Category: Official Press Release

Visteon Announces First-Quarter 2018 Results

View the first-quarter 2018 financial summary infographic Visteon Announces First-Quarter 2018 Results Delivered solid financial performance Sales of $814 million Net income of $65 million Adjusted EBITDA of $104 million Net cash generated from operating activities of $81 million Adjusted free cash flow of $48 million Awarded $1.6 billion in new business Multiple SmartCore™ awards… Continue reading Visteon Announces First-Quarter 2018 Results

Opel Grandland X Debut for New 1.5-Litre Diesel Engine

Opel Grandland X Debut for New 1.5-Litre Diesel Engine 2018-04-26 Powerful: New 1.5 Diesel with 96 kW/130 hp Ahead of schedule: New 1.5-litre diesel already meets future Euro 6d-TEMP standard Optimum after-treatment: NOx adsorber plus Selective Catalytic Reduction Lower fuel consumption: Up to four percent more efficient than predecessor Eight-speed: Low friction automatic gearbox for… Continue reading Opel Grandland X Debut for New 1.5-Litre Diesel Engine

Continental Expands Automated Driving Tests on the Autobahn

The technology company Continental is expanding its global test drives for highly and fully automated driving – in Lower Saxony as well. The focus of development remains the production readiness of highly automated driving Tests on the autobahn are rounded off with system tests in an urban setting Hanover, April 26, 2018. The technology company… Continue reading Continental Expands Automated Driving Tests on the Autobahn

Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook

SOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018.  Highlights include: Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5… Continue reading Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook

TOYOTA Connected Europe to bring advanced mobility services to the European market

TOYOTA Connected (TC) is expanding the global reach of its technology-driven mobility solutions with the launch of TOYOTA Connected Europe (TCEU). The new start-up company, based in London, will support the growing adoption of new mobility businesses in Europe with products and services tailored to the unique needs of the market. TOYOTA Connected North America’s… Continue reading TOYOTA Connected Europe to bring advanced mobility services to the European market

Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter

News Press Release News Group Wolfsburg, 26 April 2018 Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter The Volkswagen Group is off to a good start for the new fiscal year. Supported by record unit sales in the first quarter, Group sales revenue rose… Continue reading Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter

LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP

EUR 1.1 Billion Deal Largest in LG’s 60 Year History SEOUL, Apr. 26, 2018 ― Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms… Continue reading LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP