Browsing: Industry news

GKN Automotive, a tier one supplier of vehicle drive systems, has completed construction of a new manufacturing facility in Felsőzsolca, Hungary. The site has been built to give the company a base close to key OEM customers in the country, which has become a major player in the automotive industry, with 420,000 cars and 1.9 million engines produced in the country every year

Aequita, an international industrial group, has strengthened its automotive portfolio through the acquisition of TMD Friction, a specialist in automotive brake friction technology. TMD Friction has been acquired from Nisshinbo Holdings, its Japanese parent company

Pratt Miller, a UK-based engineering consultancy, has acquired an AB Dynamics Advanced Vehicle Driving Simulator (aVDS), primarily for use in motorsport applications. The driver-in-the-loop (DiL) simulator is expected to be operational by January 2024