PLANO, Texas, Nov. 1, 2019 /PRNewswire/ — Toyota Motor North America (TMNA) today reported October 2019 sales of 188,787 vehicles, a decrease of 1.2 percent on a volume basis and down 4.9 percent on a daily selling rate (DSR) basis versus October 2018. Toyota division posted October sales of 165,644 units, down 1.6 percent on… Continue reading Toyota Motor North America Reports October 2019 Sales
Category: Newswire
DENSO Reinforces Commitment to Sustainable Mobility in Company Direction Update
KARIYA, Japan, Nov. 1, 2019 /PRNewswire/ — DENSO, the world’s second largest mobility supplier, today announced its second quarter (July-September) financial results for its fiscal year 2019, as well as updates in its business strategy to create and inspire new value for the future of mobility. As part of this strategy, or its ‘Second Founding,’ DENSO continues… Continue reading DENSO Reinforces Commitment to Sustainable Mobility in Company Direction Update
New FCA Manufacturing Site in Detroit Represents Company’s Commitment to Sustainable Operations
AUBURN HILLS, Mich., Nov. 1, 2019 /PRNewswire/ — Facility will have lowest emissions rate of any auto assembly plant in the United States Company to voluntarily conduct additional air monitoring and public reporting Environmental responsibility initiatives extend beyond FCA and into the neighborhood The future home of two electrified Jeep® vehicles will also be home to… Continue reading New FCA Manufacturing Site in Detroit Represents Company’s Commitment to Sustainable Operations
Hyundai Motor America Reports October 2019 Sales
FOUNTAIN VALLEY, Calif., Nov. 1, 2019 /PRNewswire/ — Hyundai Motor America reported October sales of 57,094 units, an 8% increase in comparison with October 2018. The October sales result is the 14th time in the last 15 months with increasing overall Hyundai vehicle sales. Sales Summary Oct-19 Oct-18 2019 YTD 2018 YTD Hyundai 57,094 52,653 563,450… Continue reading Hyundai Motor America Reports October 2019 Sales
Mazda braces for 30% FY profit drop on falling car sales in US, China: Nikkei
Mazda Motor Corp is facing a drop in annual profit of about 30 per cent as the Japanese automaker struggles with falling sales in the United States and China, its biggest markets, the Nikkei newspaper reported on Friday.The updated forecast would be almost half the automaker’s previous profit forecast of 110 billion yen.Demand for Mazda vehicles including the Mazda3 sedan and the CX-5 SUV crossover has slumped since the company posted record annual sales of about 1.6 million vehicles in the 2018 financial year.
Investors Know Who the Buyer Is in Fiat-Peugeot Merger of Equals
Fiat Chrysler Automobiles NV and PSA Group went out of their way to make their combination as equal as possible, shedding assets, paying special dividends and distributing board seats. It didn’t take long for investors to figure out who the buyer is.
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 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