Category: Suppliers

Cummins Announces Third Quarter Results

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2019. Third quarter revenues of $5.8 billion decreased 3 percent from the same quarter in 2018. Lower demand for trucks and construction equipment drove the majority of the decline. Sales in North America were flat while international revenues decreased 8 percent.… Continue reading Cummins Announces Third Quarter Results

NIO Inc. Announces Management Change

SHANGHAI, China, Oct. 28, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced that Mr. Louis T. Hsieh has tendered his resignation as chief financial officer of the Company for personal reasons, effective October 30, 2019.  The Company has commenced the search for… Continue reading NIO Inc. Announces Management Change

Aptiv Declares Quarterly Dividend

DUBLIN, Oct. 24, 2019 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today announced that its Board of Directors declared a quarterly cash dividend of $0.22 per ordinary share, payable on November 20, 2019, to shareholders of record at the close of business on November 6, 2019. About… Continue reading Aptiv Declares Quarterly Dividend

[BEYOND NEWS] LG CELEBRATES ENERGY STAR DAY WITH EFFICIENCY UPGRADES FOR DESERVING FAMILIES

Commemorating “Energy Star Day” in the United States, LG Electronics partnered with leading home improvement retailer Lowe’s and non-profit partner “Rebuilding Together” to provide energy efficiency upgrades for local families in Charlotte, North Carolina earlier this week. Employees from LG and Lowe’s were among the 100-plus volunteers from the local community who joined together in… Continue reading [BEYOND NEWS] LG CELEBRATES ENERGY STAR DAY WITH EFFICIENCY UPGRADES FOR DESERVING FAMILIES

Goodyear Reports Third Quarter 2019 ResultsOct 25, 2019AKRON, Ohio, Oct. 25, 2019 – The Goodyear Tire & Rubber Company today reported results for the …

— U.S. consumer replacement shipments increased 3%; up 4% year to date — Asia Pacific volume up 5%, driven by China — Global commercial truck tire shipments continued to outpace industry — Price versus raw materials positive for the first time in three years AKRON, Ohio, Oct. 25, 2019 – The Goodyear Tire & Rubber… Continue reading Goodyear Reports Third Quarter 2019 ResultsOct 25, 2019AKRON, Ohio, Oct. 25, 2019 – The Goodyear Tire & Rubber Company today reported results for the …

Lear Reports Third Quarter 2019 Results

SOUTHFIELD, Mich., Oct. 25, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today reported results for the third quarter 2019.  Highlights include: Sales of $4.8 billion, compared to $4.9 billion in the third quarter of 2018 Net income of $216 million and adjusted net… Continue reading Lear Reports Third Quarter 2019 Results

Michelin: Sales up 1.3% like-for-like in the first nine months of 2019, in an environment that deteriorated sharply over the period. Contribution from acquisitions in line with expectations. 2019 market forecasts lowered; guidance confirmed

PRESS RELEASEClermont-Ferrand – October 24, 2019COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial Information for the Nine Months Ended September 30, 2019 Sales up 1.3% like-for-like in the first nine months of 2019, in an environment that deteriorated sharply over the periodContribution from acquisitions in line with expectationsFourth-quarter market forecasts lowered; guidance confirmed In weaker than expected markets, Michelin’s volumes… Continue reading Michelin: Sales up 1.3% like-for-like in the first nine months of 2019, in an environment that deteriorated sharply over the period. Contribution from acquisitions in line with expectations. 2019 market forecasts lowered; guidance confirmed

Grammer AG is in advanced negotiations to establish a Joint Venture with Changchun FAWSN Group Co., Ltd.

24. Oktober 2019
Grammer AG befindet sich in fortgeschrittenen Verhandlungen zu einem Joint Venture mit Changchun FAWSN Group Co., Ltd. Veröffentlichung von Insiderinformationen nach Art. 17 der Verordnung (EU) Nr. 596/2014
GRAMMER AG (WKN 589540, ISIN DE0005895403)
Grammer AG befindet sich in fortgeschrittenen Verhandlungen zu einem Joint
Venture mit Changchun FAWSN Group Co., Ltd.
Amberg, 24. Oktober 2019 – Die Grammer AG (“Grammer”) befindet sich in fortgeschrittenen Verhandlungen zur Begründung eines Joint Ventures für Automobil Interiorkomponenten in Changchun, China mit Changchun FAWSN Group Co., Ltd., einem mit der FAW-Gruppe verbundenen Unternehmen. Grammer wird 50 Prozent an dem zukünftigen Joint Venture GRAMMER FAWSN Vehicle Parts Co. Ltd. halten. Die restlichen 50 Prozent werden von der Changchun FAWSN Group Co., Ltd. gehalten.
Das Joint Venture wird eine breite Palette von Komponenten für den Fahrzeuginnenraum produzieren, die vor allem in die von der FAW-Gruppe hergestellten Fahrzeuge eingebaut werden. Die FAW-Gruppe ist der drittgrößte chinesische OEM und hatte im vergangenen Jahr mit eigenen Marken und
zusammen mit anderen Joint Venture-Partnern einen zweistelligen Marktanteil in China, dem größten Automobilmarkt der Welt. Grammer erwartet aus diesem Joint Venture eine erhebliche zukünftige Umsatzsteigerung.
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Financial Information for the Nine Months Ended September 30, 2019

Financial Information for the Nine Months Ended September 30, 2019 Sales up 1.3% like-for-like in the first nine months of 2019, in an environment that deteriorated sharply over the period Contribution from acquisitions in line with expectations Fourth-quarter market forecasts lowered; guidance confirmed In weaker than expected markets, Michelin’s volumes declined by 0.8% in the… Continue reading Financial Information for the Nine Months Ended September 30, 2019