TML‘s sales volume grew by 9% yoy in medium and heavy commercial vehicles and 23% in light commercial vehicles in FY18. New Delhi: Tata Motors (TML’s) rating, which includes a one-notch uplift from its standalone rating of ‘BB’ on its linkage with Tata Sons (TSOL), reflects its position in the Indian commercial-vehicle market and the… Continue reading Fitch affirms Tata Motors at BB+; outlook stable
Tag: Manufacturing
News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China
Please click HERE for a PDF version of the release. JV has been awarded door modules business with German OEM New facility planned for the Beijing area 100 new jobs expected, production to begin in 2021 BEIJING, April 26, 2018 (GLOBE NEWSWIRE) — A new joint venture between Magna and Beijing Hainachuan Automotive Parts Co.,… Continue reading News Release – Magna and BHAP Create Joint Venture to Supply Door Modules to Automakers in China
News Release – Magna Wins LiDAR Business With BMW Group
Please click HERE for a PDF version of the release. One of the first serial production contracts for solid-state LiDAR Supports up to L4 and L5 self-driving systems across multiple vehicle platforms Solid-state LiDAR from Innoviz Technologies meets automotive standards in a compact size and at a competitive cost AURORA, Ontario, April 26, 2018 (GLOBE… Continue reading News Release – Magna Wins LiDAR Business With BMW Group
DENSO Announces Year-end Financial Results
KARIYA (Japan) ―Global automotive supplier DENSO Corporation today announced its global financial results for fiscal year ending March 31, 2018: Consolidated revenue totaled 5,108.3 billion yen (US$48.1 billion), a 12.8 percent increase from the previous year. Consolidated operating profit totaled 412.7 billion yen (US$3.9 billion), a 24.8 percent increase from the previous year. Consolidated profit… Continue reading DENSO Announces Year-end Financial Results
With Dongfeng, PSA remains unsatisfied
They were presented to shareholders with two short videos in Chinese subtitled in French. Liu Weidong and An Tiecheng, Dongfeng’s new representatives on PSA’s supervisory board, apologized on Tuesdaygeneral meeting of the manufacturer. The Peugeot and bpifrance clan, the other reference shareholders, had come in strong support Carlos Tavares and Louis Gallois, the tandem driven… Continue reading With Dongfeng, PSA remains unsatisfied
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following: First quarter: Operating profit of MSEK 3,616, an increase of 3.6 per cent… Continue reading Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Toyota to invest $170 mln in Mississippi plant, create 400 jobs
DETROIT (Reuters) – Toyota Motor Corp (7203.T) will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE PHOTO: The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File… Continue reading Toyota to invest $170 mln in Mississippi plant, create 400 jobs
Autoliv provides update ahead of planned spin-off
Thu, Apr 26, 2018 23:00 CET (Stockholm, Sweden, April 26, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced important steps in the process to spin-off its Electronics business. The process of spinning off the Electronics business under the name Veoneer is progressing well. Operational separation… Continue reading Autoliv provides update ahead of planned spin-off
Toyota’s Mississippi Plant Investments in Full Bloom
It is springtime in Blue Springs, and plants―such as Toyota Motor Manufacturing, Mississippi―are growing. During a groundbreaking ceremony for Toyota Mississippi’s new visitor and training center, the company announced it would invest $170 million to build the 12th generation Corolla using Toyota New Global Architecture (TNGA).
BRIEF-Magna And BHAP Create JV To Supply Door Modules To Automakers In China
April 26 (Reuters) – Magna International Inc: * MAGNA AND BHAP CREATE JOINT VENTURE TO SUPPLY DOOR MODULES TO AUTOMAKERS IN CHINA * MAGNA INTERNATIONAL INC – JOINT VENTURE AND PRODUCTION FACILITY WOULD ALLOW BOTH MAGNA AND BHAP TO FURTHER EXPAND PRESENCE IN CHINA * MAGNA INTERNATIONAL INC – PRODUCTION WITHIN FACILITY IS SCHEDULED TO… Continue reading BRIEF-Magna And BHAP Create JV To Supply Door Modules To Automakers In China