Tag: Tier 1 Suppliers

Electromobility: Volkswagen splits the automotive industry

Electric motor production at Bosch Significantly fewer components than for an internal combustion engine. (Photo: Bosch) Berlin, Frankfurt, Munich, DüsseldorfWhen Harald Kruger on Wednesday morning the annual balance of BMW presented, then he is already on the go. In Berlin waiting for the BMW-Boss a meeting with his colleagues from Wolfsburg and Stuttgart. Together with… Continue reading Electromobility: Volkswagen splits the automotive industry

Car industry: VW boss Diess brings auto suppliers against him

Herbert dies The VW boss sees in electromobility the sole future of the car industry. (Photo: Bloomberg) StuttgartVolkswagen-Boss Herbert dies mastered an art that was previously only Ferdinand Piëch’s own in Wolfsburg – with just a few words to pique the entire industry. “Open technology is now the wrong slogan and leads to move the… Continue reading Car industry: VW boss Diess brings auto suppliers against him

Electric Cars: Auto supplier ZF sees focus on e-mobility at VW critically

ZF Friedrichshafen However, the switch to an electric car is not possible for many customers overnight, said ZF CEO Scheider. It’s about the range of e-vehicles. (Photo: AP) Berlin boss of the automotive supplier ZF Friedrichshafen, Wolf-Henning Scheider, looks at the car manufacturer Volkswagen too much focus on pure electromobility in the future. “You can… Continue reading Electric Cars: Auto supplier ZF sees focus on e-mobility at VW critically

Oliver Blume: The Porsche boss holds the VW group together

Oliver flower “Where Porsche starts, we drive to victory,” quotes the Porsche CEO the company founder Ferdinand Porsche. (Photo: Bloomberg) StuttgartOliver flower is a passionate footballer and played in the club Libero. “A position that no longer exists today,” notes the tall figure PorscheBoss who makes his black shirts even slimmer than he is anyway.… Continue reading Oliver Blume: The Porsche boss holds the VW group together

Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-19 9:00pm GMT

Q4 2018 Linamar Corp Earnings Call GUELPH Mar 14, 2019 (Thomson StreetEvents) — Edited Transcript of Linamar Corp earnings conference call or presentation Monday, March 11, 2019 at 9:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Dale Schneider Linamar Corporation – CFO * Linda S. Hasenfratz Linamar Corporation – CEO & Non-Independent… Continue reading Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-19 9:00pm GMT

S.Korean pension fund deals blow to Elliott in Hyundai fight

* NPS says Elliott’s dividend proposals “excessive” * NPS says Elliott nominees may lead to “conflicts of interest” * Hyundai shares lose ground (Add analyst, Hyundai comments, share prices) By Hyunjoo Jin SEOUL, March 14 (Reuters) – Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea’s Hyundai Motor… Continue reading S.Korean pension fund deals blow to Elliott in Hyundai fight

Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund

SOUTHFIELD, Mich., March 11, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has invested in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology. The investment, which is being made through Lear Innovation Ventures (LIV), enables future collaboration… Continue reading Lear Invests in Israel-Based Maniv Mobility Venture Capital Fund

Tenneco Reports Fourth Quarter and Full-Year 2018 Results

LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco (NYSE: TEN) reported a fourth quarter net loss of $109 million, or $(1.35) per diluted share. Fourth quarter 2017 net income▲ was $62 million, or $1.19 per diluted share. Adjusted net income was $105 million, or $1.30 per diluted share, versus $91 million or $1.75 per diluted share last year.▲ Fourth… Continue reading Tenneco Reports Fourth Quarter and Full-Year 2018 Results