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Torotrak is to raise £5m in a share placing to fund the commercial development of transmission technology for outdoor power equipment. 16-Jul-2007 Torotrak has selected KoyoSeiko of Japan to manufacture bearing parts when its automatic car transmission system goes into volume production. 22-May-1999 Torotrak has agreed a £0.5m licensing deal with General Motors for the development of its vehicle transmission system. 21-Nov-1998 Torotrak, the developer of a new automotive transmission system, expects to launch its first commercial product in 2003 and will rely on the payment of royalties as it will not manufacture in-house. 13-Nov-1998 Torotrak has had just a 2.6% take-up on its £50m rights issue, which could hamper the development plans for its revolutionary vehicle transmission system. 19-Aug-1998 Torotrak has announced details of the rights issue that will raise £50m for the development of its Infinitely Variable Transmission system, which it expects to be used in 80% of automatic gearboxes within 10 years. 09-Jul-1998 Torotrak has published details of next month's £400m demerger from BTG, which will include a rights issue to raise £50m for the development of its revolutionary transmission system for vehicles. 20-Jun-1998 BTG is to raise £50m in a share placing for its Torotrak vehicle transmissions business, in a move that will give Torotrak greater independence as it further develops the fuel-efficient gearless transmission. 05-Jun-1998
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