• Reported Earnings per Share of $1.89, Up 11%; Excluding Separation Costs, EPS of $1.95, Up 14%• Reported Sales Up 9%; Organic Sales Up 5% Driven by Aerospace, Intelligrated, and Process Solutions• Operating Cash Flow of $1.1 Billion and Free Cash Flow1 (Excl. Separation Costs) of $1.0 Billion, Up 30%• Deployed Nearly $950 Million in Capital… Continue reading Honeywell Delivers Outstanding First-Quarter Results Driven By Strong Sales Performance Raises 2018 Guidance
Category: Suppliers
FIRST-QUARTER 2018 SALES
Strong sales growth of 9.3% at constant currencies, significantly outperforming automotive production in all regions. in €m Q1 2017* Q1 2018 At constant currencies Automotive production** Sales 4,203 4,315 +9.3% -0.3% By region Europe North America Asia South America Rest of the World 2,108 1,177 689 169 60 2,279 1,063 742 168 63… Continue reading FIRST-QUARTER 2018 SALES
Intel at #POLITICOTech: Safety in the Driverless Age (Livestream)
Intel chief safety architect Jack Weast opens a conversation with policy makers and influencers in Washington, D.C., about the demands for safety in the driverless age. Weast joins POLITICO’s Tanya Snyder and leading industry experts to explore how the public sector and private industry can collaborate to unleash the potential of the driverless future. When:… Continue reading Intel at #POLITICOTech: Safety in the Driverless Age (Livestream)
News Release – Magna Opens New Body & Chassis Plant in Mexico
Please click HERE for a PDF version of the release. Facility to produce structural welded assemblies for global automakers Currently employs 400, expected growth to approximately 1,000 Gives Magna 32 facilities and more than 28,000 employees in Mexico AURORA, Ontario, April 19, 2018 (GLOBE NEWSWIRE) — Magna executives were joined by Governor Juan Manuel Carreras… Continue reading News Release – Magna Opens New Body & Chassis Plant in Mexico
Change of Outlook for FY 2018
Exchange rate and inventory valuation effects will impact earnings by around €150 million in H1 2018. This negative impact affects primarily the tire business. Accordingly, the adjusted operating result (adjusted EBIT*) for Q1 2018 in the Rubber Group will be about €100 million lower than in the respective period of the prior year. At present,… Continue reading Change of Outlook for FY 2018
DENSO Obtains Stake in On The Road to Accelerate Development of Technology Used in MaaS
KARIYA (Japan) ― DENSO Corporation today announced that it has taken an equity stake in On The Road Co., Ltd., a developer of next-generation software using cloud computing, edge computing, and other IT platforms, to accelerate development of technology for Mobility as a Service (MaaS*) systems. The amount of investment is about 160 million yen… Continue reading DENSO Obtains Stake in On The Road to Accelerate Development of Technology Used in MaaS
Continental and VGF Implement Autonomous Test Operation with Shuttle on Frankfurt University of Applied Sciences Campus
The purpose of the trial is to share knowhow among Continental, EasyMile and VGF with the aim of determining the future requirements for driverless vehicles and usage models jointly and in a realistic manner. From April 17 to April 19, 2018, students at Frankfurt University of Applied Sciences (Frankfurt UAS) will be testing a driverless… Continue reading Continental and VGF Implement Autonomous Test Operation with Shuttle on Frankfurt University of Applied Sciences Campus
Continental Initiates Industry Hackathon for Innovative Solutions and New Business Models
Hannover Fair: Industry hackathon with international startups from four eco-systems Duensing: “Innovations are the lubricating oil and fuel for future-proof industrial companies.” Talented young people from Hanover, Hamburg, San Luis Potosí (Mexico) and Bucharest (Romania) search for solutions to challenges for the industry of the future Hanover, April 16, 2018. This year for the first… Continue reading Continental Initiates Industry Hackathon for Innovative Solutions and New Business Models
General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
The job cuts fly in the face of Trump’s repeated claims that he’s spurring a renaissance in US auto factory jobs General Motors Co. will fire as many as 1,500 workers at the end of June at the Ohio factory building the Chevrolet Cruze compact car, undercutting President Donald Trump’s bombast about bringing back auto… Continue reading General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
Luminar lidar starts production at scale
Lidar used to cost at least tens of thousands of dollars. Now that automotive manufacturers are shopping to buy lidar in large quantities, lidar vendors are ramping up for mass production and promising prices dramatically lower than anything we’ve seen before. Luminar, for instance, has begun to produce its lidar at scale. Founder Austin Russell… Continue reading Luminar lidar starts production at scale