Global automotive Tier 1 supplier, Valeo announced its first-quarter sales of 2020. The original equipment sales for the group slipped eight percent to 3,797 million euros from the previous year (4,121 million euros in Q1 2019). In India, the French company recorded a 15 percent drop in the OE sales (40 million euros) for the… Continue reading Valeo’s global Q1 sales in 2020 drops eight percent, India sales down as well
Tag: Tier 1 Suppliers
Autoliv Q1 profit beats forecast as China exits lockdowns
STOCKHOLM (Reuters) – Sweden’s Autoliv (ALIVsdb.ST) (ALV.N), the world’s largest producer of airbags and seatbelts, reported a much smaller than expected fall in the quarterly earnings on Friday and said it was seeing a recovery in demand and production in China. First-quarter adjusted operating earnings at Autoliv tumbled to $134 million from a year-ago $173… Continue reading Autoliv Q1 profit beats forecast as China exits lockdowns
Sweden’s Veoneer to exit brake control business
STOCKHOLM, April 23 (Reuters) – Swedish auto technology group Veoneer said late Thursday it would exit its brake control business following a strategic review, and had inked a non-binding deal to sell its U.S. brake control programs to an unnamed automotive supplier. Loss-making Veoneer, which makes radars, vision systems and software for advanced driver-assistance systems,… Continue reading Sweden’s Veoneer to exit brake control business
Sony Vision-S Electric Crossover Renderings Show Off Sleek Design
Sony surprised us earlier this year with the Vision-S at the Consumer Electronics Show. It was a concept car designed to showcase the company’s various automotive technologies in one sleek package. However, it didn’t remain Sony’s only car. A video highlighting the Vision-S shortly after the reveal briefly showed the front clip of a high-riding,… Continue reading Sony Vision-S Electric Crossover Renderings Show Off Sleek Design
@Groupe PSA: 2020 Marks the Start of the Decade of Hydrogen
The growing impact of climate change, harsher penalties for greenhouse gas emissions, and a greater awareness of our carbon footprint are all driving efforts for more sustainable sources of energy. Because of the abundance of hydrogen and its existing use in energy generation, industry and transport, the Hydrogen Council estimates that by 2050 18% of… Continue reading @Groupe PSA: 2020 Marks the Start of the Decade of Hydrogen
@Groupe PSA: First quarter 2020 sales
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
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