Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Tag: Manufacturing
Partnership agreed between Bosch and Munich Re
The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building… Continue reading Partnership agreed between Bosch and Munich Re
Bollinger B1 Electric Truck On Fully Charged – Video
1 week ago by Mark Kane [embedded content] Fully Charged once again takes us back to the 2017 Los Angeles Auto Show where the Bollinger B1 was one of the stars of the show. Bollinger B1 This one of the most interesting and maybe even the first true all-electric, off-road vehicle that’s production bound. With… Continue reading Bollinger B1 Electric Truck On Fully Charged – Video
Autoliv publishes its 2017 Annual Report on Form 10-K
Thu, Feb 22, 2018 16:35 CET (Stockholm, Sweden, February 22, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has filed its 2017 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The Form 10-K is available at the SEC Edgar website: www.sec.gov and on… Continue reading Autoliv publishes its 2017 Annual Report on Form 10-K
Porsche stops production of all its diesel cars
In the latest move towards cleaner forms of transport, Porsche has confirmed that it is putting an end to diesel engines in its cars. The German manufacturer cited a “cultural shift” among its customers as the main reason, according to trade publication Autocar. It was revealed this week that the company will cease production of… Continue reading Porsche stops production of all its diesel cars
An eye for mistakes
Porsche develops artificial neural networks for Production 4.0.
General Motors cutback in car production at Oshawa plant to be extended: report
OSHAWA, Ont. – General Motors Co. is reportedly extending a cutback in car production at its plant in Oshawa, Ont., into April and May before it begins a second shift to produce pickup trucks later this year.The automaker had halted production of Cadillac XTS and Chevrolet Impala cars for three weeks in January and brought… Continue reading General Motors cutback in car production at Oshawa plant to be extended: report
AUDI gives update on use of SLM metal 3D printing for the automotive industry
Metal additive manufacturing specialists, the SLM Solutions Group AG has worked with fellow Germany based enterprise AUDI AG for several years now. A new update from SLM Solutions provides further details on how AUDI are using metal additive manufacturing. This includes the SLM280HL purchased in 2016. At AUDI, selective laser melting is used to manufacture… Continue reading AUDI gives update on use of SLM metal 3D printing for the automotive industry
On-Demand with Pooling | Moovel pilot project in Karlsruhe
On the occasion of the IT-Trans fair Moovel offers together with the Karlsruher Verkehrsverbund an on-demand pooling service. Over three days, you can use the transport service for free, which is part of the IT trans Karlsruhe which is also a test field for autonomous driving. The car service is organized by the Mercedes Benz… Continue reading On-Demand with Pooling | Moovel pilot project in Karlsruhe
Kia Motors India to begin production by mid-2019
Construction of the new plant in Anantapur district of Andhra Pradesh began in mid-2017 with an investment of about $1.1 billion (around Rs 7,050 crore). Kia Motors India is going all out with its India operations. The carmaker has laid down the structural framework for its new manufacturing facility in the Anantapur district of Andhra Pradesh. The… Continue reading Kia Motors India to begin production by mid-2019