KARIYA (Japan) ―Global automotive supplier DENSO Corporation today announced its global financial results for fiscal year ending March 31, 2018: Consolidated revenue totaled 5,108.3 billion yen (US$48.1 billion), a 12.8 percent increase from the previous year. Consolidated operating profit totaled 412.7 billion yen (US$3.9 billion), a 24.8 percent increase from the previous year. Consolidated profit… Continue reading DENSO Announces Year-end Financial Results
Category: Suppliers
BORGWARNER REPORTS FIRST QUARTER 2018 U.S. GAAP NET EARNINGS OF $1.07 PER DILUTED SHARE, OR $1.10 PER DILUTED SHARE EXCLUDING NON-COMPARABLE ITEMS
Autoliv provides update ahead of planned spin-off
Thu, Apr 26, 2018 23:00 CET (Stockholm, Sweden, April 26, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced important steps in the process to spin-off its Electronics business. The process of spinning off the Electronics business under the name Veoneer is progressing well. Operational separation… Continue reading Autoliv provides update ahead of planned spin-off
Jim Keller Joins Intel to Lead Silicon Engineering
Jim Keller will join Intel Corporation as a senior vice president. SANTA CLARA, Calif., April 26, 2018 – Intel today announced that Jim Keller will join Intel as a senior vice president. He will lead the company’s silicon engineering, which encompasses system-on-chip (SoC) development and integration. “Jim is one of the most respected microarchitecture design… Continue reading Jim Keller Joins Intel to Lead Silicon Engineering
Updating the Automotive Future: ZF joins eSync Alliance
As vehicles are being prepared for the digitalized future, outfitted with sophisticated, automated features with autonomous functions looming on the horizon, up-to-date software is crucial in ensuring road safety, cybersecurity and efficiency. However, returning vehicles to a manufacturer’s dealership or a repair shop to install the newest software is cumbersome and costly, especially for fleet… Continue reading Updating the Automotive Future: ZF joins eSync Alliance
BRIEF-Fiat Chrysler sees double digit profit margins in Latam by 2022
April 26 (Reuters) – Fiat Chrysler CEO Sergio Marchionne says: * LATAM REGION PROFIT MARGINS COULD GET TO DOUBLE DIGITS BY 2022 * DEALING WITH EMEA REGION BIGGEST CHALLENGE FOR NEW BUSINESS PLAN, WILL BE SINGLE BIGGEST DRIVER FOR REPOSITIONING OF GROUP Further company coverage: (Reporting by Milan newsroom) Go to Source Go to Source
Innoviz inks deal putting its solid-state lidar in BMW autonomous cars
In a recent press release, automotive supplier Magna and its partner Innoviz announced a deal to supply the BMW Group with solid-state lidar sensors for its upcoming autonomous vehicle production. The contract is one of the first in the industry for production of solid-state lidar at scale. We last heard from Innoviz in September of… Continue reading Innoviz inks deal putting its solid-state lidar in BMW autonomous cars
Visteon Announces First-Quarter 2018 Results
View the first-quarter 2018 financial summary infographic Visteon Announces First-Quarter 2018 Results Delivered solid financial performance Sales of $814 million Net income of $65 million Adjusted EBITDA of $104 million Net cash generated from operating activities of $81 million Adjusted free cash flow of $48 million Awarded $1.6 billion in new business Multiple SmartCore™ awards… Continue reading Visteon Announces First-Quarter 2018 Results
Continental Expands Automated Driving Tests on the Autobahn
The technology company Continental is expanding its global test drives for highly and fully automated driving – in Lower Saxony as well. The focus of development remains the production readiness of highly automated driving Tests on the autobahn are rounded off with system tests in an urban setting Hanover, April 26, 2018. The technology company… Continue reading Continental Expands Automated Driving Tests on the Autobahn
Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook
SOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018. Highlights include: Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5… Continue reading Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook