American Axle’s net income up 14% on record sales
American Axle & Manufacturing Holdings Inc. (AAM) announced its net income rose 14% to US$ 89.4 million during the first quarter of 2018, boosted by record sales resulting from its acquisition last year of Metaldyne Performance Group Inc. First quarter sales of the Detroit-based driveline suppl...
Net income of automotive supplier Dana Inc. hikes 44% in first quarter
Ohio-based automotive supplier Dana Inc. saw its net income hike 44% to US$ 108 million during the first quarter of 2018 on stronger demand across commercial, off-highway and light-vehicle business lines. "In the first quarter, Dana's sales growth outperformed the market with 26% higher revenue, in...
Korean manufacturer LS Automotive builds US$ 60 million plant in Nuevo Leon
LS Automotive Technologies Co. (LSAT), a Korean manufacturer of automotive components, announced it broke ground in recent days to build a new plant in the municipality of Guadalupe, Nuevo Leon in Northern Mexico.  LSAT will invest US$ 60 million in the 40,000 square meter site at the FINSA indust...
LG acquires automotive lighting supplier ZKW for US$ 1.31 billion, including a plant in Guanajuato
Korean manufacturer LG Electronics announced its Board of Directors has approved the acquisition of Austrian automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion (US$ 1.31 billion), LG's largest acquisition to date.  Under the terms of the tr...
Prent Corp. to open plant for medical packaging solutions in Tijuana
Prent Corp., a Wisconsin-based manufacturer of packaging solutions for the medical and electronics sectors, announced is building a 45,000-square-foot advanced manufacturing facility in Tijuana, Mexico. The company’s eleventh facility worldwide, first in Mexico, will be a world class, ISO 9001-ce...

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