People In The News
Following are personnel changes that recently occurred in the trucking industry:
WABCO Expands Global Operations
WABCO Holdings Inc. announces the launch of two manufacturing facilities located in India and the extension of an existing software design center that are owned by WABCO-TVS (India) Ltd., an affiliate of WABCO and its joint venture partner, a member of the TVS Group.
Currently manufacturing crankshafts, crankcases and vacuum pumps, one of the new facilities is located in Mahindra World City, in the southern outskirts of Chennai, one of India’s first special economic zones. Recently, the foundation stone for the second phase extension of the Mahindra manufacturing facility was laid by Jacques Esculier, WABCO CEO. The company says the extension will double the facility’s capacity, which is dedicated to exporting products and serving WABCO customers worldwide.
Another new facility, located in Jamshedpur, supplies the production lines of Tata Motors by manufacturing brake chambers, spring brake actuators and other braking aggregate parts. The newest WABCO-TVS factories presently employ approximately 150 people.
Situated at TidelPark in Chennai, India’s largest information technology park, the WABCOSoftwareDesignCenter has completed its expansion program, doubling its capacity and upgrading its technology platform to support engineering capabilities. At this location, approximately 85 engineers develop embedded software for automotive applications in electronic braking, stability, transmission and climate control.
ArvinMeritor to Spin Off Light Vehicle Systems
ArvinMeritor announced that its board of directors has approved a plan to spin off its Light Vehicle Systems (LVS) business to ArvinMeritor shareholders, with the Commercial Vehicle Systems (CVS) business remaining with ArvinMeritor.
“The plan to separate our two businesses is the result of a comprehensive strategic review to enhance the company’s long-term value for our shareholders,” says Chip McClure, chairman, CEO and president. “We are confident that this transaction will not only unlock shareholder value, but also will significantly strengthen the competitive positions of both companies and better align them with their respective customer bases.
