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Calsonic Kansei
was a Japanese automotive company with 58 manufacturing centres spread throughout the United States, European Union, South Korea, Mexico, Thailand, South Africa, India, China, and Malaysia. The corporation was the result of a merger in 2000 between Calsonic Corp., which specialized in air conditioners and heat exchangers, and gauge maker Kansei Corp.. Nissan increased its shareholding in the company from 27.6 percent to 41.7 percent in January 2005. In November 2016, Nissan confirmed plans to sell its stake to U.S. private equity firm Kohlberg Kravis Roberts, who later obtained the rest of the company as well in February 2017. In early 2019, Calsonic Kansei was merged with auto-parts maker Magneti Marelli, which was purchased for 6.2 billion euros from Fiat Chrysler Automobiles, by its parent and 100% owning fund, KKR. History On August 25, 1938, Calsonic Corp. was founded as Nihon Radiator Manufacturing Company, Ltd., with radiators as its product line. Nagao Gentaro was its ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Mexico covers ,Mexico
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making it the world's 13th-largest country by are ...
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Heater Core
A heater core is a radiator-like device used in heating the cabin of a vehicle. Hot coolant from the vehicle's engine is passed through a winding tube of the core, a heat exchanger between coolant and cabin air. Fins attached to the core tubes serve to increase surface area for heat transfer to air that is forced past them by a fan, thereby heating the passenger compartment. How it works The internal combustion engine in most cars and trucks is cooled by a water and antifreeze mixture that is circulated through the engine and radiator by a water pump to enable the radiator to give off engine heat to the atmosphere. Some of that coolant can be diverted through the heater core to give some engine heat to the cabin, or adjust the temperature of the conditioned air. A heater core is a small radiator located under the dashboard of the vehicle, and it consists of conductive aluminium or brass tubing with cooling fins to increase surface area. Hot coolant passing through the heater ...
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Muffler
A muffler (North American and Australian English) or silencer (British English) is a device for reducing the noise emitted by the exhaust of an internal combustion engine—especially a noise-deadening device forming part of the exhaust system of an automobile. Description Mufflers are installed within the exhaust system of most internal combustion engines. The muffler is engineered as an acoustic device to reduce the loudness of the sound pressure created by the engine by acoustic quieting. The noise of the burning-hot exhaust gas exiting the engine at high speed is abated by a series of passages and chambers lined with roving fiberglass insulation and/or resonating chambers harmonically tuned to cause destructive interference, wherein opposite sound waves cancel each other out. An unavoidable side effect of this noise reduction is the restriction of the exhaust gas flow, which creates back pressure, which can decrease engine efficiency. This is because the engine exh ...
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Radiator (engine Cooling)
Radiators are heat exchangers used for cooling internal combustion engines, mainly in automobiles but also in piston-engined aircraft, railway locomotives, motorcycles, stationary generating plant or any similar use of such an engine. Internal combustion engines are often cooled by circulating a liquid called '' engine coolant'' through the engine block, and cylinder head where it is heated, then through a radiator where it loses heat to the atmosphere, and then returned to the engine. Engine coolant is usually water-based, but may also be oil. It is common to employ a water pump to force the engine coolant to circulate, and also for an axial fan to force air through the radiator. Automobiles and motorcycles In automobiles and motorcycles with a liquid-cooled internal combustion engine, a radiator is connected to channels running through the engine and cylinder head, through which a liquid (coolant) is pumped. This liquid may be water (in climates where water is ...
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Fiat Chrysler Automobiles
Fiat Chrysler Automobiles N.V. (FCA) was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems. The Italian holding company Exor was the largest shareholder and owner of voting rights. At the time it was the world's eighth largest automobile maker. The group was established in October 2014 through the merger of Chrysler Group and Fiat S.p.A. Its corporate headquarters were domiciled in Amsterdam and its financial headquarters were in London. The holding company was listed on the New York Stock Exchange and Milan's Borsa Italiana. Exor, an Italian investment group controlled by the Agnelli family, owned 29.19% of FCA and controlled 44.31% through a loyalty voting mechanism.FCA_2014_Annual_Report.pdfFCA Annual_Report at 31 December 2014 Retrieved 4 March 2016. FCA's mass-market brands operated through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles SpA) with ...
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Magneti Marelli
Magneti Marelli S.p.A. () is an Italian developer and manufacturer of components for the automotive industry. The firm is headquartered in Corbetta, Italy, and includes 86 manufacturing plants, 12 R&D centres, and 26 application centers in 19 countries, with 43,000 employees and a turnover of 7.9 billion euro in 2016. Subsidiaries and brands of the company include AL-Automotive Lighting, Carello, Cromodora, Cofap, Ergom Automotive, Jaeger, Mako Elektrik, Paraflu, Securvia, Seima, Siem SpA, Solex, Veglia Borletti, Vitaloni, and Weber. History Founded in 1919 as ''Fabbrica Italiana Magneti Marelli'' (FIMM), a joint-venture between Fiat and Ercole Marelli (1891–1993), an Italian electrical manufacturing company, the firm initially made ignition magnetos for the automotive and aviation industries, with its first plant in Sesto San Giovanni near Milan. It was a subsidiary of FIAT (now FCA Italy) from 1967 onwards. On 22 October 2018, FCA announced that Magneti Marelli was bei ...
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Private Equity Firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies. Typically, a private equity firm will raise pools of capital, or private-equity funds that supply the equity contributions for these transactions. Private equity firms will receive a periodic management fee as well as a share in the profits earned (carried interest) from each private-equity fund managed. Private equity firms, with their investors, will acquire a controlling or substantial minority position in a company and then look to maximize the value of that investment. Private-equity firms generally receive a return on their inve ...
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Autonews
''Automotive News'' is a weekly newspaper written for the automotive industry, predominantly individuals corresponding with automobile manufacturers and automotive suppliers. Based in Detroit and owned by Crain Communications Inc, ''Automotive News'' is deemed to be the newspaper of record for the automotive industry. The brand has a team of more than 55 editors and reporters globally. The company has its headquarters at 1155, Gratiot Avenue in downtown Detroit. History George Slocum had felt for years that the auto industry needed a trade newspaper, and in 1925 he secured the financial backing to start one. ''Automotive News'' started as ''Automotive Daily News'' Slocum Publishing issued the first issue in New York on August 27, 1925, Slocum as its Detroit advertising manager. The chief backer of ''Automotive Daily News'' was Bernarr Macfadden. In 1933, Slocum purchased the other investors' interest, moved the paper to Detroit and switched from publishing fives times a w ...
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Nissan
, trading as Nissan Motor Corporation and often shortened to Nissan, is a Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Japan. The company sells its vehicles under the Nissan, Infiniti, and Datsun brands, with in-house performance tuning products (including cars) labelled Nismo. The company traces back to the beginnings of the 20th century, with the Nissan '' zaibatsu'', now called Nissan Group. Since 1999, Nissan has been part of the Renault–Nissan–Mitsubishi Alliance (Mitsubishi joining in 2016), a partnership between Nissan and Mitsubishi Motors of Japan, with Renault of France. , Renault holds a 43.4% voting stake in Nissan, while Nissan holds a 15% non-voting stake in Renault. Since October 2016 Nissan has held a 34% controlling stake in Mitsubishi Motors. In 2013, Nissan was the sixth largest automaker in the world, after Toyota, General Motors, Volkswagen Group, Hyundai Motor Group, and Ford. In 2014, Nissan was the la ...
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Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime Malaysia–Thailand border, border with Thailand and Maritime boundary, maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the national capital, the country's largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government. The nearby Planned community#Planned capitals, planned capital of Putrajaya is the administrative capital, which represents the seat of both the Government of Malaysia#Executive, executive branch (the Cabine ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or ...
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