Author: BusinessWire Online News

Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020

Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020 -Positive revenue development in both segments based on a strong first half of 2019-Group revenue of 2.04 billion euros and operating EBIT totaling 77 million euros-Production stops at customers in the automotive and commercial vehicle segments requiring capacity adjustments at Grammer plants… Continue reading Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020

Valmet Automotive started to produce safety masks in plant Żary, Poland

In response to the corona crisis Valmet Automotive started with the production of safety mask in its plant in Żary, Poland. In Żary Valmet Automotive produces Roof & Kinematic Systems for diverse premium car brands: “It is our honour and duty to do our utmost in these difficult times to protect those who fight the… Continue reading Valmet Automotive started to produce safety masks in plant Żary, Poland

Toyoda Gosei Invests in Uhuru, an IoT Services Provider

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested in Uhuru Corp., a venture business that provides services and solutions using huge amounts of data in cloud computing and edge devices. “Venture into innovation and new mobility” is one of the key activities in Toyoda Gosei’s medium and long-term 2025 Business Plan. The company is… Continue reading Toyoda Gosei Invests in Uhuru, an IoT Services Provider

Cummins Takes Actions in Response to COVID-19 Impact

COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) provided an update on the actions it is taking in response to the impact of COVID-19. “The impact from the pandemic on the global economy has been sudden and is growing, and it is imperative for us to respond quickly to maintain our strong financial position,” said Tom… Continue reading Cummins Takes Actions in Response to COVID-19 Impact

Toyoda Gosei to Restructure Production Subsidiaries in India for “TG One India”

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO: 7282) will restructure its production subsidiaries in India to optimize its production network in that country. The company will transfer its all shares in Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) in 2020. TGSIN supplies interiors and exteriors and other… Continue reading Toyoda Gosei to Restructure Production Subsidiaries in India for “TG One India”

Valmet Automotive Annual Review 2019: Successful entry into battery business, significant improvement in EBITDA and cash flow despite challenging envi…

Valmet Automotive’s EBITDA and cash flow improved significantly from the previous year, operating profitability slightly and the annual car production of 114,000 vehicles reached again a record volume. Sales of EUR 651.5 million, EBITDA significantly improved Valmet Automotive’s net sales in 2019 were EUR 651.5 million (662.6 in 2018), which was 2 % lower than in… Continue reading Valmet Automotive Annual Review 2019: Successful entry into battery business, significant improvement in EBITDA and cash flow despite challenging envi…

Allison Transmission Provides Update on Impact of COVID-19

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) today provided a business update in light of the rapid spread of the COVID-19 virus. In response to recent disruptions to our supply chain, changes in customer demand and a weaker outlook for the global economy, Allison is temporarily suspending production at select manufacturing facilities beginning March 30,… Continue reading Allison Transmission Provides Update on Impact of COVID-19

Cummins Provides Business Update and Withdraws Full Year Guidance

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) provided a business update in light of recent changes in customer demand and a weaker outlook for the global economy. Today, the Company suspended production at its Midrange Engine Plant in Walesboro, IN, for two weeks in response to the decision by its customer Fiat Chrysler Automobiles to shutdown… Continue reading Cummins Provides Business Update and Withdraws Full Year Guidance

Grammer decides to halt production at its European locations

Disclosure of inside information in accordance with Art. 17 MAR Grammer AG (WKN 589540, ISIN DE0005895403) • Grammer decides to halt production at its European locations Amberg, March 19, 2020 – As a result of the corona pandemic spreading in Europe, major car manufacturers have announced a temporary halt of their production. For this reason, the… Continue reading Grammer decides to halt production at its European locations