in €m Q1 2019 Q1 2020 Reported At constant scope & curr. Sales 4,325 3,739 -13.5% -19.7% By region Europe North America Asia South America Rest of the World 2,217 1,117 798 150 43 1,931 1,014 635 127 32 -12.9% -9.2% -20.4% -15.2% -26.2% -16.4% -18.3% -33.9% -2.1% -21.5% Q1 SALES IMPACTED BY COVID-19 DISRUPTION… Continue reading @Groupe PSA: First quarter 2020 sales
Tag: Tier 1 Suppliers
Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call
SOUTHFIELD, Mich., April 21, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today provided an update on its liquidity position, as well as details on the Company’s first quarter 2020 earnings conference call. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) More As of the quarter ended April… Continue reading Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call
Bridgestone will close down 8 tire plants during late April-early May
TOKYO — Japanese tiremaker Bridgestone said on Monday it will suspend operations at its 11 domestic plants, including 8 tire factories, from late April to early May to cope with dwindling demand due to the coronavirus pandemic. The world’s biggest tiremaker will shut down the 8 tire plants between April 29 and May 8, including… Continue reading Bridgestone will close down 8 tire plants during late April-early May
@Groupe PSA: Q1 2020 Group revenue at €15.2 billion
Groupe PSA Q1 revenue down by 15.6% at €15.2 billion; Automotive division[1] revenue down by 15.7% at €11.9 billion driven by a sharp volume drop partially offset by a strong product mix; Consolidated worldwide sales down 29%; The Group’s priority is to protect its employees with a reinforced sanitary protocol and prepare the future of… Continue reading @Groupe PSA: Q1 2020 Group revenue at €15.2 billion
Linamar Corporation Provides Q1 and COVID-19 Related Update on Market Conditions
GUELPH, ON , April 20, 2020 /CNW/ – Linamar Corporation (LNR.TO) today released commentary regarding ongoing COVID-19 related impacts to its business and provided the latest available updated industry conditions in the key Access, Agriculture and Automotive markets in which it operates. Linamar Corporation (CNW Group/Linamar Corporation) More A presentation deck highlighting the key actions,… Continue reading Linamar Corporation Provides Q1 and COVID-19 Related Update on Market Conditions
Vitesco Technologies to Open New R&D Center in China, Underlining the Strategic Focus on Electrified Powertrains
The center, which is going to be built in Tianjin, extends the research and development capacity for zero emission propulsion technologies in the Asia-Pacific region Vitesco Technologies already operates a modern, highly automated plant at the site, where an innovative, fully integrated electric axle drive system has been produced since 2019 Tianjin, China, Regensburg, Germany,… Continue reading Vitesco Technologies to Open New R&D Center in China, Underlining the Strategic Focus on Electrified Powertrains
Press: ZF Zhangjiagang Braking plant delivers its 20 millionth caliper
Since SOP in 2015, the ZF Zhangjiagang Braking plant has produced 20 million calipers in 4.5 years Products at top quality, with Parts Per Million (PPM) defect rate under 0.35 ZF, the pioneer of motor-on-caliper Electric Park Brake technology, offers significant advantages in weight reduction, enhanced fuel economy, and is an outstanding embodiment of intelligent… Continue reading Press: ZF Zhangjiagang Braking plant delivers its 20 millionth caliper
Bridgestone to suspend 11 Japanese plants during late April-early May
FILE PHOTO: The logo of Bridgestone Corp is seen next to its new Playz tyre during the tyre’s unveiling event in Tokyo, Japan, January 8, 2016. REUTERS/Toru Hanai TOKYO (Reuters) – Japanese tyremaker Bridgestone Corp (5108.T) said on Monday it will suspend operations at its 11 domestic plants, including 8 tyre factories, from late April… Continue reading Bridgestone to suspend 11 Japanese plants during late April-early May
Car parts maker Faurecia expects full China output in May as sales slide
FILE PHOTO: An illustration shows a car dashboard with a giant screen on the side of the Faurecia booth during the 2019 CES in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve Marcus/File Photo PARIS (Reuters) – Faurecia’s (EPED.PA) first quarter sales fell by 13.5% due to the coronavirus crisis, the French car parts maker… Continue reading Car parts maker Faurecia expects full China output in May as sales slide
04/17/2020Message from Dr. Jörg Stratmann, MAHLE CEO, to all MAHLE employees
Message from Dr. Jörg Stratmann, MAHLE CEO, to all MAHLE employees
Home
Press
Press releases
Update April 17, 2020We are working intensively on ramp up planning. Protecting the health of our employees is here the top priority. We adopted an extensive package of measures – we work in small teams to adjust production plants, to be able to keep distances on the shop floor or – according to the requirements of this situation – to implement highest hygiene standards. The comprehensive protective measures at our locations were further intensified, all operating processes at MAHLE are subject to strict safety precautions.
Our teams are also working relentlessly to restore stability in the supply chains. This will be a key factor in ramping up production. I know these are challenging times for all of us. The end of this global crisis is not yet in sight. But we act sensibly and decisively by gradually ramping up production to meet the needs of automotive manufacturers. I can assure you that we will deliver accordingly. We remain the reliable partner that we are known and valued for. We will contribute to getting our industry back on track.
Let's continue to stick together. My thanks – and that of my management board colleagues – goes to all employees who contribute to coping with this crisis worldwide.