Mumbai hyperloop route will be an economic catalyst for the region and create tens of thousands of jobs for India’s world-class manufacturing, construction, service, and IT sectors and aligns with Make in India initiatives.”

The Pune-Mumbai hyperloop project will begin with a six-month in-depth feasibility study which will analyze and define the route alignment including environmental impact, the economic and commercial aspects of the route, the regulatory framework, and cost and funding model recommendations. The feasibility study will build upon the findings of the pre-feasibility study signed in November 2017 between the Pune Metropolitan Regional Development Authority and Virgin Hyperloop One.

The project will enter a procurement stage upon the successful completion of the feasibility study to determine the public-private partnership structure. Construction of the Pune-Mumbai hyperloop route would commence after procurement and will be completed in two phases, beginning with an operational demonstration track built between two points on the route. The demonstration track will be constructed in two to three years from the signing of the agreement and serve as a platform for testing, certifying, and regulating the system for commercial operations. The second phase will target to complete construction of the full Pune-Mumbai route in five to seven years. Future projects could also extend the route to link central Pune with the New Pune International Airport and Jawaharlal Nehru Port in Mumbai with Pune’s industrial economic zones.

“The Pune-Mumbai hyperloop project will ultimately be executed by a public-private partnership which will save taxpayer money while delivering a transport option that will help the State of Maharashtra support economic growth, improve sustainability, and meet the transport demands,” said Kiran Gitte, CEO of the Pune Metropolitan Region Development Authority.

“We have always believed that India would be a tremendous market for hyperloop. The Pune-Mumbai route is one of the strongest economic cases we have seen to-date,” said Virgin Hyperloop One CEO Rob Lloyd. “The State of Maharashtra has made a strong commitment to building the first hyperloop route in India. We are looking forward to partnering with the State as well as our partners to make the Pune-Mumbai route a reality.”

For the signing photo, route map, fact sheet, and b-roll click here. Additional media images can be accessed here.

About Virgin Hyperloop One

Virgin Hyperloop One is the only company in the world that has built a fully operational hyperloop system. Our team has the world’s leading experts in engineering, technology, and transport project delivery, working in tandem with global partners and investors to make hyperloop a reality, now. Virgin Hyperloop One is backed by key investors including DP WorldCaspian VC Partners (part of Summa Group), Virgin GroupSherpa CapitalAbu Dhabi Capital GroupSNCFGE VenturesFormation 8137 VenturesWTI, among others. For more information, visit www.virginhyperloopone.com.

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Cooper Standard Names DeBest President, Advanced Technology Group, to Accelerate Material Science Innovations

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NOVI, Mich., Feb. 8, 2018 /PRNewswire/ — Cooper Standard (NYSE: CPS) today announced the appointment of Jeffrey A. DeBest to the newly created position of president, advanced technology group. Based at the Company’s global technology center in Livonia, Mich., he reports to Jeffrey Edwards, chairman and CEO. DeBest was also appointed a member of Cooper Standard’s Global Leadership Team.

In his new role, DeBest will lead the Company’s Advanced Technology Group, responsible for accelerating and maximizing the value stream of Cooper Standard’s material science innovations in non-automotive markets.

“With his extensive operations, engineering, portfolio management and leadership background, Jeff brings the unique skillset required to foster the success of our new Advanced Technology Group,” said Edwards. “Our material science advancements have the potential to transform products across many industries, with near term focus in the construction, wire and cable, and footwear markets, and I’m pleased that Jeff is onboard to lead this endeavor.”

Prior to joining Cooper Standard, DeBest served as chief operating officer of APM Terminals B.V., one of five companies within the Maersk Group of Copenhagen, Denmark. In that position, he had full operational responsibility for the company’s more than 100 terminals and depots, as well as managed its transition from a holding company into an operating company. While at APM Terminals, DeBest held numerous board positions with APM regional companies. He also served as a senior vice president of A.P. Moller-Maersk A/S, where he was a member of its Global Leadership Council.

From 1997 to 2014, he held a series of leadership roles of increasing responsibility at Johnson Controls, Inc. Most recently, he served as group vice president of the auto supplier’s worldwide interiors group. He started his career at Prince Corporation, later purchased by Johnson Controls, as the service parts manager.

DeBest earned a Bachelor of Arts degree in history and a Bachelor of Business Administration degree in marketing from Adrian College in Michigan, a Masters of Business Administration degree with a finance emphasis from Western Michigan University and an Executive Management Certificate from the University of Notre Damein Indiana. Since 2013, he has been a member of Adrian College’s Board of Trustees, currently servicing as vice chairman.

About Cooper Standard
Cooper Standard, headquartered in Novi, Mich., is a leading global supplier of systems and components for the automotive industry. Products include rubber and plastic sealing, fuel and brake lines, fluid transfer hoses and anti-vibration systems. Cooper Standardemploys approximately 32,000 people globally and operates in 20 countries around the world. For more information, please visit www.cooperstandard.com.

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Leoni beats sales and earnings forecasts in fiscal 2017

Sales reach best-ever EUR 4.9 billion – EBIT margin improved significantly to 4.6 percent (previous year: 1.8 percent)

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Nuremberg – Leoni, the leading European provider of cables and cable systems to the automotive sector and other industries, exceeded both its sales and profit targets in the 2017 financial year. Based on provisional calculations, sales were up by 11 percent to a new record figure of EUR 4.9 billion (previous year: EUR 4.4 billion). Earnings before interest and taxes (EBIT) rose substantially to EUR 225 million, up from EUR 78 million in the previous year.

“Leoni returned to a successful course in 2017,” Karl Gadesmann, spokesperson for Leoni AG’s Board of Directors, emphasized. “We managed to improve substantially in operating terms and simultaneously to drive the Group’s strategic repositioning forward.”

The demand for Leoni’s products, systems and services was generally on an encouraging and rising trajectory during the year. With sales of nearly EUR 1.3 billion in the 4th quarter of 2017 (previous year: EUR 1.1 billion), the Company succeeded in boosting full-year income beyond its most recent forecast of EUR 4.8 billion. The bulk of this growth was generated organically.

Operating profit substantially improved

Provisional calculations put Leoni’s EBIT at EUR 225 million, meaning the Company likewise topped its projected figure of EUR 220 million and thus generated an EBIT margin of 4.6 percent (previous year: 1.8 percent). It should be noted with respect to the substantial year-on-year increase in EBIT of about 190 percent that the Company benefited in fiscal 2017 from two exceptional factors involving its disposal of a Business Group and an insurance compensation payout, which together boosted profit by about EUR 30 million. By contrast, restructuring expenses and a loss due to fraud totalling around EUR 70 million weighed on the 2016 financial year. Adjusted for the aforementioned effects, operating profit improved by nearly one third from EUR 148 million in the previous year to EUR 195 million now.

In the fourth quarter of 2017, the additional profit contributions from the increased sales were offset by greater spending – especially involving advance and start-up costs relating to wiring system projects at new facilities as well as investment in digitalization.

A comprehensive report will be provided upon presentation of the final figures for the year at the balance sheet press conference as well as the analyst and investor conference on 20 March 2018. Leoni will then also issue a forecast for the current financial year.

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John Deere Golf Announces Expansion of PrecisionCut™ Fairway Mowers with the 6080A, 6500A and 6700A Models

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The 6080A, 6500A and 6700A PrecisionCut™ Fairway Mowers provide an economical mowing solution

SAN ANTONIO  – Building upon the success of the 8000A E-Cut™ Hybrid Fairway mower and its popular three-wheel platform, turf professionals will soon have additional fairway mower options with the John Deere 6080A, 6500A and 6700A PrecisionCut™ Fairway Mowers. The 6080A, 6500A and 6700A Models leverage all of the fairway mower technologies from the John Deere award-winning A Model family of Fairway, Rough and Trim & Surrounds Mowers. These new A Models were designed out of a customer need for improved budget control while still delivering a fairway mower truly designed for the rigors of fairway applications.

“With tight operating budgets and increasing labor costs, our customers needed a cost-effective solution to get the job done,” said Brad Aldridge, product manager, John Deere Golf. “With this in mind, we challenged ourselves to design a machine that boosts productivity and maintains quality of cut while keeping costs down, and we’ve done that with the 6080A, 6500A and 6700A Models.”

These three new models are true fairway workhorses with a powerful 24.7 HP (18.4 kW) diesel engine, three-wheel smooth tire configurations, and premium performance and comfort features.

Operators will immediately notice that these three models fall in line with existing John Deere A Models demonstrating exceptional cut quality, even on hills, thanks to standard LoadMatch™. The innovative eHydro transmission eliminates linkages between the pedals and the hydrostatic pump. All models feature hydraulic mow circuits, and provide all-day mowing with various width-of-cut options:

  • 6080A PrecisionCut Fairway Mower – 18-inch (45.72-centimeter) QA5 cutting units provide an 80-inch (2.032-meter) width of cut
  • 6500A PrecisionCut Fairway Mower – 22-inch (55.88-centimeter) QA5 cutting units provide an 100-inch (2.54-meter) width of cut
  • 6700A PrecisionCut Fairway Mower – 22-inch (55.88-centimeter) QA7 cutting units provide an 100-inch (2.54-meter) width of cut

Additionally, an eight mph (12.9 kph) mowing speed allows operators to mow more area in less time.

As with all A Model machines, the 6080A, 6500A and 6700A Models also feature the innovative TechControl Display with password-protected supervisory controls. TechControl allows turf managers or technicians to input a wealth of commands, including mow speed, turn speed, transport speed, and service timers, while also providing on-board service diagnostics – giving them complete control over cut quality and performance.

The 6080A, 6500A and 6700A Models also provide several features aimed at increasing machine and operator uptime, including internal hydraulic wet disk brakes that eliminate linkage adjustments and grease points in the brake system, along with a traction drive system requiring only one fluid type for maintenance. Finally, operators will appreciate the comfortable operator station with Command Arm mounted controls that adjust with the seat.

The 6080A, 6500A and 6700A Models provide an outstanding quality of cut in undulating terrain thanks to a rear-attaching yoke on the cutting unit. The trusted A Model Fairway Mower platform provides strength and durability. Combined with the standard GRIP all-wheel drive traction system, these additions climb hills easier without the worries of high side tire slippage.

The 6080A, 6500A and 6700A Models will each be available in 2019. For more information about the John Deere award-winning A Model family of Fairway, Rough and Trim & Surrounds Mowers, contact your local John Deere Golf distributor or visit www.JohnDeere.com/Golf for the latest news and product information.

Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land – those who cultivate, harvest, transform, enrich and build upon the land to meet the world’s dramatically increasing need for food, fuel, shelter and infrastructure. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. For more information, visit John Deere at its worldwide website at www.JohnDeere.com.

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New Hella working environment opened

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Lippstadt, Germany, February 09, 2018. Lighting and electronics expert HELLA continues to invest in the workplace environment of its employees. An innovative office work concept was thus realized at the company headquarters in Lippstadt, providing employees with state-of-the-art workplace equipment and great flexibility in approaching their varied tasks. The modern and open design will make the workplace environment even more attractive to employees while further promoting collaboration inside the company.

“The market’s innovation speed is further accelerating and new players and their ideas are entering the industry all the time. This means for HELLA: we must increasingly favor open and flexible work methods. A workplace environment as we have created in Lippstadt will support us in communicating and collaborating even more across the various functions”, says Dr. Rolf Breidenbach, President and CEO of HELLA, at the occasion of the opening of the new HELLA working environment.

To begin with the new HELLA working environment was implemented on a single level of an already existing building. The new concept provides employees with 1,500 square meters of different work zones – ranging from individual workplaces where quiet concentrated working is possible, lounge areas with sofas and armchairs for creative exchange and spontaneous meetings to think tanks and meeting zones offering space for sustained collaboration in smaller and larger teams. An open working concept supports flexible project work throughout. Different project teams can thus spatially rearrange according to their requirements.

The new HELLA working environment was initially implemented at four departments with 112 employees from the functional divisions IT and Process Management, which jointly drive process standardization and improvement at HELLA. The spatial consolidation of those departments allowed HELLA to simultaneously create a “process house” for those employees who coordinate the internal company processes in the best possible manner and who harmonize all relevant business processes and implement them worldwide. Other existing spaces and newly planned buildings, such as the new visitor, administration and exhibition center near the company headquarters at the Rixbecker Strasse in Lippstadt are intended to follow the same principle.

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Gestamp appoints a new Finance Director

Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has agreed to appoint Miguel Escrig as its Finance Director. With this decision, the Group strengthens the organization to continue to accomplish its future growth plans.

Miguel Escrig holds a degree in Industrial Engineering and a Master in Business Administration (MBA) from IESE Business School (Barcelona). He has spent most of his professional career at Telefónica where he was the Group’s Financial Director between 2010 and 2016. Prior to Telefónica he held several positions in the banking sector in companies such as JP Morgan, Banco Santander and Banco Popular.

Escrig replaces Francisco López Peña as Finance Director, who held the position since 2008 and was appointed Chief Executive Officer (CEO) of Gestamp last December.

Organizational changes announced in December 2017

Gestamp, which made its debut as a publicly listed company on April 7th 2017, announced the appointment of Francisco López Peña as its new CEO at the end of 2017. He has assumed the oversight of the industrial operations within the Group, finance direction and other corporate duties.

Francisco J. Riberas role as Executive Chairman of Gestamp remains unchanged. Mr Riberas focuses on the Strategy and Corporate Development, as well as key commercial relationships with Gestamp’s customers. He also leads Corporate Governance issues and institutional representation of the Group.

About Gestamp Automoción

Gestamp is an international group dedicated to the design, development and manufacture of metal automotive components. The Group specializes in developing innovatively designed products to achieve increasingly safer and lighter vehicles, thereby reducing energy consumption and environmental impact.

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ZF Launches Joint Venture with Chinese listed Company Anhui Heli Co., Ltd.

  • Cooperation supports ZF’s activity in the forklift truck segment; strengthens Heli’s core competitiveness in forklift trucks
  • The joint venture gives ZF access to the biggest and fastest growing forklift truck market in the world
  • ZF delivers forklift truck products (transmissions and axles) from its Chinese plant in Hangzhou

Friedrichshafen/ Hefei. ZF Friedrichshafen AG will enter into a joint venture with Chinese company Anhui Heli Co., Ltd. The company, named ZF-HELI Drivetech (Hefei) Co., Ltd., will allow ZF access to the Chinese market, the biggest and fastest growing region for forklift trucks. In addition, ZF will strengthen its extensive product portfolio with Anhui Heli products.

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China is an important, strategic growth market for ZF Friedrichshafen AG. The ZF Industrial Technology Division and the Material Handling Systems Business Unit will now be able to participate in this growth via a new joint venture with Chinese listed company Anhui Heli Co. Ltd.

“With Heli, we have found a partner with an outstanding level of expertise in forklift trucks. This company is the market leader in China and the seventh largest company in the forklift truck segment worldwide. By combining ZF’s products in the premium and high-tech segments with Heli’s cost optimized products we are able to create a systems supplier with a comprehensive product range for hydrodynamic and electrically powered forklift trucks,” said Wilhelm Rehm, Member of the Board of Management of ZF and responsible for the Industrial Technology and Commercial Vehicle Technology Divisions.

ZF will deliver its forklift truck products (transmissions and axles) from its Chinese plant in Hangzhou to the joint venture. Heli will also contribute part of its own transmission and axle production.

ZF has 51-percent share ownership in the joint venture. As a result, it can now implement its “best choice” approach both in China and internationally. The company offers customized products in the basic, highline and premium segments.

This joint venture targets Heli as a customer, as the company is currently both a supplier and a customer as well as a manufacturer of complete forklift trucks. In addition, ZF will be able to meet customers’ wishes with these products, both in Asia and worldwide.

ZF Friedrichshafen AG

ZF Friedrichshafen AG, also known as ZF Group, and commonly abbreviated to ZF (ZF = “Zahnradfabrik” = “Gear Factory”), is a German car parts maker headquartered in Friedrichshafen, in the south-west German region of Baden-Württemberg.

Specialising in engineering, it is primarily known for its design, research and development, and manufacturing activities in the automotive industry. It is a worldwide supplier of driveline and chassis technology for cars and commercial vehicles, along with specialist plant equipment such as construction equipment. It is also involved in rail, marine, defence and aviation industries, as well as general industrial applications. ZF has 230 production locations in 40 countries with approximately 138,000 employees. ZF Friedrichshafen is more than 90% owned by the Zeppelin Foundation, which is largely controlled by the town of Friedrichshafen.

About Anhui Heli Co., Ltd.

Anhui Heli is a Chinese construction equipment maker, primarily known for producing forklift trucks. With about 1 billion USD in turnover for forklifts, Heli is the largest maker in China and the 8th-largest in the world based on a ranking by 2011 sales revenue compiled by Modern Materials Handling.

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DENSO Taps Technical Expert Takuya Oikawa to Enhance Information and Communications Technology Business

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KARIYA (Japan) ― DENSO Corporation, one of the world’s largest automotive suppliers, today announced it has agreed to a technical adviser contract with Takuya Oikawa, a leading global developer of software products.

The global automotive industry continues to shift dramatically, with greater concentration on electrification, automated driving and connected driving. Competition from other diverse industries and new players looking to enter the space likewise increases. DENSO is committed to being a world leader ushering in this future of mobility, and views information and communication technology (ICT) as a core path to accelerate new innovations through cloud platforms and open source software.

DENSO’s technical adviser contract with Oikawa will help upgrade its ICT and promote businesses in electrification, automated driving, and connected driving. Doing so pushes DENSO’s open business and development beyond merely manufacturing automotive components, delivering products to meet society’s changing transportation needs.

Main contents of the adviser contract:

  • Formulation of ICT-related business strategies and support for planning, development, sales, and operation of relevant products and services
  • Support for organizational design including recruitment strategy, skill assessment, and career planning for ICT engineers
  • Investigation into possible partnerships with ICT-related companies, and support for negotiations

Profile of Takuya Oikawa

Oikawa, a graduate of Waseda University’s School of Science and Engineering, led the development of the international versions of Windows at Microsoft after working for a foreign-affiliated company. He then joined Google and served as engineering manager of the Chrome Web Platform team before later joining Increments, Inc. which hosted Qiita, a Japanese software engineer knowledge-sharing community service. He has long worked on standardization and developers community, including infrastructure, security and web technologies. Most recently, Oikawa evangelized product management and engineering management in Japan. He became independent in 2017. 

About DENSO Corporation

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

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