Please click HERE for a PDF version of the release. JV has been awarded door modules business with German OEM New facility planned for the Beijing area 100 new jobs expected, production to begin in 2021 BEIJING, April 26, 2018 (GLOBE NEWSWIRE) — A new joint venture between Magna and Beijing Hainachuan Automotive Parts Co.,… Continue reading News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China
Category: Official Press Release
DENSO Announces Year-end Financial Results
KARIYA (Japan) ―Global automotive supplier DENSO Corporation today announced its global financial results for fiscal year ending March 31, 2018: Consolidated revenue totaled 5,108.3 billion yen (US$48.1 billion), a 12.8 percent increase from the previous year. Consolidated operating profit totaled 412.7 billion yen (US$3.9 billion), a 24.8 percent increase from the previous year. Consolidated profit… Continue reading DENSO Announces Year-end Financial Results
REVENUES OF €13.2 BILLION* IN THE FIRST QUARTER OF 2018
Group registrations increased by 4.8% (at constant perimeter including Jinbei and Huasong) to 935,041 vehicles in a market up 2.7%.
TMC Announces Organizational and Personnel Changes
Toyota Motor Corporation (TMC) today announces organizational changes, as well as personnel changes at the sub-executive managerial level.
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following: First quarter: Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
BORGWARNER REPORTS FIRST QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.07 PER DILUTED SHARE, OR $1.10 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS
Autoliv provides update ahead of planned spin-off
Thu, Apr 26, 2018 23:00 CET (Stockholm, Sweden, April 26, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced important steps in the process to spin-off its Electronics business. The process of spinning off the Electronics business under the name Veoneer is progressing well. Operational separation… Continue reading Autoliv provides update ahead of planned spin-off
Toyota’s Mississippi Plant Investments in Full Bloom
It is springtime in Blue Springs, and plants―such as Toyota Motor Manufacturing, Mississippi―are growing. During a groundbreaking ceremony for Toyota Mississippi’s new visitor and training center, the company announced it would invest $170 million to build the 12th generation Corolla using Toyota New Global Architecture (TNGA).
Automobili Lamborghini at 2018 Beijing Auto Show
Sant’Agata Bolognese/Beijing, 26 April 2018 – Automobili Lamborghini presents the complete model line-up for the first time in China at 2018 Beijing Auto Show. The Huracán Performante Spyder is making its Asian public debut, and is joined by the SUV Urus and the Aventador S Roadster, thus Lamborghini delivers an unprecedented range to the Chinese… Continue reading Automobili Lamborghini at 2018 Beijing Auto Show
Updating the Automotive Future: ZF joins eSync Alliance
As vehicles are being prepared for the digitalized future, outfitted with sophisticated, automated features with autonomous functions looming on the horizon, up-to-date software is crucial in ensuring road safety, cybersecurity and efficiency. However, returning vehicles to a manufacturer’s dealership or a repair shop to install the newest software is cumbersome and costly, especially for fleet… Continue reading Updating the Automotive Future: ZF joins eSync Alliance