NEWS

AMERICAN AXLE COMPLETES $3.3B TAKEOVER OF METALDYNE PERFORMANCE GROUP

American Axle & Manufacturing Holdings Inc. has completed its takeover of Metaldyne Performance Group Inc. (MPG), a deal announced last November and now estimated to be worth $3.3 billion in cash and debt acquisition.

Read More...

EATON AND CUMMINS ANNOUCE JOINT VENTURE TO PRODUCE AUTOMATED TRANSMISSIONS FOR HEAVY AND MEDIUM DUTY COMMMERCIAL VEHICLES 

Cummins and Eaton will each own 50 percent of the new joint venture. The formation of the joint venture is subject to regulatory approvals and customary closing conditions. The parties expect the transaction to close in the third quarter of 2017. Cummins will consolidate joint venture results as part of its Components business segment.

Read More...