Tempo Group

Last updated

Tempo Group is a Chinese auto parts supplier in brakes, shocks, control arms and other automotive chassis parts and components. [1] Its main manufacturing operations are in China. The company has also operated since the late 1990s in North America where it maintains a sales presence and has an equity stake of 24% in the former chassis business of Delphi Automotive. [1]

Acquisitions

In 2009 it participated in a consortium that included the government of the Fangshan District of Beijing and Shougang Corporation to acquire the bankrupt chassis and brakes business of Delphi Automotive. [2]

Fangshan District District in Beijing, Peoples Republic of China

Fangshan District is situated in the southwest of Beijing, 38 km (24 mi) away from downtown Beijing. It has an area of 2,019 square kilometres (780 sq mi) and a population of 814,367. The district is divided into 8 subdistricts, 14 towns, and 6 townships.

Beijing Municipality in Peoples Republic of China

Beijing, formerly romanized as Peking, is the capital of the People's Republic of China, the world's third most populous city proper, and most populous capital city. The city, located in northern China, is governed as a municipality under the direct administration of central government with 16 urban, suburban, and rural districts. Beijing Municipality is surrounded by Hebei Province with the exception of neighboring Tianjin Municipality to the southeast; together the three divisions form the Jingjinji metropolitan region and the national capital region of China.

Later it participated in another consortium with E-Town, an economic development agency of Beijing, to acquire Nexteer from General Motors for $450 million. [3]

General Motors American automotive manufacturing company

General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.

Related Research Articles

LucasVarity plc was a UK automotive parts manufacturer, created by a merger of the British Lucas Industries plc, and the North American Varity Corporation in August 1996.

Magna International company

Magna International Inc. is a Canadian global automotive supplier headquartered in Aurora, Ontario. In 2014, Magna became the largest automobile parts manufacturer in North America by sales of original equipment parts, and one of Canada's largest companies. Its operating groups include Magna Steyr, Magna Powertrain, Magna Exteriors, Magna Seating, Magna Closures, Magna Mirrors, Magna Electronics and Cosma International.

Pep Boys Company

The Pep Boys: Manny, Moe & Jack is an American automotive aftermarket retail and service chain. They are referred to as the "founders of the automotive aftermarket".

ZF Friedrichshafen company

ZF Friedrichshafen AG, also known as ZF Group, originally Zahnradfabrik Friedrichshafen, and commonly abbreviated to ZF, is a German car parts maker headquartered in Friedrichshafen, in the south-west German region of Baden-Württemberg.

Continental AG, commonly known as Continental, is a German automotive manufacturing company specializing in, brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries. Continental is based in Hanover, Lower Saxony, Germany. Continental is the world's fourth-largest tire manufacturer.

Aptiv PLC is a global auto parts company incorporated in the Bailiwick of Jersey and headquartered in Dublin, Ireland.

Beijing Benz Automotive manufacturing company

Beijing Benz is an automotive manufacturing company headquartered in Beijing, China, and a joint venture between BAIC Motor and Daimler AG.

Automotive industry in China aspect of history

The automotive industry in China has been the largest in the world measured by automobile unit production since 2008. Since 2009, the annual production of automobiles in China has exceeded that of the European Union or the United States and Japan combined. In 2016, for example, 33.9% of the world's cars were manufactured in China, over 205 million in total. The country is also a huge consumer of new motor vehicles, made in-country or imported. In 2017, for example, 4.16 million passenger and commercial vehicles were sold in China, up from 3.31 million in 2009.

Affinia Group

The Affinia Group, a motor industry company, was formed in 2004 and specialized in the design, manufacture and replacement of parts for on and off-road vehicles, specifically filtration and chassis components.

Automotive Products

Automotive Products, commonly abbreviated to AP, was an automotive industry components company set up in 1920 by Edward Boughton, Willie Emmott and Denis Brock, to import and sell American-made components to service the fleet of ex-military trucks left behind in Europe after World War I.

Volkswagen Caminhões e Ônibus

Volkswagen Caminhões e Ônibus, English: Volkswagen Trucks and Buses, is a Brazilian commercial vehicles manufacturing company based in Resende, Brazil and a subsidiary of MAN SE. It manufactures heavy trucks and buses under the Volkswagen marque.

McQuay-Norris

McQuay-Norris was a maker of automobile engine parts such as piston rings, and chassis parts like steering wheel knuckle bolts. It also produced and distributed electrical controls for gas appliances. Based in St. Louis, Missouri, the company merged with Eaton Yale & Towne Inc., Cleveland, Ohio, in August 1969. Prior to the merger, the McCord Corporation, of Detroit, Michigan, acquired 10.5% of McQuay-Norris common stock, in June 1969.

Beijing Hyundai

Beijing Hyundai Motor Co., Ltd. is an automobile manufacturing company headquartered in Shunyi, Beijing, China, and a joint-venture between BAIC Motor and Hyundai Motor Company. Established in 2002, it manufactures in Shunyi District, a satellite city of Beijing, producing Hyundai-branded automobiles for the Chinese market.

Nexteer Automotive is an automotive parts supplier owned by Pacific Century Motors and headquartered in Auburn Hills, Michigan, United States. Nexteer is a global manufacturer of steering and driveline products. With more than 10,000 employees, Nexteer operates 20 manufacturing plants worldwide, 14 local customer support centers and five regional engineering centers and test centers. Nexteer is the fourth-largest steering-parts supplier by market share. It has more than 60 customers globally, including BMW, General Motors, Ford, Chrysler, Fiat, Toyota, PSA Peugeot Citroen and manufacturers not only in North America, but in India, China and South America.

BWI Group, also known as BeijingWest Industries, is a supplier of brake and suspension systems. The company acquired the Chassis Division of Delphi on November 1, 2009. The brake and suspension business lines were purchased for approximately $100 million. The company supplies to automotive, motorcycle, and specialty vehicle manufacturers. BWI Group is an international supplier with manufacturing facilities located in China, Poland, United Kingdom, Czech and Mexico. Their global headquarters is in Beijing, China.

Pacific Century Motors is a Chinese company formed to buy and hold Nexteer Automotive.

The de Carbon hydraulic shock absorber was invented in 1953, by Christian Bourcier de Carbon. The De Carbon Company was also established in 1953; however, in 1997, Delphi gained control of the entire company. When BeijingWest Industries acquired the brakes and suspensions business of Delphi in 2009, BWI Group acquired the de Carbon brand. Today, the shock absorbers are mainly sold as a key aftermarket brand in European countries.

Changzhou Changjiang Bus

Changzhou Changjiang Bus was a bus manufacturer based in Changzhou, Jiangsu, China. Changzhou Changjiang was reported to be the largest bus builder in China. Buses are manufactured under the Changjiang brand.

Inteva Products, LLC is one of the world's largest global automotive suppliers. Serving original equipment manufacturers (OEMs) in the automotive industry, Inteva is headquartered in Troy, Michigan and has nearly 50 locations on five continents. The Inteva Products brand name was introduced to the marketplace in 2008 and the company traces its history back to the establishment of German carriage supplier Traugott Golde in 1872.

Beijing E-Town

Beijing E-Town is an economic development agency of the Beijing municipal government that traces its origins to 1994 when the Beijing government chartered an entity to help foster high tech manufacturing in Beijing.

References