Plans by BorgWarner to spin off the Fuel Systems and Aftermarket segments were first announced in December 2022 under its “Charging Forward” strategy.

This moves comes on the back of a major repower bus order in the Capital and to combat competition primarily coming from Chinese OEMs.

With this growing sector of the business, the aim is to have a dedicated team serving existing customers and growing the mobility business, with projected sales revenue expected to reach EUR 80 billion by 2029.

Frasle Mobility is the name of a new business unit of Fras-le S.A. involved in development and manufacture of new composite materials for the transport industry.

Suspensys's Mexican subsidiary Suspensys Sistemas Automotivos Ltda has moved its Mexican operations to Querétaro, while Castertech opens first warehouse abroad in the same city.

The Global Product Management position is a new role, created in order to foster strategic and operational cohesion between the group’s four subsidiaries, while the role of Finance and Human Resources combines two board positions which were previously separate.

The company announced the appointment of Barbaros Oktay to the new role of Head of Bus, replacing Rudi Kuchta in the leadership role of MAN’s bus division.

This new division is the working combination of two formerly independent companies, V.S.E. Vehicle Systems Engineering B.V. (VSE) of Veenendaal, near Utrecht, Netherlands and Hemscheidt Fahrwerktechnik GmbH & Co. KG of Haan, Germany.

‘Phillips Innovations’ will have two focuses: sustainable energy technologies, such as solar power and electrification products; and patented camera and other visual perception devices.

Paletar announced she has removed the position of CEO and reshuffled the management following her acquisition of all the company shares.

From May 2023, ContiTech will be divided into three regional business areas: Industrial Solutions Americas, Industrial Solutions APAC (Asia & Pacific) and Industrial Solutions EMEA (Europe & Middle East).

The automotive components supplier was acquired by private equity firm Apollo on 17 November for approximately USD7.1bn in cash.