DRiV Incorporated to Spin From Tenneco Later This Year
Tenneco Inc. Class A Voting (TEN)
Last tenneco inc. class a voting earnings: 2/20 06:00 am
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Source: Business Wire
New Aftermarket and Ride Performance Company Expected to be a Global Leader LAKE FOREST, Ill.--(BUSINESS WIRE)-- DRiV Incorporated is the name of the future publicly traded Aftermarket and Ride Performance company that will launch in the second half of this year, following Tenneco Inc.’s (NYSE: TEN) separation into two independent companies, Tenneco announced today. Once it spins, DRiV™ will serve as one of the largest global multi-line, multi-brand aftermarket suppliers and one of the largest global original equipment (OE) ride performance and braking suppliers to aftermarket, light vehicle, and commercial vehicle customers. DRiV will be headquartered in the greater Chicago area. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190214005462/en/ Brian Kesseler, Co-CEO, Tenneco and future chairman and CEO, DRiV. (Photo: Business Wire) “It is a l
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