Tag: Tier 1 Suppliers

DENSO Announces Cancellation of Own Shares

” Kariya (Japan) ― DENSO Corporation (the “Company”), announced that a resolution was adopted at the board of directors meeting held today to cancel its own shares pursuant to Article 178 of the Corporation Act. DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components… Continue reading DENSO Announces Cancellation of Own Shares

DENSO to Open New Facility at Haneda Airport for Automated Driving Technology Development and Testing

” KARIYA (Japan) ― DENSO Corporation (DENSO), the world’s second largest mobility supplier, today announced it will establish a new facility at Haneda Airport in Tokyo to develop and test automated driving technologies. The facility, which is expected to be complete by June 2020, will feature a building and proving ground for mobility systems R&D… Continue reading DENSO to Open New Facility at Haneda Airport for Automated Driving Technology Development and Testing

DENSO Announces of Result of Interim Dividend and the Revision of Year-end Dividend Forecast

” Kariya (Japan) ―DENSO Corporation  today announced the result of its interim dividend and the revision to the year-end dividend forecast for the fiscal year ending March 31, 2019. 1. Content of revision 2. Reason for revision DENSO will continue to raise dividends payment sustainably with taking into accounts its consolidated results, consolidated dividend payout… Continue reading DENSO Announces of Result of Interim Dividend and the Revision of Year-end Dividend Forecast

UPDATE 3-Fiat Chrysler’s lower cash forecast overshadows special dividend pledge

MILAN/DETROIT (Reuters) – Fiat Chrysler (FCA) reported better-than-expected third-quarter earnings and promised to pay 2 billion euros ($2.3 billion) in special dividends, but a lower net cash forecast and its over-reliance on the North American market weighed on its shares. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in… Continue reading UPDATE 3-Fiat Chrysler’s lower cash forecast overshadows special dividend pledge

Volkswagen confirms sales revenue and profit target

The Volkswagen Group continued to grow during the first nine months of the fiscal year and is well on track to achieve its sales revenue and profit target. Despite the switch to the new WLTP test procedure, which resulted in the anticipated temporary third-quarter decline in unit sales particularly in Europe, the Group’s key figures… Continue reading Volkswagen confirms sales revenue and profit target

Exclusive: Bentley warns worst case no deal Brexit would hit profitability, investment

LONDON (Reuters) – The boss of carmaker Bentley said failure to reach a Brexit deal would be quite damaging to annual profit in the worst case scenario, limit the company’s ability to invest and could lead to its plant closing for an additional few days. The Bentley logo is pictured on the company’s’ stand during… Continue reading Exclusive: Bentley warns worst case no deal Brexit would hit profitability, investment

Volkswagen, Mobileye and Champion Motors to Invest in Israel and Deploy First Autonomous EV Ride-Hailing Service

The Volkswagen Group, Mobileye, an Intel Company, and Champion Motors announced plans to deploy Israel’s first self-driving ride hailing service – or Mobility-as-a-Service (MaaS) starting next year. For this, the partners are planning to establish a Joint Venture. The planned cooperation is subject to approval by the responsible authorities and bod-ies. Operating as “New Mobility… Continue reading Volkswagen, Mobileye and Champion Motors to Invest in Israel and Deploy First Autonomous EV Ride-Hailing Service