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Beijing WKW Automotive Parts plans HK investment subsidiary

Wednesday, 3 May 2017 03:30am EDT

May 3 (Reuters) - Beijing WKW Automotive Parts Co Ltd <002662.SZ> ::* Says it plans to set up a wholly owned investment subsidiary in Hong Kong, with registered capital of 5 million yuan .

Fox Factory Holding recalls certain aftermarket Harley Davidson shock absorber products

Monday, 1 May 2017 08:00am EDT

May 1 (Reuters) - Fox Factory Holding Corp -:Fox Factory Holding Corp - announces voluntary recall for certain aftermarket Harley Davidson shock absorber products.Fox Factory - filing a report with nhtsa regarding a voluntary recall for fox's harley-davidson specific aftermarket motorcycle shock absorber products.Fox Factory - recall for fox's harley-davidson specific aftermarket motorcycle shock absorber products, purchased after sept 2014, due to potential failure hazard.Fox Factory Holding Corp - believed that affected recall product units are limited in quantity to about 2,460 shock absorbers.Fox Factory Holding Corp - believes this voluntary recall will not have any material adverse effect on its financial results or current financial guidance.

Songz Automobile Air Conditioning to pay annual cash div, to set up unit in HK

Sunday, 23 Apr 2017 11:17pm EDT

April 24(Reuters) - Songz Automobile Air Conditioning Co Ltd <002454.SZ> : :* Says it plans to pay annual cash dividend as 1 yuan(pre-tax) per 10 shares as FY 2016 div payment.* It will use 8 million yuan to set up a wholly owned investment subsidiary in Hong Kong.

Compagnie Plastic Omnium in China: revenue set to double to 1.3 billion euros in 2021

Wednesday, 19 Apr 2017 01:29am EDT

April 19 (Reuters) - Compagnie Plastic Omnium SA ::Sees continued strong growth, revenue set to double to 1.3 billion euros ($1.39 billion) in China in 2021.Expects 26 pct of the bumper market and 16 pct of the fuel systems market in China in 2021.Sees 30 pct of revenue with local Chinese car manufacturers in 2021.Production of first high-pressure tank for rechargeable hybrids is scheduled to start at the end of 2017.Ramping up development capacity in China with an investment in a new fuel systems research and development center and test lab in Wuhan, set to open in H2 2018.

Compagnie Plastic Omnium in China: revenue set to double to 1.3 billion euros in 2021

Wednesday, 19 Apr 2017 01:29am EDT

April 19 (Reuters) - Compagnie Plastic Omnium SA ::Sees continued strong growth, revenue set to double to 1.3 billion euros ($1.39 billion) in China in 2021.Expects 26 pct of the bumper market and 16 pct of the fuel systems market in China in 2021.Sees 30 pct of revenue with local Chinese car manufacturers in 2021.Production of first high-pressure tank for rechargeable hybrids is scheduled to start at the end of 2017.Ramping up development capacity in China with an investment in a new fuel systems research and development center and test lab in Wuhan, set to open in H2 2018.

Ohashi Technica unit sets up unit in U.S.

Tuesday, 18 Apr 2017 04:12am EDT

April 18 (Reuters) - Ohashi Technica Inc <7628.T>:* Says unit OHASHI TECHNICA U.S.A.,INC completed establishment of unit OHASHI NAKAHYO U.S.A.,INC.with Japan-based auto parts firm.* The previous plan was disclosed on Feb. 7.

Topre unit to launch press component plant

Friday, 14 Apr 2017 05:59am EDT

Topre Corp <5975.T> : Says Kyusyu-based unit will launch a new plant in Fukuoka-ken for manufacture of press component used for automobile . Says investment amount of about 6 billion yen .Says operation will start from January 2019.

Huayu Automotive Systems to pay annual cash div, to set up Shanghai electronics branch

Thursday, 30 Mar 2017 06:30am EDT

Huayu Automotive Systems Co Ltd <600741.SS> : Says it plans to pay annual cash dividend as 10 yuan(pre-tax) per 10 shares as FY 2016 div payment .It will set up a new electronic branch in Shanghai, which is engaged in car parts related business.

Fuji Heavy to recall 180,000 Subaru cars in Japan to replace Takata inflators

Thursday, 30 Mar 2017 01:00am EDT

Fuji Heavy Industries Ltd <7312.T>: to recall about 180,000 Subaru cars in Japan to replace Takata Corp <7312.T> air bag inflators Further company coverage: [7312.T].

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