The hacking at the German auto supply giant was said to include sensitive data from customers such as VW, information on supervisory board meetings and correspondence from Chief Controller Wolfgang Reitzle.
Michelin, in partnership with a French sustainability group and the French government, has agreed to work with the Sri Lankan government to enhance the wellbeing and productivity of 6,000 small rubber plantation owners in the island nation.
This will mark the 12th year—and counting—that Goodyear will be collaborating with the U.S. Marine Corps Reserve for the Reserve's Toys for Tots toy collection drive.
In 1897, after a few false starts, Herbert Dow rounded up investors in Cleveland and Michigan to finance a bleach plant. America's first comic strip—The Katzenjammer Kids—debuted that same year, as did the Boston Marathon.
The acquisition of Minnesota Rubber and Plastics will allow Trelleborg to expand its North American footprint in several business areas, including specialty industrial, medical, food and beverage, and water-related infrastructure components—MRP's areas of expertise.
Continental is looking for help with its technology and product innovations these days—turning to its own employees. The company encourages new ideas and supports them as they move toward commercialization.
Mayfield Heights-based Parker-Hannifin, closed on the acquisition of Meggitt.
Sumitomo Rubber Industries suffered an operating loss of $12.3 million in the quarter ended June 30, which contributed to a 56-percent drop in operating income for the half year.
Business Secretary Kwasi Kwarteng announced approval of the deal following review of advice from the U.K. Ministry of Defence and the Competition and Markets Authority. Mayfield Heights-based Parker expects the Meggitt deal to close in the third quarter.
Klein, who is responsible for chassis control as well as the Asia-Pacific and India regions, will succeed Wolf-Henning Scheider, who is leaving the supplier in early 2023.