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Sage Automotive acquires Miko

Private equity-backed Sage Automotive Interiors has acquired Miko, which makes suede-like automotive interior fabrics, for an undisclosed amount.

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Magna sells interiors business to Antolin

Magna International, North America’s largest automotive parts maker, has signed an agreement to sell substantially all of its interiors operations, excluding seating, to Spain’s Grupo Antolin for US$525m.

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Faurecia forms joint venture with Dongfeng

France’s Faurecia has agreed to form a joint venture with Dongfeng Motor with the aim of generating annual sales of around €2bn in the medium term.

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Optimistic forecast for aircraft seating demand

At the Passenger Experience Conference held ahead of last month’s Aircraft Interiors Expo in Hamburg, Germany, Gary Weissel of Tronos Aviation Consulting presented an optimistic forecast for the future 10 year aircraft seating demand.

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Global bus demand to reach 664,000 units in 2018

 

Global demand for buses is projected to grow more than 5% per annum to 664,000 units in 2018, twice as fast as the 2008-2013 rate of increase, says Freedonia in its recently published World Buses report. Five major trends will drive growth, most importantly expansion in the urban population.

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