Category: Suppliers

Nancy E. Cooper Joins Aptiv Board of Directors

GILLINGHAM, England, Jan. 29, 2018 /PRNewswire/ — Aptiv (NYSE: APTV), a global technology company enabling the future of mobility, today announced Nancy E. Cooper has been named to its board of directors, effective as of Feb.15, 2018. “We are honored and excited to have Nancy joining the Aptiv Board of Directors,” said Kevin Clark, president and… Continue reading Nancy E. Cooper Joins Aptiv Board of Directors

Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business

PLYMOUTH, Mich., Jan. 29, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced first quarter earnings. Q1 GAAP net income and EPS diluted of $(216) million and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06 Q1 Adjusted-EBIT of $163 million (margin of 3.9%) Cash and cash equivalents of $390 million at December… Continue reading Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business

MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS

SAILAUF, Germany, Jan., 29th 2018 Stricter emission legislation has become one of the major challenges for global car manufacturers. To help achieve these emission goals and to improve the dynamic driving experience, Magna will support the BMW Group´s large-volume transverse vehicle platform (UKL) with its third generation dual-clutch transmissions (DCT), the GETRAG 7DCT300. BMW Group´s… Continue reading MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS

Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate

• Exceeded Fourth-Quarter Earnings Per Share Guidance on Stronger Margins• Fourth-Quarter Reported Sales Up 9%; Organic Sales Up 6%, Driven by Strength in Aerospace Aftermarket, UOP, Advanced Materials, and Intelligrated• Segment Margin Expansion Driven by Strong Top-Line Growth, Productivity, and Repositioning Benefits• Fourth-Quarter Operating Cash Flow of $2.2B; Free Cash Flow of $1.8B, Conversion of… Continue reading Honeywell Reports Strong Fourth Quarter And 2017 Results, Raises 2018 Guidance To Reflect Lower Tax Rate

Welcome Veoneer

Mon, Jan 29, 2018 08:30 CET (Stockholm, Sweden, January 29, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that the new electronics spin-off company will be named Veoneer. In December 2017, Autoliv’s Board of Directors decided to continue with the spin-off of its Electronics business… Continue reading Welcome Veoneer

DENSO Develops New Vision Sensor for Improved Night Driving Safety

KARIYA (Japan) ― DENSO Corporation, one of the world’s largest automotive suppliers, today announced it has developed a new standard vision sensor that detects pedestrians at night, cyclists, road signs, driving lanes and other road users. Working in conjunction with a millimeter-wave radar sensor, the new vision sensor allows automobiles to automatically activate emergency braking when… Continue reading DENSO Develops New Vision Sensor for Improved Night Driving Safety

Lear Reports Record Fourth Quarter and Full Year 2017 Results

SOUTHFIELD, Mich., Jan. 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the fourth quarter and full year 2017.  Highlights include: Fourth Quarter 2017 Record sales of $5.4 billion, up 16% from a year ago Net income of $401 million and record… Continue reading Lear Reports Record Fourth Quarter and Full Year 2017 Results

BorgWarner Provides Leading All-wheel Drive Coupling for the New Volkswagen Crafter

BorgWarner’s AWD coupling improves stability, traction and handling New rear axle differential lock is controlled by BorgWarner’s newly developed ECU The AWD coupling offers leading response time and high torque capacity and accuracy Auburn Hills, Michigan, January 25, 2018 – BorgWarner, a global leader in clean and efficient technology solutions for combustion, hybrid and electric… Continue reading BorgWarner Provides Leading All-wheel Drive Coupling for the New Volkswagen Crafter

Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China

1.25.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, reinforces its presence in China by signing a strategic Joint Venture (JV) Agreement. Gestamp has signed a JV Agreement with Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP), a Chinese company specialized in auto components,… Continue reading Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China