News

Shareholder value creation plan and solid financial performance mark Visteon’s Q1 results

Shareholder value creation plan and solid financial performance mark Visteon’s Q1 results

Visteon Corporation today announced first-quarter 2014 results, reporting sales of $1.98 billion and net income attributable to the company of $19 million, or $0.38 per diluted share. Adjusted EBITDA, a non-GAAP financial measure was $170 million, compared with $141 million in the same period last year. “We delivered solid financial results in the first quarter while announcing or completing key[Read More…]

by May 8, 2014 Globescan, News, Web Exclusive
Continental in-tyre sensors read tread, depth

Continental in-tyre sensors read tread, depth

The close cooperation between electronics and tyre developers at Continental, the international automotive supplier, continues to bear fruit. Future tyre pressure sensors, for instance, will be able to detect when a tyre change is necessary due to insufficient tread depth. Explaining the importance of regular tread depth monitoring, Andreas Wolf, head of the Body & Security business unit, points out,[Read More…]

by May 7, 2014 Globescan, News, Web Exclusive
Nissan India inaugurates new parts distribution centre in Chennai

Nissan India inaugurates new parts distribution centre in Chennai

In order to increase delivery efficiency, Nissan Motor India on 6 May inaugurated its new after-sales Parts Distribution Centre (PDI) in Chennai. The new PDC will help optimise Nissan’s supply-chain management process in India by ensuring a more efficient delivery of spare parts to its authorised workshops across the country. This is expected to facilitate quicker service offered to the[Read More…]

by May 7, 2014 News, OEM, Web Exclusive
TVS launches StaR City+

TVS launches StaR City+

In a bid to gain market share in the commuter bike segment, TVS Motor Company today launched its all-new motorcycle StaR City+. Currently the company is offering StaR City Sport in the entry level and hold 6% market share in the commuter segment. The new 110 cc motorcycle, which is priced at Rs 44,000 (ex-showroom New Delhi) is loaded with[Read More…]

by May 5, 2014 News, OEM, Web Exclusive
Bosch Car Service Centers join forces with CORALIX Fleet Solutions

Bosch Car Service Centers join forces with CORALIX Fleet Solutions

Bosch operates some 1100 Bosch Car Service centers in Germany, offering all manner of cross-brand car services. The range of services offered at these centers includes the traditional Bosch fields of automotive electrics, electronics and diesel servicing, as well as general mechanical repairs, inspections, air-conditioning servicing, oil servicing, tires and autoglass servicing as well as in-car multimedia servicing. Special conditions[Read More…]

GM India launches first anniversary editon of Chevrolet Enjoy

GM India launches first anniversary editon of Chevrolet Enjoy

General Motors India today celebrated the first anniversary of the arrival of Chevrolet Enjoy MPV with the launch of the 1st anniversary edition. Launching the anniversary edition, GM India President and Managing Director Arvind Saxena said “Chevrolet Enjoy has completed a very successful ‘Year of Enjoyment’ on Indian roads It has given our customers a spacious multi-purpose vehicle and a[Read More…]

by May 5, 2014 News, OEM, Web Exclusive
M N Vidyashankar is new President of India Electronics & Semiconductor Association (IESA)

M N Vidyashankar is new President of India Electronics & Semiconductor Association (IESA)

India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, today announced the appointment of M N Vidyashankar, as the new President. In his previous assignments, Vidyashankar has served as Additional Chief Secretary, Department of Commerce & Industries and Principal Secretary, Department of IT, BT and S&T, Government of Karnataka.[Read More…]

Visteon signs agreement to divest majority of Automotive Interiors Business to an affiliate of Cerberus Capital Management

Visteon signs agreement to divest majority of Automotive Interiors Business to an affiliate of Cerberus Capital Management

Visteon Corporation today announced an agreement to divest the majority of its global automotive interiors business to an affiliate of Cerberus Capital Management, L.P. The transaction, which is subject to regulatory reviews and other conditions, is expected to be completed by Dec. 31, 2014. Visteon also announced it has completed a previously announced agreement to sell its 50 percent ownership[Read More…]

by May 2, 2014 Globescan, News, Web Exclusive

ACMA-YBLF explores investment opportunity in Mexico

With the objective of grooming auto component leaders of tomorrow, the Automotive Component Manufacturers Association of India (ACMA), the apex body for the Indian auto component industry recently organised a delegation for its Young Business Leaders Forum (YBLF) to Mexico.  The ACMA -YBLF is the youth wing of ACMA that comprises second and third generation scions of the auto component[Read More…]

by May 2, 2014 Events, Focus, News, Web Exclusive
Continental acquires remaining interest in Emitec

Continental acquires remaining interest in Emitec

Continental strengthens its systems competencies in the field of drive train technologies. The international automotive supplier, tire manufacturer, and industry partner intends to purchase the outstanding shares in Emitec Gesellschaft für Emissionstechnologie mbH. Emitec, to date a 50-50 joint venture co-owned by Continental and GKN plc – will be acquired by Continental and integrated into its Powertrain Division. With the[Read More…]

by May 2, 2014 Globescan, News, Web Exclusive