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Simon Warburton

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Renault Group H1 net income powers up 54% to EUR2.4bn

28 July 2017 | Simon Warburton

Renault Group H1 net income powers up 54% to EUR2.4bn Renault Group has unveiled first-half net income soaring 54% to EUR2.4bn (US$2.8bn), while revenue rose 17% to EUR29.5bn.  "The Group p... read more


GKN records H1 profit before tax of US$516m

27 July 2017 | Simon Warburton

GKN records H1 profit before tax of US$516m GKN Group has reported half-year profit before tax (management basis) up 14% to GBP393m (US$516m) (2016: GBP344m), helped by currency. "We made progre... read more


Adient Q3 net income rises to US$204m

27 July 2017 | Simon Warburton

Adient Q3 net income rises to US$204m Adient has unveiled third quarter net income increasing to US$204m, with adjusted-EBIT rising to US$336m. Just-auto's QUBE research service... read more


Visteon posts Q2 net income up 42% to US$45m

27 July 2017 | Simon Warburton

Visteon posts Q2 net income up 42% to US$45m Visteon has recorded second-quarter net income up 42% to US$45m, with sales of US$774m, up from US$773m "Our second-quarter performance was very soli... read more


BorgWarner posts Q2 net sales up 2.6% to US$2.4bn

27 July 2017 | Simon Warburton

BorgWarner posts Q2 net sales up 2.6% to US$2.4bn BorgWarner has unveiled second-quarter net sales up 2.6% to US$2.4bn, compared to the same period a year ago. Excluding the impact of foreign cu... read more


Lear Q2 profit up 10% to US$312m

27 July 2017 | Simon Warburton

Lear Q2 profit up 10% to US$312m Lear has unveiled second-quarter net income up 10% to US$312m with sales rising 8% to US$5.1bn. "In the second quarter, we continued to grow our sales faster tha... read more


Michelin posts H1 net income up 12% to EUR863m

26 July 2017 | Simon Warburton

Michelin posts H1 net income up 12% to EUR863m Michelin has unveiled half-year net income up 12% to EUR863m (US$1bn) , while volume rose 4.1%, dampened in Q2 by heavy buying in Q1 ahead of price incr... read more


PSA unveils H1 net income of EUR1.3bn

26 July 2017 | Simon Warburton

PSA unveils H1 net income of EUR1.3bn PSA has posted record net income of EUR1.3bn (US$1.5bn), with Group revenue up 5% to EUR29.2bn. "Group PSA record performance was achieved thanks to ou... read more


Autoliv posts Q2 consolidated sales of US$2.55bn

25 July 2017 | Simon Warburton

Autoliv posts Q2 consolidated sales of US$2.55bn Autoliv has reported second-quarter consolidated sales of US$2.55bn, while organic sales increased 0.2%. The expectation at the beginning of the ... read more


Autoneum records H1 net profit up 1% to US$65m

25 July 2017 | Simon Warburton

Autoneum records H1 net profit up 1% to US$65m Autoneum has posted first-half net profit before special effects up 1% to CHF61.2m (US$65m) while sales rose 2.4% to CHF1.1bn. "Despite a weak... read more


BASF polyurethane systems improved to reduce emissions in car interiors

25 July 2017 | Simon Warburton

BASF polyurethane systems improved to reduce emissions in car interiors BASF says it has improved the process for manufacturing Lupranol (polyether polyol) so car components which are ... read more


Faurecia H1 profit up 28% to EUR314m

25 July 2017 | Simon Warburton

Faurecia H1 profit up 28% to EUR314m Faurecia has posted half-year profit up 28% to EUR314m (US$366m), while sales rose 8.5% to EUR8.6bn. All Business Groups posted organic growth of more than 6... read more


Gestamp records H1 net profit up 27% to EUR116m

25 July 2017 | Simon Warburton

Gestamp records H1 net profit up 27% to EUR116m Gestamp has posted first-half net profit up 27% to EUR116m (US$135m) while revenue grew 10.4% to EUR4.1bn. EBITDA was EUR452m, representing an 11.... read more


France top political brass dispatched to GM&S

21 July 2017 | Simon Warburton

France top political brass dispatched to GM&S Senior French politicians have plunged directly into one of France's most intractable industrial disputes of recent times, as Renault and PSA stamper, GM... read more


Plastic Omnium H1 auto revenue up 30% to EUR3.9bn

21 July 2017 | Simon Warburton

Plastic Omnium H1 auto revenue up 30% to EUR3.9bn Plastic Omnium has posted first-half automotive revenue of EUR3.9bn, up 30%, including EUR492m from exterior body parts, a business acquired in July ... read more


JLR opens Chery JV China engine plant

21 July 2017 | Simon Warburton

JLR opens Chery JV China engine plant Jaguar Land Rover has opened a Chinese engine plant as part of its RMB10.9bn (US$1.6bn) joint venture with Chery Automobile to manufacture the Ingenium 2.0-litre... read more


Valeo posts H1 profit up 20% to EUR506m

21 July 2017 | Simon Warburton

Valeo posts H1 profit up 20% to EUR506m Valeo has recorded sparkling half-year profit up 20% to EUR506m (US$589m), while sales rose 16% to EUR9.5bn. "In line with the strategic plan present... read more


Renault order pledge throws lifeline to GM&S

20 July 2017 | Simon Warburton

Renault order pledge throws lifeline to GM&S Renault says it has made major commitments to the mooted buyer of parts producer, GM&S as the embattled supplier looks to stave off potential liquidat... read more


PSA/Renault up GM&S stakes as Tribunal decision looms

20 July 2017 | Simon Warburton

PSA/Renault up GM&S stakes as Tribunal decision looms PSA and Renault have dramatically upped their financial commitments to threatened stamping supplier, GM&S, offering to guarantee EUR50m (US$5... read more


Magna has Plan B if Slovenia plans thwarted

19 July 2017 | Simon Warburton

Magna has Plan B if Slovenia plans thwarted Magna says it is "sure" it will secure approval for its new vehicle assembly plant in Slovenia, although the supplier maintains it has an alternative plan ... read more


Navya to open its first US production plant in Saline, Michigan

19 July 2017 | Simon Warburton

Navya to open its first US production plant in Saline, Michigan Navya, in collaboration with Michigan Economic Development Corporation (MEDC) and Ann Arbor Spark have announced its plant in the ... read more


Calsonic Kansei/Quarkslab establish White Motion company in Japan

19 July 2017 | Simon Warburton

Calsonic Kansei/Quarkslab establish White Motion company in Japan Calsonic Kansei and French cyber security company, Quarkslab, have established White Motion to address cyber security in th... read more


JLR chief lauds Tata Technologies relationship

18 July 2017 | Simon Warburton

JLR chief lauds Tata Technologies relationship Jaguar Land Rover says its relationship with Tata Technologies is "close" as it leverages the engineering services company's competences in myriad disci... read more


Slovenia Magna decision imminent as 3,000 apply already

18 July 2017 | Simon Warburton

Slovenia Magna decision imminent as 3,000 apply already Slovenia's Ministry of Economy says 3,000 people have already applied for jobs at Magna's potential new vehicle assembly plant in the coun... read more


Haldex Q2 marrred by uncertainty swirling around Knorr-Bremse bid

18 July 2017 | Simon Warburton

Haldex Q2 marrred by uncertainty swirling around Knorr-Bremse bid Haldex has posted second quarter operating income excluding one-off items down 11% to SEK78m (US$9.4m) from SEK87m, with the Swedish ... read more


New Tata Tech centre "vote of confidence" in UK - CEO

17 July 2017 | Simon Warburton

New Tata Tech centre "vote of confidence" in UK - CEO Tata Technologies' decision to open its new GBP20m (US$26m) Warwick European Innovation and Development Centre (EIDC) in Britain's Midlands regio... read more


Automation convergence driving change - Tata Technologies CEO

17 July 2017 | Simon Warburton

Automation convergence driving change - Tata Technologies CEO Tata Technologies says rapid advances in automation and the alignment of new data collection methods are allowing it to provide services ... read more


AAM announces top management changes

17 July 2017 | Simon Warburton

AAM announces top management changes AAM has named Olaf Bongwald as its Driveline Europe operations president, succeeding Michael Bly, who has been appointed the supplier's global sale... read more


Renault Group unveils record H1 sales up 10% to 1.88m vehicles

17 July 2017 | Simon Warburton

Renault Group unveils record H1 sales up 10% to 1.88m vehicles Renault Group has posted record half-year sales up 10.4% to 1.88m vehicles, with all Group brands seeing rises in volumes and market sha... read more


Tata Technologies stresses human element of future automation

13 July 2017 | Simon Warburton

Tata Technologies stresses human element of future automation Tata Technologies says it does not envisage future manufacturing processes representing a threat to employment as working practices radic... read more


PSA Iran "huge success" as global H1 sales rise 2.3%

13 July 2017 | Simon Warburton

PSA Iran "huge success" as global H1 sales rise 2.3% PSA has recorded first half worldwide sales up 2.3% and although Europe and China remain challenging, the automaker has declared its nascent Iran ... read more


Volvo Trucks North America reveals new VNL series

13 July 2017 | Simon Warburton

Volvo Trucks North America reveals new VNL series Volvo Trucks North America has unveiled the new Volvo VNL series available in several configurations. "The new Volvo VNL builds on our... read more


NSG to invest in Indonesian lead-acid battery separator JV

13 July 2017 | Simon Warburton

NSG to invest in Indonesian lead-acid battery separator JV NSG has reached an agreement with Entek International and Indonesia-based Separindo, to invest in PT Entek Separindo Asia, a joint... read more


Euro NCAP elects Pierre Castaing as president

13 July 2017 | Simon Warburton

Euro NCAP elects Pierre Castaing as president Euro NCAP has elected Pierre Castaing as president and chairman of the Board of Directors for the next two years.  Castaing succeeds Andre... read more


Johnson Electric records Q1 Group sales up 10% to US$753m

12 July 2017 | Simon Warburton

Johnson Electric records Q1 Group sales up 10% to US$753m Johnson Electric has posted Group sales for the quarter ended 30 June of US$753m compared to US$686m in the same quarter in 2016 – an i... read more


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