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Japan's Akebono Brake Industry Co. Ltd. has signed an asset purchase agreement with Robert Bosch GmbH to acquire Robert Bosch LLC, the German company's North American brake manufacturing assets.
The $10-million transaction, expected to close by year end, will take place through Akebono subsidiary Akebono Corp. North America.
Although the purchase price is low, it is arguably the largest attempt, as measured by revenue, to consolidate and restructure automotive parts and components assets outside of the bankruptcy proceedings of General Motors Co., Chrysler Group LLC and Delphi Corp.
Akebono, which has estimated Robert Bosch LLC's 2009 revenues at $580 million, will acquire Bosch's Clarksville, Tenn., and Columbia, S.C., facilities. Other production assets will be transferred to Akebono's North American subsidiary operations.
Bosch sold their $580M/yr brake division for $10M
i'd take out a $10m loan for that!!
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Quote:
Originally Posted by nalc
RWD = fun? Yeah, maybe if you only watch Fast and Furious Tokyo Drift.
Quote:
Originally Posted by nzelinsky
Is there any corvette's that are close power to a maxima? I saw one that didnt really seem fast it was a newer model, but not that new... I dont know any corvette models and it didnt have any badging so I couldnt tell what it was.
Quote:
Originally Posted by MinervaMaxxxima
Aaron, you're great.
Quote:
Originally Posted by CapedCadaver
i will never tell him this in person but bigles' car is hawt
AND apparently Bosch is paying all of the costs to transfer the business from Tenn to SC
__________________
Quote:
Originally Posted by nalc
RWD = fun? Yeah, maybe if you only watch Fast and Furious Tokyo Drift.
Quote:
Originally Posted by nzelinsky
Is there any corvette's that are close power to a maxima? I saw one that didnt really seem fast it was a newer model, but not that new... I dont know any corvette models and it didnt have any badging so I couldnt tell what it was.
Quote:
Originally Posted by MinervaMaxxxima
Aaron, you're great.
Quote:
Originally Posted by CapedCadaver
i will never tell him this in person but bigles' car is hawt
Given what Bosch is in the industrial WORLD...no...it does not suck at business by any means. $580 million revenue out of what operating expense? You think they are making that much in profit? No. If they are facing contracting business in the face of car companies here downsizing then it would seem they would be facing huge losses (and probably already are). So dumping a bad asset and getting a little money sounds like a pretty good business sense to me.
Talking about a $50 Billion/year corporation here folks. Let's at least try to put things in their proper perspective.
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1995 Maxima GLE, stock
2000 F-150 XLT, blown
"All the Knoxville assets are being transferred to Columbia. They will go from 3000 assemblies per day to 16,000 per day by the end of 2010."
= tons of jobs in SC, but a loss in Knoxville (
__________________
Quote:
Originally Posted by nalc
RWD = fun? Yeah, maybe if you only watch Fast and Furious Tokyo Drift.
Quote:
Originally Posted by nzelinsky
Is there any corvette's that are close power to a maxima? I saw one that didnt really seem fast it was a newer model, but not that new... I dont know any corvette models and it didnt have any badging so I couldnt tell what it was.
Quote:
Originally Posted by MinervaMaxxxima
Aaron, you're great.
Quote:
Originally Posted by CapedCadaver
i will never tell him this in person but bigles' car is hawt
hell, most people never knew Bosch owned PBR anyway
Now Akebono owns the Knoxville and Columbia plants.
Bosch still owns the Melboune and Dalian plants.
Last year sometime they moved the machine that manufactures the C6Z calipers from Germany to SC.
So what's Bosch's directors saying? "Now Detroit is Akebono's problem"?
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m o n o b l o c k s
Gone but not forgotten:
96 S4 (gladly sold...time for another electrical crash yet?)
06 Mazdaspeed6 (sold)
Current (un)stable:
92 SE (now barely runnin' after all these years)
06 Mazda 6 V-6 (the new--hopefully temporary--add)
96 993 C2 (need new seats...and a roll cage)
'09 (out), more like a '10 (maybe)
So what's Bosch's directors saying? "Now Detroit is Akebono's problem"?
from what the factory was told, Bosch was losing so much money on these five plants - major excess capacity - that they were even considering giving the plants to Akebono
but Bosch owns 10% of Akebono and Toyota owns 22% (I think)
and now that production is picking back up, they shouldnt have an issue with excess
__________________
Quote:
Originally Posted by nalc
RWD = fun? Yeah, maybe if you only watch Fast and Furious Tokyo Drift.
Quote:
Originally Posted by nzelinsky
Is there any corvette's that are close power to a maxima? I saw one that didnt really seem fast it was a newer model, but not that new... I dont know any corvette models and it didnt have any badging so I couldnt tell what it was.
Quote:
Originally Posted by MinervaMaxxxima
Aaron, you're great.
Quote:
Originally Posted by CapedCadaver
i will never tell him this in person but bigles' car is hawt
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