Tag: Tier 1 Suppliers

Bosch invests billions in climate action and air quality

Stuttgart and Renningen, Germany – For the Bosch Group, the 2018 business year was a successful one. The company increased its sales revenue to a record 78.5 billion euros. Earnings before interest and taxes (EBIT) from operations reached 5.5 billion euros. In spite of heavy upfront investments in areas such as the electrification and automation… Continue reading Bosch invests billions in climate action and air quality

Magna Announces First Quarter Results

Sales of $10.6 billion decreased 2%, compared to global light vehicle production down 7%Excluding foreign currency translation and acquisitions net of divestitures, sales in each segment outpaced global light vehicle productionReturned $403 million to shareholders through dividends of $119 million and $284 million in share repurchases2019 outlook reduced largely to reflect higher expected costs on… Continue reading Magna Announces First Quarter Results

UPDATE 2-Continental powertrain IPO could be delayed further after profit slides

* First-quarter net profit falls 22 pct to 575 mln euros * Expects market upturn in second half * Affirms guidance for operating margin of 8-9 pct * CFO says powertrain IPO depends on market conditions (Recasts, adds CFO quotes on powertrain IPO) HAMBURG/BERLIN, May 9 (Reuters) – German automotive supplier Continental’s spin-off of its… Continue reading UPDATE 2-Continental powertrain IPO could be delayed further after profit slides