BPCL and IONAGE Strengthen EV Charging Partnership
Hyundai Motor India Partners with CHARGE ZONE to Boost EV Charging Infrastructure
Assam Govt, Tata Group signed land deal for Rs 27,000 Cr semiconductor plant
Apollo Tyres Retains Silver Award once again
Good News : Maharashtra Govt Reduces VAT on Petrol, Diesel in Mumbai, Navi Mumbai, Thane

International

DENSO announces first-quarter financial results for fiscal year ending June 30, 2014

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…]

by — August 3, 2014 — Finance, International, Newscast, Web Exclusive

Dürr confirming targets for 2014

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…]

by — August 3, 2014 — Allied Business, International, Newscast, Web Exclusive

Knorr-Bremse Commercial Vehicle Systems expanding in China

Knorr-Bremse Commercial Vehicle Systems is substantially expanding its commitment to China: On July 25, 2014, Knorr-Bremse Asia Pacific (Holding) Ltd. in Hong Kong and the Chinese company Dongfeng Electronic & Technology Co., Ltd. (DETC) signed an agreement governing the formation of the joint venture company “Knorr-Bremse DETC Commercial Vehicle Braking Technology Co., Ltd.”. The new company, in which Knorr-Bremse holds[Read More…]

by — August 3, 2014 — International, Newscast, Web Exclusive

Delphi reports second quarter 2014 financial results

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…]

by — August 3, 2014 — Finance, International, Newscast, Web Exclusive
Continental to become provider of Exhaust-Gas-Treatment System: Emitec integrated into Powertrain Division

Continental to become provider of Exhaust-Gas-Treatment System: Emitec integrated into Powertrain Division

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…]

by — August 3, 2014 — International, Newscast, Web Exclusive

Continental increases forecast for adjusted EBIT margin to around 11% after good first half-year

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…]

by — August 3, 2014 — International, Newscast, Web Exclusive

Meritor reports third-quarter fiscal year 2014 results

Meritor, Inc., has reported financial results for its third fiscal quarter ended June 30, 2014. Third-Quarter Highlights Sales were $986 million, down $7 million from the same period last year. Net income on a GAAP basis was $234 million, compared to a net loss of $38 million, in the same period last year. Net income included $209 million from the antitrust[Read More…]

by — August 3, 2014 — International

Continental and Auro Technologies bring the new true 3D Immersive Sound-Experience into the Car

Drawing on over 60 years of experience in car radios and a vast multimedia know-how of Continental and Auro Technologies’ revolutionary Auro-3D sound technology, Auro Technologies and Continental have announced today to jointly bring true 3D sound to in-car infotainment systems. First integrated into digital cinemas as Auro 11.1. by Barco, the Auro-3D format is the next generation in audio,[Read More…]

by — July 29, 2014 — International, Newscast, Web Exclusive
Hyundai Motor Ranks Highest Non-premium in J.D. Power APEAL Study; Accent Ranks Highest in Small Car Segment

Hyundai Motor Ranks Highest Non-premium in J.D. Power APEAL Study; Accent Ranks Highest in Small Car Segment

J.D. Power designated 2014 Accent as its most appealing small car in its 2014 Automotive Performance, Execution and Layout (APEAL) Study released on 24 July. Hyundai is also the highest-ranked non-premium brand in the J.D. Power 2014 Initial Quality StudySM (IQS), marking the first time a nameplate has ranked highest among non-premium brands in both APEAL and IQS in the same year. In[Read More…]

by — July 27, 2014 — International, Newscast, OEM, Trending, Web Exclusive

SAE International Publishes New standard, SAE J2601, to Establish Worldwide Basis for H2 Fueling of Fuel Cell Electric Vehicles

SAE International published the J2601 standard, “Fueling Protocols for Light Duty Gaseous Hydrogen Surface Vehicles”, the light duty hydrogen fueling protocol which will serve as the baseline for fueling the first generation hydrogen Fuel Cell Electric Vehicle (FCEVs) with hydrogen. This standard will be used worldwide for hydrogen fueling stations. “SAE J2601 enables a safe and quick hydrogen fueling experience[Read More…]

by — July 27, 2014 — International, Newscast, OEM, Web Exclusive
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