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…]
Kenworth has added Dana’s Spicer® AdvanTEK® 40 tandem axle for new Class 8 pickup and delivery, regional haul and linehaul trucks equipped with the Kenworth AG380 or AG400L suspension. “The Spicer AdvanTEK 40 tandem axle is an excellent, fuel-efficient addition for new Kenworth Class 8 trucks,” said Kurt Swihart, Kenworth marketing director. “The AdvanTEK 40 axle is featured as a[Read More…]
The operating costs, service station networks, and conversion costs for compressed natural gas and liquefied petroleum gas What are the advantages of gas-powered vehicles? Both CNG and LPG powertrain systems are cheaper and more eco-friendly in cars than diesel or gasoline systems. Their combustion is comparably cleaner, reducing emissions of particulates and nitrogen oxides. Both fuels are also cheaper than gasoline[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…]
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…]
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…]
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…]
Continental acquires 100% ownership of joint venture Emitec and Powertrain Business Unit Fuel Supply will form the new Fuel & Exhaust Management Business Unit Operational structures to remain unchanged; Emitec brand name to continue The international automotive supplier Continental has acquired 100% ownership of the exhaust technologies specialist Emitec. Until now, it was a 50/50 joint venture with Continental and[Read More…]
Net income rises by 14.2% to €1.3 billion or €6.52 per share Sales grow 2.1% to €16.9 billion after six months EBIT at €1.8 billion Significant reduction of interest burden thanks to improved financing conditions The Continental Corporation is again increasing its earnings forecast for fiscal 2014 after a good first half-year. “We now intend to achieve an adjusted EBIT[Read More…]
