Category: Official Press Release

Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…

Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented its results today for the first nine months of 2019 with revenues reaching €6,572m. Gestamp outperformed the auto production market during 9M 2019 with a 6.8% growth rate in revenues (7.0% at constant FX)… Continue reading Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…

Nidec Completes Acquisition of OMRON Automotive Electronics Co. Ltd.

KYOTO, Japan, Oct. 31, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (the “Company” or “Nidec”) announced today that the Company completed the acquisition of OMRON Automotive Electronics Co. Ltd. (“OMRON Automotive Electronics”) from OMRON Corporation (“OMRON”) (the “Stock Acquisition”) on October 31, 2019 (Japan time), in accordance with a stock purchase… Continue reading Nidec Completes Acquisition of OMRON Automotive Electronics Co. Ltd.

ŠKODA AUTO puts the most powerful commercial supercomputer in the Czech Republic into operation

[embedded content] Klaus-Dieter Schürmann, ŠKODA AUTO Board Member for Finance and IT, explained, “By installing the new high-performance computer, ŠKODA AUTO is further expanding the largest commercial computing centre in the Czech Republic. We are thereby continuing to press ahead on our path to becoming a digital company and are creating an important technical prerequisite… Continue reading ŠKODA AUTO puts the most powerful commercial supercomputer in the Czech Republic into operation

Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable

“Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable” Las discusiones han abierto un camino hacia la creación de un nuevo grupo de escala global y recursos que son propiedad de los accionistas de PSA en un 50% y por los de FCA en un… Continue reading Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable

ŠKODA to Optimize Manufacturing Processes and Cut Production Costs Using Seebo’s Predictive Quality Solution

TEL AVIV, Israel, Oct. 31, 2019 /PRNewswire/ — Seebo, a pioneer in process-centric Artificial Intelligence, announced today a new cooperation, with ŠKODA AUTO, the leading Czech car manufacturer. ŠKODA and Seebo have partnered in order to predict and prevent losses in ŠKODA’s engine production lines by using Seebo’s unique process-centric AI solution. The deployment of Seebo Predictive… Continue reading ŠKODA to Optimize Manufacturing Processes and Cut Production Costs Using Seebo’s Predictive Quality Solution

BorgWarner Reports Third Quarter 2019 U.S. GAAP Net Earnings Of $0.94 Per Diluted Share, Or $0.96 Per Diluted Share Excluding Non-Comparable Items

AUBURN HILLS, Mich., Oct. 31, 2019 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today reported third quarter results. Third Quarter Highlights: U.S. GAAP net sales of $2,492 million, up 0.6% compared with third quarter 2018. Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures, net sales were up 4.5% compared with… Continue reading BorgWarner Reports Third Quarter 2019 U.S. GAAP Net Earnings Of $0.94 Per Diluted Share, Or $0.96 Per Diluted Share Excluding Non-Comparable Items

Delphi Technologies reports third quarter results, announces cost reduction plan to accelerate profitable growth

LONDON, Oct. 31, 2019 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”) today announced financial results for its third quarter 2019. Q3 2019 results Revenue Operating Income Operating Income Margin Net Income per Share – Diluted Cash From Operations GAAP $1.0 B $45 M 4.4% $0.16 $59 M vs. Q3 2018 (11)%… Continue reading Delphi Technologies reports third quarter results, announces cost reduction plan to accelerate profitable growth

AUDI AG: Robust figures for the third quarter

In a challenging second half of the year, the Audi Group stabilized its deliveries and posted robust figures for the third quarter. Adjusted for the effects of deconsolidating the multi-brand importers, revenue was higher than in the prior-year period. Operating profit reflects the decrease in deliveries and ongoing high upfront expenditure for the future. Cash… Continue reading AUDI AG: Robust figures for the third quarter