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Continental debt downgraded
Limited short term options for refinancing debt taken on for Siemens VDO

Denso announces senior management changes
Koichi Fukaya appointed as Vice-Chairman 

Magna Steyr to assemble Porsche Boxster from 2012
Automaker’s contract with the current partner to end in 2011 

Minda Group and Tokai Rika sign second joint-venture
Collaboration to invest US$24m in India 

Eaton announces senior management changes
Names Palchak as CEO and Hooks as President 

Volkswagen South Africa to supply filters to its parent in Germany
Eberspächer also part of contract 

Goodyear to close Australian plant
Move to result in US$35m annual savings 

Visteon renews Kenwood partnership until 2015
Targets 15% market share by 2011 

Boysen starts production in China with €8m investment
Will supply manifolds and catalytic converters for BMW engines 

TRW develops Modular Multi-Piston Pump Electronic Stability Control
System provides high pressure build rate for effective braking 

Goodyear to supply tires for the new Lincoln MKS
Vehicle to be fitted with Assurance ComforTred tires 

Michelin invests US$90m in Lexington, South Carolina
Facility’s total investment crosses US$900m since inception 

JK Tyres completes acquisition of a Mexican firm
Consolidates presence in North American market 

Cooper-Standard announces management change
Promotes COO Hasler as new CEO 

Guardian Industries finds Turkish partner
Insulation systems to be launched in Turkey’s market 

Progressive Molded Products files for Chapter 11 bankruptcy protection in the US
No indication of filing for equivalent protection in Canada 

Mei Ta to invest INR6bn in India
SEZ in Andhra Pradesh to house component manufacturing units 

DURA CFO resigns
Nick Preda appointed as interim CFO