Toyota Motor announced that it will recall specific Toyota Tacoma models from the 2024 and 2025 model years due to a potential brake fluid leak. The recall affects Toyota Tacoma models with four-wheel drive equipped with 16-inch brakes and 17-inch Toyota wheels. Approximately 106,000 vehicles in the U.S. are affected

On March 17, Ford announced in documents posted on the U.S. National Highway Transportation Safety Administration (NHTSA) site it is recalling more than 1.5 million vehicles in the U.S. in two separate actions to fix leaky brake hoses and windshield wiper arms that can break. Two largest recalls are as follows;
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Kongsberg Automotive announced that its Fluid Transfer Systems (FTS) business unit has secured a contract worth EUR 58 million in estimated lifetime revenue and average annual revenue of EUR 14.5 million. The four-year contract covers Kongsberg Automotive’s Fluoro-Comp hose, and stainless-steel braided PTFE brake lin

Continental AG (Continental) announced that it offered a series of products and solutions to Geely Auto Group (Geely) for the all-new Xing Yue L compact SUV. Continental’s proprietary information display system controllers developed in China separated controllers and LCDs for the first time, increasing flexibility in

SAIC General Motors Corporation Limited (SAIC GM) planned to recall part of MY2015-2018 Buick Envision vehicles that were manufactured between July 28, 2014 and February 11, 2018 beginning on December 31, 2020, according to an announcement of the State Administration for Market Regulation of China on November 27. A t

LS Mtron Ltd. announced that the company reached an agreement with Cooper-Standard Automotive Inc. regarding the sale of an 80.1% stake in its automotive parts business to the US company. Based on the deal, LS Mtron is going to withdraw from the market of brake hoses, power steering hoses, charge air-cooler hoses and

Nichirin Co., Ltd. announced that it will acquire 40% of the shares of its Spanish joint venture, Hutchinson Nichirin Brake Hoses, S.L. (HNBH), from Hutchinson S.A. for approximately EUR 6 million. This transaction will allow Nichirin to increase its stake in HNBH from the current 30% to 70%. HNBH, which was establis

Nichirin Co., Ltd. announced that it started supplying brake hoses for GM's Chevrolet Cruze in May 2015. Nichirin Vietnam Co., Ltd. delivers the brake hoses to GM’s facilities in North and South America as well as in China, while Hutchinson Nichirin Brake Hoses, S.L., Nichirin's affiliate in Spain, supplies the produ

China National Chemical Corporation (ChemChina) announced on March 23 that the company will acquire the Italian tire manufacturer, Pirelli. The purchase amount is expected to reach EUR 7.1 billion.
ChemChina through its wholly owned subsidiary China National Tire & Rubber Co. (CNRC) signed with Camfin S.p.A. and its

Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. announced that its inspection center has passed a screening by the China National Accreditation Service for Conformity Assessment, obtaining a national certification. The center was established in 1989 to perform a series of testing based on various industrial a