End Markets>>Automotive

China XD eyes $289 million boost from Chinese bank

Compounder China XD Plastics Co. Ltd. said it has tentatively lined up a 2 billion yuan ($289 million) capital infusion from China Construction Bank as it faces a slowing Chinese auto market and continued criticism from investors over a stalled privatization plan.


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Engel event focuses on Asia's auto industry

Austrian injection molding giant Engel Holding GmbH, one of the world's largest makers of plastics equipment, put a focus on the auto industry in Asia with its "trend scout" event in Shanghai.


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BASF, China's GAC unveil concept electric cars

German chemical company BASF SE and the research and development center of Guangzhou Automobile Group Co Ltd. (GAC) have introduced three co-developed electric concept cars featuring BASF materials and solutions.


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Yanfeng pushes ahead on Industry 4.0

Chinese-U.S. joint venture Yanfeng Automotive Interiors has put some serious work in to building Industry 4.0 capabilities over the last two years.


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Spain’s Antolin expands China auto footprint

Global auto interiors specialist Grupo Antolin has consolidated its position in the world's largest car market with the launch of a new headliners plant in northeast China.


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German auto parts maker execs resign after Chinese acquisition

Members of the executive board of German parts manufacturer Grammer AG have resigned following the company's acquisition by its Chinese joint venture partner Jiye Auto Parts GmbH.


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China's Minghua planning additional facility in South Carolina

Auto parts maker Minghua USA Inc. is planning an investment of at least $29 million in an additional facility in Greer, S.C., that could result in 79 new jobs.


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China XD: Tighter Chinese credit hurts privatization push

Tightening credit in China is complicating efforts by U.S.-listed compounder China XD Plastics Co. Ltd. to take itself private, as well as denting its sales growth, according to company executives.


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Report: Expect auto tooling pace to pick up in second half of 2018

The North American automotive tooling sector has experienced a slower-than-predicted first half of 2018, with a significant amount of business pushed out to the second half, according to the second-quarter tooling barometer issued by the Original Equipment Suppliers Association and Harbour Results Inc.


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China's Rebo has big plans for US auto lighting growth

In the North American vehicle lighting market, one player's desire to cash out was the ticket for another player to join in.


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