Coburg, 11-09-2020 The Future Brose renewal program will help the automotive supplier remain competitive and return to profitable growth. For this purpose, Brose will invest in innovative technologies, expand its international production network and improve cost structures. In early November the company reached an agreement with the works councils in Germany on optimizing the organization… Continue reading Brose pushes ahead with transformationCoburg9 Nov 2020The Future Brose renewal program will help the automotive supplier remain competitive and return…
Author: GlobeNews Newswire
GROUPE RENAULT: Nissan contribution to Renault’s Q3 2020 earnings
November 12th, 2020Nissan contributes – € 30 million for third quarter 2020 to Renault’s earningsNissan released today its results for the second quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31th, 2021).Nissan’s results, published in Japanese accounting standards, for the second quarter of fiscal year 2020/2021 (July 1st to September 30th, 2020), after… Continue reading GROUPE RENAULT: Nissan contribution to Renault’s Q3 2020 earnings
Martinrea International Announces Ground Breaking Advancements in Next Generation Coated Brake Lines
TORONTO, Nov. 12, 2020 (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, today announced that through their innovative R&D and investment in NanoXplore, along with its patented technology, has led to recent… Continue reading Martinrea International Announces Ground Breaking Advancements in Next Generation Coated Brake Lines
Kongsberg Automotive reports Q3 2020 results
Fri, Oct 30, 2020 07:25 CET Kongsberg Automotive ASA will host an earnings conference call at 09:00 CET, today. KEY TOPICS The Corona Virus and a weak start to the year 2020 have impacted the automotive industry heavily. Primarily due to the Chinese market, the market developments in the light duty vehicles markets have… Continue reading Kongsberg Automotive reports Q3 2020 results
Visteon Announces Third-Quarter 2020 Results
Net sales of $747 million; 3% increase Y/Y excluding currencyNet income of $6 million or $0.21 per diluted shareAdjusted net income of $38 million or $1.36 per diluted share, excluding restructuring chargesAdjusted EBITDA of $87 million, 11.6% of sales$1.5 billion in new business wins and record 23 new product launches in Q3Repaid $400 million on… Continue reading Visteon Announces Third-Quarter 2020 Results
Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2020
KYOTO, Japan, Oct. 26, 2020 (GLOBE NEWSWIRE) —Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2020 through September 30, 2020.The highlights are as follows: First half net sales and operating profit increased 0.1% Y/Y to ¥751.8 billion, 12.0%… Continue reading Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2020
Nidec Revises Upward Consolidated Financial Forecasts for the Year Ending March 31, 2021
KYOTO, Japan, Oct. 26, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced an upward revision to its IFRS-based consolidated financial forecasts for the year ending March 31, 2021, previously announced on July 21, 2020.The details are as follows:Revised consolidated financial forecasts (IFRS) for the year ending March 31,… Continue reading Nidec Revises Upward Consolidated Financial Forecasts for the Year Ending March 31, 2021
GROUPE RENAULT: Quarterly information Q3 2020
PRESS RELEASE #RenaultResults Revenues of €10,374 million in the third quarter of 2020Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter1, the decrease would have been -3.2%.The Group sold 806,320 vehicles in the third quarter, down 6.1%.September showed a positive momentum, particularly marked in Europe, where Group’s sales were up 8%… Continue reading GROUPE RENAULT: Quarterly information Q3 2020
Michelin: Michelin announces sales of €15 billion for the first nine months of 2020, down 15% at constant exchange rates, with a decline of 5% in the third quarter reflecting an upturn in business.The Group is upgrading its 2020 guidance.
PRESS RELEASEClermont-Ferrand – October 22, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the nine months ended September 30, 2020Michelin announces sales of €15 billion for the first nine months of 2020, down 15% at constant exchange rates, with a decline of 5% in the third quarter reflecting an upturn in business.The Group is revising… Continue reading Michelin: Michelin announces sales of €15 billion for the first nine months of 2020, down 15% at constant exchange rates, with a decline of 5% in the third quarter reflecting an upturn in business.The Group is upgrading its 2020 guidance.
HERE integrates what3words into in-car navigation feature
Drivers will now be able to enter what3words addresses directly into their in-car systems, allowing them to navigate to any destinationOctober 22, 2020London and Amsterdam – HERE and what3words have partnered up to offer the next generation of precision in-car navigation. OEMs using HERE Technologies can now include what3words as an in-car navigation feature, with… Continue reading HERE integrates what3words into in-car navigation feature