Transformational change to the company’s capital structure underway, underpinned by accelerated debt repayment PLYMOUTH, Mich., May 6, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter 2021 financial results. (PRNewsfoto/Adient) Q2 GAAP net income and EPS diluted of $69M and $0.72 respectively; Q2 Adj.-EPS diluted of $1.15 Q2… Continue reading Adient reports solid second quarter 2021 financial results despite a turbulent production environment
Tag: Strategy
Valmet Automotive signs 3rd customer deal for Uusikaupunki battery plant, production line installations started
Valmet Automotive has signed a third customer deal for manufacturing battery systems at the Uusikaupunki battery plant. The customer is a major automotive OEM. Installations of the production lines have started at the plant, and the recruitment campaign is progressing well. Production at the battery plant will start in the second half of 2021. The… Continue reading Valmet Automotive signs 3rd customer deal for Uusikaupunki battery plant, production line installations started
Sarwant Singh quits Frost Sullivan; joins Switch Mobility leadership team
Sarwant is an MBA from the University of Leads and a B Tech in electrical engineering from Saurashtra University. New Delhi: Sarwant Singh, former managing partner at consulting firm Frost & Sullivan, has joined as Ashok Leyland-owned Switch Mobility UK’s president and chief planning officer, and CEO of the mobility service company of the Group,… Continue reading Sarwant Singh quits Frost Sullivan; joins Switch Mobility leadership team
Mahindra & Mahindra to set up advanced design centre in the UK
The Mahindra Group has announced the setting up of Mahindra Advanced Design Europe (M.A.D.E) in the West Midlands, UK. An official statement issued today says, “The new Centre of Excellence (CoE), will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin,… Continue reading Mahindra & Mahindra to set up advanced design centre in the UK
Aston Martin halves losses in first quarter as its SUV sales soar
Aston Martin Lagonda’s losses more than halved in the first quarter as sales of its first-ever sports utility vehicle (SUV) accelerated, especially in markets such as China. The luxury carmaker – which will get a significant marketing boost later this year as James Bond’s car of choice when the next film in the spy franchise… Continue reading Aston Martin halves losses in first quarter as its SUV sales soar
Tesla supplier Delta Electronics invests $7M in AI chip startup Kneron
Despite a persistent semiconductor shortage that is disrupting the global automotive industry, investors remain bullish on the chips used to power next-generation vehicles. Kneron, a startup that develops semiconductors to give devices artificial intelligence capabilities by using edge computing, just got funded by Delta Electronics, a Taiwanese supplier of power components for Apple and Tesla.… Continue reading Tesla supplier Delta Electronics invests $7M in AI chip startup Kneron
First Quarter: Continental Achieves Good Result, Confirming its Course for the Future
Consolidated sales of €10.3 billion (Q1 2020: €9.9 billion, +3.5 percent); organic growth of 8.6 percent Adjusted EBIT of €834 million (Q1 2020: €433 million, +92.5 percent) Adjusted EBIT margin of 8.1 percent (Q1 2020: 4.4 percent) Net income of €448 million, (Q1 2020: €292 million, up €156 million year-on-year) Free cash flow before acquisitions,… Continue reading First Quarter: Continental Achieves Good Result, Confirming its Course for the Future
@GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021
DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, and the industry recovery in China. The company is highly confident in its full-year 2021 guidance outlined earlier this year as it works to manage… Continue reading @GM: GM Reports Strong First-Quarter 2021 Results May 5, 2021
GM CEO Mary Barra wants to sell personal autonomous vehicles using Cruise’s self-driving tech by 2030
GM CEO Mary Barra sees the automaker selling personal autonomous vehicles by the end of the decade by leveraging technology from its self-driving subsidiary Cruise, according to comments made during the company’s Wednesday earnings call. Barra wasn’t providing any specifics just yet, but instead laid out a vision for the automaker’s future and how its… Continue reading GM CEO Mary Barra wants to sell personal autonomous vehicles using Cruise’s self-driving tech by 2030
@Ferrari: 812 Competizione and 812 Competizione A: two interpretations of Ferrari’s racing soul000108
Unveiled today the new Ferrari V12 special series based on the 812 Superfast The dynamic launch event was live-streamed on Ferrari’s social media channels The coupé is flanked by an exclusive Targa version The presentation was held in the new GT Sporting Activities Department located next to the Fiorano track Maranello, 5 May 2021 –… Continue reading @Ferrari: 812 Competizione and 812 Competizione A: two interpretations of Ferrari’s racing soul000108