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Assero Gear via Flickr; CC BY-ND 2.0Strong partnership: Hankook gains GM Supplier of the Year award
Hankook Tire is once again a GM Supplier of the Year awardee. General Motors honoured the tyre maker as one of its 132 best suppliers at a ceremony held on 20 April. This is the second consecutive year Hankook has received the award.
Hella and ZF Form Strategic Partnership
ZF and Hella are entering into a strategic partnership. The automotive suppliers say they will benefit from cooperation on “sensor technology, particularly for front camera systems, imaging and radar systems”. ZF will further strengthen its portfolio as a systems supplier which offers both modern assistance systems and autonomous driving functions, whereas Hella will drive technological development and benefits from a broader market access. The first joint development project in camera technology will start immediately, with the objective of a market launch in 2020.
UK automotive suppliers investing £225 million over the next three years
The SMMT’s Automotive supply chain members are planning to invest £225 million over the next three years in a bit to boost the British content of vehicles built in the UK.
In a new survey of more than 100 SMMT supply chain member companies, 94 per cent said they plan to invest in their businesses over the next three years – at a total of £224,485,000. Of those, four in five (79%) intend to invest in plant, machinery or tooling; three quarters (73%) in skills and apprentices; and two thirds (66%) in new product development.
