Toyota-affiliated supplier Denso Corp. is acquiring a 50 percent stake in ADASENS Automotive, a German producer of driver assistance systems.
Daily Archives: September 29, 2013
Man faces trial in alleged $1 million trailer theft and recycling scam
The former president of a Slate Belt recycling facility accused of selling stolen trailers for scrap must face criminal charges in Northampton County Court, District Judge Todd Strohe ruled after a preliminary hearing Wednesday.
Pennsylvania state police testified that Christopher Warnicke, 38, admitted he knew trailers brought to Fatzin Recycling in Washington Township had been stolen.
USA Truck rejects $242 million offer
Van Buren, Ark.-based USA Truck on Thursday rejected a $242 million buyout bid from Knight Transportation Inc. of Phoenix.
The total value of the proposed transaction includes USA Truck’s $147 million of outstanding net indebtedness.
Connected car market to reach $131.9 billion globally by 2019
According to a new market report published by Transparency Market Research “Connected Car Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013- 2019,” the global connected car market is expected to reach $131.9 billion by 2019, growing at a CAGR of 34.7 percent from 2013 to 2019. 4G/long-term evolution (LTE) technology is in a commanding position due to its lower operating costs associated with high data transmission volumes as compared to other technologies.
VW workers at Tenn. plant allege misleading UAW tactics in organizing push
A Washington anti-union group filed complaints with the National Labor Relations Board on behalf of eight workers who allege they were misled by UAW officials attempting to organize Volkswagen Chattanooga assembly plant.
