February 13, 2018, 8:00 AM EST
Category: News Type
Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
MAUMEE, Ohio, Feb. 13, 2018 /PRNewswire/ — Full-Year Highlights Sales of $7.2 billion, an increase of $1.4 billion, growth of 24 percent Net income attributable to Dana of $111 million; diluted EPS of $0.71, inclusive of $186 million one-time, non-cash charge due to U.S. tax reform Adjusted EBITDA of $835 million, providing a margin of… Continue reading Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
Geely to build NEV production base in E China
Lynk & Co, Geely Auto Group’s new car brand, launches in China on Nov 29, 2017. [Photo provided to chinadaily.com.cn] HANGZHOU – Zhejiang Geely Holding Group will set up a complex for new energy vehicles (NEV) at a cost of more than $5 billion in East China’s Zhejiang province. The auto maker on Sunday signed… Continue reading Geely to build NEV production base in E China
Gestamp acquires a plant in Brazil to supply Toyota
2.13.2018 Gestamp, the Spanish multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has announced the acquisition of a plant in the city of Sorocaba, in the state of São Paulo (Brazil). Gestamp has signed the acquisition of a plant from the local group Scorpios Indústria… Continue reading Gestamp acquires a plant in Brazil to supply Toyota
Rising tire prices are driving Michelin’s good results in 2017
The Clermont group has posted a net profit of 1.7 billion euros, new historical high and higher than the consensus Inquiry Financial for Thomson Reuters, which gave 1.665 billion. On the other hand, net sales (+ 5% to 21.960 billion) and operating profit on current activities (+ 1.9% to 2.742 billion) are lower than the… Continue reading Rising tire prices are driving Michelin’s good results in 2017
Groupe PSA is launching a new generation of leisure activity vehicles for its Peugeot, Citroën and Opel/Vauxhall brands
Forerunner and historical leader of the leisure activity vehicle (LAV) segment in Europe, Groupe PSA intends to consolidate its leadership by giving its line-up a new dimension with three latest-generation models designed for very different brand environments…
SEAT achieves record sales in January
The brand sells 38,900 cars in January, 20.4% more than in the same month in 2017
Mercedes-Benz Confirms It Will Skip Detroit Auto Show in 2019
The Detroit auto show will be missing a famous star next year, with Mercedes-Benz choosing to sit out the iconic event. The top-selling luxury carmaker continuously reviews the platforms it chooses to reach customers and has decided not to participate in the Detroit show in 2019, according to an emailed statement. Bloomberg News reported last… Continue reading Mercedes-Benz Confirms It Will Skip Detroit Auto Show in 2019
TomTom chosen by Vinka to provide map and predictive traffic data for fleet optimization
Amsterdam, The Netherlands, February 13, 2018 – TomTom (TOM2) has been chosen to power the Vinka fleet optimisation platform. TomTom will supply Vinka with map and predictive traffic data, along with its Online Maps API for Europe and North America. The Vinka platform takes fleet automatisation to the next level by bringing automatic ride… Continue reading TomTom chosen by Vinka to provide map and predictive traffic data for fleet optimization
Robot taxis with enormous growth figures
According to a study by TrendForce, robotic taxis show growth of 80 percent per year. What happens when autonomous driving is introduced and the taxis drive by themselves? There have already been some studies, such as the analysis of the loss of jobs, the loss of private cars and more research, Common to all studies,… Continue reading Robot taxis with enormous growth figures