SOUTHFIELD, Mich., May 3, 2022 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the first quarter 2022. First Quarter 2022 Highlights Sales outperformed global industry production by 4 percentage points reflecting growth over market in both Seating and E-Systems Sales decreased 3% to $5.2 billion,… Continue reading Lear Reports First Quarter 2022 Results
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As snarls mount, economists take a walk on the supply side
The corporate victims of the snarls are piling up like containers in locked-down Shanghai. Global supply chains are knotting up from China to Denmark, sparking re-examinations of things as macro as globalization itself and micro as trucking efficiency around American ports. As for the big picture, the intertwined world economy took decades to stitch together… Continue reading As snarls mount, economists take a walk on the supply side
The microchip crisis and economic uncertainty mark a 12% drop in passenger car sales in April
May 2, 2022 Posted by: Jorge Platero Categories: Featured press, Press releases In the accumulated of the year, sales of passenger cars and SUVs fell by 11.8%, with 233,509 units Registrations of light commercial vehicles fall 41% compared to April of the previous year, with 9,361 units Industrial vehicles, buses, coaches and microbuses achieve an… Continue reading The microchip crisis and economic uncertainty mark a 12% drop in passenger car sales in April
GRAMMER AG Publishes Figures for Q1 2022 and Outlook for 2025
Revenue and earnings development in the first quarter were impacted by rising inflation, renewed coronavirus lockdowns affecting the Chinese market, and sustained bottlenecks on the procurement markets Slight 2.2% increase in GRAMMER Group revenue to EUR 515.0 million, driven mainly by the Commercial Vehicles Division (up 13.9%) and positive currency effects APAC saw substantial decline… Continue reading GRAMMER AG Publishes Figures for Q1 2022 and Outlook for 2025
The Hazards Of Investing In $100 Oil: Part I – Forbes
American actor Larry Hagman as J.R. Ewing, in the television series, ‘Dallas.’ (Photo by Hulton … [+] Archive/Getty Images) Getty Images Investors are always looking for ways to cash in on current events; be it new technology, the pandemic, the recovery from the pandemic, or a war. One result of the pandemic recovery, combined with… Continue reading The Hazards Of Investing In $100 Oil: Part I – Forbes
Automotive: OEMs zigzag between Ukraine and China
Posted on Apr 27, 2022 at 4:12 p.m.Updated on Apr 27, 2022 at 4:13 p.m. A big brake in Europe in March, and another probably to come in China: the production crisis in the automotive industry knows no respite, as shown by the quarterly results published Tuesday and Wednesday by the major French equipment manufacturers… Continue reading Automotive: OEMs zigzag between Ukraine and China
@Groupe PSA: PR First-quarter 2022 sales003642
Citation Since the announcement of our full-year 2021 results, the environment has significantly changed with the start of the war in Ukraine and Covid-related restrictions in China. Our industry has again to adapt to a challenging environment generating new uncertainty, after two difficult years due to the pandemic and the shortage of semiconductors, whose effects… Continue reading @Groupe PSA: PR First-quarter 2022 sales003642
Tequila, robot, brain implant… these other crazy projects of Elon Musk
Posted on Apr 26, 2022 at 2:31 p.m.Updated on Apr 26, 2022 at 2:49 p.m. Elon Musk is a seasoned businessman. His fortune, estimated at no less than 265 billion dollars (246.5 billion euros), and his rank as the richest person on the planet bear witness to this. That didn’t stop him from embarking on… Continue reading Tequila, robot, brain implant… these other crazy projects of Elon Musk
Luca De Meo, the man who wants to electrify Renault
Posted on Apr 25, 2022 at 5:00 p.m.Updated on Apr 25, 2022 at 5:48 p.m. How to subscribe to The Story? He is the strong man of Renault. Luca De Meo took over the management of the group two years ago with the roadmap of getting it out of the turmoil of the Ghosn affair… Continue reading Luca De Meo, the man who wants to electrify Renault
The time in stock of a used ‘ECO’ vehicle is 20% less than that of a combustion vehicle
25 April, 2022 Posted by: Jorge Platero Category: Faconauto News The hybrid Toyota Yaris is the fastest ‘ECO’ used vehicle to find a buyer, according to data from autobiz’s Green Car Monitor VO for Sumauto. The high prices of fuel and the changes in habit generated by the pandemic are transforming trends in dealerships. According… Continue reading The time in stock of a used ‘ECO’ vehicle is 20% less than that of a combustion vehicle