A major automotive supplier plans to build a production facility in the Detroit area and make it the base for its U.S. operations.
Tremec Corp., best known for its high-performance transmissions, plans to invest $54 million in a multi-purpose facility in Wixom, Michigan, according to Crain’s Detroit Business. Besides production of transmissions and powertrain components, the facility will host Tremec’s sales and technical operations, and serve as its American headquarters. (Read More…)
Developing cars and pieces thereof is getting increasingly costly, and that’s why even the fiercest rivals band together to share the mounting financial burden. GM and cross-town rival Ford agreed to jointly develop a new line of nine- and ten-speed automatic transmissions, Reuters says. (Read More…)
What do the Volvo XC60 and Lexus RX F-Sport have in common? Not much. Yet. Today’s vehicles aren’t just built on “modular” platforms, sharing parts with other vehicles from the same manufacturer, they are also “parts bin creations.” You’ll find the same power mirror switch in a Chevy, Jeep, Peugeot, Citroën, Lancia, Lincon and many more. That’s because car parts are like Lego pieces, made by a handful of car parts companies and designed to be everything for everyone. It’s cheaper for everyone to design one switch, one control module, one key fob and just alter some of the plastics and a connector to suit your new car design.