Organic sales growth of 4.3 percent to €11.0 billion Automotive and Rubber Group growing organically considerably faster than the markets Adjusted operating result of €1.1 billion / adjusted EBIT margin of 9.7 percent Net income virtually stable at €738 million or €3.69 per share New record: Order intake in Automotive Group amounts to €11 billion Hanover, May 8, 2018.… Continue reading Solid Growth with Pioneering Technologies: Continental’s Order Intake at Record Level
Category: Suppliers
Back up – all new U.S. cars must have rear-view cameras
On May 1st, a four-year-old bill came into effect that requires new U.S. vehicles under 10,000 pounds to have rear-facing cameras. As young students in driver’s education class, we were taught to put one hand on the top of the steering wheel, the other on the head-rest of the passenger seat. Then, we learned how… Continue reading Back up – all new U.S. cars must have rear-view cameras
AAM Reports First Quarter 2018 Financial Results
Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM WebsiteAmerican Axle & Manufacturing, Inc. (“AAM”) authorizes you to view and download the materials on this website… Continue reading AAM Reports First Quarter 2018 Financial Results
Valeo: increasing electric cars’ driving range with smart thermal management
What’s one of the biggest deterrents to buying an electric car? A short driving range, said a 2015 survey by Queensland University in Australia. Valeo, a world expert in hybrid and all-electric vehicles solutions, has developed smart thermal management solutions that not only help maintain battery life but can globally increase an electric vehicle’s range… Continue reading Valeo: increasing electric cars’ driving range with smart thermal management
UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc (TSLA.O) logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook. The windfall wiped out short-sellers’ 2018 losses on Tesla,… Continue reading UPDATE 1-Musk’s conduct, Tesla stock slide make $700 mln profit for short-sellers
Adient reports second quarter 2018 financial results
PLYMOUTH, Mich., May 3, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter earnings. Q2 GAAP net income and EPS diluted of $(168) million and $(1.80), respectively; GAAP results reflect a net $279 million non-cash goodwill impairment charge related to ADNT’s SS&M segment Q2 Adjusted-EBIT and Adjusted-EBITDA of… Continue reading Adient reports second quarter 2018 financial results
Aptiv PLC – 10-Q – Quarterly Report
Brabham BT62: 700bhp track-only hypercar revealed
The new Brabham BT62, a McLaren Senna-rivalling 700bhp track-only hypercar, has been launched at Australia House in London, with its maker claiming the car will “reward like no other”. Priced at £1 million before taxes and options, the BT62 is the first car from Brabham Automotive, which is run by former Formula 1 racer and… Continue reading Brabham BT62: 700bhp track-only hypercar revealed
Aptiv Launches Fleet of Autonomous Vehicles on the Lyft Network
LAS VEGAS, May 2, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology leader in mobility, announced the launch of a fleet of 30 autonomous vehicles in Las Vegas on the Lyft network. A product of Aptiv’s Mobility and Services group, these vehicles will operate on Aptiv’s fully-integrated autonomous driving platform and be made available… Continue reading Aptiv Launches Fleet of Autonomous Vehicles on the Lyft Network
Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook
DUBLIN, May 2, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported first quarter 2018 U.S. GAAP earnings from continuing operations of $1.15 per diluted share. Excluding special items, first quarter earnings from continuing operations totaled $1.29 per diluted share. First Quarter Highlights Include : Revenue of… Continue reading Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook