Category: Suppliers

Dr. Klaus Patzak appointed new CFO of Schaeffler AG

2020-07-20 | Herzogenaurach Dr. Klaus Patzak has been appointed as a member of the Board of Managing Directors, effective from August 1, 2020 Dr. Patzak will succeed Dietmar Heinrich as head of the Finance & IT function Dietmar Heinrich will leave the company on July 31, 2020 The global automotive and industrial supplier Schaeffler announced… Continue reading Dr. Klaus Patzak appointed new CFO of Schaeffler AG

Intel: Mobileye and Ford Announce High-Volume Agreement for ADAS in Global Vehicles

Mobileye, an Intel company, and Ford Motor Company are collaborating on cutting-edge driver-assistance systems across Ford’s global product lineup. As the chosen supplier of vision-sensing technology for Ford’s advanced driver-assistance systems (ADAS), Mobileye will provide its EyeQ® family of devices, together with vision-processing software, to support Level 1 and Level 2 ADAS in Ford vehicles globally. More: Autonomous Driving… Continue reading Intel: Mobileye and Ford Announce High-Volume Agreement for ADAS in Global Vehicles

Xpeng Raises $500 Million Even as China EV Market Sputters

1 / 2 Xpeng Raises $500 Million Even as China EV Market Sputters (Bloomberg) — Electric-vehicle maker Xpeng Motors raised about $500 million from a group of venture investors, showing Chinese startups with promising car models can attract funding even as the industry’s sales slump. Investors in the Series C+ financing round include Aspex Management,… Continue reading Xpeng Raises $500 Million Even as China EV Market Sputters

Linamar Corporation Q2 Results Materially Better Than Previously Expected

GUELPH, ON, July 17, 2020 /CNW/ – Linamar Corporation (TSX: LNR) is providing an update to the information disclosed in its Q1 2020 investor call, held on May 13th, 2020. Linamar Corporation Logo (CNW Group/Linamar Corporation) More On that call, Linamar stated that the expected loss for Q2 2020, given what was known at the time… Continue reading Linamar Corporation Q2 Results Materially Better Than Previously Expected

Edited Transcript of ALV earnings conference call or presentation 17-Jul-20 12:00pm GMT

Q2 2020 Autoliv Inc Earnings Call Stockholm Jul 17, 2020 (Thomson StreetEvents) — Edited Transcript of Autoliv Inc earnings conference call or presentation Friday, July 17, 2020 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Anders Trapp Autoliv, Inc. – VP of IR * Fredrik Westin Autoliv, Inc. – CFO &… Continue reading Edited Transcript of ALV earnings conference call or presentation 17-Jul-20 12:00pm GMT

Recap: Autoliv Q2 Earnings

Shares of Autoliv (NYSE:ALV) fell 1% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 201.45% year over year to ($1.40), which missed the estimate of ($0.85). Revenue of $1,048,000,000 decreased by 51.37% year over year, which missed the estimate of $1,060,000,000. Looking Ahead Earnings guidance hasn’t been issued… Continue reading Recap: Autoliv Q2 Earnings

Autoliv: Financial Report April – June 2020

STOCKHOLM, July 17, 2020 /PRNewswire/ — (NYSE: ALV) and (SSE: ALIV.Sdb) Q2 2020: Adapting to weak but improving LVP  Financial highlights Q2 2020 $1,048m net sales48% organic sales decline*(22.3)% operating margin(16.4)% adjusted operating margin*$(2.00) EPS – a decrease of $3.25$(1.40) adjusted EPS* – a decrease of $2.78 Full year 2020 indicationsNo indications will be provided until… Continue reading Autoliv: Financial Report April – June 2020