Global auto parts supplier BorgWarner (NYSE:BWA) has agreed to buy motor manufacturer Remy International (NASDAQ: REMY) for about $950 million in cash. The offer of $29.50 a share represents a 44% premium to Remy’s Friday closing price. The deal is expected to close in the fourth quarter of 2015. Both companies have histories in the… Read more »
VIA Motors has announced that John Weber, former CEO of motor manufacturer Remy, has been chosen as VIA’s new Chief Executive Officer. “John’s many years of experience as an auto industry manufacturer and his keen leadership skills make him a tremendous asset to VIA Motors as we ramp up production and work more closely with… Read more »
Remy International (OTC-PINK: RMYI) and VIA Motors have announced a joint agreement to supply Remy’s HVH electric motors for VIA’s plug-in hybrid commercial trucks. Privately-held VIA offers a lineup of powerful PHEVs that it calls VTRUX, including full-size pickups, vans and SUVs. The company’s eREV powertrain includes a 4.3-liter gas V6, a 300-kW electric motor,… Read more »
Electric motor maker Remy International, Inc. (OTC-PINK: RMYI) announced Tuesday that it has agreed to supply its HVH250 motors to Quantum Fuel Systems, which will use them in its Ford F-150 PHEV conversions. Quantum recently announced plans to upgrade Ford’s popular pickup to a parallel hybrid system with an electric range of 35 miles and a total range… Read more »
The new PHEVs, which were partially funded by the Wisconsin Clean Transportation Program, are expected to deliver fuel efficiency of up to 50 percent per year over legacy diesel trucks.