STOCKHOLM, Jan. 28, 2020 /PRNewswire/ — Q4 2019: Profitability and cash flow improvement Financial highlights Q4 2019 $2,191m net sales 0.5% organic sales growth* 10.5% operating margin 11.1% adj. operating margin* $1.78 EPS – an increase of 268% $1.84 adj. EPS* – an increase of 30% Full year 2020 indications 3-4% net sales growth 3-4% organic sales growth At least 9.5% adj. operating… Continue reading Autoliv: Financial Report October – December 2019
Tag: Manufacturing
Lear Reports Fourth Quarter and Full Year 2019 Results
SOUTHFIELD, Mich., Jan. 28, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the fourth quarter and full year 2019. Highlights include: Fourth Quarter 2019 Sales of $4.8 billion, compared to $4.9 billion in the fourth quarter of 2018 Net income of $126 million… Continue reading Lear Reports Fourth Quarter and Full Year 2019 Results
Varroc to manufacture BMS for Danish company Lithium Balance
Representational image courtesy: Lithium Balance Varroc Engineering, a Tier-1 auto component supplier, has entered an agreement to manufacture electric vehicle Battery Management System (BMS) in India for Lithium Balance, a Danish BMS solutions provider. As per the agreement, Varroc will manufacture BMS for lithium-ion batteries for electric two- and three-wheelers at its manufacturing facility in… Continue reading Varroc to manufacture BMS for Danish company Lithium Balance
@Ford: Ford Develops 3D-Printed Locking Wheel Nuts to Help Keep Thieves at Bay
As car security systems become increasingly more sophisticated, thieves are targeting car parts instead, including alloy wheels. One method to deter wheel thieves is to use locking nuts, one on each wheel, which require a special adapter, or key, to loosen. But even these are not invulnerable. Engineers at Ford have now developed unique locking… Continue reading @Ford: Ford Develops 3D-Printed Locking Wheel Nuts to Help Keep Thieves at Bay
UPDATE 1-Auto parts maker BorgWarner to buy Delphi Technologies in $3.3 bln deal
(Reuters) – BorgWarner Inc (BWA.N) on Tuesday agreed to buy UK-based Delphi Technologies Plc (DLPH.N) in a $3.3 billion deal, as the U.S. auto parts maker looks to expand in a growing market for hybrid and electric vehicles. Delphi shareholders will receive 0.4534 shares of BorgWarner for each share held. That translates to $17.39 per… Continue reading UPDATE 1-Auto parts maker BorgWarner to buy Delphi Technologies in $3.3 bln deal
Karma Automotive to build electric truck and SUV from Fisker’s ashes
Karma Automotive, the automaker previously known as Fisker Automotive, is working on an electric pickup truck and SUV, Bloomberg reports. The company plans to show off a concept version of the pickup before the end of the year, and eventually sell it with a starting price that’s less than its $135,000 Karma Revero. Both vehicles… Continue reading Karma Automotive to build electric truck and SUV from Fisker’s ashes
Tesla is about to release Q4 earnings; here’s what to expect
Tesla (TSLA) is set to announce its fourth-quarter and full-year 2019 financial results tomorrow, Wednesday, January 29, after the markets close. As usual, a conference call and Q&A with Tesla’s management is for after the results. Here we take a look at what both the street and retail investors are expecting for the quarterly results.… Continue reading Tesla is about to release Q4 earnings; here’s what to expect
Tesla gives Chinese owners free Supercharging during coronavirus outbreak
Tesla China is notifying customers that, due to the coronavirus outbreak currently happening in that country, all Tesla vehicles will have free supercharging to facilitate travel until the outbreak is resolved. The coronavirus outbreak out of Wuhan, China has made global news, with several thousand confirmed cases of the respiratory disease. Not much is known… Continue reading Tesla gives Chinese owners free Supercharging during coronavirus outbreak
Audi Struggles With e-tron Production Because Of Suppliers
According to the French and German media (via electrive.com), Audi has serious problems with meeting its own production targets for the all-electric e-tron SUV in Brussel, Belgium. The company is reportedly struggling with a lack of parts for battery packs (some sources say more precisely that the lithium-ion cells are the bottleneck). As a result,… Continue reading Audi Struggles With e-tron Production Because Of Suppliers
GM commits to $2.2 billion investment and 2,200 jobs at Detroit-Hamtramck Assembly
CLOSE General Motors President Mark Reuss speaks during an announcement of GM’s $2.2 billion investment in Detroit-Hamtramck assembly plant on being 100 percent devoted to electric vehicles Monday, January 27th, 2020. (Photo: Ryan Garza, Detroit Free Press) General Motors is investing $2.2 billion in its Detroit-Hamtramck Assembly plant to make it a state-of-the-art facility building electric… Continue reading GM commits to $2.2 billion investment and 2,200 jobs at Detroit-Hamtramck Assembly