Nanterre (France), February 7, 2022 FAURECIA & HELLADAY ONE OF THE NEW COMBINED GROUP Strong strategic rationale between two highly complementary companies Ambition to reach sales above €33bn, operating margin above 8.5% and c. €1.75bn of net cash flow in 2025 A sustainable governance in place to accelerate collaboration and achieve above €250million in cost… Continue reading Faurecia & Hella – Day one of the new combined Group
Category: Suppliers
Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems
COLUMBUS, Ind. & VANCOUVER, British Columbia–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT | Nasdaq:WPRT) have agreed to a share purchase agreement for the sale of Westport’s stake in the Cummins Westport Joint Venture (“JV”) with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins… Continue reading Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems
Magna Lands Industry-First Award for Integrated Driver and Occupant Monitoring System
System solution fully integrates camera and electronics into the interior mirror Driver and in-cabin occupant monitoring achieved with a single camera Starts production in 2024 with German automaker AURORA, Ontario, Feb. 07, 2022 (GLOBE NEWSWIRE) — With the rapid global growth of advanced driver assistance systems (ADAS), driver monitoring is quickly becoming an important feature… Continue reading Magna Lands Industry-First Award for Integrated Driver and Occupant Monitoring System
The Oldest Washing Machine in the Country
February 7, 2022 The Oldest Washing Machine in the Country Open share list Share this content. After the house and the car, home appliances are usually the next most expensive item consumers buy. Because of its cost, the lifespan of an appliance is one of the most important factors consumers take into consideration when making… Continue reading The Oldest Washing Machine in the Country
Fourth quarter and full year 2021 results
Amsterdam, the Netherlands, 4 February 2022, 7:00 AM CEST Significant Automotive contract wins power future growth TOMTOM’S CHIEF EXECUTIVE OFFICER, HAROLD GODDIJN “We recorded our best Automotive order intake in years, including a partnership with Volkswagen Group to deliver an EV-centric navigation service. The Automotive backlog increased to €1.9 billion. Our Enterprise business improved year… Continue reading Fourth quarter and full year 2021 results
Eaton Reports Record Fourth Quarter 2021 Results, Guidance on 2022 Outlook
For Full Year 2021, Earnings Per Share of $5.34 and Record Adjusted Earnings Per Share of $6.62, Up 35% over 2020 DUBLIN, February 04, 2022–(BUSINESS WIRE)–Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.37 for the fourth quarter of 2021. Excluding charges of $0.23 per share related to intangible… Continue reading Eaton Reports Record Fourth Quarter 2021 Results, Guidance on 2022 Outlook
Meritor Reports First-Quarter Fiscal Year 2022 Results
TROY, Mich., Feb. 3, 2022 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter that ended December 31, 2021. First-Quarter Highlights Sales of $984 million Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $54 million Diluted earnings per share from continuing operations of… Continue reading Meritor Reports First-Quarter Fiscal Year 2022 Results
UPDATE 2-Auto supplier Aptiv sees 2022 rebound; inflation will squeeze results
(Adds details from Aptiv investor call) By Joseph White and Kannaki Deka Feb 3 (Reuters) – Aptiv Plc on Thursday said global auto production should rise by 6% in 2022, and forecast revenue will grow 8 to 10 percentage points faster, but warned supply chain bottlenecks and rising materials costs will be a drag on… Continue reading UPDATE 2-Auto supplier Aptiv sees 2022 rebound; inflation will squeeze results
Cummins Reports Fourth Quarter and Full Year 2021 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported full year 2021 results. Revenues for the full year were $24 billion, 21 percent higher than 2020. Sales in North America increased 17 percent and international revenues increased 27 percent. Sales increased in all major regions compared to the prior year, which was severely impacted by the… Continue reading Cummins Reports Fourth Quarter and Full Year 2021 Results
16:15 ETDana’s Spicer Electrified™ Motor and Inverter System to Power New Ultra4™ EV Race SeriesDana Incorporated today announced that its Spicer Elec…
MAUMEE, Ohio, Feb. 2, 2022 /PRNewswire/ — Dana Incorporated today announced that its Spicer Electrified™ motor and inverter system will be featured on the custom performance vehicles competing in the new Ultra4™ electrified vehicle (EV) racing series. The announcement was made during the annual King of the Hammers™ event held Jan. 27-Feb. 5 in Johnson… Continue reading 16:15 ETDana’s Spicer Electrified™ Motor and Inverter System to Power New Ultra4™ EV Race SeriesDana Incorporated today announced that its Spicer Elec…