MINNEAPOLIS-The Bosch Group (Stuttgart, Germany) is acquiring communications equipment manufacturer Telex Communications Holding Inc. for $ 420 million.
ARLINGTON, VA-The U.S. manufacturing sector will continue to expand, but at a more moderate pace over the next 3 to 6 months, according to the quarterly Manufacturers Alliance/MAPI survey on business outlook.
TOLEDO, OH-Chrysler Group (Auburn Hills, MI) and Magna International Inc. (Aurora, Ontario) have agreed to collaborate on production of Chrysler's 2007 Jeep Wrangler, with Magna taking over operation of the paint shop at Chrysler's Toledo South assembly plant.
BANGALORE, India-The Bosch Group has opened a plant in Bangalore to build common-rail, high-pressure pumps for diesel engines, part of what the company is describing as a comprehensive, long-term expansion into India.
BANGALORE, India-According to Paul Otellini, CEO of Intel Corp. (Santa Clara, CA) the Indian market will play a pivotal role in the company's World Ahead Program, an ongoing effort to tap into the world's developing nations.