Hyundai Motor Group to Build U.S. EV, Battery Plant

Hyundai Motor Group has entered into an agreement with the state of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S, the automaker announced. The investment aims to support Hyundai’s goal of expanding its electric mobility presence in the U.S. market, the company said. “As one of the… Continue reading Hyundai Motor Group to Build U.S. EV, Battery Plant

Lear to Acquire I.G. Bauerhin

Lear Corporation today announced it has entered into a definitive agreement to acquire I.G. Bauerhin (IGB), a privately held supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules.

Lear Corporation has entered into a definitive agreement to acquire I.G. Bauerhin (IGB), a privately held supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors and electronic control modules. Lear will acquire IGB for $149 million, on a cash- and debt-free basis, the company said. The transaction, subject to regulatory approvals and… Continue reading Lear to Acquire I.G. Bauerhin

Tri-State Enterprises Named AAM Group Member of the Year

The AAM Group honored Tri-State Enterprises as its 2022 Member of the Year at the organization’s annual Membership Meeting held May 10–12 in Frisco, Texas, the organization announced. According to the group, each year AAM makes the selection based on five key metrics: active participation, growth as a percentage, marketing participation, participation in group buys,… Continue reading Tri-State Enterprises Named AAM Group Member of the Year

Petersen Museum Celebrates 1932 Ford Anniversary with New Exhibit

The Petersen Automotive Museum will honor the 90th anniversary of the 1932 Ford with a new national holiday, Hot Rod Day on June 11, and celebrate the special day with its new “Ford Fever: The Deuce Turns 90” exhibit in the Ross and Beth Myers Gallery, the museum announced. Opening to the public on June… Continue reading Petersen Museum Celebrates 1932 Ford Anniversary with New Exhibit

Porsche Revives Rennsport Reunion

The next Porsche Rennsport Reunion will be held at WeatherTech Raceway Laguna Seca near Monterey, California, from Sept. 28 to Oct. 1 in 2023, Porsche Cars North America announced. It will be the seventh running of the Rennsport Reunion and the fourth time that the California race circuit will hold the event. Further information on… Continue reading Porsche Revives Rennsport Reunion

BorgWarner Jackpot Up for Grabs at Indianapolis 500

BorgWarner continues to increase its rolling jackpot prize for next weekend’s Indianapolis 500, which now sits at $400,000 – raising the stakes for another back-to-back win for last year’s winner, Helio Castroneves, the company announced. To win the jackpot, a driver has to win the Indy 500 two years in a row; this marks the… Continue reading BorgWarner Jackpot Up for Grabs at Indianapolis 500

Meyer Distributing Adds Oregon Tool to Line Card

Meyer Distributing has added Oregon Tool to its outdoor power equipment category, the parts distributor announced. Oregon offers a complete range of replacement parts for outdoor power equipment. Oregon Tool is a manufacturer of professional-grade cutting tools and equipment. Included in Meyer Distributing’s offering will be Oregon’s Gator Blades, with patented features such as Fusion… Continue reading Meyer Distributing Adds Oregon Tool to Line Card

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