Zurich, April 26, 2024: Kongsberg Actuation Systems BV, a subsidiary of Kongsberg Automotive ASA (KA), today published an Asset Disposition Offer to purchase for cash €36,000,000 of outstanding principal amount of its senior secured notes due 2025 (“Notes”). KA has determined that €36,000,000 of the Net Available Cash from the sale of: (i) The Interior… Continue reading Kongsberg Actuation Systems BV issued an Asset Disposition Offer for part of notes due 2025
Author: GlobeNews Newswire
Kongsberg Automotive secures major contract extension worth EUR 523 million in estimated lifetime revenue
Zurich, April 26, 2024: Kongsberg Automotive (KA) has won a contract extension worth EUR 523 million in estimated lifetime revenue for KA’s Gear Control Unit (GCU) with integrated clutch actuator. The GCU is a valve-based device designed for manual transmission trucks, allowing them to be driven as automatic transmission trucks if desired. This innovative technology… Continue reading Kongsberg Automotive secures major contract extension worth EUR 523 million in estimated lifetime revenue
Martinrea International Inc. to Announce First Quarter Results on May 2, 2024
TORONTO, April 25, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the first quarter ended March 31, 2024 on Thursday, May 2, 2024 after the markets close, and will hold a conference call to discuss the results the same day at 5:30 p.m. Eastern… Continue reading Martinrea International Inc. to Announce First Quarter Results on May 2, 2024
Visteon Announces First Quarter 2024 Financial Results
VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: Net sales of $933 million with a return to positive growth-over-market1 Net income of $42 million Adjusted EBITDA of $102 million or 10.9% of sales Operating cash flow of $69 million and adjusted… Continue reading Visteon Announces First Quarter 2024 Financial Results
Michelin: Q1 sales down 2.7% at constant exchange rates, on soft volumes as expected. Strong mix development reflecting performance in value-accretive segments. 2024 full-year guidance unchanged.
Clermont-Ferrand – April 24, 2024 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2024 Consolidated first-quarter 2024 sales down 2.7% at constant exchange rates, on soft volumes as expected. Strong mix development reflecting Group performance in the most value-accretive segments. 2024 full-year guidance unchanged. Global sell-in markets edged up slightly, led by… Continue reading Michelin: Q1 sales down 2.7% at constant exchange rates, on soft volumes as expected. Strong mix development reflecting performance in value-accretive segments. 2024 full-year guidance unchanged.
Michelin : Ventes trimestrielles en baisse de 2,7 % à taux de change constants, volumes inférieurs comme attendu. Mix en forte hausse reflétant la performance sur les segments les plus générateurs de valeur. Guidance annuelle inchangée.
Clermont-Ferrand, 24 avril 2024 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINInformation financière au 31 mars 2024 Ventes consolidées en baisse de 2,7 % au premier trimestre 2024 à taux de change constants, en raison de volumes inférieurs comme attendu. Fort développement du mix reflétant la performance du Groupe sur les segments les plus générateurs de valeur. Guidance annuelle inchangée. Légère… Continue reading Michelin : Ventes trimestrielles en baisse de 2,7 % à taux de change constants, volumes inférieurs comme attendu. Mix en forte hausse reflétant la performance sur les segments les plus générateurs de valeur. Guidance annuelle inchangée.
Martinrea International Inc. Announces Investment in Equispheres Inc., a Supplier of High-Performance Powders for Additive Manufacturing
TORONTO, April 23, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX:MRE) a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, announces that in March, 2024, the Company was the lead investor in a financing round for Equispheres Inc., acquiring convertible preferred shares… Continue reading Martinrea International Inc. Announces Investment in Equispheres Inc., a Supplier of High-Performance Powders for Additive Manufacturing
Ferrari enters into a partnership agreement with HP
Maranello (Italy), April 24, 2024 – Ferrari N.V. (NYSE/EXM: RACE) announces that Ferrari S.p.A., wholly-owned Italian subsidiary of Ferrari N.V., today has signed a multiyear partnership agreement with HP Inc. (NYSE: HPQ), through which its brand will appear on racing properties of Scuderia Ferrari. Attachment PR_Ferrari NV_ENG Go to Source
Renault Group: 2024 Q1 Group revenue at €11.7 billion, +5.9% at constant exchange rate; in the starting-blocks for the upcoming product offensive
Press ReleaseApril 23, 2024 20240423_Renault Group_Press Release_2024 Q1 revenue 2024 Q1: Group revenue at €11.7 billion, +5.9% at constant exchange rate1;in the starting-blocks for the upcoming product offensive Renault Group worldwide sales amounted to 549,099 vehicles in the first quarter, up 2.6% versus 2023 Q1. In Europe2, Group sales were up 4.3%. Group revenue… Continue reading Renault Group: 2024 Q1 Group revenue at €11.7 billion, +5.9% at constant exchange rate; in the starting-blocks for the upcoming product offensive
Renault Group : Chiffre d’affaires Groupe du 1er trimestre 2024 à 11,7 milliards d’euros, +5,9 % à taux de change constants ; dans les starting-blocks pour l’offensive produits à venir
Communiqué de presse 23 avril 2024 20240423_Renault Group_Communiqué de presse_2024 T1 Chiffre d’affaires 1er trimestre 2024 : Chiffre d’affaires Groupe à 11,7 milliards d’euros, +5,9 % à taux de change constants1 ; dans les starting-blocks pour l’offensive produits à venir Les ventes mondiales du Groupe s’élèvent à 549 099 véhicules au 1er trimestre, en hausse de 2,6 %… Continue reading Renault Group : Chiffre d’affaires Groupe du 1er trimestre 2024 à 11,7 milliards d’euros, +5,9 % à taux de change constants ; dans les starting-blocks pour l’offensive produits à venir