Author: PR Newswire Online News

LiDAR specialist Ibeo Automotive Systems GmbH establishes a U.S. subsidiary to boost its business in the United States

DETROIT and HAMBURG, Germany, July 29, 2019 /PRNewswire/ — Ibeo Automotive Systems, a LiDAR sensor specialist from Hamburg, has established a wholly owned subsidiary in the United States: Ibeo Automotive USA Inc. in Detroit. Paula Jones, the former director of the Customer Business Unit of Gentherm Inc., was named president and manages the new company. This step… Continue reading LiDAR specialist Ibeo Automotive Systems GmbH establishes a U.S. subsidiary to boost its business in the United States

Goodyear Reports Second Quarter, First Half 2019 Results

AKRON, Ohio, July 26, 2019 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter and first half of 2019. “Our U.S. consumer replacement and commercial businesses continued to perform well in a challenging environment, aided by recent product launches,” said Richard J. Kramer, chairman, chief executive officer and… Continue reading Goodyear Reports Second Quarter, First Half 2019 Results

BorgWarner Reports Second Quarter 2019 U.S. GAAP Net Earnings Of $0.83 Per Diluted Share, Or $1.00 Per Diluted Share Excluding Non-Comparable Items

AUBURN HILLS, Mich., July 25, 2019 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today reported second quarter results. Second Quarter Highlights: U.S. GAAP net sales of $2,551 million, down 5.3% compared with second quarter 2018. Excluding the impact of foreign currencies and the net…

Daimler reports second-quarter 2019 results

STUTTGART, Germany, July 24, 2019 /PRNewswire/ — Revenue up 5% to €42.7 billion (Q2 2018: €40.8 billion) Group EBIT of minus €1.6 billion (Q2 2018: plus €2.6 billion) Net loss of €1.2 billion (Q2 2018: net profit of €1.8 billion) Portfolio review and efficiency programs intensified Significant improvement of EBIT and free cash flow in… Continue reading Daimler reports second-quarter 2019 results