“PACCAR reported increased revenues and net income for the second quarter of 2014,” said Ron Armstrong, chief executive officer. “PACCAR’s second quarter results reflect the benefits of improving truck sales in the U.S. and Canada and strong aftermarket parts and financial services results worldwide. I am very proud of our 22,600 employees who have delivered excellent results to our shareholders[Read More…]
TRW Automotive Holdings Corp. (NYSE: TRW), the global leader in active and passive safety, has launched its latest-generation Electric Park Brake (EPB) technology with three major Japanese based vehicle manufacturers and will begin production with a fourth automaker in the near future. The EPB system functions as a conventional hydraulic brake for standard service brake applications, and as an electric[Read More…]
GKN plc and The Go-Ahead Group have agreed a deal that will help reduce emissions in cities with the supply of electric flywheel systems to 500 buses over the next two years. The innovative GKN system is based on Formula One race technology developed in the UK. It will help increase the efficiency of every bus to which it is[Read More…]
– Record second quarter segment operating income of $460 million – North America second quarter earnings of $208 million, record for any quarter – Europe, Middle East and Africa second quarter earnings more than double to $117 million – Second quarter tire volumes increase 3%, in line with full-year outlook – First half segment operating income of $833 million up[Read More…]
Business figures for the 1st half / 2nd quarter of 2014 High order intake in the second quarter EBIT margin of 8.4% in the first half of the year in line with targets 9.4% increase in order backlog since the end of 2013 At the end of the first half of 2014, Dürr is confident of achieving its full-year targets. After a strong[Read More…]
MathWorks, the US headquartered developer of computing software for engineers and scientists, today announced the introduction of Simulink Real-Time into the Simulink product family. Simulink Real-Time enables engineers to build, test, and run real-time applications from Simulink models on dedicated target computer hardware connected to their physical systems, providing a complete end-to-end real-time simulation and testing solution. Combining the functionality[Read More…]
Dr Seshu Bhagavathula has been appointed as the Chief Technology Officer (CTO) at Apollo Tyres Ltd. Dr Seshu will spearhead the global initiatives for the company on tyre technology, research and new product development, for both passenger vehicle and commercial vehicle tyres. He will be assisted by the research, technology and design teams across all geographies. Said Neeraj Kanwar, Vice Chairman[Read More…]
BASF Shanghai Coatings Co., Ltd. today inaugurated its new automotive coatings plant at the Shanghai Chemical Industry Park in Shanghai, China. The expansion of its automotive coatings production capacity with an investment of around €50 million further strengthens BASF’s presence in China and its position as a leading coatings supplier to the automotive industry. “BASF is the leading chemical partner[Read More…]
While airbag is one of the most important safety device in a car, it is often not the most considered while buying a car. It is unfortunate that some of India’s most popular and fastest selling cars come without airbags. A recent Global study by the New Car Assessment Program (NCAP) revealed that 1/5th of all cars sold in[Read More…]
Siemens has opened its Technology & Application Center (TAC) at Peenya, Bangalore, for machine tools industry. First of its kind in the country by Siemens, this facility will enable machine tool manufacturers and end users to improve productivity by testing machining techniques in real-world conditions. Spread across 6,500 square feet, TAC will allow Indian machine tool manufacturers and users to[Read More…]
