Press release | – Strengthens Leadership Position in Global Tire Industry – Combines Two Complementary Brand Portfolios with a Comprehensive Offering Across the Value Spectrum – Provides Significant, Immediate and Long-Term Financial Benefits – Opportunity to Create Additional Value from Manufacturing and Distribution – Increases Scale to Support Investments in New Mobility and Fleet Solutions Akron, OH – June 7,[Read More…]
Daimler Financial Services (DFS), the captive finance arm of Daimler AG, announced the appointment of Fred Weick as the new Managing Director of Daimler Financial Services India (DFSI). Established in 2011, DFSI was originally helmed by Sidhartha Nair, who has since moved on to a new role within the DFS group. Nair is now the Head of Strategy for the[Read More…]
Delphi Automotive PLC, a leading global vehicle components manufacturer, today reported record third quarter 2014 U.S. GAAP earnings of $1.02 per diluted share. Excluding special items, third quarter earnings increased 20% to $1.16 per diluted share. Third Quarter Highlights Include: • Revenue of $4.1 billion, up 3% • U.S. GAAP diluted earnings per share of $1.02, up 17% ◦ Excluding[Read More…]
TRW Automotive Holdings Corp. the global leader in active and passive safety systems, has reported second quarter 2014 financial results with sales of $4.6 billion, an increase of 2% compared to the prior year period (up 8% excluding the effect of businesses exited). The Company reported GAAP second quarter net earnings of $265 million or $2.27 per diluted share, which compares to net earnings of $248[Read More…]
DENSO Corporation has announced its global financial results for the first quarter ending June 30, 2014: Consolidated net sales totaled 1,029.1 billion yen (US$10.2 billion), a 3.2 percent increase from the previous year. Consolidated operating income totaled 85.1 billion yen (US$839.1 million), a 16.7 percent decrease from the previous year. Consolidated net income totaled 68.8 billion yen (US$678.7 million), a[Read More…]
Delphi Automotive PLC, a leading global vehicle components manufacturer, has reported second quarter 2014 U.S. GAAP earnings of $1.26 per diluted share. Excluding special items, second quarter earnings increased 15% to $1.42 per diluted share. Second Quarter Highlights Include: Revenue of $4.5 billion, up 5% U.S. GAAP diluted earnings per share of $1.26, up 8% Excluding special items, earnings of[Read More…]
Daimler Financial Services India Pvt. Ltd. (DFSI), a 100% subsidiary of Daimler AG celebrates its 3rd anniversary in India. DFSI offers a full range of financing and insurance solutions to dealers & customers of Mercedes-Benz India & Daimler India Commercial Vehicles. It is the only captive financial services provider offering an Operating Lease solution to customers in the premium car segment.[Read More…]
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…]
Audi, the German luxury car manufacturer, for the second consecutive time sold more than 10,000 units in a single financial year. The company sold 10,126 units in fiscal 2014. It also registered a sale of 2,740 units in the period January – March 2014 against 2,616 units during the same period last year. Also it sold 1,404 units in March[Read More…]
