The expansion of one of the biggest suppliers in the US, BorgWarner, will continue in 2011 at perhaps a faster pace than in the year before. One sign that expansion is the direction chosen by the ...

Haldex Traction Systems, a Swedish manufacturer of all-wheel-drive systems, plans its first North American factory for 2008 production. The plant is to be built in Mexico, although Haldex CEO Joakim ...

BorgWarner announced that it has signed an agreement to acquire the Traction Systems division of Haldex Group. “This acquisition supports our continuing strategy to be a global technology leader in ...

Global powertrain supplier BorgWarner has completed its acquisition of the Traction Systems division of Haldex Group. From production facilities in Sweden, Mexico and Hungary, the new acquisition ...

STOCKHOLM--(BUSINESS WIRE)--Regulatory News: Jay Longbottom has decided to step down from his position, as CEO of Haldex AB (STO:HLDX). Ulf Ahlén, former Executive Vice President of Haldex Traction, ...

BorgWarner has agreed to pay $205 million in cash for the Traction Systems division of Haldex Group, a Swedish automotive systems manufacturer. For BorgWarner — the world’s largest producer of ...

DETROIT (Bloomberg) -- BorgWarner Inc., the world's biggest maker of automatic-transmission parts, plans to buy Haldex AB's traction unit for about $205 million in cash to expand into all-wheel-drive ...

KANSAS CITY, Mo. — The American CEO of Haldex has announced he is stepping down as CEO of the company effective Dec. 1. Jay Longbottom cited difficulties in managing a publicly-listed company based in ...

If you want a Volkswagen, you’ll buy a Volkswagen. Right? That may be simple enough in the North American market, but overseas buyers can opt for Seat or Skoda versions of the same vehicles. Seats ...

"This acquisition supports our continuing strategy to be a global technology leader in providing powertrain solutions," said Timothy M. Manganello, Chairman and CEO, BorgWarner. "With the acquisition ...

Phillips Industries’ new Cincinnati-area distribution center is now shipping aftermarket trucking parts nationwide, aiming to speed up delivery times for customers.

BorgWarner has acquired HaldexTraction Systems for 205 million USD. This acquisition will allow the company to accelerate its growth in the all-wheel drive market, adding to its large portfolio of ...