e-Power Technology

Allison Acquires Dana Off-Highway Drive & Motion Systems Business 

Allison Transmission Holdings has significantly expanded its drivetrain and propulsion systems business through acquiring the Off-Highway Drive & Motion Systems business of Dana. The $2.7 billion deal, finalized in January, creates a new global giant overseeing aggressive development of hybrid and electric propulsion systems for […]

Materials/Manufacturing

Niron Magnetics Secures Funding from Samsung Ventures & Auto Heavyweights to Accelerate Production of Rare Earth-Free Magnets 

Niron Magnetics has been raking in new strategic investor funding with a $25 million round led by Samsung Ventures that included automotive top-tier suppliers Allison Transmission and Magna, and a further collaboration with General Motors. […]