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[$$] Auto-Parts Firm Tenneco Looks to China for Growth (at The Wall Street Journal Online)
8th June 2009
Alternative energy company Quantum Fuel Systems Technologies Worldwide Inc. on Friday said its German partner, Asola, has opened a new solar-cell factory.
Fiat CEO Sergio Marchionne said Friday that the Italian automaker hasn’t given up on Germany’s Opel, even though a tentative Opel takeover deal by rival bidders Magna International Inc. and Russia’s Sberbank was moving ahead.
Quantum Fuel Systems Technologies Worldwide, Inc. today announced that its German affiliate, Asola has unveiled a new state-of-the-art facility that will produce crystalline silicon solar photovoltaic modules for the global markets.
NEW HAVEN, Conn.—-Proliance International, Inc. , a leading global manufacturer and distributor of aftermarket heat exchange and temperature control products for automotive and heavy-duty applications, today announced that it has received notice from the NYSE Amex LLC that the Company was not in compliance with the continued listing standard in Section 1003 of the Exchange’s Company Guide.
BEIJING—-Tenneco Inc. announced today that it has formed a new joint venture with Beijing Hainachuan Automotive Parts Company Limited to produce vehicle emission control exhaust systems for the China market.
Russia’s Sberbank plans to sell its stake in Opel to another Russian investor, its chairman said on Thursday. German Gref said that his bank and Canadian parts supplier Magna International would commit EU500m to General Motors’ spun-off European business but that Sberbank would later sell its stake.
Shares of American Axle and Manufacturing Holdings Inc. rose sharply Thursday after the company expressed confidence that it would remain viable, despite the problems roiling the auto industry.