HERZOGENAURACH, Germany, May 8, 2018 /PRNewswire/ — Global automotive and industrial supplier Schaeffler announced its quarterly results for the first three months of 2018 today. As a result of the organizational realignment initiated last year, this is the first time the company is also reporting on the performance of its three divisions – Automotive OEM (64.2 percent… Continue reading Schaeffler reports three divisions for the first time and confirms guidance for the year
Tag: Tier 1 Suppliers
VW boss Herbert diess said before US authorities
US investigators have apparently interviewed VW boss Herbert Diess because of the diesel scandal. A direct connection with the US indictment Martin Winterkorns does not exist according to the news agency Reuters. VW boss Herbert Diess Tuesday, 08.05.2018 16:01 clock The new Volkswagen CEO Herbert Diess has testified according to information from group circles before… Continue reading VW boss Herbert diess said before US authorities
Continental and filtration specialist UFI Filters agree on strategic cooperation
Filters for the automotive aftermarket available under the Continental brand as of January 2019 OE-quality range covers large proportion of the European vehicle fleet To be premiered at Automechanika in September Frankfurt, May 8, 2018. The technology company Continental and filter manufacturer UFI Filters are pooling their strengths and have agreed on a strategic cooperation,… Continue reading Continental and filtration specialist UFI Filters agree on strategic cooperation
Price pressure in the car business burdened Suppliers: Schaeffler cuts 950 jobs
All articles and backgrounds 08/05/2018 Price pressure in the car business burdened Suppliers Schaeffler cuts 950 jobs DPA Schaeffler Group headquarters in Herzogenaurach The automotive and industrial supplier Schaeffler wants to reduce 950 jobs worldwide. About 450 of them were in Germany, said the group on Monday in Herzogenaurach. The jobs should be eliminated in… Continue reading Price pressure in the car business burdened Suppliers: Schaeffler cuts 950 jobs
Solid Growth with Pioneering Technologies: Continental’s Order Intake at Record Level
Organic sales growth of 4.3 percent to €11.0 billion Automotive and Rubber Group growing organically considerably faster than the markets Adjusted operating result of €1.1 billion / adjusted EBIT margin of 9.7 percent Net income virtually stable at €738 million or €3.69 per share New record: Order intake in Automotive Group amounts to €11 billion Hanover, May 8, 2018.… Continue reading Solid Growth with Pioneering Technologies: Continental’s Order Intake at Record Level
(LEAD) Hyundai Mobis expects to win US$7 bln in orders this year
(ATTN: CHANGES photo) SEOUL, May 8 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Tuesday it expects to win US$7 billion worth of orders globally this year on the heels of a rise in demand in China. Total orders soared to $6 billion in 2017 from $500 million in 2015 as… Continue reading (LEAD) Hyundai Mobis expects to win US$7 bln in orders this year
China’s SF Express invests $100m in US freight forwarder Flexport
April 30, 2018 Chinese express delivery firm SF Express has invested $100 million in US-headquartered Flexport, a full-service global freight forwarder and logistics platform named last year by Forbes as one of the 25 next billion-dollar startups. SF Express, China’s leading courier company, now joins existing investors, including First Round Capital, Bloomberg Beta, Founders Fund,… Continue reading China’s SF Express invests $100m in US freight forwarder Flexport
NIO Issued Beijing Intelligent Connected Vehicle Test Permit
26 Apr 2018 Beijing, China – April 24 – NIO has obtained the permit required for testing autonomous vehicles on public roads in Beijing. The autonomous driving road tests designated by the Beijing municipal government include 30 urban and country roads with a total distance of 100 kilometers. The ES8 has already gone through… Continue reading NIO Issued Beijing Intelligent Connected Vehicle Test Permit
Didi Chuxing, Auto Partners Form Global Carsharing Alliance
Photo: Didi Chuxing Didi Chuxing has joined 31 of its auto industry partners to launch the Didi Auto Alliance (D-Alliance or the Alliance). For the first time, the Alliance will bring together resources and the strengths of the new mobility sector with those of key links in the automotive industry chain, with the aim to develop… Continue reading Didi Chuxing, Auto Partners Form Global Carsharing Alliance
Bosch invests in Allegro.AI
The supplier Bosch invests in the startup Allegro.AI, which deals with artificial intelligence. This startup is also off Israel, where many startups from the automotive industry are currently visiting: Allegro.AI deals with the AI. Specifically, an end-to-end Lifecycle Management for AI has been developed. This closes the gap between laboratory and field test at the… Continue reading Bosch invests in Allegro.AI