Dana Holding Corporation has completed two transactions that will enhance its position for further growth in the emerging markets of China and India. The company has increased its stake in Dongfeng Dana Axle Company, a China-based commercial-vehicle axle joint venture, to 50 per cent and has also acquired the commercial-vehicle axle business of Axles India. "We are encouraged by the continued strong performance of the truck and bus markets in China, and of our partner Dongfeng, and look forward to the stren
Following the announcement of the US$2.4 billion project to build a long-awaited second airport for Sydney, Australian prime minister Tony Abbott has unveiled a US$3.27 billion roads package for western Sydney to provide the infrastructure that will make the airport work.
The Commonwealth will contribute US$1.2 billion for the roads over the next four years, with total spending to increase to US$2.9 billion over eight years. New South Wales will contribute a further 20 per cent, bringing the total fundin
Software company Renovo has launched a data management platform to aid the development of autonomous and advanced driver assistance systems products.
Speaking at the TaaS (Transportation as a Service) Conference in the UK city of Birmingham this week, Dennis Hamann, head of Europe at Renovo, says the Insight platform is targeted at the developers and data scientists in charge of “bringing these fleets to fruition”.
“There's benefits of faster access to AV data, minimal error rates, complete traceabi
