GKN Driveline has opened a new customer support office in Toyota City, in the Aichi Prefecture of Japan. The new office, which will house commercial, engineering and quality staff, has both work and meeting spaces to encourage better relationships with key customers. The new location adds to its two manufacturing sites in Japan; one test centre with a proving ground and[Read More…]
The production location of Hirschmann Car Communication GmbH in Békéscsaba, Hungary, has been named the “Best Plant of 2013” with the supplier award from the PSA Group. With this award, the French automotive group, which owns car brands including Peugeot and Citroën, recognises the commitment and outstanding services of the employees in the Békéscsaba plant. In total, the French car[Read More…]
Webasto at the IAA Commercial Vehicles Show: New transport refrigeration systems and high-voltage heaters At the IAA Commercial Vehicles Show in Hanover, Webasto is presenting a wide-ranging portfolio for light commercial vehicles and trucks under the slogan “Heating and cooling from a single source”. The booth is located on Stand B22 in Hall 12 from September 25 to October 1,[Read More…]
Financial performance Sales of $2.04 billion ($1.78 billion excluding discontinued operations) Record quarterly adjusted EBITDA of $193 million ($175 million excluding discontinued operations) Cash from operations of $31 million Continued progress under comprehensive shareholder value creation plan Reached agreement to sell majority of interiors business Completed acquisition of Johnson Controls’ electronics business on July 1 Completed HVCC acquisition of thermal[Read More…]
Orders received rise 17.6 percent to EUR 1,185.7 million in H1/14 Sales revenues up 10.9 percent to EUR 968.6 million in H1/14 New quarterly record for sales revenues: EUR 506.1 million in Q2/14, up from EUR 437.5 million in Q2/13 EBIT margin for H1/14 at 6.3 percent EBIT margin improves from 6.6 percent in Q2/13 to 6.7 percent in Q2/14 Earnings after taxes for[Read More…]
Ford Motor Company today announced details on new development techniques used to create its all-new Mustang and F-150, originating with the automaker’s suppliers. As Ford embarks on its most aggressive product launch year to date, with 23 launches globally – 16 in North America – the company is looking to its suppliers to help differentiate its products in the global[Read More…]
ACMA’s first Aerospace & Defence Summit stresses the need to review policy, develop infrastructure and promote collaboration With an objective to build local manufacturing capabilities and develop the Aerospace & Defence supply ecosystem in the country, the Automotive Component Manufacturers Association of India (ACMA) organised the first Aerospace and Defence Summit to understand and address the Opportunities & Challenges in[Read More…]
Text: T Murrali The auto industry and the auto components industry in particular are saddled with several issues ranging from fluctuating cost of inputs, increasing operating cost, lack of steady policy, unfavourable economy, etc. Irrespective of the situation they have to maintain the key parameters such as quality, cost and delivery as their customers’ (OEMs) customers have been very[Read More…]
Text: T Murrali Mumbai headquartered Shree Jay Jagdamba Stainless Steel Ltd (SJJSSL) is planning to expand capacity as it expects to utilise the installed capacity of 4,500 tonne fully by 2015. The company is also planning to foray in to forgings later. SJJSSL makes stainless steel, carbon steel, alloy steel billets, hot rolled bars, bright bars, threaded bars and[Read More…]
Jamshedpur-based sheet metal fabricating company – Highco Engineers Private Limited is looking at expanding its product portfolio to enable it to strike a balance during the slowdown in future. The company has taken a decision to get in to those non-automotive segments that are not affected much by the cycles of slowdown. Speaking to Auto Components India, the Executive Director and CEO of Highco Engineers, Tapas K Sahu[Read More…]
