On March 28, Vimi Fasteners announced the supply of special screws for engines used by European supercar manufacturers. The company has a long tradition of supplying high-performance engine fastening systems, with products such as connecting rod bolts, head studs, and flywheel bolts.
Vimi Fasteners' R&D on titanium

On February 12, Karnataka hosted the Invest Karnataka 2025 Global Investors Meet, bringing together policymakers, industry leaders, and investors. The event saw a total of 15 Japanese firms sign memorandums of understanding (MoUs) and pledge INR 75 billion to the Karnataka government.
Toyota Kirloskar Motor Private

On March 4, Michigan Governor Gretchen Whitmer began a five-day investment mission in South Korea and Taiwan, announcing also the opening of the Michigan Taiwan Office, focusing on securing investments in key industries including automotive, semiconductors, renewable energy and advanced manufacturing.
During the Mich

In an investor update, Sundram Fasteners Limited announced during Q2 FY2024 ending September, that in the EV business, it has started off with manufacturing bevel gears and pins. It is also making fasteners for power train components and various kinds of shafts that go into e-axle and E-drive. It already has a couple

On July 19, the Ministry of Economy and Industry, Bulgaria announced that Dutch company Nedschroef has opened a new plant for the production of high-tech, critical components for cars in Stara Zagora with an investment of over BGN 50 million. The 30,000 square meters plant was designed and executed by the German divi

Sundram Fasteners Limited announced that it has already spent approximately INR 3 billion this year in Capex and is expected to spend the targeted INR 10 billion in the next couple of years, leaving a balance of INR 7 billion. The company's expansion plans are primarily focused on wind energy and hot forging vertical

Sundram Fasteners Limited (SFL) announced that its powertrain components division has received the prestigious supplier of the year award from General Motors (GM) at its 31st annual supplier of the year awards. This marks the tenth time that SFL has received the award. SFL's range of products includes key automotive

Reported on February 14, 2023, Boltun Vietnam’s fastener and stamping articles manufacturing project has earned an Investment Registration Certificate worth USD 165 million.
This project, funded by Taiwan-based Boltun Corporation, one of the world’s largest suppliers of auto fasteners and metal parts, and QST Interna

Sundram Fasteners (SFL), announce that it has been awarded a USD 250 million contract by a leading global automobile manufacturer for the supply of sub-assemblies for its electric vehicle (EV) platform. The company plans to invest INR 2 billion to support the new orders under the six-year-long purchase package involv

LISI Group (LISI AUTOMOTIVE) announced that its Former plant in Delle is among the 10 winners of the France 2030 call for projects to diversify subcontractors in the automotive industry. The Delle plant has been awarded EUR 916,500. The Delle Transformation project aims to respond to the new type of fasteners for EVs

On October 7, Rivian Automotive announced it is recalling almost all the vehicles it has delivered to customers in order to tighten a loose fastener that could potentially affect drivers' ability to steer.
The company said it is recalling about 13,000 vehicles because a fastener connecting the vehicles' front upper-c

On September 14, Polestar announced that twelve new partners joined the Polestar 0 project. New partners include Pensana for Independent and sustainable supply of rare earth materials, Boliden for Copper and other metals, Papershell for advanced fiber composite based on paper, Sekab for bio-based chemicals, Bulte for

LISI Group announced that the LISI AUTOMOTIVE division maintained very positive momentum in order intake for new products at 16.2 % of half-year sales (13.7 % in H1, 2021), i.e. approximately EUR 43 million over the half-year (EUR 35 million in H1 2021). These order intakes are particularly well oriented in "Screwed

Sundram Fasteners Limited, a TVS Group company, at its annual general meeting, announced that it preferred an application for setting up projects for the manufacture of “Advanced Automotive Technology (AAT) Components” under the Production Linked Incentive (PLI) scheme of the Government of India. The Ministry of Heav

LISI AUTOMOTIVE (LISI Group) announced the conclusion of a commercial partnership between its subsidiary "NOMEL", known for its technical washers, and the American company Rotor Clip, which specializes in elastic rings. This partnership was signed between the two companies on May 6, 2022, in Somerset, New Jersey USA.

Sundram Fasteners Limited announced that during the financial year that ended on March 31, 2022, it incurred INR 1.5 billion towards capital expenditure as part of capacity expansion of existing lines of business. The capital expenditure was incurred to augment capacities for meeting the increase in the volume of bus

American Axle & Manufacturing Holdings, Inc. (AAM) announced that it has entered into a definitive agreement under which AAM will acquire Tekfor Group for an enterprise value of EUR 125 million. The transaction is expected to close in the second quarter of 2022. Based in Hausach, Germany, Tekfor Group is a leading sp