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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
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    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
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    State government in India to take over Dunlop plant from Ruia Group – report
    The West Bengal state government in India has decided to take over management control of two ailing companies of the Pawan Ruia Group, Dunlop India and Jessop, reports Business-Standard. Dunlop India makes tires for trucks and buses at its two production facilities, one in Sahaganj in West Bengal and other in Ambattur, Tamil Nadu. However, the company has not been able to operate these plants due to financial problems.  State Industry and Commerce Minister Amit Mitra tabled two bills â...
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    Dunlop to reopen Indian tire plant after nearly three years
    Dunlop India will reopen its Sahganj tire manufacturing plant in West Bengal this week (25 September) after nearly three years, according to Press Trust of India (PTI). The Ruia Group-owned company announced its decision to resume production at the plant after a tripartite meeting held in presence of state labour minister Malay Ghatak. Dunlop India had suspended work at the Sahganj plant in October 2011 citing low and order problems. “Today in a meeting chaired by the minister a tripartite...
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    Court asks Dunlop India to deposit USD1.9m before considering stay
    The Calcutta High Court has directed Dunlop India to deposit INR100m (USD1.9m) before it considers a prayer for stay on the winding-up order passed by a trial court last week, reports the Press Trust of India. The Pawan Goenka Group-owned Dunlop India had approached a sessions court for a stay on winding-up order passed by the trial court.   The sessions court, while directing the official liquidator not to take any further step until Wednesday (6 February), asked the Dunlop counsel to...
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    Court orders winding up of Dunlop India
    An Indian high court on Thursday (31 January) ordered winding up of struggling tiremaker Dunlop India’s operations and has asked the official liquidator to immediately take possession of the company’s assets, reports Press Trust of India. The court passed the order after hearing a winding-up petition moved by Dunlop India’s creditors. The company operates two manufacturing plants in India, one in Sahganj, West Bengal and another in Ambattur, Tamil Nadu. If implemented, the order would ...
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    Schlegel Automotive Europe set to lay off over 200 employees
    Schlegel Automotive Europe is laying off more than 200 employees at its Coalville facility in Leicestershire (England), according to a BBC report. Besides, the company has hired Springfield Business Recovery administrators to seek out potential buyer for the troubled company. The administrator is currently undertaking an overall review process of the company to access the viability of continuing to trade. Jobs of more than 200 employees from a total of around 350 people are at stake, reports BBC...
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    Dunlop India plans to reopen West Bengal plant
    Indian tyre maker Dunlop expects to start operations again at its Sahaganj, West Bengal, factory, reports Business Standard. The company is seeking a stay on the order appointing a provisional liquidator for Dunlop from the Calcutta High Court. The company says that it expects to reopen the Sahaganj facility within a week. Company counsel, Kalyan Banerjee, told the division bench, “The company officials Monday (2 April) met key ministers and discussed on the ways of reopening the plant. We are...
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    High court passes order for liquidation of Dunlop India’s assets
    An Indian high court has ordered the liquidation of the PK Ruia Group-owned Dunlop India, reports The Economic Times. The Calcutta High Court has ordered the appointment of an official liquidator with immediate effect to take over the struggling tyremaker’s current assets as well as secure those illegally sold few years ago. The company operates two manufacturing plants in India, one located in Sahganj, West Bengal and another in Ambattur, Tamil Nadu. The PK Ruia Group acquired Dunlop India f...
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    Dunlop India suspends operations at Ambattur plant citing labour unrest
    Dunlop India has suspended operations at its Ambattur tyre manufacturing plant, near Chennai, Tamil Nadu (India) citing labour unrest, reports The Economic Times. The Ruia Group-owned tyre company is also planning a major restructuring exercise at the plant which could result in lay off of employees. The tyre plant employs about 500 workers and has a production capacity of 80 tonnes a day. In a regulatory filing to the Bombay Stock Exchange (BSE), the company said that it was suspending opera...
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    Government asks Dunlop to revoke suspension notice at Sahaganj plant in India
    The West Bengal government has asked Dunlop to call off suspension of work at its plant in Sahaganj in Hoogly, West Bengal (India) and hold talks to resolve the issue, reports Mint, a business daily in India. Dunlop, last week, suspended work at the plant which employs around 872 permanent and 450 temporary workers. The company cited financial crisis, labour and law and order issues as the main reasons for stopping work at the plant. In this regard, West Bengal’s industries minister Partha Cha...
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    Pawan Ruia resigns as Dunlop Company Director
    Dunlop India's Pawan Kumar Ruia has resigned as Company Director with effect from 10 August 2011, the company informed the Bombay Stock Exchange. Previously, in January this year, Ruia also stepped down as the Chairman of Dunlop’s Board of Directors. According to a statement from the company, Pawan Ruia chose to resign as the Director of all the operating subsidiaries to focus on further growth of the Ruia Group with a vision of further professionalising the operations of these companies. S...
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    Latest Mergers and Acqusitions
    Acquirer Acquired Business Sector Comment Sogefi Mark IV Systemes Moteurs Engines 22 June 2011 - Italy-based auto suspension and filters parts supplier Sogefi signed an agreement to acquire the business of French parts maker Mark IV Systemes Moteurs. The acquisition is valued at EUR150m. The agreement is expected to be finalised in the third quarter of 2011, subject to regulatory approvals.The acquisition expands Sogefis presence in air intake and engine cooling systems segment. Con...
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    Ruia Group plans to acquire Autoline Industries – report
    Indian supplier Ruia Group is in talks to buy sheet metal components supplier, Autoline Industries, reports the Economic Times. Valuation of the Pune (India)-based supplier is reported to be worth INR2.5bn (USD54.8m). Significance: The deal expands Ruia Group’s acquisition portfolio. The company has been on an inorganic growth drive since 2008, and has stepped up buying activities significantly in 2011. Since the beginning of 2011, Ruia Group has acquired three sealing manufacturers (Sealynx...
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    Latest Mergers and Acquisitions
    Acquired Business Sector Comment Hilite International Powertrain 19 May 2011- Private equity firm, 3i Group, has signed an agreement to acquire majority stake in Hilite International. Financial terms of the deal have not been disclosed. For the deal, Houlihan was the financial advisor for 3i and Lazard provided advisory services to Hilite International.Hilite International manufactures powertrain and emission products from six plants in Asia, Europe and North America. Some of the key cust...
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    Ruia Group expands sealing portfolio, acquires Sealynx Automotive in France
    Ruia Group has acquired France-based sealing manufacturer, Sealynx Automotive, reports the Economic Times. The deal was approved by the Commercial Court of Nanterre in France on 16 May 2011. After the acquisition, the company has been renamed Ruia Sealynx SAS. Financial details of the transaction have not been disclosed.     Significance: The deal bails out the troubled French company from bankruptcy proceedings. Sealynx Automotive suffered serious financial losses after the econ...
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    Ruia Group acquires two automotive sealing players in Europe
    Ruia Group has signed binding agreements to acquire two European automotive sealing companies—Turkey-based Standard Profil and Germany-based Meteor Gummiwerke, reports the Business Standard.  According to Pawan Kumar Ruia, Group Chairman, the company signed the agreements in the first week of May and the acquisition process is expected to complete by the third quarter of 2011. Without disclosing the sum, the company said that it has acquired Standard Profil from London PE fund and Meteor ...
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    Dunlop rolls back lay-off notice at West Bengal facility
    Dunlop India has issued a notice to its workers to resume operations at its Sahaganj facility in West Bengal (India) on 5 April 2011. The company has been directed by the state government to withdraw the notice it had issued on 3 April announcing lay-offs in its workforce. In the current notice, the workers have been requested to join back on 7 April 2011.   The trade unions including Centre of Indian Trade Unions (CITU), Indian National Trade Union Congress (INTUC) and Indian National...
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    Latest mergers and acquisitions
    Acquirer Acquired Business Sector Comment ElringKlinger Freudenberg's Static Flat Gaskets business Engines 10 January 2011 - ElringKlinger completed the purchase of Freudenberg's Static Flat Gaskets business, effective 1 January 2011. The business encompasses activities in cylinder-heads and exhaust system gaskets. The units were part of Freudenberg's Static Metal Gaskets division with facilities in Eurasburg and Geretsried-Gelting (both Germany), Chamboret and Nantiat (both Franc...
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    Ruia Group acquires Acument GmbH in Germany
    India's Ruia Group has acquired another German component supplier, Acument GmbH & Company, reports Newswire18. The German company manufactures fasteners for automakers such as Ford, Daimler, GM, and Volkswagen. The Ruia Group said: "The assets have been bought through the insolvency proceedings initiated by the owners of Acument, which has been suffering due to global economic downturn that has hit the European automobile industry." The acquisition gives the group access to Acument's product...
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    Latest mergers and acquisitions
    Acquirer Acquired business Sector Comment Ebersp�cher Ricardo's German exhaust business Exterior 29 July 2010 - Eberspacher announced an agreement to buy the Prototechnik exhaust manufacturing business from Ricardo. The sale includes the transfer of business, employees, plant, equipment and inventories for €2m. The disposal is subject to regulatory approval and assets worth €2.8m which will be written off following the deal. Ricardo plans to focus exclusively on its cor...
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    Ruia Group plans to acquire European auto components manufacturer
    India-based Ruia Group is planning to acquire a European auto components manufacturer. The group has shortlisted around two to three European suppliers and intends to acquire one of them soon. Earlier in 2009, Ruia Group acquired Schlegel Automotive Europe Ltd, a British auto component manufacturer. During the same year, the company bought German automotive sealing systems manufacturer, Henniges Automotive Grefarth GmbH. According to company officials, both the companies are performing well and...
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    The international expansion of Indian suppliers
    As global component suppliers continue to join the India-bound bandwagon, local suppliers are bracing themselves to become major international players as the region becomes one of the fastest growing automotive markets in the world. What started as exporting whatever surplus components suppliers were left with after meeting local demand, has grown by moving towards a well-defined export target into having a greater presence in global automotive supply chain. Having established a reasonable pres...
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    Latest merger and acquisition activity
    Acquirer Acquired Business Sector Comment BAIC Saab Assets Powertrain & Tooling 15 December 2009 - Saab has announced the sale of some of its tooling and powertrain technologies to Chinese company Beijing Automotive Industry Holdings Co. Ltd (BAIC). BAIC will integrate powertrain technology from the current-generation Saab 9-3 and 9-5 in its vehicles. The company will get all rights to the current 9-5 as well as some technologies from the 9-3 and the tooling of Saab 9-5 to man...
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    Ruia Group acquires 60% interest in Henniges Automotive
    Ruia Group, owner of Dunlop Tires, has acquired a 60% stake in the German sealing system supplier Henniges Automotive. The acquisition was accomplished through a Mauritius-based legal entity Wealth Sea Holdings. The new company has been named as Draftex. Yet, the value of the acquisition has not been disclosed by both the parties. As part of the deal, German court has appointed an administrator Wolf Von Der Fecht who will hold a 25% stake of the bankrupt supplier, while Henniges’ Director Jur...
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    Dunlop to invest INR4.5bn in new tire plant in India
    Dunlop India is planning to invest close to INR4.5bn (US$103.9m, 19 August 2008) in a greenfield tire manufacturing facility. The plant to be located in the north-eastern state of Assam will start production in 18 months. The company has already acquired 60 acres of land near Guwahati airport for the facility. Dunlop will receive excise benefits and a 30% capital subsidy under a scheme to encourage industrial development in the north-east. The facility will source rubber from the nearby state ...
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    Ruia Group acquires Metzeler Automotive Profile Systems UK
    India-based Ruia Group has acquired Metzeler Automotive Profile Systems UK Ltd for an undisclosed sum. The Group completed this acquisition through its special purpose vehicle, Global Finvest Ltd, within three weeks. The UK-based Metzeler Automotive Profile Systems is one of the major suppliers of rubber-based sealing systems. The company has a manufacturing plant in Coalville, Leicestershire and employs around 500 people. The company mainly supplies to BMW and Bentley. Other customers include ...
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    Latest merger and acquisitions
    Acquirer Acquired Business Sector Comment Affinia HBM Investment Limited Brake components 3 July 2008 - Affinia Group inc. will acquire an 85% stake in HBM Investment Limited – the parent company of Longkou Haimeng Machining Company Limited (Haimeng). The deal, valued at US$49.2m, is likely to be closed by September 2008. China-based Haimeng is a global supplier of brake components such as brake rotors, drums and shoes. ArvinMeritor Trucktechnic Brake components 4 July...
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    Dunlop to ramp up facilities
    Dunlop India Ltd. will invest INR1.5bn to refurbish its facilities in Ambattur and Sahagunj (India). The investment will be funded from internal accruals and a loan of INR350 crore from foreign banks. In October 2006, the Sahagunj unit reopened, five years after its closure.  It was the second attempt to start operations since the unit’s closure. The plant in Ambattur also reopened in September 2006, after operations were shut eight years ago. In 2006, Ruia group acquired Dunlop India and...
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    Ruia to expand Falcon Tyres capacity
    Ruia Group, based in Kolkata (India) is planning to invest INR2bn in Falcon Tyres to set up a facility in Uttaranchal (India) that will manufacture tires for two and three wheeler vehicles. The company owns a 74% stake in Falcon Tyres.An initial investment of INR700m will be used for capacity expansion and setting up of a 6 megawatt power plant. Falcon Tyres’ capacity will be increased to 7,50,000 units a month from the current 4,75,000 units a month. Its tube capacity is being raised to 7,50,...
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    Ruia Group (India) eyes tire company
    Ruia Group based in Kolkata (India) is planning to acquire the Mumbai (India) based Monotona Tyre Ltd (MTL). The companies have declined to comment on the issue.The transaction may be carried out through Falcon Tyres, which the Ruia Group had acquired, or through an investment unit of the company.MTL reported sales of INR1.5bn and a net profit of over INR50m in the financial year 2005.
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    Merger and Acquisition activity November/December 2005
    Month Company Acquirer Sector Notes December Dunlop India and Falcon Tyres Ruia Group Tyres Ruia group acquired Falcon tyres and Dunlop India for US$43.0m. Both companies were part of the Dubai based Jumbo group. Dunlop India had long been in trouble, facing labour problems. December Torch Automobile Group Weichai Power Co. Cross country vehicles and automotive parts Weichai Power purchased a 28.12% stake in Torch Automotive group in an auction, from Torch's former parent Xin...
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